VCS Technics: 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.
VCS Technics
Largest movements
- Tangible fixed assets -€51,948
down €51,948 (-26.2%), from €198,109 to €146,161
of which Furniture and vehicles: -€37,989
- Current investments +€31,000
up €31,000 (+15.5%), from €199,930 to €230,930
- Cash +€20,917
up €20,917 (+16.2%), from €128,755 to €149,671
mainly Net result for the year (+€61,237) and Depreciation (+€60,854)
- Reserves +€14,314
up €14,314 (+3.3%), from €433,697 to €448,011
- Debts after one year -€12,805
down €12,805 (-18.3%), from €69,946 to €57,140
- Tax, wage and social debts -€9,040
down €9,040 (-95.9%), from €9,422 to €382
- Gross operating margin -€29,878
down €29,878 (-16.7%), from €178,567 to €148,689
- Taxes -€9,653
down €9,653 (-27.4%), from €35,267 to €25,614
- Depreciation +€6,977
up €6,977 (+13.0%), from €53,877 to €60,854
- Financial income +€2,513
up €2,513 (+84.0%), from €2,990 to €5,503
From the 2024 result to the 2025 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 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €553,316 | €552,865 | -€451 | -0.1% |
| Fixed assets | 21/28 | €198,109 | €146,161 | -€51,948 | -26.2% |
| Tangible fixed assets | 22/27 | €198,109 | €146,161 | -€51,948 | -26.2% |
| Land and buildings | 22 | €81,626 | €63,965 | -€17,661 | -21.6% |
| Plant, machinery and equipment | 23 | €4,935 | €3,207 | -€1,729 | -35.0% |
| Furniture and vehicles | 24 | €108,657 | €70,668 | -€37,989 | -35.0% |
| Other tangible fixed assets | 26 | €2,891 | €8,321 | +€5,430 | +188% |
| Current assets | 29/58 | €355,206 | €406,704 | +€51,497 | +14.5% |
| Amounts receivable within one year | 40/41 | €18,032 | €16,231 | -€1,800 | -10.0% |
| Trade receivables | 40 | €14,922 | €14,061 | -€861 | -5.8% |
| Other amounts receivable | 41 | €3,110 | €2,171 | -€939 | -30.2% |
| Current investments | 50/53 | €199,930 | €230,930 | +€31,000 | +15.5% |
| Cash at bank and in hand | 54/58 | €128,755 | €149,671 | +€20,917 | +16.2% |
| Deferred charges and accrued income | 490/1 | €8,490 | €9,871 | +€1,381 | +16.3% |
| Total equity and liabilities | 10/49 | €553,316 | €552,865 | -€451 | -0.1% |
| Equity | 10/15 | €452,297 | €466,611 | +€14,314 | +3.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €433,697 | €448,011 | +€14,314 | +3.3% |
| Distributable reserves | 133 | €433,697 | €448,011 | +€14,314 | +3.3% |
| Amounts payable | 17/49 | €101,019 | €86,254 | -€14,765 | -14.6% |
| Amounts payable after more than one year | 17 | €69,946 | €57,140 | -€12,805 | -18.3% |
| Financial debts | 170/4 | €69,946 | €57,140 | -€12,805 | -18.3% |
| Amounts payable within one year | 42/48 | €31,073 | €29,114 | -€1,959 | -6.3% |
| Current portion of amounts payable after more than one year | 42 | €13,136 | €13,842 | +€706 | +5.4% |
| Trade debts | 44 | €2,890 | €4,960 | +€2,070 | +71.6% |
| Suppliers | 440/4 | €2,890 | €4,960 | +€2,070 | +71.6% |
| Taxes, remuneration and social security | 45 | €9,422 | €382 | -€9,040 | -95.9% |
| Taxes | 450/3 | €9,422 | €382 | -€9,040 | -95.9% |
| Other amounts payable | 47/48 | €5,625 | €9,929 | +€4,304 | +76.5% |
| Non-recurring operating income | 76A | €20,292 | - | -€20,292 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,877 | €60,854 | +€6,977 | +13.0% |
| Other operating charges | 640/8 | €2,380 | €2,176 | -€204 | -8.6% |
| Gross operating margin | 9900 | €178,567 | €148,689 | -€29,878 | -16.7% |
| Operating profit (loss) | 9901 | €122,310 | €85,658 | -€36,652 | -30.0% |
| Financial income | 75/76B | €2,990 | €5,503 | +€2,513 | +84.0% |
| Recurring financial income | 75 | €2,990 | €5,503 | +€2,513 | +84.0% |
| Financial charges | 65/66B | €4,942 | €4,310 | -€632 | -12.8% |
| Recurring financial charges | 65 | €4,942 | €4,310 | -€632 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | €120,358 | €86,851 | -€33,507 | -27.8% |
| Income taxes | 67/77 | €35,267 | €25,614 | -€9,653 | -27.4% |
| Profit (loss) for the period | 9904 | €85,091 | €61,237 | -€23,854 | -28.0% |
| Profit (loss) for the period to be appropriated | 9905 | €85,091 | €61,237 | -€23,854 | -28.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.