VUUR: what changed
VUUR
Largest movements
- Tangible fixed assets -€54,079
down €54,079 (-76.1%), from €71,038 to €16,959
of which Leasing and similar rights: -€59,700
- Receivables within one year +€25,539
up €25,539 (+190%), from €13,409 to €38,948
of which Other amounts receivable: +€19,189
- Deferred charges and accrued income -€8,586
down €8,586 (-27.0%), from €31,763 to €23,177
- Cash +€2,185
up €2,185 (+19.5%), from €11,214 to €13,399
mainly Investment in fixed assets (net) (+€50,861) and Net result for the year (+€33,379)
- Debts after one year -€43,105
down €43,105 (-100%), from €43,105 to €0
- Profit (loss) carried forward +€33,379
up €33,379 (+57.4%), from -€58,114 to -€24,735
- Other debts -€21,621
down €21,621 (-30.3%), from €71,334 to €49,713
- Current portion of long-term debt -€7,181
down €7,181 (-25.2%), from €28,545 to €21,364
- Tax, wage and social debts +€4,433
up €4,433 (+86.3%), from €5,140 to €9,573
- Financial charges -€47,705
down €47,705 (-93.9%), from €50,814 to €3,110
- Taxes +€11,157
up €11,157 (+514%), from €2,171 to €13,327
- Gross operating margin -€5,729
down €5,729 (-7.0%), from €81,646 to €75,917
- Depreciation -€5,382
down €5,382 (-61.2%), from €8,800 to €3,418
- Other operating charges -€3,743
down €3,743 (-53.6%), from €6,984 to €3,241
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €141,096 | €105,954 | -€35,142 | -24.9% |
| Fixed assets | 21/28 | €71,238 | €16,959 | -€54,279 | -76.2% |
| Tangible fixed assets | 22/27 | €71,038 | €16,959 | -€54,079 | -76.1% |
| Plant, machinery and equipment | 23 | €2,885 | €1,522 | -€1,362 | -47.2% |
| Furniture and vehicles | 24 | €732 | €460 | -€272 | -37.2% |
| Leasing and similar rights | 25 | €59,700 | €0 | -€59,700 | -100% |
| Other tangible fixed assets | 26 | €7,721 | €14,976 | +€7,255 | +94.0% |
| Financial fixed assets | 28 | €200 | €0 | -€200 | -100% |
| Current assets | 29/58 | €69,858 | €88,996 | +€19,137 | +27.4% |
| Amounts receivable within one year | 40/41 | €13,409 | €38,948 | +€25,539 | +190% |
| Trade receivables | 40 | €9,075 | €15,425 | +€6,350 | +70.0% |
| Other amounts receivable | 41 | €4,334 | €23,523 | +€19,189 | +443% |
| Current investments | 50/53 | €13,472 | €13,472 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €11,214 | €13,399 | +€2,185 | +19.5% |
| Deferred charges and accrued income | 490/1 | €31,763 | €23,177 | -€8,586 | -27.0% |
| Total equity and liabilities | 10/49 | €141,096 | €105,954 | -€35,142 | -24.9% |
| Equity | 10/15 | -€8,884 | €24,495 | +€33,379 | |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €37,230 | €37,230 | = | 0.0% |
| Non-distributable reserves | 130/1 | €172 | €172 | = | 0.0% |
| Reserves not available under the articles | 1311 | €172 | €172 | = | 0.0% |
| Distributable reserves | 133 | €37,058 | €37,058 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€58,114 | -€24,735 | +€33,379 | +57.4% |
| Amounts payable | 17/49 | €149,980 | €81,460 | -€68,521 | -45.7% |
| Amounts payable after more than one year | 17 | €43,105 | €0 | -€43,105 | -100% |
| Financial debts | 170/4 | €43,105 | €0 | -€43,105 | -100% |
| Amounts payable within one year | 42/48 | €106,875 | €81,460 | -€25,416 | -23.8% |
| Current portion of amounts payable after more than one year | 42 | €28,545 | €21,364 | -€7,181 | -25.2% |
| Trade debts | 44 | €1,857 | €810 | -€1,047 | -56.4% |
| Suppliers | 440/4 | €1,857 | €810 | -€1,047 | -56.4% |
| Taxes, remuneration and social security | 45 | €5,140 | €9,573 | +€4,433 | +86.3% |
| Taxes | 450/3 | €5,140 | €9,573 | +€4,433 | +86.3% |
| Other amounts payable | 47/48 | €71,334 | €49,713 | -€21,621 | -30.3% |
| Non-recurring operating income | 76A | €9,881 | €0 | -€9,881 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,800 | €3,418 | -€5,382 | -61.2% |
| Other operating charges | 640/8 | €6,984 | €3,241 | -€3,743 | -53.6% |
| Non-recurring operating charges | 66A | €10,124 | €20,608 | +€10,484 | +104% |
| Gross operating margin | 9900 | €81,646 | €75,917 | -€5,729 | -7.0% |
| Operating profit (loss) | 9901 | €55,738 | €48,650 | -€7,088 | -12.7% |
| Financial income | 75/76B | €15 | €1,166 | +€1,151 | +7,854% |
| Recurring financial income | 75 | €15 | €1,166 | +€1,151 | +7,854% |
| Financial charges | 65/66B | €50,814 | €3,110 | -€47,705 | -93.9% |
| Recurring financial charges | 65 | €50,814 | €3,110 | -€47,705 | -93.9% |
| Profit (loss) for the period before taxes | 9903 | €4,938 | €46,706 | +€41,768 | +846% |
| Income taxes | 67/77 | €2,171 | €13,327 | +€11,157 | +514% |
| Profit (loss) for the period | 9904 | €2,767 | €33,379 | +€30,612 | +1,106% |
| Profit (loss) for the period to be appropriated | 9905 | €2,767 | €33,379 | +€30,612 | +1,106% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.