Vrenco: 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.
Vrenco
Largest movements
- Cash +€11,064
up €11,064 (+321.2%), from €3,444 to €14,508
mainly Net result for the year (+€14,538) and Tax, wage and social debts (+€5,812)
- Tangible fixed assets +€6,824
new in 2025: €6,824
- Deferred charges and accrued income +€1,534
up €1,534 (+52.9%), from €2,899 to €4,434
- Receivables within one year +€1,530
up €1,530 (+72.5%), from €2,112 to €3,642
- Profit (loss) carried forward +€14,538
up €14,538 (+1420.1%), from €1,024 to €15,562
- Tax, wage and social debts +€5,812
up €5,812 (+190.4%), from €3,052 to €8,864
- Trade debts +€602
up €602 (+25.3%), from €2,379 to €2,981
- Gross operating margin +€26,683
up €26,683, from -€4,429 to €22,253
- Taxes +€5,933
up €5,933 (+1527.7%), from €388 to €6,321
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 | €8,455 | €29,407 | +€20,952 | +247.8% |
| Fixed assets | 21/28 | - | €6,824 | +€6,824 | |
| Tangible fixed assets | 22/27 | - | €6,824 | +€6,824 | |
| Furniture and vehicles | 24 | - | €6,824 | +€6,824 | |
| Current assets | 29/58 | €8,455 | €22,583 | +€14,128 | +167.1% |
| Amounts receivable within one year | 40/41 | €2,112 | €3,642 | +€1,530 | +72.5% |
| Other amounts receivable | 41 | €2,112 | €3,642 | +€1,530 | +72.5% |
| Cash at bank and in hand | 54/58 | €3,444 | €14,508 | +€11,064 | +321.2% |
| Deferred charges and accrued income | 490/1 | €2,899 | €4,434 | +€1,534 | +52.9% |
| Total equity and liabilities | 10/49 | €8,455 | €29,407 | +€20,952 | +247.8% |
| Equity | 10/15 | €3,024 | €17,562 | +€14,538 | +480.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,024 | €15,562 | +€14,538 | +1420.1% |
| Amounts payable | 17/49 | €5,431 | €11,845 | +€6,413 | +118.1% |
| Amounts payable within one year | 42/48 | €5,431 | €11,845 | +€6,413 | +118.1% |
| Trade debts | 44 | €2,379 | €2,981 | +€602 | +25.3% |
| Suppliers | 440/4 | €2,379 | €2,981 | +€602 | +25.3% |
| Taxes, remuneration and social security | 45 | €3,052 | €8,864 | +€5,812 | +190.4% |
| Taxes | 450/3 | €3,052 | €8,864 | +€5,812 | +190.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €195 | +€195 | |
| Other operating charges | 640/8 | €969 | €961 | -€8 | -0.8% |
| Gross operating margin | 9900 | -€4,429 | €22,253 | +€26,683 | |
| Operating profit (loss) | 9901 | -€5,398 | €21,097 | +€26,495 | |
| Financial income | 75/76B | €3 | €1 | -€2 | -70.5% |
| Recurring financial income | 75 | €3 | €1 | -€2 | -70.5% |
| Financial charges | 65/66B | €383 | €239 | -€145 | -37.7% |
| Recurring financial charges | 65 | €383 | €239 | -€145 | -37.7% |
| Profit (loss) for the period before taxes | 9903 | -€5,778 | €20,859 | +€26,637 | |
| Income taxes | 67/77 | €388 | €6,321 | +€5,933 | +1527.7% |
| Profit (loss) for the period | 9904 | -€6,166 | €14,538 | +€20,705 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,166 | €14,538 | +€20,705 |
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 10 October 2026 via checked.be.