VP 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.
VP Design
Largest movements
- Tangible fixed assets -€23,331
down €23,331 (-22.3%), from €104,396 to €81,066
of which Furniture and vehicles: -€17,742
- Receivables within one year -€21,446
down €21,446 (-78.4%), from €27,347 to €5,902
of which Trade receivables: -€16,633
- Cash +€20,855
up €20,855 (+620%), from €3,366 to €24,222
mainly Net result for the year (+€30,886) and Depreciation (+€23,331)
- Stocks and contracts +€5,759
up €5,759 (+38.4%), from €15,000 to €20,759
- Deferred charges and accrued income +€2,291
up €2,291 (+164%), from €1,396 to €3,687
- Trade debts -€45,893
down €45,893 (-54.3%), from €84,547 to €38,654
of which Suppliers: -€40,999
- Other debts -€33,841
down €33,841 (-55.1%), from €61,448 to €27,607
- Reserves +€28,953
new in 2025: €28,953
- Tax, wage and social debts +€16,038
up €16,038 (+577%), from €2,779 to €18,817
of which Taxes: +€14,756
- Debts after one year +€14,312
new in 2025: €14,312
- Gross operating margin +€29,549
up €29,549 (+33.3%), from €88,666 to €118,214
- Staff costs -€8,195
down €8,195 (-14.6%), from €56,291 to €48,096
- Taxes +€7,323
up €7,323 (+734%), from €998 to €8,321
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 | €151,506 | €135,636 | -€15,870 | -10.5% |
| Fixed assets | 21/28 | €104,396 | €81,066 | -€23,331 | -22.3% |
| Tangible fixed assets | 22/27 | €104,396 | €81,066 | -€23,331 | -22.3% |
| Plant, machinery and equipment | 23 | €20,361 | €14,772 | -€5,589 | -27.4% |
| Furniture and vehicles | 24 | €70,827 | €53,085 | -€17,742 | -25.0% |
| Assets under construction and advance payments | 27 | €13,209 | €13,209 | = | 0.0% |
| Current assets | 29/58 | €47,110 | €54,570 | +€7,460 | +15.8% |
| Stocks and contracts in progress | 3 | €15,000 | €20,759 | +€5,759 | +38.4% |
| Stocks | 30/36 | €15,000 | €20,759 | +€5,759 | +38.4% |
| Amounts receivable within one year | 40/41 | €27,347 | €5,902 | -€21,446 | -78.4% |
| Trade receivables | 40 | €22,534 | €5,902 | -€16,633 | -73.8% |
| Other amounts receivable | 41 | €4,813 | - | -€4,813 | |
| Cash at bank and in hand | 54/58 | €3,366 | €24,222 | +€20,855 | +620% |
| Deferred charges and accrued income | 490/1 | €1,396 | €3,687 | +€2,291 | +164% |
| Total equity and liabilities | 10/49 | €151,506 | €135,636 | -€15,870 | -10.5% |
| Equity | 10/15 | €2,733 | €31,953 | +€29,220 | +1,069% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €28,953 | +€28,953 | |
| Distributable reserves | 133 | - | €28,953 | +€28,953 | |
| Profit (loss) carried forward | 14 | -€267 | - | +€267 | |
| Amounts payable | 17/49 | €148,774 | €103,683 | -€45,090 | -30.3% |
| Amounts payable after more than one year | 17 | - | €14,312 | +€14,312 | |
| Financial debts | 170/4 | - | €14,312 | +€14,312 | |
| Amounts payable within one year | 42/48 | €148,774 | €89,371 | -€59,402 | -39.9% |
| Current portion of amounts payable after more than one year | 42 | - | €4,293 | +€4,293 | |
| Trade debts | 44 | €84,547 | €38,654 | -€45,893 | -54.3% |
| Suppliers | 440/4 | €76,403 | €35,404 | -€40,999 | -53.7% |
| Bills of exchange payable | 441 | €8,144 | €3,250 | -€4,894 | -60.1% |
| Taxes, remuneration and social security | 45 | €2,779 | €18,817 | +€16,038 | +577% |
| Taxes | 450/3 | €998 | €15,754 | +€14,756 | +1,479% |
| Remuneration and social security | 454/9 | €1,781 | €3,063 | +€1,282 | +72.0% |
| Other amounts payable | 47/48 | €61,448 | €27,607 | -€33,841 | -55.1% |
| Remuneration, social security and pensions | 62 | €56,291 | €48,096 | -€8,195 | -14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,133 | €23,331 | +€198 | +0.9% |
| Other operating charges | 640/8 | €3,968 | €3,782 | -€185 | -4.7% |
| Gross operating margin | 9900 | €88,666 | €118,214 | +€29,549 | +33.3% |
| Operating profit (loss) | 9901 | €5,275 | €43,005 | +€37,730 | +715% |
| Financial income | 75/76B | €109 | €1 | -€108 | -98.9% |
| Recurring financial income | 75 | €109 | €1 | -€108 | -98.9% |
| Financial charges | 65/66B | €4,653 | €3,799 | -€855 | -18.4% |
| Recurring financial charges | 65 | €4,653 | €3,799 | -€855 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | €731 | €39,207 | +€38,477 | +5,266% |
| Income taxes | 67/77 | €998 | €8,321 | +€7,323 | +734% |
| Profit (loss) for the period | 9904 | -€267 | €30,886 | +€31,153 | |
| Profit (loss) for the period to be appropriated | 9905 | -€267 | €30,886 | +€31,153 |
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 19 October 2026 via checked.be.