V & R TRADING: 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.
V & R TRADING
Largest movements
- Receivables within one year +€158,432
up €158,432 (+31.8%), from €497,695 to €656,127
of which Other amounts receivable: +€254,932
- Current investments -€150,000
down €150,000 (-100%), from €150,000 to €0
- Cash +€46,107
up €46,107 (+51.0%), from €90,346 to €136,453
mainly Net result for the year (+€189,990) and Current investments (+€150,000)
- Reserves +€189,990
up €189,990 (+7.9%), from €2.4m to €2.6m
of which Distributable reserves: +€189,990
- Debts after one year -€117,872
down €117,872 (-14.2%), from €831,264 to €713,392
- Gross operating margin -€69,266
down €69,266 (-18.4%), from €377,299 to €308,033
- Taxes -€15,699
down €15,699 (-21.5%), from €73,073 to €57,374
- Financial charges -€5,104
down €5,104 (-7.8%), from €65,319 to €60,215
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 | €4,054,657 | €4,108,985 | +€54,328 | +1.3% |
| Fixed assets | 21/28 | €3,316,616 | €3,316,405 | -€211 | 0.0% |
| Tangible fixed assets | 22/27 | €211 | €0 | -€211 | -100% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €211 | €0 | -€211 | -100% |
| Financial fixed assets | 28 | €3,316,405 | €3,316,405 | = | 0.0% |
| Current assets | 29/58 | €738,041 | €792,580 | +€54,539 | +7.4% |
| Amounts receivable within one year | 40/41 | €497,695 | €656,127 | +€158,432 | +31.8% |
| Trade receivables | 40 | €176,360 | €79,860 | -€96,500 | -54.7% |
| Other amounts receivable | 41 | €321,335 | €576,267 | +€254,932 | +79.3% |
| Current investments | 50/53 | €150,000 | €0 | -€150,000 | -100% |
| Cash at bank and in hand | 54/58 | €90,346 | €136,453 | +€46,107 | +51.0% |
| Total equity and liabilities | 10/49 | €4,054,657 | €4,108,985 | +€54,328 | +1.3% |
| Equity | 10/15 | €2,424,893 | €2,614,883 | +€189,990 | +7.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,404,893 | €2,594,883 | +€189,990 | +7.9% |
| 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 | €2,402,893 | €2,592,883 | +€189,990 | +7.9% |
| Amounts payable | 17/49 | €1,629,764 | €1,494,103 | -€135,661 | -8.3% |
| Amounts payable after more than one year | 17 | €831,264 | €713,392 | -€117,872 | -14.2% |
| Financial debts | 170/4 | €831,264 | €713,392 | -€117,872 | -14.2% |
| Amounts payable within one year | 42/48 | €798,500 | €780,711 | -€17,789 | -2.2% |
| Current portion of amounts payable after more than one year | 42 | €143,762 | €144,683 | +€921 | +0.6% |
| Trade debts | 44 | €446 | €1,115 | +€669 | +150% |
| Suppliers | 440/4 | €446 | €1,115 | +€669 | +150% |
| Taxes, remuneration and social security | 45 | €50,639 | €50,623 | -€16 | 0.0% |
| Taxes | 450/3 | €50,639 | €50,623 | -€16 | 0.0% |
| Other amounts payable | 47/48 | €603,653 | €584,290 | -€19,363 | -3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €351 | €211 | -€141 | -40.0% |
| Other operating charges | 640/8 | €1,136 | €1,206 | +€70 | +6.1% |
| Gross operating margin | 9900 | €377,299 | €308,033 | -€69,266 | -18.4% |
| Operating profit (loss) | 9901 | €375,812 | €306,617 | -€69,195 | -18.4% |
| Financial income | 75/76B | - | €962 | +€962 | |
| Recurring financial income | 75 | - | €962 | +€962 | |
| Financial charges | 65/66B | €65,319 | €60,215 | -€5,104 | -7.8% |
| Recurring financial charges | 65 | €65,319 | €60,215 | -€5,104 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | €310,493 | €247,364 | -€63,129 | -20.3% |
| Income taxes | 67/77 | €73,073 | €57,374 | -€15,699 | -21.5% |
| Profit (loss) for the period | 9904 | €237,420 | €189,990 | -€47,430 | -20.0% |
| Profit (loss) for the period to be appropriated | 9905 | €237,420 | €189,990 | -€47,430 | -20.0% |
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 1 November 2026 via checked.be.