VYTECH DUFFEL: what changed
What changed
VYTECH DUFFEL
NACE 25.530, Machining of metals
filed annual accounts (NBB)
Net result for the year
-€218,987
2024 · -€577,381+€358,394
Equity
-€254,444
2024 · -€423,444+€169,000
Cash
€31,016
2024 · €52,220-€21,204
Balance sheet total
€1.0m
2024 · €1.5m-€498,781
Largest movements
Assets
- Receivables within one year -€345,150
down €345,150 (-42.6%), from €810,504 to €465,355
of which Trade receivables: -€312,237
- Tangible fixed assets -€92,412
down €92,412 (-19.6%), from €471,638 to €379,226
of which Other tangible fixed assets: -€46,434
- Stocks and contracts -€21,242
down €21,242 (-14.0%), from €152,116 to €130,874
of which Stocks: -€35,544
- Cash -€21,204
down €21,204 (-40.6%), from €52,220 to €31,016
mainly Trade debts (-€228,484) and Debts after one year (-€220,330)
Equity and liabilities
- Contributions +€387,987
up €387,987 (+31.3%), from €1.2m to €1.6m
- Trade debts -€228,484
down €228,484 (-52.5%), from €435,580 to €207,097
- Debts after one year -€220,330
down €220,330 (-64.7%), from €340,330 to €120,000
of which Other amounts payable: -€160,330
- Profit (loss) carried forward -€218,987
down €218,987 (-7.1%), from -€3.1m to -€3.3m
- Other debts -€136,751
down €136,751 (-100.0%), from €136,755 to €4
Income statement
- Gross operating margin -€571,031
down €571,031 (-99.3%), from €575,166 to €4,135
- Staff costs -€398,773
down €398,773 (-81.4%), from €489,762 to €90,989
- Financial charges -€180,823
down €180,823 (-77.5%), from €233,389 to €52,566
of which Non-recurring financial charges: -€134,168
- Other operating charges -€38,946
down €38,946 (-86.6%), from €44,971 to €6,025
- Write-downs -€33,976
new in 2025: -€33,976
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€577,381
Gross operating margin
-€571,031
Staff costs
+€398,773
Depreciation
+€6,957
Write-downs
+€33,976
Other operating charges
+€38,946
Other operating items
+€251,519
Financial income
+€18,072
Financial charges
+€180,823
Taxes
+€358
Result 2025
-€218,987
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€203,313
Investment
+€15,872
Financing
+€166,237
Cash 2024
€52,220
From operations (derived)
-€203,313
Net result for the year
-€218,987
Depreciation
+€83,450
Stocks and contracts
+€21,242
Receivables within one year
+€345,150
Deferred charges and accrued income
+€11,864
Trade debts
-€228,484
Tax, wage and social debts
-€80,789
Advances received
+€6,470
Other debts
-€136,751
Accrued charges and deferred income
-€6,478
Investment (derived)
+€15,872
Investment in fixed assets (net)
+€15,872
Financing
+€166,237
Debts after one year
-€220,330
Current portion of long-term debt
-€1,419
Contributions, distributions and other
+€387,987
Cash 2025
€31,016
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,505,491 | €1,006,710 | -€498,781 | -33.1% |
| Fixed assets | 21/28 | €478,547 | €379,226 | -€99,322 | -20.8% |
| Tangible fixed assets | 22/27 | €471,638 | €379,226 | -€92,412 | -19.6% |
| Plant, machinery and equipment | 23 | €33,132 | €16,974 | -€16,158 | -48.8% |
| Furniture and vehicles | 24 | €40,518 | €10,698 | -€29,820 | -73.6% |
| Other tangible fixed assets | 26 | €397,988 | €351,554 | -€46,434 | -11.7% |
| Financial fixed assets | 28 | €6,910 | - | -€6,910 | |
| Current assets | 29/58 | €1,026,943 | €627,484 | -€399,459 | -38.9% |
| Stocks and contracts in progress | 3 | €152,116 | €130,874 | -€21,242 | -14.0% |
| Stocks | 30/36 | €111,653 | €76,109 | -€35,544 | -31.8% |
