VT Groep: 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 Groep
Largest movements
- Receivables within one year -€61,716
down €61,716 (-53.8%), from €114,755 to €53,039
of which Other amounts receivable: -€60,345
- Tangible fixed assets +€53,920
up €53,920 (+190%), from €28,446 to €82,365
of which Land and buildings: +€55,140
- Cash -€34,334
down €34,334 (-86.9%), from €39,523 to €5,189
mainly Investment in fixed assets (net) (-€74,097) and Tax, wage and social debts (-€36,840)
- Current investments +€25,459
up €25,459 (+42.8%), from €59,475 to €84,934
- Stocks and contracts +€17,704
new in 2025: €17,704
- Tax, wage and social debts -€36,840
down €36,840 (-89.1%), from €41,351 to €4,512
- Trade debts +€36,614
up €36,614 (+1,638%), from €2,236 to €38,850
- Other debts +€26,546
up €26,546 (+30,245%), from €88 to €26,633
- Profit (loss) carried forward -€24,297
down €24,297 (-18.3%), from €132,777 to €108,480
- Gross operating margin -€89,438
down €89,438 (-77.5%), from €115,442 to €26,004
- Taxes -€19,207
down €19,207 (-92.6%), from €20,748 to €1,541
- Depreciation +€6,477
up €6,477 (+47.3%), from €13,701 to €20,178
- Other operating charges -€1,339
down €1,339 (-47.3%), from €2,833 to €1,494
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 | €242,781 | €244,804 | +€2,023 | +0.8% |
| Fixed assets | 21/28 | €28,446 | €82,365 | +€53,920 | +190% |
| Tangible fixed assets | 22/27 | €28,446 | €82,365 | +€53,920 | +190% |
| Land and buildings | 22 | - | €55,140 | +€55,140 | |
| Plant, machinery and equipment | 23 | €18,771 | €19,103 | +€332 | +1.8% |
| Furniture and vehicles | 24 | €9,675 | €8,123 | -€1,552 | -16.0% |
| Current assets | 29/58 | €214,335 | €162,438 | -€51,896 | -24.2% |
| Stocks and contracts in progress | 3 | - | €17,704 | +€17,704 | |
| Stocks | 30/36 | - | €17,704 | +€17,704 | |
| Amounts receivable within one year | 40/41 | €114,755 | €53,039 | -€61,716 | -53.8% |
| Trade receivables | 40 | €48,655 | €47,285 | -€1,371 | -2.8% |
| Other amounts receivable | 41 | €66,100 | €5,755 | -€60,345 | -91.3% |
| Current investments | 50/53 | €59,475 | €84,934 | +€25,459 | +42.8% |
| Cash at bank and in hand | 54/58 | €39,523 | €5,189 | -€34,334 | -86.9% |
| Deferred charges and accrued income | 490/1 | €581 | €1,572 | +€991 | +171% |
| Total equity and liabilities | 10/49 | €242,781 | €244,804 | +€2,023 | +0.8% |
| Equity | 10/15 | €199,106 | €174,809 | -€24,297 | -12.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €61,329 | €61,329 | = | 0.0% |
| Distributable reserves | 133 | €61,329 | €61,329 | = | 0.0% |
| Profit (loss) carried forward | 14 | €132,777 | €108,480 | -€24,297 | -18.3% |
| Amounts payable | 17/49 | €43,675 | €69,995 | +€26,320 | +60.3% |
| Amounts payable within one year | 42/48 | €43,675 | €69,995 | +€26,320 | +60.3% |
| Trade debts | 44 | €2,236 | €38,850 | +€36,614 | +1,638% |
| Suppliers | 440/4 | €2,236 | €38,850 | +€36,614 | +1,638% |
| Taxes, remuneration and social security | 45 | €41,351 | €4,512 | -€36,840 | -89.1% |
| Taxes | 450/3 | €41,351 | €4,512 | -€36,840 | -89.1% |
| Other amounts payable | 47/48 | €88 | €26,633 | +€26,546 | +30,245% |
| Non-recurring operating income | 76A | €41,570 | - | -€41,570 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,701 | €20,178 | +€6,477 | +47.3% |
| Other operating charges | 640/8 | €2,833 | €1,494 | -€1,339 | -47.3% |
| Non-recurring operating charges | 66A | - | €495 | +€495 | |
| Gross operating margin | 9900 | €115,442 | €26,004 | -€89,438 | -77.5% |
| Operating profit (loss) | 9901 | €98,908 | €3,838 | -€95,070 | -96.1% |
| Financial income | 75/76B | €4 | €45 | +€41 | +1,033% |
| Recurring financial income | 75 | €4 | €45 | +€41 | +1,033% |
| Financial charges | 65/66B | €1,213 | €167 | -€1,045 | -86.2% |
| Recurring financial charges | 65 | €1,213 | €167 | -€1,045 | -86.2% |
| Profit (loss) for the period before taxes | 9903 | €97,699 | €3,715 | -€93,984 | -96.2% |
| Income taxes | 67/77 | €20,748 | €1,541 | -€19,207 | -92.6% |
| Profit (loss) for the period | 9904 | €76,951 | €2,174 | -€74,777 | -97.2% |
| Profit (loss) for the period to be appropriated | 9905 | €76,951 | €2,174 | -€74,777 | -97.2% |
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 18 October 2026 via checked.be.