VTweb: 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.
VTweb
Largest movements
- Cash +€15,801
up €15,801 (+31.3%), from €50,548 to €66,349
mainly Net result for the year (+€49,667) and Depreciation (+€10,530)
- Tangible fixed assets -€10,530
down €10,530 (-25.7%), from €40,937 to €30,407
of which Furniture and vehicles: -€10,187
- Receivables within one year -€5,919
down €5,919 (-34.0%), from €17,405 to €11,486
of which Other amounts receivable: -€6,191
- Current investments +€2,029
up €2,029 (+8.0%), from €25,503 to €27,533
- Accrued charges and deferred income +€1,539
up €1,539 (+68.4%), from €2,251 to €3,791
- Gross operating margin +€8,456
up €8,456 (+12.9%), from €65,451 to €73,908
- Financial charges +€4,057
up €4,057, from -€4,005 to €52
- Taxes +€1,893
up €1,893 (+16.6%), from €11,378 to €13,271
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 | €136,100 | €138,297 | +€2,198 | +1.6% |
| Fixed assets | 21/28 | €41,082 | €30,552 | -€10,530 | -25.6% |
| Tangible fixed assets | 22/27 | €40,937 | €30,407 | -€10,530 | -25.7% |
| Plant, machinery and equipment | 23 | €1,365 | €1,022 | -€343 | -25.1% |
| Furniture and vehicles | 24 | €39,572 | €29,385 | -€10,187 | -25.7% |
| Financial fixed assets | 28 | €145 | €145 | = | 0.0% |
| Current assets | 29/58 | €95,017 | €107,745 | +€12,728 | +13.4% |
| Amounts receivable within one year | 40/41 | €17,405 | €11,486 | -€5,919 | -34.0% |
| Trade receivables | 40 | €11,214 | €11,486 | +€272 | +2.4% |
| Other amounts receivable | 41 | €6,191 | - | -€6,191 | |
| Current investments | 50/53 | €25,503 | €27,533 | +€2,029 | +8.0% |
| Cash at bank and in hand | 54/58 | €50,548 | €66,349 | +€15,801 | +31.3% |
| Deferred charges and accrued income | 490/1 | €1,560 | €2,377 | +€817 | +52.3% |
| Total equity and liabilities | 10/49 | €136,100 | €138,297 | +€2,198 | +1.6% |
| Equity | 10/15 | €73,726 | €73,726 | = | 0.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €70,726 | €70,726 | = | 0.0% |
| Distributable reserves | 133 | €70,726 | €70,726 | = | 0.0% |
| Amounts payable | 17/49 | €62,374 | €64,572 | +€2,198 | +3.5% |
| Amounts payable within one year | 42/48 | €60,123 | €60,781 | +€658 | +1.1% |
| Trade debts | 44 | €1,326 | €713 | -€613 | -46.2% |
| Suppliers | 440/4 | €1,326 | €713 | -€613 | -46.2% |
| Taxes, remuneration and social security | 45 | €6,914 | €7,238 | +€324 | +4.7% |
| Taxes | 450/3 | €6,914 | €7,238 | +€324 | +4.7% |
| Other amounts payable | 47/48 | €51,883 | €52,830 | +€947 | +1.8% |
| Accrued charges and deferred income | 492/3 | €2,251 | €3,791 | +€1,539 | +68.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,810 | €10,530 | -€280 | -2.6% |
| Other operating charges | 640/8 | - | €387 | +€387 | |
| Gross operating margin | 9900 | €65,451 | €73,908 | +€8,456 | +12.9% |
| Operating profit (loss) | 9901 | €54,642 | €62,990 | +€8,349 | +15.3% |
| Financial income | 75/76B | €227 | - | -€227 | |
| Recurring financial income | 75 | €227 | - | -€227 | |
| Financial charges | 65/66B | -€4,005 | €52 | +€4,057 | |
| Recurring financial charges | 65 | -€4,005 | €52 | +€4,057 | |
| Profit (loss) for the period before taxes | 9903 | €58,873 | €62,938 | +€4,065 | +6.9% |
| Income taxes | 67/77 | €11,378 | €13,271 | +€1,893 | +16.6% |
| Profit (loss) for the period | 9904 | €47,495 | €49,667 | +€2,172 | +4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €47,495 | €49,667 | +€2,172 | +4.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.