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
- Current investments +€76,736
up €76,736 (+23.2%), from €330,235 to €406,971
- Cash -€48,894
down €48,894 (-37.3%), from €131,067 to €82,173
mainly Current investments (-€76,736) and Contributions, distributions and other (-€49,838)
- Tangible fixed assets +€16,228
up €16,228 (+339.8%), from €4,776 to €21,004
of which Other tangible fixed assets: +€17,631
- Other debts +€49,819
up €49,819 (+262759.8%), from €19 to €49,838
- Reserves -€9,958
down €9,958 (-2.1%), from €485,354 to €475,396
- Financial income +€29,774
up €29,774 (+1190.8%), from €2,500 to €32,274
of which Financial income: +€20,249
- Taxes +€10,453
up €10,453 (+99.9%), from €10,468 to €20,921
- Financial charges +€2,369
up €2,369 (+122.2%), from €1,938 to €4,307
- Depreciation +€1,952
up €1,952 (+77.0%), from €2,537 to €4,489
- Gross operating margin +€794
up €794 (+2.1%), from €37,236 to €38,030
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 | €515,942 | €555,786 | +€39,844 | +7.7% |
| Fixed assets | 21/28 | €4,776 | €21,004 | +€16,228 | +339.8% |
| Tangible fixed assets | 22/27 | €4,776 | €21,004 | +€16,228 | +339.8% |
| Plant, machinery and equipment | 23 | €1,404 | €0 | -€1,404 | -100.0% |
| Other tangible fixed assets | 26 | €3,372 | €21,004 | +€17,631 | +522.8% |
| Current assets | 29/58 | €511,166 | €534,783 | +€23,617 | +4.6% |
| Amounts receivable within one year | 40/41 | €49,864 | €45,639 | -€4,225 | -8.5% |
| Trade receivables | 40 | €47,587 | €45,639 | -€1,948 | -4.1% |
| Other amounts receivable | 41 | €2,278 | €0 | -€2,278 | -100.0% |
| Current investments | 50/53 | €330,235 | €406,971 | +€76,736 | +23.2% |
| Cash at bank and in hand | 54/58 | €131,067 | €82,173 | -€48,894 | -37.3% |
| Total equity and liabilities | 10/49 | €515,942 | €555,786 | +€39,844 | +7.7% |
| Equity | 10/15 | €503,954 | €493,996 | -€9,958 | -2.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €485,354 | €475,396 | -€9,958 | -2.1% |
| Distributable reserves | 133 | €485,354 | €475,396 | -€9,958 | -2.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €11,988 | €61,790 | +€49,802 | +415.4% |
| Amounts payable within one year | 42/48 | €11,988 | €61,790 | +€49,802 | +415.4% |
| Trade debts | 44 | €4,660 | €1,304 | -€3,356 | -72.0% |
| Suppliers | 440/4 | €4,660 | €1,304 | -€3,356 | -72.0% |
| Taxes, remuneration and social security | 45 | €7,309 | €10,648 | +€3,339 | +45.7% |
| Taxes | 450/3 | €7,309 | €10,648 | +€3,339 | +45.7% |
| Other amounts payable | 47/48 | €19 | €49,838 | +€49,819 | +262759.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,537 | €4,489 | +€1,952 | +77.0% |
| Other operating charges | 640/8 | €707 | €707 | -€0 | 0.0% |
| Gross operating margin | 9900 | €37,236 | €38,030 | +€794 | +2.1% |
| Operating profit (loss) | 9901 | €33,992 | €32,835 | -€1,158 | -3.4% |
| Financial income | 75/76B | €2,500 | €32,274 | +€29,774 | +1190.8% |
| Recurring financial income | 75 | €2,500 | €22,749 | +€20,249 | +809.8% |
| Non-recurring financial income | 76B | - | €9,525 | +€9,525 | |
| Financial charges | 65/66B | €1,938 | €4,307 | +€2,369 | +122.2% |
| Recurring financial charges | 65 | €1,938 | €4,307 | +€2,369 | +122.2% |
| Profit (loss) for the period before taxes | 9903 | €34,554 | €60,802 | +€26,247 | +76.0% |
| Income taxes | 67/77 | €10,468 | €20,921 | +€10,453 | +99.9% |
| Profit (loss) for the period | 9904 | €24,086 | €39,880 | +€15,794 | +65.6% |
| Profit (loss) for the period to be appropriated | 9905 | €24,086 | €39,880 | +€15,794 | +65.6% |
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 8 October 2026 via checked.be.