V.R. SERVICES SPRL: 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.
What changed
V.R. SERVICES SPRL
NACE 46.140, Agents in the wholesale of industrial machinery, ships and aircraft
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€57,829
2024 · €32,086+€25,743
Equity
€24,856
2024 · -€32,973+€57,829
Cash
€1,265
2024 · €1,602-€336
Balance sheet total
€352,141
2024 · €285,466+€66,675
Largest movements
Assets
- Stocks and contracts +€44,201
up €44,201 (+21.1%), from €209,768 to €253,969
- Tangible fixed assets +€14,622
up €14,622 (+46.0%), from €31,771 to €46,392
of which Furniture and vehicles: +€23,318
- Receivables within one year +€7,381
up €7,381 (+17.6%), from €41,884 to €49,265
of which Trade receivables: +€6,102
Equity and liabilities
- Profit (loss) carried forward +€57,829
up €57,829 (+91.8%), from -€62,973 to -€5,144
- Trade debts -€22,176
down €22,176 (-28.3%), from €78,467 to €56,291
- Other debts +€14,941
up €14,941 (+36.7%), from €40,678 to €55,619
- Short-term financial debts +€14,146
up €14,146, from €0 to €14,146
- Current portion of long-term debt +€11,480
up €11,480 (+23.1%), from €49,723 to €61,204
Income statement
- Gross operating margin +€21,135
up €21,135 (+24.5%), from €86,416 to €107,551
- Other operating charges -€8,038
down €8,038 (-63.4%), from €12,671 to €4,633
- Depreciation +€3,545
up €3,545 (+23.7%), from €14,961 to €18,505
- Financial charges -€1,918
down €1,918 (-14.4%), from €13,315 to €11,397
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.
Result 2024
€32,086
Gross operating margin
+€21,135
Staff costs
+€182
Depreciation
-€3,545
Write-downs
-€636
Other operating charges
+€8,038
Other operating items
-€1,327
Financial income
-€22
Financial charges
+€1,918
Result 2025
€57,829
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€18,286
Investment
-€34,377
Financing
+€15,754
Cash 2024
€1,602
From operations (derived)
+€18,286
Net result for the year
+€57,829
Depreciation
+€18,505
Stocks and contracts
-€44,201
Receivables within one year
-€7,381
Deferred charges and accrued income
+€442
Trade debts
-€22,176
Tax, wage and social debts
-€1,824
Advances received
+€2,150
Other debts
+€14,941
Investment (derived)
-€34,377
Investment in fixed assets (net)
-€34,377
Financing
+€15,754
Debts after one year
-€9,872
Current portion of long-term debt
+€11,480
Short-term financial debts
+€14,146
Cash 2025
€1,265
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €285,466 | €352,141 | +€66,675 | +23.4% |
| Fixed assets | 21/28 | €31,771 | €47,642 | +€15,872 | +50.0% |
| Tangible fixed assets | 22/27 | €31,771 | €46,392 | +€14,622 | +46.0% |
| Land and buildings | 22 | €16,828 | €12,243 | -€4,585 | -27.2% |
| Plant, machinery and equipment | 23 | €6,270 | €6,167 | -€103 | -1.6% |
| Furniture and vehicles | 24 | €4,665 | €27,983 | +€23,318 | +500% |
| Leasing and similar rights | 25 | €4,008 | €0 | -€4,008 | -100% |
| Financial fixed assets | 28 | - | €1,250 | +€1,250 | |
| Current assets | 29/58 | €253,695 | €304,499 | +€50,803 | +20.0% |
| Stocks and contracts in progress | 3 | €209,768 | €253,969 | +€44,201 | +21.1% |
| Stocks | 30/36 | €209,768 | €253,969 | +€44,201 | +21.1% |
| Amounts receivable within one year | 40/41 | €41,884 | €49,265 | +€7,381 | +17.6% |
| Trade receivables | 40 | €40,362 | €46,464 | +€6,102 | +15.1% |
| Other amounts receivable | 41 | €1,521 | €2,800 | +€1,279 | +84.0% |
| Cash at bank and in hand | 54/58 | €1,602 | €1,265 | -€336 | -21.0% |
| Deferred charges and accrued income | 490/1 | €442 | €0 | -€442 | -100% |
| Total equity and liabilities | 10/49 | €285,466 | €352,141 | +€66,675 | +23.4% |
| Equity | 10/15 | -€32,973 | €24,856 | +€57,829 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€62,973 | -€5,144 | +€57,829 | +91.8% |
| Amounts payable | 17/49 | €318,439 | €327,285 | +€8,846 | +2.8% |
| Amounts payable after more than one year | 17 | €143,801 | €133,930 | -€9,872 | -6.9% |
| Financial debts | 170/4 | €143,801 | €133,930 | -€9,872 | -6.9% |
| Amounts payable within one year | 42/48 | €172,853 | €191,570 | +€18,717 | +10.8% |
| Current portion of amounts payable after more than one year | 42 | €49,723 | €61,204 | +€11,480 | +23.1% |
| Financial debts | 43 | €0 | €14,146 | +€14,146 | |
| Credit institutions | 430/8 | €0 | €14,146 | +€14,146 | |
| Trade debts | 44 | €78,467 | €56,291 | -€22,176 | -28.3% |
| Suppliers | 440/4 | €78,467 | €56,291 | -€22,176 | -28.3% |
| Advances received on contracts in progress | 46 | - | €2,150 | +€2,150 | |
| Taxes, remuneration and social security | 45 | €3,984 | €2,161 | -€1,824 | -45.8% |
| Taxes | 450/3 | €3,228 | €1,968 | -€1,260 | -39.0% |
| Remuneration and social security | 454/9 | €757 | €192 | -€564 | -74.6% |
| Other amounts payable | 47/48 | €40,678 | €55,619 | +€14,941 | +36.7% |
| Accrued charges and deferred income | 492/3 | €1,786 | €1,786 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €13,733 | €13,551 | -€182 | -1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,961 | €18,505 | +€3,545 | +23.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €636 | +€636 | |
| Other operating charges | 640/8 | €12,671 | €4,633 | -€8,038 | -63.4% |
| Non-recurring operating charges | 66A | - | €1,327 | +€1,327 | |
| Gross operating margin | 9900 | €86,416 | €107,551 | +€21,135 | +24.5% |
| Operating profit (loss) | 9901 | €45,051 | €68,899 | +€23,848 | +52.9% |
| Financial income | 75/76B | €350 | €328 | -€22 | -6.3% |
| Recurring financial income | 75 | €350 | €328 | -€22 | -6.3% |
| Financial charges | 65/66B | €13,315 | €11,397 | -€1,918 | -14.4% |
| Recurring financial charges | 65 | €13,315 | €11,397 | -€1,918 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | €32,086 | €57,829 | +€25,743 | +80.2% |
| Profit (loss) for the period | 9904 | €32,086 | €57,829 | +€25,743 | +80.2% |
| Profit (loss) for the period to be appropriated | 9905 | €32,086 | €57,829 | +€25,743 | +80.2% |
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 30 October 2026 via checked.be.