VH OPTICS: 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 OPTICS
Largest movements
- Receivables within one year +€2,010
up €2,010 (+167.5%), from €1,200 to €3,210
- Tangible fixed assets +€1,068
up €1,068 (+341.1%), from €313 to €1,382
- Cash -€949
down €949 (-2.0%), from €46,378 to €45,430
mainly Tax, wage and social debts (-€3,582) and Receivables within one year (-€2,010)
- Profit (loss) carried forward +€4,559
up €4,559 (+13.3%), from €34,279 to €38,838
- Tax, wage and social debts -€3,582
down €3,582 (-34.2%), from €10,471 to €6,889
- Trade debts +€1,153
up €1,153 (+819.5%), from €141 to €1,294
- Gross operating margin -€8,478
down €8,478 (-50.7%), from €16,725 to €8,247
- Taxes -€1,798
down €1,798 (-55.1%), from €3,264 to €1,466
- Other operating charges +€856
up €856 (+274.4%), from €312 to €1,169
- Financial charges -€310
down €310 (-29.2%), from €1,061 to €752
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 | €47,892 | €50,021 | +€2,130 | +4.4% |
| Fixed assets | 21/28 | €313 | €1,382 | +€1,068 | +341.1% |
| Tangible fixed assets | 22/27 | €313 | €1,382 | +€1,068 | +341.1% |
| Furniture and vehicles | 24 | €313 | €1,382 | +€1,068 | +341.1% |
| Current assets | 29/58 | €47,578 | €48,639 | +€1,061 | +2.2% |
| Amounts receivable within one year | 40/41 | €1,200 | €3,210 | +€2,010 | +167.5% |
| Other amounts receivable | 41 | €1,200 | €3,210 | +€2,010 | +167.5% |
| Cash at bank and in hand | 54/58 | €46,378 | €45,430 | -€949 | -2.0% |
| Total equity and liabilities | 10/49 | €47,892 | €50,021 | +€2,130 | +4.4% |
| Equity | 10/15 | €37,279 | €41,838 | +€4,559 | +12.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,279 | €38,838 | +€4,559 | +13.3% |
| Amounts payable | 17/49 | €10,612 | €8,183 | -€2,429 | -22.9% |
| Amounts payable within one year | 42/48 | €10,612 | €8,183 | -€2,429 | -22.9% |
| Trade debts | 44 | €141 | €1,294 | +€1,153 | +819.5% |
| Suppliers | 440/4 | €141 | €1,294 | +€1,153 | +819.5% |
| Taxes, remuneration and social security | 45 | €10,471 | €6,889 | -€3,582 | -34.2% |
| Taxes | 450/3 | €10,471 | €6,889 | -€3,582 | -34.2% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €244 | €303 | +€59 | +24.1% |
| Other operating charges | 640/8 | €312 | €1,169 | +€856 | +274.4% |
| Gross operating margin | 9900 | €16,725 | €8,247 | -€8,478 | -50.7% |
| Operating profit (loss) | 9901 | €16,169 | €6,776 | -€9,393 | -58.1% |
| Financial charges | 65/66B | €1,061 | €752 | -€310 | -29.2% |
| Recurring financial charges | 65 | €1,061 | €752 | -€310 | -29.2% |
| Profit (loss) for the period before taxes | 9903 | €15,108 | €6,025 | -€9,083 | -60.1% |
| Income taxes | 67/77 | €3,264 | €1,466 | -€1,798 | -55.1% |
| Profit (loss) for the period | 9904 | €11,844 | €4,559 | -€7,285 | -61.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,844 | €4,559 | -€7,285 | -61.5% |
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 8 October 2026 via checked.be.