VK-DESIGN: what changed
What changed
VK-DESIGN
NACE 43.240, Other construction installation
filed annual accounts (NBB)
Net result for the year
€99,695
2025 · €60,362+€39,333
Equity
€512,102
2025 · €523,913-€11,811
Cash
€319,098
2025 · €189,618+€129,479
Balance sheet total
€1.0m
2025 · €1.0m+€36,762
Largest movements
Assets
- Cash +€129,479
up €129,479 (+68.3%), from €189,618 to €319,098
mainly Net result for the year (+€99,695) and Depreciation (+€78,521)
- Tangible fixed assets -€67,466
down €67,466 (-20.1%), from €336,301 to €268,835
- Receivables within one year -€44,791
down €44,791 (-16.4%), from €273,911 to €229,120
of which Trade receivables: -€44,967
- Deferred charges and accrued income +€25,588
up €25,588 (+51.4%), from €49,824 to €75,412
- Stocks and contracts -€16,391
down €16,391 (-12.1%), from €135,760 to €119,369
Equity and liabilities
- Other debts +€47,958
up €47,958 (+53.8%), from €89,164 to €137,122
- Trade debts +€35,776
up €35,776 (+22.5%), from €158,698 to €194,474
- Current portion of long-term debt -€27,834
down €27,834 (-40.9%), from €68,120 to €40,286
- Debts after one year -€15,869
down €15,869 (-15.1%), from €105,216 to €89,347
- Reserves -€11,811
down €11,811 (-2.3%), from €523,913 to €512,102
Income statement
- Gross operating margin +€102,914
up €102,914 (+11.2%), from €914,927 to €1.0m
- Write-downs +€29,830
new in 2026: €29,830
- Staff costs +€26,238
up €26,238 (+3.6%), from €727,882 to €754,120
- Taxes +€20,649
up €20,649 (+82.7%), from €24,960 to €45,609
Change in the result, 2025 to 2026
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 2025
€60,362
Gross operating margin
+€102,914
Staff costs
-€26,238
Depreciation
+€8,214
Write-downs
-€29,830
Other operating charges
-€1,073
Other operating items
+€6,722
Financial income
+€2,276
Financial charges
-€3,004
Taxes
-€20,649
Result 2026
€99,695
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€306,068
Investment
-€21,398
Financing
-€155,190
Cash 2025
€189,618
From operations (derived)
+€306,068
Net result for the year
+€99,695
Depreciation
+€78,521
Stocks and contracts
+€16,391
Receivables within one year
+€44,791
Deferred charges and accrued income
-€25,588
Trade debts
+€35,776
Tax, wage and social debts
+€8,515
Other debts
+€47,958
Accrued charges and deferred income
+€9
Investment (derived)
-€21,398
Investment in fixed assets (net)
-€21,398
Financing
-€155,190
Debts after one year
-€15,869
Current portion of long-term debt
-€27,834
Short-term financial debts
+€19
Contributions, distributions and other
-€111,506
Cash 2026
€319,098
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,002,253 | €1,039,016 | +€36,762 | +3.7% |
| Fixed assets | 21/28 | €353,139 | €296,016 | -€57,123 | -16.2% |
| Intangible fixed assets | 21 | €14,839 | €25,181 | +€10,343 | +69.7% |
| Tangible fixed assets | 22/27 | €336,301 | €268,835 | -€67,466 | -20.1% |
| Land and buildings | 22 | €1,200 | €0 | -€1,200 | -100% |
| Plant, machinery and equipment | 23 | €227,948 | €202,453 | -€25,495 | -11.2% |
| Furniture and vehicles | 24 | €64,283 | €35,323 | -€28,960 | -45.1% |
