VKtronics: 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.
VKtronics
Largest movements
- Tangible fixed assets -€15,044
down €15,044 (-31.9%), from €47,110 to €32,066
of which Plant, machinery and equipment: -€14,041
- Cash -€6,749
down €6,749 (-63.0%), from €10,710 to €3,961
mainly Debts after one year (-€17,865) and Net result for the year (-€7,054)
- Debts after one year -€17,865
down €17,865 (-58.9%), from €30,323 to €12,458
of which Financial debts: -€17,865
- Profit (loss) carried forward -€7,054
down €7,054 (-23.6%), from -€29,851 to -€36,905
- Trade debts +€1,751
up €1,751 (+58.2%), from €3,009 to €4,760
- Other debts +€1,623
up €1,623 (+2.0%), from €82,373 to €83,996
- Gross operating margin -€14,074
down €14,074 (-29.8%), from €47,190 to €33,116
- Depreciation -€6,723
down €6,723 (-30.9%), from €21,767 to €15,044
- Purchases and services -€4,665
down €4,665 (-2.2%), from €211,142 to €206,477
- Turnover +€3,950
up €3,950 (+1.7%), from €235,016 to €238,966
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 | €119,690 | €97,744 | -€21,946 | -18.3% |
| Fixed assets | 21/28 | €59,447 | €44,403 | -€15,044 | -25.3% |
| Tangible fixed assets | 22/27 | €47,110 | €32,066 | -€15,044 | -31.9% |
| Land and buildings | 22 | €2,557 | €2,019 | -€538 | -21.0% |
| Plant, machinery and equipment | 23 | €42,125 | €28,084 | -€14,041 | -33.3% |
| Furniture and vehicles | 24 | €2,428 | €1,963 | -€465 | -19.2% |
| Financial fixed assets | 28 | €12,337 | €12,337 | = | 0.0% |
| Current assets | 29/58 | €60,243 | €53,341 | -€6,902 | -11.5% |
| Stocks and contracts in progress | 3 | €43,177 | €43,858 | +€681 | +1.6% |
| Stocks | 30/36 | €43,177 | €43,858 | +€681 | +1.6% |
| Amounts receivable within one year | 40/41 | €6,352 | €5,518 | -€834 | -13.1% |
| Trade receivables | 40 | €4,779 | €4,781 | +€2 | 0.0% |
| Other amounts receivable | 41 | €1,573 | €737 | -€836 | -53.1% |
| Current investments | 50/53 | €4 | €4 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €10,710 | €3,961 | -€6,749 | -63.0% |
| Total equity and liabilities | 10/49 | €119,690 | €97,744 | -€21,946 | -18.3% |
| Equity | 10/15 | -€21,791 | -€28,845 | -€7,054 | -32.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,851 | -€36,905 | -€7,054 | -23.6% |
| Amounts payable | 17/49 | €141,481 | €126,589 | -€14,892 | -10.5% |
| Amounts payable after more than one year | 17 | €30,323 | €12,458 | -€17,865 | -58.9% |
| Financial debts | 170/4 | €26,910 | €9,045 | -€17,865 | -66.4% |
| Other amounts payable | 178/9 | €3,413 | €3,413 | = | 0.0% |
| Amounts payable within one year | 42/48 | €111,158 | €114,131 | +€2,973 | +2.7% |
| Current portion of amounts payable after more than one year | 42 | €17,569 | €17,865 | +€296 | +1.7% |
| Trade debts | 44 | €3,009 | €4,760 | +€1,751 | +58.2% |
| Suppliers | 440/4 | €3,009 | €4,760 | +€1,751 | +58.2% |
| Taxes, remuneration and social security | 45 | €8,207 | €7,510 | -€697 | -8.5% |
| Taxes | 450/3 | €5,298 | €4,488 | -€810 | -15.3% |
| Remuneration and social security | 454/9 | €2,909 | €3,022 | +€113 | +3.9% |
| Other amounts payable | 47/48 | €82,373 | €83,996 | +€1,623 | +2.0% |
| Turnover | 70 | €235,016 | €238,966 | +€3,950 | +1.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €211,142 | €206,477 | -€4,665 | -2.2% |
| Remuneration, social security and pensions | 62 | €21,067 | €22,952 | +€1,885 | +8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,767 | €15,044 | -€6,723 | -30.9% |
| Other operating charges | 640/8 | €770 | €784 | +€14 | +1.8% |
| Gross operating margin | 9900 | €47,190 | €33,116 | -€14,074 | -29.8% |
| Operating profit (loss) | 9901 | €3,586 | -€5,664 | -€9,250 | |
| Financial income | 75/76B | €12 | €19 | +€7 | +58.3% |
| Recurring financial income | 75 | €12 | €19 | +€7 | +58.3% |
| Financial charges | 65/66B | €1,565 | €1,409 | -€156 | -10.0% |
| Recurring financial charges | 65 | €1,565 | €1,409 | -€156 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | €2,033 | -€7,054 | -€9,087 | |
| Profit (loss) for the period | 9904 | €2,033 | -€7,054 | -€9,087 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,033 | -€7,054 | -€9,087 |
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 9 October 2026 via checked.be.