VTX 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.
VTX Design
Largest movements
- Tangible fixed assets +€37,215
up €37,215 (+360%), from €10,324 to €47,539
of which Furniture and vehicles: +€37,202
- Cash -€34,889
down €34,889 (-26.9%), from €129,759 to €94,870
mainly Contributions, distributions and other (-€77,000) and Investment in fixed assets (net) (-€48,505)
- Receivables within one year -€15,263
down €15,263 (-27.1%), from €56,338 to €41,075
of which Other amounts receivable: -€12,917
- Current investments +€6,707
up €6,707 (+11.8%), from €56,842 to €63,549
- Deferred charges and accrued income +€4,849
up €4,849 (+592%), from €819 to €5,668
- Reserves -€25,487
down €25,487 (-10.6%), from €240,426 to €214,940
- Other debts +€20,391
up €20,391, from €0 to €20,391
- Tax, wage and social debts +€3,820
up €3,820 (+47.8%), from €7,998 to €11,818
of which Taxes: +€3,820
- Financial income +€12,410
up €12,410 (+530%), from €2,343 to €14,753
- Depreciation +€8,076
up €8,076 (+251%), from €3,214 to €11,290
- Taxes +€4,659
up €4,659 (+30.3%), from €15,387 to €20,045
- Financial charges +€4,007
up €4,007 (+2,373%), from €169 to €4,176
- Gross operating margin +€849
up €849 (+1.2%), from €72,513 to €73,362
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 | €254,082 | €252,702 | -€1,381 | -0.5% |
| Fixed assets | 21/28 | €10,324 | €47,539 | +€37,215 | +360% |
| Tangible fixed assets | 22/27 | €10,324 | €47,539 | +€37,215 | +360% |
| Plant, machinery and equipment | 23 | €534 | €1,643 | +€1,110 | +208% |
| Furniture and vehicles | 24 | €8,053 | €45,255 | +€37,202 | +462% |
| Other tangible fixed assets | 26 | €1,737 | €641 | -€1,096 | -63.1% |
| Current assets | 29/58 | €243,759 | €205,163 | -€38,596 | -15.8% |
| Amounts receivable within one year | 40/41 | €56,338 | €41,075 | -€15,263 | -27.1% |
| Trade receivables | 40 | €32,340 | €29,994 | -€2,346 | -7.3% |
| Other amounts receivable | 41 | €23,998 | €11,081 | -€12,917 | -53.8% |
| Current investments | 50/53 | €56,842 | €63,549 | +€6,707 | +11.8% |
| Cash at bank and in hand | 54/58 | €129,759 | €94,870 | -€34,889 | -26.9% |
| Deferred charges and accrued income | 490/1 | €819 | €5,668 | +€4,849 | +592% |
| Total equity and liabilities | 10/49 | €254,082 | €252,702 | -€1,381 | -0.5% |
| Equity | 10/15 | €243,426 | €217,940 | -€25,487 | -10.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €240,426 | €214,940 | -€25,487 | -10.6% |
| Distributable reserves | 133 | €240,426 | €214,940 | -€25,487 | -10.6% |
| Amounts payable | 17/49 | €10,656 | €34,762 | +€24,106 | +226% |
| Amounts payable within one year | 42/48 | €10,656 | €34,762 | +€24,106 | +226% |
| Trade debts | 44 | €2,658 | €2,554 | -€104 | -3.9% |
| Suppliers | 440/4 | €2,658 | €2,554 | -€104 | -3.9% |
| Taxes, remuneration and social security | 45 | €7,998 | €11,818 | +€3,820 | +47.8% |
| Taxes | 450/3 | €7,998 | €11,818 | +€3,820 | +47.8% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €0 | €20,391 | +€20,391 | |
| Turnover | 70 | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,214 | €11,290 | +€8,076 | +251% |
| Other operating charges | 640/8 | €1,086 | €1,090 | +€5 | +0.4% |
| Gross operating margin | 9900 | €72,513 | €73,362 | +€849 | +1.2% |
| Operating profit (loss) | 9901 | €68,213 | €60,982 | -€7,231 | -10.6% |
| Financial income | 75/76B | €2,343 | €14,753 | +€12,410 | +530% |
| Recurring financial income | 75 | €2,343 | €14,753 | +€12,410 | +530% |
| Financial charges | 65/66B | €169 | €4,176 | +€4,007 | +2,373% |
| Recurring financial charges | 65 | €169 | €4,176 | +€4,007 | +2,373% |
| Profit (loss) for the period before taxes | 9903 | €70,387 | €71,559 | +€1,171 | +1.7% |
| Income taxes | 67/77 | €15,387 | €20,045 | +€4,659 | +30.3% |
| Profit (loss) for the period | 9904 | €55,000 | €51,513 | -€3,487 | -6.3% |
| Profit (loss) for the period to be appropriated | 9905 | €55,000 | €51,513 | -€3,487 | -6.3% |
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 28 October 2026 via checked.be.