VR-HUT: 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-HUT
Largest movements
- Receivables within one year -€47,145
down €47,145 (-68.7%), from €68,660 to €21,515
of which Other amounts receivable: -€40,244
- Cash +€18,704
up €18,704 (+135%), from €13,804 to €32,508
mainly Receivables within one year (+€47,145) and Depreciation (+€9,931)
- Intangible fixed assets -€3,333
down €3,333 (-50.1%), from €6,658 to €3,324
- Tangible fixed assets -€2,039
down €2,039 (-11.0%), from €18,594 to €16,555
of which Furniture and vehicles: -€1,572
- Tax, wage and social debts -€42,360
down €42,360 (-79.3%), from €53,432 to €11,072
of which Taxes: -€37,066
- Profit (loss) carried forward +€6,477
up €6,477 (+24.6%), from €26,279 to €32,757
- Current portion of long-term debt +€2,500
up €2,500 (+26.4%), from €9,459 to €11,959
- Gross operating margin +€12,278
up €12,278 (+10.9%), from €112,463 to €124,741
- Depreciation -€3,414
down €3,414 (-25.6%), from €13,345 to €9,931
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 | €120,392 | €86,060 | -€34,332 | -28.5% |
| Fixed assets | 21/28 | €37,677 | €31,787 | -€5,891 | -15.6% |
| Intangible fixed assets | 21 | €6,658 | €3,324 | -€3,333 | -50.1% |
| Tangible fixed assets | 22/27 | €18,594 | €16,555 | -€2,039 | -11.0% |
| Plant, machinery and equipment | 23 | €14,498 | €14,369 | -€129 | -0.9% |
| Furniture and vehicles | 24 | €3,160 | €1,588 | -€1,572 | -49.7% |
| Other tangible fixed assets | 26 | €935 | €598 | -€337 | -36.0% |
| Financial fixed assets | 28 | €12,426 | €11,907 | -€519 | -4.2% |
| Current assets | 29/58 | €82,714 | €54,273 | -€28,441 | -34.4% |
| Stocks and contracts in progress | 3 | €250 | €250 | = | 0.0% |
| Stocks | 30/36 | €250 | €250 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €68,660 | €21,515 | -€47,145 | -68.7% |
| Trade receivables | 40 | €23,256 | €16,354 | -€6,902 | -29.7% |
| Other amounts receivable | 41 | €45,405 | €5,161 | -€40,244 | -88.6% |
| Cash at bank and in hand | 54/58 | €13,804 | €32,508 | +€18,704 | +135% |
| Total equity and liabilities | 10/49 | €120,392 | €86,060 | -€34,332 | -28.5% |
| Equity | 10/15 | €46,739 | €53,217 | +€6,477 | +13.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €26,279 | €32,757 | +€6,477 | +24.6% |
| Amounts payable | 17/49 | €73,652 | €32,843 | -€40,809 | -55.4% |
| Amounts payable within one year | 42/48 | €73,652 | €32,843 | -€40,809 | -55.4% |
| Current portion of amounts payable after more than one year | 42 | €9,459 | €11,959 | +€2,500 | +26.4% |
| Trade debts | 44 | €10,762 | €9,813 | -€949 | -8.8% |
| Suppliers | 440/4 | €10,762 | €9,813 | -€949 | -8.8% |
| Taxes, remuneration and social security | 45 | €53,432 | €11,072 | -€42,360 | -79.3% |
| Taxes | 450/3 | €39,718 | €2,653 | -€37,066 | -93.3% |
| Remuneration and social security | 454/9 | €13,713 | €8,419 | -€5,295 | -38.6% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €101,480 | €101,638 | +€158 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,345 | €9,931 | -€3,414 | -25.6% |
| Other operating charges | 640/8 | €1,181 | €1,796 | +€615 | +52.0% |
| Non-recurring operating charges | 66A | - | €35 | +€35 | |
| Gross operating margin | 9900 | €112,463 | €124,741 | +€12,278 | +10.9% |
| Operating profit (loss) | 9901 | -€3,544 | €11,342 | +€14,885 | |
| Financial income | 75/76B | €31 | €175 | +€144 | +467% |
| Recurring financial income | 75 | €31 | €175 | +€144 | +467% |
| Financial charges | 65/66B | €4,289 | €4,833 | +€544 | +12.7% |
| Recurring financial charges | 65 | €4,289 | €4,833 | +€544 | +12.7% |
| Profit (loss) for the period before taxes | 9903 | -€7,802 | €6,684 | +€14,486 | |
| Income taxes | 67/77 | €196 | €206 | +€10 | +5.3% |
| Profit (loss) for the period | 9904 | -€7,998 | €6,477 | +€14,475 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,998 | €6,477 | +€14,475 |
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 13 October 2026 via checked.be.