VV PRINT: 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.
VV PRINT
Largest movements
- Receivables within one year -€55,101
down €55,101 (-45.7%), from €120,599 to €65,498
of which Other amounts receivable: -€52,364
- Tangible fixed assets +€25,388
up €25,388 (+33.9%), from €74,971 to €100,358
of which Plant, machinery and equipment: +€41,800
- Cash +€7,846
up €7,846 (+4.3%), from €182,034 to €189,880
mainly Receivables within one year (+€55,101) and Depreciation (+€33,613)
- Profit (loss) carried forward -€25,399
down €25,399 (-7.8%), from €324,248 to €298,849
- Gross operating margin +€8,090
up €8,090 (+26.9%), from €30,107 to €38,197
- Other operating charges +€4,079
new in 2025: €4,079
- Depreciation +€2,035
up €2,035 (+6.4%), from €31,577 to €33,613
- Staff costs -€1,752
down €1,752 (-6.7%), from €26,261 to €24,509
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 | €405,304 | €383,436 | -€21,868 | -5.4% |
| Fixed assets | 21/28 | €74,971 | €100,358 | +€25,388 | +33.9% |
| Tangible fixed assets | 22/27 | €74,971 | €100,358 | +€25,388 | +33.9% |
| Land and buildings | 22 | €0 | €0 | = | 0.0% |
| Plant, machinery and equipment | 23 | €800 | €42,600 | +€41,800 | +5225.2% |
| Furniture and vehicles | 24 | €74,171 | €57,758 | -€16,413 | -22.1% |
| Current assets | 29/58 | €330,333 | €283,077 | -€47,255 | -14.3% |
| Stocks and contracts in progress | 3 | €16,500 | €16,500 | = | 0.0% |
| Stocks | 30/36 | €16,500 | €16,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €120,599 | €65,498 | -€55,101 | -45.7% |
| Trade receivables | 40 | €68,235 | €65,498 | -€2,738 | -4.0% |
| Other amounts receivable | 41 | €52,364 | - | -€52,364 | |
| Current investments | 50/53 | €11,200 | €11,200 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €182,034 | €189,880 | +€7,846 | +4.3% |
| Total equity and liabilities | 10/49 | €405,304 | €383,436 | -€21,868 | -5.4% |
| Equity | 10/15 | €394,708 | €369,309 | -€25,399 | -6.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €51,860 | €51,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €324,248 | €298,849 | -€25,399 | -7.8% |
| Amounts payable | 17/49 | €10,595 | €14,127 | +€3,532 | +33.3% |
| Amounts payable within one year | 42/48 | €10,595 | €14,127 | +€3,532 | +33.3% |
| Trade debts | 44 | €3,631 | €5,072 | +€1,441 | +39.7% |
| Suppliers | 440/4 | €3,631 | €5,072 | +€1,441 | +39.7% |
| Taxes, remuneration and social security | 45 | €6,964 | €9,055 | +€2,091 | +30.0% |
| Taxes | 450/3 | €6,964 | €9,055 | +€2,091 | +30.0% |
| Remuneration, social security and pensions | 62 | €26,261 | €24,509 | -€1,752 | -6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,577 | €33,613 | +€2,035 | +6.4% |
| Other operating charges | 640/8 | - | €4,079 | +€4,079 | |
| Gross operating margin | 9900 | €30,107 | €38,197 | +€8,090 | +26.9% |
| Operating profit (loss) | 9901 | -€27,731 | -€24,004 | +€3,727 | +13.4% |
| Financial charges | 65/66B | €1,273 | €1,046 | -€227 | -17.8% |
| Recurring financial charges | 65 | €1,273 | €1,046 | -€227 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | -€29,004 | -€25,051 | +€3,954 | +13.6% |
| Income taxes | 67/77 | €621 | €349 | -€272 | -43.9% |
| Profit (loss) for the period | 9904 | -€29,626 | -€25,399 | +€4,226 | +14.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,626 | -€25,399 | +€4,226 | +14.3% |
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 29 September 2026 via checked.be.