VXT déco: 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.
VXT déco
Largest movements
- Tangible fixed assets -€25,810
down €25,810 (-6.8%), from €377,479 to €351,669
of which Land and buildings: -€14,667
- Cash +€5,801
up €5,801 (+18.7%), from €31,077 to €36,879
mainly Depreciation (+€26,604) and Net result for the year (+€4,230)
- Debts after one year -€21,737
down €21,737 (-13.4%), from €162,534 to €140,797
of which Financial debts: -€21,737
- Reserves +€4,200
up €4,200 (+12.4%), from €33,754 to €37,954
- Gross operating margin +€15,178
up €15,178 (+58.7%), from €25,836 to €41,013
- Financial charges +€2,023
up €2,023 (+40.0%), from €5,060 to €7,083
of which Non-recurring financial charges: +€2,490
- Depreciation -€666
down €666 (-2.4%), from €27,269 to €26,604
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 | €417,233 | €393,844 | -€23,388 | -5.6% |
| Fixed assets | 21/28 | €377,621 | €351,811 | -€25,810 | -6.8% |
| Tangible fixed assets | 22/27 | €377,479 | €351,669 | -€25,810 | -6.8% |
| Land and buildings | 22 | €337,821 | €323,154 | -€14,667 | -4.3% |
| Plant, machinery and equipment | 23 | €394 | €835 | +€441 | +112% |
| Furniture and vehicles | 24 | €31,852 | €22,751 | -€9,101 | -28.6% |
| Other tangible fixed assets | 26 | €7,412 | €4,930 | -€2,482 | -33.5% |
| Financial fixed assets | 28 | €142 | €142 | = | 0.0% |
| Current assets | 29/58 | €39,611 | €42,033 | +€2,422 | +6.1% |
| Amounts receivable within one year | 40/41 | €7,700 | €4,034 | -€3,666 | -47.6% |
| Trade receivables | 40 | €6,813 | €1,515 | -€5,298 | -77.8% |
| Other amounts receivable | 41 | €887 | €2,519 | +€1,632 | +184% |
| Cash at bank and in hand | 54/58 | €31,077 | €36,879 | +€5,801 | +18.7% |
| Deferred charges and accrued income | 490/1 | €834 | €1,121 | +€287 | +34.4% |
| Total equity and liabilities | 10/49 | €417,233 | €393,844 | -€23,388 | -5.6% |
| Equity | 10/15 | €123,244 | €127,474 | +€4,230 | +3.4% |
| Contributions | 10/11 | €27,500 | €27,500 | = | 0.0% |
| Reserves | 13 | €33,754 | €37,954 | +€4,200 | +12.4% |
| Distributable reserves | 133 | €33,754 | €37,954 | +€4,200 | +12.4% |
| Profit (loss) carried forward | 14 | €61,989 | €62,020 | +€30 | 0.0% |
| Amounts payable | 17/49 | €293,989 | €266,370 | -€27,619 | -9.4% |
| Amounts payable after more than one year | 17 | €162,534 | €140,797 | -€21,737 | -13.4% |
| Financial debts | 170/4 | €52,534 | €30,797 | -€21,737 | -41.4% |
| Other amounts payable | 178/9 | €110,000 | €110,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €131,455 | €125,573 | -€5,882 | -4.5% |
| Current portion of amounts payable after more than one year | 42 | €21,266 | €21,737 | +€471 | +2.2% |
| Trade debts | 44 | €3,057 | €0 | -€3,057 | -100% |
| Suppliers | 440/4 | €3,057 | €0 | -€3,057 | -100% |
| Advances received on contracts in progress | 46 | €500 | - | -€500 | |
| Taxes, remuneration and social security | 45 | €1,072 | €1,421 | +€349 | +32.5% |
| Taxes | 450/3 | €1,072 | €1,421 | +€349 | +32.5% |
| Other amounts payable | 47/48 | €105,560 | €102,416 | -€3,145 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,269 | €26,604 | -€666 | -2.4% |
| Other operating charges | 640/8 | €2,815 | €2,775 | -€40 | -1.4% |
| Gross operating margin | 9900 | €25,836 | €41,013 | +€15,178 | +58.7% |
| Operating profit (loss) | 9901 | -€4,249 | €11,634 | +€15,883 | |
| Financial income | 75/76B | €401 | €278 | -€124 | -30.8% |
| Recurring financial income | 75 | €401 | €278 | -€124 | -30.8% |
| Financial charges | 65/66B | €5,060 | €7,083 | +€2,023 | +40.0% |
| Recurring financial charges | 65 | €5,060 | €4,593 | -€467 | -9.2% |
| Non-recurring financial charges | 66B | - | €2,490 | +€2,490 | |
| Profit (loss) for the period before taxes | 9903 | -€8,907 | €4,829 | +€13,736 | |
| Income taxes | 67/77 | €276 | €599 | +€322 | +117% |
| Profit (loss) for the period | 9904 | -€9,184 | €4,230 | +€13,414 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,184 | €4,230 | +€13,414 |
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 15 October 2026 via checked.be.