VVNT VAN VAECK: 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.
VVNT VAN VAECK
Largest movements
- Receivables within one year +€234,899
up €234,899 (+57.3%), from €409,971 to €644,870
of which Trade receivables: +€218,198
- Intangible fixed assets +€104,707
new in 2025: €104,707
- Stocks and contracts +€104,244
up €104,244 (+84.4%), from €123,558 to €227,802
- Tangible fixed assets +€49,935
up €49,935 (+243.7%), from €20,488 to €70,423
of which Plant, machinery and equipment: +€36,193
- Cash +€19,953
up €19,953 (+33.1%), from €60,324 to €80,277
mainly Debts after one year (+€234,204) and Trade debts (+€136,470)
- Reserves +€440,595
up €440,595 (+7049.5%), from €6,250 to €446,845
of which Distributable reserves: +€440,595
- Profit (loss) carried forward -€423,768
down €423,768 (-100.0%), from €423,768 to €0
- Debts after one year +€234,204
new in 2025: €234,204
- Trade debts +€136,470
up €136,470 (+299.1%), from €45,626 to €182,096
- Current portion of long-term debt +€56,549
new in 2025: €56,549
- Depreciation +€36,068
up €36,068 (+504.8%), from €7,145 to €43,214
- Taxes +€17,862
up €17,862, from -€6,221 to €11,641
- Staff costs -€12,356
down €12,356 (-4.5%), from €273,909 to €261,553
- Gross operating margin +€11,359
up €11,359 (+3.4%), from €335,102 to €346,462
- Other operating charges +€4,876
up €4,876 (+91.8%), from €5,311 to €10,188
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 | €615,879 | €1,137,185 | +€521,306 | +84.6% |
| Fixed assets | 21/28 | €21,839 | €176,482 | +€154,643 | +708.1% |
| Intangible fixed assets | 21 | - | €104,707 | +€104,707 | |
| Tangible fixed assets | 22/27 | €20,488 | €70,423 | +€49,935 | +243.7% |
| Plant, machinery and equipment | 23 | €18,111 | €54,304 | +€36,193 | +199.8% |
| Furniture and vehicles | 24 | €2,377 | €16,119 | +€13,742 | +578.2% |
| Financial fixed assets | 28 | €1,352 | €1,352 | = | 0.0% |
| Current assets | 29/58 | €594,039 | €960,703 | +€366,664 | +61.7% |
| Stocks and contracts in progress | 3 | €123,558 | €227,802 | +€104,244 | +84.4% |
| Stocks | 30/36 | €123,558 | €227,802 | +€104,244 | +84.4% |
| Amounts receivable within one year | 40/41 | €409,971 | €644,870 | +€234,899 | +57.3% |
| Trade receivables | 40 | €346,250 | €564,448 | +€218,198 | +63.0% |
| Other amounts receivable | 41 | €63,721 | €80,423 | +€16,701 | +26.2% |
| Cash at bank and in hand | 54/58 | €60,324 | €80,277 | +€19,953 | +33.1% |
| Deferred charges and accrued income | 490/1 | €186 | €7,754 | +€7,568 | +4061.2% |
| Total equity and liabilities | 10/49 | €615,879 | €1,137,185 | +€521,306 | +84.6% |
| Equity | 10/15 | €492,518 | €509,345 | +€16,828 | +3.4% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €6,250 | €446,845 | +€440,595 | +7049.5% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Distributable reserves | 133 | - | €440,595 | +€440,595 | |
| Profit (loss) carried forward | 14 | €423,768 | €0 | -€423,768 | -100.0% |
| Amounts payable | 17/49 | €123,361 | €627,840 | +€504,478 | +408.9% |
| Amounts payable after more than one year | 17 | - | €234,204 | +€234,204 | |
| Financial debts | 170/4 | - | €234,204 | +€234,204 | |
| Amounts payable within one year | 42/48 | €123,361 | €393,636 | +€270,274 | +219.1% |
| Current portion of amounts payable after more than one year | 42 | - | €56,549 | +€56,549 | |
| Financial debts | 43 | €13,000 | €13,000 | = | 0.0% |
| Credit institutions | 430/8 | €13,000 | €13,000 | = | 0.0% |
| Trade debts | 44 | €45,626 | €182,096 | +€136,470 | +299.1% |
| Suppliers | 440/4 | €45,626 | €182,096 | +€136,470 | +299.1% |
| Taxes, remuneration and social security | 45 | €64,735 | €114,934 | +€50,199 | +77.5% |
| Taxes | 450/3 | €23,744 | €83,740 | +€59,996 | +252.7% |
| Remuneration and social security | 454/9 | €40,991 | €31,194 | -€9,797 | -23.9% |
| Other amounts payable | 47/48 | - | €27,057 | +€27,057 | |
| Remuneration, social security and pensions | 62 | €273,909 | €261,553 | -€12,356 | -4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,145 | €43,214 | +€36,068 | +504.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €721 | +€721 | |
| Other operating charges | 640/8 | €5,311 | €10,188 | +€4,876 | +91.8% |
| Non-recurring operating charges | 66A | - | €53 | +€53 | |
| Gross operating margin | 9900 | €335,102 | €346,462 | +€11,359 | +3.4% |
| Operating profit (loss) | 9901 | €48,737 | €30,734 | -€18,003 | -36.9% |
| Financial income | 75/76B | €825 | €1,306 | +€482 | +58.4% |
| Recurring financial income | 75 | €825 | €1,306 | +€482 | +58.4% |
| Financial charges | 65/66B | €1,233 | €3,571 | +€2,338 | +189.7% |
| Recurring financial charges | 65 | €1,233 | €3,571 | +€2,338 | +189.7% |
| Profit (loss) for the period before taxes | 9903 | €48,328 | €28,469 | -€19,860 | -41.1% |
| Income taxes | 67/77 | -€6,221 | €11,641 | +€17,862 | |
| Profit (loss) for the period | 9904 | €54,549 | €16,828 | -€37,721 | -69.2% |
| Profit (loss) for the period to be appropriated | 9905 | €54,549 | €16,828 | -€37,721 | -69.2% |
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 11 October 2026 via checked.be.