VST Digital: 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.
VST Digital
Largest movements
- Cash -€37,240
down €37,240 (-89.9%), from €41,442 to €4,202
mainly Contributions, distributions and other (-€41,176) and Receivables within one year (-€17,449)
- Receivables within one year +€17,449
up €17,449 (+123.2%), from €14,159 to €31,608
of which Trade receivables: +€18,105
- Tangible fixed assets +€5,566
new in 2025: €5,566
- Profit (loss) carried forward +€18,269
new in 2025: €18,269
- Tax, wage and social debts -€16,350
down €16,350 (-62.9%), from €26,002 to €9,652
- Other debts -€15,322
down €15,322 (-61.3%), from €25,013 to €9,691
- Trade debts -€822
down €822 (-49.0%), from €1,677 to €856
- Gross operating margin -€10,678
down €10,678 (-12.1%), from €88,226 to €77,547
- Taxes -€3,049
down €3,049 (-15.9%), from €19,123 to €16,075
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 | €55,693 | €41,467 | -€14,225 | -25.5% |
| Fixed assets | 21/28 | €92 | €5,657 | +€5,566 | +6072.6% |
| Tangible fixed assets | 22/27 | - | €5,566 | +€5,566 | |
| Other tangible fixed assets | 26 | - | €5,566 | +€5,566 | |
| Financial fixed assets | 28 | €92 | €92 | = | 0.0% |
| Current assets | 29/58 | €55,601 | €35,810 | -€19,791 | -35.6% |
| Amounts receivable within one year | 40/41 | €14,159 | €31,608 | +€17,449 | +123.2% |
| Trade receivables | 40 | €13,504 | €31,608 | +€18,105 | +134.1% |
| Other amounts receivable | 41 | €655 | €0 | -€655 | -100.0% |
| Cash at bank and in hand | 54/58 | €41,442 | €4,202 | -€37,240 | -89.9% |
| Total equity and liabilities | 10/49 | €55,693 | €41,467 | -€14,225 | -25.5% |
| Equity | 10/15 | €3,000 | €21,269 | +€18,269 | +609.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €18,269 | +€18,269 | |
| Amounts payable | 17/49 | €52,693 | €20,199 | -€32,494 | -61.7% |
| Amounts payable within one year | 42/48 | €52,693 | €20,199 | -€32,494 | -61.7% |
| Trade debts | 44 | €1,677 | €856 | -€822 | -49.0% |
| Suppliers | 440/4 | €1,677 | €856 | -€822 | -49.0% |
| Taxes, remuneration and social security | 45 | €26,002 | €9,652 | -€16,350 | -62.9% |
| Taxes | 450/3 | €26,002 | €9,652 | -€16,350 | -62.9% |
| Other amounts payable | 47/48 | €25,013 | €9,691 | -€15,322 | -61.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €434 | +€434 | |
| Other operating charges | 640/8 | €268 | €400 | +€132 | +49.2% |
| Gross operating margin | 9900 | €88,226 | €77,547 | -€10,678 | -12.1% |
| Operating profit (loss) | 9901 | €87,958 | €76,713 | -€11,245 | -12.8% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €339 | €1,194 | +€855 | +252.5% |
| Recurring financial charges | 65 | €339 | €1,194 | +€855 | +252.5% |
| Profit (loss) for the period before taxes | 9903 | €87,619 | €75,520 | -€12,100 | -13.8% |
| Income taxes | 67/77 | €19,123 | €16,075 | -€3,049 | -15.9% |
| Profit (loss) for the period | 9904 | €68,496 | €59,445 | -€9,051 | -13.2% |
| Profit (loss) for the period to be appropriated | 9905 | €68,496 | €59,445 | -€9,051 | -13.2% |
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 8 October 2026 via checked.be.