VUURVAST: what changed
What changed
VUURVAST
NACE 28.210, Manufacture of machinery and equipment not elsewhere classified
filed annual accounts (NBB)
Net result for the year
€239,925
2024 · €130,569+€109,355
Equity
€4.2m
2024 · €4.1m+€119,925
Cash
€46,932
2024 · €146,418-€99,486
Balance sheet total
€7.4m
2024 · €8.4m-€933,656
Largest movements
Assets
- Receivables within one year -€946,516
down €946,516 (-30.3%), from €3.1m to €2.2m
of which Trade receivables: -€702,698
- Tangible fixed assets -€106,751
down €106,751 (-2.5%), from €4.4m to €4.2m
of which Furniture and vehicles: -€71,045
- Financial fixed assets +€100,000
up €100,000 (+4,996%), from €2,002 to €102,002
- Cash -€99,486
down €99,486 (-67.9%), from €146,418 to €46,932
mainly Short-term financial debts (-€872,606) and Debts after one year (-€313,537)
- Stocks and contracts +€84,705
up €84,705 (+12.1%), from €699,211 to €783,917
of which Stocks: +€97,373
Equity and liabilities
- Short-term financial debts -€872,606
down €872,606 (-49.9%), from €1.8m to €877,710
- Debts after one year -€313,537
down €313,537 (-30.2%), from €1.0m to €725,750
- Trade debts +€212,549
up €212,549 (+34.1%), from €623,212 to €835,760
- Tax, wage and social debts -€134,347
down €134,347 (-31.2%), from €431,211 to €296,864
of which Remuneration and social security: -€100,275
- Other debts +€120,000
new in 2025: €120,000
Income statement
- Staff costs -€150,429
down €150,429 (-7.2%), from €2.1m to €1.9m
- Gross operating margin -€83,402
down €83,402 (-3.0%), from €2.8m to €2.7m
- Depreciation -€33,995
down €33,995 (-11.4%), from €297,736 to €263,741
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€130,569
Gross operating margin
-€83,402
Staff costs
+€150,429
Depreciation
+€33,995
Write-downs
-€518
Other operating charges
-€15,430
Other operating items
-€3,287
Financial income
-€2,204
Financial charges
+€7,740
Taxes
+€22,034
Result 2025
€239,925
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.5m
Investment
-€256,991
Financing
-€1.4m
Cash 2024
€146,418
From operations (derived)
+€1.5m
Net result for the year
+€239,925
Depreciation
+€263,741
Stocks and contracts
-€84,705
Receivables within one year
+€946,516
Deferred charges and accrued income
-€34,391
Trade debts
+€212,549
Tax, wage and social debts
-€134,347
Other debts
+€120,000
Investment (derived)
-€256,991
Investment in fixed assets (net)
-€256,991
Financing
-€1.4m
Debts after one year
-€313,537
Current portion of long-term debt
-€65,639
Short-term financial debts
-€872,606
Contributions, distributions and other
-€120,000
Cash 2025
€46,932
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,359,464 | €7,425,808 | -€933,656 | -11.2% |
| Fixed assets | 21/28 | €4,358,440 | €4,351,690 | -€6,751 | -0.2% |
| Tangible fixed assets | 22/27 | €4,356,439 | €4,249,688 | -€106,751 | -2.5% |
| Land and buildings | 22 | €3,804,571 | €3,765,968 | -€38,603 | -1.0% |
| Plant, machinery and equipment | 23 | €374,384 | €421,499 | +€47,115 | +12.6% |
| Furniture and vehicles | 24 | €87,115 | €16,070 | -€71,045 | -81.6% |
| Leasing and similar rights | 25 | €90,369 | €46,151 | -€44,218 | -48.9% |
| Financial fixed assets | 28 | €2,002 | €102,002 | +€100,000 | +4,996% |
| Current assets | 29/58 | €4,001,023 | €3,074,118 | -€926,905 | -23.2% |
| Stocks and contracts in progress | 3 | €699,211 | €783,917 | +€84,705 | +12.1% |
| Stocks | 30/36 | €397,895 | €495,268 | +€97,373 | +24.5% |
