VT ACCOUNTANTS: 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.
VT ACCOUNTANTS
Largest movements
- Receivables within one year +€75,567
up €75,567 (+216%), from €34,934 to €110,501
- Intangible fixed assets -€45,000
down €45,000 (-20.5%), from €220,000 to €175,000
- Cash -€26,135
down €26,135 (-74.1%), from €35,282 to €9,147
mainly Receivables within one year (-€75,567) and Contributions, distributions and other (-€46,149)
- Tangible fixed assets -€11,180
down €11,180 (-2.7%), from €407,020 to €395,840
- Debts after one year -€31,825
down €31,825 (-8.9%), from €355,721 to €323,896
- Other debts +€31,512
up €31,512 (+62.3%), from €50,596 to €82,108
- Current portion of long-term debt -€22,511
down €22,511 (-41.4%), from €54,336 to €31,825
- Trade debts +€7,829
up €7,829 (+4,908%), from €160 to €7,988
- Staff costs -€51,258
down €51,258 (-20.2%), from €253,191 to €201,932
- Gross operating margin -€24,455
down €24,455 (-6.6%), from €368,941 to €344,487
- Taxes +€9,320
up €9,320 (+62.3%), from €14,959 to €24,280
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 | €700,456 | €692,548 | -€7,909 | -1.1% |
| Fixed assets | 21/28 | €627,020 | €570,840 | -€56,180 | -9.0% |
| Intangible fixed assets | 21 | €220,000 | €175,000 | -€45,000 | -20.5% |
| Tangible fixed assets | 22/27 | €407,020 | €395,840 | -€11,180 | -2.7% |
| Land and buildings | 22 | €407,020 | €395,840 | -€11,180 | -2.7% |
| Current assets | 29/58 | €73,436 | €121,708 | +€48,272 | +65.7% |
| Amounts receivable within one year | 40/41 | €34,934 | €110,501 | +€75,567 | +216% |
| Trade receivables | 40 | €34,934 | €110,501 | +€75,567 | +216% |
| Cash at bank and in hand | 54/58 | €35,282 | €9,147 | -€26,135 | -74.1% |
| Deferred charges and accrued income | 490/1 | €3,220 | €2,060 | -€1,161 | -36.0% |
| Total equity and liabilities | 10/49 | €700,456 | €692,548 | -€7,909 | -1.1% |
| Equity | 10/15 | €157,097 | €161,079 | +€3,981 | +2.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €137,097 | €141,079 | +€3,981 | +2.9% |
| Distributable reserves | 133 | €137,097 | €141,079 | +€3,981 | +2.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €543,359 | €531,469 | -€11,890 | -2.2% |
| Amounts payable after more than one year | 17 | €355,721 | €323,896 | -€31,825 | -8.9% |
| Financial debts | 170/4 | €355,721 | €323,896 | -€31,825 | -8.9% |
| Amounts payable within one year | 42/48 | €187,638 | €207,573 | +€19,935 | +10.6% |
| Current portion of amounts payable after more than one year | 42 | €54,336 | €31,825 | -€22,511 | -41.4% |
| Trade debts | 44 | €160 | €7,988 | +€7,829 | +4,908% |
| Suppliers | 440/4 | €160 | €7,988 | +€7,829 | +4,908% |
| Taxes, remuneration and social security | 45 | €82,546 | €85,651 | +€3,105 | +3.8% |
| Taxes | 450/3 | €58,628 | €79,996 | +€21,368 | +36.4% |
| Remuneration and social security | 454/9 | €23,918 | €5,655 | -€18,263 | -76.4% |
| Other amounts payable | 47/48 | €50,596 | €82,108 | +€31,512 | +62.3% |
| Remuneration, social security and pensions | 62 | €253,191 | €201,932 | -€51,258 | -20.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,898 | €56,180 | +€282 | +0.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,000 | €0 | -€3,000 | -100% |
| Other operating charges | 640/8 | €3,476 | €2,129 | -€1,347 | -38.7% |
| Gross operating margin | 9900 | €368,941 | €344,487 | -€24,455 | -6.6% |
| Operating profit (loss) | 9901 | €53,376 | €84,244 | +€30,868 | +57.8% |
| Financial income | 75/76B | €40 | €1 | -€39 | -98.4% |
| Recurring financial income | 75 | €40 | €1 | -€39 | -98.4% |
| Financial charges | 65/66B | €10,555 | €9,835 | -€720 | -6.8% |
| Recurring financial charges | 65 | €10,555 | €9,835 | -€720 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €42,861 | €74,410 | +€31,549 | +73.6% |
| Income taxes | 67/77 | €14,959 | €24,280 | +€9,320 | +62.3% |
| Profit (loss) for the period | 9904 | €27,902 | €50,131 | +€22,229 | +79.7% |
| Profit (loss) for the period to be appropriated | 9905 | €27,902 | €50,131 | +€22,229 | +79.7% |
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 30 October 2026 via checked.be.