Vh familly: 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 familly
Largest movements
- Receivables within one year +€84,558
up €84,558 (+96.0%), from €88,062 to €172,621
of which Trade receivables: +€123,570
- Tangible fixed assets +€12,855
up €12,855 (+12.7%), from €101,582 to €114,438
of which Furniture and vehicles: +€14,744
- Cash +€9,595
up €9,595 (+70.7%), from €13,564 to €23,159
mainly Trade debts (+€58,315) and Depreciation (+€55,298)
- Deferred charges and accrued income -€3,731
no longer reported in 2024 (was €3,731)
- Trade debts +€58,315
up €58,315 (+614%), from €9,502 to €67,818
- Tax, wage and social debts +€50,588
up €50,588 (+143%), from €35,282 to €85,870
of which Taxes: +€45,585
- Current portion of long-term debt +€31,385
up €31,385 (+502%), from €6,250 to €37,635
- Profit (loss) carried forward -€30,760
down €30,760 (-21.5%), from €143,353 to €112,594
- Debts after one year -€6,250
down €6,250 (-52.2%), from €11,979 to €5,729
- Turnover +€263,123
up €263,123 (+32.0%), from €822,803 to €1.1m
- Purchases and services +€201,748
up €201,748 (+28.6%), from €705,069 to €906,817
- Gross operating margin +€69,483
up €69,483 (+55.3%), from €125,677 to €195,160
- Staff costs +€34,224
up €34,224 (+124%), from €27,634 to €61,858
- Depreciation +€16,254
up €16,254 (+41.6%), from €39,044 to €55,298
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €207,367 | €310,645 | +€103,278 | +49.8% |
| Fixed assets | 21/28 | €102,010 | €114,865 | +€12,855 | +12.6% |
| Tangible fixed assets | 22/27 | €101,582 | €114,438 | +€12,855 | +12.7% |
| Plant, machinery and equipment | 23 | €6,577 | €4,688 | -€1,889 | -28.7% |
| Furniture and vehicles | 24 | €95,005 | €109,749 | +€14,744 | +15.5% |
| Financial fixed assets | 28 | €428 | €428 | = | 0.0% |
| Current assets | 29/58 | €105,357 | €195,780 | +€90,423 | +85.8% |
| Amounts receivable within one year | 40/41 | €88,062 | €172,621 | +€84,558 | +96.0% |
| Trade receivables | 40 | €38,051 | €161,621 | +€123,570 | +325% |
| Other amounts receivable | 41 | €50,011 | €11,000 | -€39,011 | -78.0% |
| Cash at bank and in hand | 54/58 | €13,564 | €23,159 | +€9,595 | +70.7% |
| Deferred charges and accrued income | 490/1 | €3,731 | - | -€3,731 | |
| Total equity and liabilities | 10/49 | €207,367 | €310,645 | +€103,278 | +49.8% |
| Equity | 10/15 | €144,353 | €113,594 | -€30,760 | -21.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Capital | 10 | €1,000 | €1,000 | = | 0.0% |
| Issued capital | 100 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €143,353 | €112,594 | -€30,760 | -21.5% |
| Amounts payable | 17/49 | €63,014 | €197,051 | +€134,038 | +213% |
| Amounts payable after more than one year | 17 | €11,979 | €5,729 | -€6,250 | -52.2% |
| Financial debts | 170/4 | €11,979 | €5,729 | -€6,250 | -52.2% |
| Amounts payable within one year | 42/48 | €51,034 | €191,322 | +€140,288 | +275% |
| Current portion of amounts payable after more than one year | 42 | €6,250 | €37,635 | +€31,385 | +502% |
| Trade debts | 44 | €9,502 | €67,818 | +€58,315 | +614% |
| Suppliers | 440/4 | €9,502 | €67,818 | +€58,315 | +614% |
| Taxes, remuneration and social security | 45 | €35,282 | €85,870 | +€50,588 | +143% |
| Taxes | 450/3 | €32,677 | €78,262 | +€45,585 | +140% |
| Remuneration and social security | 454/9 | €2,605 | €7,608 | +€5,002 | +192% |
| Turnover | 70 | €822,803 | €1,085,926 | +€263,123 | +32.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €705,069 | €906,817 | +€201,748 | +28.6% |
| Remuneration, social security and pensions | 62 | €27,634 | €61,858 | +€34,224 | +124% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,044 | €55,298 | +€16,254 | +41.6% |
| Other operating charges | 640/8 | €1,584 | €755 | -€829 | -52.3% |
| Gross operating margin | 9900 | €125,677 | €195,160 | +€69,483 | +55.3% |
| Operating profit (loss) | 9901 | €57,415 | €77,250 | +€19,835 | +34.5% |
| Financial income | 75/76B | €20 | €0 | -€20 | -99.4% |
| Recurring financial income | 75 | €20 | €0 | -€20 | -99.4% |
| Financial charges | 65/66B | €2,150 | €2,541 | +€391 | +18.2% |
| Recurring financial charges | 65 | €2,150 | €2,541 | +€391 | +18.2% |
| Profit (loss) for the period before taxes | 9903 | €55,285 | €74,708 | +€19,424 | +35.1% |
| Income taxes | 67/77 | €24,355 | €24,040 | -€316 | -1.3% |
| Profit (loss) for the period | 9904 | €30,929 | €50,669 | +€19,740 | +63.8% |
| Profit (loss) for the period to be appropriated | 9905 | €30,929 | €50,669 | +€19,740 | +63.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.