VIPS AND FRIENDS: what changed
What changed
VIPS AND FRIENDS
NACE 46.471, Wholesale trade
filed annual accounts (NBB)
Net result for the year
€154,673
2024 · -€78,488+€233,161
Equity
€497,498
2024 · €342,825+€154,673
Cash
€26,014
2024 · €48,699-€22,685
Balance sheet total
€1.2m
2024 · €965,682+€193,691
Largest movements
Assets
- Current investments +€96,246
new in 2025: €96,246
- Stocks and contracts +€92,089
up €92,089 (+21.9%), from €420,812 to €512,901
- Deferred charges and accrued income +€42,361
up €42,361 (+1,274%), from €3,325 to €45,686
- Receivables within one year -€31,014
down €31,014 (-58.3%), from €53,200 to €22,186
of which Other amounts receivable: -€25,989
- Receivables after one year +€26,012
new in 2025: €26,012
Equity and liabilities
- Trade debts -€78,497
down €78,497 (-35.9%), from €218,956 to €140,459
- Profit (loss) carried forward +€78,488
up €78,488, from -€78,488 to €0
- Reserves +€76,184
up €76,184 (+18.9%), from €402,714 to €478,898
of which Non-distributable reserves: +€122,258
- Other debts +€49,426
up €49,426 (+6,736%), from €734 to €50,160
- Debts after one year +€33,316
up €33,316 (+10.1%), from €330,709 to €364,025
Income statement
- Gross operating margin +€303,072
up €303,072 (+238%), from €127,334 to €430,405
- Other operating charges +€55,690
up €55,690 (+59.3%), from €93,968 to €149,657
- Taxes +€36,347
up €36,347, from -€40 to €36,307
- Depreciation -€35,947
down €35,947 (-77.3%), from €46,530 to €10,583
- Staff costs +€8,475
up €8,475 (+15.5%), from €54,530 to €63,005
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
-€78,488
Gross operating margin
+€303,072
Staff costs
-€8,475
Depreciation
+€35,947
Other operating charges
-€55,690
Financial income
-€360
Financial charges
-€4,986
Taxes
-€36,347
Result 2025
€154,673
raises the resultlowers the result
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
+€16,084
Investment
-€97,510
Financing
+€58,741
Cash 2024
€48,699
From operations (derived)
+€16,084
Net result for the year
+€154,673
Depreciation
+€10,583
Receivables after one year
-€26,012
Stocks and contracts
-€92,089
Receivables within one year
+€31,014
Deferred charges and accrued income
-€42,361
Trade debts
-€78,497
Tax, wage and social debts
+€2,981
Advances received
+€6,366
Other debts
+€49,426
Investment (derived)
-€97,510
Investment in fixed assets (net)
-€1,264
Current investments
-€96,246
Financing
+€58,741
Debts after one year
+€33,316
Current portion of long-term debt
+€25,425
Cash 2025
€26,014
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €965,682 | €1,159,373 | +€193,691 | +20.1% |
| Fixed assets | 21/28 | €439,646 | €430,328 | -€9,319 | -2.1% |
| Tangible fixed assets | 22/27 | €439,402 | €430,084 | -€9,319 | -2.1% |
| Land and buildings | 22 | €432,740 | €424,862 | -€7,878 | -1.8% |
| Plant, machinery and equipment | 23 | €6,662 | €4,682 | -€1,980 | -29.7% |
| Furniture and vehicles | 24 | - | €539 | +€539 | |
| Financial fixed assets | 28 | €244 | €244 | = | 0.0% |
| Current assets | 29/58 | €526,036 | €729,045 | +€203,010 | +38.6% |
| Amounts receivable after more than one year | 29 | - | €26,012 | +€26,012 | |
| Other amounts receivable | 291 | - | €26,012 | +€26,012 | |
| Stocks and contracts in progress | 3 | €420,812 | €512,901 | +€92,089 | +21.9% |
| Stocks | 30/36 | €420,812 | €512,901 | +€92,089 | +21.9% |
| Amounts receivable within one year | 40/41 | €53,200 | €22,186 | -€31,014 | -58.3% |
| Trade receivables | 40 | €5,856 | €832 | -€5,025 | -85.8% |
| Other amounts receivable | 41 | €47,344 | €21,354 | -€25,989 | -54.9% |
| Current investments | 50/53 | - | €96,246 | +€96,246 | |
| Cash at bank and in hand | 54/58 | €48,699 | €26,014 | -€22,685 | -46.6% |
| Deferred charges and accrued income | 490/1 | €3,325 | €45,686 | +€42,361 | +1,274% |
| Total equity and liabilities | 10/49 | €965,682 | €1,159,373 | +€193,691 | +20.1% |
| Equity | 10/15 | €342,825 | €497,498 | +€154,673 | +45.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €402,714 | €478,898 | +€76,184 | +18.9% |
| Non-distributable reserves | 130/1 | - | €122,258 | +€122,258 | |
| Own shares acquired | 1312 | - | €96,246 | +€96,246 | |
| Financial assistance | 1313 | - | €26,012 | +€26,012 | |
| Distributable reserves | 133 | €402,714 | €356,640 | -€46,074 | -11.4% |
| Profit (loss) carried forward | 14 | -€78,488 | €0 | +€78,488 | |
| Amounts payable | 17/49 | €622,857 | €661,875 | +€39,018 | +6.3% |
| Amounts payable after more than one year | 17 | €330,709 | €364,025 | +€33,316 | +10.1% |
| Financial debts | 170/4 | €330,709 | €364,025 | +€33,316 | +10.1% |
| Amounts payable within one year | 42/48 | €292,147 | €297,850 | +€5,702 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €53,259 | €78,684 | +€25,425 | +47.7% |
| Trade debts | 44 | €218,956 | €140,459 | -€78,497 | -35.9% |
| Suppliers | 440/4 | €218,956 | €140,459 | -€78,497 | -35.9% |
| Advances received on contracts in progress | 46 | €9,355 | €15,721 | +€6,366 | +68.0% |
| Taxes, remuneration and social security | 45 | €9,844 | €12,825 | +€2,981 | +30.3% |
| Remuneration and social security | 454/9 | €9,844 | €12,825 | +€2,981 | +30.3% |
| Other amounts payable | 47/48 | €734 | €50,160 | +€49,426 | +6,736% |
| Remuneration, social security and pensions | 62 | €54,530 | €63,005 | +€8,475 | +15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,530 | €10,583 | -€35,947 | -77.3% |
| Other operating charges | 640/8 | €93,968 | €149,657 | +€55,690 | +59.3% |
| Gross operating margin | 9900 | €127,334 | €430,405 | +€303,072 | +238% |
| Operating profit (loss) | 9901 | -€67,694 | €207,160 | +€274,854 | |
| Financial income | 75/76B | €954 | €594 | -€360 | -37.7% |
| Recurring financial income | 75 | €954 | €594 | -€360 | -37.7% |
| Financial charges | 65/66B | €11,788 | €16,774 | +€4,986 | +42.3% |
| Recurring financial charges | 65 | €11,788 | €16,774 | +€4,986 | +42.3% |
| Profit (loss) for the period before taxes | 9903 | -€78,528 | €190,980 | +€269,508 | |
| Income taxes | 67/77 | -€40 | €36,307 | +€36,347 | |
| Profit (loss) for the period | 9904 | -€78,488 | €154,673 | +€233,161 | |
| Profit (loss) for the period to be appropriated | 9905 | -€78,488 | €154,673 | +€233,161 |
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 7 November 2026 via checked.be.