VTk: 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.
VTk
Largest movements
- Current investments +€399,436
new in 2025: €399,436
- Cash -€216,878
down €216,878 (-72.7%), from €298,325 to €81,447
mainly Current investments (-€399,436) and Receivables within one year (-€206,107)
- Receivables within one year +€206,107
up €206,107 (+1,350%), from €15,264 to €221,372
of which Other amounts receivable: +€197,166
- Tangible fixed assets -€25,557
down €25,557 (-27.1%), from €94,194 to €68,637
of which Furniture and vehicles: -€26,568
- Reserves +€378,787
up €378,787 (+103%), from €367,328 to €746,115
of which Distributable reserves: +€378,787
- Tax, wage and social debts +€14,193
up €14,193 (+52.2%), from €27,183 to €41,376
- Other debts -€12,882
down €12,882 (-15.7%), from €82,029 to €69,146
- Current portion of long-term debt -€9,677
down €9,677 (-56.7%), from €17,056 to €7,379
- Debts after one year -€8,838
down €8,838 (-100%), from €8,838 to €0
- Financial income +€109,397
up €109,397 (+36.6%), from €298,800 to €408,197
- Taxes +€12,444
up €12,444 (+39.2%), from €31,735 to €44,179
- Gross operating margin +€7,923
up €7,923 (+12.9%), from €61,191 to €69,115
- Depreciation +€6,930
up €6,930 (+20.6%), from €33,626 to €40,556
- Financial charges -€744
down €744 (-10.1%), from €7,377 to €6,633
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 | €513,143 | €874,880 | +€361,737 | +70.5% |
| Fixed assets | 21/28 | €194,194 | €168,637 | -€25,557 | -13.2% |
| Tangible fixed assets | 22/27 | €94,194 | €68,637 | -€25,557 | -27.1% |
| Plant, machinery and equipment | 23 | - | €1,011 | +€1,011 | |
| Furniture and vehicles | 24 | €94,194 | €67,626 | -€26,568 | -28.2% |
| Financial fixed assets | 28 | €100,000 | €100,000 | = | 0.0% |
| Current assets | 29/58 | €318,950 | €706,243 | +€387,294 | +121% |
| Amounts receivable within one year | 40/41 | €15,264 | €221,372 | +€206,107 | +1,350% |
| Trade receivables | 40 | €15,264 | €24,205 | +€8,941 | +58.6% |
| Other amounts receivable | 41 | €0 | €197,166 | +€197,166 | |
| Current investments | 50/53 | - | €399,436 | +€399,436 | |
| Cash at bank and in hand | 54/58 | €298,325 | €81,447 | -€216,878 | -72.7% |
| Deferred charges and accrued income | 490/1 | €5,360 | €3,989 | -€1,371 | -25.6% |
| Total equity and liabilities | 10/49 | €513,143 | €874,880 | +€361,737 | +70.5% |
| Equity | 10/15 | €374,028 | €752,815 | +€378,787 | +101% |
| Contributions | 10/11 | €6,700 | €6,700 | = | 0.0% |
| Reserves | 13 | €367,328 | €746,115 | +€378,787 | +103% |
| Non-distributable reserves | 130/1 | €660 | €660 | = | 0.0% |
| Reserves not available under the articles | 1311 | €660 | €660 | = | 0.0% |
| Distributable reserves | 133 | €366,668 | €745,455 | +€378,787 | +103% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €139,116 | €122,066 | -€17,050 | -12.3% |
| Amounts payable after more than one year | 17 | €8,838 | €0 | -€8,838 | -100% |
| Financial debts | 170/4 | €8,838 | €0 | -€8,838 | -100% |
| Amounts payable within one year | 42/48 | €130,278 | €122,066 | -€8,212 | -6.3% |
| Current portion of amounts payable after more than one year | 42 | €17,056 | €7,379 | -€9,677 | -56.7% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €4,010 | €4,164 | +€154 | +3.9% |
| Suppliers | 440/4 | €4,010 | €4,164 | +€154 | +3.9% |
| Taxes, remuneration and social security | 45 | €27,183 | €41,376 | +€14,193 | +52.2% |
| Taxes | 450/3 | €27,183 | €41,376 | +€14,193 | +52.2% |
| Other amounts payable | 47/48 | €82,029 | €69,146 | -€12,882 | -15.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,626 | €40,556 | +€6,930 | +20.6% |
| Other operating charges | 640/8 | €6,854 | €7,156 | +€302 | +4.4% |
| Gross operating margin | 9900 | €61,191 | €69,115 | +€7,923 | +12.9% |
| Operating profit (loss) | 9901 | €20,711 | €21,403 | +€692 | +3.3% |
| Financial income | 75/76B | €298,800 | €408,197 | +€109,397 | +36.6% |
| Recurring financial income | 75 | €298,800 | €408,197 | +€109,397 | +36.6% |
| Financial charges | 65/66B | €7,377 | €6,633 | -€744 | -10.1% |
| Recurring financial charges | 65 | €7,377 | €6,633 | -€744 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €312,135 | €422,967 | +€110,832 | +35.5% |
| Income taxes | 67/77 | €31,735 | €44,179 | +€12,444 | +39.2% |
| Profit (loss) for the period | 9904 | €280,399 | €378,787 | +€98,388 | +35.1% |
| Profit (loss) for the period to be appropriated | 9905 | €280,399 | €378,787 | +€98,388 | +35.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.