VH MANAGEMENT: 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 MANAGEMENT
Largest movements
- Cash -€10,123
down €10,123 (-30.5%), from €33,199 to €23,076
mainly Contributions, distributions and other (-€32,400) and Tax, wage and social debts (-€662)
- Contributions -€9,400
down €9,400 (-75.8%), from €12,400 to €3,000
- Tax, wage and social debts -€662
down €662 (-7.4%), from €8,896 to €8,234
No income-statement line moved by more than 1% of the activity.
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 | €33,199 | €23,076 | -€10,123 | -30.5% |
| Current assets | 29/58 | €33,199 | €23,076 | -€10,123 | -30.5% |
| Cash at bank and in hand | 54/58 | €33,199 | €23,076 | -€10,123 | -30.5% |
| Total equity and liabilities | 10/49 | €33,199 | €23,076 | -€10,123 | -30.5% |
| Equity | 10/15 | €14,917 | €5,456 | -€9,461 | -63.4% |
| Contributions | 10/11 | €12,400 | €3,000 | -€9,400 | -75.8% |
| Contributions outside capital | 11 | €12,400 | €3,000 | -€9,400 | -75.8% |
| Other | 1109/19 | €12,400 | €3,000 | -€9,400 | -75.8% |
| Reserves | 13 | €2,517 | €2,456 | -€61 | -2.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €657 | €596 | -€61 | -9.3% |
| Amounts payable | 17/49 | €18,282 | €17,620 | -€662 | -3.6% |
| Amounts payable within one year | 42/48 | €18,282 | €17,620 | -€662 | -3.6% |
| Taxes, remuneration and social security | 45 | €8,896 | €8,234 | -€662 | -7.4% |
| Taxes | 450/3 | €8,896 | €8,234 | -€662 | -7.4% |
| Other amounts payable | 47/48 | €9,386 | €9,386 | = | 0.0% |
| Other operating charges | 640/8 | €141 | €144 | +€4 | +2.6% |
| Gross operating margin | 9900 | €30,989 | €31,078 | +€90 | +0.3% |
| Operating profit (loss) | 9901 | €30,848 | €30,934 | +€86 | +0.3% |
| Financial charges | 65/66B | €24 | €21 | -€3 | -12.0% |
| Recurring financial charges | 65 | €24 | €21 | -€3 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €30,824 | €30,913 | +€89 | +0.3% |
| Income taxes | 67/77 | €7,706 | €7,974 | +€268 | +3.5% |
| Profit (loss) for the period | 9904 | €23,118 | €22,939 | -€179 | -0.8% |
| Profit (loss) for the period to be appropriated | 9905 | €23,118 | €22,939 | -€179 | -0.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.