VHCabletech: 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.
VHCabletech
Largest movements
- Cash -€26,294
down €26,294 (-48.8%), from €53,910 to €27,617
mainly Contributions, distributions and other (-€25,000) and Investment in fixed assets (net) (-€18,695)
- Receivables within one year -€6,288
down €6,288 (-20.3%), from €30,933 to €24,645
of which Trade receivables: -€14,839
- Tangible fixed assets +€4,419
up €4,419 (+16.7%), from €26,411 to €30,830
of which Furniture and vehicles: +€4,703
- Profit (loss) carried forward -€22,068
down €22,068 (-42.4%), from €52,058 to €29,989
- Tax, wage and social debts -€8,608
down €8,608 (-76.6%), from €11,233 to €2,625
- Current portion of long-term debt +€7,120
up €7,120 (+69.5%), from €10,242 to €17,362
- Debts after one year -€5,972
down €5,972 (-33.4%), from €17,875 to €11,903
- Trade debts +€3,587
up €3,587 (+42.4%), from €8,455 to €12,042
- Gross operating margin -€40,301
down €40,301 (-63.9%), from €63,094 to €22,794
- Taxes -€8,548
down €8,548 (-90.3%), from €9,465 to €917
- Depreciation +€3,113
up €3,113 (+27.9%), from €11,164 to €14,276
- Financial charges -€1,041
down €1,041 (-18.4%), from €5,652 to €4,611
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 | €115,449 | €88,421 | -€27,028 | -23.4% |
| Fixed assets | 21/28 | €26,411 | €30,830 | +€4,419 | +16.7% |
| Tangible fixed assets | 22/27 | €26,411 | €30,830 | +€4,419 | +16.7% |
| Plant, machinery and equipment | 23 | €10,152 | €9,868 | -€284 | -2.8% |
| Furniture and vehicles | 24 | €16,259 | €20,962 | +€4,703 | +28.9% |
| Current assets | 29/58 | €89,037 | €57,591 | -€31,447 | -35.3% |
| Amounts receivable within one year | 40/41 | €30,933 | €24,645 | -€6,288 | -20.3% |
| Trade receivables | 40 | €29,919 | €15,080 | -€14,839 | -49.6% |
| Other amounts receivable | 41 | €1,015 | €9,566 | +€8,551 | +843% |
| Cash at bank and in hand | 54/58 | €53,910 | €27,617 | -€26,294 | -48.8% |
| Deferred charges and accrued income | 490/1 | €4,194 | €5,329 | +€1,135 | +27.1% |
| Total equity and liabilities | 10/49 | €115,449 | €88,421 | -€27,028 | -23.4% |
| Equity | 10/15 | €66,558 | €44,489 | -€22,068 | -33.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €4,500 | €4,500 | = | 0.0% |
| Distributable reserves | 133 | €4,500 | €4,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,058 | €29,989 | -€22,068 | -42.4% |
| Amounts payable | 17/49 | €48,891 | €43,932 | -€4,959 | -10.1% |
| Amounts payable after more than one year | 17 | €17,875 | €11,903 | -€5,972 | -33.4% |
| Financial debts | 170/4 | €17,875 | €11,903 | -€5,972 | -33.4% |
| Amounts payable within one year | 42/48 | €31,016 | €32,029 | +€1,013 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €10,242 | €17,362 | +€7,120 | +69.5% |
| Trade debts | 44 | €8,455 | €12,042 | +€3,587 | +42.4% |
| Suppliers | 440/4 | €8,455 | €12,042 | +€3,587 | +42.4% |
| Taxes, remuneration and social security | 45 | €11,233 | €2,625 | -€8,608 | -76.6% |
| Taxes | 450/3 | €11,233 | €2,625 | -€8,608 | -76.6% |
| Other amounts payable | 47/48 | €1,086 | - | -€1,086 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,164 | €14,276 | +€3,113 | +27.9% |
| Other operating charges | 640/8 | €236 | €610 | +€373 | +158% |
| Gross operating margin | 9900 | €63,094 | €22,794 | -€40,301 | -63.9% |
| Operating profit (loss) | 9901 | €51,695 | €7,908 | -€43,787 | -84.7% |
| Financial income | 75/76B | €0 | €552 | +€552 | +1,379,025% |
| Recurring financial income | 75 | €0 | €552 | +€552 | +1,379,025% |
| Financial charges | 65/66B | €5,652 | €4,611 | -€1,041 | -18.4% |
| Recurring financial charges | 65 | €5,652 | €4,611 | -€1,041 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | €46,043 | €3,848 | -€42,194 | -91.6% |
| Income taxes | 67/77 | €9,465 | €917 | -€8,548 | -90.3% |
| Profit (loss) for the period | 9904 | €36,578 | €2,932 | -€33,646 | -92.0% |
| Profit (loss) for the period to be appropriated | 9905 | €36,578 | €2,932 | -€33,646 | -92.0% |
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 29 October 2026 via checked.be.