VRIESON: 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.
VRIESON
Largest movements
- Cash -€7,936
down €7,936 (-18.5%), from €42,982 to €35,046
mainly Investment in fixed assets (net) (-€18,959) and Debts after one year (-€15,789)
- Debts after one year -€15,789
down €15,789 (-4.7%), from €332,632 to €316,843
- Reserves +€8,567
up €8,567 (+46.6%), from €18,371 to €26,937
- Gross operating margin +€8,798
up €8,798 (+23.7%), from €37,120 to €45,918
- Other operating charges +€1,764
up €1,764 (+72.9%), from €2,419 to €4,183
- Depreciation +€1,245
up €1,245 (+6.5%), from €19,193 to €20,438
- Taxes +€1,113
up €1,113 (+96.2%), from €1,157 to €2,269
- Write-downs +€900
new in 2025: €900
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 | €399,465 | €393,141 | -€6,324 | -1.6% |
| Fixed assets | 21/28 | €347,728 | €346,250 | -€1,478 | -0.4% |
| Tangible fixed assets | 22/27 | €347,728 | €346,250 | -€1,478 | -0.4% |
| Land and buildings | 22 | €347,728 | €346,250 | -€1,478 | -0.4% |
| Current assets | 29/58 | €51,736 | €46,891 | -€4,846 | -9.4% |
| Amounts receivable within one year | 40/41 | €7,090 | €9,966 | +€2,876 | +40.6% |
| Trade receivables | 40 | €7,090 | €9,966 | +€2,876 | +40.6% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €42,982 | €35,046 | -€7,936 | -18.5% |
| Deferred charges and accrued income | 490/1 | €1,664 | €1,879 | +€215 | +12.9% |
| Total equity and liabilities | 10/49 | €399,465 | €393,141 | -€6,324 | -1.6% |
| Equity | 10/15 | €43,371 | €51,937 | +€8,567 | +19.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €18,371 | €26,937 | +€8,567 | +46.6% |
| Distributable reserves | 133 | €18,371 | €26,937 | +€8,567 | +46.6% |
| Amounts payable | 17/49 | €356,094 | €341,204 | -€14,890 | -4.2% |
| Amounts payable after more than one year | 17 | €332,632 | €316,843 | -€15,789 | -4.7% |
| Financial debts | 170/4 | €332,632 | €316,843 | -€15,789 | -4.7% |
| Amounts payable within one year | 42/48 | €23,462 | €24,361 | +€898 | +3.8% |
| Current portion of amounts payable after more than one year | 42 | €15,353 | €15,789 | +€435 | +2.8% |
| Trade debts | 44 | €1,274 | €201 | -€1,072 | -84.2% |
| Suppliers | 440/4 | €1,274 | €201 | -€1,072 | -84.2% |
| Taxes, remuneration and social security | 45 | €4,042 | €5,510 | +€1,468 | +36.3% |
| Taxes | 450/3 | €4,042 | €5,510 | +€1,468 | +36.3% |
| Other amounts payable | 47/48 | €2,793 | €2,861 | +€67 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,193 | €20,438 | +€1,245 | +6.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €900 | +€900 | |
| Other operating charges | 640/8 | €2,419 | €4,183 | +€1,764 | +72.9% |
| Gross operating margin | 9900 | €37,120 | €45,918 | +€8,798 | +23.7% |
| Operating profit (loss) | 9901 | €15,508 | €20,398 | +€4,889 | +31.5% |
| Financial income | 75/76B | €883 | €331 | -€552 | -62.5% |
| Recurring financial income | 75 | €883 | €331 | -€552 | -62.5% |
| Financial charges | 65/66B | €10,254 | €9,893 | -€361 | -3.5% |
| Recurring financial charges | 65 | €10,254 | €9,893 | -€361 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | €6,137 | €10,836 | +€4,698 | +76.6% |
| Income taxes | 67/77 | €1,157 | €2,269 | +€1,113 | +96.2% |
| Profit (loss) for the period | 9904 | €4,981 | €8,567 | +€3,586 | +72.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,981 | €8,567 | +€3,586 | +72.0% |
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 8 October 2026 via checked.be.