VROMACO: 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.
VROMACO
Largest movements
- Current investments +€306,277
up €306,277 (+18.5%), from €1.7m to €2.0m
- Cash +€54,427
up €54,427 (+314.2%), from €17,321 to €71,747
- Tangible fixed assets -€42,501
down €42,501 (-2.7%), from €1.6m to €1.5m
of which Land and buildings: -€42,501
- Other debts +€724,973
up €724,973 (+502.7%), from €144,225 to €869,198
- Provisions -€367,206
down €367,206 (-100.0%), from €367,206 to €0
- Debts after one year -€96,250
down €96,250 (-9.5%), from €1.0m to €916,667
- Tax, wage and social debts +€50,737
up €50,737, from €0 to €50,737
of which Taxes: +€50,737
- Taxes +€391,929
up €391,929, from €0 to €391,929
- Financial charges +€136,243
up €136,243 (+408.6%), from €33,346 to €169,589
- Financial income +€123,432
up €123,432 (+483.2%), from €25,543 to €148,975
- Depreciation -€81,912
down €81,912 (-63.7%), from €128,575 to €46,663
- Gross operating margin +€22,878
up €22,878 (+23.6%), from €96,939 to €119,817
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,334,533 | €3,668,677 | +€334,144 | +10.0% |
| Fixed assets | 21/28 | €1,590,102 | €1,547,602 | -€42,501 | -2.7% |
| Tangible fixed assets | 22/27 | €1,590,102 | €1,547,602 | -€42,501 | -2.7% |
| Land and buildings | 22 | €1,590,102 | €1,547,602 | -€42,501 | -2.7% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €1,744,430 | €2,121,075 | +€376,645 | +21.6% |
| Amounts receivable within one year | 40/41 | €68,545 | €84,040 | +€15,495 | +22.6% |
| Trade receivables | 40 | €32,109 | €25,812 | -€6,297 | -19.6% |
| Other amounts receivable | 41 | €36,436 | €58,228 | +€21,792 | +59.8% |
| Current investments | 50/53 | €1,658,565 | €1,964,841 | +€306,277 | +18.5% |
| Cash at bank and in hand | 54/58 | €17,321 | €71,747 | +€54,427 | +314.2% |
| Deferred charges and accrued income | 490/1 | - | €447 | +€447 | |
| Total equity and liabilities | 10/49 | €3,334,533 | €3,668,677 | +€334,144 | +10.0% |
| Equity | 10/15 | €1,748,315 | €1,770,391 | +€22,075 | +1.3% |
| Contributions | 10/11 | €130,000 | €130,000 | = | 0.0% |
| Capital | 10 | €130,000 | €130,000 | = | 0.0% |
| Issued capital | 100 | €130,000 | €130,000 | = | 0.0% |
| Reserves | 13 | €1,618,315 | €1,640,391 | +€22,075 | +1.4% |
| Non-distributable reserves | 130/1 | €13,000 | €13,000 | = | 0.0% |
| Legal reserve | 130 | €13,000 | €13,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,101,617 | €0 | -€1.1m | -100.0% |
| Distributable reserves | 133 | €503,699 | €1,627,391 | +€1.1m | +223.1% |
| Provisions and deferred taxes | 16 | €367,206 | €0 | -€367,206 | -100.0% |
| Deferred taxes | 168 | €367,206 | €0 | -€367,206 | -100.0% |
| Amounts payable | 17/49 | €1,219,012 | €1,898,286 | +€679,274 | +55.7% |
| Amounts payable after more than one year | 17 | €1,012,917 | €916,667 | -€96,250 | -9.5% |
| Financial debts | 170/4 | €1,012,917 | €916,667 | -€96,250 | -9.5% |
| Amounts payable within one year | 42/48 | €206,095 | €981,619 | +€775,524 | +376.3% |
| Current portion of amounts payable after more than one year | 42 | €55,000 | €55,000 | = | 0.0% |
| Trade debts | 44 | €6,870 | €6,684 | -€186 | -2.7% |
| Suppliers | 440/4 | €6,870 | €6,684 | -€186 | -2.7% |
| Taxes, remuneration and social security | 45 | €0 | €50,737 | +€50,737 | |
| Taxes | 450/3 | €0 | €50,737 | +€50,737 | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €144,225 | €869,198 | +€724,973 | +502.7% |
| Non-recurring operating income | 76A | €3,379 | €0 | -€3,379 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €128,575 | €46,663 | -€81,912 | -63.7% |
| Other operating charges | 640/8 | €1,535 | €5,741 | +€4,206 | +274.0% |
| Gross operating margin | 9900 | €96,939 | €119,817 | +€22,878 | +23.6% |
| Operating profit (loss) | 9901 | -€33,171 | €67,413 | +€100,584 | |
| Financial income | 75/76B | €25,543 | €148,975 | +€123,432 | +483.2% |
| Recurring financial income | 75 | €25,543 | €148,975 | +€123,432 | +483.2% |
| Financial charges | 65/66B | €33,346 | €169,589 | +€136,243 | +408.6% |
| Recurring financial charges | 65 | €33,346 | €169,589 | +€136,243 | +408.6% |
| Profit (loss) for the period before taxes | 9903 | -€40,974 | €46,799 | +€87,773 | |
| Transfer from deferred taxes | 780 | - | €367,206 | +€367,206 | |
| Income taxes | 67/77 | €0 | €391,929 | +€391,929 | |
| Profit (loss) for the period | 9904 | -€40,974 | €22,075 | +€63,049 | |
| Transfer from tax-exempt reserves | 789 | - | €1,101,617 | +€1.1m | |
| Profit (loss) for the period to be appropriated | 9905 | -€40,974 | €1,123,692 | +€1.2m |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.