VR4VW BV: 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.
VR4VW BV
Largest movements
- Current investments +€41,176
up €41,176 (+915.0%), from €4,500 to €45,676
- Cash -€17,826
down €17,826 (-78.4%), from €22,733 to €4,907
mainly Current investments (-€41,176) and Receivables within one year (-€14,632)
- Receivables within one year +€14,632
up €14,632 (+39185.3%), from €37 to €14,669
- Deferred charges and accrued income -€8,850
down €8,850 (-83.8%), from €10,560 to €1,710
- Tangible fixed assets +€972
new in 2025: €972
- Reserves +€30,580
up €30,580 (+128.2%), from €23,846 to €54,426
- Other debts -€760
down €760 (-16.9%), from €4,501 to €3,741
- Gross operating margin +€7,340
up €7,340 (+20.6%), from €35,703 to €43,043
- Taxes +€1,938
up €1,938 (+28.1%), from €6,895 to €8,833
- Depreciation -€697
down €697 (-83.0%), from €840 to €143
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 | €37,831 | €67,934 | +€30,103 | +79.6% |
| Fixed assets | 21/28 | - | €972 | +€972 | |
| Tangible fixed assets | 22/27 | - | €972 | +€972 | |
| Plant, machinery and equipment | 23 | - | €972 | +€972 | |
| Current assets | 29/58 | €37,831 | €66,962 | +€29,131 | +77.0% |
| Amounts receivable within one year | 40/41 | €37 | €14,669 | +€14,632 | +39185.3% |
| Trade receivables | 40 | €37 | €14,669 | +€14,632 | +39185.3% |
| Current investments | 50/53 | €4,500 | €45,676 | +€41,176 | +915.0% |
| Cash at bank and in hand | 54/58 | €22,733 | €4,907 | -€17,826 | -78.4% |
| Deferred charges and accrued income | 490/1 | €10,560 | €1,710 | -€8,850 | -83.8% |
| Total equity and liabilities | 10/49 | €37,831 | €67,934 | +€30,103 | +79.6% |
| Equity | 10/15 | €26,346 | €56,926 | +€30,580 | +116.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €23,846 | €54,426 | +€30,580 | +128.2% |
| Distributable reserves | 133 | €23,846 | €54,426 | +€30,580 | +128.2% |
| Amounts payable | 17/49 | €11,485 | €11,008 | -€476 | -4.1% |
| Amounts payable within one year | 42/48 | €11,485 | €11,008 | -€476 | -4.1% |
| Trade debts | 44 | €31 | €282 | +€252 | +823.0% |
| Suppliers | 440/4 | €31 | €282 | +€252 | +823.0% |
| Taxes, remuneration and social security | 45 | €6,953 | €6,985 | +€32 | +0.5% |
| Taxes | 450/3 | €6,953 | €6,985 | +€32 | +0.5% |
| Other amounts payable | 47/48 | €4,501 | €3,741 | -€760 | -16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €840 | €143 | -€697 | -83.0% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €35,703 | €43,043 | +€7,340 | +20.6% |
| Operating profit (loss) | 9901 | €34,745 | €42,781 | +€8,035 | +23.1% |
| Financial income | 75/76B | - | €260 | +€260 | |
| Recurring financial income | 75 | - | €260 | +€260 | |
| Financial charges | 65/66B | €4,004 | €3,627 | -€377 | -9.4% |
| Recurring financial charges | 65 | €4,004 | €3,627 | -€377 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | €30,741 | €39,413 | +€8,672 | +28.2% |
| Income taxes | 67/77 | €6,895 | €8,833 | +€1,938 | +28.1% |
| Profit (loss) for the period | 9904 | €23,846 | €30,580 | +€6,734 | +28.2% |
| Profit (loss) for the period to be appropriated | 9905 | €23,846 | €30,580 | +€6,734 | +28.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.