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 +€140,561
up €140,561 (+146.5%), from €95,939 to €236,501
mainly Net result for the year (+€65,636) and Trade debts (+€60,135)
- Receivables within one year +€7,051
up €7,051 (+82.8%), from €8,516 to €15,567
of which Trade receivables: +€8,401
- Stocks and contracts +€3,590
new in 2025: €3,590
- Reserves +€65,636
up €65,636 (+114.9%), from €57,141 to €122,777
- Trade debts +€60,135
up €60,135 (+188.5%), from €31,896 to €92,031
- Accrued charges and deferred income +€10,861
new in 2025: €10,861
- Advances received +€10,852
new in 2025: €10,852
- Tax, wage and social debts +€7,054
up €7,054 (+32.6%), from €21,646 to €28,700
- Gross operating margin +€15,118
up €15,118 (+18.6%), from €81,121 to €96,239
- Taxes +€3,935
up €3,935 (+18.2%), from €21,646 to €25,581
- Depreciation +€2,324
up €2,324 (+140.4%), from €1,655 to €3,979
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 | €121,343 | €273,613 | +€152,270 | +125.5% |
| Fixed assets | 21/28 | €14,115 | €15,699 | +€1,584 | +11.2% |
| Tangible fixed assets | 22/27 | €14,115 | €15,699 | +€1,584 | +11.2% |
| Plant, machinery and equipment | 23 | €83 | €4,944 | +€4,860 | +5832.6% |
| Furniture and vehicles | 24 | €14,032 | €10,755 | -€3,277 | -23.4% |
| Current assets | 29/58 | €107,228 | €257,914 | +€150,687 | +140.5% |
| Stocks and contracts in progress | 3 | - | €3,590 | +€3,590 | |
| Stocks | 30/36 | - | €3,590 | +€3,590 | |
| Amounts receivable within one year | 40/41 | €8,516 | €15,567 | +€7,051 | +82.8% |
| Trade receivables | 40 | €7,166 | €15,567 | +€8,401 | +117.2% |
| Other amounts receivable | 41 | €1,351 | €0 | -€1,351 | -100.0% |
| Cash at bank and in hand | 54/58 | €95,939 | €236,501 | +€140,561 | +146.5% |
| Deferred charges and accrued income | 490/1 | €2,772 | €2,257 | -€515 | -18.6% |
| Total equity and liabilities | 10/49 | €121,343 | €273,613 | +€152,270 | +125.5% |
| Equity | 10/15 | €62,141 | €127,777 | +€65,636 | +105.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €57,141 | €122,777 | +€65,636 | +114.9% |
| Distributable reserves | 133 | €57,141 | €122,777 | +€65,636 | +114.9% |
| Amounts payable | 17/49 | €59,202 | €145,836 | +€86,634 | +146.3% |
| Amounts payable within one year | 42/48 | €59,202 | €134,975 | +€75,773 | +128.0% |
| Trade debts | 44 | €31,896 | €92,031 | +€60,135 | +188.5% |
| Suppliers | 440/4 | €31,896 | €92,031 | +€60,135 | +188.5% |
| Advances received on contracts in progress | 46 | - | €10,852 | +€10,852 | |
| Taxes, remuneration and social security | 45 | €21,646 | €28,700 | +€7,054 | +32.6% |
| Taxes | 450/3 | €21,646 | €28,700 | +€7,054 | +32.6% |
| Other amounts payable | 47/48 | €5,660 | €3,391 | -€2,268 | -40.1% |
| Accrued charges and deferred income | 492/3 | - | €10,861 | +€10,861 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,655 | €3,979 | +€2,324 | +140.4% |
| Other operating charges | 640/8 | €650 | €665 | +€16 | +2.4% |
| Gross operating margin | 9900 | €81,121 | €96,239 | +€15,118 | +18.6% |
| Operating profit (loss) | 9901 | €78,816 | €91,594 | +€12,778 | +16.2% |
| Financial income | 75/76B | €0 | €73 | +€72 | +14722.4% |
| Recurring financial income | 75 | €0 | €73 | +€72 | +14722.4% |
| Financial charges | 65/66B | €30 | €450 | +€420 | +1404.3% |
| Recurring financial charges | 65 | €30 | €450 | +€420 | +1404.3% |
| Profit (loss) for the period before taxes | 9903 | €78,787 | €91,217 | +€12,430 | +15.8% |
| Income taxes | 67/77 | €21,646 | €25,581 | +€3,935 | +18.2% |
| Profit (loss) for the period | 9904 | €57,141 | €65,636 | +€8,495 | +14.9% |
| Profit (loss) for the period to be appropriated | 9905 | €57,141 | €65,636 | +€8,495 | +14.9% |
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 1 October 2026 via checked.be.