VRC Group: 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 Group
Largest movements
- Receivables within one year +€19,469
up €19,469 (+162%), from €12,048 to €31,518
of which Trade receivables: +€14,444
- Tangible fixed assets +€7,465
up €7,465 (+12.7%), from €58,971 to €66,436
of which Furniture and vehicles: +€11,646
- Profit (loss) carried forward +€16,885
up €16,885 (+34.3%), from €49,232 to €66,117
- Tax, wage and social debts +€10,428
up €10,428 (+57.6%), from €18,090 to €28,518
of which Remuneration and social security: +€6,241
- Staff costs +€34,708
up €34,708 (+388%), from €8,938 to €43,646
- Taxes -€7,825
down €7,825 (-60.1%), from €13,013 to €5,187
- Gross operating margin -€5,141
down €5,141 (-6.1%), from €84,845 to €79,705
From the 2023 result to the 2024 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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €71,732 | €99,160 | +€27,428 | +38.2% |
| Fixed assets | 21/28 | €58,971 | €66,436 | +€7,465 | +12.7% |
| Tangible fixed assets | 22/27 | €58,971 | €66,436 | +€7,465 | +12.7% |
| Plant, machinery and equipment | 23 | €2,197 | €1,764 | -€433 | -19.7% |
| Furniture and vehicles | 24 | €6,733 | €18,379 | +€11,646 | +173% |
| Other tangible fixed assets | 26 | €50,041 | €46,294 | -€3,747 | -7.5% |
| Current assets | 29/58 | €12,761 | €32,724 | +€19,963 | +156% |
| Amounts receivable within one year | 40/41 | €12,048 | €31,518 | +€19,469 | +162% |
| Trade receivables | 40 | €6,451 | €20,895 | +€14,444 | +224% |
| Other amounts receivable | 41 | €5,598 | €10,623 | +€5,025 | +89.8% |
| Cash at bank and in hand | 54/58 | €225 | €1,189 | +€964 | +428% |
| Deferred charges and accrued income | 490/1 | €487 | €17 | -€470 | -96.4% |
| Total equity and liabilities | 10/49 | €71,732 | €99,160 | +€27,428 | +38.2% |
| Equity | 10/15 | €52,232 | €69,117 | +€16,885 | +32.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,232 | €66,117 | +€16,885 | +34.3% |
| Amounts payable | 17/49 | €19,500 | €30,043 | +€10,543 | +54.1% |
| Amounts payable within one year | 42/48 | €19,500 | €30,043 | +€10,543 | +54.1% |
| Trade debts | 44 | €1,410 | €1,525 | +€115 | +8.1% |
| Suppliers | 440/4 | €1,410 | €1,525 | +€115 | +8.1% |
| Taxes, remuneration and social security | 45 | €18,090 | €28,518 | +€10,428 | +57.6% |
| Taxes | 450/3 | €15,013 | €19,200 | +€4,187 | +27.9% |
| Remuneration and social security | 454/9 | €3,077 | €9,318 | +€6,241 | +203% |
| Remuneration, social security and pensions | 62 | €8,938 | €43,646 | +€34,708 | +388% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,626 | €10,423 | +€797 | +8.3% |
| Other operating charges | 640/8 | €800 | €937 | +€137 | +17.2% |
| Gross operating margin | 9900 | €84,845 | €79,705 | -€5,141 | -6.1% |
| Operating profit (loss) | 9901 | €65,482 | €24,699 | -€40,783 | -62.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,238 | €2,626 | -€611 | -18.9% |
| Recurring financial charges | 65 | €3,238 | €2,626 | -€611 | -18.9% |
| Profit (loss) for the period before taxes | 9903 | €62,244 | €22,073 | -€40,171 | -64.5% |
| Income taxes | 67/77 | €13,013 | €5,187 | -€7,825 | -60.1% |
| Profit (loss) for the period | 9904 | €49,232 | €16,885 | -€32,346 | -65.7% |
| Profit (loss) for the period to be appropriated | 9905 | €49,232 | €16,885 | -€32,346 | -65.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.