VRINS STEVEN: 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.
VRINS STEVEN
Largest movements
- Cash +€38,651
up €38,651 (+665%), from €5,809 to €44,460
mainly Net result for the year (+€37,718) and Other debts (+€31,450)
- Tangible fixed assets +€20,608
up €20,608 (+121%), from €17,040 to €37,648
of which Leasing and similar rights: +€29,394
- Receivables within one year +€18,696
up €18,696 (+70.1%), from €26,669 to €45,365
of which Other amounts receivable: +€15,770
- Deferred charges and accrued income -€3,803
down €3,803 (-100%), from €3,803 to €0
- Other debts +€31,450
up €31,450, from €0 to €31,450
- Debts after one year +€23,241
up €23,241 (+556%), from €4,179 to €27,420
- Tax, wage and social debts +€9,018
up €9,018 (+3,616%), from €249 to €9,267
- Current portion of long-term debt +€6,536
up €6,536 (+453%), from €1,443 to €7,979
- Trade debts +€3,190
up €3,190 (+607%), from €525 to €3,715
- Gross operating margin +€22,276
up €22,276 (+51.0%), from €43,716 to €65,992
- Taxes +€4,555
up €4,555 (+57.6%), from €7,906 to €12,462
- Depreciation -€2,297
down €2,297 (-20.8%), from €11,036 to €8,739
- Financial charges +€1,267
up €1,267 (+32.3%), from €3,917 to €5,184
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 | €53,321 | €127,473 | +€74,152 | +139% |
| Fixed assets | 21/28 | €17,040 | €37,648 | +€20,608 | +121% |
| Tangible fixed assets | 22/27 | €17,040 | €37,648 | +€20,608 | +121% |
| Plant, machinery and equipment | 23 | €5,402 | €3,192 | -€2,210 | -40.9% |
| Furniture and vehicles | 24 | €6,576 | €0 | -€6,576 | -100% |
| Leasing and similar rights | 25 | €5,062 | €34,456 | +€29,394 | +581% |
| Current assets | 29/58 | €36,281 | €89,825 | +€53,544 | +148% |
| Amounts receivable within one year | 40/41 | €26,669 | €45,365 | +€18,696 | +70.1% |
| Trade receivables | 40 | €6,475 | €9,402 | +€2,926 | +45.2% |
| Other amounts receivable | 41 | €20,194 | €35,963 | +€15,770 | +78.1% |
| Cash at bank and in hand | 54/58 | €5,809 | €44,460 | +€38,651 | +665% |
| Deferred charges and accrued income | 490/1 | €3,803 | €0 | -€3,803 | -100% |
| Total equity and liabilities | 10/49 | €53,321 | €127,473 | +€74,152 | +139% |
| Equity | 10/15 | €46,925 | €47,643 | +€718 | +1.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €41,925 | €42,643 | +€718 | +1.7% |
| Distributable reserves | 133 | €41,925 | €42,643 | +€718 | +1.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €6,396 | €79,830 | +€73,434 | +1,148% |
| Amounts payable after more than one year | 17 | €4,179 | €27,420 | +€23,241 | +556% |
| Financial debts | 170/4 | €4,179 | €27,420 | +€23,241 | +556% |
| Amounts payable within one year | 42/48 | €2,217 | €52,411 | +€50,193 | +2,264% |
| Current portion of amounts payable after more than one year | 42 | €1,443 | €7,979 | +€6,536 | +453% |
| Trade debts | 44 | €525 | €3,715 | +€3,190 | +607% |
| Suppliers | 440/4 | €525 | €3,715 | +€3,190 | +607% |
| Taxes, remuneration and social security | 45 | €249 | €9,267 | +€9,018 | +3,616% |
| Taxes | 450/3 | €249 | €9,267 | +€9,018 | +3,616% |
| Other amounts payable | 47/48 | €0 | €31,450 | +€31,450 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,036 | €8,739 | -€2,297 | -20.8% |
| Other operating charges | 640/8 | €1,302 | €1,893 | +€590 | +45.4% |
| Gross operating margin | 9900 | €43,716 | €65,992 | +€22,276 | +51.0% |
| Operating profit (loss) | 9901 | €31,378 | €55,360 | +€23,982 | +76.4% |
| Financial income | 75/76B | €249 | €3 | -€246 | -98.7% |
| Recurring financial income | 75 | €249 | €3 | -€246 | -98.7% |
| Financial charges | 65/66B | €3,917 | €5,184 | +€1,267 | +32.3% |
| Recurring financial charges | 65 | €3,917 | €5,184 | +€1,267 | +32.3% |
| Profit (loss) for the period before taxes | 9903 | €27,710 | €50,180 | +€22,469 | +81.1% |
| Income taxes | 67/77 | €7,906 | €12,462 | +€4,555 | +57.6% |
| Profit (loss) for the period | 9904 | €19,804 | €37,718 | +€17,914 | +90.5% |
| Profit (loss) for the period to be appropriated | 9905 | €19,804 | €37,718 | +€17,914 | +90.5% |
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 24 October 2026 via checked.be.