VPL BIJOUX: 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.
VPL BIJOUX
Largest movements
- Receivables after one year +€400,000
new in 2025: €400,000
- Current investments +€317,533
up €317,533 (+38.0%), from €835,774 to €1.2m
- Receivables within one year +€136,779
up €136,779 (+176%), from €77,688 to €214,467
of which Other amounts receivable: +€69,301
- Tangible fixed assets -€41,201
down €41,201 (-33.0%), from €125,021 to €83,820
of which Furniture and vehicles: -€21,645
- Intangible fixed assets +€24,060
up €24,060 (+71.1%), from €33,820 to €57,881
- Profit (loss) carried forward +€454,859
up €454,859 (+79.4%), from €573,231 to €1.0m
- Short-term financial debts +€398,113
new in 2025: €398,113
- Trade debts -€72,898
down €72,898 (-47.0%), from €155,157 to €82,259
- Other debts +€56,046
up €56,046 (+78.6%), from €71,292 to €127,338
- Current portion of long-term debt -€30,995
down €30,995 (-40.2%), from €77,165 to €46,170
- Financial income +€163,893
up €163,893 (+107%), from €153,158 to €317,051
- Gross operating margin -€109,831
down €109,831 (-7.0%), from €1.6m to €1.5m
- Financial charges -€61,560
down €61,560 (-58.4%), from €105,369 to €43,808
of which Non-recurring financial charges: -€79,146
- Staff costs -€46,469
down €46,469 (-4.2%), from €1.1m to €1.1m
- Taxes +€30,433
up €30,433 (+22.8%), from €133,345 to €163,778
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 | €1,242,896 | €2,074,968 | +€832,072 | +66.9% |
| Fixed assets | 21/28 | €159,741 | €142,450 | -€17,291 | -10.8% |
| Intangible fixed assets | 21 | €33,820 | €57,881 | +€24,060 | +71.1% |
| Tangible fixed assets | 22/27 | €125,021 | €83,820 | -€41,201 | -33.0% |
| Plant, machinery and equipment | 23 | €1,084 | €234 | -€849 | -78.4% |
| Furniture and vehicles | 24 | €54,724 | €33,078 | -€21,645 | -39.6% |
| Other tangible fixed assets | 26 | €69,214 | €50,507 | -€18,707 | -27.0% |
| Financial fixed assets | 28 | €900 | €750 | -€150 | -16.7% |
| Current assets | 29/58 | €1,083,155 | €1,932,518 | +€849,362 | +78.4% |
| Amounts receivable after more than one year | 29 | - | €400,000 | +€400,000 | |
| Other amounts receivable | 291 | - | €400,000 | +€400,000 | |
| Amounts receivable within one year | 40/41 | €77,688 | €214,467 | +€136,779 | +176% |
| Trade receivables | 40 | €42,686 | €110,164 | +€67,478 | +158% |
| Other amounts receivable | 41 | €35,003 | €104,304 | +€69,301 | +198% |
| Current investments | 50/53 | €835,774 | €1,153,307 | +€317,533 | +38.0% |
| Cash at bank and in hand | 54/58 | €93,648 | €74,153 | -€19,494 | -20.8% |
| Deferred charges and accrued income | 490/1 | €76,046 | €90,590 | +€14,544 | +19.1% |
| Total equity and liabilities | 10/49 | €1,242,896 | €2,074,968 | +€832,072 | +66.9% |
| Equity | 10/15 | €609,975 | €1,069,902 | +€459,927 | +75.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €573,231 | €1,028,089 | +€454,859 | +79.4% |
| Investment grants | 15 | €14,744 | €19,812 | +€5,068 | +34.4% |
| Amounts payable | 17/49 | €632,922 | €1,005,066 | +€372,144 | +58.8% |
| Amounts payable within one year | 42/48 | €632,079 | €985,693 | +€353,614 | +55.9% |
| Current portion of amounts payable after more than one year | 42 | €77,165 | €46,170 | -€30,995 | -40.2% |
| Financial debts | 43 | - | €398,113 | +€398,113 | |
| Credit institutions | 430/8 | - | €398,113 | +€398,113 | |
| Trade debts | 44 | €155,157 | €82,259 | -€72,898 | -47.0% |
| Suppliers | 440/4 | €155,157 | €82,259 | -€72,898 | -47.0% |
| Taxes, remuneration and social security | 45 | €328,466 | €331,814 | +€3,347 | +1.0% |
| Taxes | 450/3 | €183,613 | €201,178 | +€17,565 | +9.6% |
| Remuneration and social security | 454/9 | €144,853 | €130,635 | -€14,218 | -9.8% |
| Other amounts payable | 47/48 | €71,292 | €127,338 | +€56,046 | +78.6% |
| Accrued charges and deferred income | 492/3 | €843 | €19,373 | +€18,531 | +2,199% |
| Remuneration, social security and pensions | 62 | €1,096,666 | €1,050,196 | -€46,469 | -4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,857 | €62,367 | -€20,490 | -24.7% |
| Other operating charges | 640/8 | €7,135 | €7,949 | +€814 | +11.4% |
| Gross operating margin | 9900 | €1,575,738 | €1,465,906 | -€109,831 | -7.0% |
| Operating profit (loss) | 9901 | €389,079 | €345,394 | -€43,685 | -11.2% |
| Financial income | 75/76B | €153,158 | €317,051 | +€163,893 | +107% |
| Recurring financial income | 75 | €153,158 | €317,051 | +€163,893 | +107% |
| Financial charges | 65/66B | €105,369 | €43,808 | -€61,560 | -58.4% |
| Recurring financial charges | 65 | €26,223 | €43,808 | +€17,585 | +67.1% |
| Non-recurring financial charges | 66B | €79,146 | €0 | -€79,146 | -100% |
| Profit (loss) for the period before taxes | 9903 | €436,868 | €618,637 | +€181,768 | +41.6% |
| Income taxes | 67/77 | €133,345 | €163,778 | +€30,433 | +22.8% |
| Profit (loss) for the period | 9904 | €303,523 | €454,859 | +€151,336 | +49.9% |
| Profit (loss) for the period to be appropriated | 9905 | €303,523 | €454,859 | +€151,336 | +49.9% |
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 18 October 2026 via checked.be.