V hout: 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 hout
Largest movements
- Tangible fixed assets -€18,179
down €18,179 (-25.5%), from €71,392 to €53,214
of which Furniture and vehicles: -€11,124
- Receivables after one year -€18,000
down €18,000 (-18.0%), from €100,000 to €82,000
- Receivables within one year -€10,624
down €10,624 (-50.6%), from €20,989 to €10,365
of which Trade receivables: -€8,084
- Debts after one year -€36,070
down €36,070 (-24.7%), from €146,146 to €110,076
- Tax, wage and social debts -€13,338
down €13,338 (-49.5%), from €26,961 to €13,623
of which Taxes: -€8,809
- Other debts +€10,903
up €10,903 (+1,197%), from €911 to €11,814
- Current portion of long-term debt -€6,950
down €6,950 (-16.2%), from €43,020 to €36,070
- Gross operating margin -€8,599
down €8,599 (-14.5%), from €59,432 to €50,834
- Depreciation +€5,605
up €5,605 (+44.6%), from €12,574 to €18,179
- Taxes -€3,454
down €3,454 (-29.5%), from €11,691 to €8,237
- Financial charges -€760
down €760 (-8.3%), from €9,106 to €8,346
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 | €394,858 | €349,152 | -€45,706 | -11.6% |
| Fixed assets | 21/28 | €271,692 | €253,514 | -€18,179 | -6.7% |
| Tangible fixed assets | 22/27 | €71,392 | €53,214 | -€18,179 | -25.5% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €37,525 | €26,402 | -€11,124 | -29.6% |
| Leasing and similar rights | 25 | €33,867 | €26,812 | -€7,055 | -20.8% |
| Financial fixed assets | 28 | €200,300 | €200,300 | = | 0.0% |
| Current assets | 29/58 | €123,165 | €95,638 | -€27,527 | -22.3% |
| Amounts receivable after more than one year | 29 | €100,000 | €82,000 | -€18,000 | -18.0% |
| Other amounts receivable | 291 | €100,000 | €82,000 | -€18,000 | -18.0% |
| Amounts receivable within one year | 40/41 | €20,989 | €10,365 | -€10,624 | -50.6% |
| Trade receivables | 40 | €18,449 | €10,365 | -€8,084 | -43.8% |
| Other amounts receivable | 41 | €2,541 | €0 | -€2,541 | -100% |
| Cash at bank and in hand | 54/58 | €158 | €2,065 | +€1,907 | +1,207% |
| Deferred charges and accrued income | 490/1 | €2,018 | €1,208 | -€810 | -40.1% |
| Total equity and liabilities | 10/49 | €394,858 | €349,152 | -€45,706 | -11.6% |
| Equity | 10/15 | €171,987 | €168,898 | -€3,089 | -1.8% |
| Contributions | 10/11 | €1,650 | €1,650 | = | 0.0% |
| Reserves | 13 | €170,337 | €167,248 | -€3,089 | -1.8% |
| Distributable reserves | 133 | €170,337 | €167,248 | -€3,089 | -1.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €222,870 | €180,253 | -€42,617 | -19.1% |
| Amounts payable after more than one year | 17 | €146,146 | €110,076 | -€36,070 | -24.7% |
| Financial debts | 170/4 | €146,146 | €110,076 | -€36,070 | -24.7% |
| Amounts payable within one year | 42/48 | €75,821 | €70,178 | -€5,643 | -7.4% |
| Current portion of amounts payable after more than one year | 42 | €43,020 | €36,070 | -€6,950 | -16.2% |
| Trade debts | 44 | €4,929 | €8,671 | +€3,742 | +75.9% |
| Suppliers | 440/4 | €4,929 | €8,671 | +€3,742 | +75.9% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €26,961 | €13,623 | -€13,338 | -49.5% |
| Taxes | 450/3 | €22,432 | €13,623 | -€8,809 | -39.3% |
| Remuneration and social security | 454/9 | €4,529 | €0 | -€4,529 | -100% |
| Other amounts payable | 47/48 | €911 | €11,814 | +€10,903 | +1,197% |
| Accrued charges and deferred income | 492/3 | €904 | €0 | -€904 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,574 | €18,179 | +€5,605 | +44.6% |
| Other operating charges | 640/8 | €2,579 | €2,210 | -€370 | -14.3% |
| Gross operating margin | 9900 | €59,432 | €50,834 | -€8,599 | -14.5% |
| Operating profit (loss) | 9901 | €44,279 | €30,446 | -€13,834 | -31.2% |
| Financial income | 75/76B | €2,265 | €1,865 | -€400 | -17.7% |
| Recurring financial income | 75 | €2,265 | €1,865 | -€400 | -17.7% |
| Financial charges | 65/66B | €9,106 | €8,346 | -€760 | -8.3% |
| Recurring financial charges | 65 | €9,106 | €8,346 | -€760 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €37,438 | €23,964 | -€13,474 | -36.0% |
| Income taxes | 67/77 | €11,691 | €8,237 | -€3,454 | -29.5% |
| Profit (loss) for the period | 9904 | €25,747 | €15,727 | -€10,020 | -38.9% |
| Profit (loss) for the period to be appropriated | 9905 | €25,747 | €15,727 | -€10,020 | -38.9% |
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 17 October 2026 via checked.be.