VTS TECHNICS: 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.
VTS TECHNICS
Largest movements
- Receivables within one year +€54,195
up €54,195 (+156.3%), from €34,682 to €88,877
of which Other amounts receivable: +€40,523
- Stocks and contracts +€26,924
up €26,924 (+30.5%), from €88,288 to €115,213
- Tangible fixed assets -€24,882
down €24,882 (-6.0%), from €418,010 to €393,128
of which Land and buildings: -€14,212
- Receivables after one year -€19,101
down €19,101 (-21.3%), from €89,829 to €70,728
- Trade debts +€14,956
up €14,956 (+44.0%), from €33,954 to €48,910
- Debts after one year +€13,193
up €13,193 (+3.2%), from €408,369 to €421,562
- Reserves +€9,354
up €9,354 (+13.5%), from €69,252 to €78,607
- Financial charges -€25,312
down €25,312 (-35.3%), from €71,650 to €46,338
of which Financial charges: -€25,312
- Taxes +€9,385
up €9,385 (+605.7%), from €1,549 to €10,934
- Other operating charges -€5,696
down €5,696 (-56.5%), from €10,084 to €4,388
- Depreciation +€1,250
up €1,250 (+3.6%), from €34,782 to €36,032
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 | €647,290 | €683,828 | +€36,538 | +5.6% |
| Fixed assets | 21/28 | €418,010 | €393,128 | -€24,882 | -6.0% |
| Tangible fixed assets | 22/27 | €418,010 | €393,128 | -€24,882 | -6.0% |
| Land and buildings | 22 | €340,173 | €325,962 | -€14,212 | -4.2% |
| Plant, machinery and equipment | 23 | €28,729 | €35,376 | +€6,647 | +23.1% |
| Furniture and vehicles | 24 | €195 | €142 | -€53 | -27.0% |
| Leasing and similar rights | 25 | €14,140 | €5,807 | -€8,333 | -58.9% |
| Other tangible fixed assets | 26 | €34,772 | €25,841 | -€8,931 | -25.7% |
| Current assets | 29/58 | €229,280 | €290,700 | +€61,420 | +26.8% |
| Amounts receivable after more than one year | 29 | €89,829 | €70,728 | -€19,101 | -21.3% |
| Other amounts receivable | 291 | €89,829 | €70,728 | -€19,101 | -21.3% |
| Stocks and contracts in progress | 3 | €88,288 | €115,213 | +€26,924 | +30.5% |
| Stocks | 30/36 | €88,288 | €115,213 | +€26,924 | +30.5% |
| Amounts receivable within one year | 40/41 | €34,682 | €88,877 | +€54,195 | +156.3% |
| Trade receivables | 40 | €19,356 | €33,028 | +€13,672 | +70.6% |
| Other amounts receivable | 41 | €15,326 | €55,849 | +€40,523 | +264.4% |
| Cash at bank and in hand | 54/58 | €12,707 | €12,058 | -€649 | -5.1% |
| Deferred charges and accrued income | 490/1 | €3,774 | €3,824 | +€50 | +1.3% |
| Total equity and liabilities | 10/49 | €647,290 | €683,828 | +€36,538 | +5.6% |
| Equity | 10/15 | €167,447 | €176,802 | +€9,354 | +5.6% |
| Contributions | 10/11 | €85,600 | €85,600 | = | 0.0% |
| Reserves | 13 | €69,252 | €78,607 | +€9,354 | +13.5% |
| Distributable reserves | 133 | €69,252 | €78,607 | +€9,354 | +13.5% |
| Profit (loss) carried forward | 14 | €12,595 | €12,595 | = | 0.0% |
| Amounts payable | 17/49 | €479,842 | €507,026 | +€27,184 | +5.7% |
| Amounts payable after more than one year | 17 | €408,369 | €421,562 | +€13,193 | +3.2% |
| Financial debts | 170/4 | €408,369 | €421,562 | +€13,193 | +3.2% |
| Amounts payable within one year | 42/48 | €71,473 | €85,464 | +€13,991 | +19.6% |
| Current portion of amounts payable after more than one year | 42 | €22,575 | €24,726 | +€2,151 | +9.5% |
| Trade debts | 44 | €33,954 | €48,910 | +€14,956 | +44.0% |
| Suppliers | 440/4 | €33,954 | €48,910 | +€14,956 | +44.0% |
| Taxes, remuneration and social security | 45 | €14,910 | €11,828 | -€3,082 | -20.7% |
| Taxes | 450/3 | €14,910 | €11,828 | -€3,082 | -20.7% |
| Other amounts payable | 47/48 | €35 | €0 | -€35 | -100.0% |
| Non-recurring operating income | 76A | €1,350 | €5,000 | +€3,650 | +270.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,782 | €36,032 | +€1,250 | +3.6% |
| Other operating charges | 640/8 | €10,084 | €4,388 | -€5,696 | -56.5% |
| Gross operating margin | 9900 | €117,086 | €116,161 | -€926 | -0.8% |
| Operating profit (loss) | 9901 | €72,220 | €75,740 | +€3,521 | +4.9% |
| Financial income | 75/76B | €116 | €886 | +€770 | +664.4% |
| Recurring financial income | 75 | €116 | €886 | +€770 | +664.4% |
| Financial charges | 65/66B | €71,650 | €46,338 | -€25,312 | -35.3% |
| Recurring financial charges | 65 | €52,550 | €27,238 | -€25,312 | -48.2% |
| Non-recurring financial charges | 66B | €19,101 | €19,101 | -€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €685 | €30,289 | +€29,603 | +4318.8% |
| Income taxes | 67/77 | €1,549 | €10,934 | +€9,385 | +605.7% |
| Profit (loss) for the period | 9904 | -€864 | €19,354 | +€20,218 | |
| Profit (loss) for the period to be appropriated | 9905 | -€864 | €19,354 | +€20,218 |
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 12 October 2026 via checked.be.