V.V.H.: 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.V.H.
Largest movements
- Receivables within one year -€96,266
down €96,266 (-93.0%), from €103,528 to €7,262
of which Other amounts receivable: -€101,879
- Cash +€51,295
up €51,295 (+9.8%), from €521,404 to €572,699
mainly Receivables within one year (+€96,266) and Depreciation (+€27,441)
- Tangible fixed assets -€27,441
down €27,441 (-30.2%), from €90,768 to €63,327
of which Furniture and vehicles: -€24,633
- Reserves -€75,100
down €75,100 (-10.0%), from €753,774 to €678,674
of which Distributable reserves: -€75,100
- Gross operating margin +€45,864
up €45,864, from -€15,680 to €30,184
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 | €731,881 | €659,469 | -€72,412 | -9.9% |
| Fixed assets | 21/28 | €106,949 | €79,508 | -€27,441 | -25.7% |
| Tangible fixed assets | 22/27 | €90,768 | €63,327 | -€27,441 | -30.2% |
| Furniture and vehicles | 24 | €85,508 | €60,875 | -€24,633 | -28.8% |
| Other tangible fixed assets | 26 | €5,260 | €2,452 | -€2,808 | -53.4% |
| Financial fixed assets | 28 | €16,181 | €16,181 | = | 0.0% |
| Current assets | 29/58 | €624,931 | €579,961 | -€44,971 | -7.2% |
| Amounts receivable within one year | 40/41 | €103,528 | €7,262 | -€96,266 | -93.0% |
| Trade receivables | 40 | €1,647 | €7,260 | +€5,613 | +341% |
| Other amounts receivable | 41 | €101,880 | €2 | -€101,879 | -100.0% |
| Cash at bank and in hand | 54/58 | €521,404 | €572,699 | +€51,295 | +9.8% |
| Total equity and liabilities | 10/49 | €731,881 | €659,469 | -€72,412 | -9.9% |
| Equity | 10/15 | €727,994 | €654,108 | -€73,886 | -10.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €753,774 | €678,674 | -€75,100 | -10.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Tax-exempt reserves | 132 | €17,298 | €17,298 | = | 0.0% |
| Distributable reserves | 133 | €734,621 | €659,521 | -€75,100 | -10.2% |
| Profit (loss) carried forward | 14 | -€44,330 | -€43,116 | +€1,214 | +2.7% |
| Amounts payable | 17/49 | €3,887 | €5,361 | +€1,474 | +37.9% |
| Amounts payable within one year | 42/48 | €3,887 | €5,361 | +€1,474 | +37.9% |
| Financial debts | 43 | €573 | €362 | -€211 | -36.8% |
| Credit institutions | 430/8 | €573 | €362 | -€211 | -36.8% |
| Trade debts | 44 | €1,112 | €812 | -€300 | -27.0% |
| Suppliers | 440/4 | €1,112 | €812 | -€300 | -27.0% |
| Taxes, remuneration and social security | 45 | - | €3,853 | +€3,853 | |
| Taxes | 450/3 | - | €3,853 | +€3,853 | |
| Other amounts payable | 47/48 | €2,202 | €335 | -€1,867 | -84.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,441 | €27,441 | = | 0.0% |
| Other operating charges | 640/8 | €1,142 | €1,257 | +€115 | +10.0% |
| Gross operating margin | 9900 | -€15,680 | €30,184 | +€45,864 | |
| Operating profit (loss) | 9901 | -€44,263 | €1,486 | +€45,749 | |
| Financial income | 75/76B | €2 | €0 | -€2 | -98.8% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -98.8% |
| Financial charges | 65/66B | €69 | €79 | +€10 | +13.8% |
| Recurring financial charges | 65 | €69 | €79 | +€10 | +13.8% |
| Profit (loss) for the period before taxes | 9903 | -€44,330 | €1,408 | +€45,738 | |
| Income taxes | 67/77 | €0 | €194 | +€194 | |
| Profit (loss) for the period | 9904 | -€44,330 | €1,214 | +€45,544 | |
| Profit (loss) for the period to be appropriated | 9905 | -€44,330 | €1,214 | +€45,544 |
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 15 October 2026 via checked.be.