V.H.M. Conseil: 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.H.M. Conseil
Largest movements
- Tangible fixed assets -€7,038
down €7,038 (-4.8%), from €146,389 to €139,351
of which Land and buildings: -€7,532
- Debts after one year -€15,965
down €15,965 (-41.9%), from €38,140 to €22,175
- Profit (loss) carried forward +€5,739
up €5,739 (+1.6%), from €352,042 to €357,782
- Taxes +€1,028
up €1,028 (+87.5%), from €1,175 to €2,203
- Financial charges -€531
down €531 (-23.5%), from €2,262 to €1,730
- Gross operating margin +€494
up €494 (+2.4%), from €20,513 to €21,006
- Depreciation -€224
down €224 (-2.8%), from €7,956 to €7,733
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 | €414,586 | €404,975 | -€9,612 | -2.3% |
| Fixed assets | 21/28 | €146,389 | €139,351 | -€7,038 | -4.8% |
| Tangible fixed assets | 22/27 | €146,389 | €139,351 | -€7,038 | -4.8% |
| Land and buildings | 22 | €146,389 | €138,857 | -€7,532 | -5.1% |
| Furniture and vehicles | 24 | - | €494 | +€494 | |
| Current assets | 29/58 | €268,197 | €265,624 | -€2,574 | -1.0% |
| Amounts receivable within one year | 40/41 | €4,068 | €75 | -€3,993 | -98.2% |
| Trade receivables | 40 | €3,993 | - | -€3,993 | |
| Other amounts receivable | 41 | €75 | €75 | +€0 | 0.0% |
| Current investments | 50/53 | €102,247 | €102,247 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €161,413 | €163,302 | +€1,889 | +1.2% |
| Deferred charges and accrued income | 490/1 | €470 | - | -€470 | |
| Total equity and liabilities | 10/49 | €414,586 | €404,975 | -€9,612 | -2.3% |
| Equity | 10/15 | €359,542 | €365,282 | +€5,739 | +1.6% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €352,042 | €357,782 | +€5,739 | +1.6% |
| Amounts payable | 17/49 | €55,044 | €39,693 | -€15,351 | -27.9% |
| Amounts payable after more than one year | 17 | €38,140 | €22,175 | -€15,965 | -41.9% |
| Financial debts | 170/4 | €38,140 | €22,175 | -€15,965 | -41.9% |
| Amounts payable within one year | 42/48 | €16,904 | €17,518 | +€614 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €15,415 | €15,965 | +€550 | +3.6% |
| Trade debts | 44 | - | €81 | +€81 | |
| Suppliers | 440/4 | - | €81 | +€81 | |
| Taxes, remuneration and social security | 45 | €788 | €594 | -€193 | -24.6% |
| Taxes | 450/3 | €788 | €594 | -€193 | -24.6% |
| Other amounts payable | 47/48 | €702 | €878 | +€176 | +25.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,956 | €7,733 | -€224 | -2.8% |
| Other operating charges | 640/8 | €3,471 | €3,601 | +€130 | +3.7% |
| Gross operating margin | 9900 | €20,513 | €21,006 | +€494 | +2.4% |
| Operating profit (loss) | 9901 | €9,085 | €9,673 | +€588 | +6.5% |
| Financial charges | 65/66B | €2,262 | €1,730 | -€531 | -23.5% |
| Recurring financial charges | 65 | €2,262 | €1,730 | -€531 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | €6,823 | €7,942 | +€1,119 | +16.4% |
| Income taxes | 67/77 | €1,175 | €2,203 | +€1,028 | +87.5% |
| Profit (loss) for the period | 9904 | €5,648 | €5,739 | +€91 | +1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,648 | €5,739 | +€91 | +1.6% |
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 30 October 2026 via checked.be.