VRODES: 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.
VRODES
Largest movements
- Receivables within one year +€26,040
up €26,040 (+612.9%), from €4,249 to €30,289
of which Other amounts receivable: +€21,707
- Stocks and contracts -€6,890
down €6,890 (-17.4%), from €39,630 to €32,740
- Intangible fixed assets -€4,000
down €4,000 (-33.3%), from €12,000 to €8,000
- Cash +€1,436
up €1,436 (+9.8%), from €14,705 to €16,140
mainly Net result for the year (+€27,576) and Trade debts (+€8,848)
- Profit (loss) carried forward +€27,576
up €27,576 (+8.7%), from -€317,808 to -€290,231
- Other debts -€17,097
down €17,097 (-7.3%), from €235,610 to €218,513
- Trade debts +€8,848
up €8,848 (+9.7%), from €91,636 to €100,485
- Current portion of long-term debt -€2,500
down €2,500 (-17.3%), from €14,450 to €11,950
- Staff costs -€18,899
down €18,899 (-28.8%), from €65,574 to €46,675
- Gross operating margin +€11,448
up €11,448 (+14.8%), from €77,257 to €88,706
- Other operating charges +€2,526
up €2,526 (+71.0%), from €3,557 to €6,083
- Financial charges +€2,492
up €2,492 (+262.8%), from €948 to €3,440
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €75,489 | €91,577 | +€16,088 | +21.3% |
| Fixed assets | 21/28 | €16,905 | €12,088 | -€4,818 | -28.5% |
| Intangible fixed assets | 21 | €12,000 | €8,000 | -€4,000 | -33.3% |
| Tangible fixed assets | 22/27 | €4,905 | €4,088 | -€818 | -16.7% |
| Other tangible fixed assets | 26 | €4,905 | €4,088 | -€818 | -16.7% |
| Current assets | 29/58 | €58,584 | €79,489 | +€20,906 | +35.7% |
| Stocks and contracts in progress | 3 | €39,630 | €32,740 | -€6,890 | -17.4% |
| Stocks | 30/36 | €39,630 | €32,740 | -€6,890 | -17.4% |
| Amounts receivable within one year | 40/41 | €4,249 | €30,289 | +€26,040 | +612.9% |
| Trade receivables | 40 | €3,331 | €7,664 | +€4,333 | +130.1% |
| Other amounts receivable | 41 | €918 | €22,625 | +€21,707 | +2363.9% |
| Cash at bank and in hand | 54/58 | €14,705 | €16,140 | +€1,436 | +9.8% |
| Deferred charges and accrued income | 490/1 | - | €320 | +€320 | |
| Total equity and liabilities | 10/49 | €75,489 | €91,577 | +€16,088 | +21.3% |
| Equity | 10/15 | -€299,208 | -€271,631 | +€27,576 | +9.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€317,808 | -€290,231 | +€27,576 | +8.7% |
| Amounts payable | 17/49 | €374,697 | €363,209 | -€11,488 | -3.1% |
| Amounts payable within one year | 42/48 | €374,697 | €363,209 | -€11,488 | -3.1% |
| Current portion of amounts payable after more than one year | 42 | €14,450 | €11,950 | -€2,500 | -17.3% |
| Trade debts | 44 | €91,636 | €100,485 | +€8,848 | +9.7% |
| Suppliers | 440/4 | €91,636 | €100,485 | +€8,848 | +9.7% |
| Taxes, remuneration and social security | 45 | €33,000 | €32,261 | -€739 | -2.2% |
| Taxes | 450/3 | €28,172 | €29,861 | +€1,688 | +6.0% |
| Remuneration and social security | 454/9 | €4,828 | €2,400 | -€2,428 | -50.3% |
| Other amounts payable | 47/48 | €235,610 | €218,513 | -€17,097 | -7.3% |
| Remuneration, social security and pensions | 62 | €65,574 | €46,675 | -€18,899 | -28.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,818 | €4,818 | = | 0.0% |
| Other operating charges | 640/8 | €3,557 | €6,083 | +€2,526 | +71.0% |
| Gross operating margin | 9900 | €77,257 | €88,706 | +€11,448 | +14.8% |
| Operating profit (loss) | 9901 | €3,309 | €31,130 | +€27,821 | +840.9% |
| Financial income | 75/76B | €19 | €14 | -€5 | -25.4% |
| Recurring financial income | 75 | €19 | €14 | -€5 | -25.4% |
| Financial charges | 65/66B | €948 | €3,440 | +€2,492 | +262.8% |
| Recurring financial charges | 65 | €948 | €3,440 | +€2,492 | +262.8% |
| Profit (loss) for the period before taxes | 9903 | €2,379 | €27,704 | +€25,325 | +1064.6% |
| Income taxes | 67/77 | €885 | €128 | -€757 | -85.5% |
| Profit (loss) for the period | 9904 | €1,494 | €27,576 | +€26,082 | +1746.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,494 | €27,576 | +€26,082 | +1746.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.