| Contracts in progress | 37 | €40,463 | €54,765 | +€14,302 | +35.3% |
| Amounts receivable within one year | 40/41 | €810,504 | €465,355 | -€345,150 | -42.6% |
| Trade receivables | 40 | €777,592 | €465,355 | -€312,237 | -40.2% |
| Other amounts receivable | 41 | €32,912 | - | -€32,912 | |
| Cash at bank and in hand | 54/58 | €52,220 | €31,016 | -€21,204 | -40.6% |
| Deferred charges and accrued income | 490/1 | €12,104 | €239 | -€11,864 | -98.0% |
| Total equity and liabilities | 10/49 | €1,505,491 | €1,006,710 | -€498,781 | -33.1% |
| Equity | 10/15 | -€423,444 | -€254,444 | +€169,000 | +39.9% |
| Contributions | 10/11 | €1,240,000 | €1,627,987 | +€387,987 | +31.3% |
| Reserves | 13 | €1,415,481 | €1,415,481 | = | 0.0% |
| Distributable reserves | 133 | €1,415,481 | €1,415,481 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,078,925 | -€3,297,911 | -€218,987 | -7.1% |
| Amounts payable | 17/49 | €1,928,935 | €1,261,154 | -€667,781 | -34.6% |
| Amounts payable after more than one year | 17 | €340,330 | €120,000 | -€220,330 | -64.7% |
| Financial debts | 170/4 | €180,000 | €120,000 | -€60,000 | -33.3% |
| Other amounts payable | 178/9 | €160,330 | - | -€160,330 | |
| Amounts payable within one year | 42/48 | €1,566,848 | €1,125,875 | -€440,973 | -28.1% |
| Current portion of amounts payable after more than one year | 42 | €61,419 | €60,000 | -€1,419 | -2.3% |
| Financial debts | 43 | €850,000 | €850,000 | = | 0.0% |
| Credit institutions | 430/8 | €850,000 | €850,000 | = | 0.0% |
| Trade debts | 44 | €435,580 | €207,097 | -€228,484 | -52.5% |
| Suppliers | 440/4 | €435,580 | €207,097 | -€228,484 | -52.5% |
| Advances received on contracts in progress | 46 | - | €6,470 | +€6,470 | |
| Taxes, remuneration and social security | 45 | €83,093 | €2,304 | -€80,789 | -97.2% |
| Taxes | 450/3 | €35,223 | €2,304 | -€32,918 | -93.5% |
| Remuneration and social security | 454/9 | €47,871 | - | -€47,871 | |
| Other amounts payable | 47/48 | €136,755 | €4 | -€136,751 | -100.0% |
| Accrued charges and deferred income | 492/3 | €21,757 | €15,279 | -€6,478 | -29.8% |
| Non-recurring operating income | 76A | €9,848 | €48,545 | +€38,696 | +393% |
| Remuneration, social security and pensions | 62 | €489,762 | €90,989 | -€398,773 | -81.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,407 | €83,450 | -€6,957 | -7.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€33,976 | -€33,976 | |
| Other operating charges | 640/8 | €44,971 | €6,025 | -€38,946 | -86.6% |
| Non-recurring operating charges | 66A | €294,010 | €42,490 | -€251,519 | -85.5% |
| Gross operating margin | 9900 | €575,166 | €4,135 | -€571,031 | -99.3% |
| Operating profit (loss) | 9901 | -€343,983 | -€184,842 | +€159,141 | +46.3% |
| Financial income | 75/76B | €1,347 | €19,419 | +€18,072 | +1,341% |
| Recurring financial income | 75 | €1,347 | €19,419 | +€18,072 | +1,341% |
| Financial charges | 65/66B | €233,389 | €52,566 | -€180,823 | -77.5% |
| Recurring financial charges | 65 | €99,221 | €52,566 | -€46,655 | -47.0% |
| Non-recurring financial charges | 66B | €134,168 | - | -€134,168 | |
| Profit (loss) for the period before taxes | 9903 | -€576,025 | -€217,989 | +€358,036 | +62.2% |
| Income taxes | 67/77 | €1,356 | €998 | -€358 | -26.4% |
| Profit (loss) for the period | 9904 | -€577,381 | -€218,987 | +€358,394 | +62.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€577,381 | -€218,987 | +€358,394 | +62.1% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.