VesiTechnics: 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.
VesiTechnics
Largest movements
- Receivables within one year -€378,410
down €378,410 (-49.8%), from €759,559 to €381,149
of which Trade receivables: -€381,125
- Deferred charges and accrued income -€14,676
no longer reported in 2025 (was €14,676)
- Accrued charges and deferred income -€166,995
no longer reported in 2025 (was €166,995)
- Trade debts -€102,677
down €102,677 (-34.2%), from €300,048 to €197,372
- Other debts -€84,000
down €84,000 (-61.6%), from €136,340 to €52,340
- Tax, wage and social debts -€81,159
down €81,159 (-96.4%), from €84,205 to €3,046
- Reserves +€40,010
up €40,010 (+15.9%), from €251,003 to €291,013
- Gross operating margin -€17,100
down €17,100 (-6.2%), from €273,948 to €256,848
- Taxes -€4,266
down €4,266 (-6.3%), from €68,051 to €63,785
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.
Cash bridge derived
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 | €957,191 | €562,371 | -€394,820 | -41.2% |
| Fixed assets | 21/28 | €864 | - | -€864 | |
| Tangible fixed assets | 22/27 | €864 | - | -€864 | |
| Plant, machinery and equipment | 23 | €864 | - | -€864 | |
| Current assets | 29/58 | €956,327 | €562,371 | -€393,956 | -41.2% |
| Amounts receivable within one year | 40/41 | €759,559 | €381,149 | -€378,410 | -49.8% |
| Trade receivables | 40 | €751,360 | €370,235 | -€381,125 | -50.7% |
| Other amounts receivable | 41 | €8,199 | €10,914 | +€2,715 | +33.1% |
| Cash at bank and in hand | 54/58 | €182,092 | €181,222 | -€870 | -0.5% |
| Deferred charges and accrued income | 490/1 | €14,676 | - | -€14,676 | |
| Total equity and liabilities | 10/49 | €957,191 | €562,371 | -€394,820 | -41.2% |
| Equity | 10/15 | €269,603 | €309,613 | +€40,010 | +14.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €251,003 | €291,013 | +€40,010 | +15.9% |
| Distributable reserves | 133 | €251,003 | €291,013 | +€40,010 | +15.9% |
| Amounts payable | 17/49 | €687,588 | €252,758 | -€434,831 | -63.2% |
| Amounts payable within one year | 42/48 | €520,593 | €252,758 | -€267,835 | -51.4% |
| Trade debts | 44 | €300,048 | €197,372 | -€102,677 | -34.2% |
| Suppliers | 440/4 | €300,048 | €197,372 | -€102,677 | -34.2% |
| Taxes, remuneration and social security | 45 | €84,205 | €3,046 | -€81,159 | -96.4% |
| Taxes | 450/3 | €84,205 | €3,046 | -€81,159 | -96.4% |
| Other amounts payable | 47/48 | €136,340 | €52,340 | -€84,000 | -61.6% |
| Accrued charges and deferred income | 492/3 | €166,995 | - | -€166,995 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,268 | €864 | -€404 | -31.8% |
| Other operating charges | 640/8 | €1,268 | €1,529 | +€261 | +20.6% |
| Gross operating margin | 9900 | €273,948 | €256,848 | -€17,100 | -6.2% |
| Operating profit (loss) | 9901 | €271,412 | €254,455 | -€16,957 | -6.2% |
| Financial income | 75/76B | €0 | €27 | +€27 | +53680.0% |
| Recurring financial income | 75 | €0 | €27 | +€27 | +53680.0% |
| Financial charges | 65/66B | €72 | €98 | +€26 | +36.7% |
| Recurring financial charges | 65 | €72 | €98 | +€26 | +36.7% |
| Profit (loss) for the period before taxes | 9903 | €271,340 | €254,384 | -€16,957 | -6.2% |
| Income taxes | 67/77 | €68,051 | €63,785 | -€4,266 | -6.3% |
| Profit (loss) for the period | 9904 | €203,289 | €190,599 | -€12,691 | -6.2% |
| Profit (loss) for the period to be appropriated | 9905 | €203,289 | €190,599 | -€12,691 | -6.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.