| Other tangible fixed assets | 26 | €42,869 | €31,059 | -€11,810 | -27.5% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €649,114 | €742,999 | +€93,885 | +14.5% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €135,760 | €119,369 | -€16,391 | -12.1% |
| Stocks | 30/36 | €135,760 | €119,369 | -€16,391 | -12.1% |
| Amounts receivable within one year | 40/41 | €273,911 | €229,120 | -€44,791 | -16.4% |
| Trade receivables | 40 | €245,592 | €200,625 | -€44,967 | -18.3% |
| Other amounts receivable | 41 | €28,319 | €28,495 | +€176 | +0.6% |
| Cash at bank and in hand | 54/58 | €189,618 | €319,098 | +€129,479 | +68.3% |
| Deferred charges and accrued income | 490/1 | €49,824 | €75,412 | +€25,588 | +51.4% |
| Total equity and liabilities | 10/49 | €1,002,253 | €1,039,016 | +€36,762 | +3.7% |
| Equity | 10/15 | €523,913 | €512,102 | -€11,811 | -2.3% |
| Reserves | 13 | €523,913 | €512,102 | -€11,811 | -2.3% |
| Distributable reserves | 133 | €523,913 | €512,102 | -€11,811 | -2.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €478,340 | €526,914 | +€48,573 | +10.2% |
| Amounts payable after more than one year | 17 | €105,216 | €89,347 | -€15,869 | -15.1% |
| Financial debts | 170/4 | €105,216 | €89,347 | -€15,869 | -15.1% |
| Amounts payable within one year | 42/48 | €372,525 | €436,958 | +€64,433 | +17.3% |
| Current portion of amounts payable after more than one year | 42 | €68,120 | €40,286 | -€27,834 | -40.9% |
| Financial debts | 43 | €9 | €28 | +€19 | +207% |
| Credit institutions | 430/8 | €9 | €28 | +€19 | +207% |
| Trade debts | 44 | €158,698 | €194,474 | +€35,776 | +22.5% |
| Suppliers | 440/4 | €158,698 | €194,474 | +€35,776 | +22.5% |
| Taxes, remuneration and social security | 45 | €56,533 | €65,048 | +€8,515 | +15.1% |
| Taxes | 450/3 | €4,915 | €15,616 | +€10,702 | +218% |
| Remuneration and social security | 454/9 | €51,618 | €49,432 | -€2,186 | -4.2% |
| Other amounts payable | 47/48 | €89,164 | €137,122 | +€47,958 | +53.8% |
| Accrued charges and deferred income | 492/3 | €600 | €609 | +€9 | +1.5% |
| Non-recurring operating income | 76A | €32,566 | €3,919 | -€28,647 | -88.0% |
| Remuneration, social security and pensions | 62 | €727,882 | €754,120 | +€26,238 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,735 | €78,521 | -€8,214 | -9.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €29,830 | +€29,830 | |
| Other operating charges | 640/8 | €2,538 | €3,612 | +€1,073 | +42.3% |
| Non-recurring operating charges | 66A | €6,722 | €0 | -€6,722 | -100% |
| Gross operating margin | 9900 | €914,927 | €1,017,841 | +€102,914 | +11.2% |
| Operating profit (loss) | 9901 | €91,049 | €151,759 | +€60,710 | +66.7% |
| Financial income | 75/76B | €3,645 | €5,921 | +€2,276 | +62.4% |
| Recurring financial income | 75 | €3,645 | €5,921 | +€2,276 | +62.4% |
| Financial charges | 65/66B | €9,373 | €12,376 | +€3,004 | +32.0% |
| Recurring financial charges | 65 | €9,373 | €12,376 | +€3,004 | +32.0% |
| Profit (loss) for the period before taxes | 9903 | €85,322 | €145,304 | +€59,982 | +70.3% |
| Income taxes | 67/77 | €24,960 | €45,609 | +€20,649 | +82.7% |
| Profit (loss) for the period | 9904 | €60,362 | €99,695 | +€39,333 | +65.2% |
| Profit (loss) for the period to be appropriated | 9905 | €60,362 | €99,695 | +€39,333 | +65.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.