VT TECHNIEK: 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 TECHNIEK
Largest movements
- Receivables within one year -€16,428
down €16,428 (-36.8%), from €44,700 to €28,272
of which Trade receivables: -€20,561
- Stocks and contracts +€16,204
up €16,204 (+256.6%), from €6,316 to €22,520
of which Stocks: +€16,614
- Cash +€5,866
up €5,866 (+20.0%), from €29,400 to €35,266
mainly Depreciation (+€48,516) and Net result for the year (+€43,647)
- Other debts +€40,112
up €40,112 (+40.5%), from €99,108 to €139,221
- Debts after one year -€35,316
down €35,316 (-15.3%), from €230,474 to €195,158
- Reserves +€13,647
up €13,647 (+10.7%), from €127,980 to €141,627
- Tax, wage and social debts -€12,637
down €12,637 (-71.4%), from €17,706 to €5,069
- Gross operating margin +€20,081
up €20,081 (+19.5%), from €102,798 to €122,880
- Other operating charges -€8,807
down €8,807 (-76.2%), from €11,555 to €2,748
- Depreciation +€5,943
up €5,943 (+14.0%), from €42,573 to €48,516
- Taxes +€5,189
up €5,189 (+95.0%), from €5,464 to €10,653
- Financial charges -€1,555
down €1,555 (-7.8%), from €19,997 to €18,442
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 | €530,082 | €535,711 | +€5,629 | +1.1% |
| Fixed assets | 21/28 | €448,017 | €447,958 | -€59 | 0.0% |
| Tangible fixed assets | 22/27 | €448,017 | €447,958 | -€59 | 0.0% |
| Land and buildings | 22 | €366,122 | €373,796 | +€7,674 | +2.1% |
| Plant, machinery and equipment | 23 | €12,824 | €17,596 | +€4,772 | +37.2% |
| Furniture and vehicles | 24 | €43,578 | €39,094 | -€4,484 | -10.3% |
| Leasing and similar rights | 25 | €25,494 | €17,472 | -€8,022 | -31.5% |
| Current assets | 29/58 | €82,065 | €87,753 | +€5,688 | +6.9% |
| Stocks and contracts in progress | 3 | €6,316 | €22,520 | +€16,204 | +256.6% |
| Stocks | 30/36 | €4,924 | €21,538 | +€16,614 | +337.4% |
| Contracts in progress | 37 | €1,392 | €982 | -€410 | -29.5% |
| Amounts receivable within one year | 40/41 | €44,700 | €28,272 | -€16,428 | -36.8% |
| Trade receivables | 40 | €44,700 | €24,139 | -€20,561 | -46.0% |
| Other amounts receivable | 41 | - | €4,133 | +€4,133 | |
| Cash at bank and in hand | 54/58 | €29,400 | €35,266 | +€5,866 | +20.0% |
| Deferred charges and accrued income | 490/1 | €1,649 | €1,695 | +€46 | +2.8% |
| Total equity and liabilities | 10/49 | €530,082 | €535,711 | +€5,629 | +1.1% |
| Equity | 10/15 | €137,980 | €151,627 | +€13,647 | +9.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €127,980 | €141,627 | +€13,647 | +10.7% |
| Distributable reserves | 133 | €127,980 | €141,627 | +€13,647 | +10.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €392,102 | €384,084 | -€8,018 | -2.0% |
| Amounts payable after more than one year | 17 | €230,474 | €195,158 | -€35,316 | -15.3% |
| Financial debts | 170/4 | €230,474 | €195,158 | -€35,316 | -15.3% |
| Amounts payable within one year | 42/48 | €161,628 | €188,926 | +€27,298 | +16.9% |
| Current portion of amounts payable after more than one year | 42 | €33,626 | €35,113 | +€1,486 | +4.4% |
| Trade debts | 44 | €11,187 | €9,523 | -€1,664 | -14.9% |
| Suppliers | 440/4 | €11,187 | €9,523 | -€1,664 | -14.9% |
| Taxes, remuneration and social security | 45 | €17,706 | €5,069 | -€12,637 | -71.4% |
| Taxes | 450/3 | €17,706 | €5,069 | -€12,637 | -71.4% |
| Other amounts payable | 47/48 | €99,108 | €139,221 | +€40,112 | +40.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,573 | €48,516 | +€5,943 | +14.0% |
| Other operating charges | 640/8 | €11,555 | €2,748 | -€8,807 | -76.2% |
| Gross operating margin | 9900 | €102,798 | €122,880 | +€20,081 | +19.5% |
| Operating profit (loss) | 9901 | €48,670 | €71,616 | +€22,945 | +47.1% |
| Financial income | 75/76B | €309 | €1,127 | +€818 | +265.1% |
| Recurring financial income | 75 | €309 | €1,127 | +€818 | +265.1% |
| Financial charges | 65/66B | €19,997 | €18,442 | -€1,555 | -7.8% |
| Recurring financial charges | 65 | €19,997 | €18,442 | -€1,555 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | €28,982 | €54,301 | +€25,318 | +87.4% |
| Income taxes | 67/77 | €5,464 | €10,653 | +€5,189 | +95.0% |
| Profit (loss) for the period | 9904 | €23,518 | €43,647 | +€20,129 | +85.6% |
| Profit (loss) for the period to be appropriated | 9905 | €23,518 | €43,647 | +€20,129 | +85.6% |
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 6 October 2026 via checked.be.