VH PISCINE: 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 PISCINE
Largest movements
- Receivables within one year -€14,962
down €14,962 (-90.6%), from €16,522 to €1,561
of which Trade receivables: -€9,138
- Cash -€8,052
down €8,052 (-99.7%), from €8,074 to €22
mainly Other debts (-€12,489) and Trade debts (-€6,652)
- Tangible fixed assets -€407
down €407 (-28.7%), from €1,419 to €1,012
of which Furniture and vehicles: -€250
- Other debts -€12,489
down €12,489 (-94.7%), from €13,189 to €700
- Trade debts -€6,652
down €6,652 (-100%), from €6,652 to €0
- Tax, wage and social debts -€2,844
no longer reported in 2025 (was €2,844)
- Profit (loss) carried forward -€1,436
down €1,436 (-43.3%), from €3,315 to €1,880
- Gross operating margin +€1,973
up €1,973 (+81.9%), from -€2,410 to -€437
- Financial income -€356
no longer reported in 2025 (was €356)
- Write-downs +€142
new in 2025: €142
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 | €29,001 | €5,580 | -€23,421 | -80.8% |
| Fixed assets | 21/28 | €1,419 | €1,012 | -€407 | -28.7% |
| Tangible fixed assets | 22/27 | €1,419 | €1,012 | -€407 | -28.7% |
| Plant, machinery and equipment | 23 | €1,082 | €925 | -€157 | -14.5% |
| Furniture and vehicles | 24 | €338 | €87 | -€250 | -74.2% |
| Current assets | 29/58 | €27,581 | €4,567 | -€23,014 | -83.4% |
| Stocks and contracts in progress | 3 | €2,985 | €2,985 | = | 0.0% |
| Stocks | 30/36 | €2,985 | €2,985 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €16,522 | €1,561 | -€14,962 | -90.6% |
| Trade receivables | 40 | €9,799 | €661 | -€9,138 | -93.3% |
| Other amounts receivable | 41 | €6,724 | €900 | -€5,824 | -86.6% |
| Cash at bank and in hand | 54/58 | €8,074 | €22 | -€8,052 | -99.7% |
| Total equity and liabilities | 10/49 | €29,001 | €5,580 | -€23,421 | -80.8% |
| Equity | 10/15 | €6,315 | €4,880 | -€1,436 | -22.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,315 | €1,880 | -€1,436 | -43.3% |
| Amounts payable | 17/49 | €22,686 | €700 | -€21,986 | -96.9% |
| Amounts payable within one year | 42/48 | €22,686 | €700 | -€21,986 | -96.9% |
| Trade debts | 44 | €6,652 | €0 | -€6,652 | -100% |
| Suppliers | 440/4 | €6,652 | €0 | -€6,652 | -100% |
| Taxes, remuneration and social security | 45 | €2,844 | - | -€2,844 | |
| Taxes | 450/3 | €2,844 | - | -€2,844 | |
| Other amounts payable | 47/48 | €13,189 | €700 | -€12,489 | -94.7% |
| Non-recurring operating income | 76A | - | €539 | +€539 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €407 | €407 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €142 | +€142 | |
| Other operating charges | 640/8 | €403 | €400 | -€4 | -0.9% |
| Gross operating margin | 9900 | -€2,410 | -€437 | +€1,973 | +81.9% |
| Operating profit (loss) | 9901 | -€3,221 | -€1,386 | +€1,835 | +57.0% |
| Financial income | 75/76B | €356 | - | -€356 | |
| Recurring financial income | 75 | €356 | - | -€356 | |
| Financial charges | 65/66B | €64 | €50 | -€15 | -22.9% |
| Recurring financial charges | 65 | €64 | €50 | -€15 | -22.9% |
| Profit (loss) for the period before taxes | 9903 | -€2,929 | -€1,436 | +€1,493 | +51.0% |
| Income taxes | 67/77 | -€16 | - | +€16 | |
| Profit (loss) for the period | 9904 | -€2,913 | -€1,436 | +€1,477 | +50.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,913 | -€1,436 | +€1,477 | +50.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.