VREG TECHNOLOGIES: 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.
VREG TECHNOLOGIES
Largest movements
- Cash -€66,311
down €66,311 (-61.2%), from €108,291 to €41,980
mainly Contributions, distributions and other (-€90,550) and Trade debts (-€7,407)
- Tangible fixed assets -€3,479
down €3,479 (-27.1%), from €12,857 to €9,377
of which Plant, machinery and equipment: -€2,680
- Receivables within one year +€2,620
up €2,620 (+18.4%), from €14,212 to €16,832
- Profit (loss) carried forward -€56,154
down €56,154 (-74.3%), from €75,550 to €19,397
- Trade debts -€7,407
down €7,407 (-92.9%), from €7,969 to €562
- Tax, wage and social debts -€4,360
down €4,360 (-12.7%), from €34,259 to €29,900
of which Remuneration and social security: -€8,451
- Turnover +€246,404
new in 2025: €246,404
- Purchases and services +€138,155
new in 2025: €138,155
- Gross operating margin -€95,677
down €95,677 (-46.4%), from €206,012 to €110,335
- Staff costs -€42,958
down €42,958 (-44.3%), from €97,081 to €54,122
- Taxes -€12,662
down €12,662 (-53.0%), from €23,887 to €11,224
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 | €136,629 | €68,467 | -€68,163 | -49.9% |
| Fixed assets | 21/28 | €12,857 | €9,377 | -€3,479 | -27.1% |
| Tangible fixed assets | 22/27 | €12,857 | €9,377 | -€3,479 | -27.1% |
| Plant, machinery and equipment | 23 | €9,204 | €6,524 | -€2,680 | -29.1% |
| Furniture and vehicles | 24 | €3,653 | €2,853 | -€800 | -21.9% |
| Current assets | 29/58 | €123,773 | €59,089 | -€64,683 | -52.3% |
| Amounts receivable within one year | 40/41 | €14,212 | €16,832 | +€2,620 | +18.4% |
| Trade receivables | 40 | €14,212 | €16,832 | +€2,620 | +18.4% |
| Cash at bank and in hand | 54/58 | €108,291 | €41,980 | -€66,311 | -61.2% |
| Deferred charges and accrued income | 490/1 | €1,269 | €278 | -€992 | -78.1% |
| Total equity and liabilities | 10/49 | €136,629 | €68,467 | -€68,163 | -49.9% |
| Equity | 10/15 | €94,150 | €37,997 | -€56,154 | -59.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €75,550 | €19,397 | -€56,154 | -74.3% |
| Amounts payable | 17/49 | €42,479 | €30,470 | -€12,009 | -28.3% |
| Amounts payable within one year | 42/48 | €42,229 | €30,470 | -€11,759 | -27.8% |
| Trade debts | 44 | €7,969 | €562 | -€7,407 | -92.9% |
| Suppliers | 440/4 | €7,969 | €562 | -€7,407 | -92.9% |
| Taxes, remuneration and social security | 45 | €34,259 | €29,900 | -€4,360 | -12.7% |
| Taxes | 450/3 | €20,834 | €24,925 | +€4,091 | +19.6% |
| Remuneration and social security | 454/9 | €13,425 | €4,974 | -€8,451 | -62.9% |
| Other amounts payable | 47/48 | - | €8 | +€8 | |
| Accrued charges and deferred income | 492/3 | €250 | - | -€250 | |
| Turnover | 70 | - | €246,404 | +€246,404 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €138,155 | +€138,155 | |
| Remuneration, social security and pensions | 62 | €97,081 | €54,122 | -€42,958 | -44.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,755 | €3,479 | +€724 | +26.3% |
| Other operating charges | 640/8 | €6,600 | €6,903 | +€303 | +4.6% |
| Gross operating margin | 9900 | €206,012 | €110,335 | -€95,677 | -46.4% |
| Operating profit (loss) | 9901 | €99,576 | €45,830 | -€53,746 | -54.0% |
| Financial income | 75/76B | €20 | €4 | -€17 | -82.5% |
| Recurring financial income | 75 | €20 | €4 | -€17 | -82.5% |
| Financial charges | 65/66B | €159 | €213 | +€54 | +33.6% |
| Recurring financial charges | 65 | €159 | €213 | +€54 | +33.6% |
| Profit (loss) for the period before taxes | 9903 | €99,437 | €45,621 | -€53,816 | -54.1% |
| Income taxes | 67/77 | €23,887 | €11,224 | -€12,662 | -53.0% |
| Profit (loss) for the period | 9904 | €75,550 | €34,397 | -€41,154 | -54.5% |
| Profit (loss) for the period to be appropriated | 9905 | €75,550 | €34,397 | -€41,154 | -54.5% |
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.