VT Solide: 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 Solide
Largest movements
- Receivables within one year -€59,638
down €59,638 (-66.2%), from €90,146 to €30,508
of which Other amounts receivable: -€84,638
- Cash -€57,512
down €57,512 (-59.9%), from €95,971 to €38,458
mainly Contributions, distributions and other (-€166,125) and Trade debts (-€77,757)
- Tangible fixed assets +€8,224
up €8,224 (+16.3%), from €50,582 to €58,807
of which Other tangible fixed assets: +€30,857
- Trade debts -€77,757
down €77,757 (-93.2%), from €83,449 to €5,691
- Reserves -€69,316
down €69,316 (-41.7%), from €166,125 to €96,809
- Other debts +€34,525
up €34,525, from €0 to €34,525
- Debts after one year -€33,526
down €33,526 (-28.7%), from €116,868 to €83,342
- Advances received +€30,250
new in 2025: €30,250
- Gross operating margin +€164,134
up €164,134 (+3,231%), from €5,080 to €169,215
- Taxes +€19,492
up €19,492 (+128%), from €15,252 to €34,744
- Other operating charges +€13,089
up €13,089 (+586%), from €2,233 to €15,322
- Financial income -€4,339
down €4,339 (-95.1%), from €4,563 to €225
- Financial charges +€3,565
up €3,565 (+73.7%), from €4,838 to €8,403
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 | €442,389 | €337,767 | -€104,622 | -23.6% |
| Fixed assets | 21/28 | €252,682 | €260,907 | +€8,224 | +3.3% |
| Tangible fixed assets | 22/27 | €50,582 | €58,807 | +€8,224 | +16.3% |
| Plant, machinery and equipment | 23 | €17,397 | €5,425 | -€11,972 | -68.8% |
| Furniture and vehicles | 24 | €31,311 | €20,650 | -€10,661 | -34.0% |
| Other tangible fixed assets | 26 | €1,875 | €32,732 | +€30,857 | +1,646% |
| Financial fixed assets | 28 | €202,100 | €202,100 | = | 0.0% |
| Current assets | 29/58 | €189,706 | €76,860 | -€112,846 | -59.5% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €90,146 | €30,508 | -€59,638 | -66.2% |
| Trade receivables | 40 | €5,000 | €30,000 | +€25,000 | +500% |
| Other amounts receivable | 41 | €85,146 | €508 | -€84,638 | -99.4% |
| Cash at bank and in hand | 54/58 | €95,971 | €38,458 | -€57,512 | -59.9% |
| Deferred charges and accrued income | 490/1 | €3,590 | €7,894 | +€4,304 | +120% |
| Total equity and liabilities | 10/49 | €442,389 | €337,767 | -€104,622 | -23.6% |
| Equity | 10/15 | €178,525 | €109,209 | -€69,316 | -38.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €166,125 | €96,809 | -€69,316 | -41.7% |
| Distributable reserves | 133 | €166,125 | €96,809 | -€69,316 | -41.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €263,864 | €228,558 | -€35,306 | -13.4% |
| Amounts payable after more than one year | 17 | €116,868 | €83,342 | -€33,526 | -28.7% |
| Financial debts | 170/4 | €116,868 | €83,342 | -€33,526 | -28.7% |
| Amounts payable within one year | 42/48 | €146,996 | €145,216 | -€1,780 | -1.2% |
| Current portion of amounts payable after more than one year | 42 | €32,281 | €33,526 | +€1,245 | +3.9% |
| Trade debts | 44 | €83,449 | €5,691 | -€77,757 | -93.2% |
| Suppliers | 440/4 | €83,449 | €5,691 | -€77,757 | -93.2% |
| Advances received on contracts in progress | 46 | - | €30,250 | +€30,250 | |
| Taxes, remuneration and social security | 45 | €31,267 | €41,223 | +€9,956 | +31.8% |
| Taxes | 450/3 | €31,267 | €41,223 | +€9,956 | +31.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | €34,525 | +€34,525 | |
| Non-recurring operating income | 76A | - | €32,973 | +€32,973 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,857 | €14,161 | -€2,696 | -16.0% |
| Other operating charges | 640/8 | €2,233 | €15,322 | +€13,089 | +586% |
| Gross operating margin | 9900 | €5,080 | €169,215 | +€164,134 | +3,231% |
| Operating profit (loss) | 9901 | -€14,009 | €139,732 | +€153,741 | |
| Financial income | 75/76B | €4,563 | €225 | -€4,339 | -95.1% |
| Recurring financial income | 75 | €4,563 | €225 | -€4,339 | -95.1% |
| Financial charges | 65/66B | €4,838 | €8,403 | +€3,565 | +73.7% |
| Recurring financial charges | 65 | €4,838 | €8,403 | +€3,565 | +73.7% |
| Profit (loss) for the period before taxes | 9903 | -€14,284 | €131,553 | +€145,837 | |
| Income taxes | 67/77 | €15,252 | €34,744 | +€19,492 | +128% |
| Profit (loss) for the period | 9904 | -€29,536 | €96,809 | +€126,345 | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,536 | €96,809 | +€126,345 |
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 25 October 2026 via checked.be.