VRJ RENOV: 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.
VRJ RENOV
Largest movements
- Receivables within one year +€33,785
up €33,785 (+60.6%), from €55,737 to €89,521
of which Other amounts receivable: +€21,236
- Tangible fixed assets +€23,053
up €23,053 (+52.9%), from €43,568 to €66,621
- Financial fixed assets +€15,000
up €15,000 (+4,545%), from €330 to €15,330
- Deferred charges and accrued income -€4,281
down €4,281 (-49.3%), from €8,683 to €4,402
- Cash +€3,333
up €3,333 (+8.3%), from €40,247 to €43,580
mainly Tax, wage and social debts (+€80,850) and Net result for the year (+€49,573)
- Tax, wage and social debts +€80,850
up €80,850 (+181%), from €44,695 to €125,546
of which Remuneration and social security: +€42,363
- Profit (loss) carried forward +€49,573
up €49,573 (+530%), from €9,360 to €58,933
- Trade debts -€35,439
down €35,439 (-75.4%), from €47,001 to €11,563
- Debts after one year -€23,025
down €23,025 (-88.7%), from €25,958 to €2,933
- Turnover +€386,898
up €386,898 (+80.2%), from €482,159 to €869,057
- Purchases and services +€195,698
up €195,698 (+62.7%), from €312,078 to €507,776
- Gross operating margin +€191,200
up €191,200 (+112%), from €170,081 to €361,281
- Staff costs +€152,250
up €152,250 (+116%), from €130,822 to €283,072
- Financial income +€12,218
new in 2025: €12,218
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 | €148,564 | €219,554 | +€70,990 | +47.8% |
| Fixed assets | 21/28 | €43,898 | €81,951 | +€38,053 | +86.7% |
| Tangible fixed assets | 22/27 | €43,568 | €66,621 | +€23,053 | +52.9% |
| Furniture and vehicles | 24 | €43,568 | €66,621 | +€23,053 | +52.9% |
| Financial fixed assets | 28 | €330 | €15,330 | +€15,000 | +4,545% |
| Current assets | 29/58 | €104,666 | €137,603 | +€32,937 | +31.5% |
| Amounts receivable within one year | 40/41 | €55,737 | €89,521 | +€33,785 | +60.6% |
| Trade receivables | 40 | €55,000 | €67,548 | +€12,549 | +22.8% |
| Other amounts receivable | 41 | €737 | €21,973 | +€21,236 | +2,881% |
| Current investments | 50/53 | - | €100 | +€100 | |
| Cash at bank and in hand | 54/58 | €40,247 | €43,580 | +€3,333 | +8.3% |
| Deferred charges and accrued income | 490/1 | €8,683 | €4,402 | -€4,281 | -49.3% |
| Total equity and liabilities | 10/49 | €148,564 | €219,554 | +€70,990 | +47.8% |
| Equity | 10/15 | €10,360 | €59,933 | +€49,573 | +479% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,360 | €58,933 | +€49,573 | +530% |
| Amounts payable | 17/49 | €138,204 | €159,621 | +€21,417 | +15.5% |
| Amounts payable after more than one year | 17 | €25,958 | €2,933 | -€23,025 | -88.7% |
| Financial debts | 170/4 | €25,958 | €2,933 | -€23,025 | -88.7% |
| Amounts payable within one year | 42/48 | €112,247 | €156,688 | +€44,441 | +39.6% |
| Current portion of amounts payable after more than one year | 42 | €12,550 | €11,579 | -€971 | -7.7% |
| Trade debts | 44 | €47,001 | €11,563 | -€35,439 | -75.4% |
| Suppliers | 440/4 | €47,001 | €11,563 | -€35,439 | -75.4% |
| Taxes, remuneration and social security | 45 | €44,695 | €125,546 | +€80,850 | +181% |
| Taxes | 450/3 | €34,321 | €72,808 | +€38,487 | +112% |
| Remuneration and social security | 454/9 | €10,374 | €52,738 | +€42,363 | +408% |
| Other amounts payable | 47/48 | €8,000 | €8,000 | = | 0.0% |
| Turnover | 70 | €482,159 | €869,057 | +€386,898 | +80.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €312,078 | €507,776 | +€195,698 | +62.7% |
| Remuneration, social security and pensions | 62 | €130,822 | €283,072 | +€152,250 | +116% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,608 | €14,655 | -€1,952 | -11.8% |
| Other operating charges | 640/8 | €7,449 | €13,740 | +€6,291 | +84.5% |
| Gross operating margin | 9900 | €170,081 | €361,281 | +€191,200 | +112% |
| Operating profit (loss) | 9901 | €15,203 | €49,813 | +€34,610 | +228% |
| Financial income | 75/76B | - | €12,218 | +€12,218 | |
| Recurring financial income | 75 | - | €12,218 | +€12,218 | |
| Financial charges | 65/66B | €905 | €707 | -€198 | -21.9% |
| Recurring financial charges | 65 | €905 | €707 | -€198 | -21.9% |
| Profit (loss) for the period before taxes | 9903 | €14,297 | €61,323 | +€47,026 | +329% |
| Income taxes | 67/77 | €4,504 | €11,750 | +€7,246 | +161% |
| Profit (loss) for the period | 9904 | €9,793 | €49,573 | +€39,781 | +406% |
| Profit (loss) for the period to be appropriated | 9905 | €9,793 | €49,573 | +€39,781 | +406% |
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 20 October 2026 via checked.be.