VH SOLUTIONS: 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 SOLUTIONS
Largest movements
- Tangible fixed assets -€3,516
down €3,516 (-1.2%), from €301,831 to €298,315
of which Land and buildings: -€2,164
- Debts after one year -€14,000
down €14,000 (-6.4%), from €218,167 to €204,167
- Reserves +€5,624
up €5,624 (+22.8%), from €24,648 to €30,272
of which Distributable reserves: +€5,624
- Other debts +€5,482
up €5,482 (+15.5%), from €35,326 to €40,808
- Accrued charges and deferred income +€4,217
new in 2025: €4,217
- Gross operating margin +€8,498
up €8,498 (+48.7%), from €17,466 to €25,964
- Depreciation +€1,064
up €1,064 (+9.4%), from €11,364 to €12,428
- Taxes +€562
new in 2025: €562
- Other operating charges -€479
down €479 (-16.3%), from €2,936 to €2,457
- Financial charges +€429
up €429 (+9.5%), from €4,501 to €4,930
of which Non-recurring financial charges: +€653
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 | €309,856 | €308,646 | -€1,210 | -0.4% |
| Fixed assets | 21/28 | €303,223 | €300,086 | -€3,136 | -1.0% |
| Tangible fixed assets | 22/27 | €301,831 | €298,315 | -€3,516 | -1.2% |
| Land and buildings | 22 | €296,349 | €294,185 | -€2,164 | -0.7% |
| Other tangible fixed assets | 26 | €5,482 | €4,130 | -€1,352 | -24.7% |
| Financial fixed assets | 28 | €1,392 | €1,771 | +€380 | +27.3% |
| Current assets | 29/58 | €6,633 | €8,560 | +€1,926 | +29.0% |
| Cash at bank and in hand | 54/58 | €1,623 | €2,958 | +€1,335 | +82.2% |
| Deferred charges and accrued income | 490/1 | €5,010 | €5,602 | +€592 | +11.8% |
| Total equity and liabilities | 10/49 | €309,856 | €308,646 | -€1,210 | -0.4% |
| Equity | 10/15 | €37,048 | €42,672 | +€5,624 | +15.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €24,648 | €30,272 | +€5,624 | +22.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €22,788 | €28,412 | +€5,624 | +24.7% |
| Amounts payable | 17/49 | €272,808 | €265,974 | -€6,834 | -2.5% |
| Amounts payable after more than one year | 17 | €218,167 | €204,167 | -€14,000 | -6.4% |
| Financial debts | 170/4 | €218,167 | €204,167 | -€14,000 | -6.4% |
| Amounts payable within one year | 42/48 | €54,641 | €57,590 | +€2,949 | +5.4% |
| Current portion of amounts payable after more than one year | 42 | €14,000 | €14,000 | = | 0.0% |
| Trade debts | 44 | €4,943 | €2,220 | -€2,723 | -55.1% |
| Suppliers | 440/4 | €4,943 | €2,220 | -€2,723 | -55.1% |
| Taxes, remuneration and social security | 45 | €372 | €562 | +€190 | +51.0% |
| Taxes | 450/3 | €372 | €562 | +€190 | +51.0% |
| Other amounts payable | 47/48 | €35,326 | €40,808 | +€5,482 | +15.5% |
| Accrued charges and deferred income | 492/3 | - | €4,217 | +€4,217 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,364 | €12,428 | +€1,064 | +9.4% |
| Other operating charges | 640/8 | €2,936 | €2,457 | -€479 | -16.3% |
| Gross operating margin | 9900 | €17,466 | €25,964 | +€8,498 | +48.7% |
| Operating profit (loss) | 9901 | €3,166 | €11,078 | +€7,913 | +250% |
| Financial income | 75/76B | - | €38 | +€38 | |
| Recurring financial income | 75 | - | €38 | +€38 | |
| Financial charges | 65/66B | €4,501 | €4,930 | +€429 | +9.5% |
| Recurring financial charges | 65 | €4,501 | €4,277 | -€224 | -5.0% |
| Non-recurring financial charges | 66B | - | €653 | +€653 | |
| Profit (loss) for the period before taxes | 9903 | -€1,336 | €6,186 | +€7,522 | |
| Income taxes | 67/77 | - | €562 | +€562 | |
| Profit (loss) for the period | 9904 | -€1,336 | €5,624 | +€6,960 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,336 | €5,624 | +€6,960 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.