VNT-SERVICE: 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.
VNT-SERVICE
Largest movements
- Tangible fixed assets +€17,900
up €17,900 (+26.0%), from €68,744 to €86,644
of which Other tangible fixed assets: +€20,598
- Receivables within one year -€6,956
down €6,956 (-38.4%), from €18,114 to €11,158
- Cash -€5,089
down €5,089 (-6.1%), from €83,608 to €78,520
mainly Investment in fixed assets (net) (-€56,240) and Tax, wage and social debts (-€7,927)
- Tax, wage and social debts -€7,927
down €7,927 (-32.0%), from €24,758 to €16,831
of which Remuneration and social security: -€4,401
- Reserves +€5,503
up €5,503 (+10.4%), from €52,893 to €58,396
- Current portion of long-term debt +€4,995
up €4,995 (+38.9%), from €12,853 to €17,848
- Trade debts -€2,377
down €2,377 (-49.1%), from €4,841 to €2,463
- Depreciation +€18,917
up €18,917 (+98.1%), from €19,288 to €38,205
- Gross operating margin -€18,295
down €18,295 (-25.6%), from €71,349 to €53,054
- Taxes -€7,655
down €7,655 (-75.3%), from €10,170 to €2,515
- Financial charges +€1,815
up €1,815 (+41.6%), from €4,363 to €6,178
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.
Derived cash bridge
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 | €172,659 | €176,940 | +€4,281 | +2.5% |
| Fixed assets | 21/28 | €68,879 | €86,914 | +€18,035 | +26.2% |
| Tangible fixed assets | 22/27 | €68,744 | €86,644 | +€17,900 | +26.0% |
| Plant, machinery and equipment | 23 | €4,027 | €3,916 | -€111 | -2.8% |
| Furniture and vehicles | 24 | €64,717 | €62,130 | -€2,587 | -4.0% |
| Other tangible fixed assets | 26 | - | €20,598 | +€20,598 | |
| Financial fixed assets | 28 | €135 | €270 | +€135 | +100% |
| Current assets | 29/58 | €103,780 | €90,026 | -€13,754 | -13.3% |
| Amounts receivable within one year | 40/41 | €18,114 | €11,158 | -€6,956 | -38.4% |
| Trade receivables | 40 | €18,114 | €11,158 | -€6,956 | -38.4% |
| Cash at bank and in hand | 54/58 | €83,608 | €78,520 | -€5,089 | -6.1% |
| Deferred charges and accrued income | 490/1 | €2,058 | €348 | -€1,709 | -83.1% |
| Total equity and liabilities | 10/49 | €172,659 | €176,940 | +€4,281 | +2.5% |
| Equity | 10/15 | €55,393 | €60,896 | +€5,503 | +9.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Contributions outside capital | 11 | €2,500 | €2,500 | = | 0.0% |
| Other | 1109/19 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €52,893 | €58,396 | +€5,503 | +10.4% |
| Distributable reserves | 133 | €52,893 | €58,396 | +€5,503 | +10.4% |
| Amounts payable | 17/49 | €117,266 | €116,044 | -€1,222 | -1.0% |
| Amounts payable after more than one year | 17 | €46,246 | €47,888 | +€1,641 | +3.5% |
| Financial debts | 170/4 | €46,246 | €47,888 | +€1,641 | +3.5% |
| Amounts payable within one year | 42/48 | €69,828 | €65,448 | -€4,379 | -6.3% |
| Current portion of amounts payable after more than one year | 42 | €12,853 | €17,848 | +€4,995 | +38.9% |
| Trade debts | 44 | €4,841 | €2,463 | -€2,377 | -49.1% |
| Suppliers | 440/4 | €4,841 | €2,463 | -€2,377 | -49.1% |
| Taxes, remuneration and social security | 45 | €24,758 | €16,831 | -€7,927 | -32.0% |
| Taxes | 450/3 | €20,158 | €16,632 | -€3,526 | -17.5% |
| Remuneration and social security | 454/9 | €4,600 | €199 | -€4,401 | -95.7% |
| Other amounts payable | 47/48 | €27,377 | €28,306 | +€930 | +3.4% |
| Accrued charges and deferred income | 492/3 | €1,192 | €2,708 | +€1,516 | +127% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,288 | €38,205 | +€18,917 | +98.1% |
| Other operating charges | 640/8 | €513 | €689 | +€176 | +34.2% |
| Gross operating margin | 9900 | €71,349 | €53,054 | -€18,295 | -25.6% |
| Operating profit (loss) | 9901 | €51,548 | €14,160 | -€37,388 | -72.5% |
| Financial income | 75/76B | €0 | €35 | +€35 | +175,550% |
| Recurring financial income | 75 | €0 | €35 | +€35 | +175,550% |
| Financial charges | 65/66B | €4,363 | €6,178 | +€1,815 | +41.6% |
| Recurring financial charges | 65 | €4,363 | €6,178 | +€1,815 | +41.6% |
| Profit (loss) for the period before taxes | 9903 | €47,185 | €8,018 | -€39,167 | -83.0% |
| Income taxes | 67/77 | €10,170 | €2,515 | -€7,655 | -75.3% |
| Profit (loss) for the period | 9904 | €37,015 | €5,503 | -€31,512 | -85.1% |
| Profit (loss) for the period to be appropriated | 9905 | €37,015 | €5,503 | -€31,512 | -85.1% |
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 23 October 2026 via checked.be.