V.I.P. SRL: what changed
What changed
V.I.P. SRL
NACE 46.150, Agents in the wholesale of furniture, household goods and hardware
filed annual accounts (NBB)
Net result for the year
-€24,628
2024 · €90,151-€114,779
Equity
€1.3m
2024 · €1.5m-€126,835
Cash
€178,538
2024 · €113,929+€64,608
Balance sheet total
€4.5m
2024 · €5.0m-€459,974
Largest movements
Assets
- Receivables within one year -€226,918
down €226,918 (-34.3%), from €660,774 to €433,856
of which Trade receivables: -€214,739
- Tangible fixed assets -€208,045
down €208,045 (-11.2%), from €1.9m to €1.7m
- Stocks and contracts -€75,783
down €75,783 (-3.4%), from €2.2m to €2.1m
- Cash +€64,608
up €64,608 (+56.7%), from €113,929 to €178,538
mainly Depreciation (+€240,765) and Receivables within one year (+€226,918)
Equity and liabilities
- Short-term financial debts -€225,000
down €225,000 (-52.9%), from €425,000 to €200,000
- Debts after one year -€194,284
down €194,284 (-16.3%), from €1.2m to €998,235
- Reserves -€124,628
down €124,628 (-8.8%), from €1.4m to €1.3m
of which Distributable reserves: -€124,628
- Trade debts +€116,766
up €116,766 (+8.8%), from €1.3m to €1.4m
Income statement
- Gross operating margin -€218,181
down €218,181 (-11.5%), from €1.9m to €1.7m
- Write-downs +€159,180
up €159,180, from -€143,371 to €15,809
- Staff costs -€73,643
down €73,643 (-5.6%), from €1.3m to €1.2m
- Taxes -€40,478
down €40,478 (-49.1%), from €82,371 to €41,893
- Provisions +€19,572
no longer reported in 2025 (was -€19,572)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€90,151
Gross operating margin
-€218,181
Staff costs
+€73,643
Depreciation
-€16,930
Write-downs
-€159,180
Provisions
-€19,572
Other operating charges
+€535
Other operating items
+€173,642
Financial income
+€2,556
Financial charges
+€7,303
Taxes
+€40,478
Deferred taxes and other
+€927
Result 2025
-€24,628
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€621,932
Investment
-€20,670
Financing
-€536,654
Cash 2024
€113,929
From operations (derived)
+€621,932
Net result for the year
-€24,628
Depreciation
+€240,765
Stocks and contracts
+€75,783
Receivables within one year
+€226,918
Deferred charges and accrued income
+€1,787
Provisions
-€927
Trade debts
+€116,766
Tax, wage and social debts
-€14,538
Accrued charges and deferred income
+€6
Investment (derived)
-€20,670
Investment in fixed assets (net)
-€20,670
Financing
-€536,654
Debts after one year
-€194,284
Current portion of long-term debt
-€15,163
Short-term financial debts
-€225,000
Contributions, distributions and other
-€102,208
Cash 2025
€178,538
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,954,455 | €4,494,480 | -€459,974 | -9.3% |
| Fixed assets | 21/28 | €1,950,269 | €1,730,174 | -€220,095 | -11.3% |
| Intangible fixed assets | 21 | €54,422 | €43,982 | -€10,440 | -19.2% |
| Tangible fixed assets | 22/27 | €1,861,680 | €1,653,635 | -€208,045 | -11.2% |
| Land and buildings | 22 | €1,474,274 | €1,386,784 | -€87,490 | -5.9% |
| Plant, machinery and equipment | 23 | €131,733 | €96,887 | -€34,846 | -26.5% |
| Furniture and vehicles | 24 | €255,673 | €169,964 | -€85,709 | -33.5% |
| Financial fixed assets | 28 | €34,167 | €32,557 | -€1,609 | -4.7% |
| Current assets | 29/58 | €3,004,186 | €2,764,307 | -€239,879 | -8.0% |
| Stocks and contracts in progress | 3 | €2,216,796 | €2,141,014 | -€75,783 | -3.4% |
| Stocks | 30/36 | €2,216,796 | €2,141,014 | -€75,783 | -3.4% |
| Amounts receivable within one year | 40/41 | €660,774 | €433,856 | -€226,918 | -34.3% |
