VTECH CONCEPT: 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.
VTECH CONCEPT
Largest movements
- Cash +€3,490
up €3,490 (+23.0%), from €15,154 to €18,645
mainly Tax, wage and social debts (+€11,799) and Depreciation (+€863)
- Deferred charges and accrued income -€701
no longer reported in 2025 (was €701)
- Receivables within one year +€515
new in 2025: €515
- Tangible fixed assets -€410
down €410 (-11.3%), from €3,634 to €3,225
- Tax, wage and social debts +€11,799
up €11,799 (+2610.8%), from €452 to €12,251
of which Remuneration and social security: +€12,000
- Other debts -€8,843
down €8,843 (-68.6%), from €12,884 to €4,041
- Gross operating margin -€2,861
down €2,861 (-64.4%), from €4,439 to €1,579
- Depreciation +€597
up €597 (+224.8%), from €266 to €863
- Other operating charges -€372
down €372 (-48.2%), from €772 to €400
- Financial income +€90
new in 2025: €90
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 | €19,490 | €22,384 | +€2,894 | +14.8% |
| Fixed assets | 21/28 | €3,634 | €3,225 | -€410 | -11.3% |
| Tangible fixed assets | 22/27 | €3,634 | €3,225 | -€410 | -11.3% |
| Plant, machinery and equipment | 23 | €3,634 | €3,225 | -€410 | -11.3% |
| Current assets | 29/58 | €15,856 | €19,160 | +€3,304 | +20.8% |
| Amounts receivable within one year | 40/41 | - | €515 | +€515 | |
| Other amounts receivable | 41 | - | €515 | +€515 | |
| Cash at bank and in hand | 54/58 | €15,154 | €18,645 | +€3,490 | +23.0% |
| Deferred charges and accrued income | 490/1 | €701 | - | -€701 | |
| Total equity and liabilities | 10/49 | €19,490 | €22,384 | +€2,894 | +14.8% |
| Equity | 10/15 | €5,966 | €5,921 | -€45 | -0.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Contributions outside capital | 11 | €3,000 | €3,000 | = | 0.0% |
| Other | 1109/19 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,966 | €2,921 | -€45 | -1.5% |
| Amounts payable | 17/49 | €13,524 | €16,463 | +€2,939 | +21.7% |
| Amounts payable within one year | 42/48 | €13,524 | €16,463 | +€2,939 | +21.7% |
| Trade debts | 44 | €187 | €171 | -€16 | -8.7% |
| Suppliers | 440/4 | €187 | €171 | -€16 | -8.7% |
| Taxes, remuneration and social security | 45 | €452 | €12,251 | +€11,799 | +2610.8% |
| Taxes | 450/3 | €452 | €251 | -€201 | -44.5% |
| Remuneration and social security | 454/9 | - | €12,000 | +€12,000 | |
| Other amounts payable | 47/48 | €12,884 | €4,041 | -€8,843 | -68.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €266 | €863 | +€597 | +224.8% |
| Other operating charges | 640/8 | €772 | €400 | -€372 | -48.2% |
| Gross operating margin | 9900 | €4,439 | €1,579 | -€2,861 | -64.4% |
| Operating profit (loss) | 9901 | €3,402 | €316 | -€3,086 | -90.7% |
| Financial income | 75/76B | - | €90 | +€90 | |
| Recurring financial income | 75 | - | €90 | +€90 | |
| Financial charges | 65/66B | €165 | €200 | +€35 | +21.4% |
| Recurring financial charges | 65 | €165 | €200 | +€35 | +21.4% |
| Profit (loss) for the period before taxes | 9903 | €3,237 | €205 | -€3,031 | -93.7% |
| Income taxes | 67/77 | €270 | €251 | -€20 | -7.3% |
| Profit (loss) for the period | 9904 | €2,966 | -€45 | -€3,012 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,966 | -€45 | -€3,012 |
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 11 October 2026 via checked.be.