VR AUTOMOTIVE: 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.
VR AUTOMOTIVE
Largest movements
- Receivables within one year -€58,199
down €58,199 (-49.4%), from €117,820 to €59,621
of which Trade receivables: -€69,193
- Tangible fixed assets -€5,744
down €5,744 (-25.2%), from €22,831 to €17,088
of which Plant, machinery and equipment: -€4,319
- Cash -€2,972
down €2,972 (-52.0%), from €5,715 to €2,743
mainly Trade debts (-€61,105) and Tax, wage and social debts (-€8,654)
- Trade debts -€61,105
down €61,105 (-81.7%), from €74,829 to €13,724
- Tax, wage and social debts -€8,654
down €8,654 (-46.2%), from €18,729 to €10,075
of which Taxes: -€6,071
- Profit (loss) carried forward +€5,797
up €5,797, from -€104 to €5,693
- Other debts -€3,452
down €3,452 (-9.4%), from €36,912 to €33,460
- Gross operating margin -€11,907
down €11,907 (-33.4%), from €35,604 to €23,697
- Write-downs -€10,297
no longer reported in 2025 (was €10,297)
- Staff costs -€6,951
down €6,951 (-47.8%), from €14,533 to €7,582
- Other operating charges -€3,289
down €3,289 (-59.6%), from €5,522 to €2,233
- Taxes +€1,192
up €1,192 (+133%), from €895 to €2,087
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 | €146,866 | €79,451 | -€67,415 | -45.9% |
| Fixed assets | 21/28 | €23,331 | €17,088 | -€6,244 | -26.8% |
| Tangible fixed assets | 22/27 | €22,831 | €17,088 | -€5,744 | -25.2% |
| Plant, machinery and equipment | 23 | €18,557 | €14,238 | -€4,319 | -23.3% |
| Furniture and vehicles | 24 | €4,274 | €2,849 | -€1,425 | -33.3% |
| Financial fixed assets | 28 | €500 | - | -€500 | |
| Current assets | 29/58 | €123,535 | €62,364 | -€61,171 | -49.5% |
| Amounts receivable within one year | 40/41 | €117,820 | €59,621 | -€58,199 | -49.4% |
| Trade receivables | 40 | €116,406 | €47,213 | -€69,193 | -59.4% |
| Other amounts receivable | 41 | €1,414 | €12,408 | +€10,994 | +777% |
| Cash at bank and in hand | 54/58 | €5,715 | €2,743 | -€2,972 | -52.0% |
| Total equity and liabilities | 10/49 | €146,866 | €79,451 | -€67,415 | -45.9% |
| Equity | 10/15 | €16,396 | €22,193 | +€5,797 | +35.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €11,500 | €11,500 | = | 0.0% |
| Distributable reserves | 133 | €11,500 | €11,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€104 | €5,693 | +€5,797 | |
| Amounts payable | 17/49 | €130,471 | €57,259 | -€73,212 | -56.1% |
| Amounts payable within one year | 42/48 | €130,471 | €57,259 | -€73,212 | -56.1% |
| Trade debts | 44 | €74,829 | €13,724 | -€61,105 | -81.7% |
| Suppliers | 440/4 | €74,829 | €13,724 | -€61,105 | -81.7% |
| Taxes, remuneration and social security | 45 | €18,729 | €10,075 | -€8,654 | -46.2% |
| Taxes | 450/3 | €16,146 | €10,075 | -€6,071 | -37.6% |
| Remuneration and social security | 454/9 | €2,583 | - | -€2,583 | |
| Other amounts payable | 47/48 | €36,912 | €33,460 | -€3,452 | -9.4% |
| Remuneration, social security and pensions | 62 | €14,533 | €7,582 | -€6,951 | -47.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,744 | €5,744 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,297 | - | -€10,297 | |
| Other operating charges | 640/8 | €5,522 | €2,233 | -€3,289 | -59.6% |
| Gross operating margin | 9900 | €35,604 | €23,697 | -€11,907 | -33.4% |
| Operating profit (loss) | 9901 | -€491 | €8,138 | +€8,629 | |
| Financial income | 75/76B | €32 | €61 | +€29 | +92.0% |
| Recurring financial income | 75 | €32 | €61 | +€29 | +92.0% |
| Financial charges | 65/66B | €509 | €314 | -€195 | -38.3% |
| Recurring financial charges | 65 | €509 | €314 | -€195 | -38.3% |
| Profit (loss) for the period before taxes | 9903 | -€968 | €7,884 | +€8,852 | |
| Income taxes | 67/77 | €895 | €2,087 | +€1,192 | +133% |
| Profit (loss) for the period | 9904 | -€1,863 | €5,797 | +€7,660 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,863 | €5,797 | +€7,660 |
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 28 October 2026 via checked.be.