VTE INTERNATIONAAL: 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.
VTE INTERNATIONAAL
Largest movements
- Tangible fixed assets +€11,318
up €11,318 (+5.3%), from €211,757 to €223,074
of which Land and buildings: +€7,752
- Other debts +€27,797
up €27,797 (+13.1%), from €211,851 to €239,648
- Profit (loss) carried forward -€16,014
down €16,014 (-27.9%), from -€57,459 to -€73,473
- Gross operating margin -€1,808
down €1,808 (-21.5%), from €8,414 to €6,607
- Depreciation +€1,619
up €1,619 (+11.1%), from €14,571 to €16,190
- Other operating charges +€837
up €837 (+68.4%), from €1,224 to €2,061
- Financial charges +€138
up €138 (+3.3%), from €4,231 to €4,369
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 | €216,774 | €228,598 | +€11,825 | +5.5% |
| Fixed assets | 21/28 | €211,757 | €223,074 | +€11,318 | +5.3% |
| Tangible fixed assets | 22/27 | €211,757 | €223,074 | +€11,318 | +5.3% |
| Land and buildings | 22 | €203,459 | €211,211 | +€7,752 | +3.8% |
| Plant, machinery and equipment | 23 | €7,644 | €7,249 | -€395 | -5.2% |
| Furniture and vehicles | 24 | €654 | €4,614 | +€3,961 | +606.0% |
| Current assets | 29/58 | €5,017 | €5,524 | +€507 | +10.1% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €4,504 | €4,986 | +€482 | +10.7% |
| Deferred charges and accrued income | 490/1 | €513 | €538 | +€25 | +4.9% |
| Total equity and liabilities | 10/49 | €216,774 | €228,598 | +€11,825 | +5.5% |
| Equity | 10/15 | €4,793 | -€11,221 | -€16,014 | |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €252 | €252 | = | 0.0% |
| Non-distributable reserves | 130/1 | €252 | €252 | = | 0.0% |
| Reserves not available under the articles | 1311 | €252 | €252 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€57,459 | -€73,473 | -€16,014 | -27.9% |
| Amounts payable | 17/49 | €211,981 | €239,819 | +€27,838 | +13.1% |
| Amounts payable within one year | 42/48 | €211,981 | €239,819 | +€27,838 | +13.1% |
| Trade debts | 44 | €130 | €171 | +€41 | +31.5% |
| Suppliers | 440/4 | €130 | €171 | +€41 | +31.5% |
| Other amounts payable | 47/48 | €211,851 | €239,648 | +€27,797 | +13.1% |
| Non-recurring operating income | 76A | €550 | €0 | -€550 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,571 | €16,190 | +€1,619 | +11.1% |
| Other operating charges | 640/8 | €1,224 | €2,061 | +€837 | +68.4% |
| Gross operating margin | 9900 | €8,414 | €6,607 | -€1,808 | -21.5% |
| Operating profit (loss) | 9901 | -€7,380 | -€11,644 | -€4,264 | -57.8% |
| Financial charges | 65/66B | €4,231 | €4,369 | +€138 | +3.3% |
| Recurring financial charges | 65 | €4,231 | €4,369 | +€138 | +3.3% |
| Profit (loss) for the period before taxes | 9903 | -€11,611 | -€16,014 | -€4,402 | -37.9% |
| Profit (loss) for the period | 9904 | -€11,611 | -€16,014 | -€4,402 | -37.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,611 | -€16,014 | -€4,402 | -37.9% |
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 30 September 2026 via checked.be.