VW TechnX: 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.
VW TechnX
Largest movements
- Cash +€32,421
up €32,421 (+52.3%), from €61,989 to €94,410
mainly Net result for the year (+€37,251) and Depreciation (+€6,921)
- Receivables within one year +€9,006
up €9,006 (+85.1%), from €10,579 to €19,586
- Tangible fixed assets -€6,921
down €6,921 (-24.0%), from €28,832 to €21,911
of which Leasing and similar rights: -€6,288
- Reserves +€37,251
up €37,251 (+70.9%), from €52,516 to €89,767
- Other debts +€5,209
up €5,209 (+102.0%), from €5,106 to €10,314
- Tax, wage and social debts -€5,089
down €5,089 (-23.7%), from €21,458 to €16,368
of which Taxes: -€2,589
- Debts after one year -€4,355
down €4,355 (-28.6%), from €15,217 to €10,862
- Trade debts +€1,730
up €1,730 (+412.1%), from €420 to €2,149
- Gross operating margin -€16,376
down €16,376 (-23.2%), from €70,602 to €54,226
- Taxes -€3,097
down €3,097 (-24.9%), from €12,462 to €9,365
- Depreciation +€2,414
up €2,414 (+53.5%), from €4,508 to €6,921
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 | €101,401 | €136,316 | +€34,916 | +34.4% |
| Fixed assets | 21/28 | €28,832 | €21,911 | -€6,921 | -24.0% |
| Tangible fixed assets | 22/27 | €28,832 | €21,911 | -€6,921 | -24.0% |
| Plant, machinery and equipment | 23 | €1,377 | €744 | -€633 | -46.0% |
| Leasing and similar rights | 25 | €27,455 | €21,167 | -€6,288 | -22.9% |
| Current assets | 29/58 | €72,569 | €114,406 | +€41,837 | +57.7% |
| Amounts receivable within one year | 40/41 | €10,579 | €19,586 | +€9,006 | +85.1% |
| Trade receivables | 40 | €10,579 | €19,586 | +€9,006 | +85.1% |
| Cash at bank and in hand | 54/58 | €61,989 | €94,410 | +€32,421 | +52.3% |
| Deferred charges and accrued income | 490/1 | - | €410 | +€410 | |
| Total equity and liabilities | 10/49 | €101,401 | €136,316 | +€34,916 | +34.4% |
| Equity | 10/15 | €55,016 | €92,267 | +€37,251 | +67.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €52,516 | €89,767 | +€37,251 | +70.9% |
| Distributable reserves | 133 | €52,516 | €89,767 | +€37,251 | +70.9% |
| Amounts payable | 17/49 | €46,385 | €44,049 | -€2,336 | -5.0% |
| Amounts payable after more than one year | 17 | €15,217 | €10,862 | -€4,355 | -28.6% |
| Financial debts | 170/4 | €15,217 | €10,862 | -€4,355 | -28.6% |
| Amounts payable within one year | 42/48 | €31,168 | €33,187 | +€2,019 | +6.5% |
| Current portion of amounts payable after more than one year | 42 | €4,184 | €4,355 | +€170 | +4.1% |
| Trade debts | 44 | €420 | €2,149 | +€1,730 | +412.1% |
| Suppliers | 440/4 | €420 | €2,149 | +€1,730 | +412.1% |
| Taxes, remuneration and social security | 45 | €21,458 | €16,368 | -€5,089 | -23.7% |
| Taxes | 450/3 | €18,958 | €16,368 | -€2,589 | -13.7% |
| Remuneration and social security | 454/9 | €2,500 | €0 | -€2,500 | -100.0% |
| Other amounts payable | 47/48 | €5,106 | €10,314 | +€5,209 | +102.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,508 | €6,921 | +€2,414 | +53.5% |
| Other operating charges | 640/8 | €426 | €257 | -€169 | -39.7% |
| Gross operating margin | 9900 | €70,602 | €54,226 | -€16,376 | -23.2% |
| Operating profit (loss) | 9901 | €65,668 | €47,047 | -€18,621 | -28.4% |
| Financial income | 75/76B | €58 | €363 | +€304 | +521.2% |
| Recurring financial income | 75 | €58 | €363 | +€304 | +521.2% |
| Financial charges | 65/66B | €748 | €794 | +€45 | +6.1% |
| Recurring financial charges | 65 | €748 | €794 | +€45 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | €64,978 | €46,616 | -€18,362 | -28.3% |
| Income taxes | 67/77 | €12,462 | €9,365 | -€3,097 | -24.9% |
| Profit (loss) for the period | 9904 | €52,516 | €37,251 | -€15,264 | -29.1% |
| Profit (loss) for the period to be appropriated | 9905 | €52,516 | €37,251 | -€15,264 | -29.1% |
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.