VHC TECHNICS: 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.
VHC TECHNICS
Largest movements
- Receivables within one year +€63,400
up €63,400 (+72.1%), from €87,930 to €151,330
of which Other amounts receivable: +€69,358
- Tangible fixed assets -€37,995
down €37,995 (-35.3%), from €107,503 to €69,508
of which Furniture and vehicles: -€31,115
- Cash -€24,825
down €24,825 (-60.7%), from €40,890 to €16,065
mainly Receivables within one year (-€63,400) and Debts after one year (-€31,479)
- Deferred charges and accrued income +€7,574
up €7,574 (+136.8%), from €5,536 to €13,110
- Receivables after one year -€7,197
down €7,197 (-3.6%), from €198,919 to €191,722
- Debts after one year -€31,479
down €31,479 (-43.5%), from €72,311 to €40,832
- Reserves +€18,564
up €18,564 (+6.0%), from €307,572 to €326,136
- Tax, wage and social debts +€11,681
up €11,681 (+75.3%), from €15,511 to €27,192
of which Taxes: +€12,694
- Gross operating margin -€46,053
down €46,053 (-38.2%), from €120,610 to €74,557
- Taxes -€15,935
down €15,935 (-60.4%), from €26,366 to €10,431
- Other operating charges +€15,275
up €15,275 (+293.4%), from €5,207 to €20,483
- Financial charges +€2,475
up €2,475 (+115.7%), from €2,139 to €4,614
- Financial income +€2,317
up €2,317 (+55.7%), from €4,162 to €6,480
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 | €440,779 | €441,735 | +€956 | +0.2% |
| Fixed assets | 21/28 | €107,503 | €69,508 | -€37,995 | -35.3% |
| Tangible fixed assets | 22/27 | €107,503 | €69,508 | -€37,995 | -35.3% |
| Furniture and vehicles | 24 | €54,709 | €23,594 | -€31,115 | -56.9% |
| Other tangible fixed assets | 26 | €52,795 | €45,914 | -€6,880 | -13.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €333,276 | €372,227 | +€38,952 | +11.7% |
| Amounts receivable after more than one year | 29 | €198,919 | €191,722 | -€7,197 | -3.6% |
| Other amounts receivable | 291 | €198,919 | €191,722 | -€7,197 | -3.6% |
| Amounts receivable within one year | 40/41 | €87,930 | €151,330 | +€63,400 | +72.1% |
| Trade receivables | 40 | €33,404 | €27,446 | -€5,958 | -17.8% |
| Other amounts receivable | 41 | €54,526 | €123,884 | +€69,358 | +127.2% |
| Cash at bank and in hand | 54/58 | €40,890 | €16,065 | -€24,825 | -60.7% |
| Deferred charges and accrued income | 490/1 | €5,536 | €13,110 | +€7,574 | +136.8% |
| Total equity and liabilities | 10/49 | €440,779 | €441,735 | +€956 | +0.2% |
| Equity | 10/15 | €313,772 | €332,336 | +€18,564 | +5.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €307,572 | €326,136 | +€18,564 | +6.0% |
| Distributable reserves | 133 | €307,572 | €326,136 | +€18,564 | +6.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €127,007 | €109,400 | -€17,608 | -13.9% |
| Amounts payable after more than one year | 17 | €72,311 | €40,832 | -€31,479 | -43.5% |
| Financial debts | 170/4 | €72,311 | €40,832 | -€31,479 | -43.5% |
| Amounts payable within one year | 42/48 | €54,503 | €68,567 | +€14,064 | +25.8% |
| Current portion of amounts payable after more than one year | 42 | €36,567 | €39,056 | +€2,488 | +6.8% |
| Trade debts | 44 | €2,425 | €2,320 | -€105 | -4.3% |
| Suppliers | 440/4 | €2,425 | €2,320 | -€105 | -4.3% |
| Taxes, remuneration and social security | 45 | €15,511 | €27,192 | +€11,681 | +75.3% |
| Taxes | 450/3 | €14,498 | €27,192 | +€12,694 | +87.6% |
| Remuneration and social security | 454/9 | €1,013 | €0 | -€1,013 | -100.0% |
| Accrued charges and deferred income | 492/3 | €193 | €0 | -€193 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,884 | €26,945 | +€61 | +0.2% |
| Other operating charges | 640/8 | €5,207 | €20,483 | +€15,275 | +293.4% |
| Gross operating margin | 9900 | €120,610 | €74,557 | -€46,053 | -38.2% |
| Operating profit (loss) | 9901 | €88,519 | €27,129 | -€61,390 | -69.4% |
| Financial income | 75/76B | €4,162 | €6,480 | +€2,317 | +55.7% |
| Recurring financial income | 75 | €4,162 | €6,480 | +€2,317 | +55.7% |
| Financial charges | 65/66B | €2,139 | €4,614 | +€2,475 | +115.7% |
| Recurring financial charges | 65 | €2,139 | €4,614 | +€2,475 | +115.7% |
| Profit (loss) for the period before taxes | 9903 | €90,542 | €28,995 | -€61,547 | -68.0% |
| Income taxes | 67/77 | €26,366 | €10,431 | -€15,935 | -60.4% |
| Profit (loss) for the period | 9904 | €64,176 | €18,564 | -€45,612 | -71.1% |
| Profit (loss) for the period to be appropriated | 9905 | €64,176 | €18,564 | -€45,612 | -71.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.