VTECH CONCEPT: what changed
VTECH CONCEPT
Largest movements
- Cash +€3,490
up €3,490 (+23.0%), from €15,154 to €18,645
mainly Tax, wage and social debts (+€11,799) and Depreciation (+€863)
- Deferred charges and accrued income -€701
no longer reported in 2025 (was €701)
- Receivables within one year +€515
new in 2025: €515
- Tangible fixed assets -€410
down €410 (-11.3%), from €3,634 to €3,225
- Tax, wage and social debts +€11,799
up €11,799 (+2,611%), from €452 to €12,251
of which Remuneration and social security: +€12,000
- Other debts -€8,843
down €8,843 (-68.6%), from €12,884 to €4,041
- Gross operating margin -€2,861
down €2,861 (-64.4%), from €4,439 to €1,579
- Depreciation +€597
up €597 (+225%), from €266 to €863
- Other operating charges -€372
down €372 (-48.2%), from €772 to €400
- Financial income +€90
new in 2025: €90
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,490 | €22,384 | +€2,894 | +14.8% |
| Fixed assets | 21/28 | €3,634 | €3,225 | -€410 | -11.3% |
| Tangible fixed assets | 22/27 | €3,634 | €3,225 | -€410 | -11.3% |
| Plant, machinery and equipment | 23 | €3,634 | €3,225 | -€410 | -11.3% |
| Current assets | 29/58 | €15,856 | €19,160 | +€3,304 | +20.8% |
| Amounts receivable within one year | 40/41 | - | €515 | +€515 | |
| Other amounts receivable | 41 | - | €515 | +€515 | |
| Cash at bank and in hand | 54/58 | €15,154 | €18,645 | +€3,490 | +23.0% |
| Deferred charges and accrued income | 490/1 | €701 | - | -€701 | |
| Total equity and liabilities | 10/49 | €19,490 | €22,384 | +€2,894 | +14.8% |
| Equity | 10/15 | €5,966 | €5,921 | -€45 | -0.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Contributions outside capital | 11 | €3,000 | €3,000 | = | 0.0% |
| Other | 1109/19 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,966 | €2,921 | -€45 | -1.5% |
| Amounts payable | 17/49 | €13,524 | €16,463 | +€2,939 | +21.7% |
| Amounts payable within one year | 42/48 | €13,524 | €16,463 | +€2,939 | +21.7% |
| Trade debts | 44 | €187 | €171 | -€16 | -8.7% |
| Suppliers | 440/4 | €187 | €171 | -€16 | -8.7% |
| Taxes, remuneration and social security | 45 | €452 | €12,251 | +€11,799 | +2,611% |
| Taxes | 450/3 | €452 | €251 | -€201 | -44.5% |
| Remuneration and social security | 454/9 | - | €12,000 | +€12,000 | |
| Other amounts payable | 47/48 | €12,884 | €4,041 | -€8,843 | -68.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €266 | €863 | +€597 | +225% |
| Other operating charges | 640/8 | €772 | €400 | -€372 | -48.2% |
| Gross operating margin | 9900 | €4,439 | €1,579 | -€2,861 | -64.4% |
| Operating profit (loss) | 9901 | €3,402 | €316 | -€3,086 | -90.7% |
| Financial income | 75/76B | - | €90 | +€90 | |
| Recurring financial income | 75 | - | €90 | +€90 | |
| Financial charges | 65/66B | €165 | €200 | +€35 | +21.4% |
| Recurring financial charges | 65 | €165 | €200 | +€35 | +21.4% |
| Profit (loss) for the period before taxes | 9903 | €3,237 | €205 | -€3,031 | -93.7% |
| Income taxes | 67/77 | €270 | €251 | -€20 | -7.3% |
| Profit (loss) for the period | 9904 | €2,966 | -€45 | -€3,012 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,966 | -€45 | -€3,012 |
Next steps
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 2 November 2026 via checked.be.