VRSure: 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.
VRSure
Largest movements
- Receivables within one year +€41,822
up €41,822 (+48.7%), from €85,885 to €127,707
of which Other amounts receivable: +€54,403
- Cash +€29,898
up €29,898 (+56.1%), from €53,317 to €83,216
mainly Net result for the year (+€78,749) and Depreciation (+€9,071)
- Tangible fixed assets -€9,071
down €9,071 (-66.3%), from €13,682 to €4,610
- Deferred charges and accrued income +€3,159
up €3,159 (+81.6%), from €3,872 to €7,031
- Reserves +€78,749
up €78,749 (+70.2%), from €112,221 to €190,970
- Debts after one year -€6,066
down €6,066 (-35.5%), from €17,104 to €11,039
- Tax, wage and social debts -€5,743
down €5,743 (-35.5%), from €16,182 to €10,439
- Gross operating margin +€7,777
up €7,777 (+7.8%), from €99,158 to €106,935
- Taxes +€2,753
up €2,753 (+14.1%), from €19,509 to €22,262
- Financial income +€2,452
up €2,452 (+112.6%), from €2,178 to €4,631
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.
Cash bridge derived
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 | €157,006 | €222,814 | +€65,808 | +41.9% |
| Fixed assets | 21/28 | €13,932 | €4,860 | -€9,071 | -65.1% |
| Tangible fixed assets | 22/27 | €13,682 | €4,610 | -€9,071 | -66.3% |
| Furniture and vehicles | 24 | €13,682 | €4,610 | -€9,071 | -66.3% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €143,075 | €217,954 | +€74,880 | +52.3% |
| Amounts receivable within one year | 40/41 | €85,885 | €127,707 | +€41,822 | +48.7% |
| Trade receivables | 40 | €32,942 | €20,361 | -€12,581 | -38.2% |
| Other amounts receivable | 41 | €52,943 | €107,346 | +€54,403 | +102.8% |
| Cash at bank and in hand | 54/58 | €53,317 | €83,216 | +€29,898 | +56.1% |
| Deferred charges and accrued income | 490/1 | €3,872 | €7,031 | +€3,159 | +81.6% |
| Total equity and liabilities | 10/49 | €157,006 | €222,814 | +€65,808 | +41.9% |
| Equity | 10/15 | €115,221 | €193,970 | +€78,749 | +68.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €112,221 | €190,970 | +€78,749 | +70.2% |
| Distributable reserves | 133 | €112,221 | €190,970 | +€78,749 | +70.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €41,785 | €28,844 | -€12,941 | -31.0% |
| Amounts payable after more than one year | 17 | €17,104 | €11,039 | -€6,066 | -35.5% |
| Financial debts | 170/4 | €17,104 | €11,039 | -€6,066 | -35.5% |
| Amounts payable within one year | 42/48 | €24,681 | €17,806 | -€6,875 | -27.9% |
| Current portion of amounts payable after more than one year | 42 | €5,680 | €6,066 | +€386 | +6.8% |
| Trade debts | 44 | €1,119 | €1,301 | +€182 | +16.3% |
| Suppliers | 440/4 | €1,119 | €1,301 | +€182 | +16.3% |
| Taxes, remuneration and social security | 45 | €16,182 | €10,439 | -€5,743 | -35.5% |
| Taxes | 450/3 | €16,182 | €10,439 | -€5,743 | -35.5% |
| Other amounts payable | 47/48 | €1,700 | €0 | -€1,700 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,071 | €9,071 | +€0 | 0.0% |
| Other operating charges | 640/8 | €620 | €112 | -€508 | -82.0% |
| Gross operating margin | 9900 | €99,158 | €106,935 | +€7,777 | +7.8% |
| Operating profit (loss) | 9901 | €89,467 | €97,752 | +€8,285 | +9.3% |
| Financial income | 75/76B | €2,178 | €4,631 | +€2,452 | +112.6% |
| Recurring financial income | 75 | €2,178 | €4,631 | +€2,452 | +112.6% |
| Financial charges | 65/66B | €1,736 | €1,372 | -€364 | -21.0% |
| Recurring financial charges | 65 | €1,736 | €1,372 | -€364 | -21.0% |
| Profit (loss) for the period before taxes | 9903 | €89,909 | €101,011 | +€11,102 | +12.3% |
| Income taxes | 67/77 | €19,509 | €22,262 | +€2,753 | +14.1% |
| Profit (loss) for the period | 9904 | €70,400 | €78,749 | +€8,349 | +11.9% |
| Profit (loss) for the period to be appropriated | 9905 | €70,400 | €78,749 | +€8,349 | +11.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.