VRW Services: 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.
VRW Services
Largest movements
- Receivables after one year +€40,000
up €40,000 (+61.5%), from €65,000 to €105,000
- Cash +€3,434
up €3,434 (+50.1%), from €6,858 to €10,292
mainly Net result for the year (+€36,456) and Tax, wage and social debts (+€7,454)
- Reserves +€36,456
up €36,456 (+57.6%), from €63,258 to €99,714
- Tax, wage and social debts +€7,454
up €7,454 (+32.8%), from €22,742 to €30,196
- Gross operating margin +€4,383
up €4,383 (+9.2%), from €47,788 to €52,171
- Financial charges +€1,823
up €1,823 (+1022.8%), from €178 to €2,002
- Financial income +€1,019
up €1,019 (+62.7%), from €1,625 to €2,644
- Depreciation +€742
up €742 (+26.4%), from €2,811 to €3,553
- Other operating charges -€590
down €590 (-41.7%), from €1,415 to €825
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 | €91,767 | €137,092 | +€45,326 | +49.4% |
| Fixed assets | 21/28 | €18,813 | €20,011 | +€1,197 | +6.4% |
| Tangible fixed assets | 22/27 | €18,813 | €20,011 | +€1,197 | +6.4% |
| Land and buildings | 22 | €15,814 | €13,946 | -€1,868 | -11.8% |
| Plant, machinery and equipment | 23 | €2,999 | €2,056 | -€943 | -31.4% |
| Furniture and vehicles | 24 | - | €4,008 | +€4,008 | |
| Current assets | 29/58 | €72,953 | €117,082 | +€44,128 | +60.5% |
| Amounts receivable after more than one year | 29 | €65,000 | €105,000 | +€40,000 | +61.5% |
| Other amounts receivable | 291 | €65,000 | €105,000 | +€40,000 | +61.5% |
| Amounts receivable within one year | 40/41 | €242 | - | -€242 | |
| Trade receivables | 40 | €242 | - | -€242 | |
| Cash at bank and in hand | 54/58 | €6,858 | €10,292 | +€3,434 | +50.1% |
| Deferred charges and accrued income | 490/1 | €853 | €1,789 | +€937 | +109.8% |
| Total equity and liabilities | 10/49 | €91,767 | €137,092 | +€45,326 | +49.4% |
| Equity | 10/15 | €65,258 | €101,714 | +€36,456 | +55.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €63,258 | €99,714 | +€36,456 | +57.6% |
| Distributable reserves | 133 | €63,258 | €99,714 | +€36,456 | +57.6% |
| Amounts payable | 17/49 | €26,509 | €35,378 | +€8,870 | +33.5% |
| Amounts payable within one year | 42/48 | €26,509 | €35,378 | +€8,870 | +33.5% |
| Trade debts | 44 | €2,115 | €2,814 | +€699 | +33.0% |
| Suppliers | 440/4 | €2,115 | €2,814 | +€699 | +33.0% |
| Taxes, remuneration and social security | 45 | €22,742 | €30,196 | +€7,454 | +32.8% |
| Taxes | 450/3 | €22,742 | €30,196 | +€7,454 | +32.8% |
| Other amounts payable | 47/48 | €1,651 | €2,368 | +€717 | +43.4% |
| Remuneration, social security and pensions | 62 | €90 | - | -€90 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,811 | €3,553 | +€742 | +26.4% |
| Other operating charges | 640/8 | €1,415 | €825 | -€590 | -41.7% |
| Gross operating margin | 9900 | €47,788 | €52,171 | +€4,383 | +9.2% |
| Operating profit (loss) | 9901 | €43,472 | €47,793 | +€4,321 | +9.9% |
| Financial income | 75/76B | €1,625 | €2,644 | +€1,019 | +62.7% |
| Recurring financial income | 75 | €1,625 | €2,644 | +€1,019 | +62.7% |
| Financial charges | 65/66B | €178 | €2,002 | +€1,823 | +1022.8% |
| Recurring financial charges | 65 | €178 | €2,002 | +€1,823 | +1022.8% |
| Profit (loss) for the period before taxes | 9903 | €44,919 | €48,435 | +€3,516 | +7.8% |
| Income taxes | 67/77 | €12,229 | €11,979 | -€250 | -2.0% |
| Profit (loss) for the period | 9904 | €32,690 | €36,456 | +€3,766 | +11.5% |
| Profit (loss) for the period to be appropriated | 9905 | €32,690 | €36,456 | +€3,766 | +11.5% |
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 7 October 2026 via checked.be.