V2Hfin: 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.
V2Hfin
Largest movements
- Financial fixed assets +€2.0m
up €2.0m (+97.4%), from €2.1m to €4.1m
- Current investments +€260,156
up €260,156 (+16.5%), from €1.6m to €1.8m
- Receivables within one year -€204,501
down €204,501 (-67.3%), from €303,895 to €99,394
- Contributions +€2.0m
up €2.0m (+38.1%), from €5.3m to €7.3m
- Financial income -€62,827
down €62,827 (-34.3%), from €183,223 to €120,396
- Gross operating margin +€7,666
up €7,666 (+9.0%), from -€85,314 to -€77,648
- Other operating charges +€1,128
up €1,128 (+105%), from €1,076 to €2,204
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 | €4,958,789 | €7,000,793 | +€2.0m | +41.2% |
| Fixed assets | 21/28 | €2,065,548 | €4,077,548 | +€2.0m | +97.4% |
| Financial fixed assets | 28 | €2,065,548 | €4,077,548 | +€2.0m | +97.4% |
| Current assets | 29/58 | €2,893,241 | €2,923,245 | +€30,004 | +1.0% |
| Amounts receivable after more than one year | 29 | €952,000 | €907,813 | -€44,188 | -4.6% |
| Other amounts receivable | 291 | €952,000 | €907,813 | -€44,188 | -4.6% |
| Amounts receivable within one year | 40/41 | €303,895 | €99,394 | -€204,501 | -67.3% |
| Other amounts receivable | 41 | €303,895 | €99,394 | -€204,501 | -67.3% |
| Current investments | 50/53 | €1,575,004 | €1,835,159 | +€260,156 | +16.5% |
| Cash at bank and in hand | 54/58 | €31,988 | €32,165 | +€178 | +0.6% |
| Deferred charges and accrued income | 490/1 | €30,355 | €48,714 | +€18,359 | +60.5% |
| Total equity and liabilities | 10/49 | €4,958,789 | €7,000,793 | +€2.0m | +41.2% |
| Equity | 10/15 | €4,938,276 | €6,978,312 | +€2.0m | +41.3% |
| Contributions | 10/11 | €5,250,000 | €7,250,000 | +€2.0m | +38.1% |
| Profit (loss) carried forward | 14 | -€311,724 | -€271,688 | +€40,036 | +12.8% |
| Amounts payable | 17/49 | €20,513 | €22,481 | +€1,968 | +9.6% |
| Amounts payable within one year | 42/48 | €17,366 | €14,537 | -€2,829 | -16.3% |
| Trade debts | 44 | €17,250 | €14,537 | -€2,713 | -15.7% |
| Suppliers | 440/4 | €17,250 | €14,537 | -€2,713 | -15.7% |
| Other amounts payable | 47/48 | €116 | - | -€116 | |
| Accrued charges and deferred income | 492/3 | €3,148 | €7,944 | +€4,797 | +152% |
| Other operating charges | 640/8 | €1,076 | €2,204 | +€1,128 | +105% |
| Gross operating margin | 9900 | -€85,314 | -€77,648 | +€7,666 | +9.0% |
| Operating profit (loss) | 9901 | -€86,390 | -€79,852 | +€6,538 | +7.6% |
| Financial income | 75/76B | €183,223 | €120,396 | -€62,827 | -34.3% |
| Recurring financial income | 75 | €183,223 | €120,396 | -€62,827 | -34.3% |
| Financial charges | 65/66B | €607 | €508 | -€99 | -16.3% |
| Recurring financial charges | 65 | €607 | €508 | -€99 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | €96,226 | €40,036 | -€56,190 | -58.4% |
| Profit (loss) for the period | 9904 | €96,226 | €40,036 | -€56,190 | -58.4% |
| Profit (loss) for the period to be appropriated | 9905 | €96,226 | €40,036 | -€56,190 | -58.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.