VT MOTORS: 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 MOTORS
Largest movements
- Stocks and contracts -€46,257
down €46,257 (-63.4%), from €72,923 to €26,666
- Receivables within one year +€40,843
up €40,843 (+64.5%), from €63,303 to €104,146
of which Trade receivables: +€23,313
- Cash +€27,880
up €27,880 (+44.5%), from €62,604 to €90,484
mainly Net result for the year (+€63,355) and Stocks and contracts (+€46,257)
- Tangible fixed assets -€6,709
down €6,709 (-11.6%), from €57,837 to €51,129
of which Plant, machinery and equipment: -€5,602
- Deferred charges and accrued income -€4,094
down €4,094 (-48.1%), from €8,520 to €4,426
- Reserves +€63,355
up €63,355 (+151%), from €42,052 to €105,407
- Other debts -€35,700
down €35,700 (-100%), from €35,700 to €0
- Debts after one year -€27,764
down €27,764 (-37.7%), from €73,552 to €45,787
- Trade debts +€13,897
up €13,897 (+53.9%), from €25,795 to €39,693
- Tax, wage and social debts +€8,394
up €8,394 (+28.6%), from €29,389 to €37,783
of which Remuneration and social security: +€21,266
- Gross operating margin +€43,206
up €43,206 (+19.0%), from €226,946 to €270,151
- Taxes +€7,742
up €7,742 (+74.8%), from €10,357 to €18,099
- Staff costs -€7,314
down €7,314 (-4.5%), from €161,180 to €153,866
- Other operating charges +€5,933
up €5,933 (+76.0%), from €7,807 to €13,739
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 | €265,187 | €276,851 | +€11,664 | +4.4% |
| Fixed assets | 21/28 | €57,837 | €51,129 | -€6,709 | -11.6% |
| Tangible fixed assets | 22/27 | €57,837 | €51,129 | -€6,709 | -11.6% |
| Land and buildings | 22 | €16,994 | €15,661 | -€1,333 | -7.8% |
| Plant, machinery and equipment | 23 | €28,459 | €22,857 | -€5,602 | -19.7% |
| Furniture and vehicles | 24 | €12,385 | €12,611 | +€226 | +1.8% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €207,350 | €225,723 | +€18,373 | +8.9% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €72,923 | €26,666 | -€46,257 | -63.4% |
| Stocks | 30/36 | €72,923 | €26,666 | -€46,257 | -63.4% |
| Amounts receivable within one year | 40/41 | €63,303 | €104,146 | +€40,843 | +64.5% |
| Trade receivables | 40 | €31,239 | €54,552 | +€23,313 | +74.6% |
| Other amounts receivable | 41 | €32,064 | €49,595 | +€17,530 | +54.7% |
| Cash at bank and in hand | 54/58 | €62,604 | €90,484 | +€27,880 | +44.5% |
| Deferred charges and accrued income | 490/1 | €8,520 | €4,426 | -€4,094 | -48.1% |
| Total equity and liabilities | 10/49 | €265,187 | €276,851 | +€11,664 | +4.4% |
| Equity | 10/15 | €47,052 | €110,407 | +€63,355 | +135% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €42,052 | €105,407 | +€63,355 | +151% |
| Distributable reserves | 133 | €42,052 | €105,407 | +€63,355 | +151% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €218,135 | €166,444 | -€51,691 | -23.7% |
| Amounts payable after more than one year | 17 | €73,552 | €45,787 | -€27,764 | -37.7% |
| Financial debts | 170/4 | €73,552 | €45,787 | -€27,764 | -37.7% |
| Amounts payable within one year | 42/48 | €144,584 | €120,657 | -€23,927 | -16.5% |
| Current portion of amounts payable after more than one year | 42 | €26,645 | €20,963 | -€5,682 | -21.3% |
| Financial debts | 43 | €27,054 | €22,218 | -€4,837 | -17.9% |
| Credit institutions | 430/8 | €27,054 | €20,899 | -€6,155 | -22.8% |
| Other loans | 439 | - | €1,318 | +€1,318 | |
| Trade debts | 44 | €25,795 | €39,693 | +€13,897 | +53.9% |
| Suppliers | 440/4 | €25,795 | €39,693 | +€13,897 | +53.9% |
| Taxes, remuneration and social security | 45 | €29,389 | €37,783 | +€8,394 | +28.6% |
| Taxes | 450/3 | €16,247 | €3,375 | -€12,872 | -79.2% |
| Remuneration and social security | 454/9 | €13,142 | €34,408 | +€21,266 | +162% |
| Other amounts payable | 47/48 | €35,700 | €0 | -€35,700 | -100% |
| Non-recurring operating income | 76A | - | €45 | +€45 | |
| Remuneration, social security and pensions | 62 | €161,180 | €153,866 | -€7,314 | -4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,142 | €13,182 | +€40 | +0.3% |
| Other operating charges | 640/8 | €7,807 | €13,739 | +€5,933 | +76.0% |
| Non-recurring operating charges | 66A | €0 | €0 | +€0 | |
| Gross operating margin | 9900 | €226,946 | €270,151 | +€43,206 | +19.0% |
| Operating profit (loss) | 9901 | €44,817 | €89,364 | +€44,547 | +99.4% |
| Financial income | 75/76B | €2,201 | €3,515 | +€1,314 | +59.7% |
| Recurring financial income | 75 | €2,201 | €3,515 | +€1,314 | +59.7% |
| Financial charges | 65/66B | €9,965 | €11,424 | +€1,459 | +14.6% |
| Recurring financial charges | 65 | €9,965 | €11,424 | +€1,459 | +14.6% |
| Profit (loss) for the period before taxes | 9903 | €37,053 | €81,455 | +€44,402 | +120% |
| Income taxes | 67/77 | €10,357 | €18,099 | +€7,742 | +74.8% |
| Profit (loss) for the period | 9904 | €26,696 | €63,355 | +€36,659 | +137% |
| Profit (loss) for the period to be appropriated | 9905 | €26,696 | €63,355 | +€36,659 | +137% |
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 17 October 2026 via checked.be.