V - A Holding: 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.
V - A Holding
Largest movements
- Deferred charges and accrued income -€192,500
down €192,500 (-91.7%), from €210,000 to €17,500
- Other debts -€193,034
down €193,034 (-13.1%), from €1.5m to €1.3m
- Financial income +€352,000
up €352,000, from €0 to €352,000
- Other operating charges +€10,306
up €10,306 (+8,962%), from €115 to €10,421
- Financial charges +€6,767
up €6,767 (+1,391%), from €487 to €7,254
- Gross operating margin +€1,114
up €1,114, from -€724 to €390
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 | €13,654,293 | €13,461,473 | -€192,820 | -1.4% |
| Fixed assets | 21/28 | €13,440,570 | €13,440,570 | = | 0.0% |
| Financial fixed assets | 28 | €13,440,570 | €13,440,570 | = | 0.0% |
| Current assets | 29/58 | €213,722 | €20,902 | -€192,820 | -90.2% |
| Amounts receivable within one year | 40/41 | €82 | €3,000 | +€2,918 | +3,545% |
| Trade receivables | 40 | €0 | €3,000 | +€3,000 | |
| Other amounts receivable | 41 | €82 | €0 | -€82 | -100% |
| Cash at bank and in hand | 54/58 | €3,640 | €402 | -€3,238 | -89.0% |
| Deferred charges and accrued income | 490/1 | €210,000 | €17,500 | -€192,500 | -91.7% |
| Total equity and liabilities | 10/49 | €13,654,293 | €13,461,473 | -€192,820 | -1.4% |
| Equity | 10/15 | €10,177,053 | €10,177,268 | +€214 | 0.0% |
| Contributions | 10/11 | €1,102,100 | €1,102,100 | = | 0.0% |
| Capital | 10 | €1,102,100 | €1,102,100 | = | 0.0% |
| Issued capital | 100 | €1,102,100 | €1,102,100 | = | 0.0% |
| Revaluation surpluses | 12 | €4,095,492 | €4,095,492 | = | 0.0% |
| Reserves | 13 | €4,477,365 | €4,477,365 | = | 0.0% |
| Non-distributable reserves | 130/1 | €386,433 | €386,433 | = | 0.0% |
| Legal reserve | 130 | €386,433 | €386,433 | = | 0.0% |
| Distributable reserves | 133 | €4,090,932 | €4,090,932 | = | 0.0% |
| Profit (loss) carried forward | 14 | €502,095 | €502,309 | +€214 | 0.0% |
| Amounts payable | 17/49 | €3,477,239 | €3,284,205 | -€193,034 | -5.6% |
| Amounts payable after more than one year | 17 | €2,000,000 | €2,000,000 | = | 0.0% |
| Financial debts | 170/4 | €2,000,000 | €2,000,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,477,239 | €1,284,205 | -€193,034 | -13.1% |
| Other amounts payable | 47/48 | €1,477,239 | €1,284,205 | -€193,034 | -13.1% |
| Other operating charges | 640/8 | €115 | €10,421 | +€10,306 | +8,962% |
| Gross operating margin | 9900 | -€724 | €390 | +€1,114 | |
| Operating profit (loss) | 9901 | -€839 | -€10,032 | -€9,193 | -1,095% |
| Financial income | 75/76B | €0 | €352,000 | +€352,000 | |
| Recurring financial income | 75 | €0 | €352,000 | +€352,000 | |
| Financial charges | 65/66B | €487 | €7,254 | +€6,767 | +1,391% |
| Recurring financial charges | 65 | €487 | €7,254 | +€6,767 | +1,391% |
| Profit (loss) for the period before taxes | 9903 | -€1,326 | €334,714 | +€336,040 | |
| Profit (loss) for the period | 9904 | -€1,326 | €334,714 | +€336,040 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,326 | €334,714 | +€336,040 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.