VT TECHNICS: what changed
Two fiscal 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 TECHNICS
Largest movements
- Tangible fixed assets +€120,544
up €120,544 (+16.9%), from €713,999 to €834,542
of which Furniture and vehicles: +€114,454
- Receivables within one year +€43,411
up €43,411 (+19.4%), from €223,663 to €267,074
of which Trade receivables: +€43,009
- Reserves +€82,890
up €82,890 (+70.8%), from €117,070 to €199,960
- Trade debts +€58,444
up €58,444 (+32.2%), from €181,344 to €239,788
- Debts after one year +€18,063
up €18,063 (+3.3%), from €552,518 to €570,581
- Current portion of long-term debt +€13,087
up €13,087 (+20.9%), from €62,478 to €75,565
- Gross operating margin +€219,574
up €219,574 (+85.7%), from €256,157 to €475,731
- Staff costs +€91,100
up €91,100 (+61.0%), from €149,321 to €240,421
- Taxes +€33,149
up €33,149 (+411.9%), from €8,049 to €41,198
- Depreciation +€25,595
up €25,595 (+48.8%), from €52,414 to €78,009
- Other operating charges -€6,294
down €6,294 (-61.1%), from €10,308 to €4,013
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.
Cash bridge derived
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 | €1,063,952 | €1,232,913 | +€168,961 | +15.9% |
| Fixed assets | 21/28 | €713,999 | €834,542 | +€120,544 | +16.9% |
| Tangible fixed assets | 22/27 | €713,999 | €834,542 | +€120,544 | +16.9% |
| Land and buildings | 22 | €611,744 | €606,993 | -€4,751 | -0.8% |
| Plant, machinery and equipment | 23 | €14,860 | €25,701 | +€10,841 | +73.0% |
| Furniture and vehicles | 24 | €87,395 | €201,849 | +€114,454 | +131.0% |
| Current assets | 29/58 | €349,953 | €398,371 | +€48,418 | +13.8% |
| Stocks and contracts in progress | 3 | €20,418 | €23,430 | +€3,012 | +14.8% |
| Stocks | 30/36 | €20,418 | €23,430 | +€3,012 | +14.8% |
| Amounts receivable within one year | 40/41 | €223,663 | €267,074 | +€43,411 | +19.4% |
| Trade receivables | 40 | €180,643 | €223,652 | +€43,009 | +23.8% |
| Other amounts receivable | 41 | €43,020 | €43,422 | +€402 | +0.9% |
| Cash at bank and in hand | 54/58 | €101,482 | €100,522 | -€960 | -0.9% |
| Deferred charges and accrued income | 490/1 | €4,390 | €7,345 | +€2,955 | +67.3% |
| Total equity and liabilities | 10/49 | €1,063,952 | €1,232,913 | +€168,961 | +15.9% |
| Equity | 10/15 | €127,070 | €209,960 | +€82,890 | +65.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €117,070 | €199,960 | +€82,890 | +70.8% |
| Distributable reserves | 133 | €117,070 | €199,960 | +€82,890 | +70.8% |
| Amounts payable | 17/49 | €936,881 | €1,022,953 | +€86,071 | +9.2% |
| Amounts payable after more than one year | 17 | €552,518 | €570,581 | +€18,063 | +3.3% |
| Financial debts | 170/4 | €552,518 | €570,581 | +€18,063 | +3.3% |
| Amounts payable within one year | 42/48 | €384,363 | €452,371 | +€68,008 | +17.7% |
| Current portion of amounts payable after more than one year | 42 | €62,478 | €75,565 | +€13,087 | +20.9% |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Credit institutions | 430/8 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €181,344 | €239,788 | +€58,444 | +32.2% |
| Suppliers | 440/4 | €181,344 | €239,788 | +€58,444 | +32.2% |
| Taxes, remuneration and social security | 45 | €36,843 | €33,569 | -€3,274 | -8.9% |
| Taxes | 450/3 | €30,692 | €24,368 | -€6,324 | -20.6% |
| Remuneration and social security | 454/9 | €6,151 | €9,201 | +€3,050 | +49.6% |
| Other amounts payable | 47/48 | €3,697 | €3,449 | -€248 | -6.7% |
| Non-recurring operating income | 76A | - | €11,483 | +€11,483 | |
| Remuneration, social security and pensions | 62 | €149,321 | €240,421 | +€91,100 | +61.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,414 | €78,009 | +€25,595 | +48.8% |
| Other operating charges | 640/8 | €10,308 | €4,013 | -€6,294 | -61.1% |
| Non-recurring operating charges | 66A | - | €4,444 | +€4,444 | |
| Gross operating margin | 9900 | €256,157 | €475,731 | +€219,574 | +85.7% |
| Operating profit (loss) | 9901 | €44,115 | €148,844 | +€104,730 | +237.4% |
| Financial income | 75/76B | €592 | €274 | -€318 | -53.7% |
| Recurring financial income | 75 | €592 | €274 | -€318 | -53.7% |
| Financial charges | 65/66B | €21,233 | €25,030 | +€3,798 | +17.9% |
| Recurring financial charges | 65 | €20,584 | €25,030 | +€4,447 | +21.6% |
| Non-recurring financial charges | 66B | €649 | - | -€649 | |
| Profit (loss) for the period before taxes | 9903 | €23,474 | €124,088 | +€100,614 | +428.6% |
| Income taxes | 67/77 | €8,049 | €41,198 | +€33,149 | +411.9% |
| Profit (loss) for the period | 9904 | €15,426 | €82,890 | +€67,465 | +437.4% |
| Profit (loss) for the period to be appropriated | 9905 | €15,426 | €82,890 | +€67,465 | +437.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.