V.R. Loc.: what changed
V.R. Loc.
Largest movements
- Cash -€26,340
down €26,340 (-99.7%), from €26,422 to €82
mainly Trade debts (-€30,741) and Other debts (-€9,523)
- Stocks and contracts -€7,398
down €7,398 (-100%), from €7,398 to €0
of which Contracts in progress: -€6,829
- Tangible fixed assets -€6,888
down €6,888 (-100%), from €6,888 to €0
of which Plant, machinery and equipment: -€6,888
- Deferred charges and accrued income -€1,761
down €1,761 (-100%), from €1,761 to €0
- Receivables within one year +€739
up €739 (+7.9%), from €9,420 to €10,159
- Trade debts -€30,741
down €30,741 (-86.1%), from €35,697 to €4,956
- Other debts -€9,523
down €9,523 (-100%), from €9,523 to €0
- Tax, wage and social debts -€1,633
down €1,633 (-93.2%), from €1,752 to €119
of which Remuneration and social security: -€1,637
- Gross operating margin -€27,381
down €27,381 (-93.9%), from €29,149 to €1,768
- Financial charges -€2,846
down €2,846, from €2,846 to -€0
- Depreciation -€1,632
down €1,632 (-100%), from €1,632 to €0
Change in the result, 2025 to 2026
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 2025 and 2026 balance sheets and the 2026 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 | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €51,888 | €10,241 | -€41,647 | -80.3% |
| Fixed assets | 21/28 | €6,888 | €0 | -€6,888 | -100% |
| Tangible fixed assets | 22/27 | €6,888 | €0 | -€6,888 | -100% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €6,888 | €0 | -€6,888 | -100% |
| Current assets | 29/58 | €45,000 | €10,241 | -€34,759 | -77.2% |
| Stocks and contracts in progress | 3 | €7,398 | €0 | -€7,398 | -100% |
| Stocks | 30/36 | €569 | €0 | -€569 | -100% |
| Contracts in progress | 37 | €6,829 | €0 | -€6,829 | -100% |
| Amounts receivable within one year | 40/41 | €9,420 | €10,159 | +€739 | +7.9% |
| Other amounts receivable | 41 | €9,420 | €10,159 | +€739 | +7.9% |
| Cash at bank and in hand | 54/58 | €26,422 | €82 | -€26,340 | -99.7% |
| Deferred charges and accrued income | 490/1 | €1,761 | €0 | -€1,761 | -100% |
| Total equity and liabilities | 10/49 | €51,888 | €10,241 | -€41,647 | -80.3% |
| Equity | 10/15 | €4,915 | €5,166 | +€250 | +5.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €2,415 | €2,666 | +€250 | +10.4% |
| Distributable reserves | 133 | €2,415 | €2,666 | +€250 | +10.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €46,972 | €5,075 | -€41,897 | -89.2% |
| Amounts payable within one year | 42/48 | €46,972 | €5,075 | -€41,897 | -89.2% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €35,697 | €4,956 | -€30,741 | -86.1% |
| Suppliers | 440/4 | €35,697 | €4,956 | -€30,741 | -86.1% |
| Taxes, remuneration and social security | 45 | €1,752 | €119 | -€1,633 | -93.2% |
| Taxes | 450/3 | €115 | €119 | +€4 | +3.1% |
| Remuneration and social security | 454/9 | €1,637 | €0 | -€1,637 | -100% |
| Other amounts payable | 47/48 | €9,523 | €0 | -€9,523 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,632 | €0 | -€1,632 | -100% |
| Other operating charges | 640/8 | €523 | €642 | +€119 | +22.7% |
| Gross operating margin | 9900 | €29,149 | €1,768 | -€27,381 | -93.9% |
| Operating profit (loss) | 9901 | €26,993 | €1,126 | -€25,867 | -95.8% |
| Financial charges | 65/66B | €2,846 | -€0 | -€2,846 | |
| Recurring financial charges | 65 | €2,846 | -€0 | -€2,846 | |
| Profit (loss) for the period before taxes | 9903 | €24,147 | €1,126 | -€23,021 | -95.3% |
| Income taxes | 67/77 | €1,096 | €876 | -€221 | -20.1% |
| Profit (loss) for the period | 9904 | €23,051 | €250 | -€22,801 | -98.9% |
| Profit (loss) for the period to be appropriated | 9905 | €23,051 | €250 | -€22,801 | -98.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.