VVR RETAIL SERVICES: 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.
VVR RETAIL SERVICES
Largest movements
- Cash +€50,355
up €50,355 (+6,278%), from €802 to €51,157
mainly Net result for the year (+€62,571) and Advances received (+€53,500)
- Financial fixed assets +€21,771
up €21,771 (+9.8%), from €221,438 to €243,209
- Advances received +€53,500
new in 2025: €53,500
- Profit (loss) carried forward +€35,742
up €35,742 (+298%), from €11,976 to €47,718
- Debts after one year +€32,456
up €32,456 (+12.3%), from €264,326 to €296,783
- Other debts -€22,784
down €22,784 (-38.3%), from €59,561 to €36,777
- Trade debts -€20,612
down €20,612 (-92.4%), from €22,300 to €1,688
- Gross operating margin -€28,606
down €28,606 (-20.5%), from €139,853 to €111,247
- Other operating charges -€7,948
down €7,948 (-74.9%), from €10,617 to €2,669
- Financial charges +€3,671
up €3,671 (+33.4%), from €11,008 to €14,680
- Depreciation +€3,027
up €3,027 (+55.5%), from €5,457 to €8,485
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.
Derived cash bridge
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 | €483,355 | €551,640 | +€68,285 | +14.1% |
| Fixed assets | 21/28 | €464,808 | €485,819 | +€21,010 | +4.5% |
| Tangible fixed assets | 22/27 | €243,371 | €242,610 | -€761 | -0.3% |
| Land and buildings | 22 | €234,697 | €229,209 | -€5,488 | -2.3% |
| Furniture and vehicles | 24 | €8,674 | €10,916 | +€2,242 | +25.8% |
| Other tangible fixed assets | 26 | - | €2,485 | +€2,485 | |
| Financial fixed assets | 28 | €221,438 | €243,209 | +€21,771 | +9.8% |
| Current assets | 29/58 | €18,547 | €65,821 | +€47,275 | +255% |
| Amounts receivable within one year | 40/41 | €17,744 | €14,664 | -€3,080 | -17.4% |
| Trade receivables | 40 | €17,374 | €14,664 | -€2,710 | -15.6% |
| Other amounts receivable | 41 | €370 | €0 | -€370 | -100% |
| Cash at bank and in hand | 54/58 | €802 | €51,157 | +€50,355 | +6,278% |
| Total equity and liabilities | 10/49 | €483,355 | €551,640 | +€68,285 | +14.1% |
| Equity | 10/15 | €67,645 | €103,388 | +€35,742 | +52.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €53,169 | €53,169 | = | 0.0% |
| Distributable reserves | 133 | €53,169 | €53,169 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,976 | €47,718 | +€35,742 | +298% |
| Amounts payable | 17/49 | €415,710 | €448,252 | +€32,543 | +7.8% |
| Amounts payable after more than one year | 17 | €264,326 | €296,783 | +€32,456 | +12.3% |
| Financial debts | 170/4 | €264,326 | €296,783 | +€32,456 | +12.3% |
| Amounts payable within one year | 42/48 | €151,383 | €151,470 | +€87 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €26,337 | €27,544 | +€1,206 | +4.6% |
| Financial debts | 43 | - | €1,028 | +€1,028 | |
| Credit institutions | 430/8 | - | €1,028 | +€1,028 | |
| Trade debts | 44 | €22,300 | €1,688 | -€20,612 | -92.4% |
| Suppliers | 440/4 | €22,300 | €1,688 | -€20,612 | -92.4% |
| Advances received on contracts in progress | 46 | - | €53,500 | +€53,500 | |
| Taxes, remuneration and social security | 45 | €43,185 | €30,933 | -€12,252 | -28.4% |
| Taxes | 450/3 | €43,185 | €30,933 | -€12,252 | -28.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €59,561 | €36,777 | -€22,784 | -38.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,457 | €8,485 | +€3,027 | +55.5% |
| Other operating charges | 640/8 | €10,617 | €2,669 | -€7,948 | -74.9% |
| Gross operating margin | 9900 | €139,853 | €111,247 | -€28,606 | -20.5% |
| Operating profit (loss) | 9901 | €123,778 | €100,093 | -€23,685 | -19.1% |
| Financial income | 75/76B | €0 | €26 | +€26 | +128,200% |
| Recurring financial income | 75 | €0 | €26 | +€26 | +128,200% |
| Financial charges | 65/66B | €11,008 | €14,680 | +€3,671 | +33.4% |
| Recurring financial charges | 65 | €11,008 | €14,680 | +€3,671 | +33.4% |
| Profit (loss) for the period before taxes | 9903 | €112,770 | €85,439 | -€27,331 | -24.2% |
| Income taxes | 67/77 | €24,134 | €22,868 | -€1,266 | -5.2% |
| Profit (loss) for the period | 9904 | €88,636 | €62,571 | -€26,065 | -29.4% |
| Profit (loss) for the period to be appropriated | 9905 | €88,636 | €62,571 | -€26,065 | -29.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.