VRS A.O.: 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.
VRS A.O.
Largest movements
- Tangible fixed assets -€2,318
down €2,318 (-44.9%), from €5,160 to €2,843
of which Furniture and vehicles: -€4,509
- Debts after one year -€37,000
down €37,000 (-24.3%), from €152,000 to €115,000
- Current portion of long-term debt +€23,000
up €23,000 (+95.8%), from €24,000 to €47,000
- Trade debts -€18,910
down €18,910 (-91.1%), from €20,751 to €1,842
- Reserves +€17,196
up €17,196 (+83.5%), from €20,588 to €37,785
- Other debts +€6,603
up €6,603 (+143%), from €4,630 to €11,233
- Staff costs -€20,922
down €20,922 (-100%), from €20,922 to €0
- Gross operating margin -€8,421
down €8,421 (-21.8%), from €38,633 to €30,212
- Taxes +€3,930
up €3,930 (+73.3%), from €5,364 to €9,295
- Financial charges +€1,208
up €1,208 (+134%), from €903 to €2,111
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 | €230,709 | €227,993 | -€2,716 | -1.2% |
| Fixed assets | 21/28 | €205,160 | €202,843 | -€2,318 | -1.1% |
| Tangible fixed assets | 22/27 | €5,160 | €2,843 | -€2,318 | -44.9% |
| Plant, machinery and equipment | 23 | - | €2,191 | +€2,191 | |
| Furniture and vehicles | 24 | €5,160 | €652 | -€4,509 | -87.4% |
| Financial fixed assets | 28 | €200,000 | €200,000 | = | 0.0% |
| Current assets | 29/58 | €25,549 | €25,151 | -€398 | -1.6% |
| Amounts receivable within one year | 40/41 | €20,527 | €21,577 | +€1,050 | +5.1% |
| Trade receivables | 40 | €17,950 | €14,659 | -€3,292 | -18.3% |
| Other amounts receivable | 41 | €2,576 | €6,918 | +€4,342 | +169% |
| Cash at bank and in hand | 54/58 | €5,022 | €3,574 | -€1,448 | -28.8% |
| Total equity and liabilities | 10/49 | €230,709 | €227,993 | -€2,716 | -1.2% |
| Equity | 10/15 | €22,088 | €39,285 | +€17,196 | +77.9% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €20,588 | €37,785 | +€17,196 | +83.5% |
| Distributable reserves | 133 | €20,588 | €37,785 | +€17,196 | +83.5% |
| Amounts payable | 17/49 | €208,621 | €188,709 | -€19,912 | -9.5% |
| Amounts payable after more than one year | 17 | €152,000 | €115,000 | -€37,000 | -24.3% |
| Other amounts payable | 178/9 | €152,000 | €115,000 | -€37,000 | -24.3% |
| Amounts payable within one year | 42/48 | €55,892 | €70,369 | +€14,478 | +25.9% |
| Current portion of amounts payable after more than one year | 42 | €24,000 | €47,000 | +€23,000 | +95.8% |
| Trade debts | 44 | €20,751 | €1,842 | -€18,910 | -91.1% |
| Suppliers | 440/4 | €20,751 | €1,842 | -€18,910 | -91.1% |
| Taxes, remuneration and social security | 45 | €6,511 | €10,295 | +€3,784 | +58.1% |
| Taxes | 450/3 | €6,261 | €10,295 | +€4,034 | +64.4% |
| Remuneration and social security | 454/9 | €250 | €0 | -€250 | -100% |
| Other amounts payable | 47/48 | €4,630 | €11,233 | +€6,603 | +143% |
| Accrued charges and deferred income | 492/3 | €729 | €3,339 | +€2,610 | +358% |
| Non-recurring operating income | 76A | - | €884 | +€884 | |
| Remuneration, social security and pensions | 62 | €20,922 | €0 | -€20,922 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €902 | €896 | -€6 | -0.7% |
| Other operating charges | 640/8 | €643 | €715 | +€72 | +11.1% |
| Gross operating margin | 9900 | €38,633 | €30,212 | -€8,421 | -21.8% |
| Operating profit (loss) | 9901 | €16,167 | €28,601 | +€12,435 | +76.9% |
| Financial income | 75/76B | €69 | €0 | -€69 | -100% |
| Recurring financial income | 75 | €69 | €0 | -€69 | -100% |
| Financial charges | 65/66B | €903 | €2,111 | +€1,208 | +134% |
| Recurring financial charges | 65 | €903 | €2,111 | +€1,208 | +134% |
| Profit (loss) for the period before taxes | 9903 | €15,332 | €26,491 | +€11,158 | +72.8% |
| Income taxes | 67/77 | €5,364 | €9,295 | +€3,930 | +73.3% |
| Profit (loss) for the period | 9904 | €9,968 | €17,196 | +€7,228 | +72.5% |
| Profit (loss) for the period to be appropriated | 9905 | €9,968 | €17,196 | +€7,228 | +72.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.