VH ARCHI: 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.
VH ARCHI
Largest movements
- Cash +€1,217
up €1,217 (+89.9%), from €1,354 to €2,571
mainly Tax, wage and social debts (+€754) and Other debts (+€701)
- Receivables within one year -€543
down €543 (-31.8%), from €1,708 to €1,165
of which Other amounts receivable: -€1,042
- Deferred charges and accrued income -€522
down €522 (-24.4%), from €2,140 to €1,618
- Tangible fixed assets -€320
down €320 (-24.0%), from €1,331 to €1,011
- Profit (loss) carried forward -€1,199
down €1,199 (-13.8%), from -€8,719 to -€9,918
- Tax, wage and social debts +€754
up €754 (+219%), from €345 to €1,099
- Other debts +€701
up €701 (+8.0%), from €8,789 to €9,490
- Accrued charges and deferred income -€582
no longer reported in 2025 (was €582)
- Trade debts +€158
up €158 (+6.3%), from €2,491 to €2,649
- Purchases and services -€17,099
down €17,099 (-36.0%), from €47,551 to €30,452
- Turnover -€11,094
down €11,094 (-29.9%), from €37,106 to €26,012
- Gross operating margin +€8,945
up €8,945, from -€6,992 to €1,953
- Other operating charges +€662
up €662 (+116%), from €570 to €1,232
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 | €6,533 | €6,365 | -€168 | -2.6% |
| Fixed assets | 21/28 | €1,331 | €1,011 | -€320 | -24.0% |
| Tangible fixed assets | 22/27 | €1,331 | €1,011 | -€320 | -24.0% |
| Other tangible fixed assets | 26 | €1,331 | €1,011 | -€320 | -24.0% |
| Current assets | 29/58 | €5,202 | €5,354 | +€152 | +2.9% |
| Amounts receivable within one year | 40/41 | €1,708 | €1,165 | -€543 | -31.8% |
| Trade receivables | 40 | €666 | €1,165 | +€499 | +74.9% |
| Other amounts receivable | 41 | €1,042 | - | -€1,042 | |
| Cash at bank and in hand | 54/58 | €1,354 | €2,571 | +€1,217 | +89.9% |
| Deferred charges and accrued income | 490/1 | €2,140 | €1,618 | -€522 | -24.4% |
| Total equity and liabilities | 10/49 | €6,533 | €6,365 | -€168 | -2.6% |
| Equity | 10/15 | -€5,719 | -€6,918 | -€1,199 | -21.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,719 | -€9,918 | -€1,199 | -13.8% |
| Amounts payable | 17/49 | €12,252 | €13,283 | +€1,031 | +8.4% |
| Amounts payable within one year | 42/48 | €11,670 | €13,283 | +€1,613 | +13.8% |
| Trade debts | 44 | €2,491 | €2,649 | +€158 | +6.3% |
| Suppliers | 440/4 | €2,491 | €2,649 | +€158 | +6.3% |
| Advances received on contracts in progress | 46 | €45 | €45 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €345 | €1,099 | +€754 | +219% |
| Taxes | 450/3 | €345 | €1,099 | +€754 | +219% |
| Other amounts payable | 47/48 | €8,789 | €9,490 | +€701 | +8.0% |
| Accrued charges and deferred income | 492/3 | €582 | - | -€582 | |
| Turnover | 70 | €37,106 | €26,012 | -€11,094 | -29.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €47,551 | €30,452 | -€17,099 | -36.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €269 | €320 | +€51 | +19.0% |
| Other operating charges | 640/8 | €570 | €1,232 | +€662 | +116% |
| Gross operating margin | 9900 | -€6,992 | €1,953 | +€8,945 | |
| Operating profit (loss) | 9901 | -€7,831 | €401 | +€8,232 | |
| Financial charges | 65/66B | €1,084 | €1,373 | +€289 | +26.7% |
| Recurring financial charges | 65 | €1,084 | €1,373 | +€289 | +26.7% |
| Profit (loss) for the period before taxes | 9903 | -€8,915 | -€972 | +€7,943 | +89.1% |
| Income taxes | 67/77 | €179 | €227 | +€48 | +26.8% |
| Profit (loss) for the period | 9904 | -€9,094 | -€1,199 | +€7,895 | +86.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,094 | -€1,199 | +€7,895 | +86.8% |
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 29 October 2026 via checked.be.