Vshop: 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.
Vshop
Largest movements
- Tangible fixed assets -€21,193
down €21,193 (-20.8%), from €101,982 to €80,788
of which Furniture and vehicles: -€19,882
- Receivables within one year +€18,144
up €18,144 (+1344.0%), from €1,350 to €19,494
of which Other amounts receivable: +€17,575
- Cash +€2,086
up €2,086 (+32.6%), from €6,400 to €8,486
mainly Other debts (+€137,299) and Short-term financial debts (+€21,736)
- Other debts +€137,299
up €137,299 (+56.9%), from €241,116 to €378,415
- Trade debts -€105,326
down €105,326 (-75.8%), from €139,037 to €33,711
- Profit (loss) carried forward -€35,342
down €35,342 (-7.0%), from -€502,155 to -€537,496
- Short-term financial debts +€21,736
up €21,736 (+18.2%), from €119,509 to €141,245
- Debts after one year -€16,854
down €16,854 (-23.1%), from €72,962 to €56,108
- Depreciation +€18,030
up €18,030 (+570.0%), from €3,163 to €21,193
- Gross operating margin +€1,939
up €1,939 (+32.9%), from €5,892 to €7,831
- Financial charges +€1,334
up €1,334 (+6.3%), from €21,288 to €22,622
- Financial income +€1,001
up €1,001 (+2413.5%), from €41 to €1,043
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 | €109,731 | €108,768 | -€963 | -0.9% |
| Fixed assets | 21/28 | €101,982 | €80,788 | -€21,193 | -20.8% |
| Tangible fixed assets | 22/27 | €101,982 | €80,788 | -€21,193 | -20.8% |
| Plant, machinery and equipment | 23 | €4,423 | €3,112 | -€1,311 | -29.6% |
| Furniture and vehicles | 24 | €97,559 | €77,677 | -€19,882 | -20.4% |
| Current assets | 29/58 | €7,750 | €27,980 | +€20,230 | +261.0% |
| Amounts receivable within one year | 40/41 | €1,350 | €19,494 | +€18,144 | +1344.0% |
| Trade receivables | 40 | - | €569 | +€569 | |
| Other amounts receivable | 41 | €1,350 | €18,925 | +€17,575 | +1301.8% |
| Cash at bank and in hand | 54/58 | €6,400 | €8,486 | +€2,086 | +32.6% |
| Total equity and liabilities | 10/49 | €109,731 | €108,768 | -€963 | -0.9% |
| Equity | 10/15 | -€483,006 | -€518,347 | -€35,342 | -7.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €549 | €549 | = | 0.0% |
| Non-distributable reserves | 130/1 | €549 | €549 | = | 0.0% |
| Reserves not available under the articles | 1311 | €549 | €549 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€502,155 | -€537,496 | -€35,342 | -7.0% |
| Amounts payable | 17/49 | €592,737 | €627,115 | +€34,378 | +5.8% |
| Amounts payable after more than one year | 17 | €72,962 | €56,108 | -€16,854 | -23.1% |
| Financial debts | 170/4 | €72,962 | €56,108 | -€16,854 | -23.1% |
| Amounts payable within one year | 42/48 | €519,098 | €570,226 | +€51,128 | +9.8% |
| Current portion of amounts payable after more than one year | 42 | €15,764 | €16,854 | +€1,090 | +6.9% |
| Financial debts | 43 | €119,509 | €141,245 | +€21,736 | +18.2% |
| Credit institutions | 430/8 | €119,509 | €141,245 | +€21,736 | +18.2% |
| Trade debts | 44 | €139,037 | €33,711 | -€105,326 | -75.8% |
| Suppliers | 440/4 | €139,037 | €33,711 | -€105,326 | -75.8% |
| Taxes, remuneration and social security | 45 | €3,671 | €0 | -€3,671 | -100.0% |
| Taxes | 450/3 | €3,671 | €0 | -€3,671 | -100.0% |
| Other amounts payable | 47/48 | €241,116 | €378,415 | +€137,299 | +56.9% |
| Accrued charges and deferred income | 492/3 | €677 | €782 | +€105 | +15.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,163 | €21,193 | +€18,030 | +570.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €5,892 | €7,831 | +€1,939 | +32.9% |
| Operating profit (loss) | 9901 | €2,341 | -€13,762 | -€16,104 | |
| Financial income | 75/76B | €41 | €1,043 | +€1,001 | +2413.5% |
| Recurring financial income | 75 | €41 | €1,043 | +€1,001 | +2413.5% |
| Financial charges | 65/66B | €21,288 | €22,622 | +€1,334 | +6.3% |
| Recurring financial charges | 65 | €21,288 | €22,622 | +€1,334 | +6.3% |
| Profit (loss) for the period before taxes | 9903 | -€18,905 | -€35,342 | -€16,436 | -86.9% |
| Profit (loss) for the period | 9904 | -€18,905 | -€35,342 | -€16,436 | -86.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,905 | -€35,342 | -€16,436 | -86.9% |
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 11 October 2026 via checked.be.