VP DESIGN: what changed
Two fiscal 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.
VP DESIGN
Largest movements
- Receivables within one year +€23,054
up €23,054 (+183.7%), from €12,552 to €35,607
of which Trade receivables: +€21,991
- Deferred charges and accrued income -€3,738
down €3,738 (-81.4%), from €4,590 to €852
- Stocks and contracts +€3,420
up €3,420 (+77.5%), from €4,414 to €7,834
- Tangible fixed assets -€1,756
down €1,756 (-14.9%), from €11,789 to €10,033
of which Other tangible fixed assets: -€1,418
- Cash -€692
down €692 (-7.5%), from €9,217 to €8,525
mainly Receivables within one year (-€23,054) and Stocks and contracts (-€3,420)
- Other debts +€13,995
up €13,995 (+366.9%), from €3,814 to €17,809
- Profit (loss) carried forward +€4,323
up €4,323 (+74.2%), from €5,825 to €10,148
- Trade debts +€3,506
up €3,506 (+34.7%), from €10,101 to €13,607
- Tax, wage and social debts -€1,682
down €1,682 (-84.0%), from €2,002 to €320
- Financial income +€8,165
up €8,165 (+112156.0%), from €7 to €8,172
of which Non-recurring financial income: +€8,141
- Gross operating margin +€6,356
up €6,356, from -€3,017 to €3,338
- Financial charges +€699
up €699 (+110.2%), from €635 to €1,334
- Depreciation -€586
down €586 (-13.4%), from €4,375 to €3,789
- Other operating charges -€313
down €313 (-22.7%), from €1,379 to €1,066
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 | €42,562 | €62,851 | +€20,289 | +47.7% |
| Fixed assets | 21/28 | €11,789 | €10,033 | -€1,756 | -14.9% |
| Tangible fixed assets | 22/27 | €11,789 | €10,033 | -€1,756 | -14.9% |
| Plant, machinery and equipment | 23 | €4,105 | €4,073 | -€32 | -0.8% |
| Furniture and vehicles | 24 | €585 | €280 | -€306 | -52.2% |
| Other tangible fixed assets | 26 | €7,098 | €5,680 | -€1,418 | -20.0% |
| Current assets | 29/58 | €30,773 | €52,818 | +€22,044 | +71.6% |
| Stocks and contracts in progress | 3 | €4,414 | €7,834 | +€3,420 | +77.5% |
| Stocks | 30/36 | €4,414 | €7,834 | +€3,420 | +77.5% |
| Amounts receivable within one year | 40/41 | €12,552 | €35,607 | +€23,054 | +183.7% |
| Trade receivables | 40 | €10,752 | €32,743 | +€21,991 | +204.5% |
| Other amounts receivable | 41 | €1,801 | €2,864 | +€1,063 | +59.0% |
| Cash at bank and in hand | 54/58 | €9,217 | €8,525 | -€692 | -7.5% |
| Deferred charges and accrued income | 490/1 | €4,590 | €852 | -€3,738 | -81.4% |
| Total equity and liabilities | 10/49 | €42,562 | €62,851 | +€20,289 | +47.7% |
| Equity | 10/15 | €26,285 | €30,608 | +€4,323 | +16.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,825 | €10,148 | +€4,323 | +74.2% |
| Amounts payable | 17/49 | €16,277 | €32,243 | +€15,966 | +98.1% |
| Amounts payable within one year | 42/48 | €15,917 | €31,736 | +€15,819 | +99.4% |
| Trade debts | 44 | €10,101 | €13,607 | +€3,506 | +34.7% |
| Suppliers | 440/4 | €10,101 | €13,607 | +€3,506 | +34.7% |
| Taxes, remuneration and social security | 45 | €2,002 | €320 | -€1,682 | -84.0% |
| Taxes | 450/3 | €2,002 | €320 | -€1,682 | -84.0% |
| Other amounts payable | 47/48 | €3,814 | €17,809 | +€13,995 | +366.9% |
| Accrued charges and deferred income | 492/3 | €360 | €507 | +€147 | +41.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,375 | €3,789 | -€586 | -13.4% |
| Other operating charges | 640/8 | €1,379 | €1,066 | -€313 | -22.7% |
| Gross operating margin | 9900 | -€3,017 | €3,338 | +€6,356 | |
| Operating profit (loss) | 9901 | -€8,770 | -€1,516 | +€7,254 | +82.7% |
| Financial income | 75/76B | €7 | €8,172 | +€8,165 | +112156.0% |
| Recurring financial income | 75 | €7 | €31 | +€24 | +324.7% |
| Non-recurring financial income | 76B | - | €8,141 | +€8,141 | |
| Financial charges | 65/66B | €635 | €1,334 | +€699 | +110.2% |
| Recurring financial charges | 65 | €635 | €1,334 | +€699 | +110.2% |
| Profit (loss) for the period before taxes | 9903 | -€9,398 | €5,322 | +€14,720 | |
| Income taxes | 67/77 | €213 | €167 | -€47 | -21.8% |
| Profit (loss) for the period | 9904 | -€9,611 | €5,156 | +€14,767 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,611 | €5,156 | +€14,767 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.