VRECKOM: 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.
VRECKOM
Largest movements
- Tangible fixed assets -€7,680
down €7,680 (-2.1%), from €370,586 to €362,906
of which Land and buildings: -€12,039
- Receivables within one year +€6,866
up €6,866 (+43.5%), from €15,779 to €22,646
of which Trade receivables: +€6,861
- Cash -€5,468
down €5,468 (-9.9%), from €54,966 to €49,498
mainly Net result for the year (-€21,376) and Investment in fixed assets (net) (-€19,091)
- Profit (loss) carried forward -€21,376
down €21,376 (-6.6%), from -€322,273 to -€343,649
- Trade debts +€15,137
up €15,137 (+127%), from €11,875 to €27,012
- Gross operating margin -€23,199
down €23,199 (-46.2%), from €50,231 to €27,032
- Depreciation -€1,176
down €1,176 (-4.1%), from €28,517 to €27,341
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.
Derived cash bridge
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 | €498,924 | €491,914 | -€7,011 | -1.4% |
| Fixed assets | 21/28 | €371,644 | €363,394 | -€8,250 | -2.2% |
| Intangible fixed assets | 21 | €1,058 | €488 | -€570 | -53.9% |
| Tangible fixed assets | 22/27 | €370,586 | €362,906 | -€7,680 | -2.1% |
| Land and buildings | 22 | €353,851 | €341,811 | -€12,039 | -3.4% |
| Plant, machinery and equipment | 23 | €7,048 | €4,361 | -€2,687 | -38.1% |
| Furniture and vehicles | 24 | €9,688 | €16,734 | +€7,046 | +72.7% |
| Current assets | 29/58 | €127,280 | €128,519 | +€1,239 | +1.0% |
| Stocks and contracts in progress | 3 | €49,326 | €48,250 | -€1,076 | -2.2% |
| Stocks | 30/36 | €49,326 | €48,250 | -€1,076 | -2.2% |
| Amounts receivable within one year | 40/41 | €15,779 | €22,646 | +€6,866 | +43.5% |
| Trade receivables | 40 | €15,775 | €22,636 | +€6,861 | +43.5% |
| Other amounts receivable | 41 | €5 | €10 | +€5 | +101% |
| Cash at bank and in hand | 54/58 | €54,966 | €49,498 | -€5,468 | -9.9% |
| Deferred charges and accrued income | 490/1 | €7,208 | €8,126 | +€918 | +12.7% |
| Total equity and liabilities | 10/49 | €498,924 | €491,914 | -€7,011 | -1.4% |
| Equity | 10/15 | €57,727 | €36,351 | -€21,376 | -37.0% |
| Contributions | 10/11 | €380,000 | €380,000 | = | 0.0% |
| Capital | 10 | €380,000 | €380,000 | = | 0.0% |
| Issued capital | 100 | €380,000 | €380,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€322,273 | -€343,649 | -€21,376 | -6.6% |
| Amounts payable | 17/49 | €441,197 | €455,563 | +€14,365 | +3.3% |
| Amounts payable within one year | 42/48 | €437,034 | €449,925 | +€12,891 | +2.9% |
| Trade debts | 44 | €11,875 | €27,012 | +€15,137 | +127% |
| Suppliers | 440/4 | €11,875 | €27,012 | +€15,137 | +127% |
| Advances received on contracts in progress | 46 | €8,925 | €9,169 | +€245 | +2.7% |
| Taxes, remuneration and social security | 45 | €3,272 | €2,631 | -€640 | -19.6% |
| Taxes | 450/3 | €1,758 | €1,973 | +€215 | +12.2% |
| Remuneration and social security | 454/9 | €1,513 | €658 | -€855 | -56.5% |
| Other amounts payable | 47/48 | €412,963 | €411,113 | -€1,850 | -0.4% |
| Accrued charges and deferred income | 492/3 | €4,163 | €5,637 | +€1,474 | +35.4% |
| Non-recurring operating income | 76A | €1,157 | €3,760 | +€2,603 | +225% |
| Remuneration, social security and pensions | 62 | €18,148 | €18,183 | +€34 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,517 | €27,341 | -€1,176 | -4.1% |
| Other operating charges | 640/8 | €2,387 | €2,731 | +€344 | +14.4% |
| Gross operating margin | 9900 | €50,231 | €27,032 | -€23,199 | -46.2% |
| Operating profit (loss) | 9901 | €1,178 | -€21,223 | -€22,400 | |
| Financial income | 75/76B | €60 | €69 | +€9 | +14.4% |
| Recurring financial income | 75 | €60 | €69 | +€9 | +14.4% |
| Financial charges | 65/66B | €162 | €222 | +€60 | +37.1% |
| Recurring financial charges | 65 | €162 | €222 | +€60 | +37.1% |
| Profit (loss) for the period before taxes | 9903 | €1,076 | -€21,376 | -€22,452 | |
| Profit (loss) for the period | 9904 | €1,076 | -€21,376 | -€22,452 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,076 | -€21,376 | -€22,452 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.