VHash Group: 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.
VHash Group
Largest movements
- Cash +€42,722
up €42,722 (+60.2%), from €70,957 to €113,679
mainly Net result for the year (+€62,638) and Depreciation (+€6,770)
- Tangible fixed assets +€13,415
up €13,415 (+68.3%), from €19,633 to €33,048
- Profit (loss) carried forward +€61,779
up €61,779 (+89.1%), from €69,312 to €131,091
- Tax, wage and social debts -€5,198
down €5,198 (-18.8%), from €27,721 to €22,523
of which Taxes: -€4,398
- Other operating charges +€9,918
up €9,918 (+5934.8%), from €167 to €10,085
- Gross operating margin -€5,525
down €5,525 (-5.4%), from €102,052 to €96,527
- Depreciation -€4,050
down €4,050 (-37.4%), from €10,819 to €6,770
- Taxes -€3,935
down €3,935 (-18.8%), from €20,923 to €16,988
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €99,961 | €157,757 | +€57,796 | +57.8% |
| Fixed assets | 21/28 | €19,633 | €33,048 | +€13,415 | +68.3% |
| Tangible fixed assets | 22/27 | €19,633 | €33,048 | +€13,415 | +68.3% |
| Furniture and vehicles | 24 | €19,633 | €33,048 | +€13,415 | +68.3% |
| Current assets | 29/58 | €80,328 | €124,709 | +€44,381 | +55.2% |
| Amounts receivable within one year | 40/41 | €89 | €532 | +€443 | +500.3% |
| Trade receivables | 40 | €53 | €440 | +€387 | +731.1% |
| Other amounts receivable | 41 | €36 | €91 | +€56 | +156.8% |
| Cash at bank and in hand | 54/58 | €70,957 | €113,679 | +€42,722 | +60.2% |
| Deferred charges and accrued income | 490/1 | €9,282 | €10,498 | +€1,215 | +13.1% |
| Total equity and liabilities | 10/49 | €99,961 | €157,757 | +€57,796 | +57.8% |
| Equity | 10/15 | €69,812 | €131,591 | +€61,779 | +88.5% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €69,312 | €131,091 | +€61,779 | +89.1% |
| Amounts payable | 17/49 | €30,149 | €26,166 | -€3,983 | -13.2% |
| Amounts payable within one year | 42/48 | €30,149 | €26,166 | -€3,983 | -13.2% |
| Trade debts | 44 | €1,248 | €1,476 | +€228 | +18.2% |
| Suppliers | 440/4 | €1,248 | €1,476 | +€228 | +18.2% |
| Taxes, remuneration and social security | 45 | €27,721 | €22,523 | -€5,198 | -18.8% |
| Taxes | 450/3 | €26,921 | €22,523 | -€4,398 | -16.3% |
| Remuneration and social security | 454/9 | €800 | - | -€800 | |
| Other amounts payable | 47/48 | €1,179 | €2,166 | +€987 | +83.7% |
| Accrued charges and deferred income | 492/3 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,819 | €6,770 | -€4,050 | -37.4% |
| Other operating charges | 640/8 | €167 | €10,085 | +€9,918 | +5934.8% |
| Gross operating margin | 9900 | €102,052 | €96,527 | -€5,525 | -5.4% |
| Operating profit (loss) | 9901 | €91,066 | €79,672 | -€11,393 | -12.5% |
| Financial income | 75/76B | €3 | €2 | -€1 | -24.0% |
| Recurring financial income | 75 | €3 | €2 | -€1 | -24.0% |
| Financial charges | 65/66B | €0 | €49 | +€48 | +11817.1% |
| Recurring financial charges | 65 | €0 | €49 | +€48 | +11817.1% |
| Profit (loss) for the period before taxes | 9903 | €91,068 | €79,626 | -€11,442 | -12.6% |
| Income taxes | 67/77 | €20,923 | €16,988 | -€3,935 | -18.8% |
| Profit (loss) for the period | 9904 | €70,145 | €62,638 | -€7,507 | -10.7% |
| Profit (loss) for the period to be appropriated | 9905 | €70,145 | €62,638 | -€7,507 | -10.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.