VRS Wood: 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 Wood
Largest movements
- Receivables within one year +€206,114
up €206,114 (+55,747%), from €370 to €206,483
of which Trade receivables: +€158,243
- Tangible fixed assets +€126,179
new in 2024: €126,179
of which Furniture and vehicles: +€71,139
- Intangible fixed assets +€108,000
new in 2024: €108,000
- Stocks and contracts +€38,708
new in 2024: €38,708
- Cash +€22,033
up €22,033 (+220%), from €10,000 to €32,033
mainly Debts after one year (+€185,933) and Net result for the year (+€128,780)
- Debts after one year +€185,933
new in 2024: €185,933
- Reserves +€126,911
new in 2024: €126,911
- Other debts +€81,410
up €81,410 (+2,871%), from €2,836 to €84,246
- Trade debts +€60,897
new in 2024: €60,897
- Current portion of long-term debt +€37,600
new in 2024: €37,600
- Gross operating margin +€246,982
up €246,982, from -€1,476 to €245,506
- Depreciation +€59,638
up €59,638 (+665,604%), from €9 to €59,647
- Taxes +€45,295
new in 2024: €45,295
- Financial charges +€9,210
new in 2024: €9,210
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,966 | €515,881 | +€504,915 | +4,604% |
| Formation expenses | 20 | €597 | €476 | -€121 | -20.3% |
| Fixed assets | 21/28 | - | €234,179 | +€234,179 | |
| Intangible fixed assets | 21 | - | €108,000 | +€108,000 | |
| Tangible fixed assets | 22/27 | - | €126,179 | +€126,179 | |
| Plant, machinery and equipment | 23 | - | €55,040 | +€55,040 | |
| Furniture and vehicles | 24 | - | €71,139 | +€71,139 | |
| Current assets | 29/58 | €10,370 | €281,227 | +€270,857 | +2,612% |
| Stocks and contracts in progress | 3 | - | €38,708 | +€38,708 | |
| Stocks | 30/36 | - | €38,708 | +€38,708 | |
| Amounts receivable within one year | 40/41 | €370 | €206,483 | +€206,114 | +55,747% |
| Trade receivables | 40 | - | €158,243 | +€158,243 | |
| Other amounts receivable | 41 | €370 | €48,240 | +€47,871 | +12,947% |
| Cash at bank and in hand | 54/58 | €10,000 | €32,033 | +€22,033 | +220% |
| Deferred charges and accrued income | 490/1 | - | €4,002 | +€4,002 | |
| Total equity and liabilities | 10/49 | €10,966 | €515,881 | +€504,915 | +4,604% |
| Equity | 10/15 | €8,131 | €136,911 | +€128,780 | +1,584% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | - | €126,911 | +€126,911 | |
| Distributable reserves | 133 | - | €126,911 | +€126,911 | |
| Profit (loss) carried forward | 14 | -€1,869 | €0 | +€1,869 | |
| Amounts payable | 17/49 | €2,836 | €378,971 | +€376,135 | +13,264% |
| Amounts payable after more than one year | 17 | - | €185,933 | +€185,933 | |
| Financial debts | 170/4 | - | €185,933 | +€185,933 | |
| Amounts payable within one year | 42/48 | €2,836 | €193,037 | +€190,201 | +6,707% |
| Current portion of amounts payable after more than one year | 42 | - | €37,600 | +€37,600 | |
| Trade debts | 44 | - | €60,897 | +€60,897 | |
| Suppliers | 440/4 | - | €60,897 | +€60,897 | |
| Taxes, remuneration and social security | 45 | - | €10,295 | +€10,295 | |
| Taxes | 450/3 | - | €10,295 | +€10,295 | |
| Other amounts payable | 47/48 | €2,836 | €84,246 | +€81,410 | +2,871% |
| Non-recurring operating income | 76A | - | €2,003 | +€2,003 | |
| Remuneration, social security and pensions | 62 | - | €1,329 | +€1,329 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9 | €59,647 | +€59,638 | +665,604% |
| Other operating charges | 640/8 | €384 | €1,427 | +€1,042 | +271% |
| Gross operating margin | 9900 | -€1,476 | €245,506 | +€246,982 | |
| Operating profit (loss) | 9901 | -€1,869 | €183,103 | +€184,973 | |
| Financial income | 75/76B | - | €181 | +€181 | |
| Recurring financial income | 75 | - | €181 | +€181 | |
| Financial charges | 65/66B | - | €9,210 | +€9,210 | |
| Recurring financial charges | 65 | - | €9,210 | +€9,210 | |
| Profit (loss) for the period before taxes | 9903 | -€1,869 | €174,075 | +€175,944 | |
| Income taxes | 67/77 | - | €45,295 | +€45,295 | |
| Profit (loss) for the period | 9904 | -€1,869 | €128,780 | +€130,650 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,869 | €128,780 | +€130,650 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.