VT CONCEPT: 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 CONCEPT
Largest movements
- Receivables within one year -€1,813
down €1,813 (-5.1%), from €35,569 to €33,755
of which Trade receivables: -€14,242
- Financial fixed assets +€1,356
new in 2025: €1,356
- Stocks and contracts +€791
new in 2025: €791
- Tangible fixed assets +€518
up €518 (+4.7%), from €10,999 to €11,517
- Profit (loss) carried forward +€4,503
up €4,503 (+71.0%), from €6,337 to €10,840
- Trade debts -€2,068
down €2,068 (-27.3%), from €7,563 to €5,495
- Tax, wage and social debts -€1,207
down €1,207 (-8.6%), from €13,997 to €12,791
of which Remuneration and social security: -€661
- Gross operating margin +€5,312
up €5,312 (+71.6%), from €7,420 to €12,732
- Taxes +€3,575
new in 2025: €3,575
- Depreciation +€2,712
up €2,712 (+381%), from €711 to €3,424
- Other operating charges +€1,076
up €1,076 (+486%), from €221 to €1,298
- Financial income +€170
up €170 (+99.8%), from €170 to €340
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 | €46,805 | €48,034 | +€1,228 | +2.6% |
| Fixed assets | 21/28 | €10,999 | €12,873 | +€1,874 | +17.0% |
| Tangible fixed assets | 22/27 | €10,999 | €11,517 | +€518 | +4.7% |
| Furniture and vehicles | 24 | €10,999 | €11,517 | +€518 | +4.7% |
| Financial fixed assets | 28 | - | €1,356 | +€1,356 | |
| Current assets | 29/58 | €35,806 | €35,161 | -€646 | -1.8% |
| Stocks and contracts in progress | 3 | - | €791 | +€791 | |
| Stocks | 30/36 | - | €791 | +€791 | |
| Amounts receivable within one year | 40/41 | €35,569 | €33,755 | -€1,813 | -5.1% |
| Trade receivables | 40 | €26,525 | €12,282 | -€14,242 | -53.7% |
| Other amounts receivable | 41 | €9,044 | €21,473 | +€12,429 | +137% |
| Cash at bank and in hand | 54/58 | €20 | €227 | +€207 | +1,030% |
| Deferred charges and accrued income | 490/1 | €218 | €387 | +€169 | +77.9% |
| Total equity and liabilities | 10/49 | €46,805 | €48,034 | +€1,228 | +2.6% |
| Equity | 10/15 | €25,128 | €29,630 | +€4,503 | +17.9% |
| Contributions | 10/11 | €6,615 | €6,615 | = | 0.0% |
| Reserves | 13 | €12,175 | €12,175 | = | 0.0% |
| Distributable reserves | 133 | €12,175 | €12,175 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,337 | €10,840 | +€4,503 | +71.0% |
| Amounts payable | 17/49 | €21,678 | €18,403 | -€3,274 | -15.1% |
| Amounts payable within one year | 42/48 | €21,678 | €18,403 | -€3,274 | -15.1% |
| Trade debts | 44 | €7,563 | €5,495 | -€2,068 | -27.3% |
| Suppliers | 440/4 | €7,563 | €5,495 | -€2,068 | -27.3% |
| Taxes, remuneration and social security | 45 | €13,997 | €12,791 | -€1,207 | -8.6% |
| Taxes | 450/3 | €9,997 | €9,452 | -€546 | -5.5% |
| Remuneration and social security | 454/9 | €4,000 | €3,339 | -€661 | -16.5% |
| Other amounts payable | 47/48 | €117 | €117 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €711 | €3,424 | +€2,712 | +381% |
| Other operating charges | 640/8 | €221 | €1,298 | +€1,076 | +486% |
| Gross operating margin | 9900 | €7,420 | €12,732 | +€5,312 | +71.6% |
| Operating profit (loss) | 9901 | €6,488 | €8,011 | +€1,523 | +23.5% |
| Financial income | 75/76B | €170 | €340 | +€170 | +99.8% |
| Recurring financial income | 75 | €170 | €340 | +€170 | +99.8% |
| Financial charges | 65/66B | €321 | €273 | -€47 | -14.7% |
| Recurring financial charges | 65 | €321 | €273 | -€47 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | €6,337 | €8,077 | +€1,740 | +27.5% |
| Income taxes | 67/77 | - | €3,575 | +€3,575 | |
| Profit (loss) for the period | 9904 | €6,337 | €4,503 | -€1,835 | -29.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,337 | €4,503 | -€1,835 | -29.0% |
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.