V.H.M. GESTION: what changed
V.H.M. GESTION
Largest movements
- Cash +€969
up €969 (+82.2%), from €1,180 to €2,149
mainly Net result for the year (+€3,540) and Trade debts (+€4)
- Profit (loss) carried forward +€3,540
up €3,540 (+7.7%), from €46,263 to €49,803
- Tax, wage and social debts -€2,014
down €2,014 (-40.8%), from €4,931 to €2,917
of which Remuneration and social security: -€1,927
- Gross operating margin -€252
down €252 (-5.2%), from €4,879 to €4,627
- Taxes -€76
down €76 (-7.3%), from €1,041 to €965
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €59,441 | €60,970 | +€1,529 | +2.6% |
| Current assets | 29/58 | €59,441 | €60,970 | +€1,529 | +2.6% |
| Amounts receivable within one year | 40/41 | €56,264 | €56,824 | +€560 | +1.0% |
| Trade receivables | 40 | €56,264 | €56,824 | +€560 | +1.0% |
| Cash at bank and in hand | 54/58 | €1,180 | €2,149 | +€969 | +82.2% |
| Deferred charges and accrued income | 490/1 | €1,997 | €1,997 | = | 0.0% |
| Total equity and liabilities | 10/49 | €59,441 | €60,970 | +€1,529 | +2.6% |
| Equity | 10/15 | €54,320 | €57,860 | +€3,540 | +6.5% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,263 | €49,803 | +€3,540 | +7.7% |
| Amounts payable | 17/49 | €5,120 | €3,110 | -€2,010 | -39.3% |
| Amounts payable within one year | 42/48 | €5,120 | €3,110 | -€2,010 | -39.3% |
| Trade debts | 44 | €189 | €193 | +€4 | +2.1% |
| Suppliers | 440/4 | €189 | €193 | +€4 | +2.1% |
| Taxes, remuneration and social security | 45 | €4,931 | €2,917 | -€2,014 | -40.8% |
| Taxes | 450/3 | €3,004 | €2,917 | -€87 | -2.9% |
| Remuneration and social security | 454/9 | €1,927 | - | -€1,927 | |
| Other operating charges | 640/8 | €64 | €80 | +€16 | +25.4% |
| Gross operating margin | 9900 | €4,879 | €4,627 | -€252 | -5.2% |
| Operating profit (loss) | 9901 | €4,815 | €4,547 | -€269 | -5.6% |
| Financial charges | 65/66B | €40 | €42 | +€2 | +6.1% |
| Recurring financial charges | 65 | €40 | €42 | +€2 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | €4,776 | €4,505 | -€271 | -5.7% |
| Income taxes | 67/77 | €1,041 | €965 | -€76 | -7.3% |
| Profit (loss) for the period | 9904 | €3,734 | €3,540 | -€195 | -5.2% |
| Profit (loss) for the period to be appropriated | 9905 | €3,734 | €3,540 | -€195 | -5.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.