VL-Design: 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.
VL-Design
Largest movements
- Receivables within one year -€6,928
down €6,928 (-25.6%), from €27,023 to €20,095
of which Trade receivables: -€5,760
- Cash +€3,355
up €3,355 (+25077.6%), from €13 to €3,369
mainly Receivables within one year (+€6,928) and Other debts (+€2,920)
- Stocks and contracts -€2,913
down €2,913 (-18.3%), from €15,941 to €13,028
of which Contracts in progress: -€3,342
- Financial fixed assets +€1,300
up €1,300 (+65.0%), from €2,000 to €3,300
- Tangible fixed assets -€867
down €867 (-20.1%), from €4,318 to €3,451
- Advances received -€9,127
down €9,127 (-63.0%), from €14,477 to €5,350
- Other debts +€2,920
up €2,920 (+28.7%), from €10,155 to €13,075
- Accrued charges and deferred income -€2,698
down €2,698 (-91.1%), from €2,960 to €262
- Tax, wage and social debts +€2,088
up €2,088 (+417.5%), from €500 to €2,588
of which Remuneration and social security: +€1,512
- Profit (loss) carried forward +€908
up €908 (+169.9%), from €534 to €1,442
- Gross operating margin +€10,052
up €10,052 (+552.7%), from €1,819 to €11,871
- Staff costs +€7,483
new in 2025: €7,483
- Depreciation +€850
up €850 (+5100.6%), from €17 to €867
- Other operating charges +€565
up €565 (+93.1%), from €606 to €1,171
- Financial charges +€559
up €559 (+343.9%), from €163 to €722
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.
Cash bridge derived
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 | €49,295 | €43,264 | -€6,032 | -12.2% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €6,318 | €6,751 | +€433 | +6.9% |
| Tangible fixed assets | 22/27 | €4,318 | €3,451 | -€867 | -20.1% |
| Furniture and vehicles | 24 | €4,318 | €3,451 | -€867 | -20.1% |
| Financial fixed assets | 28 | €2,000 | €3,300 | +€1,300 | +65.0% |
| Current assets | 29/58 | €42,977 | €36,513 | -€6,465 | -15.0% |
| Stocks and contracts in progress | 3 | €15,941 | €13,028 | -€2,913 | -18.3% |
| Stocks | 30/36 | €1,464 | €1,893 | +€429 | +29.3% |
| Contracts in progress | 37 | €14,477 | €11,135 | -€3,342 | -23.1% |
| Amounts receivable within one year | 40/41 | €27,023 | €20,095 | -€6,928 | -25.6% |
| Trade receivables | 40 | €23,803 | €18,043 | -€5,760 | -24.2% |
| Other amounts receivable | 41 | €3,220 | €2,052 | -€1,168 | -36.3% |
| Cash at bank and in hand | 54/58 | €13 | €3,369 | +€3,355 | +25077.6% |
| Deferred charges and accrued income | 490/1 | - | €21 | +€21 | |
| Total equity and liabilities | 10/49 | €49,295 | €43,264 | -€6,032 | -12.2% |
| Equity | 10/15 | €2,534 | €3,442 | +€908 | +35.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €534 | €1,442 | +€908 | +169.9% |
| Amounts payable | 17/49 | €46,761 | €39,822 | -€6,939 | -14.8% |
| Amounts payable within one year | 42/48 | €43,801 | €39,560 | -€4,241 | -9.7% |
| Trade debts | 44 | €18,669 | €18,547 | -€122 | -0.7% |
| Suppliers | 440/4 | €18,669 | €18,547 | -€122 | -0.7% |
| Advances received on contracts in progress | 46 | €14,477 | €5,350 | -€9,127 | -63.0% |
| Taxes, remuneration and social security | 45 | €500 | €2,588 | +€2,088 | +417.5% |
| Taxes | 450/3 | €500 | €1,076 | +€576 | +115.2% |
| Remuneration and social security | 454/9 | - | €1,512 | +€1,512 | |
| Other amounts payable | 47/48 | €10,155 | €13,075 | +€2,920 | +28.7% |
| Accrued charges and deferred income | 492/3 | €2,960 | €262 | -€2,698 | -91.1% |
| Remuneration, social security and pensions | 62 | - | €7,483 | +€7,483 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17 | €867 | +€850 | +5100.6% |
| Other operating charges | 640/8 | €606 | €1,171 | +€565 | +93.1% |
| Gross operating margin | 9900 | €1,819 | €11,871 | +€10,052 | +552.7% |
| Operating profit (loss) | 9901 | €1,196 | €2,349 | +€1,154 | +96.5% |
| Financial income | 75/76B | €1 | €2 | +€1 | +74.8% |
| Recurring financial income | 75 | €1 | €2 | +€1 | +74.8% |
| Financial charges | 65/66B | €163 | €722 | +€559 | +343.9% |
| Recurring financial charges | 65 | €163 | €722 | +€559 | +343.9% |
| Profit (loss) for the period before taxes | 9903 | €1,034 | €1,629 | +€595 | +57.6% |
| Income taxes | 67/77 | €500 | €722 | +€222 | +44.4% |
| Profit (loss) for the period | 9904 | €534 | €908 | +€373 | +69.9% |
| Profit (loss) for the period to be appropriated | 9905 | €534 | €908 | +€373 | +69.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.