VGK 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.
VGK TECHNICS
Largest movements
- Cash -€172,263
down €172,263 (-76.8%), from €224,175 to €51,912
mainly Other debts (-€124,366) and Receivables within one year (-€60,610)
- Receivables within one year +€60,610
up €60,610 (+350.9%), from €17,273 to €77,884
of which Other amounts receivable: +€75,472
- Tangible fixed assets -€6,624
down €6,624 (-36.1%), from €18,335 to €11,711
of which Furniture and vehicles: -€4,540
- Other debts -€124,366
down €124,366 (-89.8%), from €138,466 to €14,100
- Reserves +€21,900
up €21,900 (+27.0%), from €81,100 to €103,000
of which Distributable reserves: +€21,900
- Tax, wage and social debts -€14,769
down €14,769 (-100.0%), from €14,769 to €0
- Gross operating margin -€9,363
down €9,363 (-12.2%), from €76,718 to €67,355
- Taxes -€3,413
down €3,413 (-15.5%), from €22,006 to €18,593
- Depreciation +€874
up €874 (+7.5%), from €11,610 to €12,483
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 | €263,234 | €145,396 | -€117,837 | -44.8% |
| Fixed assets | 21/28 | €18,335 | €11,711 | -€6,624 | -36.1% |
| Tangible fixed assets | 22/27 | €18,335 | €11,711 | -€6,624 | -36.1% |
| Land and buildings | 22 | €8,596 | €5,246 | -€3,350 | -39.0% |
| Plant, machinery and equipment | 23 | - | €1,266 | +€1,266 | |
| Furniture and vehicles | 24 | €9,740 | €5,200 | -€4,540 | -46.6% |
| Current assets | 29/58 | €244,898 | €133,685 | -€111,213 | -45.4% |
| Stocks and contracts in progress | 3 | €3,450 | €3,450 | = | 0.0% |
| Stocks | 30/36 | €3,450 | €3,450 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €17,273 | €77,884 | +€60,610 | +350.9% |
| Trade receivables | 40 | €17,273 | €2,412 | -€14,861 | -86.0% |
| Other amounts receivable | 41 | - | €75,472 | +€75,472 | |
| Cash at bank and in hand | 54/58 | €224,175 | €51,912 | -€172,263 | -76.8% |
| Deferred charges and accrued income | 490/1 | - | €439 | +€439 | |
| Total equity and liabilities | 10/49 | €263,234 | €145,396 | -€117,837 | -44.8% |
| Equity | 10/15 | €106,572 | €128,720 | +€22,147 | +20.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €81,100 | €103,000 | +€21,900 | +27.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €79,100 | €101,000 | +€21,900 | +27.7% |
| Profit (loss) carried forward | 14 | €5,472 | €5,720 | +€247 | +4.5% |
| Amounts payable | 17/49 | €156,661 | €16,676 | -€139,985 | -89.4% |
| Amounts payable within one year | 42/48 | €156,262 | €16,277 | -€139,985 | -89.6% |
| Trade debts | 44 | €3,027 | €2,177 | -€850 | -28.1% |
| Suppliers | 440/4 | €3,027 | €2,177 | -€850 | -28.1% |
| Taxes, remuneration and social security | 45 | €14,769 | €0 | -€14,769 | -100.0% |
| Taxes | 450/3 | €14,769 | €0 | -€14,769 | -100.0% |
| Other amounts payable | 47/48 | €138,466 | €14,100 | -€124,366 | -89.8% |
| Accrued charges and deferred income | 492/3 | €400 | €400 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,610 | €12,483 | +€874 | +7.5% |
| Other operating charges | 640/8 | €1,446 | €893 | -€553 | -38.2% |
| Gross operating margin | 9900 | €76,718 | €67,355 | -€9,363 | -12.2% |
| Operating profit (loss) | 9901 | €63,662 | €53,979 | -€9,684 | -15.2% |
| Financial income | 75/76B | €667 | €1,069 | +€402 | +60.3% |
| Recurring financial income | 75 | €667 | €1,069 | +€402 | +60.3% |
| Financial charges | 65/66B | €146 | €207 | +€61 | +41.9% |
| Recurring financial charges | 65 | €146 | €207 | +€61 | +41.9% |
| Profit (loss) for the period before taxes | 9903 | €64,183 | €54,840 | -€9,343 | -14.6% |
| Income taxes | 67/77 | €22,006 | €18,593 | -€3,413 | -15.5% |
| Profit (loss) for the period | 9904 | €42,177 | €36,247 | -€5,930 | -14.1% |
| Profit (loss) for the period to be appropriated | 9905 | €42,177 | €36,247 | -€5,930 | -14.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.