VRAC: 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.
VRAC
Largest movements
- Receivables within one year +€10,811
up €10,811 (+207.8%), from €5,203 to €16,014
of which Trade receivables: +€7,154
- Tangible fixed assets -€4,436
down €4,436 (-24.6%), from €18,043 to €13,607
of which Furniture and vehicles: -€3,719
- Cash +€697
up €697 (+12.3%), from €5,670 to €6,367
mainly Debts after one year (+€34,546) and Trade debts (+€12,400)
- Stocks and contracts +€653
up €653 (+5.0%), from €13,166 to €13,819
- Debts after one year +€34,546
up €34,546 (+137.7%), from €25,089 to €59,636
- Profit (loss) carried forward -€28,076
down €28,076 (-95.3%), from -€29,460 to -€57,536
- Trade debts +€12,400
up €12,400 (+135.6%), from €9,143 to €21,544
- Other debts -€9,000
no longer reported in 2025 (was €9,000)
- Current portion of long-term debt -€3,978
down €3,978 (-47.1%), from €8,454 to €4,476
- Gross operating margin +€2,043
up €2,043 (+8.6%), from -€23,700 to -€21,657
- Financial charges +€327
up €327 (+24.6%), from €1,325 to €1,652
- Depreciation +€299
up €299 (+7.2%), from €4,137 to €4,436
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 | €42,442 | €50,114 | +€7,671 | +18.1% |
| Fixed assets | 21/28 | €18,043 | €13,607 | -€4,436 | -24.6% |
| Tangible fixed assets | 22/27 | €18,043 | €13,607 | -€4,436 | -24.6% |
| Plant, machinery and equipment | 23 | €3,167 | €2,450 | -€717 | -22.6% |
| Furniture and vehicles | 24 | €14,876 | €11,157 | -€3,719 | -25.0% |
| Current assets | 29/58 | €24,400 | €36,507 | +€12,107 | +49.6% |
| Stocks and contracts in progress | 3 | €13,166 | €13,819 | +€653 | +5.0% |
| Stocks | 30/36 | €13,166 | €13,819 | +€653 | +5.0% |
| Amounts receivable within one year | 40/41 | €5,203 | €16,014 | +€10,811 | +207.8% |
| Trade receivables | 40 | €1,720 | €8,874 | +€7,154 | +415.9% |
| Other amounts receivable | 41 | €3,483 | €7,140 | +€3,657 | +105.0% |
| Cash at bank and in hand | 54/58 | €5,670 | €6,367 | +€697 | +12.3% |
| Deferred charges and accrued income | 490/1 | €361 | €307 | -€53 | -14.8% |
| Total equity and liabilities | 10/49 | €42,442 | €50,114 | +€7,671 | +18.1% |
| Equity | 10/15 | -€9,460 | -€37,536 | -€28,076 | -296.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,460 | -€57,536 | -€28,076 | -95.3% |
| Amounts payable | 17/49 | €51,902 | €87,649 | +€35,747 | +68.9% |
| Amounts payable after more than one year | 17 | €25,089 | €59,636 | +€34,546 | +137.7% |
| Financial debts | 170/4 | €25,089 | €59,636 | +€34,546 | +137.7% |
| Amounts payable within one year | 42/48 | €26,813 | €28,014 | +€1,201 | +4.5% |
| Current portion of amounts payable after more than one year | 42 | €8,454 | €4,476 | -€3,978 | -47.1% |
| Trade debts | 44 | €9,143 | €21,544 | +€12,400 | +135.6% |
| Suppliers | 440/4 | €9,143 | €21,544 | +€12,400 | +135.6% |
| Taxes, remuneration and social security | 45 | €215 | €1,994 | +€1,779 | +826.2% |
| Taxes | 450/3 | €215 | €1,994 | +€1,779 | +826.2% |
| Other amounts payable | 47/48 | €9,000 | - | -€9,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,137 | €4,436 | +€299 | +7.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €182 | +€182 | |
| Other operating charges | 640/8 | €298 | €149 | -€149 | -50.0% |
| Gross operating margin | 9900 | -€23,700 | -€21,657 | +€2,043 | +8.6% |
| Operating profit (loss) | 9901 | -€28,134 | -€26,424 | +€1,711 | +6.1% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,325 | €1,652 | +€327 | +24.6% |
| Recurring financial charges | 65 | €1,325 | €1,652 | +€327 | +24.6% |
| Profit (loss) for the period before taxes | 9903 | -€29,460 | -€28,076 | +€1,384 | +4.7% |
| Profit (loss) for the period | 9904 | -€29,460 | -€28,076 | +€1,384 | +4.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,460 | -€28,076 | +€1,384 | +4.7% |
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 7 October 2026 via checked.be.