VRS IMMO: 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 IMMO
Largest movements
- Receivables within one year +€4,995
up €4,995 (+71.4%), from €7,000 to €11,995
of which Trade receivables: +€4,995
- Receivables after one year -€2,733
down €2,733 (-100%), from €2,733 to €0
- Cash +€941
up €941, from €0 to €941
mainly Debts after one year (+€6,960) and Receivables after one year (+€2,733)
- Debts after one year +€6,960
new in 2025: €6,960
- Reserves -€6,125
down €6,125 (-100%), from €6,125 to €0
- Trade debts +€2,429
up €2,429 (+116%), from €2,100 to €4,528
- Gross operating margin -€2,439
down €2,439 (-120%), from -€2,032 to -€4,471
- Financial income -€208
down €208 (-88.8%), from €234 to €26
- Other operating charges +€193
up €193 (+17.9%), from €1,079 to €1,271
- Financial charges +€67
up €67 (+16.6%), from €403 to €469
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 | €9,733 | €12,938 | +€3,204 | +32.9% |
| Fixed assets | 21/28 | €0 | €1 | +€1 | |
| Tangible fixed assets | 22/27 | €0 | €1 | +€1 | |
| Land and buildings | 22 | - | €1 | +€1 | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €9,733 | €12,937 | +€3,203 | +32.9% |
| Amounts receivable after more than one year | 29 | €2,733 | €0 | -€2,733 | -100% |
| Other amounts receivable | 291 | €2,733 | €0 | -€2,733 | -100% |
| Amounts receivable within one year | 40/41 | €7,000 | €11,995 | +€4,995 | +71.4% |
| Trade receivables | 40 | €7,000 | €11,995 | +€4,995 | +71.4% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €0 | €941 | +€941 | |
| Total equity and liabilities | 10/49 | €9,733 | €12,938 | +€3,204 | +32.9% |
| Equity | 10/15 | €7,634 | €1,448 | -€6,185 | -81.0% |
| Contributions | 10/11 | €1,509 | €1,509 | = | 0.0% |
| Reserves | 13 | €6,125 | €0 | -€6,125 | -100% |
| Distributable reserves | 133 | €6,125 | €0 | -€6,125 | -100% |
| Profit (loss) carried forward | 14 | - | -€60 | -€60 | |
| Amounts payable | 17/49 | €2,100 | €11,490 | +€9,390 | +447% |
| Amounts payable after more than one year | 17 | - | €6,960 | +€6,960 | |
| Other amounts payable | 178/9 | - | €6,960 | +€6,960 | |
| Amounts payable within one year | 42/48 | €2,100 | €4,528 | +€2,429 | +116% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €2,100 | €4,528 | +€2,429 | +116% |
| Suppliers | 440/4 | €2,100 | €4,528 | +€2,429 | +116% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €1 | +€1 | |
| Non-recurring operating income | 76A | €3,404 | €0 | -€3,404 | -100% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €1,079 | €1,271 | +€193 | +17.9% |
| Gross operating margin | 9900 | -€2,032 | -€4,471 | -€2,439 | -120% |
| Operating profit (loss) | 9901 | -€3,110 | -€5,742 | -€2,632 | -84.6% |
| Financial income | 75/76B | €234 | €26 | -€208 | -88.8% |
| Recurring financial income | 75 | €234 | €26 | -€208 | -88.8% |
| Financial charges | 65/66B | €403 | €469 | +€67 | +16.6% |
| Recurring financial charges | 65 | €403 | €469 | +€67 | +16.6% |
| Profit (loss) for the period before taxes | 9903 | -€3,279 | -€6,185 | -€2,907 | -88.7% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€3,279 | -€6,185 | -€2,907 | -88.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,279 | -€6,185 | -€2,907 | -88.7% |
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 16 October 2026 via checked.be.