VNR-CONCEPT: 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.
VNR-CONCEPT
Largest movements
- Cash +€7,823
up €7,823 (+132%), from €5,908 to €13,731
mainly Net result for the year (+€10,592) and Depreciation (+€7,054)
- Tangible fixed assets -€7,054
down €7,054 (-30.2%), from €23,319 to €16,266
of which Furniture and vehicles: -€6,926
- Receivables within one year +€3,514
up €3,514 (+19.3%), from €18,219 to €21,733
of which Other amounts receivable: +€4,980
- Deferred charges and accrued income +€702
up €702 (+123%), from €569 to €1,271
- Profit (loss) carried forward +€10,592
up €10,592 (+53.8%), from -€19,700 to -€9,108
- Debts after one year -€5,170
down €5,170 (-56.1%), from €9,209 to €4,038
- Trade debts -€785
down €785 (-38.7%), from €2,030 to €1,245
- Gross operating margin +€39,937
up €39,937, from -€20,390 to €19,546
- Depreciation -€843
down €843 (-10.7%), from €7,897 to €7,054
- Other operating charges +€293
up €293 (+40.6%), from €722 to €1,015
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 | €48,016 | €53,000 | +€4,984 | +10.4% |
| Fixed assets | 21/28 | €23,319 | €16,266 | -€7,054 | -30.2% |
| Tangible fixed assets | 22/27 | €23,319 | €16,266 | -€7,054 | -30.2% |
| Furniture and vehicles | 24 | €22,810 | €15,883 | -€6,926 | -30.4% |
| Other tangible fixed assets | 26 | €510 | €382 | -€127 | -25.0% |
| Current assets | 29/58 | €24,696 | €36,735 | +€12,038 | +48.7% |
| Amounts receivable within one year | 40/41 | €18,219 | €21,733 | +€3,514 | +19.3% |
| Trade receivables | 40 | €13,379 | €11,913 | -€1,466 | -11.0% |
| Other amounts receivable | 41 | €4,840 | €9,820 | +€4,980 | +103% |
| Cash at bank and in hand | 54/58 | €5,908 | €13,731 | +€7,823 | +132% |
| Deferred charges and accrued income | 490/1 | €569 | €1,271 | +€702 | +123% |
| Total equity and liabilities | 10/49 | €48,016 | €53,000 | +€4,984 | +10.4% |
| Equity | 10/15 | €31,842 | €42,434 | +€10,592 | +33.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €39,142 | €39,142 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €37,282 | €37,282 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,700 | -€9,108 | +€10,592 | +53.8% |
| Amounts payable | 17/49 | €16,174 | €10,567 | -€5,607 | -34.7% |
| Amounts payable after more than one year | 17 | €9,209 | €4,038 | -€5,170 | -56.1% |
| Financial debts | 170/4 | €9,209 | €4,038 | -€5,170 | -56.1% |
| Amounts payable within one year | 42/48 | €6,965 | €6,528 | -€437 | -6.3% |
| Current portion of amounts payable after more than one year | 42 | €4,936 | €5,170 | +€235 | +4.8% |
| Trade debts | 44 | €2,030 | €1,245 | -€785 | -38.7% |
| Suppliers | 440/4 | €2,030 | €1,245 | -€785 | -38.7% |
| Taxes, remuneration and social security | 45 | €0 | €113 | +€113 | |
| Taxes | 450/3 | €0 | €113 | +€113 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,897 | €7,054 | -€843 | -10.7% |
| Other operating charges | 640/8 | €722 | €1,015 | +€293 | +40.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€20,390 | €19,546 | +€39,937 | |
| Operating profit (loss) | 9901 | -€29,010 | €11,478 | +€40,487 | |
| Financial income | 75/76B | €94 | €49 | -€46 | -48.4% |
| Recurring financial income | 75 | €94 | €49 | -€46 | -48.4% |
| Financial charges | 65/66B | €1,071 | €934 | -€136 | -12.7% |
| Recurring financial charges | 65 | €1,071 | €934 | -€136 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | -€29,986 | €10,592 | +€40,578 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€29,986 | €10,592 | +€40,578 | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,986 | €10,592 | +€40,578 |
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 13 October 2026 via checked.be.