VRML INVEST: 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.
VRML INVEST
Largest movements
- Cash +€40,320
up €40,320 (+365,879%), from €11 to €40,331
mainly Net result for the year (+€44,973) and Tax, wage and social debts (+€14,538)
- Receivables within one year +€37,472
up €37,472 (+285%), from €13,169 to €50,642
of which Trade receivables: +€37,472
- Tangible fixed assets -€5,455
down €5,455 (-22.6%), from €24,091 to €18,636
- Reserves +€39,573
up €39,573, from €0 to €39,573
- Tax, wage and social debts +€14,538
up €14,538 (+615%), from €2,365 to €16,903
of which Taxes: +€14,505
- Trade debts +€12,149
up €12,149 (+85.6%), from €14,188 to €26,338
- Profit (loss) carried forward +€5,400
up €5,400, from -€5,400 to €0
- Debts after one year -€3,955
down €3,955 (-20.2%), from €19,591 to €15,636
- Gross operating margin +€93,611
up €93,611 (+357%), from €26,190 to €119,801
- Staff costs +€23,660
up €23,660 (+73.9%), from €32,033 to €55,693
- Taxes +€10,654
up €10,654, from €0 to €10,654
- Depreciation +€2,273
up €2,273 (+71.4%), from €3,182 to €5,455
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 | €38,183 | €111,191 | +€73,008 | +191% |
| Fixed assets | 21/28 | €24,291 | €18,836 | -€5,455 | -22.5% |
| Tangible fixed assets | 22/27 | €24,091 | €18,636 | -€5,455 | -22.6% |
| Leasing and similar rights | 25 | €24,091 | €18,636 | -€5,455 | -22.6% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €13,892 | €92,355 | +€78,463 | +565% |
| Amounts receivable within one year | 40/41 | €13,169 | €50,642 | +€37,472 | +285% |
| Trade receivables | 40 | €13,149 | €50,621 | +€37,472 | +285% |
| Other amounts receivable | 41 | €21 | €21 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €11 | €40,331 | +€40,320 | +365,879% |
| Deferred charges and accrued income | 490/1 | €712 | €1,382 | +€670 | +94.2% |
| Total equity and liabilities | 10/49 | €38,183 | €111,191 | +€73,008 | +191% |
| Equity | 10/15 | -€4,400 | €40,573 | +€44,973 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €0 | €39,573 | +€39,573 | |
| Distributable reserves | 133 | €0 | €39,573 | +€39,573 | |
| Profit (loss) carried forward | 14 | -€5,400 | €0 | +€5,400 | |
| Amounts payable | 17/49 | €42,583 | €70,618 | +€28,035 | +65.8% |
| Amounts payable after more than one year | 17 | €19,591 | €15,636 | -€3,955 | -20.2% |
| Financial debts | 170/4 | €19,591 | €15,636 | -€3,955 | -20.2% |
| Amounts payable within one year | 42/48 | €22,992 | €54,982 | +€31,990 | +139% |
| Current portion of amounts payable after more than one year | 42 | €4,913 | €6,166 | +€1,253 | +25.5% |
| Financial debts | 43 | - | €634 | +€634 | |
| Credit institutions | 430/8 | - | €634 | +€634 | |
| Trade debts | 44 | €14,188 | €26,338 | +€12,149 | +85.6% |
| Suppliers | 440/4 | €14,188 | €26,338 | +€12,149 | +85.6% |
| Taxes, remuneration and social security | 45 | €2,365 | €16,903 | +€14,538 | +615% |
| Taxes | 450/3 | €124 | €14,629 | +€14,505 | +11,729% |
| Remuneration and social security | 454/9 | €2,241 | €2,274 | +€33 | +1.5% |
| Other amounts payable | 47/48 | €1,526 | €4,942 | +€3,416 | +224% |
| Remuneration, social security and pensions | 62 | €32,033 | €55,693 | +€23,660 | +73.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,182 | €5,455 | +€2,273 | +71.4% |
| Other operating charges | 640/8 | €1,219 | €1,431 | +€212 | +17.4% |
| Gross operating margin | 9900 | €26,190 | €119,801 | +€93,611 | +357% |
| Operating profit (loss) | 9901 | -€10,245 | €57,222 | +€67,467 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,734 | €1,596 | -€138 | -8.0% |
| Recurring financial charges | 65 | €1,734 | €1,596 | -€138 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | -€11,979 | €55,627 | +€67,606 | |
| Income taxes | 67/77 | €0 | €10,654 | +€10,654 | |
| Profit (loss) for the period | 9904 | -€11,979 | €44,973 | +€56,952 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,979 | €44,973 | +€56,952 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.