VR Realtor: 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 Realtor
Largest movements
- Tangible fixed assets -€11,163
down €11,163 (-29.8%), from €37,489 to €26,326
- Receivables within one year -€5,560
down €5,560 (-34.1%), from €16,286 to €10,726
of which Trade receivables: -€7,794
- Cash -€898
down €898 (-5.4%), from €16,752 to €15,854
mainly Tax, wage and social debts (-€22,674) and Trade debts (-€6,624)
- Tax, wage and social debts -€22,674
down €22,674 (-99.2%), from €22,861 to €187
- Other debts +€7,087
new in 2025: €7,087
- Trade debts -€6,624
down €6,624 (-76.5%), from €8,659 to €2,035
- Profit (loss) carried forward +€4,113
up €4,113 (+38.4%), from €10,705 to €14,818
- Staff costs +€14,367
new in 2025: €14,367
- Other operating charges +€3,160
up €3,160 (+348%), from €908 to €4,067
- Gross operating margin -€3,123
down €3,123 (-7.6%), from €41,178 to €38,055
- Depreciation +€1,521
up €1,521 (+15.4%), from €9,872 to €11,393
- Financial charges +€577
up €577 (+256%), from €225 to €802
of which Non-recurring financial charges: +€633
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 | €70,528 | €52,906 | -€17,622 | -25.0% |
| Fixed assets | 21/28 | €37,489 | €26,326 | -€11,163 | -29.8% |
| Tangible fixed assets | 22/27 | €37,489 | €26,326 | -€11,163 | -29.8% |
| Furniture and vehicles | 24 | €37,489 | €26,326 | -€11,163 | -29.8% |
| Current assets | 29/58 | €33,038 | €26,580 | -€6,459 | -19.5% |
| Amounts receivable within one year | 40/41 | €16,286 | €10,726 | -€5,560 | -34.1% |
| Trade receivables | 40 | €8,718 | €924 | -€7,794 | -89.4% |
| Other amounts receivable | 41 | €7,569 | €9,802 | +€2,233 | +29.5% |
| Cash at bank and in hand | 54/58 | €16,752 | €15,854 | -€898 | -5.4% |
| Total equity and liabilities | 10/49 | €70,528 | €52,906 | -€17,622 | -25.0% |
| Equity | 10/15 | €39,005 | €43,118 | +€4,113 | +10.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €27,300 | €27,300 | = | 0.0% |
| Distributable reserves | 133 | €27,300 | €27,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,705 | €14,818 | +€4,113 | +38.4% |
| Amounts payable | 17/49 | €31,523 | €9,788 | -€21,734 | -68.9% |
| Amounts payable within one year | 42/48 | €31,523 | €9,788 | -€21,734 | -68.9% |
| Financial debts | 43 | €2 | €479 | +€477 | +24,092% |
| Credit institutions | 430/8 | €2 | €479 | +€477 | +24,092% |
| Trade debts | 44 | €8,659 | €2,035 | -€6,624 | -76.5% |
| Suppliers | 440/4 | €8,659 | €2,035 | -€6,624 | -76.5% |
| Taxes, remuneration and social security | 45 | €22,861 | €187 | -€22,674 | -99.2% |
| Taxes | 450/3 | €22,861 | €187 | -€22,674 | -99.2% |
| Other amounts payable | 47/48 | - | €7,087 | +€7,087 | |
| Remuneration, social security and pensions | 62 | - | €14,367 | +€14,367 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,872 | €11,393 | +€1,521 | +15.4% |
| Other operating charges | 640/8 | €908 | €4,067 | +€3,160 | +348% |
| Gross operating margin | 9900 | €41,178 | €38,055 | -€3,123 | -7.6% |
| Operating profit (loss) | 9901 | €30,398 | €8,227 | -€22,171 | -72.9% |
| Financial charges | 65/66B | €225 | €802 | +€577 | +256% |
| Recurring financial charges | 65 | €225 | €169 | -€56 | -24.9% |
| Non-recurring financial charges | 66B | - | €633 | +€633 | |
| Profit (loss) for the period before taxes | 9903 | €30,172 | €7,425 | -€22,748 | -75.4% |
| Income taxes | 67/77 | €2,807 | €3,312 | +€505 | +18.0% |
| Profit (loss) for the period | 9904 | €27,366 | €4,113 | -€23,253 | -85.0% |
| Profit (loss) for the period to be appropriated | 9905 | €27,366 | €4,113 | -€23,253 | -85.0% |
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 31 October 2026 via checked.be.