VRC CONSTRUCT: 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.
VRC CONSTRUCT
Largest movements
- Receivables within one year -€25,294
down €25,294 (-48.5%), from €52,127 to €26,833
of which Trade receivables: -€22,664
- Cash -€5,447
down €5,447 (-59.4%), from €9,167 to €3,720
mainly Other debts (-€39,390) and Investment in fixed assets (net) (-€1,921)
- Tangible fixed assets +€1,128
up €1,128 (+207.1%), from €545 to €1,673
- Other debts -€39,390
no longer reported in 2025 (was €39,390)
- Trade debts +€9,039
up €9,039 (+121.6%), from €7,433 to €16,473
- Tax, wage and social debts +€1,731
up €1,731 (+43.6%), from €3,965 to €5,696
- Turnover -€236,121
no longer reported in 2025 (was €236,121)
- Purchases and services +€114,092
up €114,092 (+53.3%), from €213,936 to €328,029
- Gross operating margin -€12,140
down €12,140 (-53.9%), from €22,522 to €10,382
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 | €62,423 | €33,232 | -€29,191 | -46.8% |
| Fixed assets | 21/28 | €545 | €1,673 | +€1,128 | +207.1% |
| Tangible fixed assets | 22/27 | €545 | €1,673 | +€1,128 | +207.1% |
| Furniture and vehicles | 24 | €545 | €1,673 | +€1,128 | +207.1% |
| Current assets | 29/58 | €61,878 | €31,559 | -€30,319 | -49.0% |
| Amounts receivable within one year | 40/41 | €52,127 | €26,833 | -€25,294 | -48.5% |
| Trade receivables | 40 | €43,380 | €20,717 | -€22,664 | -52.2% |
| Other amounts receivable | 41 | €8,747 | €6,117 | -€2,631 | -30.1% |
| Cash at bank and in hand | 54/58 | €9,167 | €3,720 | -€5,447 | -59.4% |
| Deferred charges and accrued income | 490/1 | €584 | €1,006 | +€422 | +72.2% |
| Total equity and liabilities | 10/49 | €62,423 | €33,232 | -€29,191 | -46.8% |
| Equity | 10/15 | €11,635 | €11,064 | -€571 | -4.9% |
| Contributions | 10/11 | €300 | €300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,335 | €10,764 | -€571 | -5.0% |
| Amounts payable | 17/49 | €50,788 | €22,168 | -€28,620 | -56.4% |
| Amounts payable within one year | 42/48 | €50,788 | €22,168 | -€28,620 | -56.4% |
| Trade debts | 44 | €7,433 | €16,473 | +€9,039 | +121.6% |
| Suppliers | 440/4 | €7,433 | €16,473 | +€9,039 | +121.6% |
| Taxes, remuneration and social security | 45 | €3,965 | €5,696 | +€1,731 | +43.6% |
| Taxes | 450/3 | €3,965 | €5,696 | +€1,731 | +43.6% |
| Other amounts payable | 47/48 | €39,390 | - | -€39,390 | |
| Turnover | 70 | €236,121 | - | -€236,121 | |
| Non-recurring operating income | 76A | €338 | €338,411 | +€338,073 | +100125.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €213,936 | €328,029 | +€114,092 | +53.3% |
| Remuneration, social security and pensions | 62 | €1,868 | €2,560 | +€692 | +37.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33 | €793 | +€760 | +2325.2% |
| Other operating charges | 640/8 | €1,053 | €1,934 | +€881 | +83.7% |
| Gross operating margin | 9900 | €22,522 | €10,382 | -€12,140 | -53.9% |
| Operating profit (loss) | 9901 | €19,568 | €5,095 | -€14,473 | -74.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €4,268 | €3,935 | -€333 | -7.8% |
| Recurring financial charges | 65 | €4,268 | €3,885 | -€383 | -9.0% |
| Non-recurring financial charges | 66B | - | €50 | +€50 | |
| Profit (loss) for the period before taxes | 9903 | €15,300 | €1,159 | -€14,140 | -92.4% |
| Income taxes | 67/77 | €3,965 | €1,731 | -€2,234 | -56.4% |
| Profit (loss) for the period | 9904 | €11,335 | -€571 | -€11,906 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,335 | -€571 | -€11,906 |
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 9 October 2026 via checked.be.