VH Auctions: 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 Auctions
Largest movements
- Cash +€127,773
up €127,773 (+12.1%), from €1.1m to €1.2m
mainly Net result for the year (+€1.7m) and Depreciation (+€91,835)
- Tax, wage and social debts +€85,502
up €85,502 (+74.8%), from €114,362 to €199,864
of which Taxes: +€55,903
- Reserves +€84,026
up €84,026 (+7.0%), from €1.2m to €1.3m
- Trade debts -€23,171
down €23,171 (-57.3%), from €40,439 to €17,268
- Gross operating margin +€1.3m
up €1.3m (+61.1%), from €2.1m to €3.5m
- Taxes +€275,561
up €275,561 (+85.7%), from €321,394 to €596,955
- Staff costs +€194,119
up €194,119 (+24.5%), from €793,492 to €987,611
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 | €1,376,174 | €1,520,383 | +€144,210 | +10.5% |
| Fixed assets | 21/28 | €245,267 | €245,971 | +€704 | +0.3% |
| Tangible fixed assets | 22/27 | €244,751 | €245,455 | +€704 | +0.3% |
| Plant, machinery and equipment | 23 | €25,811 | €61,715 | +€35,904 | +139% |
| Furniture and vehicles | 24 | €218,940 | €183,740 | -€35,200 | -16.1% |
| Financial fixed assets | 28 | €516 | €516 | = | 0.0% |
| Current assets | 29/58 | €1,130,907 | €1,274,413 | +€143,505 | +12.7% |
| Amounts receivable within one year | 40/41 | €47,229 | €55,150 | +€7,921 | +16.8% |
| Trade receivables | 40 | €33,489 | €27,211 | -€6,278 | -18.7% |
| Other amounts receivable | 41 | €13,740 | €27,939 | +€14,199 | +103% |
| Cash at bank and in hand | 54/58 | €1,055,449 | €1,183,222 | +€127,773 | +12.1% |
| Deferred charges and accrued income | 490/1 | €28,230 | €36,041 | +€7,811 | +27.7% |
| Total equity and liabilities | 10/49 | €1,376,174 | €1,520,383 | +€144,210 | +10.5% |
| Equity | 10/15 | €1,219,226 | €1,303,251 | +€84,026 | +6.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,200,626 | €1,284,651 | +€84,026 | +7.0% |
| Distributable reserves | 133 | €1,200,626 | €1,284,651 | +€84,026 | +7.0% |
| Amounts payable | 17/49 | €156,948 | €217,132 | +€60,184 | +38.3% |
| Amounts payable within one year | 42/48 | €156,948 | €217,132 | +€60,184 | +38.3% |
| Trade debts | 44 | €40,439 | €17,268 | -€23,171 | -57.3% |
| Suppliers | 440/4 | €40,439 | €17,268 | -€23,171 | -57.3% |
| Advances received on contracts in progress | 46 | €2,148 | - | -€2,148 | |
| Taxes, remuneration and social security | 45 | €114,362 | €199,864 | +€85,502 | +74.8% |
| Taxes | 450/3 | €32,037 | €87,939 | +€55,903 | +174% |
| Remuneration and social security | 454/9 | €82,325 | €111,925 | +€29,599 | +36.0% |
| Remuneration, social security and pensions | 62 | €793,492 | €987,611 | +€194,119 | +24.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,188 | €91,835 | +€10,647 | +13.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €22,618 | €31,151 | +€8,533 | +37.7% |
| Other operating charges | 640/8 | €7,104 | €8,979 | +€1,875 | +26.4% |
| Non-recurring operating charges | 66A | €445 | - | -€445 | |
| Gross operating margin | 9900 | €2,142,956 | €3,452,626 | +€1.3m | +61.1% |
| Operating profit (loss) | 9901 | €1,238,109 | €2,333,051 | +€1.1m | +88.4% |
| Financial income | 75/76B | €10,055 | €11,463 | +€1,408 | +14.0% |
| Recurring financial income | 75 | €10,055 | €11,463 | +€1,408 | +14.0% |
| Financial charges | 65/66B | €13,957 | €13,533 | -€424 | -3.0% |
| Recurring financial charges | 65 | €1,037 | €381 | -€656 | -63.2% |
| Non-recurring financial charges | 66B | €12,921 | €13,153 | +€232 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | €1,234,207 | €2,330,980 | +€1.1m | +88.9% |
| Income taxes | 67/77 | €321,394 | €596,955 | +€275,561 | +85.7% |
| Profit (loss) for the period | 9904 | €912,813 | €1,734,026 | +€821,213 | +90.0% |
| Profit (loss) for the period to be appropriated | 9905 | €912,813 | €1,734,026 | +€821,213 | +90.0% |
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 22 October 2026 via checked.be.