V & V - PARTNERS: 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 & V - PARTNERS
Largest movements
- Receivables within one year +€66,709
up €66,709 (+49.6%), from €134,448 to €201,157
of which Trade receivables: +€61,008
- Tangible fixed assets -€24,967
down €24,967 (-9.3%), from €267,178 to €242,211
of which Land and buildings: -€16,274
- Cash +€11,295
up €11,295 (+95.5%), from €11,828 to €23,123
mainly Trade debts (+€55,737) and Depreciation (+€25,996)
- Trade debts +€55,737
up €55,737 (+191%), from €29,220 to €84,956
- Reserves +€23,889
up €23,889 (+7.3%), from €327,719 to €351,608
of which Distributable reserves: +€23,889
- Current portion of long-term debt -€15,350
down €15,350 (-67.6%), from €22,719 to €7,369
- Short-term financial debts -€14,241
down €14,241 (-47.3%), from €30,137 to €15,897
- Tax, wage and social debts +€10,248
up €10,248 (+37.2%), from €27,524 to €37,772
- Gross operating margin +€47,588
up €47,588 (+205%), from €23,246 to €70,833
- Taxes +€10,317
up €10,317 (+288%), from €3,582 to €13,899
- Financial charges +€4,569
up €4,569 (+112%), from €4,068 to €8,637
- Depreciation +€2,651
up €2,651 (+11.4%), from €23,345 to €25,996
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €477,752 | €530,667 | +€52,914 | +11.1% |
| Fixed assets | 21/28 | €269,251 | €244,284 | -€24,967 | -9.3% |
| Tangible fixed assets | 22/27 | €267,178 | €242,211 | -€24,967 | -9.3% |
| Land and buildings | 22 | €235,197 | €218,923 | -€16,274 | -6.9% |
| Plant, machinery and equipment | 23 | €11,097 | €7,783 | -€3,314 | -29.9% |
| Furniture and vehicles | 24 | €20,884 | €15,505 | -€5,379 | -25.8% |
| Financial fixed assets | 28 | €2,073 | €2,073 | = | 0.0% |
| Current assets | 29/58 | €208,502 | €286,383 | +€77,881 | +37.4% |
| Amounts receivable after more than one year | 29 | €59,703 | €61,494 | +€1,791 | +3.0% |
| Other amounts receivable | 291 | €59,703 | €61,494 | +€1,791 | +3.0% |
| Amounts receivable within one year | 40/41 | €134,448 | €201,157 | +€66,709 | +49.6% |
| Trade receivables | 40 | €84,155 | €145,163 | +€61,008 | +72.5% |
| Other amounts receivable | 41 | €50,293 | €55,994 | +€5,701 | +11.3% |
| Cash at bank and in hand | 54/58 | €11,828 | €23,123 | +€11,295 | +95.5% |
| Deferred charges and accrued income | 490/1 | €2,524 | €610 | -€1,914 | -75.8% |
| Total equity and liabilities | 10/49 | €477,752 | €530,667 | +€52,914 | +11.1% |
| Equity | 10/15 | €346,311 | €370,200 | +€23,889 | +6.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €327,719 | €351,608 | +€23,889 | +7.3% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €308,969 | €332,858 | +€23,889 | +7.7% |
| Amounts payable | 17/49 | €131,442 | €160,466 | +€29,025 | +22.1% |
| Amounts payable after more than one year | 17 | €21,841 | €14,472 | -€7,369 | -33.7% |
| Financial debts | 170/4 | €21,841 | €14,472 | -€7,369 | -33.7% |
| Amounts payable within one year | 42/48 | €109,600 | €145,995 | +€36,394 | +33.2% |
| Current portion of amounts payable after more than one year | 42 | €22,719 | €7,369 | -€15,350 | -67.6% |
| Financial debts | 43 | €30,137 | €15,897 | -€14,241 | -47.3% |
| Credit institutions | 430/8 | €30,137 | €15,897 | -€14,241 | -47.3% |
| Trade debts | 44 | €29,220 | €84,956 | +€55,737 | +191% |
| Suppliers | 440/4 | €29,220 | €84,956 | +€55,737 | +191% |
| Taxes, remuneration and social security | 45 | €27,524 | €37,772 | +€10,248 | +37.2% |
| Taxes | 450/3 | €27,524 | €37,772 | +€10,248 | +37.2% |
| Non-recurring operating income | 76A | €4,134 | - | -€4,134 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,345 | €25,996 | +€2,651 | +11.4% |
| Other operating charges | 640/8 | €3,235 | €2,821 | -€413 | -12.8% |
| Gross operating margin | 9900 | €23,246 | €70,833 | +€47,588 | +205% |
| Operating profit (loss) | 9901 | -€3,334 | €42,016 | +€45,350 | |
| Financial income | 75/76B | €4,011 | €4,410 | +€399 | +9.9% |
| Recurring financial income | 75 | €4,011 | €4,410 | +€399 | +9.9% |
| Financial charges | 65/66B | €4,068 | €8,637 | +€4,569 | +112% |
| Recurring financial charges | 65 | €4,068 | €8,637 | +€4,569 | +112% |
| Profit (loss) for the period before taxes | 9903 | -€3,391 | €37,789 | +€41,179 | |
| Income taxes | 67/77 | €3,582 | €13,899 | +€10,317 | +288% |
| Profit (loss) for the period | 9904 | -€6,973 | €23,889 | +€30,862 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,973 | €23,889 | +€30,862 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.