Vharia: 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.
Vharia
Largest movements
- Cash +€65,564
up €65,564 (+471%), from €13,923 to €79,487
mainly Net result for the year (+€55,627) and Tax, wage and social debts (+€15,651)
- Tangible fixed assets +€22,138
up €22,138 (+53.3%), from €41,571 to €63,709
of which Furniture and vehicles: +€19,802
- Receivables within one year -€15,504
down €15,504 (-91.6%), from €16,921 to €1,416
of which Other amounts receivable: -€8,027
- Reserves +€55,627
up €55,627 (+99.2%), from €56,050 to €111,677
- Tax, wage and social debts +€15,651
up €15,651 (+132%), from €11,847 to €27,498
- Other debts +€2,822
new in 2025: €2,822
- Trade debts -€1,902
down €1,902 (-94.2%), from €2,019 to €116
- Gross operating margin +€55,562
up €55,562 (+125%), from €44,542 to €100,104
- Taxes +€19,122
up €19,122 (+177%), from €10,817 to €29,939
- Depreciation +€8,321
up €8,321 (+144%), from €5,796 to €14,117
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 | €72,415 | €144,613 | +€72,198 | +99.7% |
| Fixed assets | 21/28 | €41,571 | €63,709 | +€22,138 | +53.3% |
| Tangible fixed assets | 22/27 | €41,571 | €63,709 | +€22,138 | +53.3% |
| Plant, machinery and equipment | 23 | €41,375 | €43,711 | +€2,336 | +5.6% |
| Furniture and vehicles | 24 | €196 | €19,998 | +€19,802 | +10,116% |
| Current assets | 29/58 | €30,844 | €80,904 | +€50,060 | +162% |
| Amounts receivable within one year | 40/41 | €16,921 | €1,416 | -€15,504 | -91.6% |
| Trade receivables | 40 | €8,894 | €1,416 | -€7,477 | -84.1% |
| Other amounts receivable | 41 | €8,027 | - | -€8,027 | |
| Cash at bank and in hand | 54/58 | €13,923 | €79,487 | +€65,564 | +471% |
| Total equity and liabilities | 10/49 | €72,415 | €144,613 | +€72,198 | +99.7% |
| Equity | 10/15 | €58,550 | €114,177 | +€55,627 | +95.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €56,050 | €111,677 | +€55,627 | +99.2% |
| Distributable reserves | 133 | €56,050 | €111,677 | +€55,627 | +99.2% |
| Amounts payable | 17/49 | €13,866 | €30,436 | +€16,571 | +120% |
| Amounts payable within one year | 42/48 | €13,866 | €30,436 | +€16,571 | +120% |
| Trade debts | 44 | €2,019 | €116 | -€1,902 | -94.2% |
| Suppliers | 440/4 | €2,019 | €116 | -€1,902 | -94.2% |
| Taxes, remuneration and social security | 45 | €11,847 | €27,498 | +€15,651 | +132% |
| Taxes | 450/3 | €11,847 | €27,498 | +€15,651 | +132% |
| Other amounts payable | 47/48 | - | €2,822 | +€2,822 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,796 | €14,117 | +€8,321 | +144% |
| Other operating charges | 640/8 | €259 | €279 | +€20 | +7.7% |
| Gross operating margin | 9900 | €44,542 | €100,104 | +€55,562 | +125% |
| Operating profit (loss) | 9901 | €38,487 | €85,708 | +€47,221 | +123% |
| Financial charges | 65/66B | €98 | €141 | +€44 | +44.8% |
| Recurring financial charges | 65 | €98 | €141 | +€44 | +44.8% |
| Profit (loss) for the period before taxes | 9903 | €38,389 | €85,566 | +€47,177 | +123% |
| Income taxes | 67/77 | €10,817 | €29,939 | +€19,122 | +177% |
| Profit (loss) for the period | 9904 | €27,572 | €55,627 | +€28,055 | +102% |
| Profit (loss) for the period to be appropriated | 9905 | €27,572 | €55,627 | +€28,055 | +102% |
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 23 October 2026 via checked.be.