VH-Durbuy: what changed
What changed
VH-Durbuy
NACE 55.203, Holiday cottages, homes and apartments
filed annual accounts (NBB)
Net result for the year
-€234,643
2024 · -€150,138-€84,505
Equity
-€374,782
2024 · -€140,138-€234,643
Cash
€13,024
2024 · €197,529-€184,506
Balance sheet total
€3.5m
2024 · €3.7m-€214,248
Largest movements
Assets
- Cash -€184,506
down €184,506 (-93.4%), from €197,529 to €13,024
mainly Net result for the year (-€234,643) and Investment in fixed assets (net) (-€91,048)
- Tangible fixed assets -€52,010
down €52,010 (-1.5%), from €3.5m to €3.4m
of which Land and buildings: -€54,272
Equity and liabilities
- Profit (loss) carried forward -€234,643
down €234,643 (-156%), from -€150,138 to -€384,782
- Accrued charges and deferred income +€38,956
up €38,956 (+244%), from €15,945 to €54,901
Income statement
- Depreciation +€81,066
up €81,066 (+128%), from €63,462 to €144,528
- Financial charges +€44,537
up €44,537 (+129%), from €34,630 to €79,167
- Gross operating margin +€42,671
up €42,671 (+83.5%), from -€51,131 to -€8,460
- Other operating charges +€1,589
up €1,589 (+174%), from €916 to €2,505
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€150,138
Gross operating margin
+€42,671
Depreciation
-€81,066
Other operating charges
-€1,589
Financial income
+€16
Financial charges
-€44,537
Result 2025
-€234,643
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€71,309
Investment
-€91,048
Financing
-€22,148
Cash 2024
€197,529
From operations (derived)
-€71,309
Net result for the year
-€234,643
Depreciation
+€144,528
Receivables within one year
-€23,738
Trade debts
+€2,587
Other debts
+€1,000
Accrued charges and deferred income
+€38,956
Investment (derived)
-€91,048
Investment in fixed assets (net)
-€91,048
Financing
-€22,148
Debts after one year
-€24,173
Current portion of long-term debt
+€2,025
Cash 2025
€13,024
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,697,070 | €3,482,822 | -€214,248 | -5.8% |
| Fixed assets | 21/28 | €3,477,359 | €3,423,879 | -€53,480 | -1.5% |
| Intangible fixed assets | 21 | €7,015 | €5,545 | -€1,470 | -21.0% |
| Tangible fixed assets | 22/27 | €3,468,844 | €3,416,834 | -€52,010 | -1.5% |
| Land and buildings | 22 | €3,215,950 | €3,161,678 | -€54,272 | -1.7% |
| Plant, machinery and equipment | 23 | €134,222 | €129,447 | -€4,775 | -3.6% |
| Furniture and vehicles | 24 | €118,671 | €125,709 | +€7,038 | +5.9% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €219,711 | €58,943 | -€160,768 | -73.2% |
| Amounts receivable within one year | 40/41 | €22,181 | €45,919 | +€23,738 | +107% |
| Trade receivables | 40 | €6,531 | €1,933 | -€4,598 | -70.4% |
| Other amounts receivable | 41 | €15,650 | €43,986 | +€28,336 | +181% |
| Cash at bank and in hand | 54/58 | €197,529 | €13,024 | -€184,506 | -93.4% |
| Total equity and liabilities | 10/49 | €3,697,070 | €3,482,822 | -€214,248 | -5.8% |
| Equity | 10/15 | -€140,138 | -€374,782 | -€234,643 | -167% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€150,138 | -€384,782 | -€234,643 | -156% |
| Amounts payable | 17/49 | €3,837,208 | €3,857,604 | +€20,395 | +0.5% |
| Amounts payable after more than one year | 17 | €3,692,705 | €3,668,532 | -€24,173 | -0.7% |
| Financial debts | 170/4 | €3,692,705 | €3,668,532 | -€24,173 | -0.7% |
| Amounts payable within one year | 42/48 | €128,558 | €134,170 | +€5,613 | +4.4% |
| Current portion of amounts payable after more than one year | 42 | €49,648 | €51,673 | +€2,025 | +4.1% |
| Trade debts | 44 | €69,910 | €72,497 | +€2,587 | +3.7% |
| Suppliers | 440/4 | €69,910 | €72,497 | +€2,587 | +3.7% |
| Other amounts payable | 47/48 | €9,000 | €10,000 | +€1,000 | +11.1% |
| Accrued charges and deferred income | 492/3 | €15,945 | €54,901 | +€38,956 | +244% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,462 | €144,528 | +€81,066 | +128% |
| Other operating charges | 640/8 | €916 | €2,505 | +€1,589 | +174% |
| Gross operating margin | 9900 | -€51,131 | -€8,460 | +€42,671 | +83.5% |
| Operating profit (loss) | 9901 | -€115,508 | -€155,493 | -€39,984 | -34.6% |
| Financial income | 75/76B | - | €16 | +€16 | |
| Recurring financial income | 75 | - | €16 | +€16 | |
| Financial charges | 65/66B | €34,630 | €79,167 | +€44,537 | +129% |
| Recurring financial charges | 65 | €34,630 | €79,167 | +€44,537 | +129% |
| Profit (loss) for the period before taxes | 9903 | -€150,138 | -€234,643 | -€84,505 | -56.3% |
| Profit (loss) for the period | 9904 | -€150,138 | -€234,643 | -€84,505 | -56.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€150,138 | -€234,643 | -€84,505 | -56.3% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.