V.V. PARTNERS & Co: 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 & Co
Largest movements
- Cash -€40,472
down €40,472 (-79.1%), from €51,174 to €10,702
mainly Net result for the year (-€28,362) and Stocks and contracts (-€23,397)
- Stocks and contracts +€23,397
up €23,397 (+14.7%), from €159,516 to €182,913
- Tangible fixed assets -€7,915
down €7,915 (-19.4%), from €40,807 to €32,892
of which Furniture and vehicles: -€6,737
- Receivables within one year -€7,473
down €7,473 (-12.3%), from €60,796 to €53,324
of which Trade receivables: -€13,485
- Deferred charges and accrued income +€3,348
up €3,348 (+171%), from €1,959 to €5,306
- Profit (loss) carried forward -€28,362
down €28,362 (-44.9%), from €63,162 to €34,800
- Gross operating margin -€53,052
down €53,052 (-83.5%), from €63,533 to €10,481
- Write-downs -€39,725
down €39,725 (-59.3%), from €66,935 to €27,210
- Depreciation +€2,921
up €2,921 (+58.5%), from €4,994 to €7,915
- Staff costs +€973
new in 2025: €973
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 | €317,256 | €288,141 | -€29,115 | -9.2% |
| Fixed assets | 21/28 | €43,811 | €35,896 | -€7,915 | -18.1% |
| Tangible fixed assets | 22/27 | €40,807 | €32,892 | -€7,915 | -19.4% |
| Plant, machinery and equipment | 23 | €572 | €137 | -€435 | -76.0% |
| Furniture and vehicles | 24 | €14,616 | €7,880 | -€6,737 | -46.1% |
| Other tangible fixed assets | 26 | €5,619 | €4,875 | -€744 | -13.2% |
| Assets under construction and advance payments | 27 | €20,000 | €20,000 | = | 0.0% |
| Financial fixed assets | 28 | €3,004 | €3,004 | = | 0.0% |
| Current assets | 29/58 | €273,445 | €252,245 | -€21,200 | -7.8% |
| Stocks and contracts in progress | 3 | €159,516 | €182,913 | +€23,397 | +14.7% |
| Stocks | 30/36 | €159,516 | €182,913 | +€23,397 | +14.7% |
| Amounts receivable within one year | 40/41 | €60,796 | €53,324 | -€7,473 | -12.3% |
| Trade receivables | 40 | €50,253 | €36,768 | -€13,485 | -26.8% |
| Other amounts receivable | 41 | €10,543 | €16,555 | +€6,012 | +57.0% |
| Cash at bank and in hand | 54/58 | €51,174 | €10,702 | -€40,472 | -79.1% |
| Deferred charges and accrued income | 490/1 | €1,959 | €5,306 | +€3,348 | +171% |
| Total equity and liabilities | 10/49 | €317,256 | €288,141 | -€29,115 | -9.2% |
| Equity | 10/15 | €190,482 | €162,120 | -€28,362 | -14.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €102,320 | €102,320 | = | 0.0% |
| Distributable reserves | 133 | €102,320 | €102,320 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,162 | €34,800 | -€28,362 | -44.9% |
| Amounts payable | 17/49 | €126,774 | €126,021 | -€753 | -0.6% |
| Amounts payable within one year | 42/48 | €126,774 | €126,021 | -€753 | -0.6% |
| Trade debts | 44 | €12,981 | €14,489 | +€1,509 | +11.6% |
| Suppliers | 440/4 | €12,981 | €14,489 | +€1,509 | +11.6% |
| Advances received on contracts in progress | 46 | €1,072 | €1,072 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €2,014 | €1,140 | -€875 | -43.4% |
| Taxes | 450/3 | €2,014 | €195 | -€1,819 | -90.3% |
| Remuneration and social security | 454/9 | - | €944 | +€944 | |
| Other amounts payable | 47/48 | €110,708 | €109,321 | -€1,387 | -1.3% |
| Remuneration, social security and pensions | 62 | - | €973 | +€973 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,994 | €7,915 | +€2,921 | +58.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €66,935 | €27,210 | -€39,725 | -59.3% |
| Other operating charges | 640/8 | €2,623 | €2,555 | -€67 | -2.6% |
| Gross operating margin | 9900 | €63,533 | €10,481 | -€53,052 | -83.5% |
| Operating profit (loss) | 9901 | -€11,020 | -€28,172 | -€17,153 | -156% |
| Financial income | 75/76B | €21 | €0 | -€20 | -98.5% |
| Recurring financial income | 75 | €21 | €0 | -€20 | -98.5% |
| Financial charges | 65/66B | €281 | €49 | -€232 | -82.5% |
| Recurring financial charges | 65 | €281 | €49 | -€232 | -82.5% |
| Profit (loss) for the period before taxes | 9903 | -€11,280 | -€28,221 | -€16,941 | -150% |
| Income taxes | 67/77 | €143 | €141 | -€2 | -1.2% |
| Profit (loss) for the period | 9904 | -€11,422 | -€28,362 | -€16,940 | -148% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,422 | -€28,362 | -€16,940 | -148% |
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 23 October 2026 via checked.be.