VRODES: 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.
VRODES
Largest movements
- Receivables within one year -€9,284
down €9,284 (-30.7%), from €30,289 to €21,005
of which Trade receivables: -€7,050
- Intangible fixed assets -€4,000
down €4,000 (-50.0%), from €8,000 to €4,000
- Stocks and contracts +€1,840
up €1,840 (+5.6%), from €32,740 to €34,580
- Cash -€1,538
down €1,538 (-9.5%), from €16,140 to €14,602
mainly Other debts (-€23,785) and Tax, wage and social debts (-€8,205)
- Tangible fixed assets +€965
up €965 (+23.6%), from €4,088 to €5,052
of which Furniture and vehicles: +€1,782
- Other debts -€23,785
down €23,785 (-10.9%), from €218,513 to €194,728
- Tax, wage and social debts -€8,205
down €8,205 (-25.4%), from €32,261 to €24,056
of which Taxes: -€8,893
- Trade debts +€8,044
up €8,044 (+8.0%), from €100,485 to €108,528
- Current portion of long-term debt +€8,000
up €8,000 (+66.9%), from €11,950 to €19,950
- Profit (loss) carried forward +€2,719
up €2,719 (+0.9%), from -€290,231 to -€287,512
- Gross operating margin -€19,614
down €19,614 (-22.1%), from €88,706 to €69,092
- Staff costs +€7,063
up €7,063 (+15.1%), from €46,675 to €53,738
- Other operating charges -€3,064
down €3,064 (-50.4%), from €6,083 to €3,019
- Financial charges +€1,051
up €1,051 (+30.5%), from €3,440 to €4,490
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 | €91,577 | €79,567 | -€12,011 | -13.1% |
| Fixed assets | 21/28 | €12,088 | €9,052 | -€3,035 | -25.1% |
| Intangible fixed assets | 21 | €8,000 | €4,000 | -€4,000 | -50.0% |
| Tangible fixed assets | 22/27 | €4,088 | €5,052 | +€965 | +23.6% |
| Furniture and vehicles | 24 | - | €1,782 | +€1,782 | |
| Other tangible fixed assets | 26 | €4,088 | €3,270 | -€818 | -20.0% |
| Current assets | 29/58 | €79,489 | €70,514 | -€8,975 | -11.3% |
| Stocks and contracts in progress | 3 | €32,740 | €34,580 | +€1,840 | +5.6% |
| Stocks | 30/36 | €32,740 | €34,580 | +€1,840 | +5.6% |
| Amounts receivable within one year | 40/41 | €30,289 | €21,005 | -€9,284 | -30.7% |
| Trade receivables | 40 | €7,664 | €614 | -€7,050 | -92.0% |
| Other amounts receivable | 41 | €22,625 | €20,392 | -€2,234 | -9.9% |
| Cash at bank and in hand | 54/58 | €16,140 | €14,602 | -€1,538 | -9.5% |
| Deferred charges and accrued income | 490/1 | €320 | €326 | +€7 | +2.1% |
| Total equity and liabilities | 10/49 | €91,577 | €79,567 | -€12,011 | -13.1% |
| Equity | 10/15 | -€271,631 | -€268,912 | +€2,719 | +1.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€290,231 | -€287,512 | +€2,719 | +0.9% |
| Amounts payable | 17/49 | €363,209 | €348,479 | -€14,730 | -4.1% |
| Amounts payable within one year | 42/48 | €363,209 | €348,479 | -€14,730 | -4.1% |
| Current portion of amounts payable after more than one year | 42 | €11,950 | €19,950 | +€8,000 | +66.9% |
| Financial debts | 43 | - | €1,217 | +€1,217 | |
| Credit institutions | 430/8 | - | €1,217 | +€1,217 | |
| Trade debts | 44 | €100,485 | €108,528 | +€8,044 | +8.0% |
| Suppliers | 440/4 | €100,485 | €108,528 | +€8,044 | +8.0% |
| Taxes, remuneration and social security | 45 | €32,261 | €24,056 | -€8,205 | -25.4% |
| Taxes | 450/3 | €29,861 | €20,968 | -€8,893 | -29.8% |
| Remuneration and social security | 454/9 | €2,400 | €3,088 | +€688 | +28.7% |
| Other amounts payable | 47/48 | €218,513 | €194,728 | -€23,785 | -10.9% |
| Remuneration, social security and pensions | 62 | €46,675 | €53,738 | +€7,063 | +15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,818 | €5,034 | +€217 | +4.5% |
| Other operating charges | 640/8 | €6,083 | €3,019 | -€3,064 | -50.4% |
| Gross operating margin | 9900 | €88,706 | €69,092 | -€19,614 | -22.1% |
| Operating profit (loss) | 9901 | €31,130 | €7,300 | -€23,830 | -76.5% |
| Financial income | 75/76B | €14 | €50 | +€36 | +261% |
| Recurring financial income | 75 | €14 | €50 | +€36 | +261% |
| Financial charges | 65/66B | €3,440 | €4,490 | +€1,051 | +30.5% |
| Recurring financial charges | 65 | €3,440 | €4,490 | +€1,051 | +30.5% |
| Profit (loss) for the period before taxes | 9903 | €27,704 | €2,860 | -€24,844 | -89.7% |
| Income taxes | 67/77 | €128 | €140 | +€12 | +9.7% |
| Profit (loss) for the period | 9904 | €27,576 | €2,719 | -€24,857 | -90.1% |
| Profit (loss) for the period to be appropriated | 9905 | €27,576 | €2,719 | -€24,857 | -90.1% |
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 24 October 2026 via checked.be.