VTX: 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.
VTX
Largest movements
- Tangible fixed assets -€36,754
down €36,754 (-5.4%), from €677,665 to €640,910
of which Land and buildings: -€22,865
- Cash +€7,190
up €7,190 (+35.4%), from €20,327 to €27,517
mainly Depreciation (+€49,694) and Net result for the year (+€2,220)
- Debts after one year -€22,191
down €22,191 (-50.5%), from €43,939 to €21,749
- Tax, wage and social debts -€9,413
down €9,413 (-30.0%), from €31,413 to €22,000
of which Taxes: -€8,413
- Turnover -€116,115
no longer reported in 2025 (was €116,115)
- Purchases and services -€51,987
no longer reported in 2025 (was €51,987)
- Gross operating margin -€39,380
down €39,380 (-38.3%), from €102,827 to €63,447
- Taxes -€12,075
down €12,075 (-92.5%), from €13,052 to €977
- Other operating charges +€1,683
up €1,683 (+33.1%), from €5,080 to €6,762
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 | €711,688 | €681,195 | -€30,493 | -4.3% |
| Fixed assets | 21/28 | €677,665 | €640,910 | -€36,754 | -5.4% |
| Tangible fixed assets | 22/27 | €677,665 | €640,910 | -€36,754 | -5.4% |
| Land and buildings | 22 | €632,569 | €609,704 | -€22,865 | -3.6% |
| Plant, machinery and equipment | 23 | €2,576 | - | -€2,576 | |
| Furniture and vehicles | 24 | €42,520 | €31,206 | -€11,314 | -26.6% |
| Current assets | 29/58 | €34,024 | €40,285 | +€6,261 | +18.4% |
| Amounts receivable within one year | 40/41 | €13,697 | €12,768 | -€929 | -6.8% |
| Trade receivables | 40 | €2,617 | €5,864 | +€3,247 | +124.1% |
| Other amounts receivable | 41 | €11,079 | €6,903 | -€4,176 | -37.7% |
| Cash at bank and in hand | 54/58 | €20,327 | €27,517 | +€7,190 | +35.4% |
| Total equity and liabilities | 10/49 | €711,688 | €681,195 | -€30,493 | -4.3% |
| Equity | 10/15 | €573,340 | €573,894 | +€554 | +0.1% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Capital | 10 | €19,000 | €19,000 | = | 0.0% |
| Issued capital | 100 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Legal reserve | 130 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €552,340 | €552,894 | +€554 | +0.1% |
| Amounts payable | 17/49 | €138,348 | €107,302 | -€31,047 | -22.4% |
| Amounts payable after more than one year | 17 | €43,939 | €21,749 | -€22,191 | -50.5% |
| Financial debts | 170/4 | €43,939 | €21,749 | -€22,191 | -50.5% |
| Amounts payable within one year | 42/48 | €94,409 | €85,553 | -€8,856 | -9.4% |
| Current portion of amounts payable after more than one year | 42 | €25,457 | €25,991 | +€534 | +2.1% |
| Trade debts | 44 | - | €254 | +€254 | |
| Suppliers | 440/4 | - | €254 | +€254 | |
| Taxes, remuneration and social security | 45 | €31,413 | €22,000 | -€9,413 | -30.0% |
| Taxes | 450/3 | €8,913 | €500 | -€8,413 | -94.4% |
| Remuneration and social security | 454/9 | €22,500 | €21,500 | -€1,000 | -4.4% |
| Other amounts payable | 47/48 | €37,539 | €37,308 | -€232 | -0.6% |
| Turnover | 70 | €116,115 | - | -€116,115 | |
| Non-recurring operating income | 76A | €10 | - | -€10 | |
| Goods, raw materials, services and sundry goods | 60/61 | €51,987 | - | -€51,987 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,369 | €49,694 | +€1,325 | +2.7% |
| Other operating charges | 640/8 | €5,080 | €6,762 | +€1,683 | +33.1% |
| Non-recurring operating charges | 66A | €1,951 | €503 | -€1,449 | -74.2% |
| Gross operating margin | 9900 | €102,827 | €63,447 | -€39,380 | -38.3% |
| Operating profit (loss) | 9901 | €47,427 | €6,488 | -€40,939 | -86.3% |
| Financial income | 75/76B | €10 | €48 | +€38 | +385.9% |
| Recurring financial income | 75 | €10 | €48 | +€38 | +385.9% |
| Financial charges | 65/66B | €2,904 | €3,338 | +€435 | +15.0% |
| Recurring financial charges | 65 | €2,904 | €3,338 | +€435 | +15.0% |
| Profit (loss) for the period before taxes | 9903 | €44,533 | €3,197 | -€41,336 | -92.8% |
| Income taxes | 67/77 | €13,052 | €977 | -€12,075 | -92.5% |
| Profit (loss) for the period | 9904 | €31,481 | €2,220 | -€29,261 | -92.9% |
| Profit (loss) for the period to be appropriated | 9905 | €31,481 | €2,220 | -€29,261 | -92.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.