VH Experience: what changed
Two fiscal 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 Experience
Largest movements
- Cash +€171,902
up €171,902 (+122.1%), from €140,844 to €312,746
mainly Net result for the year (+€124,776) and Receivables within one year (+€36,894)
- Receivables within one year -€36,894
down €36,894 (-100.0%), from €36,894 to €0
of which Trade receivables: -€27,500
- Tangible fixed assets +€19,806
up €19,806 (+393.2%), from €5,037 to €24,843
of which Furniture and vehicles: +€17,884
- Reserves +€112,407
up €112,407 (+83.1%), from €135,243 to €247,650
- Tax, wage and social debts +€25,980
up €25,980 (+54.1%), from €48,015 to €73,995
- Trade debts +€11,853
up €11,853 (+1955.6%), from €606 to €12,459
- Other debts +€3,849
new in 2025: €3,849
- Taxes +€13,257
up €13,257 (+33.1%), from €40,050 to €53,307
- Other operating charges -€6,447
down €6,447 (-78.1%), from €8,259 to €1,812
- Financial charges +€2,858
up €2,858 (+254.3%), from €1,124 to €3,982
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.
Cash bridge derived
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 | €184,863 | €339,089 | +€154,226 | +83.4% |
| Fixed assets | 21/28 | €5,037 | €24,843 | +€19,806 | +393.2% |
| Tangible fixed assets | 22/27 | €5,037 | €24,843 | +€19,806 | +393.2% |
| Plant, machinery and equipment | 23 | €5,037 | €4,476 | -€560 | -11.1% |
| Furniture and vehicles | 24 | - | €17,884 | +€17,884 | |
| Other tangible fixed assets | 26 | - | €2,482 | +€2,482 | |
| Current assets | 29/58 | €179,827 | €314,246 | +€134,420 | +74.7% |
| Amounts receivable within one year | 40/41 | €36,894 | €0 | -€36,894 | -100.0% |
| Trade receivables | 40 | €27,500 | €0 | -€27,500 | -100.0% |
| Other amounts receivable | 41 | €9,394 | €0 | -€9,394 | -100.0% |
| Cash at bank and in hand | 54/58 | €140,844 | €312,746 | +€171,902 | +122.1% |
| Deferred charges and accrued income | 490/1 | €2,089 | €1,500 | -€588 | -28.2% |
| Total equity and liabilities | 10/49 | €184,863 | €339,089 | +€154,226 | +83.4% |
| Equity | 10/15 | €136,243 | €248,650 | +€112,407 | +82.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €135,243 | €247,650 | +€112,407 | +83.1% |
| Distributable reserves | 133 | €135,243 | €247,650 | +€112,407 | +83.1% |
| Amounts payable | 17/49 | €48,621 | €90,439 | +€41,818 | +86.0% |
| Amounts payable within one year | 42/48 | €48,621 | €90,303 | +€41,682 | +85.7% |
| Trade debts | 44 | €606 | €12,459 | +€11,853 | +1955.6% |
| Suppliers | 440/4 | €606 | €12,459 | +€11,853 | +1955.6% |
| Taxes, remuneration and social security | 45 | €48,015 | €73,995 | +€25,980 | +54.1% |
| Taxes | 450/3 | €48,015 | €73,995 | +€25,980 | +54.1% |
| Other amounts payable | 47/48 | - | €3,849 | +€3,849 | |
| Accrued charges and deferred income | 492/3 | - | €136 | +€136 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €565 | €1,211 | +€646 | +114.3% |
| Other operating charges | 640/8 | €8,259 | €1,812 | -€6,447 | -78.1% |
| Gross operating margin | 9900 | €184,448 | €185,088 | +€640 | +0.3% |
| Operating profit (loss) | 9901 | €175,624 | €182,065 | +€6,441 | +3.7% |
| Financial income | 75/76B | €793 | €0 | -€793 | -100.0% |
| Recurring financial income | 75 | €793 | €0 | -€793 | -100.0% |
| Financial charges | 65/66B | €1,124 | €3,982 | +€2,858 | +254.3% |
| Recurring financial charges | 65 | €1,124 | €3,982 | +€2,858 | +254.3% |
| Profit (loss) for the period before taxes | 9903 | €175,292 | €178,083 | +€2,790 | +1.6% |
| Income taxes | 67/77 | €40,050 | €53,307 | +€13,257 | +33.1% |
| Profit (loss) for the period | 9904 | €135,243 | €124,776 | -€10,467 | -7.7% |
| Profit (loss) for the period to be appropriated | 9905 | €135,243 | €124,776 | -€10,467 | -7.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.