VXR Ventures: 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.
VXR Ventures
Largest movements
- Receivables within one year +€95,897
up €95,897 (+190.0%), from €50,460 to €146,357
of which Trade receivables: +€80,315
- Other debts +€127,749
up €127,749 (+14838.1%), from €861 to €128,610
- Trade debts -€25,419
down €25,419 (-78.9%), from €32,219 to €6,800
- Profit (loss) carried forward -€6,371
new in 2025: -€6,371
- Gross operating margin -€8,691
down €8,691, from €3,199 to -€5,492
- Write-downs -€1,153
down €1,153 (-100.0%), from €1,153 to €0
- Financial charges -€496
down €496 (-79.1%), from €627 to €131
- Taxes -€387
down €387 (-100.0%), from €387 to €0
- Other operating charges +€154
up €154 (+28.6%), from €539 to €694
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 | €51,002 | €146,573 | +€95,572 | +187.4% |
| Fixed assets | 21/28 | €55 | €0 | -€55 | -100.0% |
| Tangible fixed assets | 22/27 | €55 | €0 | -€55 | -100.0% |
| Plant, machinery and equipment | 23 | €55 | €0 | -€55 | -100.0% |
| Current assets | 29/58 | €50,947 | €146,573 | +€95,626 | +187.7% |
| Amounts receivable within one year | 40/41 | €50,460 | €146,357 | +€95,897 | +190.0% |
| Trade receivables | 40 | €47,563 | €127,878 | +€80,315 | +168.9% |
| Other amounts receivable | 41 | €2,896 | €18,479 | +€15,582 | +538.0% |
| Cash at bank and in hand | 54/58 | €488 | €35 | -€453 | -92.9% |
| Deferred charges and accrued income | 490/1 | - | €182 | +€182 | |
| Total equity and liabilities | 10/49 | €51,002 | €146,573 | +€95,572 | +187.4% |
| Equity | 10/15 | €17,535 | €11,164 | -€6,371 | -36.3% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €2,535 | €2,535 | = | 0.0% |
| Distributable reserves | 133 | €2,535 | €2,535 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€6,371 | -€6,371 | |
| Amounts payable | 17/49 | €33,467 | €135,410 | +€101,942 | +304.6% |
| Amounts payable within one year | 42/48 | €33,467 | €135,410 | +€101,942 | +304.6% |
| Trade debts | 44 | €32,219 | €6,800 | -€25,419 | -78.9% |
| Suppliers | 440/4 | €32,219 | €6,800 | -€25,419 | -78.9% |
| Taxes, remuneration and social security | 45 | €387 | €0 | -€387 | -100.0% |
| Taxes | 450/3 | €387 | €0 | -€387 | -100.0% |
| Other amounts payable | 47/48 | €861 | €128,610 | +€127,749 | +14838.1% |
| Remuneration, social security and pensions | 62 | €47 | €0 | -€47 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €110 | €55 | -€55 | -50.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,153 | €0 | -€1,153 | -100.0% |
| Other operating charges | 640/8 | €539 | €694 | +€154 | +28.6% |
| Gross operating margin | 9900 | €3,199 | -€5,492 | -€8,691 | |
| Operating profit (loss) | 9901 | €1,350 | -€6,240 | -€7,590 | |
| Financial charges | 65/66B | €627 | €131 | -€496 | -79.1% |
| Recurring financial charges | 65 | €627 | €131 | -€496 | -79.1% |
| Profit (loss) for the period before taxes | 9903 | €723 | -€6,371 | -€7,094 | |
| Income taxes | 67/77 | €387 | €0 | -€387 | -100.0% |
| Profit (loss) for the period | 9904 | €336 | -€6,371 | -€6,707 | |
| Profit (loss) for the period to be appropriated | 9905 | €336 | -€6,371 | -€6,707 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.