VR Techniek: 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 Techniek
Largest movements
- Receivables within one year +€286,080
up €286,080 (+76.9%), from €372,084 to €658,164
of which Trade receivables: +€283,993
- Tangible fixed assets -€132,339
down €132,339 (-5.7%), from €2.3m to €2.2m
of which Land and buildings: -€109,302
- Cash +€132,125
up €132,125 (+153.4%), from €86,127 to €218,253
mainly Net result for the year (+€330,951) and Depreciation (+€197,584)
- Reserves +€330,951
up €330,951 (+33.6%), from €984,723 to €1.3m
of which Distributable reserves: +€330,951
- Debts after one year -€139,667
down €139,667 (-9.1%), from €1.5m to €1.4m
- Trade debts +€48,668
up €48,668 (+75.3%), from €64,595 to €113,264
- Tax, wage and social debts +€37,861
up €37,861 (+48.2%), from €78,487 to €116,348
of which Taxes: +€24,672
- Gross operating margin +€464,845
up €464,845 (+50.5%), from €920,885 to €1.4m
- Staff costs +€180,891
up €180,891 (+36.0%), from €502,678 to €683,569
- Taxes +€71,116
up €71,116 (+201.5%), from €35,297 to €106,413
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.
Cash bridge derived
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 | €2,827,111 | €3,101,315 | +€274,204 | +9.7% |
| Fixed assets | 21/28 | €2,330,745 | €2,200,222 | -€130,523 | -5.6% |
| Intangible fixed assets | 21 | €709 | €0 | -€709 | -100.0% |
| Tangible fixed assets | 22/27 | €2,329,137 | €2,196,797 | -€132,339 | -5.7% |
| Land and buildings | 22 | €2,133,466 | €2,024,164 | -€109,302 | -5.1% |
| Plant, machinery and equipment | 23 | €95,992 | €88,387 | -€7,606 | -7.9% |
| Furniture and vehicles | 24 | €99,679 | €84,247 | -€15,432 | -15.5% |
| Financial fixed assets | 28 | €900 | €3,425 | +€2,525 | +280.6% |
| Current assets | 29/58 | €496,366 | €901,093 | +€404,727 | +81.5% |
| Stocks and contracts in progress | 3 | €18,155 | €19,044 | +€890 | +4.9% |
| Stocks | 30/36 | €18,155 | €19,044 | +€890 | +4.9% |
| Amounts receivable within one year | 40/41 | €372,084 | €658,164 | +€286,080 | +76.9% |
| Trade receivables | 40 | €342,382 | €626,375 | +€283,993 | +82.9% |
| Other amounts receivable | 41 | €29,703 | €31,790 | +€2,087 | +7.0% |
| Cash at bank and in hand | 54/58 | €86,127 | €218,253 | +€132,125 | +153.4% |
| Deferred charges and accrued income | 490/1 | €20,000 | €5,631 | -€14,369 | -71.8% |
| Total equity and liabilities | 10/49 | €2,827,111 | €3,101,315 | +€274,204 | +9.7% |
| Equity | 10/15 | €1,003,323 | €1,334,274 | +€330,951 | +33.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €984,723 | €1,315,674 | +€330,951 | +33.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €965,973 | €1,296,924 | +€330,951 | +34.3% |
| Amounts payable | 17/49 | €1,823,789 | €1,767,041 | -€56,748 | -3.1% |
| Amounts payable after more than one year | 17 | €1,535,667 | €1,396,000 | -€139,667 | -9.1% |
| Financial debts | 170/4 | €1,535,667 | €1,396,000 | -€139,667 | -9.1% |
| Amounts payable within one year | 42/48 | €288,122 | €371,041 | +€82,919 | +28.8% |
| Current portion of amounts payable after more than one year | 42 | €139,667 | €139,667 | = | 0.0% |
| Trade debts | 44 | €64,595 | €113,264 | +€48,668 | +75.3% |
| Suppliers | 440/4 | €64,595 | €113,264 | +€48,668 | +75.3% |
| Taxes, remuneration and social security | 45 | €78,487 | €116,348 | +€37,861 | +48.2% |
| Taxes | 450/3 | €14,547 | €39,220 | +€24,672 | +169.6% |
| Remuneration and social security | 454/9 | €63,940 | €77,128 | +€13,188 | +20.6% |
| Other amounts payable | 47/48 | €5,373 | €1,763 | -€3,610 | -67.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €502,678 | €683,569 | +€180,891 | +36.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €191,628 | €197,584 | +€5,956 | +3.1% |
| Other operating charges | 640/8 | €7,823 | €8,098 | +€274 | +3.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €920,885 | €1,385,729 | +€464,845 | +50.5% |
| Operating profit (loss) | 9901 | €218,755 | €496,479 | +€277,724 | +127.0% |
| Financial income | 75/76B | €214 | €254 | +€40 | +18.8% |
| Recurring financial income | 75 | €214 | €254 | +€40 | +18.8% |
| Financial charges | 65/66B | €63,899 | €59,368 | -€4,530 | -7.1% |
| Recurring financial charges | 65 | €63,899 | €59,368 | -€4,530 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €155,070 | €437,364 | +€282,294 | +182.0% |
| Income taxes | 67/77 | €35,297 | €106,413 | +€71,116 | +201.5% |
| Profit (loss) for the period | 9904 | €119,773 | €330,951 | +€211,179 | +176.3% |
| Profit (loss) for the period to be appropriated | 9905 | €119,773 | €330,951 | +€211,179 | +176.3% |
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 10 October 2026 via checked.be.