VRL CONSULT: 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.
VRL CONSULT
Largest movements
- Cash +€44,400
up €44,400 (+5726.1%), from €775 to €45,175
mainly Net result for the year (+€29,336) and Tax, wage and social debts (+€13,770)
- Receivables within one year -€2,716
down €2,716 (-15.9%), from €17,037 to €14,321
of which Trade receivables: -€2,728
- Reserves +€28,503
up €28,503 (+452.6%), from €6,298 to €34,801
- Tax, wage and social debts +€13,770
up €13,770 (+329.9%), from €4,174 to €17,944
- Trade debts -€1,579
down €1,579 (-95.7%), from €1,650 to €70
- Gross operating margin +€28,394
up €28,394 (+304.0%), from €9,340 to €37,734
- Taxes +€5,834
up €5,834 (+307.5%), from €1,897 to €7,731
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 | €19,614 | €60,923 | +€41,309 | +210.6% |
| Formation expenses | 20 | €1,801 | €1,426 | -€375 | -20.8% |
| Current assets | 29/58 | €17,812 | €59,496 | +€41,684 | +234.0% |
| Amounts receivable within one year | 40/41 | €17,037 | €14,321 | -€2,716 | -15.9% |
| Trade receivables | 40 | €17,037 | €14,309 | -€2,728 | -16.0% |
| Other amounts receivable | 41 | - | €12 | +€12 | |
| Cash at bank and in hand | 54/58 | €775 | €45,175 | +€44,400 | +5726.1% |
| Total equity and liabilities | 10/49 | €19,614 | €60,923 | +€41,309 | +210.6% |
| Equity | 10/15 | €11,298 | €39,801 | +€28,503 | +252.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €6,298 | €34,801 | +€28,503 | +452.6% |
| Distributable reserves | 133 | €6,298 | €34,801 | +€28,503 | +452.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €8,316 | €21,122 | +€12,806 | +154.0% |
| Amounts payable within one year | 42/48 | €8,316 | €20,987 | +€12,671 | +152.4% |
| Trade debts | 44 | €1,650 | €70 | -€1,579 | -95.7% |
| Suppliers | 440/4 | €1,650 | €70 | -€1,579 | -95.7% |
| Taxes, remuneration and social security | 45 | €4,174 | €17,944 | +€13,770 | +329.9% |
| Taxes | 450/3 | €4,174 | €17,944 | +€13,770 | +329.9% |
| Other amounts payable | 47/48 | €2,492 | €2,973 | +€480 | +19.3% |
| Accrued charges and deferred income | 492/3 | - | €134 | +€134 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74 | €375 | +€301 | +408.0% |
| Other operating charges | 640/8 | €106 | €100 | -€6 | -5.2% |
| Gross operating margin | 9900 | €9,340 | €37,734 | +€28,394 | +304.0% |
| Operating profit (loss) | 9901 | €9,161 | €37,259 | +€28,098 | +306.7% |
| Financial charges | 65/66B | €133 | €191 | +€58 | +43.7% |
| Recurring financial charges | 65 | €133 | €191 | +€58 | +43.7% |
| Profit (loss) for the period before taxes | 9903 | €9,028 | €37,068 | +€28,040 | +310.6% |
| Income taxes | 67/77 | €1,897 | €7,731 | +€5,834 | +307.5% |
| Profit (loss) for the period | 9904 | €7,131 | €29,336 | +€22,206 | +311.4% |
| Profit (loss) for the period to be appropriated | 9905 | €7,131 | €29,336 | +€22,206 | +311.4% |
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 4 October 2026 via checked.be.