V.C.S.DESIGN: 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.
V.C.S.DESIGN
Largest movements
- Receivables within one year +€250,784
up €250,784 (+68.2%), from €367,842 to €618,626
of which Trade receivables: +€226,438
- Stocks and contracts -€55,090
down €55,090 (-22.9%), from €240,125 to €185,036
- Cash -€52,216
down €52,216 (-26.3%), from €198,687 to €146,472
mainly Receivables within one year (-€250,784) and Accrued charges and deferred income (-€45,932)
- Deferred charges and accrued income -€12,059
down €12,059 (-66.8%), from €18,057 to €5,998
- Trade debts +€133,438
up €133,438 (+20.6%), from €649,160 to €782,599
- Accrued charges and deferred income -€45,932
down €45,932 (-97.4%), from €47,170 to €1,238
- Profit (loss) carried forward +€32,504
up €32,504 (+20.9%), from -€155,853 to -€123,349
- Tax, wage and social debts +€15,204
up €15,204 (+37.5%), from €40,491 to €55,695
of which Taxes: +€16,978
- Debts after one year -€14,286
down €14,286 (-9.7%), from €147,337 to €133,052
- Gross operating margin +€135,934
up €135,934 (+28.0%), from €485,252 to €621,186
- Staff costs +€75,887
up €75,887 (+18.3%), from €414,803 to €490,691
- Other operating charges +€43,370
up €43,370 (+759%), from €5,712 to €49,082
- Taxes +€15,402
up €15,402 (+4,140%), from €372 to €15,775
- Financial income +€8,339
up €8,339 (+1,084%), from €770 to €9,109
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 | €934,158 | €1,054,744 | +€120,586 | +12.9% |
| Fixed assets | 21/28 | €109,446 | €98,613 | -€10,833 | -9.9% |
| Intangible fixed assets | 21 | €66,701 | €57,326 | -€9,375 | -14.1% |
| Tangible fixed assets | 22/27 | €42,595 | €41,137 | -€1,458 | -3.4% |
| Plant, machinery and equipment | 23 | €19,459 | €14,659 | -€4,800 | -24.7% |
| Furniture and vehicles | 24 | €23,136 | €26,478 | +€3,342 | +14.4% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €824,712 | €956,131 | +€131,419 | +15.9% |
| Stocks and contracts in progress | 3 | €240,125 | €185,036 | -€55,090 | -22.9% |
| Stocks | 30/36 | €240,125 | €185,036 | -€55,090 | -22.9% |
| Amounts receivable within one year | 40/41 | €367,842 | €618,626 | +€250,784 | +68.2% |
| Trade receivables | 40 | €367,842 | €594,280 | +€226,438 | +61.6% |
| Other amounts receivable | 41 | - | €24,346 | +€24,346 | |
| Cash at bank and in hand | 54/58 | €198,687 | €146,472 | -€52,216 | -26.3% |
| Deferred charges and accrued income | 490/1 | €18,057 | €5,998 | -€12,059 | -66.8% |
| Total equity and liabilities | 10/49 | €934,158 | €1,054,744 | +€120,586 | +12.9% |
| Equity | 10/15 | -€137,253 | -€104,749 | +€32,504 | +23.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€155,853 | -€123,349 | +€32,504 | +20.9% |
| Amounts payable | 17/49 | €1,071,411 | €1,159,494 | +€88,082 | +8.2% |
| Amounts payable after more than one year | 17 | €147,337 | €133,052 | -€14,286 | -9.7% |
| Financial debts | 170/4 | €147,337 | €133,052 | -€14,286 | -9.7% |
| Amounts payable within one year | 42/48 | €876,904 | €1,025,204 | +€148,300 | +16.9% |
| Current portion of amounts payable after more than one year | 42 | €33,578 | €29,743 | -€3,836 | -11.4% |
| Trade debts | 44 | €649,160 | €782,599 | +€133,438 | +20.6% |
| Suppliers | 440/4 | €649,160 | €782,599 | +€133,438 | +20.6% |
| Advances received on contracts in progress | 46 | €700 | - | -€700 | |
| Taxes, remuneration and social security | 45 | €40,491 | €55,695 | +€15,204 | +37.5% |
| Taxes | 450/3 | €3,523 | €20,501 | +€16,978 | +482% |
| Remuneration and social security | 454/9 | €36,968 | €35,193 | -€1,774 | -4.8% |
| Other amounts payable | 47/48 | €152,974 | €157,168 | +€4,194 | +2.7% |
| Accrued charges and deferred income | 492/3 | €47,170 | €1,238 | -€45,932 | -97.4% |
| Remuneration, social security and pensions | 62 | €414,803 | €490,691 | +€75,887 | +18.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,912 | €32,049 | -€1,863 | -5.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€650 | - | +€650 | |
| Other operating charges | 640/8 | €5,712 | €49,082 | +€43,370 | +759% |
| Non-recurring operating charges | 66A | €7,145 | €4,216 | -€2,929 | -41.0% |
| Gross operating margin | 9900 | €485,252 | €621,186 | +€135,934 | +28.0% |
| Operating profit (loss) | 9901 | €24,329 | €45,148 | +€20,818 | +85.6% |
| Financial income | 75/76B | €770 | €9,109 | +€8,339 | +1,084% |
| Recurring financial income | 75 | €770 | €9,109 | +€8,339 | +1,084% |
| Financial charges | 65/66B | €7,448 | €5,979 | -€1,469 | -19.7% |
| Recurring financial charges | 65 | €7,448 | €5,979 | -€1,469 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | €17,651 | €48,278 | +€30,627 | +174% |
| Income taxes | 67/77 | €372 | €15,775 | +€15,402 | +4,140% |
| Profit (loss) for the period | 9904 | €17,279 | €32,504 | +€15,225 | +88.1% |
| Profit (loss) for the period to be appropriated | 9905 | €17,279 | €32,504 | +€15,225 | +88.1% |
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 31 October 2026 via checked.be.