VX SYSTEMS: 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.
VX SYSTEMS
Largest movements
- Tangible fixed assets -€30,107
down €30,107 (-7.9%), from €379,317 to €349,210
- Receivables within one year +€14,667
up €14,667 (+252%), from €5,820 to €20,487
of which Trade receivables: +€13,515
- Other debts +€29,815
up €29,815 (+8.3%), from €358,327 to €388,142
- Debts after one year -€28,260
down €28,260 (-32.1%), from €88,063 to €59,803
of which Financial debts: -€28,260
- Trade debts -€21,645
down €21,645 (-47.0%), from €46,023 to €24,378
- Depreciation -€7,273
down €7,273 (-19.5%), from €37,380 to €30,107
- Financial charges -€1,005
down €1,005 (-16.4%), from €6,110 to €5,105
- Other operating charges +€837
up €837 (+5.0%), from €16,800 to €17,637
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.
Derived cash bridge
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 | €759,088 | €746,199 | -€12,888 | -1.7% |
| Fixed assets | 21/28 | €751,157 | €721,050 | -€30,107 | -4.0% |
| Tangible fixed assets | 22/27 | €379,317 | €349,210 | -€30,107 | -7.9% |
| Land and buildings | 22 | €379,317 | €349,210 | -€30,107 | -7.9% |
| Financial fixed assets | 28 | €371,840 | €371,840 | = | 0.0% |
| Current assets | 29/58 | €7,930 | €25,149 | +€17,219 | +217% |
| Amounts receivable within one year | 40/41 | €5,820 | €20,487 | +€14,667 | +252% |
| Trade receivables | 40 | €3,415 | €16,930 | +€13,515 | +396% |
| Other amounts receivable | 41 | €2,404 | €3,557 | +€1,152 | +47.9% |
| Cash at bank and in hand | 54/58 | €754 | €4,416 | +€3,663 | +486% |
| Deferred charges and accrued income | 490/1 | €1,357 | €246 | -€1,111 | -81.8% |
| Total equity and liabilities | 10/49 | €759,088 | €746,199 | -€12,888 | -1.7% |
| Equity | 10/15 | €236,820 | €245,296 | +€8,476 | +3.6% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €135,599 | €136,820 | +€1,221 | +0.9% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €125,599 | €126,820 | +€1,221 | +1.0% |
| Profit (loss) carried forward | 14 | €1,221 | €8,476 | +€7,255 | +594% |
| Amounts payable | 17/49 | €522,268 | €500,903 | -€21,365 | -4.1% |
| Amounts payable after more than one year | 17 | €88,063 | €59,803 | -€28,260 | -32.1% |
| Financial debts | 170/4 | €87,270 | €59,010 | -€28,260 | -32.4% |
| Other amounts payable | 178/9 | €793 | €793 | = | 0.0% |
| Amounts payable within one year | 42/48 | €434,204 | €441,100 | +€6,895 | +1.6% |
| Current portion of amounts payable after more than one year | 42 | €26,910 | €28,260 | +€1,350 | +5.0% |
| Trade debts | 44 | €46,023 | €24,378 | -€21,645 | -47.0% |
| Suppliers | 440/4 | €46,023 | €24,378 | -€21,645 | -47.0% |
| Taxes, remuneration and social security | 45 | €2,944 | €319 | -€2,625 | -89.2% |
| Taxes | 450/3 | €2,944 | €319 | -€2,625 | -89.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €358,327 | €388,142 | +€29,815 | +8.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,380 | €30,107 | -€7,273 | -19.5% |
| Other operating charges | 640/8 | €16,800 | €17,637 | +€837 | +5.0% |
| Gross operating margin | 9900 | €60,865 | €61,325 | +€460 | +0.8% |
| Operating profit (loss) | 9901 | €6,685 | €13,582 | +€6,896 | +103% |
| Financial income | 75/76B | €9 | €0 | -€9 | -100% |
| Recurring financial income | 75 | €9 | €0 | -€9 | -100% |
| Financial charges | 65/66B | €6,110 | €5,105 | -€1,005 | -16.4% |
| Recurring financial charges | 65 | €6,110 | €5,105 | -€1,005 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | €584 | €8,476 | +€7,892 | +1,351% |
| Profit (loss) for the period | 9904 | €584 | €8,476 | +€7,892 | +1,351% |
| Profit (loss) for the period to be appropriated | 9905 | €584 | €8,476 | +€7,892 | +1,351% |
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 20 October 2026 via checked.be.