VRICAN: 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.
VRICAN
Largest movements
- Cash -€255,013
down €255,013 (-64.7%), from €394,197 to €139,184
mainly Current investments (-€200,749) and Other debts (-€120,211)
- Current investments +€200,749
up €200,749 (+128.7%), from €155,933 to €356,681
- Receivables within one year -€14,378
no longer reported in 2025 (was €14,378)
- Deferred charges and accrued income +€10,320
up €10,320 (+6.2%), from €165,472 to €175,793
- Other debts -€120,211
down €120,211 (-90.5%), from €132,791 to €12,580
- Reserves +€62,887
up €62,887 (+10.9%), from €577,281 to €640,168
- Trade debts -€14,550
down €14,550 (-93.6%), from €15,549 to €999
- Taxes -€9,082
down €9,082 (-13.6%), from €66,609 to €57,527
- Financial charges +€7,095
up €7,095, from -€3,831 to €3,264
- Gross operating margin +€3,137
up €3,137 (+1.5%), from €203,958 to €207,095
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 | €775,082 | €711,491 | -€63,591 | -8.2% |
| Fixed assets | 21/28 | €45,102 | €39,833 | -€5,269 | -11.7% |
| Tangible fixed assets | 22/27 | €45,102 | €39,833 | -€5,269 | -11.7% |
| Land and buildings | 22 | €41,804 | €36,962 | -€4,842 | -11.6% |
| Furniture and vehicles | 24 | €3,298 | €2,870 | -€428 | -13.0% |
| Current assets | 29/58 | €729,980 | €671,658 | -€58,321 | -8.0% |
| Amounts receivable within one year | 40/41 | €14,378 | - | -€14,378 | |
| Trade receivables | 40 | €14,378 | - | -€14,378 | |
| Current investments | 50/53 | €155,933 | €356,681 | +€200,749 | +128.7% |
| Cash at bank and in hand | 54/58 | €394,197 | €139,184 | -€255,013 | -64.7% |
| Deferred charges and accrued income | 490/1 | €165,472 | €175,793 | +€10,320 | +6.2% |
| Total equity and liabilities | 10/49 | €775,082 | €711,491 | -€63,591 | -8.2% |
| Equity | 10/15 | €589,681 | €652,568 | +€62,887 | +10.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €577,281 | €640,168 | +€62,887 | +10.9% |
| Distributable reserves | 133 | €577,281 | €640,168 | +€62,887 | +10.9% |
| Amounts payable | 17/49 | €185,401 | €58,923 | -€126,478 | -68.2% |
| Amounts payable within one year | 42/48 | €185,401 | €58,923 | -€126,478 | -68.2% |
| Financial debts | 43 | - | €3,361 | +€3,361 | |
| Credit institutions | 430/8 | - | €3,361 | +€3,361 | |
| Trade debts | 44 | €15,549 | €999 | -€14,550 | -93.6% |
| Suppliers | 440/4 | €15,549 | €999 | -€14,550 | -93.6% |
| Taxes, remuneration and social security | 45 | €37,061 | €41,984 | +€4,923 | +13.3% |
| Taxes | 450/3 | €37,061 | €41,984 | +€4,923 | +13.3% |
| Other amounts payable | 47/48 | €132,791 | €12,580 | -€120,211 | -90.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,323 | €6,768 | +€445 | +7.0% |
| Other operating charges | 640/8 | €1,159 | €2,489 | +€1,331 | +114.8% |
| Gross operating margin | 9900 | €203,958 | €207,095 | +€3,137 | +1.5% |
| Operating profit (loss) | 9901 | €196,477 | €197,838 | +€1,361 | +0.7% |
| Financial income | 75/76B | €9,187 | €8,592 | -€595 | -6.5% |
| Recurring financial income | 75 | €9,187 | €8,592 | -€595 | -6.5% |
| Financial charges | 65/66B | -€3,831 | €3,264 | +€7,095 | |
| Recurring financial charges | 65 | -€3,831 | €3,264 | +€7,095 | |
| Profit (loss) for the period before taxes | 9903 | €209,494 | €203,165 | -€6,329 | -3.0% |
| Income taxes | 67/77 | €66,609 | €57,527 | -€9,082 | -13.6% |
| Profit (loss) for the period | 9904 | €142,885 | €145,638 | +€2,753 | +1.9% |
| Profit (loss) for the period to be appropriated | 9905 | €142,885 | €145,638 | +€2,753 | +1.9% |
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 11 October 2026 via checked.be.