VHD TUINEN: 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.
VHD TUINEN
Largest movements
- Receivables within one year -€20,664
down €20,664 (-58.0%), from €35,624 to €14,960
of which Trade receivables: -€20,339
- Cash +€8,708
up €8,708 (+3,249%), from €268 to €8,976
mainly Receivables within one year (+€20,664) and Stocks and contracts (+€2,250)
- Stocks and contracts -€2,250
down €2,250 (-36.0%), from €6,250 to €4,000
- Tangible fixed assets -€535
no longer reported in 2025 (was €535)
of which Furniture and vehicles: -€470
- Other debts -€9,992
down €9,992 (-8.6%), from €116,861 to €106,869
- Trade debts -€5,229
no longer reported in 2025 (was €5,229)
- Profit (loss) carried forward +€456
up €456 (+0.4%), from -€104,389 to -€103,933
- Depreciation -€3,605
down €3,605 (-87.1%), from €4,140 to €535
- Gross operating margin -€2,719
down €2,719 (-54.3%), from €5,009 to €2,290
- Financial charges +€506
up €506 (+1,054%), from €48 to €554
- Other operating charges +€114
up €114 (+17.2%), from €662 to €776
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 | €42,701 | €27,936 | -€14,765 | -34.6% |
| Fixed assets | 21/28 | €535 | - | -€535 | |
| Tangible fixed assets | 22/27 | €535 | - | -€535 | |
| Plant, machinery and equipment | 23 | €65 | - | -€65 | |
| Furniture and vehicles | 24 | €470 | - | -€470 | |
| Current assets | 29/58 | €42,166 | €27,936 | -€14,230 | -33.7% |
| Stocks and contracts in progress | 3 | €6,250 | €4,000 | -€2,250 | -36.0% |
| Stocks | 30/36 | €6,250 | €4,000 | -€2,250 | -36.0% |
| Amounts receivable within one year | 40/41 | €35,624 | €14,960 | -€20,664 | -58.0% |
| Trade receivables | 40 | €34,947 | €14,608 | -€20,339 | -58.2% |
| Other amounts receivable | 41 | €677 | €352 | -€325 | -48.0% |
| Current investments | 50/53 | €24 | - | -€24 | |
| Cash at bank and in hand | 54/58 | €268 | €8,976 | +€8,708 | +3,249% |
| Total equity and liabilities | 10/49 | €42,701 | €27,936 | -€14,765 | -34.6% |
| Equity | 10/15 | -€79,389 | -€78,933 | +€456 | +0.6% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Capital | 10 | €25,000 | €25,000 | = | 0.0% |
| Issued capital | 100 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€104,389 | -€103,933 | +€456 | +0.4% |
| Amounts payable | 17/49 | €122,090 | €106,869 | -€15,221 | -12.5% |
| Amounts payable within one year | 42/48 | €122,090 | €106,869 | -€15,221 | -12.5% |
| Trade debts | 44 | €5,229 | - | -€5,229 | |
| Suppliers | 440/4 | €5,229 | - | -€5,229 | |
| Other amounts payable | 47/48 | €116,861 | €106,869 | -€9,992 | -8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,140 | €535 | -€3,605 | -87.1% |
| Other operating charges | 640/8 | €662 | €776 | +€114 | +17.2% |
| Gross operating margin | 9900 | €5,009 | €2,290 | -€2,719 | -54.3% |
| Operating profit (loss) | 9901 | €207 | €979 | +€772 | +373% |
| Financial income | 75/76B | €5 | €31 | +€26 | +520% |
| Recurring financial income | 75 | €5 | €31 | +€26 | +520% |
| Financial charges | 65/66B | €48 | €554 | +€506 | +1,054% |
| Recurring financial charges | 65 | €48 | €554 | +€506 | +1,054% |
| Profit (loss) for the period before taxes | 9903 | €164 | €456 | +€292 | +178% |
| Profit (loss) for the period | 9904 | €164 | €456 | +€292 | +178% |
| Profit (loss) for the period to be appropriated | 9905 | €164 | €456 | +€292 | +178% |
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 26 October 2026 via checked.be.