VR4TR: 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.
What changed
VR4TR
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€13,753
2024 · €6,977+€6,776
Equity
€14,904
2024 · €1,152+€13,753
Cash
€18,390
2024 · €4,959+€13,432
Balance sheet total
€1.4m
2024 · €1.2m+€196,523
Largest movements
Assets
- Receivables after one year +€188,386
new in 2025: €188,386
Equity and liabilities
- Debts after one year +€188,386
up €188,386 (+15.3%), from €1.2m to €1.4m
Income statement
- Financial income +€10,942
new in 2025: €10,942
- Taxes +€4,635
up €4,635 (+2,231%), from €208 to €4,842
- Gross operating margin +€488
up €488 (+6.3%), from €7,742 to €8,230
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.
Result 2024
€6,977
Gross operating margin
+€488
Other operating charges
-€14
Financial income
+€10,942
Financial charges
-€6
Taxes
-€4,635
Result 2025
€13,753
raises the resultlowers the result
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.
From operations
-€174,954
Investment
€0
Financing
+€188,386
Cash 2024
€4,959
From operations (derived)
-€174,954
Net result for the year
+€13,753
Receivables after one year
-€188,386
Receivables within one year
+€10,000
Deferred charges and accrued income
-€4,705
Trade debts
-€7,851
Smaller working-capital items
+€239
Other debts
+€1,996
Financing
+€188,386
Debts after one year
+€188,386
Cash 2025
€18,390
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,238,292 | €1,434,814 | +€196,523 | +15.9% |
| Fixed assets | 21/28 | €1,197,137 | €1,197,137 | = | 0.0% |
| Financial fixed assets | 28 | €1,197,137 | €1,197,137 | = | 0.0% |
| Current assets | 29/58 | €41,155 | €237,677 | +€196,523 | +478% |
| Amounts receivable after more than one year | 29 | - | €188,386 | +€188,386 | |
| Other amounts receivable | 291 | - | €188,386 | +€188,386 | |
| Amounts receivable within one year | 40/41 | €36,196 | €26,196 | -€10,000 | -27.6% |
| Trade receivables | 40 | €36,196 | €26,196 | -€10,000 | -27.6% |
| Cash at bank and in hand | 54/58 | €4,959 | €18,390 | +€13,432 | +271% |
| Deferred charges and accrued income | 490/1 | - | €4,705 | +€4,705 | |
| Total equity and liabilities | 10/49 | €1,238,292 | €1,434,814 | +€196,523 | +15.9% |
| Equity | 10/15 | €1,152 | €14,904 | +€13,753 | +1,194% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €1,151 | €14,903 | +€13,753 | +1,195% |
| Distributable reserves | 133 | €1,151 | €14,903 | +€13,753 | +1,195% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,237,140 | €1,419,910 | +€182,770 | +14.8% |
| Amounts payable after more than one year | 17 | €1,229,081 | €1,417,467 | +€188,386 | +15.3% |
| Other amounts payable | 178/9 | €1,229,081 | €1,417,467 | +€188,386 | +15.3% |
| Amounts payable within one year | 42/48 | €8,059 | €2,438 | -€5,620 | -69.7% |
| Trade debts | 44 | €7,851 | €0 | -€7,851 | -100% |
| Suppliers | 440/4 | €7,851 | €0 | -€7,851 | -100% |
| Taxes, remuneration and social security | 45 | €208 | €442 | +€235 | +113% |
| Taxes | 450/3 | €208 | €442 | +€235 | +113% |
| Other amounts payable | 47/48 | - | €1,996 | +€1,996 | |
| Accrued charges and deferred income | 492/3 | - | €4 | +€4 | |
| Other operating charges | 640/8 | €513 | €527 | +€14 | +2.8% |
| Gross operating margin | 9900 | €7,742 | €8,230 | +€488 | +6.3% |
| Operating profit (loss) | 9901 | €7,228 | €7,702 | +€474 | +6.6% |
| Financial income | 75/76B | - | €10,942 | +€10,942 | |
| Recurring financial income | 75 | - | €10,942 | +€10,942 | |
| Financial charges | 65/66B | €44 | €49 | +€6 | +12.8% |
| Recurring financial charges | 65 | €44 | €49 | +€6 | +12.8% |
| Profit (loss) for the period before taxes | 9903 | €7,185 | €18,595 | +€11,410 | +159% |
| Income taxes | 67/77 | €208 | €4,842 | +€4,635 | +2,231% |
| Profit (loss) for the period | 9904 | €6,977 | €13,753 | +€6,776 | +97.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,977 | €13,753 | +€6,776 | +97.1% |
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 27 October 2026 via checked.be.