VRETOM: what changed
Two fiscal 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.
VRETOM
Largest movements
- Cash +€16,192
up €16,192 (+65.3%), from €24,795 to €40,987
mainly Net result for the year (+€31,753) and Depreciation (+€11,973)
- Tangible fixed assets -€10,636
down €10,636 (-24.6%), from €43,213 to €32,578
of which Leasing and similar rights: -€10,784
- Receivables within one year +€4,865
up €4,865 (+44.9%), from €10,842 to €15,706
of which Trade receivables: +€4,865
- Deferred charges and accrued income -€2,248
down €2,248 (-65.1%), from €3,452 to €1,204
- Reserves +€31,753
up €31,753 (+396.9%), from €8,000 to €39,753
- Other debts -€19,636
down €19,636 (-100.0%), from €19,637 to €1
- Debts after one year -€10,920
down €10,920 (-36.2%), from €30,205 to €19,285
- Tax, wage and social debts +€7,687
up €7,687 (+119.3%), from €6,444 to €14,131
- Trade debts -€1,174
down €1,174 (-45.9%), from €2,559 to €1,385
- Gross operating margin +€38,252
up €38,252 (+245.7%), from €15,569 to €53,821
- Taxes +€7,767
up €7,767 (+1453.5%), from €534 to €8,302
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 | €82,302 | €90,474 | +€8,173 | +9.9% |
| Fixed assets | 21/28 | €43,213 | €32,578 | -€10,636 | -24.6% |
| Tangible fixed assets | 22/27 | €43,213 | €32,578 | -€10,636 | -24.6% |
| Plant, machinery and equipment | 23 | €2,885 | €2,299 | -€586 | -20.3% |
| Furniture and vehicles | 24 | €384 | €1,118 | +€734 | +191.5% |
| Leasing and similar rights | 25 | €39,945 | €29,161 | -€10,784 | -27.0% |
| Current assets | 29/58 | €39,088 | €57,897 | +€18,808 | +48.1% |
| Amounts receivable within one year | 40/41 | €10,842 | €15,706 | +€4,865 | +44.9% |
| Trade receivables | 40 | €10,842 | €15,706 | +€4,865 | +44.9% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €24,795 | €40,987 | +€16,192 | +65.3% |
| Deferred charges and accrued income | 490/1 | €3,452 | €1,204 | -€2,248 | -65.1% |
| Total equity and liabilities | 10/49 | €82,302 | €90,474 | +€8,173 | +9.9% |
| Equity | 10/15 | €13,000 | €44,753 | +€31,753 | +244.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €8,000 | €39,753 | +€31,753 | +396.9% |
| Distributable reserves | 133 | €8,000 | €39,753 | +€31,753 | +396.9% |
| Amounts payable | 17/49 | €69,302 | €45,722 | -€23,581 | -34.0% |
| Amounts payable after more than one year | 17 | €30,205 | €19,285 | -€10,920 | -36.2% |
| Financial debts | 170/4 | €30,205 | €19,285 | -€10,920 | -36.2% |
| Amounts payable within one year | 42/48 | €39,097 | €26,437 | -€12,660 | -32.4% |
| Current portion of amounts payable after more than one year | 42 | €10,458 | €10,920 | +€463 | +4.4% |
| Trade debts | 44 | €2,559 | €1,385 | -€1,174 | -45.9% |
| Suppliers | 440/4 | €2,559 | €1,385 | -€1,174 | -45.9% |
| Taxes, remuneration and social security | 45 | €6,444 | €14,131 | +€7,687 | +119.3% |
| Taxes | 450/3 | €6,444 | €14,131 | +€7,687 | +119.3% |
| Other amounts payable | 47/48 | €19,637 | €1 | -€19,636 | -100.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,791 | €11,973 | +€182 | +1.5% |
| Other operating charges | 640/8 | €62 | €62 | = | 0.0% |
| Gross operating margin | 9900 | €15,569 | €53,821 | +€38,252 | +245.7% |
| Operating profit (loss) | 9901 | €3,716 | €41,786 | +€38,070 | +1024.5% |
| Financial income | 75/76B | €0 | €1 | +€1 | +2000.0% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +2000.0% |
| Financial charges | 65/66B | €2,123 | €1,732 | -€392 | -18.4% |
| Recurring financial charges | 65 | €2,123 | €1,732 | -€392 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | €1,593 | €40,055 | +€38,462 | +2414.9% |
| Income taxes | 67/77 | €534 | €8,302 | +€7,767 | +1453.5% |
| Profit (loss) for the period | 9904 | €1,058 | €31,753 | +€30,695 | +2900.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,058 | €31,753 | +€30,695 | +2900.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.