VRIJEVORM: 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.
VRIJEVORM
Largest movements
- Cash +€48,571
up €48,571 (+29.5%), from €164,703 to €213,274
mainly Net result for the year (+€35,732) and Tax, wage and social debts (+€19,184)
- Receivables within one year +€18,233
up €18,233 (+2468.9%), from €738 to €18,971
of which Trade receivables: +€18,113
- Tangible fixed assets -€3,190
down €3,190 (-6.8%), from €46,756 to €43,567
- Reserves +€34,873
up €34,873 (+47.8%), from €73,022 to €107,895
of which Distributable reserves: +€34,873
- Tax, wage and social debts +€19,184
up €19,184 (+357.9%), from €5,360 to €24,544
of which Taxes: +€19,184
- Other debts +€5,243
up €5,243 (+4.8%), from €109,246 to €114,490
- Trade debts +€4,318
new in 2025: €4,318
- Gross operating margin +€40,354
up €40,354 (+167.0%), from €24,165 to €64,519
- Taxes +€14,493
up €14,493 (+349.3%), from €4,149 to €18,642
- Depreciation +€1,037
up €1,037 (+18.0%), from €5,760 to €6,797
- Other operating charges +€1,000
up €1,000 (+44.9%), from €2,226 to €3,227
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 | €212,428 | €276,047 | +€63,619 | +29.9% |
| Fixed assets | 21/28 | €46,756 | €43,567 | -€3,190 | -6.8% |
| Tangible fixed assets | 22/27 | €46,756 | €43,567 | -€3,190 | -6.8% |
| Land and buildings | 22 | €36,874 | €35,334 | -€1,540 | -4.2% |
| Plant, machinery and equipment | 23 | €7,095 | €6,733 | -€363 | -5.1% |
| Furniture and vehicles | 24 | €2,788 | €1,500 | -€1,287 | -46.2% |
| Current assets | 29/58 | €165,672 | €232,480 | +€66,808 | +40.3% |
| Amounts receivable within one year | 40/41 | €738 | €18,971 | +€18,233 | +2468.9% |
| Trade receivables | 40 | €738 | €18,851 | +€18,113 | +2452.7% |
| Other amounts receivable | 41 | - | €120 | +€120 | |
| Cash at bank and in hand | 54/58 | €164,703 | €213,274 | +€48,571 | +29.5% |
| Deferred charges and accrued income | 490/1 | €230 | €235 | +€5 | +2.2% |
| Total equity and liabilities | 10/49 | €212,428 | €276,047 | +€63,619 | +29.9% |
| Equity | 10/15 | €85,422 | €120,295 | +€34,873 | +40.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €73,022 | €107,895 | +€34,873 | +47.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €71,162 | €106,035 | +€34,873 | +49.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €127,006 | €155,752 | +€28,746 | +22.6% |
| Amounts payable after more than one year | 17 | €12,400 | €12,400 | = | 0.0% |
| Financial debts | 170/4 | €12,400 | €12,400 | = | 0.0% |
| Amounts payable within one year | 42/48 | €114,606 | €143,352 | +€28,746 | +25.1% |
| Trade debts | 44 | - | €4,318 | +€4,318 | |
| Suppliers | 440/4 | - | €4,318 | +€4,318 | |
| Taxes, remuneration and social security | 45 | €5,360 | €24,544 | +€19,184 | +357.9% |
| Taxes | 450/3 | €5,360 | €24,544 | +€19,184 | +357.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €109,246 | €114,490 | +€5,243 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,760 | €6,797 | +€1,037 | +18.0% |
| Other operating charges | 640/8 | €2,226 | €3,227 | +€1,000 | +44.9% |
| Gross operating margin | 9900 | €24,165 | €64,519 | +€40,354 | +167.0% |
| Operating profit (loss) | 9901 | €16,178 | €54,496 | +€38,317 | +236.8% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €69 | €122 | +€52 | +76.0% |
| Recurring financial charges | 65 | €69 | €122 | +€52 | +76.0% |
| Profit (loss) for the period before taxes | 9903 | €16,110 | €54,374 | +€38,265 | +237.5% |
| Income taxes | 67/77 | €4,149 | €18,642 | +€14,493 | +349.3% |
| Profit (loss) for the period | 9904 | €11,961 | €35,732 | +€23,772 | +198.7% |
| Profit (loss) for the period to be appropriated | 9905 | €11,961 | €35,732 | +€23,772 | +198.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.