VRIEND & BK: 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.
VRIEND & BK
Largest movements
- Receivables within one year +€110,538
up €110,538 (+189%), from €58,606 to €169,144
of which Other amounts receivable: +€62,404
- Cash -€94,825
down €94,825 (-100%), from €94,825 to €0
mainly Receivables within one year (-€110,538) and Tax, wage and social debts (-€21,706)
- Tangible fixed assets -€12,907
down €12,907 (-30.4%), from €42,402 to €29,495
of which Furniture and vehicles: -€9,936
- Tax, wage and social debts -€21,706
down €21,706 (-46.4%), from €46,795 to €25,089
of which Taxes: -€20,859
- Short-term financial debts +€11,740
new in 2025: €11,740
- Profit (loss) carried forward +€10,523
up €10,523 (+62.1%), from €16,948 to €27,471
- Trade debts +€2,249
up €2,249 (+7.0%), from €32,295 to €34,544
- Gross operating margin -€27,770
down €27,770 (-19.2%), from €144,705 to €116,935
- Staff costs -€15,686
down €15,686 (-15.4%), from €102,135 to €86,450
- Depreciation -€3,030
down €3,030 (-19.0%), from €15,937 to €12,907
- Financial income +€2,153
up €2,153 (+349%), from €617 to €2,771
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.
Derived cash bridge
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 | €195,833 | €198,639 | +€2,806 | +1.4% |
| Fixed assets | 21/28 | €42,402 | €29,495 | -€12,907 | -30.4% |
| Tangible fixed assets | 22/27 | €42,402 | €29,495 | -€12,907 | -30.4% |
| Plant, machinery and equipment | 23 | €5,964 | €2,993 | -€2,971 | -49.8% |
| Furniture and vehicles | 24 | €36,437 | €26,502 | -€9,936 | -27.3% |
| Current assets | 29/58 | €153,431 | €169,144 | +€15,713 | +10.2% |
| Amounts receivable within one year | 40/41 | €58,606 | €169,144 | +€110,538 | +189% |
| Trade receivables | 40 | €36,300 | €84,434 | +€48,134 | +133% |
| Other amounts receivable | 41 | €22,306 | €84,710 | +€62,404 | +280% |
| Cash at bank and in hand | 54/58 | €94,825 | €0 | -€94,825 | -100% |
| Total equity and liabilities | 10/49 | €195,833 | €198,639 | +€2,806 | +1.4% |
| Equity | 10/15 | €116,743 | €127,266 | +€10,523 | +9.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €89,795 | €89,795 | = | 0.0% |
| Distributable reserves | 133 | €89,795 | €89,795 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,948 | €27,471 | +€10,523 | +62.1% |
| Amounts payable | 17/49 | €79,090 | €71,373 | -€7,717 | -9.8% |
| Amounts payable within one year | 42/48 | €79,090 | €71,373 | -€7,717 | -9.8% |
| Financial debts | 43 | - | €11,740 | +€11,740 | |
| Credit institutions | 430/8 | - | €11,740 | +€11,740 | |
| Trade debts | 44 | €32,295 | €34,544 | +€2,249 | +7.0% |
| Suppliers | 440/4 | €32,295 | €34,544 | +€2,249 | +7.0% |
| Taxes, remuneration and social security | 45 | €46,795 | €25,089 | -€21,706 | -46.4% |
| Taxes | 450/3 | €35,931 | €15,072 | -€20,859 | -58.1% |
| Remuneration and social security | 454/9 | €10,864 | €10,018 | -€846 | -7.8% |
| Remuneration, social security and pensions | 62 | €102,135 | €86,450 | -€15,686 | -15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,937 | €12,907 | -€3,030 | -19.0% |
| Other operating charges | 640/8 | €3,653 | €2,240 | -€1,413 | -38.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €144,705 | €116,935 | -€27,770 | -19.2% |
| Operating profit (loss) | 9901 | €22,979 | €15,338 | -€7,641 | -33.3% |
| Financial income | 75/76B | €617 | €2,771 | +€2,153 | +349% |
| Recurring financial income | 75 | €617 | €2,771 | +€2,153 | +349% |
| Financial charges | 65/66B | €243 | €698 | +€456 | +188% |
| Recurring financial charges | 65 | €243 | €698 | +€456 | +188% |
| Profit (loss) for the period before taxes | 9903 | €23,354 | €17,410 | -€5,944 | -25.5% |
| Income taxes | 67/77 | €7,250 | €6,887 | -€362 | -5.0% |
| Profit (loss) for the period | 9904 | €16,105 | €10,523 | -€5,582 | -34.7% |
| Profit (loss) for the period to be appropriated | 9905 | €16,105 | €10,523 | -€5,582 | -34.7% |
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 18 October 2026 via checked.be.