VSJ 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.
VSJ TECHNICS
Largest movements
- Cash +€14,520
up €14,520 (+65.5%), from €22,159 to €36,679
mainly Net result for the year (+€19,408) and Other debts (+€13,575)
- Tangible fixed assets +€6,477
up €6,477 (+415.5%), from €1,559 to €8,036
of which Furniture and vehicles: +€6,789
- Deferred charges and accrued income +€726
up €726 (+32.0%), from €2,271 to €2,997
- Other debts +€13,575
up €13,575 (+301.7%), from €4,500 to €18,075
- Current portion of long-term debt +€3,491
new in 2025: €3,491
- Debts after one year +€2,391
new in 2025: €2,391
- Reserves +€1,908
up €1,908 (+8.1%), from €23,639 to €25,547
- Tax, wage and social debts +€718
up €718 (+7.6%), from €9,411 to €10,129
- Gross operating margin +€7,668
up €7,668 (+37.3%), from €20,539 to €28,207
- Taxes +€1,750
up €1,750 (+40.2%), from €4,355 to €6,105
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 | €40,431 | €62,678 | +€22,248 | +55.0% |
| Fixed assets | 21/28 | €1,559 | €8,036 | +€6,477 | +415.5% |
| Tangible fixed assets | 22/27 | €1,559 | €8,036 | +€6,477 | +415.5% |
| Plant, machinery and equipment | 23 | €977 | €665 | -€312 | -31.9% |
| Furniture and vehicles | 24 | €581 | €7,370 | +€6,789 | +1167.6% |
| Current assets | 29/58 | €38,872 | €54,643 | +€15,771 | +40.6% |
| Amounts receivable within one year | 40/41 | €14,442 | €14,967 | +€525 | +3.6% |
| Trade receivables | 40 | €10,625 | €14,967 | +€4,342 | +40.9% |
| Other amounts receivable | 41 | €3,818 | €0 | -€3,818 | -100.0% |
| Cash at bank and in hand | 54/58 | €22,159 | €36,679 | +€14,520 | +65.5% |
| Deferred charges and accrued income | 490/1 | €2,271 | €2,997 | +€726 | +32.0% |
| Total equity and liabilities | 10/49 | €40,431 | €62,678 | +€22,248 | +55.0% |
| Equity | 10/15 | €24,139 | €26,047 | +€1,908 | +7.9% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €23,639 | €25,547 | +€1,908 | +8.1% |
| Distributable reserves | 133 | €23,639 | €25,547 | +€1,908 | +8.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €16,292 | €36,631 | +€20,339 | +124.8% |
| Amounts payable after more than one year | 17 | - | €2,391 | +€2,391 | |
| Financial debts | 170/4 | - | €2,391 | +€2,391 | |
| Amounts payable within one year | 42/48 | €16,292 | €34,240 | +€17,948 | +110.2% |
| Current portion of amounts payable after more than one year | 42 | - | €3,491 | +€3,491 | |
| Trade debts | 44 | €2,381 | €2,545 | +€164 | +6.9% |
| Suppliers | 440/4 | €2,381 | €2,545 | +€164 | +6.9% |
| Taxes, remuneration and social security | 45 | €9,411 | €10,129 | +€718 | +7.6% |
| Taxes | 450/3 | €9,411 | €10,129 | +€718 | +7.6% |
| Other amounts payable | 47/48 | €4,500 | €18,075 | +€13,575 | +301.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,435 | €1,437 | +€2 | +0.1% |
| Other operating charges | 640/8 | €646 | €809 | +€163 | +25.2% |
| Gross operating margin | 9900 | €20,539 | €28,207 | +€7,668 | +37.3% |
| Operating profit (loss) | 9901 | €18,457 | €25,960 | +€7,503 | +40.7% |
| Financial income | 75/76B | €270 | €0 | -€270 | -100.0% |
| Recurring financial income | 75 | €270 | €0 | -€270 | -100.0% |
| Financial charges | 65/66B | €584 | €447 | -€137 | -23.4% |
| Recurring financial charges | 65 | €584 | €447 | -€137 | -23.4% |
| Profit (loss) for the period before taxes | 9903 | €18,142 | €25,513 | +€7,371 | +40.6% |
| Income taxes | 67/77 | €4,355 | €6,105 | +€1,750 | +40.2% |
| Profit (loss) for the period | 9904 | €13,788 | €19,408 | +€5,621 | +40.8% |
| Profit (loss) for the period to be appropriated | 9905 | €13,788 | €19,408 | +€5,621 | +40.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.