VS-Technics: 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.
VS-Technics
Largest movements
- Tangible fixed assets -€15,388
down €15,388 (-22.6%), from €67,990 to €52,602
of which Furniture and vehicles: -€14,315
- Deferred charges and accrued income -€1,617
down €1,617 (-29.6%), from €5,461 to €3,843
- Reserves -€30,578
down €30,578 (-70.5%), from €43,368 to €12,790
- Profit (loss) carried forward +€21,365
new in 2025: €21,365
- Short-term financial debts -€13,704
down €13,704 (-46.2%), from €29,682 to €15,977
- Tax, wage and social debts +€6,422
up €6,422 (+150.3%), from €4,274 to €10,696
of which Remuneration and social security: +€6,107
- Trade debts +€5,457
up €5,457 (+23.5%), from €23,263 to €28,720
- Staff costs -€12,671
down €12,671 (-24.9%), from €50,805 to €38,134
- Gross operating margin -€4,183
down €4,183 (-7.2%), from €58,273 to €54,090
- Depreciation +€2,513
up €2,513 (+13.7%), from €18,320 to €20,833
- Financial charges -€1,717
down €1,717 (-45.5%), from €3,771 to €2,054
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 | €121,582 | €104,911 | -€16,671 | -13.7% |
| Fixed assets | 21/28 | €67,990 | €52,632 | -€15,358 | -22.6% |
| Tangible fixed assets | 22/27 | €67,990 | €52,602 | -€15,388 | -22.6% |
| Land and buildings | 22 | €16,092 | €15,116 | -€976 | -6.1% |
| Plant, machinery and equipment | 23 | €1,789 | €1,693 | -€96 | -5.4% |
| Furniture and vehicles | 24 | €50,109 | €35,794 | -€14,315 | -28.6% |
| Financial fixed assets | 28 | - | €30 | +€30 | |
| Current assets | 29/58 | €53,592 | €52,279 | -€1,313 | -2.5% |
| Stocks and contracts in progress | 3 | €8,075 | €8,360 | +€285 | +3.5% |
| Stocks | 30/36 | €8,075 | €8,360 | +€285 | +3.5% |
| Amounts receivable within one year | 40/41 | €40,057 | €40,076 | +€19 | 0.0% |
| Trade receivables | 40 | €25,589 | €25,426 | -€163 | -0.6% |
| Other amounts receivable | 41 | €14,468 | €14,650 | +€182 | +1.3% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Deferred charges and accrued income | 490/1 | €5,461 | €3,843 | -€1,617 | -29.6% |
| Total equity and liabilities | 10/49 | €121,582 | €104,911 | -€16,671 | -13.7% |
| Equity | 10/15 | €48,368 | €39,155 | -€9,213 | -19.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €43,368 | €12,790 | -€30,578 | -70.5% |
| Distributable reserves | 133 | €43,368 | €12,790 | -€30,578 | -70.5% |
| Profit (loss) carried forward | 14 | - | €21,365 | +€21,365 | |
| Amounts payable | 17/49 | €73,215 | €65,756 | -€7,458 | -10.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €73,215 | €65,756 | -€7,458 | -10.2% |
| Current portion of amounts payable after more than one year | 42 | €2,827 | €0 | -€2,827 | -100.0% |
| Financial debts | 43 | €29,682 | €15,977 | -€13,704 | -46.2% |
| Credit institutions | 430/8 | €29,682 | €15,977 | -€13,704 | -46.2% |
| Trade debts | 44 | €23,263 | €28,720 | +€5,457 | +23.5% |
| Suppliers | 440/4 | €23,263 | €28,720 | +€5,457 | +23.5% |
| Taxes, remuneration and social security | 45 | €4,274 | €10,696 | +€6,422 | +150.3% |
| Taxes | 450/3 | €0 | €315 | +€315 | |
| Remuneration and social security | 454/9 | €4,274 | €10,381 | +€6,107 | +142.9% |
| Other amounts payable | 47/48 | €13,169 | €10,363 | -€2,806 | -21.3% |
| Non-recurring operating income | 76A | €13,889 | €0 | -€13,889 | -100.0% |
| Remuneration, social security and pensions | 62 | €50,805 | €38,134 | -€12,671 | -24.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,320 | €20,833 | +€2,513 | +13.7% |
| Other operating charges | 640/8 | €1,899 | €2,268 | +€369 | +19.5% |
| Gross operating margin | 9900 | €58,273 | €54,090 | -€4,183 | -7.2% |
| Operating profit (loss) | 9901 | -€12,750 | -€7,145 | +€5,605 | +44.0% |
| Financial income | 75/76B | €151 | €114 | -€37 | -24.6% |
| Recurring financial income | 75 | €151 | €114 | -€37 | -24.6% |
| Financial charges | 65/66B | €3,771 | €2,054 | -€1,717 | -45.5% |
| Recurring financial charges | 65 | €3,771 | €2,054 | -€1,717 | -45.5% |
| Profit (loss) for the period before taxes | 9903 | -€16,370 | -€9,085 | +€7,285 | +44.5% |
| Income taxes | 67/77 | €128 | €128 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€16,498 | -€9,213 | +€7,285 | +44.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,498 | -€9,213 | +€7,285 | +44.2% |
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 10 October 2026 via checked.be.