VR DRINKS: what changed
Two fiscal 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 DRINKS
Largest movements
- Receivables within one year -€68,816
down €68,816 (-63.7%), from €107,998 to €39,182
of which Trade receivables: -€84,494
- Stocks and contracts -€66,986
down €66,986 (-27.9%), from €240,160 to €173,174
- Cash +€7,068
up €7,068 (+14.4%), from €49,059 to €56,127
mainly Receivables within one year (+€68,816) and Stocks and contracts (+€66,986)
- Trade debts -€62,511
down €62,511 (-67.4%), from €92,757 to €30,247
- Tax, wage and social debts -€41,861
down €41,861 (-73.6%), from €56,895 to €15,034
- Debts after one year -€11,035
down €11,035 (-96.1%), from €11,478 to €443
- Reserves -€9,261
down €9,261 (-3.8%), from €243,761 to €234,500
- Gross operating margin -€61,468
down €61,468 (-34.9%), from €176,127 to €114,659
- Staff costs +€55,935
up €55,935 (+153.2%), from €36,512 to €92,447
- Taxes -€31,826
down €31,826 (-96.8%), from €32,875 to €1,049
- Write-downs -€5,349
down €5,349 (-100.0%), from €5,349 to €0
- Financial charges -€4,654
down €4,654 (-64.3%), from €7,240 to €2,586
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.
Cash bridge derived
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 | €448,122 | €322,434 | -€125,687 | -28.0% |
| Fixed assets | 21/28 | €50,905 | €53,110 | +€2,205 | +4.3% |
| Tangible fixed assets | 22/27 | €45,145 | €47,350 | +€2,205 | +4.9% |
| Land and buildings | 22 | €9,867 | €8,732 | -€1,135 | -11.5% |
| Plant, machinery and equipment | 23 | €26,391 | €24,064 | -€2,327 | -8.8% |
| Furniture and vehicles | 24 | €1,379 | €12,642 | +€11,263 | +816.9% |
| Leasing and similar rights | 25 | €7,508 | €1,912 | -€5,597 | -74.5% |
| Financial fixed assets | 28 | €5,760 | €5,760 | = | 0.0% |
| Current assets | 29/58 | €397,217 | €269,325 | -€127,892 | -32.2% |
| Stocks and contracts in progress | 3 | €240,160 | €173,174 | -€66,986 | -27.9% |
| Stocks | 30/36 | €240,160 | €173,174 | -€66,986 | -27.9% |
| Amounts receivable within one year | 40/41 | €107,998 | €39,182 | -€68,816 | -63.7% |
| Trade receivables | 40 | €98,253 | €13,759 | -€84,494 | -86.0% |
| Other amounts receivable | 41 | €9,745 | €25,423 | +€15,678 | +160.9% |
| Cash at bank and in hand | 54/58 | €49,059 | €56,127 | +€7,068 | +14.4% |
| Deferred charges and accrued income | 490/1 | €0 | €841 | +€841 | |
| Total equity and liabilities | 10/49 | €448,122 | €322,434 | -€125,687 | -28.0% |
| Equity | 10/15 | €268,761 | €259,500 | -€9,261 | -3.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €243,761 | €234,500 | -€9,261 | -3.8% |
| Distributable reserves | 133 | €243,761 | €234,500 | -€9,261 | -3.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €179,361 | €62,935 | -€116,426 | -64.9% |
| Amounts payable after more than one year | 17 | €11,478 | €443 | -€11,035 | -96.1% |
| Financial debts | 170/4 | €11,478 | €443 | -€11,035 | -96.1% |
| Amounts payable within one year | 42/48 | €167,883 | €62,492 | -€105,391 | -62.8% |
| Current portion of amounts payable after more than one year | 42 | €18,230 | €16,911 | -€1,320 | -7.2% |
| Trade debts | 44 | €92,757 | €30,247 | -€62,511 | -67.4% |
| Suppliers | 440/4 | €92,757 | €30,247 | -€62,511 | -67.4% |
| Taxes, remuneration and social security | 45 | €56,895 | €15,034 | -€41,861 | -73.6% |
| Taxes | 450/3 | €56,895 | €15,034 | -€41,861 | -73.6% |
| Other amounts payable | 47/48 | - | €300 | +€300 | |
| Non-recurring operating income | 76A | €2,285 | €0 | -€2,285 | -100.0% |
| Remuneration, social security and pensions | 62 | €36,512 | €92,447 | +€55,935 | +153.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,101 | €15,665 | +€1,564 | +11.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,349 | €0 | -€5,349 | -100.0% |
| Other operating charges | 640/8 | €1,183 | €2,228 | +€1,045 | +88.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €176,127 | €114,659 | -€61,468 | -34.9% |
| Operating profit (loss) | 9901 | €118,983 | €4,320 | -€114,662 | -96.4% |
| Financial income | 75/76B | €0 | €53 | +€53 | |
| Recurring financial income | 75 | €0 | €53 | +€53 | |
| Financial charges | 65/66B | €7,240 | €2,586 | -€4,654 | -64.3% |
| Recurring financial charges | 65 | €7,240 | €2,586 | -€4,654 | -64.3% |
| Profit (loss) for the period before taxes | 9903 | €111,743 | €1,788 | -€109,955 | -98.4% |
| Income taxes | 67/77 | €32,875 | €1,049 | -€31,826 | -96.8% |
| Profit (loss) for the period | 9904 | €78,867 | €739 | -€78,129 | -99.1% |
| Profit (loss) for the period to be appropriated | 9905 | €78,867 | €739 | -€78,129 | -99.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.