VROUWE: 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.
VROUWE
Largest movements
- Tangible fixed assets -€31,837
down €31,837 (-2.5%), from €1.3m to €1.3m
- Debts after one year -€61,905
down €61,905 (-7.2%), from €865,620 to €803,715
- Profit (loss) carried forward +€19,243
up €19,243 (+23.0%), from -€83,792 to -€64,549
- Gross operating margin +€55,578
up €55,578 (+171%), from €32,514 to €88,092
- Depreciation +€17,383
up €17,383 (+120%), from €14,455 to €31,837
- Financial charges +€5,290
up €5,290 (+18.5%), from €28,639 to €33,929
- Other operating charges +€2,957
up €2,957 (+2,347%), from €126 to €3,083
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 | €1,288,322 | €1,255,791 | -€32,531 | -2.5% |
| Fixed assets | 21/28 | €1,286,176 | €1,254,339 | -€31,837 | -2.5% |
| Tangible fixed assets | 22/27 | €1,286,176 | €1,254,339 | -€31,837 | -2.5% |
| Land and buildings | 22 | €1,286,176 | €1,254,339 | -€31,837 | -2.5% |
| Current assets | 29/58 | €2,145 | €1,452 | -€694 | -32.3% |
| Amounts receivable within one year | 40/41 | €2,145 | €0 | -€2,145 | -100% |
| Other amounts receivable | 41 | €2,145 | €0 | -€2,145 | -100% |
| Cash at bank and in hand | 54/58 | €0 | €1,202 | +€1,202 | |
| Deferred charges and accrued income | 490/1 | - | €250 | +€250 | |
| Total equity and liabilities | 10/49 | €1,288,322 | €1,255,791 | -€32,531 | -2.5% |
| Equity | 10/15 | -€76,792 | -€57,549 | +€19,243 | +25.1% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€83,792 | -€64,549 | +€19,243 | +23.0% |
| Amounts payable | 17/49 | €1,365,113 | €1,313,339 | -€51,774 | -3.8% |
| Amounts payable after more than one year | 17 | €865,620 | €803,715 | -€61,905 | -7.2% |
| Financial debts | 170/4 | €865,620 | €803,715 | -€61,905 | -7.2% |
| Amounts payable within one year | 42/48 | €490,704 | €498,908 | +€8,204 | +1.7% |
| Current portion of amounts payable after more than one year | 42 | €64,256 | €61,905 | -€2,350 | -3.7% |
| Trade debts | 44 | €2,097 | €1,316 | -€781 | -37.2% |
| Suppliers | 440/4 | €2,097 | €1,316 | -€781 | -37.2% |
| Other amounts payable | 47/48 | €424,351 | €435,686 | +€11,335 | +2.7% |
| Accrued charges and deferred income | 492/3 | €8,790 | €10,717 | +€1,928 | +21.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,455 | €31,837 | +€17,383 | +120% |
| Other operating charges | 640/8 | €126 | €3,083 | +€2,957 | +2,347% |
| Gross operating margin | 9900 | €32,514 | €88,092 | +€55,578 | +171% |
| Operating profit (loss) | 9901 | €17,934 | €53,172 | +€35,238 | +196% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €28,639 | €33,929 | +€5,290 | +18.5% |
| Recurring financial charges | 65 | €28,639 | €33,929 | +€5,290 | +18.5% |
| Profit (loss) for the period before taxes | 9903 | -€10,705 | €19,243 | +€29,948 | |
| Profit (loss) for the period | 9904 | -€10,705 | €19,243 | +€29,948 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,705 | €19,243 | +€29,948 |
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 14 October 2026 via checked.be.