VVC TECHNICS: what changed
VVC TECHNICS
Largest movements
- Receivables within one year -€382,691
down €382,691 (-62.5%), from €612,655 to €229,964
of which Other amounts receivable: -€353,853
- Stocks and contracts +€121,314
up €121,314 (+170%), from €71,186 to €192,500
- Cash +€77,752
up €77,752 (+40.8%), from €190,440 to €268,191
mainly Net result for the year (+€390,670) and Receivables within one year (+€382,691)
- Tangible fixed assets +€38,546
up €38,546 (+29.1%), from €132,251 to €170,797
of which Furniture and vehicles: +€52,812
- Deferred charges and accrued income +€11,882
up €11,882 (+294%), from €4,042 to €15,924
- Other debts -€252,785
down €252,785 (-41.3%), from €612,477 to €359,692
- Reserves +€52,000
up €52,000 (+22.8%), from €228,000 to €280,000
of which Distributable reserves: +€52,000
- Debts after one year +€49,968
new in 2025: €49,968
- Tax, wage and social debts -€21,996
down €21,996 (-56.7%), from €38,789 to €16,793
of which Remuneration and social security: -€20,741
- Current portion of long-term debt +€20,735
new in 2025: €20,735
- Gross operating margin +€129,144
up €129,144 (+14.5%), from €888,700 to €1.0m
- Staff costs -€27,407
down €27,407 (-4.8%), from €565,363 to €537,956
- Depreciation +€25,896
up €25,896 (+84.0%), from €30,820 to €56,716
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,010,574 | €877,376 | -€133,198 | -13.2% |
| Fixed assets | 21/28 | €132,251 | €170,797 | +€38,546 | +29.1% |
| Tangible fixed assets | 22/27 | €132,251 | €170,797 | +€38,546 | +29.1% |
| Plant, machinery and equipment | 23 | €9,420 | €4,457 | -€4,963 | -52.7% |
| Furniture and vehicles | 24 | €69,157 | €121,968 | +€52,812 | +76.4% |
| Other tangible fixed assets | 26 | €53,674 | €44,371 | -€9,303 | -17.3% |
| Current assets | 29/58 | €878,323 | €706,579 | -€171,744 | -19.6% |
| Stocks and contracts in progress | 3 | €71,186 | €192,500 | +€121,314 | +170% |
| Stocks | 30/36 | €71,186 | €192,500 | +€121,314 | +170% |
| Amounts receivable within one year | 40/41 | €612,655 | €229,964 | -€382,691 | -62.5% |
| Trade receivables | 40 | €149,731 | €120,892 | -€28,839 | -19.3% |
| Other amounts receivable | 41 | €462,925 | €109,072 | -€353,853 | -76.4% |
| Cash at bank and in hand | 54/58 | €190,440 | €268,191 | +€77,752 | +40.8% |
| Deferred charges and accrued income | 490/1 | €4,042 | €15,924 | +€11,882 | +294% |
| Total equity and liabilities | 10/49 | €1,010,574 | €877,376 | -€133,198 | -13.2% |
| Equity | 10/15 | €279,769 | €330,438 | +€50,670 | +18.1% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €228,000 | €280,000 | +€52,000 | +22.8% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €223,000 | €275,000 | +€52,000 | +23.3% |
| Profit (loss) carried forward | 14 | €1,769 | €438 | -€1,330 | -75.2% |
| Amounts payable | 17/49 | €730,805 | €546,938 | -€183,867 | -25.2% |
| Amounts payable after more than one year | 17 | - | €49,968 | +€49,968 | |
| Financial debts | 170/4 | - | €49,968 | +€49,968 | |
| Amounts payable within one year | 42/48 | €730,805 | €496,970 | -€233,835 | -32.0% |
| Current portion of amounts payable after more than one year | 42 | - | €20,735 | +€20,735 | |
| Trade debts | 44 | €79,540 | €99,750 | +€20,210 | +25.4% |
| Suppliers | 440/4 | €79,540 | €99,750 | +€20,210 | +25.4% |
| Taxes, remuneration and social security | 45 | €38,789 | €16,793 | -€21,996 | -56.7% |
| Taxes | 450/3 | €2,581 | €1,326 | -€1,255 | -48.6% |
| Remuneration and social security | 454/9 | €36,208 | €15,467 | -€20,741 | -57.3% |
| Other amounts payable | 47/48 | €612,477 | €359,692 | -€252,785 | -41.3% |
| Non-recurring operating income | 76A | - | €413 | +€413 | |
| Remuneration, social security and pensions | 62 | €565,363 | €537,956 | -€27,407 | -4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,820 | €56,716 | +€25,896 | +84.0% |
| Other operating charges | 640/8 | €6,214 | €8,543 | +€2,329 | +37.5% |
| Gross operating margin | 9900 | €888,700 | €1,017,844 | +€129,144 | +14.5% |
| Operating profit (loss) | 9901 | €286,302 | €414,629 | +€128,326 | +44.8% |
| Financial income | 75/76B | €10,037 | €1,150 | -€8,887 | -88.5% |
| Recurring financial income | 75 | €10,037 | €1,150 | -€8,887 | -88.5% |
| Financial charges | 65/66B | €501 | €3,644 | +€3,143 | +627% |
| Recurring financial charges | 65 | €501 | €3,644 | +€3,143 | +627% |
| Profit (loss) for the period before taxes | 9903 | €295,838 | €412,135 | +€116,297 | +39.3% |
| Income taxes | 67/77 | €21,546 | €21,465 | -€81 | -0.4% |
| Profit (loss) for the period | 9904 | €274,292 | €390,670 | +€116,378 | +42.4% |
| Profit (loss) for the period to be appropriated | 9905 | €274,292 | €390,670 | +€116,378 | +42.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.