VRN Consulting: 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.
VRN Consulting
Largest movements
- Tangible fixed assets -€307,596
down €307,596 (-99.2%), from €310,174 to €2,578
of which Land and buildings: -€300,221
- Cash +€218,449
up €218,449 (+8428.0%), from €2,592 to €221,041
mainly Investment in fixed assets (net) (+€364,939) and Tax, wage and social debts (+€69,259)
- Intangible fixed assets -€66,000
no longer reported in 2025 (was €66,000)
- Receivables within one year -€22,896
down €22,896 (-65.5%), from €34,954 to €12,058
of which Trade receivables: -€19,396
- Debts after one year -€262,715
no longer reported in 2025 (was €262,715)
- Tax, wage and social debts +€69,259
up €69,259 (+1021.7%), from €6,779 to €76,038
- Other debts +€29,149
up €29,149 (+10663.3%), from €273 to €29,423
- Current portion of long-term debt -€19,549
no longer reported in 2025 (was €19,549)
- Reserves +€14,452
up €14,452 (+13.8%), from €104,524 to €118,976
- Turnover -€192,845
no longer reported in 2025 (was €192,845)
- Purchases and services -€149,130
no longer reported in 2025 (was €149,130)
- Gross operating margin +€61,280
up €61,280 (+140.2%), from €43,715 to €104,995
- Taxes +€24,349
up €24,349 (+926.6%), from €2,628 to €26,976
- Depreciation -€19,530
down €19,530 (-69.3%), from €28,186 to €8,657
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 | €413,720 | €235,689 | -€178,031 | -43.0% |
| Fixed assets | 21/28 | €376,174 | €2,578 | -€373,596 | -99.3% |
| Intangible fixed assets | 21 | €66,000 | - | -€66,000 | |
| Tangible fixed assets | 22/27 | €310,174 | €2,578 | -€307,596 | -99.2% |
| Land and buildings | 22 | €300,221 | - | -€300,221 | |
| Furniture and vehicles | 24 | €9,953 | €2,578 | -€7,375 | -74.1% |
| Current assets | 29/58 | €37,546 | €233,111 | +€195,565 | +520.9% |
| Amounts receivable within one year | 40/41 | €34,954 | €12,058 | -€22,896 | -65.5% |
| Trade receivables | 40 | €31,454 | €12,058 | -€19,396 | -61.7% |
| Other amounts receivable | 41 | €3,500 | - | -€3,500 | |
| Cash at bank and in hand | 54/58 | €2,592 | €221,041 | +€218,449 | +8428.0% |
| Deferred charges and accrued income | 490/1 | - | €12 | +€12 | |
| Total equity and liabilities | 10/49 | €413,720 | €235,689 | -€178,031 | -43.0% |
| Equity | 10/15 | €114,524 | €128,976 | +€14,452 | +12.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €104,524 | €118,976 | +€14,452 | +13.8% |
| Distributable reserves | 133 | €104,524 | €118,976 | +€14,452 | +13.8% |
| Amounts payable | 17/49 | €299,196 | €106,712 | -€192,483 | -64.3% |
| Amounts payable after more than one year | 17 | €262,715 | - | -€262,715 | |
| Financial debts | 170/4 | €262,715 | - | -€262,715 | |
| Amounts payable within one year | 42/48 | €36,480 | €106,626 | +€70,146 | +192.3% |
| Current portion of amounts payable after more than one year | 42 | €19,549 | - | -€19,549 | |
| Trade debts | 44 | €9,879 | €1,165 | -€8,714 | -88.2% |
| Suppliers | 440/4 | €9,879 | €1,165 | -€8,714 | -88.2% |
| Taxes, remuneration and social security | 45 | €6,779 | €76,038 | +€69,259 | +1021.7% |
| Taxes | 450/3 | €6,779 | €76,038 | +€69,259 | +1021.7% |
| Other amounts payable | 47/48 | €273 | €29,423 | +€29,149 | +10663.3% |
| Accrued charges and deferred income | 492/3 | - | €86 | +€86 | |
| Turnover | 70 | €192,845 | - | -€192,845 | |
| Goods, raw materials, services and sundry goods | 60/61 | €149,130 | - | -€149,130 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,186 | €8,657 | -€19,530 | -69.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,624 | +€1,624 | |
| Other operating charges | 640/8 | €5,058 | €4,771 | -€287 | -5.7% |
| Gross operating margin | 9900 | €43,715 | €104,995 | +€61,280 | +140.2% |
| Operating profit (loss) | 9901 | €10,471 | €89,943 | +€79,472 | +759.0% |
| Financial income | 75/76B | - | €31 | +€31 | |
| Recurring financial income | 75 | - | €31 | +€31 | |
| Financial charges | 65/66B | €5,572 | €7,369 | +€1,797 | +32.3% |
| Recurring financial charges | 65 | €5,572 | €7,369 | +€1,797 | +32.3% |
| Profit (loss) for the period before taxes | 9903 | €4,899 | €82,605 | +€77,706 | +1586.3% |
| Income taxes | 67/77 | €2,628 | €26,976 | +€24,349 | +926.6% |
| Profit (loss) for the period | 9904 | €2,271 | €55,629 | +€53,358 | +2349.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,271 | €55,629 | +€53,358 | +2349.5% |
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 9 October 2026 via checked.be.