VR Base Franchise: 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 Base Franchise
Largest movements
- Receivables within one year -€253,295
down €253,295 (-79.8%), from €317,298 to €64,003
of which Other amounts receivable: -€255,601
- Other debts -€188,814
down €188,814 (-98.6%), from €191,442 to €2,628
- Trade debts -€54,210
down €54,210 (-62.7%), from €86,502 to €32,292
- Tax, wage and social debts -€9,825
down €9,825 (-84.0%), from €11,697 to €1,872
- Gross operating margin +€14,481
up €14,481, from -€2,659 to €11,822
- Financial income -€9,760
down €9,760 (-100.0%), from €9,761 to €1
- Financial charges +€8,524
up €8,524 (+1,173%), from €727 to €9,251
- Taxes -€732
down €732 (-57.2%), from €1,279 to €548
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 | €319,332 | €67,913 | -€251,419 | -78.7% |
| Current assets | 29/58 | €319,332 | €67,913 | -€251,419 | -78.7% |
| Amounts receivable within one year | 40/41 | €317,298 | €64,003 | -€253,295 | -79.8% |
| Trade receivables | 40 | €11,580 | €13,886 | +€2,306 | +19.9% |
| Other amounts receivable | 41 | €305,718 | €50,116 | -€255,601 | -83.6% |
| Cash at bank and in hand | 54/58 | €2,034 | €3,910 | +€1,876 | +92.3% |
| Total equity and liabilities | 10/49 | €319,332 | €67,913 | -€251,419 | -78.7% |
| Equity | 10/15 | €29,691 | €31,121 | +€1,430 | +4.8% |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Reserves | 13 | €20,691 | €22,121 | +€1,430 | +6.9% |
| Distributable reserves | 133 | €20,691 | €22,121 | +€1,430 | +6.9% |
| Amounts payable | 17/49 | €289,640 | €36,791 | -€252,849 | -87.3% |
| Amounts payable within one year | 42/48 | €289,640 | €36,791 | -€252,849 | -87.3% |
| Trade debts | 44 | €86,502 | €32,292 | -€54,210 | -62.7% |
| Suppliers | 440/4 | €86,502 | €32,292 | -€54,210 | -62.7% |
| Taxes, remuneration and social security | 45 | €11,697 | €1,872 | -€9,825 | -84.0% |
| Taxes | 450/3 | €11,697 | €1,872 | -€9,825 | -84.0% |
| Other amounts payable | 47/48 | €191,442 | €2,628 | -€188,814 | -98.6% |
| Other operating charges | 640/8 | €505 | €594 | +€89 | +17.6% |
| Gross operating margin | 9900 | -€2,659 | €11,822 | +€14,481 | |
| Operating profit (loss) | 9901 | -€3,165 | €11,227 | +€14,392 | |
| Financial income | 75/76B | €9,761 | €1 | -€9,760 | -100.0% |
| Recurring financial income | 75 | €9,761 | €1 | -€9,760 | -100.0% |
| Financial charges | 65/66B | €727 | €9,251 | +€8,524 | +1,173% |
| Recurring financial charges | 65 | €727 | €9,251 | +€8,524 | +1,173% |
| Profit (loss) for the period before taxes | 9903 | €5,869 | €1,978 | -€3,892 | -66.3% |
| Income taxes | 67/77 | €1,279 | €548 | -€732 | -57.2% |
| Profit (loss) for the period | 9904 | €4,590 | €1,430 | -€3,160 | -68.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,590 | €1,430 | -€3,160 | -68.8% |
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.