VRJ TECHNICS: 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 TECHNICS
Largest movements
- Tangible fixed assets -€3,990
down €3,990 (-55.1%), from €7,237 to €3,247
- Receivables within one year -€3,339
down €3,339 (-4.4%), from €76,337 to €72,997
of which Trade receivables: -€5,265
- Reserves +€8,000
up €8,000 (+4,000%), from €200 to €8,200
of which Distributable reserves: +€8,000
- Tax, wage and social debts -€7,134
down €7,134 (-54.1%), from €13,199 to €6,065
- Trade debts -€4,853
down €4,853 (-50.4%), from €9,620 to €4,767
- Current portion of long-term debt -€3,917
down €3,917 (-77.8%), from €5,032 to €1,115
- Gross operating margin -€19,591
down €19,591 (-53.4%), from €36,654 to €17,063
- Taxes -€4,227
down €4,227 (-43.4%), from €9,738 to €5,511
- Financial income +€3,472
new in 2025: €3,472
- Other operating charges +€1,575
up €1,575 (+220%), from €717 to €2,292
- Financial charges +€423
up €423 (+269%), from €157 to €580
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 | €86,412 | €78,669 | -€7,743 | -9.0% |
| Fixed assets | 21/28 | €7,237 | €3,247 | -€3,990 | -55.1% |
| Tangible fixed assets | 22/27 | €7,237 | €3,247 | -€3,990 | -55.1% |
| Furniture and vehicles | 24 | €7,237 | €3,247 | -€3,990 | -55.1% |
| Current assets | 29/58 | €79,176 | €75,422 | -€3,753 | -4.7% |
| Amounts receivable within one year | 40/41 | €76,337 | €72,997 | -€3,339 | -4.4% |
| Trade receivables | 40 | €12,733 | €7,468 | -€5,265 | -41.4% |
| Other amounts receivable | 41 | €63,603 | €65,529 | +€1,926 | +3.0% |
| Cash at bank and in hand | 54/58 | €2,839 | €2,425 | -€414 | -14.6% |
| Total equity and liabilities | 10/49 | €86,412 | €78,669 | -€7,743 | -9.0% |
| Equity | 10/15 | €58,561 | €66,722 | +€8,161 | +13.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €200 | €8,200 | +€8,000 | +4,000% |
| Non-distributable reserves | 130/1 | €200 | €200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €200 | €200 | = | 0.0% |
| Distributable reserves | 133 | - | €8,000 | +€8,000 | |
| Profit (loss) carried forward | 14 | €56,361 | €56,522 | +€161 | +0.3% |
| Amounts payable | 17/49 | €27,852 | €11,947 | -€15,904 | -57.1% |
| Amounts payable within one year | 42/48 | €27,852 | €11,947 | -€15,904 | -57.1% |
| Current portion of amounts payable after more than one year | 42 | €5,032 | €1,115 | -€3,917 | -77.8% |
| Trade debts | 44 | €9,620 | €4,767 | -€4,853 | -50.4% |
| Suppliers | 440/4 | €9,620 | €4,767 | -€4,853 | -50.4% |
| Taxes, remuneration and social security | 45 | €13,199 | €6,065 | -€7,134 | -54.1% |
| Taxes | 450/3 | €13,199 | €6,065 | -€7,134 | -54.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,990 | €3,990 | = | 0.0% |
| Other operating charges | 640/8 | €717 | €2,292 | +€1,575 | +220% |
| Gross operating margin | 9900 | €36,654 | €17,063 | -€19,591 | -53.4% |
| Operating profit (loss) | 9901 | €31,946 | €10,781 | -€21,166 | -66.3% |
| Financial income | 75/76B | - | €3,472 | +€3,472 | |
| Recurring financial income | 75 | - | €3,472 | +€3,472 | |
| Financial charges | 65/66B | €157 | €580 | +€423 | +269% |
| Recurring financial charges | 65 | €157 | €580 | +€423 | +269% |
| Profit (loss) for the period before taxes | 9903 | €31,789 | €13,672 | -€18,117 | -57.0% |
| Income taxes | 67/77 | €9,738 | €5,511 | -€4,227 | -43.4% |
| Profit (loss) for the period | 9904 | €22,051 | €8,161 | -€13,890 | -63.0% |
| Profit (loss) for the period to be appropriated | 9905 | €22,051 | €8,161 | -€13,890 | -63.0% |
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 15 October 2026 via checked.be.