V-HEALTH: 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-HEALTH
Largest movements
- Financial fixed assets -€330,000
down €330,000 (-100%), from €330,000 to €0
- Receivables after one year +€150,000
new in 2025: €150,000
- Current investments +€150,000
new in 2025: €150,000
- Cash +€20,085
up €20,085 (+184%), from €10,930 to €31,015
mainly Investment in fixed assets (net) (+€330,000) and Net result for the year (+€172,672)
- Reserves +€172,672
up €172,672 (+163%), from €105,757 to €278,429
- Debts after one year -€77,050
down €77,050 (-100%), from €77,050 to €0
- Current portion of long-term debt -€46,563
down €46,563 (-100%), from €46,563 to €0
- Other debts -€46,277
down €46,277 (-57.7%), from €80,161 to €33,884
- Tax, wage and social debts -€14,750
down €14,750 (-54.4%), from €27,104 to €12,353
- Gross operating margin +€159,139
up €159,139 (+466%), from €34,134 to €193,273
- Taxes +€8,127
up €8,127 (+77.0%), from €10,555 to €18,682
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 | €340,961 | €333,072 | -€7,890 | -2.3% |
| Fixed assets | 21/28 | €330,000 | €0 | -€330,000 | -100% |
| Financial fixed assets | 28 | €330,000 | €0 | -€330,000 | -100% |
| Current assets | 29/58 | €10,961 | €333,072 | +€322,110 | +2,939% |
| Amounts receivable after more than one year | 29 | - | €150,000 | +€150,000 | |
| Other amounts receivable | 291 | - | €150,000 | +€150,000 | |
| Amounts receivable within one year | 40/41 | €31 | €2,056 | +€2,026 | +6,560% |
| Trade receivables | 40 | €30 | €161 | +€131 | +438% |
| Other amounts receivable | 41 | €1 | €1,895 | +€1,894 | +215,244% |
| Current investments | 50/53 | - | €150,000 | +€150,000 | |
| Cash at bank and in hand | 54/58 | €10,930 | €31,015 | +€20,085 | +184% |
| Total equity and liabilities | 10/49 | €340,961 | €333,072 | -€7,890 | -2.3% |
| Equity | 10/15 | €107,757 | €280,429 | +€172,672 | +160% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €105,757 | €278,429 | +€172,672 | +163% |
| Distributable reserves | 133 | €105,757 | €278,429 | +€172,672 | +163% |
| Amounts payable | 17/49 | €233,204 | €52,643 | -€180,561 | -77.4% |
| Amounts payable after more than one year | 17 | €77,050 | €0 | -€77,050 | -100% |
| Financial debts | 170/4 | €77,050 | €0 | -€77,050 | -100% |
| Amounts payable within one year | 42/48 | €156,154 | €52,643 | -€103,511 | -66.3% |
| Current portion of amounts payable after more than one year | 42 | €46,563 | €0 | -€46,563 | -100% |
| Trade debts | 44 | €2,327 | €3,160 | +€834 | +35.8% |
| Suppliers | 440/4 | €2,327 | €3,160 | +€834 | +35.8% |
| Advances received on contracts in progress | 46 | - | €3,245 | +€3,245 | |
| Taxes, remuneration and social security | 45 | €27,104 | €12,353 | -€14,750 | -54.4% |
| Taxes | 450/3 | €27,104 | €12,353 | -€14,750 | -54.4% |
| Other amounts payable | 47/48 | €80,161 | €33,884 | -€46,277 | -57.7% |
| Other operating charges | 640/8 | €1,086 | €607 | -€479 | -44.1% |
| Gross operating margin | 9900 | €34,134 | €193,273 | +€159,139 | +466% |
| Operating profit (loss) | 9901 | €33,048 | €192,665 | +€159,618 | +483% |
| Financial income | 75/76B | €1 | €1,917 | +€1,916 | +149,653% |
| Recurring financial income | 75 | €1 | €1,917 | +€1,916 | +149,653% |
| Financial charges | 65/66B | €4,429 | €3,228 | -€1,201 | -27.1% |
| Recurring financial charges | 65 | €4,429 | €3,228 | -€1,201 | -27.1% |
| Profit (loss) for the period before taxes | 9903 | €28,620 | €191,354 | +€162,734 | +569% |
| Income taxes | 67/77 | €10,555 | €18,682 | +€8,127 | +77.0% |
| Profit (loss) for the period | 9904 | €18,065 | €172,672 | +€154,607 | +856% |
| Profit (loss) for the period to be appropriated | 9905 | €18,065 | €172,672 | +€154,607 | +856% |
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 26 October 2026 via checked.be.