VR MACHINING: 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 MACHINING
Largest movements
- Receivables within one year -€111,372
down €111,372 (-24.5%), from €455,445 to €344,073
of which Trade receivables: -€100,033
- Cash +€34,773
up €34,773 (+893.9%), from €3,890 to €38,663
mainly Receivables within one year (+€111,372) and Short-term financial debts (+€26,000)
- Tangible fixed assets -€12,296
down €12,296 (-20.6%), from €59,618 to €47,322
of which Furniture and vehicles: -€6,516
- Profit (loss) carried forward -€80,183
down €80,183, from €69,085 to -€11,098
- Tax, wage and social debts -€60,785
down €60,785 (-39.6%), from €153,553 to €92,769
of which Taxes: -€78,133
- Short-term financial debts +€26,000
up €26,000 (+35.6%), from €73,000 to €99,000
- Trade debts +€24,905
up €24,905 (+42.8%), from €58,135 to €83,040
- Gross operating margin -€187,986
down €187,986 (-30.8%), from €610,989 to €423,003
- Write-downs -€64,575
no longer reported in 2024 (was €64,575)
- Taxes -€50,698
down €50,698 (-99.6%), from €50,878 to €181
- Staff costs +€28,073
up €28,073 (+8.1%), from €345,632 to €373,705
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €752,885 | €659,701 | -€93,184 | -12.4% |
| Fixed assets | 21/28 | €71,892 | €59,247 | -€12,646 | -17.6% |
| Intangible fixed assets | 21 | €750 | €400 | -€350 | -46.7% |
| Tangible fixed assets | 22/27 | €59,618 | €47,322 | -€12,296 | -20.6% |
| Plant, machinery and equipment | 23 | €23,791 | €19,531 | -€4,261 | -17.9% |
| Furniture and vehicles | 24 | €28,383 | €21,867 | -€6,516 | -23.0% |
| Other tangible fixed assets | 26 | €7,443 | €5,924 | -€1,519 | -20.4% |
| Financial fixed assets | 28 | €11,525 | €11,525 | = | 0.0% |
| Current assets | 29/58 | €680,992 | €600,454 | -€80,538 | -11.8% |
| Amounts receivable after more than one year | 29 | €205,000 | €205,000 | = | 0.0% |
| Other amounts receivable | 291 | €205,000 | €205,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €455,445 | €344,073 | -€111,372 | -24.5% |
| Trade receivables | 40 | €317,249 | €217,216 | -€100,033 | -31.5% |
| Other amounts receivable | 41 | €138,196 | €126,857 | -€11,339 | -8.2% |
| Cash at bank and in hand | 54/58 | €3,890 | €38,663 | +€34,773 | +893.9% |
| Deferred charges and accrued income | 490/1 | €16,656 | €12,718 | -€3,938 | -23.6% |
| Total equity and liabilities | 10/49 | €752,885 | €659,701 | -€93,184 | -12.4% |
| Equity | 10/15 | €431,445 | €351,262 | -€80,183 | -18.6% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €355,360 | €355,360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €353,500 | €353,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €69,085 | -€11,098 | -€80,183 | |
| Amounts payable | 17/49 | €321,440 | €308,439 | -€13,001 | -4.0% |
| Amounts payable within one year | 42/48 | €316,253 | €306,389 | -€9,864 | -3.1% |
| Current portion of amounts payable after more than one year | 42 | €31,565 | €31,581 | +€16 | +0.1% |
| Financial debts | 43 | €73,000 | €99,000 | +€26,000 | +35.6% |
| Credit institutions | 430/8 | €73,000 | €99,000 | +€26,000 | +35.6% |
| Trade debts | 44 | €58,135 | €83,040 | +€24,905 | +42.8% |
| Suppliers | 440/4 | €58,135 | €83,040 | +€24,905 | +42.8% |
| Taxes, remuneration and social security | 45 | €153,553 | €92,769 | -€60,785 | -39.6% |
| Taxes | 450/3 | €104,137 | €26,004 | -€78,133 | -75.0% |
| Remuneration and social security | 454/9 | €49,417 | €66,765 | +€17,349 | +35.1% |
| Accrued charges and deferred income | 492/3 | €5,187 | €2,050 | -€3,137 | -60.5% |
| Remuneration, social security and pensions | 62 | €345,632 | €373,705 | +€28,073 | +8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,115 | €24,636 | +€1,521 | +6.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €64,575 | - | -€64,575 | |
| Other operating charges | 640/8 | €5,150 | - | -€5,150 | |
| Non-recurring operating charges | 66A | €1,037 | €85,568 | +€84,532 | +8155.3% |
| Gross operating margin | 9900 | €610,989 | €423,003 | -€187,986 | -30.8% |
| Operating profit (loss) | 9901 | €171,481 | -€60,905 | -€232,386 | |
| Financial income | 75/76B | €540 | €226 | -€314 | -58.1% |
| Recurring financial income | 75 | €540 | €226 | -€314 | -58.1% |
| Financial charges | 65/66B | €17,298 | €19,323 | +€2,025 | +11.7% |
| Recurring financial charges | 65 | €17,298 | €19,323 | +€2,025 | +11.7% |
| Profit (loss) for the period before taxes | 9903 | €154,722 | -€80,002 | -€234,724 | |
| Income taxes | 67/77 | €50,878 | €181 | -€50,698 | -99.6% |
| Profit (loss) for the period | 9904 | €103,844 | -€80,183 | -€184,027 | |
| Profit (loss) for the period to be appropriated | 9905 | €103,844 | -€80,183 | -€184,027 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.