VaKoTech: what changed
Two fiscal 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.
VaKoTech
Largest movements
- Current investments +€75,119
new in 2026: €75,119
- Cash -€57,179
down €57,179 (-82.7%), from €69,175 to €11,997
mainly Current investments (-€75,119) and Receivables within one year (-€20,632)
- Receivables within one year +€20,632
up €20,632 (+253.0%), from €8,156 to €28,788
of which Other amounts receivable: +€20,677
- Reserves +€44,448
up €44,448 (+86.7%), from €51,289 to €95,738
- Tax, wage and social debts -€3,673
down €3,673 (-22.7%), from €16,152 to €12,479
of which Taxes: -€1,848
- Other debts -€2,202
down €2,202 (-23.8%), from €9,251 to €7,048
- Gross operating margin -€9,294
down €9,294 (-14.0%), from €66,185 to €56,890
- Taxes -€1,674
down €1,674 (-12.5%), from €13,351 to €11,677
From the 2025 result to the 2026 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.
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €77,692 | €116,265 | +€38,573 | +49.6% |
| Current assets | 29/58 | €77,692 | €116,265 | +€38,573 | +49.6% |
| Amounts receivable within one year | 40/41 | €8,156 | €28,788 | +€20,632 | +253.0% |
| Trade receivables | 40 | €8,145 | €8,100 | -€45 | -0.6% |
| Other amounts receivable | 41 | €11 | €20,688 | +€20,677 | +179956.1% |
| Current investments | 50/53 | - | €75,119 | +€75,119 | |
| Cash at bank and in hand | 54/58 | €69,175 | €11,997 | -€57,179 | -82.7% |
| Deferred charges and accrued income | 490/1 | €361 | €361 | = | 0.0% |
| Total equity and liabilities | 10/49 | €77,692 | €116,265 | +€38,573 | +49.6% |
| Equity | 10/15 | €52,289 | €96,738 | +€44,448 | +85.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €51,289 | €95,738 | +€44,448 | +86.7% |
| Distributable reserves | 133 | €51,289 | €95,738 | +€44,448 | +86.7% |
| Amounts payable | 17/49 | €25,403 | €19,527 | -€5,876 | -23.1% |
| Amounts payable within one year | 42/48 | €25,403 | €19,527 | -€5,876 | -23.1% |
| Taxes, remuneration and social security | 45 | €16,152 | €12,479 | -€3,673 | -22.7% |
| Taxes | 450/3 | €14,327 | €12,479 | -€1,848 | -12.9% |
| Remuneration and social security | 454/9 | €1,826 | - | -€1,826 | |
| Other amounts payable | 47/48 | €9,251 | €7,048 | -€2,202 | -23.8% |
| Other operating charges | 640/8 | - | €150 | +€150 | |
| Gross operating margin | 9900 | €66,185 | €56,890 | -€9,294 | -14.0% |
| Operating profit (loss) | 9901 | €66,185 | €56,740 | -€9,444 | -14.3% |
| Financial income | 75/76B | - | €618 | +€618 | |
| Recurring financial income | 75 | - | €618 | +€618 | |
| Financial charges | 65/66B | €844 | €533 | -€311 | -36.9% |
| Recurring financial charges | 65 | €844 | €533 | -€311 | -36.9% |
| Profit (loss) for the period before taxes | 9903 | €65,341 | €56,825 | -€8,515 | -13.0% |
| Income taxes | 67/77 | €13,351 | €11,677 | -€1,674 | -12.5% |
| Profit (loss) for the period | 9904 | €51,989 | €45,148 | -€6,841 | -13.2% |
| Profit (loss) for the period to be appropriated | 9905 | €51,989 | €45,148 | -€6,841 | -13.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.