VR Natuursteen: 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 Natuursteen
Largest movements
- Intangible fixed assets -€14,907
down €14,907 (-12.9%), from €115,499 to €100,592
- Stocks and contracts +€12,895
up €12,895 (+24.3%), from €53,001 to €65,896
of which Stocks: +€15,595
- Tangible fixed assets -€11,282
down €11,282 (-6.3%), from €178,637 to €167,355
of which Leasing and similar rights: -€5,803
- Receivables within one year +€7,101
up €7,101 (+22.9%), from €30,944 to €38,045
of which Other amounts receivable: +€4,919
- Debts after one year -€74,171
down €74,171 (-31.9%), from €232,676 to €158,505
of which Financial debts: -€139,171
- Reserves +€58,203
up €58,203 (+388%), from €15,000 to €73,203
- Tax, wage and social debts +€7,621
up €7,621 (+51.4%), from €14,820 to €22,441
of which Taxes: +€7,621
- Gross operating margin +€50,931
up €50,931 (+37.0%), from €137,810 to €188,741
- Taxes +€12,409
up €12,409 (+355%), from €3,494 to €15,903
- Staff costs -€6,079
down €6,079 (-9.3%), from €65,710 to €59,631
- Financial charges -€2,682
down €2,682 (-22.6%), from €11,884 to €9,202
- Other operating charges -€2,230
down €2,230 (-63.7%), from €3,502 to €1,272
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 | €392,000 | €385,630 | -€6,369 | -1.6% |
| Fixed assets | 21/28 | €294,136 | €267,947 | -€26,189 | -8.9% |
| Intangible fixed assets | 21 | €115,499 | €100,592 | -€14,907 | -12.9% |
| Tangible fixed assets | 22/27 | €178,637 | €167,355 | -€11,282 | -6.3% |
| Plant, machinery and equipment | 23 | €145,701 | €140,964 | -€4,737 | -3.3% |
| Furniture and vehicles | 24 | €1,351 | €1,071 | -€280 | -20.7% |
| Leasing and similar rights | 25 | €27,583 | €21,781 | -€5,803 | -21.0% |
| Other tangible fixed assets | 26 | €4,002 | €3,540 | -€463 | -11.6% |
| Current assets | 29/58 | €97,864 | €117,684 | +€19,820 | +20.3% |
| Stocks and contracts in progress | 3 | €53,001 | €65,896 | +€12,895 | +24.3% |
| Stocks | 30/36 | €48,801 | €64,396 | +€15,595 | +32.0% |
| Contracts in progress | 37 | €4,200 | €1,500 | -€2,700 | -64.3% |
| Amounts receivable within one year | 40/41 | €30,944 | €38,045 | +€7,101 | +22.9% |
| Trade receivables | 40 | €26,385 | €28,568 | +€2,182 | +8.3% |
| Other amounts receivable | 41 | €4,559 | €9,478 | +€4,919 | +108% |
| Cash at bank and in hand | 54/58 | €11,719 | €9,394 | -€2,325 | -19.8% |
| Deferred charges and accrued income | 490/1 | €2,200 | €4,348 | +€2,148 | +97.6% |
| Total equity and liabilities | 10/49 | €392,000 | €385,630 | -€6,369 | -1.6% |
| Equity | 10/15 | €32,000 | €90,203 | +€58,203 | +182% |
| Contributions | 10/11 | €17,000 | €17,000 | = | 0.0% |
| Reserves | 13 | €15,000 | €73,203 | +€58,203 | +388% |
| Distributable reserves | 133 | €15,000 | €73,203 | +€58,203 | +388% |
| Amounts payable | 17/49 | €359,999 | €295,427 | -€64,572 | -17.9% |
| Amounts payable after more than one year | 17 | €232,676 | €158,505 | -€74,171 | -31.9% |
| Financial debts | 170/4 | €222,676 | €83,505 | -€139,171 | -62.5% |
| Other amounts payable | 178/9 | €10,000 | €75,000 | +€65,000 | +650% |
| Amounts payable within one year | 42/48 | €127,324 | €136,922 | +€9,599 | +7.5% |
| Current portion of amounts payable after more than one year | 42 | €71,278 | €74,171 | +€2,893 | +4.1% |
| Trade debts | 44 | €41,226 | €40,311 | -€915 | -2.2% |
| Suppliers | 440/4 | €41,226 | €40,311 | -€915 | -2.2% |
| Taxes, remuneration and social security | 45 | €14,820 | €22,441 | +€7,621 | +51.4% |
| Taxes | 450/3 | €14,820 | €22,441 | +€7,621 | +51.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €65,710 | €59,631 | -€6,079 | -9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,766 | €44,758 | +€992 | +2.3% |
| Other operating charges | 640/8 | €3,502 | €1,272 | -€2,230 | -63.7% |
| Gross operating margin | 9900 | €137,810 | €188,741 | +€50,931 | +37.0% |
| Operating profit (loss) | 9901 | €24,832 | €83,080 | +€58,248 | +235% |
| Financial income | 75/76B | €907 | €229 | -€679 | -74.8% |
| Recurring financial income | 75 | €907 | €229 | -€679 | -74.8% |
| Financial charges | 65/66B | €11,884 | €9,202 | -€2,682 | -22.6% |
| Recurring financial charges | 65 | €11,884 | €9,202 | -€2,682 | -22.6% |
| Profit (loss) for the period before taxes | 9903 | €13,855 | €74,106 | +€60,251 | +435% |
| Income taxes | 67/77 | €3,494 | €15,903 | +€12,409 | +355% |
| Profit (loss) for the period | 9904 | €10,361 | €58,203 | +€47,842 | +462% |
| Profit (loss) for the period to be appropriated | 9905 | €10,361 | €58,203 | +€47,842 | +462% |
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 24 October 2026 via checked.be.