VR CHAUFFAGE: 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 CHAUFFAGE
Largest movements
- Receivables within one year +€9,949
up €9,949 (+12.0%), from €83,230 to €93,179
of which Trade receivables: +€27,858
- Stocks and contracts -€6,353
down €6,353 (-23.4%), from €27,159 to €20,806
- Other debts +€6,408
up €6,408 (+51.1%), from €12,547 to €18,955
- Tax, wage and social debts -€1,824
down €1,824 (-51.3%), from €3,559 to €1,735
- Gross operating margin -€2,229
down €2,229 (-48.0%), from €4,641 to €2,413
- Taxes -€539
down €539 (-47.9%), from €1,124 to €586
- Other operating charges -€458
down €458 (-44.6%), from €1,027 to €568
- Financial income +€449
up €449 (+78.0%), from €575 to €1,024
- Financial charges +€136
up €136 (+63.4%), from €215 to €351
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 | €125,164 | €130,114 | +€4,950 | +4.0% |
| Fixed assets | 21/28 | €600 | €1,602 | +€1,002 | +167% |
| Tangible fixed assets | 22/27 | €600 | €1,602 | +€1,002 | +167% |
| Plant, machinery and equipment | 23 | €600 | €300 | -€300 | -50.0% |
| Furniture and vehicles | 24 | - | €1,302 | +€1,302 | |
| Current assets | 29/58 | €124,564 | €128,512 | +€3,948 | +3.2% |
| Stocks and contracts in progress | 3 | €27,159 | €20,806 | -€6,353 | -23.4% |
| Stocks | 30/36 | €27,159 | €20,806 | -€6,353 | -23.4% |
| Amounts receivable within one year | 40/41 | €83,230 | €93,179 | +€9,949 | +12.0% |
| Trade receivables | 40 | €21,334 | €49,192 | +€27,858 | +131% |
| Other amounts receivable | 41 | €61,896 | €43,987 | -€17,909 | -28.9% |
| Cash at bank and in hand | 54/58 | €13,605 | €13,461 | -€144 | -1.1% |
| Deferred charges and accrued income | 490/1 | €570 | €1,066 | +€496 | +87.0% |
| Total equity and liabilities | 10/49 | €125,164 | €130,114 | +€4,950 | +4.0% |
| Equity | 10/15 | €90,434 | €91,644 | +€1,210 | +1.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €71,842 | €73,052 | +€1,210 | +1.7% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €16,252 | €16,252 | = | 0.0% |
| Distributable reserves | 133 | €53,730 | €54,941 | +€1,210 | +2.3% |
| Amounts payable | 17/49 | €34,731 | €38,470 | +€3,739 | +10.8% |
| Amounts payable within one year | 42/48 | €34,731 | €38,470 | +€3,739 | +10.8% |
| Trade debts | 44 | €18,625 | €17,780 | -€844 | -4.5% |
| Suppliers | 440/4 | €18,625 | €17,780 | -€844 | -4.5% |
| Taxes, remuneration and social security | 45 | €3,559 | €1,735 | -€1,824 | -51.3% |
| Taxes | 450/3 | €3,559 | €1,735 | -€1,824 | -51.3% |
| Other amounts payable | 47/48 | €12,547 | €18,955 | +€6,408 | +51.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €300 | €302 | +€2 | +0.8% |
| Other operating charges | 640/8 | €1,027 | €568 | -€458 | -44.6% |
| Non-recurring operating charges | 66A | - | €419 | +€419 | |
| Gross operating margin | 9900 | €4,641 | €2,413 | -€2,229 | -48.0% |
| Operating profit (loss) | 9901 | €3,315 | €1,123 | -€2,192 | -66.1% |
| Financial income | 75/76B | €575 | €1,024 | +€449 | +78.0% |
| Recurring financial income | 75 | €575 | €1,024 | +€449 | +78.0% |
| Financial charges | 65/66B | €215 | €351 | +€136 | +63.4% |
| Recurring financial charges | 65 | €215 | €351 | +€136 | +63.4% |
| Profit (loss) for the period before taxes | 9903 | €3,675 | €1,796 | -€1,879 | -51.1% |
| Income taxes | 67/77 | €1,124 | €586 | -€539 | -47.9% |
| Profit (loss) for the period | 9904 | €2,551 | €1,210 | -€1,341 | -52.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,551 | €1,210 | -€1,341 | -52.6% |
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 24 October 2026 via checked.be.