VR INVEST: what changed
VR INVEST
Largest movements
- Cash -€2,000
down €2,000 (-85.8%), from €2,330 to €330
mainly Other debts (-€8,349) and Tax, wage and social debts (-€2,671)
- Tangible fixed assets -€1,992
down €1,992 (-27.5%), from €7,243 to €5,250
of which Other tangible fixed assets: -€1,515
- Deferred charges and accrued income -€1,944
down €1,944 (-33.3%), from €5,832 to €3,888
- Other debts -€8,349
down €8,349 (-66.0%), from €12,645 to €4,296
- Profit (loss) carried forward +€3,523
up €3,523 (+50.1%), from -€7,035 to -€3,512
- Tax, wage and social debts -€2,671
down €2,671 (-33.3%), from €8,013 to €5,342
of which Taxes: -€4,448
- Trade debts +€1,352
up €1,352 (+42.6%), from €3,175 to €4,527
- Gross operating margin +€14,156
up €14,156, from -€3,919 to €10,237
- Taxes +€2,420
up €2,420, from -€472 to €1,948
- Financial charges +€2,076
up €2,076 (+1,412%), from €147 to €2,223
- Other operating charges -€1,024
down €1,024 (-86.9%), from €1,178 to €155
- Staff costs -€359
no longer reported in 2025 (was €359)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,724 | €16,578 | -€6,146 | -27.0% |
| Fixed assets | 21/28 | €7,303 | €5,310 | -€1,992 | -27.3% |
| Tangible fixed assets | 22/27 | €7,243 | €5,250 | -€1,992 | -27.5% |
| Plant, machinery and equipment | 23 | €1,514 | €1,387 | -€127 | -8.4% |
| Furniture and vehicles | 24 | €1,017 | €667 | -€350 | -34.4% |
| Other tangible fixed assets | 26 | €4,711 | €3,196 | -€1,515 | -32.2% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €15,422 | €11,268 | -€4,154 | -26.9% |
| Amounts receivable within one year | 40/41 | €7,260 | €7,050 | -€210 | -2.9% |
| Trade receivables | 40 | €7,260 | €7,050 | -€210 | -2.9% |
| Cash at bank and in hand | 54/58 | €2,330 | €330 | -€2,000 | -85.8% |
| Deferred charges and accrued income | 490/1 | €5,832 | €3,888 | -€1,944 | -33.3% |
| Total equity and liabilities | 10/49 | €22,724 | €16,578 | -€6,146 | -27.0% |
| Equity | 10/15 | -€1,109 | €2,414 | +€3,523 | |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €5,826 | €5,826 | = | 0.0% |
| Distributable reserves | 133 | €5,826 | €5,826 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,035 | -€3,512 | +€3,523 | +50.1% |
| Amounts payable | 17/49 | €23,833 | €14,165 | -€9,669 | -40.6% |
| Amounts payable within one year | 42/48 | €23,833 | €14,165 | -€9,669 | -40.6% |
| Trade debts | 44 | €3,175 | €4,527 | +€1,352 | +42.6% |
| Suppliers | 440/4 | €3,175 | €4,527 | +€1,352 | +42.6% |
| Taxes, remuneration and social security | 45 | €8,013 | €5,342 | -€2,671 | -33.3% |
| Taxes | 450/3 | €8,013 | €3,565 | -€4,448 | -55.5% |
| Remuneration and social security | 454/9 | - | €1,777 | +€1,777 | |
| Other amounts payable | 47/48 | €12,645 | €4,296 | -€8,349 | -66.0% |
| Remuneration, social security and pensions | 62 | €359 | - | -€359 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,032 | €2,389 | +€358 | +17.6% |
| Other operating charges | 640/8 | €1,178 | €155 | -€1,024 | -86.9% |
| Gross operating margin | 9900 | -€3,919 | €10,237 | +€14,156 | |
| Operating profit (loss) | 9901 | -€7,487 | €7,693 | +€15,180 | |
| Financial income | 75/76B | €128 | €1 | -€127 | -99.2% |
| Recurring financial income | 75 | €128 | €1 | -€127 | -99.2% |
| Financial charges | 65/66B | €147 | €2,223 | +€2,076 | +1,412% |
| Recurring financial charges | 65 | €147 | €2,223 | +€2,076 | +1,412% |
| Profit (loss) for the period before taxes | 9903 | -€7,506 | €5,471 | +€12,977 | |
| Income taxes | 67/77 | -€472 | €1,948 | +€2,420 | |
| Profit (loss) for the period | 9904 | -€7,035 | €3,523 | +€10,557 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,035 | €3,523 | +€10,557 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.