VA THERM CHÂSSIS: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
VA THERM CHÂSSIS
Largest movements
- Tangible fixed assets +€118,535
up €118,535 (+2,852%), from €4,156 to €122,692
of which Plant, machinery and equipment: +€83,249
- Receivables within one year +€35,043
up €35,043 (+219%), from €15,983 to €51,026
of which Other amounts receivable: +€24,748
- Trade debts +€109,654
up €109,654 (+3,986%), from €2,751 to €112,405
- Other debts +€18,307
up €18,307 (+91.4%), from €20,037 to €38,344
- Debts after one year +€16,966
new in 2024: €16,966
- Reserves +€10,168
up €10,168 (+51.7%), from €19,670 to €29,838
- Current portion of long-term debt +€7,252
new in 2024: €7,252
- Depreciation +€13,879
up €13,879 (+2,240%), from €620 to €14,499
- Gross operating margin +€4,442
up €4,442 (+15.9%), from €28,003 to €32,445
- Taxes -€3,152
down €3,152 (-44.4%), from €7,093 to €3,940
- Other operating charges +€1,687
up €1,687 (+439%), from €384 to €2,071
- Financial charges +€1,624
up €1,624 (+671%), from €242 to €1,867
of which Financial charges: +€1,468
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €62,161 | €218,338 | +€156,178 | +251% |
| Formation expenses | 20 | €1,033 | €790 | -€243 | -23.5% |
| Fixed assets | 21/28 | €4,156 | €122,692 | +€118,535 | +2,852% |
| Tangible fixed assets | 22/27 | €4,156 | €122,692 | +€118,535 | +2,852% |
| Plant, machinery and equipment | 23 | €986 | €84,234 | +€83,249 | +8,445% |
| Furniture and vehicles | 24 | €3,170 | €38,457 | +€35,287 | +1,113% |
| Current assets | 29/58 | €56,972 | €94,857 | +€37,885 | +66.5% |
| Amounts receivable within one year | 40/41 | €15,983 | €51,026 | +€35,043 | +219% |
| Trade receivables | 40 | €13,585 | €23,880 | +€10,295 | +75.8% |
| Other amounts receivable | 41 | €2,397 | €27,146 | +€24,748 | +1,032% |
| Cash at bank and in hand | 54/58 | €39,066 | €40,720 | +€1,655 | +4.2% |
| Deferred charges and accrued income | 490/1 | €1,923 | €3,111 | +€1,187 | +61.7% |
| Total equity and liabilities | 10/49 | €62,161 | €218,338 | +€156,178 | +251% |
| Equity | 10/15 | €22,670 | €32,838 | +€10,168 | +44.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €19,670 | €29,838 | +€10,168 | +51.7% |
| Distributable reserves | 133 | €19,670 | €29,838 | +€10,168 | +51.7% |
| Amounts payable | 17/49 | €39,491 | €185,500 | +€146,009 | +370% |
| Amounts payable after more than one year | 17 | - | €16,966 | +€16,966 | |
| Financial debts | 170/4 | - | €16,966 | +€16,966 | |
| Amounts payable within one year | 42/48 | €32,779 | €168,534 | +€135,756 | +414% |
| Current portion of amounts payable after more than one year | 42 | - | €7,252 | +€7,252 | |
| Trade debts | 44 | €2,751 | €112,405 | +€109,654 | +3,986% |
| Suppliers | 440/4 | €2,751 | €112,405 | +€109,654 | +3,986% |
| Advances received on contracts in progress | 46 | €2,898 | - | -€2,898 | |
| Taxes, remuneration and social security | 45 | €7,093 | €10,533 | +€3,440 | +48.5% |
| Taxes | 450/3 | €7,093 | €10,533 | +€3,440 | +48.5% |
| Other amounts payable | 47/48 | €20,037 | €38,344 | +€18,307 | +91.4% |
| Accrued charges and deferred income | 492/3 | €6,712 | - | -€6,712 | |
| Non-recurring operating income | 76A | €112 | - | -€112 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €620 | €14,499 | +€13,879 | +2,240% |
| Other operating charges | 640/8 | €384 | €2,071 | +€1,687 | +439% |
| Gross operating margin | 9900 | €28,003 | €32,445 | +€4,442 | +15.9% |
| Operating profit (loss) | 9901 | €26,999 | €15,875 | -€11,124 | -41.2% |
| Financial income | 75/76B | €6 | €101 | +€95 | +1,603% |
| Recurring financial income | 75 | €6 | €101 | +€95 | +1,603% |
| Financial charges | 65/66B | €242 | €1,867 | +€1,624 | +671% |
| Recurring financial charges | 65 | €5 | €1,473 | +€1,468 | +28,843% |
| Non-recurring financial charges | 66B | €237 | €393 | +€156 | +65.9% |
| Profit (loss) for the period before taxes | 9903 | €26,763 | €14,109 | -€12,654 | -47.3% |
| Income taxes | 67/77 | €7,093 | €3,940 | -€3,152 | -44.4% |
| Profit (loss) for the period | 9904 | €19,670 | €10,168 | -€9,501 | -48.3% |
| Profit (loss) for the period to be appropriated | 9905 | €19,670 | €10,168 | -€9,501 | -48.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.