VTS CONCEPT: 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.
VTS CONCEPT
Largest movements
- Receivables within one year +€24,562
up €24,562 (+180.2%), from €13,629 to €38,191
of which Other amounts receivable: +€17,325
- Cash +€15,799
up €15,799 (+265.8%), from €5,944 to €21,743
mainly Net result for the year (+€32,240) and Debts after one year (+€14,481)
- Tangible fixed assets +€13,240
up €13,240 (+324.9%), from €4,076 to €17,316
of which Furniture and vehicles: +€13,498
- Deferred charges and accrued income +€9,738
new in 2024: €9,738
- Reserves +€27,000
new in 2024: €27,000
- Debts after one year +€14,481
new in 2024: €14,481
- Tax, wage and social debts +€13,826
up €13,826 (+152.3%), from €9,078 to €22,903
- Current portion of long-term debt +€3,774
new in 2024: €3,774
- Profit (loss) carried forward +€3,240
up €3,240 (+37.7%), from €8,589 to €11,829
- Gross operating margin +€44,182
up €44,182 (+399.0%), from €11,074 to €55,255
- Taxes +€10,333
up €10,333 (+418.9%), from €2,467 to €12,800
- Depreciation +€6,817
up €6,817 (+583.4%), from €1,168 to €7,986
- Financial charges +€1,590
up €1,590 (+1404.0%), from €113 to €1,703
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €23,649 | €86,988 | +€63,339 | +267.8% |
| Fixed assets | 21/28 | €4,076 | €17,316 | +€13,240 | +324.9% |
| Tangible fixed assets | 22/27 | €4,076 | €17,316 | +€13,240 | +324.9% |
| Plant, machinery and equipment | 23 | €997 | €739 | -€258 | -25.8% |
| Furniture and vehicles | 24 | €3,079 | €16,577 | +€13,498 | +438.4% |
| Current assets | 29/58 | €19,573 | €69,672 | +€50,099 | +256.0% |
| Amounts receivable within one year | 40/41 | €13,629 | €38,191 | +€24,562 | +180.2% |
| Trade receivables | 40 | €9,390 | €16,627 | +€7,237 | +77.1% |
| Other amounts receivable | 41 | €4,240 | €21,564 | +€17,325 | +408.6% |
| Cash at bank and in hand | 54/58 | €5,944 | €21,743 | +€15,799 | +265.8% |
| Deferred charges and accrued income | 490/1 | - | €9,738 | +€9,738 | |
| Total equity and liabilities | 10/49 | €23,649 | €86,988 | +€63,339 | +267.8% |
| Equity | 10/15 | €13,590 | €43,830 | +€30,240 | +222.5% |
| Contributions | 10/11 | €5,001 | €5,001 | = | 0.0% |
| Reserves | 13 | - | €27,000 | +€27,000 | |
| Distributable reserves | 133 | - | €27,000 | +€27,000 | |
| Profit (loss) carried forward | 14 | €8,589 | €11,829 | +€3,240 | +37.7% |
| Amounts payable | 17/49 | €10,059 | €43,158 | +€33,099 | +329.0% |
| Amounts payable after more than one year | 17 | - | €14,481 | +€14,481 | |
| Financial debts | 170/4 | - | €14,481 | +€14,481 | |
| Amounts payable within one year | 42/48 | €10,059 | €28,677 | +€18,618 | +185.1% |
| Current portion of amounts payable after more than one year | 42 | - | €3,774 | +€3,774 | |
| Trade debts | 44 | €981 | - | -€981 | |
| Suppliers | 440/4 | €981 | - | -€981 | |
| Taxes, remuneration and social security | 45 | €9,078 | €22,903 | +€13,826 | +152.3% |
| Taxes | 450/3 | €9,078 | €22,903 | +€13,826 | +152.3% |
| Other amounts payable | 47/48 | - | €2,000 | +€2,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,168 | €7,986 | +€6,817 | +583.4% |
| Other operating charges | 640/8 | €367 | €526 | +€159 | +43.3% |
| Gross operating margin | 9900 | €11,074 | €55,255 | +€44,182 | +399.0% |
| Operating profit (loss) | 9901 | €9,538 | €46,743 | +€37,206 | +390.1% |
| Financial income | 75/76B | €7 | €0 | -€7 | -99.7% |
| Recurring financial income | 75 | €7 | €0 | -€7 | -99.7% |
| Financial charges | 65/66B | €113 | €1,703 | +€1,590 | +1404.0% |
| Recurring financial charges | 65 | €113 | €1,703 | +€1,590 | +1404.0% |
| Profit (loss) for the period before taxes | 9903 | €9,431 | €45,040 | +€35,609 | +377.6% |
| Income taxes | 67/77 | €2,467 | €12,800 | +€10,333 | +418.9% |
| Profit (loss) for the period | 9904 | €6,965 | €32,240 | +€25,275 | +362.9% |
| Profit (loss) for the period to be appropriated | 9905 | €6,965 | €32,240 | +€25,275 | +362.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.