| Contracts in progress | 37 | €301,316 | €288,648 | -€12,668 | -4.2% |
| Amounts receivable within one year | 40/41 | €3,126,557 | €2,180,041 | -€946,516 | -30.3% |
| Trade receivables | 40 | €2,208,228 | €1,505,531 | -€702,698 | -31.8% |
| Other amounts receivable | 41 | €918,329 | €674,510 | -€243,818 | -26.6% |
| Cash at bank and in hand | 54/58 | €146,418 | €46,932 | -€99,486 | -67.9% |
| Deferred charges and accrued income | 490/1 | €28,837 | €63,229 | +€34,391 | +119% |
| Total equity and liabilities | 10/49 | €8,359,464 | €7,425,808 | -€933,656 | -11.2% |
| Equity | 10/15 | €4,104,170 | €4,224,094 | +€119,925 | +2.9% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Capital | 10 | €123,947 | €123,947 | = | 0.0% |
| Issued capital | 100 | €123,947 | €123,947 | = | 0.0% |
| Revaluation surpluses | 12 | €2,985,000 | €2,985,000 | = | 0.0% |
| Reserves | 13 | €995,223 | €1,115,148 | +€119,925 | +12.1% |
| Non-distributable reserves | 130/1 | €12,395 | €12,395 | = | 0.0% |
| Legal reserve | 130 | €12,395 | €12,395 | = | 0.0% |
| Distributable reserves | 133 | €982,828 | €1,102,753 | +€119,925 | +12.2% |
| Amounts payable | 17/49 | €4,255,294 | €3,201,714 | -€1.1m | -24.8% |
| Amounts payable after more than one year | 17 | €1,039,287 | €725,750 | -€313,537 | -30.2% |
| Financial debts | 170/4 | €1,039,287 | €725,750 | -€313,537 | -30.2% |
| Amounts payable within one year | 42/48 | €3,216,007 | €2,475,964 | -€740,043 | -23.0% |
| Current portion of amounts payable after more than one year | 42 | €411,268 | €345,629 | -€65,639 | -16.0% |
| Financial debts | 43 | €1,750,316 | €877,710 | -€872,606 | -49.9% |
| Credit institutions | 430/8 | €1,750,316 | €877,710 | -€872,606 | -49.9% |
| Trade debts | 44 | €623,212 | €835,760 | +€212,549 | +34.1% |
| Suppliers | 440/4 | €623,212 | €835,760 | +€212,549 | +34.1% |
| Taxes, remuneration and social security | 45 | €431,211 | €296,864 | -€134,347 | -31.2% |
| Taxes | 450/3 | €191,407 | €157,335 | -€34,072 | -17.8% |
| Remuneration and social security | 454/9 | €239,804 | €139,529 | -€100,275 | -41.8% |
| Other amounts payable | 47/48 | - | €120,000 | +€120,000 | |
| Non-recurring operating income | 76A | €49,172 | €62,399 | +€13,227 | +26.9% |
| Remuneration, social security and pensions | 62 | €2,098,505 | €1,948,076 | -€150,429 | -7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €297,736 | €263,741 | -€33,995 | -11.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €631 | €1,150 | +€518 | +82.1% |
| Other operating charges | 640/8 | €73,865 | €89,295 | +€15,430 | +20.9% |
| Non-recurring operating charges | 66A | €3,212 | €6,499 | +€3,287 | +102% |
| Gross operating margin | 9900 | €2,800,327 | €2,716,925 | -€83,402 | -3.0% |
| Operating profit (loss) | 9901 | €326,378 | €408,164 | +€81,785 | +25.1% |
| Financial income | 75/76B | €43,098 | €40,894 | -€2,204 | -5.1% |
| Recurring financial income | 75 | €43,098 | €40,894 | -€2,204 | -5.1% |
| Financial charges | 65/66B | €163,177 | €155,438 | -€7,740 | -4.7% |
| Recurring financial charges | 65 | €163,177 | €155,438 | -€7,740 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €206,299 | €293,620 | +€87,321 | +42.3% |
| Income taxes | 67/77 | €75,729 | €53,695 | -€22,034 | -29.1% |
| Profit (loss) for the period | 9904 | €130,569 | €239,925 | +€109,355 | +83.8% |
| Profit (loss) for the period to be appropriated | 9905 | €130,569 | €239,925 | +€109,355 | +83.8% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.