| Trade receivables | 40 | €555,858 | €341,120 | -€214,739 | -38.6% |
| Other amounts receivable | 41 | €104,915 | €92,736 | -€12,179 | -11.6% |
| Cash at bank and in hand | 54/58 | €113,929 | €178,538 | +€64,608 | +56.7% |
| Deferred charges and accrued income | 490/1 | €12,686 | €10,899 | -€1,787 | -14.1% |
| Total equity and liabilities | 10/49 | €4,954,455 | €4,494,480 | -€459,974 | -9.3% |
| Equity | 10/15 | €1,463,293 | €1,336,457 | -€126,835 | -8.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,413,786 | €1,289,158 | -€124,628 | -8.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €71,570 | €71,570 | = | 0.0% |
| Distributable reserves | 133 | €1,340,356 | €1,215,728 | -€124,628 | -9.3% |
| Investment grants | 15 | €30,907 | €28,700 | -€2,208 | -7.1% |
| Provisions and deferred taxes | 16 | €12,983 | €12,055 | -€927 | -7.1% |
| Deferred taxes | 168 | €12,983 | €12,055 | -€927 | -7.1% |
| Amounts payable | 17/49 | €3,478,179 | €3,145,967 | -€332,212 | -9.6% |
| Amounts payable after more than one year | 17 | €1,192,519 | €998,235 | -€194,284 | -16.3% |
| Financial debts | 170/4 | €1,192,519 | €998,235 | -€194,284 | -16.3% |
| Amounts payable within one year | 42/48 | €2,285,643 | €2,147,708 | -€137,935 | -6.0% |
| Current portion of amounts payable after more than one year | 42 | €213,893 | €198,730 | -€15,163 | -7.1% |
| Financial debts | 43 | €425,000 | €200,000 | -€225,000 | -52.9% |
| Credit institutions | 430/8 | €425,000 | €200,000 | -€225,000 | -52.9% |
| Trade debts | 44 | €1,323,905 | €1,440,671 | +€116,766 | +8.8% |
| Suppliers | 440/4 | €1,323,905 | €1,440,671 | +€116,766 | +8.8% |
| Taxes, remuneration and social security | 45 | €192,098 | €177,560 | -€14,538 | -7.6% |
| Taxes | 450/3 | €59,802 | €42,215 | -€17,587 | -29.4% |
| Remuneration and social security | 454/9 | €132,297 | €135,346 | +€3,049 | +2.3% |
| Other amounts payable | 47/48 | €130,746 | €130,746 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €18 | €24 | +€6 | +36.3% |
| Remuneration, social security and pensions | 62 | €1,310,004 | €1,236,361 | -€73,643 | -5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €223,835 | €240,765 | +€16,930 | +7.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€143,371 | €15,809 | +€159,180 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€19,572 | - | +€19,572 | |
| Other operating charges | 640/8 | €10,159 | €9,624 | -€535 | -5.3% |
| Non-recurring operating charges | 66A | €173,642 | - | -€173,642 | |
| Gross operating margin | 9900 | €1,891,520 | €1,673,338 | -€218,181 | -11.5% |
| Operating profit (loss) | 9901 | €336,822 | €170,779 | -€166,043 | -49.3% |
| Financial income | 75/76B | €17,537 | €20,093 | +€2,556 | +14.6% |
| Recurring financial income | 75 | €17,537 | €20,093 | +€2,556 | +14.6% |
| Financial charges | 65/66B | €181,837 | €174,534 | -€7,303 | -4.0% |
| Recurring financial charges | 65 | €181,827 | €174,473 | -€7,355 | -4.0% |
| Non-recurring financial charges | 66B | €10 | €61 | +€51 | +513% |
| Profit (loss) for the period before taxes | 9903 | €172,522 | €16,338 | -€156,184 | -90.5% |
| Transfer from deferred taxes | 780 | - | €927 | +€927 | |
| Income taxes | 67/77 | €82,371 | €41,893 | -€40,478 | -49.1% |
| Profit (loss) for the period | 9904 | €90,151 | -€24,628 | -€114,779 | |
| Transfer from tax-exempt reserves | 789 | €927 | - | -€927 | |
| Profit (loss) for the period to be appropriated | 9905 | €91,079 | -€24,628 | -€115,706 |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.