V.Design: what changed
Two fiscal 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.Design
Largest movements
- Receivables within one year +€39,573
new in 2025: €39,573
of which Trade receivables: +€36,446
- Receivables after one year -€32,317
no longer reported in 2025 (was €32,317)
of which Trade receivables: -€31,670
- Tangible fixed assets +€9,628
up €9,628 (+23.5%), from €40,965 to €50,593
of which Plant, machinery and equipment: +€8,775
- Cash +€3,754
up €3,754 (+11.9%), from €31,639 to €35,393
mainly Net result for the year (+€32,609) and Receivables after one year (+€32,317)
- Profit (loss) carried forward +€32,609
up €32,609 (+48.9%), from €66,683 to €99,292
- Tax, wage and social debts -€6,480
down €6,480 (-26.3%), from €24,643 to €18,163
- Other debts -€5,976
no longer reported in 2025 (was €5,976)
- Gross operating margin +€10,986
up €10,986 (+22.9%), from €48,045 to €59,031
- Depreciation +€3,216
up €3,216 (+41.1%), from €7,831 to €11,047
- Taxes +€2,169
up €2,169 (+18.6%), from €11,683 to €13,852
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 | €105,274 | €125,558 | +€20,284 | +19.3% |
| Formation expenses | 20 | €352 | - | -€352 | |
| Fixed assets | 21/28 | €40,965 | €50,593 | +€9,628 | +23.5% |
| Tangible fixed assets | 22/27 | €40,965 | €50,593 | +€9,628 | +23.5% |
| Land and buildings | 22 | €10,578 | €19,096 | +€8,518 | +80.5% |
| Plant, machinery and equipment | 23 | €396 | €9,171 | +€8,775 | +2214.4% |
| Furniture and vehicles | 24 | €29,991 | €22,325 | -€7,665 | -25.6% |
| Current assets | 29/58 | €63,956 | €74,965 | +€11,009 | +17.2% |
| Amounts receivable after more than one year | 29 | €32,317 | - | -€32,317 | |
| Trade receivables | 290 | €31,670 | - | -€31,670 | |
| Other amounts receivable | 291 | €647 | - | -€647 | |
| Amounts receivable within one year | 40/41 | - | €39,573 | +€39,573 | |
| Trade receivables | 40 | - | €36,446 | +€36,446 | |
| Other amounts receivable | 41 | - | €3,127 | +€3,127 | |
| Cash at bank and in hand | 54/58 | €31,639 | €35,393 | +€3,754 | +11.9% |
| Total equity and liabilities | 10/49 | €105,274 | €125,558 | +€20,284 | +19.3% |
| Equity | 10/15 | €68,183 | €100,792 | +€32,609 | +47.8% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €66,683 | €99,292 | +€32,609 | +48.9% |
| Amounts payable | 17/49 | €37,091 | €24,766 | -€12,325 | -33.2% |
| Amounts payable within one year | 42/48 | €37,091 | €24,766 | -€12,325 | -33.2% |
| Trade debts | 44 | €6,472 | €6,603 | +€131 | +2.0% |
| Suppliers | 440/4 | €6,472 | €6,603 | +€131 | +2.0% |
| Taxes, remuneration and social security | 45 | €24,643 | €18,163 | -€6,480 | -26.3% |
| Taxes | 450/3 | €24,643 | €18,163 | -€6,480 | -26.3% |
| Other amounts payable | 47/48 | €5,976 | - | -€5,976 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,831 | €11,047 | +€3,216 | +41.1% |
| Other operating charges | 640/8 | €1,308 | €1,486 | +€178 | +13.6% |
| Gross operating margin | 9900 | €48,045 | €59,031 | +€10,986 | +22.9% |
| Operating profit (loss) | 9901 | €38,906 | €46,498 | +€7,592 | +19.5% |
| Financial income | 75/76B | €506 | €46 | -€461 | -91.0% |
| Recurring financial income | 75 | €506 | €46 | -€461 | -91.0% |
| Financial charges | 65/66B | €80 | €83 | +€3 | +3.9% |
| Recurring financial charges | 65 | €80 | €83 | +€3 | +3.9% |
| Profit (loss) for the period before taxes | 9903 | €39,332 | €46,461 | +€7,129 | +18.1% |
| Income taxes | 67/77 | €11,683 | €13,852 | +€2,169 | +18.6% |
| Profit (loss) for the period | 9904 | €27,649 | €32,609 | +€4,960 | +17.9% |
| Profit (loss) for the period to be appropriated | 9905 | €27,649 | €32,609 | +€4,960 | +17.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.