V.R.V.: 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.V.
Largest movements
- Tangible fixed assets -€24,583
down €24,583 (-5.4%), from €454,356 to €429,773
of which Land and buildings: -€15,246
- Debts after one year -€32,709
down €32,709 (-9.4%), from €349,761 to €317,052
- Profit (loss) carried forward +€9,250
up €9,250, from -€9,250 to €0
- Gross operating margin +€2,883
up €2,883 (+6.7%), from €42,754 to €45,637
- Taxes +€739
new in 2025: €739
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 | €463,053 | €442,966 | -€20,088 | -4.3% |
| Fixed assets | 21/28 | €454,356 | €429,773 | -€24,583 | -5.4% |
| Tangible fixed assets | 22/27 | €454,356 | €429,773 | -€24,583 | -5.4% |
| Land and buildings | 22 | €435,682 | €420,436 | -€15,246 | -3.5% |
| Plant, machinery and equipment | 23 | €4,174 | €2,087 | -€2,087 | -50.0% |
| Furniture and vehicles | 24 | €14,500 | €7,250 | -€7,250 | -50.0% |
| Current assets | 29/58 | €8,697 | €13,192 | +€4,495 | +51.7% |
| Amounts receivable within one year | 40/41 | €71 | €687 | +€617 | +874% |
| Trade receivables | 40 | €71 | €687 | +€617 | +874% |
| Cash at bank and in hand | 54/58 | €6,650 | €9,569 | +€2,919 | +43.9% |
| Deferred charges and accrued income | 490/1 | €1,977 | €2,936 | +€959 | +48.5% |
| Total equity and liabilities | 10/49 | €463,053 | €442,966 | -€20,088 | -4.3% |
| Equity | 10/15 | €80,750 | €92,016 | +€11,267 | +14.0% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Reserves | 13 | - | €2,016 | +€2,016 | |
| Distributable reserves | 133 | - | €2,016 | +€2,016 | |
| Profit (loss) carried forward | 14 | -€9,250 | €0 | +€9,250 | |
| Amounts payable | 17/49 | €382,304 | €350,949 | -€31,354 | -8.2% |
| Amounts payable after more than one year | 17 | €349,761 | €317,052 | -€32,709 | -9.4% |
| Financial debts | 170/4 | €349,761 | €317,052 | -€32,709 | -9.4% |
| Amounts payable within one year | 42/48 | €32,093 | €33,448 | +€1,355 | +4.2% |
| Current portion of amounts payable after more than one year | 42 | €32,093 | €32,709 | +€616 | +1.9% |
| Taxes, remuneration and social security | 45 | - | €739 | +€739 | |
| Taxes | 450/3 | - | €739 | +€739 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €450 | €450 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,583 | €24,583 | = | 0.0% |
| Other operating charges | 640/8 | €1,710 | €1,762 | +€52 | +3.0% |
| Gross operating margin | 9900 | €42,754 | €45,637 | +€2,883 | +6.7% |
| Operating profit (loss) | 9901 | €16,462 | €19,293 | +€2,831 | +17.2% |
| Financial charges | 65/66B | €7,611 | €7,287 | -€323 | -4.2% |
| Recurring financial charges | 65 | €7,611 | €7,287 | -€323 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | €8,851 | €12,005 | +€3,154 | +35.6% |
| Income taxes | 67/77 | - | €739 | +€739 | |
| Profit (loss) for the period | 9904 | €8,851 | €11,267 | +€2,416 | +27.3% |
| Profit (loss) for the period to be appropriated | 9905 | €8,851 | €11,267 | +€2,416 | +27.3% |
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 17 October 2026 via checked.be.