VRO-ENGINEERING: 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.
VRO-ENGINEERING
Largest movements
- Current investments +€51,329
up €51,329 (+126.0%), from €40,750 to €92,079
- Cash -€16,273
down €16,273 (-59.6%), from €27,306 to €11,034
mainly Current investments (-€51,329) and Contributions, distributions and other (-€40,000)
- Receivables within one year +€4,183
up €4,183 (+16.1%), from €25,926 to €30,109
of which Trade receivables: +€5,280
- Tangible fixed assets +€3,232
up €3,232 (+138.9%), from €2,327 to €5,559
- Other debts +€35,567
up €35,567 (+687.1%), from €5,177 to €40,744
- Reserves +€4,587
up €4,587 (+4.1%), from €112,195 to €116,782
- Tax, wage and social debts +€2,759
up €2,759 (+27.1%), from €10,175 to €12,934
- Gross operating margin +€9,372
up €9,372 (+21.4%), from €43,871 to €53,243
- Financial income -€6,720
down €6,720 (-48.6%), from €13,825 to €7,105
- Taxes -€2,189
down €2,189 (-13.9%), from €15,711 to €13,523
- Depreciation -€1,555
down €1,555 (-55.3%), from €2,810 to €1,255
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 | €135,556 | €177,754 | +€42,198 | +31.1% |
| Fixed assets | 21/28 | €6,260 | €9,492 | +€3,232 | +51.6% |
| Tangible fixed assets | 22/27 | €2,327 | €5,559 | +€3,232 | +138.9% |
| Furniture and vehicles | 24 | €2,327 | €5,559 | +€3,232 | +138.9% |
| Financial fixed assets | 28 | €3,933 | €3,933 | = | 0.0% |
| Current assets | 29/58 | €129,296 | €168,262 | +€38,966 | +30.1% |
| Amounts receivable after more than one year | 29 | €28,000 | €28,000 | = | 0.0% |
| Other amounts receivable | 291 | €28,000 | €28,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €25,926 | €30,109 | +€4,183 | +16.1% |
| Trade receivables | 40 | €24,776 | €30,056 | +€5,280 | +21.3% |
| Other amounts receivable | 41 | €1,150 | €53 | -€1,097 | -95.4% |
| Current investments | 50/53 | €40,750 | €92,079 | +€51,329 | +126.0% |
| Cash at bank and in hand | 54/58 | €27,306 | €11,034 | -€16,273 | -59.6% |
| Deferred charges and accrued income | 490/1 | €7,314 | €7,040 | -€273 | -3.7% |
| Total equity and liabilities | 10/49 | €135,556 | €177,754 | +€42,198 | +31.1% |
| Equity | 10/15 | €118,195 | €122,782 | +€4,587 | +3.9% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €112,195 | €116,782 | +€4,587 | +4.1% |
| Distributable reserves | 133 | €112,195 | €116,782 | +€4,587 | +4.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Investment grants | 15 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €17,361 | €54,972 | +€37,611 | +216.6% |
| Amounts payable within one year | 42/48 | €17,348 | €54,554 | +€37,206 | +214.5% |
| Trade debts | 44 | €1,996 | €876 | -€1,120 | -56.1% |
| Suppliers | 440/4 | €1,996 | €876 | -€1,120 | -56.1% |
| Taxes, remuneration and social security | 45 | €10,175 | €12,934 | +€2,759 | +27.1% |
| Taxes | 450/3 | €10,175 | €12,934 | +€2,759 | +27.1% |
| Other amounts payable | 47/48 | €5,177 | €40,744 | +€35,567 | +687.1% |
| Accrued charges and deferred income | 492/3 | €14 | €418 | +€405 | +2991.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,810 | €1,255 | -€1,555 | -55.3% |
| Other operating charges | 640/8 | €467 | €400 | -€68 | -14.5% |
| Gross operating margin | 9900 | €43,871 | €53,243 | +€9,372 | +21.4% |
| Operating profit (loss) | 9901 | €40,594 | €51,588 | +€10,995 | +27.1% |
| Financial income | 75/76B | €13,825 | €7,105 | -€6,720 | -48.6% |
| Recurring financial income | 75 | €13,825 | €7,105 | -€6,720 | -48.6% |
| Financial charges | 65/66B | €254 | €584 | +€330 | +130.0% |
| Recurring financial charges | 65 | €254 | €584 | +€330 | +130.0% |
| Profit (loss) for the period before taxes | 9903 | €54,165 | €58,110 | +€3,945 | +7.3% |
| Transfer from deferred taxes | 780 | €161 | €0 | -€161 | -100.0% |
| Income taxes | 67/77 | €15,711 | €13,523 | -€2,189 | -13.9% |
| Profit (loss) for the period | 9904 | €38,614 | €44,587 | +€5,973 | +15.5% |
| Profit (loss) for the period to be appropriated | 9905 | €38,614 | €44,587 | +€5,973 | +15.5% |
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 7 October 2026 via checked.be.