VVTRONICS: what changed
Two fiscal 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.
VVTRONICS
Largest movements
- Cash +€57,285
up €57,285 (+77.7%), from €73,706 to €130,991
mainly Net result for the year (+€44,340) and Depreciation (+€28,321)
- Tangible fixed assets -€26,759
down €26,759 (-24.1%), from €110,831 to €84,072
of which Furniture and vehicles: -€25,759
- Stocks and contracts -€11,749
down €11,749 (-40.1%), from €29,283 to €17,535
- Receivables within one year -€5,217
down €5,217 (-15.1%), from €34,526 to €29,309
of which Trade receivables: -€3,466
- Profit (loss) carried forward +€44,340
up €44,340 (+36.7%), from €120,784 to €165,125
- Other debts -€19,455
down €19,455 (-26.8%), from €72,464 to €53,009
- Tax, wage and social debts -€14,454
down €14,454 (-49.2%), from €29,389 to €14,935
- Trade debts +€2,953
up €2,953 (+13.2%), from €22,375 to €25,329
- Staff costs +€26,892
up €26,892 (+91.3%), from €29,455 to €56,347
- Gross operating margin +€11,388
up €11,388 (+8.6%), from €131,748 to €143,135
- Depreciation +€7,111
up €7,111 (+33.5%), from €21,210 to €28,321
- Taxes -€3,780
down €3,780 (-25.3%), from €14,935 to €11,155
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 | €248,347 | €261,907 | +€13,560 | +5.5% |
| Fixed assets | 21/28 | €110,831 | €84,072 | -€26,759 | -24.1% |
| Tangible fixed assets | 22/27 | €110,831 | €84,072 | -€26,759 | -24.1% |
| Plant, machinery and equipment | 23 | €1,667 | €667 | -€1,000 | -60.0% |
| Furniture and vehicles | 24 | €109,165 | €83,405 | -€25,759 | -23.6% |
| Current assets | 29/58 | €137,515 | €177,835 | +€40,319 | +29.3% |
| Stocks and contracts in progress | 3 | €29,283 | €17,535 | -€11,749 | -40.1% |
| Stocks | 30/36 | €29,283 | €17,535 | -€11,749 | -40.1% |
| Amounts receivable within one year | 40/41 | €34,526 | €29,309 | -€5,217 | -15.1% |
| Trade receivables | 40 | €21,632 | €18,167 | -€3,466 | -16.0% |
| Other amounts receivable | 41 | €12,894 | €11,142 | -€1,751 | -13.6% |
| Cash at bank and in hand | 54/58 | €73,706 | €130,991 | +€57,285 | +77.7% |
| Total equity and liabilities | 10/49 | €248,347 | €261,907 | +€13,560 | +5.5% |
| Equity | 10/15 | €121,784 | €166,125 | +€44,340 | +36.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €120,784 | €165,125 | +€44,340 | +36.7% |
| Amounts payable | 17/49 | €126,562 | €95,782 | -€30,780 | -24.3% |
| Amounts payable within one year | 42/48 | €124,229 | €93,272 | -€30,956 | -24.9% |
| Trade debts | 44 | €22,375 | €25,329 | +€2,953 | +13.2% |
| Suppliers | 440/4 | €22,375 | €25,329 | +€2,953 | +13.2% |
| Taxes, remuneration and social security | 45 | €29,389 | €14,935 | -€14,454 | -49.2% |
| Taxes | 450/3 | €29,389 | €14,935 | -€14,454 | -49.2% |
| Other amounts payable | 47/48 | €72,464 | €53,009 | -€19,455 | -26.8% |
| Accrued charges and deferred income | 492/3 | €2,334 | €2,509 | +€176 | +7.5% |
| Remuneration, social security and pensions | 62 | €29,455 | €56,347 | +€26,892 | +91.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,210 | €28,321 | +€7,111 | +33.5% |
| Other operating charges | 640/8 | €380 | €186 | -€194 | -51.1% |
| Gross operating margin | 9900 | €131,748 | €143,135 | +€11,388 | +8.6% |
| Operating profit (loss) | 9901 | €80,702 | €58,281 | -€22,421 | -27.8% |
| Financial income | 75/76B | €63 | - | -€63 | |
| Recurring financial income | 75 | €63 | - | -€63 | |
| Financial charges | 65/66B | €2,384 | €2,786 | +€402 | +16.9% |
| Recurring financial charges | 65 | €2,384 | €2,786 | +€402 | +16.9% |
| Profit (loss) for the period before taxes | 9903 | €78,381 | €55,495 | -€22,886 | -29.2% |
| Income taxes | 67/77 | €14,935 | €11,155 | -€3,780 | -25.3% |
| Profit (loss) for the period | 9904 | €63,446 | €44,340 | -€19,106 | -30.1% |
| Profit (loss) for the period to be appropriated | 9905 | €63,446 | €44,340 | -€19,106 | -30.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.