VKTECH: 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.
VKTECH
Largest movements
- Cash -€12,976
down €12,976 (-10.8%), from €120,436 to €107,461
mainly Contributions, distributions and other (-€100,000) and Other debts (-€27,981)
- Receivables within one year -€12,153
down €12,153 (-24.2%), from €50,131 to €37,978
of which Trade receivables: -€15,737
- Tangible fixed assets -€9,809
down €9,809 (-25.7%), from €38,187 to €28,378
- Other debts -€27,981
down €27,981 (-21.7%), from €128,914 to €100,933
- Tax, wage and social debts -€20,079
down €20,079 (-98.4%), from €20,399 to €320
of which Taxes: -€20,300
- Profit (loss) carried forward +€14,210
up €14,210 (+26.3%), from €54,031 to €68,241
- Gross operating margin +€31,351
up €31,351 (+17.0%), from €184,079 to €215,430
- Taxes -€9,718
down €9,718 (-38.4%), from €25,305 to €15,587
- Staff costs +€8,384
up €8,384 (+13.2%), from €63,423 to €71,806
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 | €211,044 | €176,148 | -€34,897 | -16.5% |
| Fixed assets | 21/28 | €38,187 | €28,378 | -€9,809 | -25.7% |
| Tangible fixed assets | 22/27 | €38,187 | €28,378 | -€9,809 | -25.7% |
| Furniture and vehicles | 24 | €38,187 | €28,378 | -€9,809 | -25.7% |
| Current assets | 29/58 | €172,857 | €147,769 | -€25,088 | -14.5% |
| Amounts receivable within one year | 40/41 | €50,131 | €37,978 | -€12,153 | -24.2% |
| Trade receivables | 40 | €40,088 | €24,351 | -€15,737 | -39.3% |
| Other amounts receivable | 41 | €10,043 | €13,627 | +€3,584 | +35.7% |
| Cash at bank and in hand | 54/58 | €120,436 | €107,461 | -€12,976 | -10.8% |
| Deferred charges and accrued income | 490/1 | €2,289 | €2,330 | +€41 | +1.8% |
| Total equity and liabilities | 10/49 | €211,044 | €176,148 | -€34,897 | -16.5% |
| Equity | 10/15 | €59,031 | €73,241 | +€14,210 | +24.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,031 | €68,241 | +€14,210 | +26.3% |
| Amounts payable | 17/49 | €152,014 | €102,907 | -€49,107 | -32.3% |
| Amounts payable within one year | 42/48 | €152,014 | €102,907 | -€49,107 | -32.3% |
| Trade debts | 44 | €2,701 | €1,654 | -€1,047 | -38.8% |
| Suppliers | 440/4 | €2,701 | €1,654 | -€1,047 | -38.8% |
| Taxes, remuneration and social security | 45 | €20,399 | €320 | -€20,079 | -98.4% |
| Taxes | 450/3 | €20,300 | - | -€20,300 | |
| Remuneration and social security | 454/9 | €99 | €320 | +€221 | +222.4% |
| Other amounts payable | 47/48 | €128,914 | €100,933 | -€27,981 | -21.7% |
| Remuneration, social security and pensions | 62 | €63,423 | €71,806 | +€8,384 | +13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,181 | €12,226 | +€1,044 | +9.3% |
| Other operating charges | 640/8 | €1,581 | €1,386 | -€194 | -12.3% |
| Non-recurring operating charges | 66A | €31,378 | - | -€31,378 | |
| Gross operating margin | 9900 | €184,079 | €215,430 | +€31,351 | +17.0% |
| Operating profit (loss) | 9901 | €76,517 | €130,012 | +€53,495 | +69.9% |
| Financial charges | 65/66B | €617 | €215 | -€402 | -65.2% |
| Recurring financial charges | 65 | €617 | €215 | -€402 | -65.2% |
| Profit (loss) for the period before taxes | 9903 | €75,900 | €129,797 | +€53,897 | +71.0% |
| Income taxes | 67/77 | €25,305 | €15,587 | -€9,718 | -38.4% |
| Profit (loss) for the period | 9904 | €50,595 | €114,210 | +€63,615 | +125.7% |
| Profit (loss) for the period to be appropriated | 9905 | €50,595 | €114,210 | +€63,615 | +125.7% |
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.