VROEMANS: 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.
VROEMANS
Largest movements
- Current investments +€40,000
up €40,000 (+47,467%), from €84 to €40,085
- Receivables within one year -€14,867
down €14,867 (-71.0%), from €20,942 to €6,074
of which Trade receivables: -€15,193
- Stocks and contracts -€6,902
down €6,902 (-1.8%), from €380,974 to €374,072
- Trade debts +€15,484
up €15,484, from €0 to €15,484
- Gross operating margin -€37,732
down €37,732 (-81.2%), from €46,477 to €8,746
- Taxes -€9,909
down €9,909 (-86.8%), from €11,412 to €1,503
- Financial charges -€1,225
down €1,225 (-59.2%), from €2,068 to €843
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 | €481,624 | €502,565 | +€20,940 | +4.3% |
| Fixed assets | 21/28 | €39,002 | €37,467 | -€1,535 | -3.9% |
| Tangible fixed assets | 22/27 | €38,905 | €37,371 | -€1,535 | -3.9% |
| Land and buildings | 22 | €38,905 | €37,371 | -€1,535 | -3.9% |
| Financial fixed assets | 28 | €97 | €97 | = | 0.0% |
| Current assets | 29/58 | €442,622 | €465,098 | +€22,475 | +5.1% |
| Stocks and contracts in progress | 3 | €380,974 | €374,072 | -€6,902 | -1.8% |
| Stocks | 30/36 | €380,974 | €374,072 | -€6,902 | -1.8% |
| Amounts receivable within one year | 40/41 | €20,942 | €6,074 | -€14,867 | -71.0% |
| Trade receivables | 40 | €16,682 | €1,489 | -€15,193 | -91.1% |
| Other amounts receivable | 41 | €4,259 | €4,585 | +€325 | +7.6% |
| Current investments | 50/53 | €84 | €40,085 | +€40,000 | +47,467% |
| Cash at bank and in hand | 54/58 | €38,417 | €41,274 | +€2,858 | +7.4% |
| Deferred charges and accrued income | 490/1 | €2,205 | €3,592 | +€1,387 | +62.9% |
| Total equity and liabilities | 10/49 | €481,624 | €502,565 | +€20,940 | +4.3% |
| Equity | 10/15 | €473,274 | €476,295 | +€3,021 | +0.6% |
| Contributions | 10/11 | €110,870 | €110,870 | = | 0.0% |
| Reserves | 13 | €362,404 | €365,425 | +€3,021 | +0.8% |
| Tax-exempt reserves | 132 | €18,822 | €18,822 | = | 0.0% |
| Distributable reserves | 133 | €343,581 | €346,602 | +€3,021 | +0.9% |
| Amounts payable | 17/49 | €8,351 | €26,270 | +€17,919 | +215% |
| Amounts payable within one year | 42/48 | €8,351 | €26,270 | +€17,919 | +215% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €0 | €15,484 | +€15,484 | |
| Suppliers | 440/4 | €0 | €15,484 | +€15,484 | |
| Taxes, remuneration and social security | 45 | €2,496 | €6,533 | +€4,036 | +162% |
| Taxes | 450/3 | €2,496 | €6,533 | +€4,036 | +162% |
| Other amounts payable | 47/48 | €5,854 | €4,254 | -€1,601 | -27.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,535 | €1,535 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,863 | €1,920 | +€57 | +3.1% |
| Gross operating margin | 9900 | €46,477 | €8,746 | -€37,732 | -81.2% |
| Operating profit (loss) | 9901 | €43,079 | €5,291 | -€37,789 | -87.7% |
| Financial income | 75/76B | €47 | €77 | +€29 | +62.1% |
| Recurring financial income | 75 | €47 | €77 | +€29 | +62.1% |
| Financial charges | 65/66B | €2,068 | €843 | -€1,225 | -59.2% |
| Recurring financial charges | 65 | €2,068 | €843 | -€1,225 | -59.2% |
| Profit (loss) for the period before taxes | 9903 | €41,058 | €4,524 | -€36,534 | -89.0% |
| Income taxes | 67/77 | €11,412 | €1,503 | -€9,909 | -86.8% |
| Profit (loss) for the period | 9904 | €29,646 | €3,021 | -€26,625 | -89.8% |
| Profit (loss) for the period to be appropriated | 9905 | €29,646 | €3,021 | -€26,625 | -89.8% |
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 19 October 2026 via checked.be.