VEH TECHNICS: what changed
What changed
VEH TECHNICS
NACE 43.230, Insulation installation
filed annual accounts (NBB)
Net result for the year
€3,162
2024 · €15,394-€12,232
Equity
€540,209
2024 · €537,047+€3,162
Cash
€55,886
2024 · €133,460-€77,575
Balance sheet total
€944,076
2024 · €1.2m-€283,519
Largest movements
Assets
- Stocks and contracts -€203,895
down €203,895 (-57.2%), from €356,300 to €152,405
of which Contracts in progress: -€131,395
- Cash -€77,575
down €77,575 (-58.1%), from €133,460 to €55,886
mainly Short-term financial debts (-€160,000) and Debts after one year (-€60,260)
- Tangible fixed assets -€19,440
down €19,440 (-8.5%), from €229,265 to €209,825
of which Land and buildings: -€25,646
Equity and liabilities
- Short-term financial debts -€160,000
down €160,000 (-100%), from €160,000 to €0
- Debts after one year -€60,260
down €60,260 (-29.1%), from €207,309 to €147,049
- Trade debts -€45,063
down €45,063 (-24.5%), from €184,114 to €139,051
- Advances received -€15,024
down €15,024 (-100%), from €15,024 to €0
Income statement
- Gross operating margin +€95,668
up €95,668 (+16.5%), from €579,897 to €675,566
- Write-downs +€48,586
new in 2025: €48,586
- Other operating charges +€18,453
up €18,453 (+698%), from €2,642 to €21,095
- Staff costs -€17,060
down €17,060 (-3.3%), from €518,614 to €501,553
- Depreciation +€6,841
up €6,841 (+32.0%), from €21,385 to €28,227
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€15,394
Gross operating margin
+€95,668
Staff costs
+€17,060
Depreciation
-€6,841
Write-downs
-€48,586
Other operating charges
-€18,453
Other operating items
-€50,717
Financial income
-€3,771
Financial charges
-€1,111
Taxes
+€4,519
Result 2025
€3,162
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€162,450
Investment
-€19,487
Financing
-€220,538
Cash 2024
€133,460
From operations (derived)
+€162,450
Net result for the year
+€3,162
Depreciation
+€28,227
Stocks and contracts
+€203,895
Receivables within one year
-€525
Deferred charges and accrued income
-€6,165
Trade debts
-€45,063
Tax, wage and social debts
-€6,072
Advances received
-€15,024
Accrued charges and deferred income
+€15
Investment (derived)
-€19,487
Investment in fixed assets (net)
-€19,487
Financing
-€220,538
Debts after one year
-€60,260
Current portion of long-term debt
-€278
Short-term financial debts
-€160,000
Cash 2025
€55,886
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,227,595 | €944,076 | -€283,519 | -23.1% |
| Fixed assets | 21/28 | €230,205 | €221,465 | -€8,740 | -3.8% |
| Tangible fixed assets | 22/27 | €229,265 | €209,825 | -€19,440 | -8.5% |
| Land and buildings | 22 | €227,499 | €201,853 | -€25,646 | -11.3% |
| Plant, machinery and equipment | 23 | €1,766 | €2,988 | +€1,222 | +69.2% |
| Furniture and vehicles | 24 | €0 | €4,984 | +€4,984 | +9,968,860% |
| Financial fixed assets | 28 | €940 | €11,640 | +€10,700 | +1,138% |
| Current assets | 29/58 | €997,390 | €722,610 | -€274,779 | -27.5% |
| Stocks and contracts in progress | 3 | €356,300 | €152,405 | -€203,895 | -57.2% |
| Stocks | 30/36 | €141,300 | €68,800 | -€72,500 | -51.3% |
| Contracts in progress | 37 | €215,000 | €83,605 | -€131,395 | -61.1% |
| Amounts receivable within one year | 40/41 | €494,686 | €495,211 | +€525 | +0.1% |
| Trade receivables | 40 | €466,084 | €440,994 | -€25,090 | -5.4% |
| Other amounts receivable | 41 | €28,602 | €54,217 | +€25,615 | +89.6% |
| Cash at bank and in hand | 54/58 | €133,460 | €55,886 | -€77,575 | -58.1% |
| Deferred charges and accrued income | 490/1 | €12,944 | €19,109 | +€6,165 | +47.6% |
| Total equity and liabilities | 10/49 | €1,227,595 | €944,076 | -€283,519 | -23.1% |
| Equity | 10/15 | €537,047 | €540,209 | +€3,162 | +0.6% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €103,000 | €103,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €404,047 | €407,209 | +€3,162 | +0.8% |
| Amounts payable | 17/49 | €690,548 | €403,867 | -€286,681 | -41.5% |
| Amounts payable after more than one year | 17 | €207,309 | €147,049 | -€60,260 | -29.1% |
| Financial debts | 170/4 | €207,309 | €147,049 | -€60,260 | -29.1% |
| Amounts payable within one year | 42/48 | €483,240 | €256,803 | -€226,437 | -46.9% |
| Current portion of amounts payable after more than one year | 42 | €60,538 | €60,260 | -€278 | -0.5% |
| Financial debts | 43 | €160,000 | €0 | -€160,000 | -100% |
| Credit institutions | 430/8 | €160,000 | €0 | -€160,000 | -100% |
| Trade debts | 44 | €184,114 | €139,051 | -€45,063 | -24.5% |
| Suppliers | 440/4 | €184,114 | €139,051 | -€45,063 | -24.5% |
| Advances received on contracts in progress | 46 | €15,024 | €0 | -€15,024 | -100% |
| Taxes, remuneration and social security | 45 | €44,868 | €38,796 | -€6,072 | -13.5% |
| Taxes | 450/3 | €5,367 | €4,390 | -€977 | -18.2% |
| Remuneration and social security | 454/9 | €39,501 | €34,406 | -€5,095 | -12.9% |
| Other amounts payable | 47/48 | €18,696 | €18,696 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €15 | +€15 | |
| Non-recurring operating income | 76A | €42,508 | €106,460 | +€63,952 | +150% |
| Remuneration, social security and pensions | 62 | €518,614 | €501,553 | -€17,060 | -3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,385 | €28,227 | +€6,841 | +32.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €48,586 | +€48,586 | |
| Other operating charges | 640/8 | €2,642 | €21,095 | +€18,453 | +698% |
| Non-recurring operating charges | 66A | - | €50,717 | +€50,717 | |
| Gross operating margin | 9900 | €579,897 | €675,566 | +€95,668 | +16.5% |
| Operating profit (loss) | 9901 | €37,256 | €25,387 | -€11,869 | -31.9% |
| Financial income | 75/76B | €7,753 | €3,982 | -€3,771 | -48.6% |
| Recurring financial income | 75 | €7,753 | €3,982 | -€3,771 | -48.6% |
| Financial charges | 65/66B | €19,946 | €21,057 | +€1,111 | +5.6% |
| Recurring financial charges | 65 | €19,946 | €21,057 | +€1,111 | +5.6% |
| Profit (loss) for the period before taxes | 9903 | €25,063 | €8,312 | -€16,750 | -66.8% |
| Income taxes | 67/77 | €9,669 | €5,150 | -€4,519 | -46.7% |
| Profit (loss) for the period | 9904 | €15,394 | €3,162 | -€12,232 | -79.5% |
| Profit (loss) for the period to be appropriated | 9905 | €15,394 | €3,162 | -€12,232 | -79.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.