VT COMPANY: 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 COMPANY
Largest movements
- Tangible fixed assets +€30,554
up €30,554 (+50.5%), from €60,522 to €91,076
of which Furniture and vehicles: +€15,947
- Receivables within one year -€24,308
down €24,308 (-53.6%), from €45,352 to €21,044
- Cash +€20,143
up €20,143 (+112%), from €17,927 to €38,070
mainly Depreciation (+€30,147) and Tax, wage and social debts (+€25,873)
- Financial fixed assets +€5,000
up €5,000 (+35.7%), from €14,000 to €19,000
- Deferred charges and accrued income -€4,203
down €4,203 (-94.4%), from €4,453 to €250
- Tax, wage and social debts +€25,873
up €25,873 (+62.2%), from €41,574 to €67,447
of which Remuneration and social security: +€18,451
- Trade debts -€22,067
down €22,067 (-71.3%), from €30,945 to €8,878
- Profit (loss) carried forward +€14,194
up €14,194 (+59.5%), from €23,869 to €38,063
- Current portion of long-term debt +€10,012
up €10,012 (+103%), from €9,713 to €19,725
- Debts after one year -€5,804
down €5,804 (-27.0%), from €21,464 to €15,660
- Gross operating margin +€45,811
up €45,811 (+35.2%), from €130,059 to €175,870
- Staff costs +€35,782
up €35,782 (+41.6%), from €85,975 to €121,757
- Depreciation +€7,927
up €7,927 (+35.7%), from €22,220 to €30,147
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 | €142,254 | €169,440 | +€27,186 | +19.1% |
| Fixed assets | 21/28 | €74,522 | €110,076 | +€35,554 | +47.7% |
| Tangible fixed assets | 22/27 | €60,522 | €91,076 | +€30,554 | +50.5% |
| Plant, machinery and equipment | 23 | - | €4,642 | +€4,642 | |
| Furniture and vehicles | 24 | €26,829 | €42,776 | +€15,947 | +59.4% |
| Leasing and similar rights | 25 | €33,693 | €43,658 | +€9,965 | +29.6% |
| Financial fixed assets | 28 | €14,000 | €19,000 | +€5,000 | +35.7% |
| Current assets | 29/58 | €67,732 | €59,364 | -€8,368 | -12.4% |
| Amounts receivable within one year | 40/41 | €45,352 | €21,044 | -€24,308 | -53.6% |
| Trade receivables | 40 | €45,352 | €21,044 | -€24,308 | -53.6% |
| Cash at bank and in hand | 54/58 | €17,927 | €38,070 | +€20,143 | +112% |
| Deferred charges and accrued income | 490/1 | €4,453 | €250 | -€4,203 | -94.4% |
| Total equity and liabilities | 10/49 | €142,254 | €169,440 | +€27,186 | +19.1% |
| Equity | 10/15 | €23,869 | €43,063 | +€19,194 | +80.4% |
| Contributions | 10/11 | - | €5,000 | +€5,000 | |
| Profit (loss) carried forward | 14 | €23,869 | €38,063 | +€14,194 | +59.5% |
| Amounts payable | 17/49 | €118,385 | €126,377 | +€7,992 | +6.8% |
| Amounts payable after more than one year | 17 | €21,464 | €15,660 | -€5,804 | -27.0% |
| Financial debts | 170/4 | €21,464 | €15,660 | -€5,804 | -27.0% |
| Amounts payable within one year | 42/48 | €96,921 | €110,717 | +€13,796 | +14.2% |
| Current portion of amounts payable after more than one year | 42 | €9,713 | €19,725 | +€10,012 | +103% |
| Trade debts | 44 | €30,945 | €8,878 | -€22,067 | -71.3% |
| Suppliers | 440/4 | €30,945 | €8,878 | -€22,067 | -71.3% |
| Taxes, remuneration and social security | 45 | €41,574 | €67,447 | +€25,873 | +62.2% |
| Taxes | 450/3 | €17,986 | €25,408 | +€7,422 | +41.3% |
| Remuneration and social security | 454/9 | €23,588 | €42,039 | +€18,451 | +78.2% |
| Other amounts payable | 47/48 | €14,689 | €14,667 | -€22 | -0.1% |
| Remuneration, social security and pensions | 62 | €85,975 | €121,757 | +€35,782 | +41.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,220 | €30,147 | +€7,927 | +35.7% |
| Other operating charges | 640/8 | €1,297 | €1,434 | +€137 | +10.5% |
| Gross operating margin | 9900 | €130,059 | €175,870 | +€45,811 | +35.2% |
| Operating profit (loss) | 9901 | €20,567 | €22,532 | +€1,965 | +9.6% |
| Financial income | 75/76B | €1 | €3 | +€2 | +214% |
| Recurring financial income | 75 | €1 | €3 | +€2 | +214% |
| Financial charges | 65/66B | €5,183 | €3,984 | -€1,199 | -23.1% |
| Recurring financial charges | 65 | €5,183 | €3,984 | -€1,199 | -23.1% |
| Profit (loss) for the period before taxes | 9903 | €15,385 | €18,551 | +€3,166 | +20.6% |
| Income taxes | 67/77 | €3,336 | €4,357 | +€1,021 | +30.6% |
| Profit (loss) for the period | 9904 | €12,049 | €14,194 | +€2,145 | +17.8% |
| Profit (loss) for the period to be appropriated | 9905 | €12,049 | €14,194 | +€2,145 | +17.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.