VW Designs: 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.
VW Designs
Largest movements
- Stocks and contracts +€76,300
up €76,300 (+21.8%), from €350,001 to €426,301
- Cash -€20,406
down €20,406 (-86.7%), from €23,544 to €3,137
mainly Stocks and contracts (-€76,300) and Accrued charges and deferred income (-€20,142)
- Tangible fixed assets -€6,106
down €6,106 (-20.0%), from €30,530 to €24,424
of which Furniture and vehicles: -€5,678
- Trade debts +€56,000
up €56,000 (+428%), from €13,092 to €69,091
- Other debts +€20,174
up €20,174 (+11.9%), from €168,895 to €189,069
- Accrued charges and deferred income -€20,142
down €20,142 (-40.1%), from €50,259 to €30,117
- Debts after one year -€11,295
down €11,295 (-53.3%), from €21,202 to €9,907
- Current portion of long-term debt +€5,726
new in 2024: €5,726
- Gross operating margin +€11,780
up €11,780 (+120%), from €9,849 to €21,630
- Depreciation +€6,106
new in 2024: €6,106
- Financial charges +€4,142
up €4,142 (+48.3%), from €8,568 to €12,710
- Other operating charges +€998
up €998 (+79.2%), from €1,261 to €2,259
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €447,068 | €498,086 | +€51,018 | +11.4% |
| Fixed assets | 21/28 | €30,530 | €24,424 | -€6,106 | -20.0% |
| Tangible fixed assets | 22/27 | €30,530 | €24,424 | -€6,106 | -20.0% |
| Plant, machinery and equipment | 23 | €2,141 | €1,713 | -€428 | -20.0% |
| Furniture and vehicles | 24 | €28,388 | €22,711 | -€5,678 | -20.0% |
| Current assets | 29/58 | €416,538 | €473,663 | +€57,124 | +13.7% |
| Stocks and contracts in progress | 3 | €350,001 | €426,301 | +€76,300 | +21.8% |
| Stocks | 30/36 | €350,001 | €426,301 | +€76,300 | +21.8% |
| Amounts receivable within one year | 40/41 | €42,994 | €44,224 | +€1,230 | +2.9% |
| Trade receivables | 40 | €34,530 | €22,117 | -€12,413 | -35.9% |
| Other amounts receivable | 41 | €8,464 | €22,107 | +€13,643 | +161% |
| Cash at bank and in hand | 54/58 | €23,544 | €3,137 | -€20,406 | -86.7% |
| Total equity and liabilities | 10/49 | €447,068 | €498,086 | +€51,018 | +11.4% |
| Equity | 10/15 | €18,621 | €19,176 | +€555 | +3.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €21 | €576 | +€555 | +2,640% |
| Distributable reserves | 133 | €21 | €576 | +€555 | +2,640% |
| Amounts payable | 17/49 | €428,447 | €478,911 | +€50,464 | +11.8% |
| Amounts payable after more than one year | 17 | €21,202 | €9,907 | -€11,295 | -53.3% |
| Financial debts | 170/4 | €21,202 | €9,907 | -€11,295 | -53.3% |
| Amounts payable within one year | 42/48 | €356,987 | €438,887 | +€81,900 | +22.9% |
| Current portion of amounts payable after more than one year | 42 | - | €5,726 | +€5,726 | |
| Financial debts | 43 | €175,000 | €175,000 | = | 0.0% |
| Credit institutions | 430/8 | €175,000 | €175,000 | = | 0.0% |
| Trade debts | 44 | €13,092 | €69,091 | +€56,000 | +428% |
| Suppliers | 440/4 | €13,092 | €69,091 | +€56,000 | +428% |
| Other amounts payable | 47/48 | €168,895 | €189,069 | +€20,174 | +11.9% |
| Accrued charges and deferred income | 492/3 | €50,259 | €30,117 | -€20,142 | -40.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €6,106 | +€6,106 | |
| Other operating charges | 640/8 | €1,261 | €2,259 | +€998 | +79.2% |
| Gross operating margin | 9900 | €9,849 | €21,630 | +€11,780 | +120% |
| Operating profit (loss) | 9901 | €8,589 | €13,265 | +€4,676 | +54.4% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €8,568 | €12,710 | +€4,142 | +48.3% |
| Recurring financial charges | 65 | €8,568 | €12,710 | +€4,142 | +48.3% |
| Profit (loss) for the period before taxes | 9903 | €21 | €555 | +€534 | +2,540% |
| Profit (loss) for the period | 9904 | €21 | €555 | +€534 | +2,540% |
| Profit (loss) for the period to be appropriated | 9905 | €21 | €555 | +€534 | +2,540% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.