VR-it: 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-it
Largest movements
- Cash +€53,326
up €53,326 (+96.7%), from €55,141 to €108,467
mainly Other debts (+€119,432) and Net result for the year (+€46,272)
- Other debts +€119,432
up €119,432 (+2,997%), from €3,985 to €123,416
- Reserves -€93,728
down €93,728 (-7.4%), from €1.3m to €1.2m
- Tax, wage and social debts +€19,270
up €19,270 (+213%), from €9,058 to €28,327
- Gross operating margin -€31,834
down €31,834 (-28.4%), from €112,095 to €80,261
- Taxes -€7,940
down €7,940 (-30.9%), from €25,673 to €17,734
- Depreciation +€1,829
up €1,829 (+14.7%), from €12,478 to €14,307
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 | €1,307,933 | €1,360,683 | +€52,750 | +4.0% |
| Fixed assets | 21/28 | €1,233,623 | €1,221,489 | -€12,133 | -1.0% |
| Tangible fixed assets | 22/27 | €60,333 | €48,199 | -€12,133 | -20.1% |
| Plant, machinery and equipment | 23 | €2,000 | €2,475 | +€476 | +23.8% |
| Furniture and vehicles | 24 | €48,989 | €38,310 | -€10,680 | -21.8% |
| Other tangible fixed assets | 26 | €9,344 | €7,414 | -€1,929 | -20.6% |
| Financial fixed assets | 28 | €1,173,290 | €1,173,290 | = | 0.0% |
| Current assets | 29/58 | €74,310 | €139,193 | +€64,883 | +87.3% |
| Amounts receivable within one year | 40/41 | €16,940 | €28,193 | +€11,253 | +66.4% |
| Trade receivables | 40 | €16,940 | €18,193 | +€1,253 | +7.4% |
| Other amounts receivable | 41 | - | €10,000 | +€10,000 | |
| Cash at bank and in hand | 54/58 | €55,141 | €108,467 | +€53,326 | +96.7% |
| Deferred charges and accrued income | 490/1 | €2,229 | €2,533 | +€304 | +13.6% |
| Total equity and liabilities | 10/49 | €1,307,933 | €1,360,683 | +€52,750 | +4.0% |
| Equity | 10/15 | €1,284,609 | €1,190,881 | -€93,728 | -7.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,266,009 | €1,172,281 | -€93,728 | -7.4% |
| Distributable reserves | 133 | €1,266,009 | €1,172,281 | -€93,728 | -7.4% |
| Amounts payable | 17/49 | €23,324 | €169,801 | +€146,477 | +628% |
| Amounts payable within one year | 42/48 | €23,324 | €169,801 | +€146,477 | +628% |
| Trade debts | 44 | €10,282 | €18,058 | +€7,776 | +75.6% |
| Suppliers | 440/4 | €10,282 | €18,058 | +€7,776 | +75.6% |
| Taxes, remuneration and social security | 45 | €9,058 | €28,327 | +€19,270 | +213% |
| Taxes | 450/3 | €9,058 | €28,327 | +€19,270 | +213% |
| Other amounts payable | 47/48 | €3,985 | €123,416 | +€119,432 | +2,997% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,478 | €14,307 | +€1,829 | +14.7% |
| Other operating charges | 640/8 | €1,591 | €1,857 | +€266 | +16.7% |
| Gross operating margin | 9900 | €112,095 | €80,261 | -€31,834 | -28.4% |
| Operating profit (loss) | 9901 | €98,025 | €64,097 | -€33,929 | -34.6% |
| Financial charges | 65/66B | €102 | €91 | -€11 | -11.2% |
| Recurring financial charges | 65 | €102 | €91 | -€11 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | €97,923 | €64,006 | -€33,917 | -34.6% |
| Income taxes | 67/77 | €25,673 | €17,734 | -€7,940 | -30.9% |
| Profit (loss) for the period | 9904 | €72,250 | €46,272 | -€25,978 | -36.0% |
| Profit (loss) for the period to be appropriated | 9905 | €72,250 | €46,272 | -€25,978 | -36.0% |
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.