V&V TRADING: 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 TRADING
Largest movements
- Receivables within one year +€39,058
up €39,058 (+53.9%), from €72,480 to €111,538
of which Trade receivables: +€39,058
- Tangible fixed assets +€32,002
up €32,002 (+43.6%), from €73,454 to €105,456
of which Furniture and vehicles: +€37,916
- Cash -€19,093
down €19,093 (-80.8%), from €23,621 to €4,528
mainly Investment in fixed assets (net) (-€42,335) and Receivables within one year (-€39,058)
- Stocks and contracts +€3,256
up €3,256 (+276%), from €1,181 to €4,437
- Trade debts +€29,537
up €29,537 (+7,626%), from €387 to €29,924
- Debts after one year +€14,030
up €14,030 (+26.6%), from €52,706 to €66,736
- Current portion of long-term debt +€5,877
up €5,877 (+75.5%), from €7,786 to €13,663
- Reserves +€4,773
up €4,773 (+5.7%), from €83,329 to €88,102
- Depreciation +€2,992
up €2,992 (+40.8%), from €7,341 to €10,333
- Financial income -€2,497
down €2,497 (-88.4%), from €2,825 to €328
- Taxes +€1,707
up €1,707 (+301%), from €566 to €2,273
- Gross operating margin +€1,630
up €1,630 (+8.5%), from €19,194 to €20,824
- Financial charges +€388
up €388 (+20.4%), from €1,906 to €2,294
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 | €170,736 | €225,958 | +€55,223 | +32.3% |
| Fixed assets | 21/28 | €73,454 | €105,456 | +€32,002 | +43.6% |
| Tangible fixed assets | 22/27 | €73,454 | €105,456 | +€32,002 | +43.6% |
| Land and buildings | 22 | €70,878 | €65,252 | -€5,626 | -7.9% |
| Furniture and vehicles | 24 | €399 | €38,315 | +€37,916 | +9,512% |
| Other tangible fixed assets | 26 | €2,177 | €1,889 | -€288 | -13.2% |
| Current assets | 29/58 | €97,282 | €120,503 | +€23,221 | +23.9% |
| Stocks and contracts in progress | 3 | €1,181 | €4,437 | +€3,256 | +276% |
| Stocks | 30/36 | €1,181 | €4,437 | +€3,256 | +276% |
| Amounts receivable within one year | 40/41 | €72,480 | €111,538 | +€39,058 | +53.9% |
| Trade receivables | 40 | €72,480 | €111,538 | +€39,058 | +53.9% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €23,621 | €4,528 | -€19,093 | -80.8% |
| Total equity and liabilities | 10/49 | €170,736 | €225,958 | +€55,223 | +32.3% |
| Equity | 10/15 | €101,929 | €106,702 | +€4,773 | +4.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €83,329 | €88,102 | +€4,773 | +5.7% |
| Distributable reserves | 133 | €83,329 | €88,102 | +€4,773 | +5.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €68,807 | €119,256 | +€50,450 | +73.3% |
| Amounts payable after more than one year | 17 | €52,706 | €66,736 | +€14,030 | +26.6% |
| Financial debts | 170/4 | €52,706 | €66,736 | +€14,030 | +26.6% |
| Amounts payable within one year | 42/48 | €16,101 | €52,521 | +€36,420 | +226% |
| Current portion of amounts payable after more than one year | 42 | €7,786 | €13,663 | +€5,877 | +75.5% |
| Trade debts | 44 | €387 | €29,924 | +€29,537 | +7,626% |
| Suppliers | 440/4 | €387 | €29,924 | +€29,537 | +7,626% |
| Taxes, remuneration and social security | 45 | €7,927 | €8,933 | +€1,006 | +12.7% |
| Taxes | 450/3 | €7,927 | €8,933 | +€1,006 | +12.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,341 | €10,333 | +€2,992 | +40.8% |
| Other operating charges | 640/8 | €1,195 | €1,478 | +€283 | +23.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €19,194 | €20,824 | +€1,630 | +8.5% |
| Operating profit (loss) | 9901 | €10,658 | €9,012 | -€1,646 | -15.4% |
| Financial income | 75/76B | €2,825 | €328 | -€2,497 | -88.4% |
| Recurring financial income | 75 | €2,825 | €328 | -€2,497 | -88.4% |
| Financial charges | 65/66B | €1,906 | €2,294 | +€388 | +20.4% |
| Recurring financial charges | 65 | €1,906 | €2,294 | +€388 | +20.4% |
| Profit (loss) for the period before taxes | 9903 | €11,576 | €7,046 | -€4,531 | -39.1% |
| Income taxes | 67/77 | €566 | €2,273 | +€1,707 | +301% |
| Profit (loss) for the period | 9904 | €11,010 | €4,773 | -€6,237 | -56.6% |
| Profit (loss) for the period to be appropriated | 9905 | €11,010 | €4,773 | -€6,237 | -56.6% |
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 28 October 2026 via checked.be.