VRAIM: 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.
VRAIM
Largest movements
- Cash -€87,782
down €87,782 (-82.0%), from €107,016 to €19,234
mainly Investment in fixed assets (net) (-€50,002) and Tax, wage and social debts (-€25,492)
- Financial fixed assets +€50,002
new in 2025: €50,002
- Receivables after one year +€14,969
up €14,969 (+48.3%), from €31,000 to €45,969
- Tax, wage and social debts -€25,492
down €25,492 (-82.8%), from €30,796 to €5,304
- Profit (loss) carried forward +€3,143
up €3,143 (+2.6%), from €120,332 to €123,475
- Trade debts -€2,865
down €2,865 (-58.3%), from €4,912 to €2,048
- Gross operating margin -€16,640
down €16,640 (-69.0%), from €24,119 to €7,479
- Taxes -€3,545
down €3,545 (-73.1%), from €4,852 to €1,307
- Financial income +€1,905
up €1,905 (+290.6%), from €655 to €2,560
- Financial charges -€842
down €842 (-21.1%), from €3,995 to €3,153
- Depreciation +€405
up €405 (+45.1%), from €898 to €1,303
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 | €167,142 | €141,371 | -€25,771 | -15.4% |
| Fixed assets | 21/28 | €4,853 | €53,552 | +€48,699 | +1003.5% |
| Tangible fixed assets | 22/27 | €4,853 | €3,550 | -€1,303 | -26.8% |
| Plant, machinery and equipment | 23 | €3,540 | €2,756 | -€784 | -22.1% |
| Furniture and vehicles | 24 | €1,313 | €794 | -€519 | -39.5% |
| Financial fixed assets | 28 | - | €50,002 | +€50,002 | |
| Current assets | 29/58 | €162,289 | €87,819 | -€74,470 | -45.9% |
| Amounts receivable after more than one year | 29 | €31,000 | €45,969 | +€14,969 | +48.3% |
| Other amounts receivable | 291 | €31,000 | €45,969 | +€14,969 | +48.3% |
| Amounts receivable within one year | 40/41 | €24,273 | €22,616 | -€1,657 | -6.8% |
| Trade receivables | 40 | €14,273 | - | -€14,273 | |
| Other amounts receivable | 41 | €10,000 | €22,616 | +€12,616 | +126.2% |
| Cash at bank and in hand | 54/58 | €107,016 | €19,234 | -€87,782 | -82.0% |
| Total equity and liabilities | 10/49 | €167,142 | €141,371 | -€25,771 | -15.4% |
| Equity | 10/15 | €122,332 | €125,475 | +€3,143 | +2.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €120,332 | €123,475 | +€3,143 | +2.6% |
| Amounts payable | 17/49 | €44,811 | €15,896 | -€28,915 | -64.5% |
| Amounts payable within one year | 42/48 | €40,705 | €11,718 | -€28,987 | -71.2% |
| Trade debts | 44 | €4,912 | €2,048 | -€2,865 | -58.3% |
| Suppliers | 440/4 | €4,912 | €2,048 | -€2,865 | -58.3% |
| Taxes, remuneration and social security | 45 | €30,796 | €5,304 | -€25,492 | -82.8% |
| Taxes | 450/3 | €30,796 | €5,304 | -€25,492 | -82.8% |
| Other amounts payable | 47/48 | €4,996 | €4,366 | -€630 | -12.6% |
| Accrued charges and deferred income | 492/3 | €4,106 | €4,178 | +€72 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €898 | €1,303 | +€405 | +45.1% |
| Other operating charges | 640/8 | €757 | €1,133 | +€376 | +49.7% |
| Gross operating margin | 9900 | €24,119 | €7,479 | -€16,640 | -69.0% |
| Operating profit (loss) | 9901 | €22,464 | €5,044 | -€17,421 | -77.5% |
| Financial income | 75/76B | €655 | €2,560 | +€1,905 | +290.6% |
| Recurring financial income | 75 | €655 | €2,560 | +€1,905 | +290.6% |
| Financial charges | 65/66B | €3,995 | €3,153 | -€842 | -21.1% |
| Recurring financial charges | 65 | €3,995 | €3,153 | -€842 | -21.1% |
| Profit (loss) for the period before taxes | 9903 | €19,125 | €4,451 | -€14,674 | -76.7% |
| Income taxes | 67/77 | €4,852 | €1,307 | -€3,545 | -73.1% |
| Profit (loss) for the period | 9904 | €14,273 | €3,143 | -€11,130 | -78.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,273 | €3,143 | -€11,130 | -78.0% |
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 12 October 2026 via checked.be.