VYRECUP: 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.
VYRECUP
Largest movements
- Tangible fixed assets -€74,877
down €74,877 (-10.6%), from €707,730 to €632,853
of which Leasing and similar rights: -€42,314
- Stocks and contracts +€50,000
up €50,000 (+1,000%), from €5,000 to €55,000
- Receivables within one year -€48,961
down €48,961 (-7.8%), from €628,290 to €579,329
of which Other amounts receivable: -€49,410
- Cash +€22,949
up €22,949 (+43.3%), from €53,038 to €75,987
mainly Depreciation (+€75,966) and Net result for the year (+€54,118)
- Advances received -€125,517
down €125,517 (-100%), from €125,517 to €0
- Reserves +€60,416
up €60,416 (+29.2%), from €206,580 to €266,995
- Trade debts +€41,930
up €41,930 (+29.9%), from €140,074 to €182,004
- Debts after one year -€36,486
down €36,486 (-20.0%), from €182,039 to €145,553
- Tax, wage and social debts +€20,724
up €20,724 (+483%), from €4,286 to €25,010
of which Taxes: +€24,815
- Gross operating margin +€80,335
up €80,335 (+29.3%), from €273,794 to €354,129
- Staff costs +€51,420
up €51,420 (+42.8%), from €120,103 to €171,523
- Other operating charges -€12,692
down €12,692 (-81.8%), from €15,518 to €2,826
- Taxes +€9,625
up €9,625 (+27.7%), from €34,809 to €44,434
- Depreciation -€6,208
down €6,208 (-7.6%), from €82,174 to €75,966
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 | €1,405,369 | €1,352,317 | -€53,052 | -3.8% |
| Fixed assets | 21/28 | €707,730 | €632,853 | -€74,877 | -10.6% |
| Tangible fixed assets | 22/27 | €707,730 | €632,853 | -€74,877 | -10.6% |
| Land and buildings | 22 | €445,115 | €423,268 | -€21,848 | -4.9% |
| Plant, machinery and equipment | 23 | €28,396 | €23,485 | -€4,911 | -17.3% |
| Furniture and vehicles | 24 | €16,398 | €10,594 | -€5,804 | -35.4% |
| Leasing and similar rights | 25 | €217,820 | €175,506 | -€42,314 | -19.4% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €697,639 | €719,463 | +€21,825 | +3.1% |
| Stocks and contracts in progress | 3 | €5,000 | €55,000 | +€50,000 | +1,000% |
| Stocks | 30/36 | €5,000 | €55,000 | +€50,000 | +1,000% |
| Amounts receivable within one year | 40/41 | €628,290 | €579,329 | -€48,961 | -7.8% |
| Trade receivables | 40 | €347,861 | €348,310 | +€449 | +0.1% |
| Other amounts receivable | 41 | €280,429 | €231,019 | -€49,410 | -17.6% |
| Cash at bank and in hand | 54/58 | €53,038 | €75,987 | +€22,949 | +43.3% |
| Deferred charges and accrued income | 490/1 | €11,311 | €9,148 | -€2,163 | -19.1% |
| Total equity and liabilities | 10/49 | €1,405,369 | €1,352,317 | -€53,052 | -3.8% |
| Equity | 10/15 | €789,146 | €843,264 | +€54,118 | +6.9% |
| Contributions | 10/11 | €532,185 | €532,185 | = | 0.0% |
| Revaluation surpluses | 12 | €50,382 | €44,084 | -€6,298 | -12.5% |
| Reserves | 13 | €206,580 | €266,995 | +€60,416 | +29.2% |
| Distributable reserves | 133 | €206,580 | €266,995 | +€60,416 | +29.2% |
| Amounts payable | 17/49 | €616,223 | €509,053 | -€107,170 | -17.4% |
| Amounts payable after more than one year | 17 | €182,039 | €145,553 | -€36,486 | -20.0% |
| Financial debts | 170/4 | €182,039 | €145,553 | -€36,486 | -20.0% |
| Amounts payable within one year | 42/48 | €434,184 | €363,499 | -€70,685 | -16.3% |
| Current portion of amounts payable after more than one year | 42 | €39,307 | €36,486 | -€2,821 | -7.2% |
| Financial debts | 43 | €125,000 | €120,000 | -€5,000 | -4.0% |
| Credit institutions | 430/8 | €125,000 | €120,000 | -€5,000 | -4.0% |
| Trade debts | 44 | €140,074 | €182,004 | +€41,930 | +29.9% |
| Suppliers | 440/4 | €140,074 | €182,004 | +€41,930 | +29.9% |
| Advances received on contracts in progress | 46 | €125,517 | €0 | -€125,517 | -100% |
| Taxes, remuneration and social security | 45 | €4,286 | €25,010 | +€20,724 | +483% |
| Taxes | 450/3 | €195 | €25,010 | +€24,815 | +12,739% |
| Remuneration and social security | 454/9 | €4,091 | €0 | -€4,091 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €29,550 | +€29,550 | |
| Remuneration, social security and pensions | 62 | €120,103 | €171,523 | +€51,420 | +42.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,174 | €75,966 | -€6,208 | -7.6% |
| Other operating charges | 640/8 | €15,518 | €2,826 | -€12,692 | -81.8% |
| Gross operating margin | 9900 | €273,794 | €354,129 | +€80,335 | +29.3% |
| Operating profit (loss) | 9901 | €55,998 | €103,813 | +€47,816 | +85.4% |
| Financial income | 75/76B | €11,498 | €11,598 | +€99 | +0.9% |
| Recurring financial income | 75 | €11,498 | €11,598 | +€99 | +0.9% |
| Financial charges | 65/66B | €18,031 | €16,859 | -€1,172 | -6.5% |
| Recurring financial charges | 65 | €18,031 | €16,859 | -€1,172 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | €49,466 | €98,552 | +€49,087 | +99.2% |
| Income taxes | 67/77 | €34,809 | €44,434 | +€9,625 | +27.7% |
| Profit (loss) for the period | 9904 | €14,657 | €54,118 | +€39,461 | +269% |
| Profit (loss) for the period to be appropriated | 9905 | €14,657 | €54,118 | +€39,461 | +269% |
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 14 October 2026 via checked.be.