VR Base Kortrijk: 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 Kortrijk
Largest movements
- Receivables within one year +€92,047
up €92,047 (+18.3%), from €502,138 to €594,185
of which Trade receivables: +€84,397
- Tangible fixed assets -€39,381
down €39,381 (-13.2%), from €297,471 to €258,090
of which Plant, machinery and equipment: -€39,947
- Cash +€14,429
up €14,429 (+25.6%), from €56,308 to €70,737
mainly Depreciation (+€41,356) and Trade debts (+€34,521)
- Trade debts +€34,521
up €34,521 (+494%), from €6,988 to €41,509
- Profit (loss) carried forward +€24,126
up €24,126 (+1.0%), from -€2.5m to -€2.5m
- Staff costs -€19,698
down €19,698 (-23.0%), from €85,549 to €65,851
- Gross operating margin +€11,526
up €11,526 (+9.6%), from €119,672 to €131,198
- Taxes +€7,206
up €7,206 (+643%), from €1,120 to €8,326
- Financial charges +€2,820
up €2,820 (+275%), from €1,024 to €3,844
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 | €861,400 | €925,590 | +€64,189 | +7.5% |
| Fixed assets | 21/28 | €297,471 | €258,090 | -€39,381 | -13.2% |
| Tangible fixed assets | 22/27 | €297,471 | €258,090 | -€39,381 | -13.2% |
| Plant, machinery and equipment | 23 | €289,691 | €249,745 | -€39,947 | -13.8% |
| Furniture and vehicles | 24 | €7,780 | €8,345 | +€565 | +7.3% |
| Current assets | 29/58 | €563,929 | €667,499 | +€103,571 | +18.4% |
| Stocks and contracts in progress | 3 | €4,870 | €1,717 | -€3,153 | -64.8% |
| Stocks | 30/36 | €4,870 | €1,717 | -€3,153 | -64.8% |
| Amounts receivable within one year | 40/41 | €502,138 | €594,185 | +€92,047 | +18.3% |
| Trade receivables | 40 | €135,583 | €219,980 | +€84,397 | +62.2% |
| Other amounts receivable | 41 | €366,555 | €374,206 | +€7,651 | +2.1% |
| Cash at bank and in hand | 54/58 | €56,308 | €70,737 | +€14,429 | +25.6% |
| Deferred charges and accrued income | 490/1 | €613 | €860 | +€248 | +40.4% |
| Total equity and liabilities | 10/49 | €861,400 | €925,590 | +€64,189 | +7.5% |
| Equity | 10/15 | €154,254 | €178,379 | +€24,126 | +15.6% |
| Contributions | 10/11 | €2,690,141 | €2,690,141 | = | 0.0% |
| Capital | 10 | €2,690,141 | €2,690,141 | = | 0.0% |
| Issued capital | 100 | €2,690,141 | €2,690,141 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,535,887 | -€2,511,761 | +€24,126 | +1.0% |
| Amounts payable | 17/49 | €707,147 | €747,210 | +€40,064 | +5.7% |
| Amounts payable after more than one year | 17 | €619,734 | €619,734 | = | 0.0% |
| Financial debts | 170/4 | €619,734 | €619,734 | = | 0.0% |
| Amounts payable within one year | 42/48 | €84,270 | €125,014 | +€40,744 | +48.3% |
| Trade debts | 44 | €6,988 | €41,509 | +€34,521 | +494% |
| Suppliers | 440/4 | €6,988 | €41,509 | +€34,521 | +494% |
| Advances received on contracts in progress | 46 | - | €294 | +€294 | |
| Taxes, remuneration and social security | 45 | €13,255 | €19,183 | +€5,928 | +44.7% |
| Taxes | 450/3 | €1,415 | €10,001 | +€8,586 | +607% |
| Remuneration and social security | 454/9 | €11,840 | €9,182 | -€2,657 | -22.4% |
| Other amounts payable | 47/48 | €64,027 | €64,027 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,143 | €2,463 | -€680 | -21.6% |
| Remuneration, social security and pensions | 62 | €85,549 | €65,851 | -€19,698 | -23.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,747 | €41,356 | +€609 | +1.5% |
| Other operating charges | 640/8 | €2,029 | €2,081 | +€52 | +2.6% |
| Gross operating margin | 9900 | €119,672 | €131,198 | +€11,526 | +9.6% |
| Operating profit (loss) | 9901 | -€8,653 | €21,909 | +€30,562 | |
| Financial income | 75/76B | €13,841 | €14,387 | +€546 | +3.9% |
| Recurring financial income | 75 | €13,841 | €14,387 | +€546 | +3.9% |
| Financial charges | 65/66B | €1,024 | €3,844 | +€2,820 | +275% |
| Recurring financial charges | 65 | €1,024 | €3,844 | +€2,820 | +275% |
| Profit (loss) for the period before taxes | 9903 | €4,164 | €32,452 | +€28,289 | +679% |
| Income taxes | 67/77 | €1,120 | €8,326 | +€7,206 | +643% |
| Profit (loss) for the period | 9904 | €3,043 | €24,126 | +€21,082 | +693% |
| Profit (loss) for the period to be appropriated | 9905 | €3,043 | €24,126 | +€21,082 | +693% |
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 27 October 2026 via checked.be.