VG TECHNICS: 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.
VG TECHNICS
Largest movements
- Cash +€13,910
up €13,910 (+22.3%), from €62,331 to €76,241
mainly Depreciation (+€13,432) and Receivables within one year (+€4,633)
- Tangible fixed assets -€13,432
down €13,432 (-67.4%), from €19,924 to €6,492
of which Furniture and vehicles: -€13,081
- Receivables within one year -€4,633
down €4,633 (-35.8%), from €12,954 to €8,320
of which Trade receivables: -€5,808
- Other debts -€5,000
down €5,000 (-64.8%), from €7,710 to €2,710
- Tax, wage and social debts +€1,335
up €1,335 (+503.3%), from €265 to €1,600
of which Remuneration and social security: +€1,600
- Trade debts -€974
down €974 (-88.7%), from €1,097 to €124
- Gross operating margin -€19,067
down €19,067 (-48.7%), from €39,155 to €20,087
- Other operating charges +€5,533
up €5,533 (+654.0%), from €846 to €6,379
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €95,494 | €91,372 | -€4,122 | -4.3% |
| Fixed assets | 21/28 | €19,924 | €6,492 | -€13,432 | -67.4% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €19,924 | €6,492 | -€13,432 | -67.4% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €598 | €246 | -€352 | -58.8% |
| Furniture and vehicles | 24 | €19,326 | €6,246 | -€13,081 | -67.7% |
| Current assets | 29/58 | €75,569 | €84,880 | +€9,310 | +12.3% |
| Amounts receivable within one year | 40/41 | €12,954 | €8,320 | -€4,633 | -35.8% |
| Trade receivables | 40 | €12,535 | €6,727 | -€5,808 | -46.3% |
| Other amounts receivable | 41 | €419 | €1,593 | +€1,175 | +280.6% |
| Cash at bank and in hand | 54/58 | €62,331 | €76,241 | +€13,910 | +22.3% |
| Deferred charges and accrued income | 490/1 | €284 | €318 | +€34 | +11.9% |
| Total equity and liabilities | 10/49 | €95,494 | €91,372 | -€4,122 | -4.3% |
| Equity | 10/15 | €86,420 | €86,437 | +€17 | 0.0% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €73,920 | €73,937 | +€17 | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €72,060 | €72,077 | +€17 | 0.0% |
| Amounts payable | 17/49 | €9,073 | €4,934 | -€4,139 | -45.6% |
| Amounts payable within one year | 42/48 | €9,073 | €4,434 | -€4,639 | -51.1% |
| Trade debts | 44 | €1,097 | €124 | -€974 | -88.7% |
| Suppliers | 440/4 | €1,097 | €124 | -€974 | -88.7% |
| Taxes, remuneration and social security | 45 | €265 | €1,600 | +€1,335 | +503.3% |
| Taxes | 450/3 | €265 | - | -€265 | |
| Remuneration and social security | 454/9 | - | €1,600 | +€1,600 | |
| Other amounts payable | 47/48 | €7,710 | €2,710 | -€5,000 | -64.8% |
| Accrued charges and deferred income | 492/3 | - | €500 | +€500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,432 | €13,432 | = | 0.0% |
| Other operating charges | 640/8 | €846 | €6,379 | +€5,533 | +654.0% |
| Gross operating margin | 9900 | €39,155 | €20,087 | -€19,067 | -48.7% |
| Operating profit (loss) | 9901 | €24,877 | €276 | -€24,600 | -98.9% |
| Financial charges | 65/66B | €12 | €14 | +€2 | +20.9% |
| Recurring financial charges | 65 | €12 | €14 | +€2 | +20.9% |
| Profit (loss) for the period before taxes | 9903 | €24,865 | €262 | -€24,603 | -98.9% |
| Income taxes | 67/77 | €260 | €245 | -€15 | -5.9% |
| Profit (loss) for the period | 9904 | €24,604 | €17 | -€24,588 | -99.9% |
| Profit (loss) for the period to be appropriated | 9905 | €24,604 | €17 | -€24,588 | -99.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.