VG Sensory: 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.
VG Sensory
Largest movements
- Receivables within one year +€39,865
up €39,865 (+43.0%), from €92,677 to €132,542
of which Trade receivables: +€27,547
- Tangible fixed assets -€13,507
down €13,507 (-24.1%), from €56,082 to €42,575
of which Land and buildings: -€8,584
- Cash +€8,572
up €8,572 (+4.9%), from €176,121 to €184,693
mainly Net result for the year (+€26,100) and Trade debts (+€25,798)
- Trade debts +€25,798
up €25,798 (+35.1%), from €73,407 to €99,206
- Reserves +€18,174
up €18,174 (+12.9%), from €140,908 to €159,082
of which Distributable reserves: +€18,174
- Debts after one year -€15,543
down €15,543 (-30.8%), from €50,471 to €34,928
- Other debts +€7,926
new in 2025: €7,926
- Gross operating margin +€31,540
up €31,540 (+13.9%), from €226,907 to €258,446
- Taxes +€8,082
up €8,082 (+109%), from €7,413 to €15,495
- Staff costs +€3,382
up €3,382 (+1.8%), from €187,367 to €190,749
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 | €333,432 | €369,991 | +€36,559 | +11.0% |
| Fixed assets | 21/28 | €61,807 | €50,505 | -€11,301 | -18.3% |
| Intangible fixed assets | 21 | €4,039 | €6,245 | +€2,206 | +54.6% |
| Tangible fixed assets | 22/27 | €56,082 | €42,575 | -€13,507 | -24.1% |
| Land and buildings | 22 | €43,662 | €35,078 | -€8,584 | -19.7% |
| Plant, machinery and equipment | 23 | €11,475 | €6,242 | -€5,233 | -45.6% |
| Furniture and vehicles | 24 | €946 | €1,255 | +€309 | +32.7% |
| Financial fixed assets | 28 | €1,686 | €1,686 | = | 0.0% |
| Current assets | 29/58 | €271,626 | €319,486 | +€47,860 | +17.6% |
| Amounts receivable within one year | 40/41 | €92,677 | €132,542 | +€39,865 | +43.0% |
| Trade receivables | 40 | €73,357 | €100,904 | +€27,547 | +37.6% |
| Other amounts receivable | 41 | €19,321 | €31,638 | +€12,318 | +63.8% |
| Cash at bank and in hand | 54/58 | €176,121 | €184,693 | +€8,572 | +4.9% |
| Deferred charges and accrued income | 490/1 | €2,827 | €2,251 | -€577 | -20.4% |
| Total equity and liabilities | 10/49 | €333,432 | €369,991 | +€36,559 | +11.0% |
| Equity | 10/15 | €173,259 | €191,091 | +€17,832 | +10.3% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Reserves | 13 | €140,908 | €159,082 | +€18,174 | +12.9% |
| Tax-exempt reserves | 132 | €15,965 | €15,965 | = | 0.0% |
| Distributable reserves | 133 | €124,943 | €143,117 | +€18,174 | +14.5% |
| Investment grants | 15 | €1,352 | €1,009 | -€342 | -25.3% |
| Amounts payable | 17/49 | €160,173 | €178,900 | +€18,728 | +11.7% |
| Amounts payable after more than one year | 17 | €50,471 | €34,928 | -€15,543 | -30.8% |
| Financial debts | 170/4 | €50,471 | €34,928 | -€15,543 | -30.8% |
| Amounts payable within one year | 42/48 | €109,701 | €143,972 | +€34,270 | +31.2% |
| Current portion of amounts payable after more than one year | 42 | €14,801 | €15,543 | +€742 | +5.0% |
| Trade debts | 44 | €73,407 | €99,206 | +€25,798 | +35.1% |
| Suppliers | 440/4 | €73,407 | €99,206 | +€25,798 | +35.1% |
| Taxes, remuneration and social security | 45 | €21,493 | €21,297 | -€196 | -0.9% |
| Remuneration and social security | 454/9 | €21,493 | €21,297 | -€196 | -0.9% |
| Other amounts payable | 47/48 | - | €7,926 | +€7,926 | |
| Remuneration, social security and pensions | 62 | €187,367 | €190,749 | +€3,382 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,031 | €20,649 | +€1,617 | +8.5% |
| Other operating charges | 640/8 | €328 | €338 | +€9 | +2.9% |
| Gross operating margin | 9900 | €226,907 | €258,446 | +€31,540 | +13.9% |
| Operating profit (loss) | 9901 | €20,180 | €46,711 | +€26,530 | +131% |
| Financial income | 75/76B | €1,102 | €1,907 | +€805 | +73.0% |
| Recurring financial income | 75 | €1,102 | €1,907 | +€805 | +73.0% |
| Financial charges | 65/66B | €5,909 | €7,022 | +€1,114 | +18.9% |
| Recurring financial charges | 65 | €5,909 | €7,022 | +€1,114 | +18.9% |
| Profit (loss) for the period before taxes | 9903 | €15,374 | €41,595 | +€26,221 | +171% |
| Income taxes | 67/77 | €7,413 | €15,495 | +€8,082 | +109% |
| Profit (loss) for the period | 9904 | €7,960 | €26,100 | +€18,139 | +228% |
| Profit (loss) for the period to be appropriated | 9905 | €7,960 | €26,100 | +€18,139 | +228% |
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 27 October 2026 via checked.be.