VRH 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.
VRH GROUP
Largest movements
- Receivables within one year -€21,577
down €21,577 (-100.0%), from €21,578 to €1
of which Trade receivables: -€20,350
- Cash +€7,281
up €7,281 (+1628.3%), from €447 to €7,728
mainly Receivables within one year (+€21,577) and Deferred charges and accrued income (+€7,000)
- Deferred charges and accrued income -€7,000
down €7,000 (-100.0%), from €7,000 to €0
- Other debts -€20,569
down €20,569 (-89.3%), from €23,031 to €2,462
- Trade debts -€6,828
down €6,828 (-100.0%), from €6,828 to €0
- Tax, wage and social debts +€4,026
new in 2026: €4,026
- Reserves +€1,182
new in 2026: €1,182
- Profit (loss) carried forward +€893
up €893, from -€893 to €0
- Gross operating margin -€19,699
down €19,699 (-83.6%), from €23,554 to €3,855
- Other operating charges -€4,928
down €4,928 (-90.3%), from €5,456 to €528
- Taxes +€877
new in 2026: €877
- Depreciation -€297
down €297 (-100.0%), from €297 to €0
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €29,026 | €7,730 | -€21,296 | -73.4% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €29,026 | €7,730 | -€21,296 | -73.4% |
| Amounts receivable within one year | 40/41 | €21,578 | €1 | -€21,577 | -100.0% |
| Trade receivables | 40 | €20,350 | €0 | -€20,350 | -100.0% |
| Other amounts receivable | 41 | €1,228 | €1 | -€1,227 | -99.9% |
| Cash at bank and in hand | 54/58 | €447 | €7,728 | +€7,281 | +1628.3% |
| Deferred charges and accrued income | 490/1 | €7,000 | €0 | -€7,000 | -100.0% |
| Total equity and liabilities | 10/49 | €29,026 | €7,730 | -€21,296 | -73.4% |
| Equity | 10/15 | -€833 | €1,242 | +€2,074 | |
| Contributions | 10/11 | €60 | €60 | = | 0.0% |
| Reserves | 13 | - | €1,182 | +€1,182 | |
| Distributable reserves | 133 | - | €1,182 | +€1,182 | |
| Profit (loss) carried forward | 14 | -€893 | €0 | +€893 | |
| Amounts payable | 17/49 | €29,858 | €6,488 | -€23,370 | -78.3% |
| Amounts payable within one year | 42/48 | €29,858 | €6,488 | -€23,370 | -78.3% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €6,828 | €0 | -€6,828 | -100.0% |
| Suppliers | 440/4 | €6,828 | €0 | -€6,828 | -100.0% |
| Taxes, remuneration and social security | 45 | - | €4,026 | +€4,026 | |
| Taxes | 450/3 | - | €4,026 | +€4,026 | |
| Other amounts payable | 47/48 | €23,031 | €2,462 | -€20,569 | -89.3% |
| Remuneration, social security and pensions | 62 | €179 | €0 | -€179 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €297 | €0 | -€297 | -100.0% |
| Other operating charges | 640/8 | €5,456 | €528 | -€4,928 | -90.3% |
| Gross operating margin | 9900 | €23,554 | €3,855 | -€19,699 | -83.6% |
| Operating profit (loss) | 9901 | €17,623 | €3,328 | -€14,295 | -81.1% |
| Financial income | 75/76B | €0 | €16 | +€16 | |
| Recurring financial income | 75 | €0 | €16 | +€16 | |
| Financial charges | 65/66B | €464 | €392 | -€72 | -15.6% |
| Recurring financial charges | 65 | €464 | €392 | -€72 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | €17,158 | €2,952 | -€14,207 | -82.8% |
| Income taxes | 67/77 | - | €877 | +€877 | |
| Profit (loss) for the period | 9904 | €17,158 | €2,074 | -€15,084 | -87.9% |
| Profit (loss) for the period to be appropriated | 9905 | €17,158 | €2,074 | -€15,084 | -87.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.