VRNST: 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.
VRNST
Largest movements
- Cash -€120,910
down €120,910 (-87.4%), from €138,289 to €17,379
mainly Net result for the year (-€110,382) and Trade debts (-€33,016)
- Tangible fixed assets -€18,631
down €18,631 (-19.7%), from €94,683 to €76,052
of which Furniture and vehicles: -€19,208
- Receivables within one year -€8,530
down €8,530 (-19.2%), from €44,520 to €35,990
of which Other amounts receivable: -€12,988
- Profit (loss) carried forward -€110,382
down €110,382 (-56.6%), from €194,883 to €84,501
- Trade debts -€33,016
down €33,016 (-46.1%), from €71,662 to €38,645
- Tax, wage and social debts -€5,123
down €5,123 (-95.9%), from €5,345 to €222
of which Remuneration and social security: -€5,000
- Staff costs +€161,870
up €161,870 (+1085.1%), from €14,917 to €176,787
- Gross operating margin -€133,715
down €133,715 (-58.9%), from €226,839 to €93,124
- Depreciation +€9,906
up €9,906 (+78.8%), from €12,565 to €22,471
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 | €280,889 | €132,368 | -€148,521 | -52.9% |
| Fixed assets | 21/28 | €98,081 | €78,999 | -€19,081 | -19.5% |
| Intangible fixed assets | 21 | €1,717 | €1,267 | -€450 | -26.2% |
| Tangible fixed assets | 22/27 | €94,683 | €76,052 | -€18,631 | -19.7% |
| Plant, machinery and equipment | 23 | €9,883 | €10,460 | +€577 | +5.8% |
| Furniture and vehicles | 24 | €84,800 | €65,592 | -€19,208 | -22.7% |
| Financial fixed assets | 28 | €1,680 | €1,680 | = | 0.0% |
| Current assets | 29/58 | €182,808 | €53,369 | -€129,440 | -70.8% |
| Amounts receivable within one year | 40/41 | €44,520 | €35,990 | -€8,530 | -19.2% |
| Trade receivables | 40 | €19,906 | €24,365 | +€4,459 | +22.4% |
| Other amounts receivable | 41 | €24,614 | €11,626 | -€12,988 | -52.8% |
| Cash at bank and in hand | 54/58 | €138,289 | €17,379 | -€120,910 | -87.4% |
| Total equity and liabilities | 10/49 | €280,889 | €132,368 | -€148,521 | -52.9% |
| Equity | 10/15 | €203,883 | €93,501 | -€110,382 | -54.1% |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €194,883 | €84,501 | -€110,382 | -56.6% |
| Amounts payable | 17/49 | €77,006 | €38,867 | -€38,139 | -49.5% |
| Amounts payable within one year | 42/48 | €77,006 | €38,867 | -€38,139 | -49.5% |
| Trade debts | 44 | €71,662 | €38,645 | -€33,016 | -46.1% |
| Suppliers | 440/4 | €71,662 | €38,645 | -€33,016 | -46.1% |
| Taxes, remuneration and social security | 45 | €5,345 | €222 | -€5,123 | -95.9% |
| Taxes | 450/3 | €123 | - | -€123 | |
| Remuneration and social security | 454/9 | €5,222 | €222 | -€5,000 | -95.8% |
| Remuneration, social security and pensions | 62 | €14,917 | €176,787 | +€161,870 | +1085.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,565 | €22,471 | +€9,906 | +78.8% |
| Other operating charges | 640/8 | €4,405 | €4,162 | -€243 | -5.5% |
| Gross operating margin | 9900 | €226,839 | €93,124 | -€133,715 | -58.9% |
| Operating profit (loss) | 9901 | €194,952 | -€110,296 | -€305,248 | |
| Financial income | 75/76B | - | €102 | +€102 | |
| Recurring financial income | 75 | - | €102 | +€102 | |
| Financial charges | 65/66B | €70 | €188 | +€118 | +169.9% |
| Recurring financial charges | 65 | €70 | €188 | +€118 | +169.9% |
| Profit (loss) for the period before taxes | 9903 | €194,883 | -€110,382 | -€305,265 | |
| Profit (loss) for the period | 9904 | €194,883 | -€110,382 | -€305,265 | |
| Profit (loss) for the period to be appropriated | 9905 | €194,883 | -€110,382 | -€305,265 |
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.