VHH: 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.
VHH
Largest movements
- Cash +€67,189
up €67,189 (+120.5%), from €55,764 to €122,953
mainly Net result for the year (+€76,872)
- Receivables within one year +€6,527
up €6,527 (+149.8%), from €4,356 to €10,883
of which Trade receivables: +€4,719
- Reserves +€76,872
up €76,872 (+193.8%), from €39,667 to €116,540
- Financial income +€19,947
new in 2025: €19,947
- Gross operating margin -€7,876
down €7,876 (-9.9%), from €79,429 to €71,554
- Taxes -€3,078
down €3,078 (-18.0%), from €17,120 to €14,042
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 | €471,520 | €545,235 | +€73,715 | +15.6% |
| Fixed assets | 21/28 | €411,400 | €411,400 | = | 0.0% |
| Financial fixed assets | 28 | €411,400 | €411,400 | = | 0.0% |
| Current assets | 29/58 | €60,120 | €133,835 | +€73,715 | +122.6% |
| Amounts receivable within one year | 40/41 | €4,356 | €10,883 | +€6,527 | +149.8% |
| Trade receivables | 40 | €4,356 | €9,075 | +€4,719 | +108.3% |
| Other amounts receivable | 41 | - | €1,808 | +€1,808 | |
| Cash at bank and in hand | 54/58 | €55,764 | €122,953 | +€67,189 | +120.5% |
| Total equity and liabilities | 10/49 | €471,520 | €545,235 | +€73,715 | +15.6% |
| Equity | 10/15 | €74,667 | €151,540 | +€76,872 | +103.0% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Reserves | 13 | €39,667 | €116,540 | +€76,872 | +193.8% |
| Distributable reserves | 133 | €39,667 | €116,540 | +€76,872 | +193.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €396,853 | €393,696 | -€3,157 | -0.8% |
| Amounts payable within one year | 42/48 | €396,853 | €393,696 | -€3,157 | -0.8% |
| Taxes, remuneration and social security | 45 | €8,379 | €5,222 | -€3,157 | -37.7% |
| Taxes | 450/3 | €8,379 | €5,222 | -€3,157 | -37.7% |
| Other amounts payable | 47/48 | €388,473 | €388,473 | = | 0.0% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | €79,429 | €71,554 | -€7,876 | -9.9% |
| Operating profit (loss) | 9901 | €78,902 | €71,010 | -€7,892 | -10.0% |
| Financial income | 75/76B | - | €19,947 | +€19,947 | |
| Recurring financial income | 75 | - | €19,947 | +€19,947 | |
| Financial charges | 65/66B | €42 | €42 | = | 0.0% |
| Recurring financial charges | 65 | €42 | €42 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €78,860 | €90,915 | +€12,055 | +15.3% |
| Income taxes | 67/77 | €17,120 | €14,042 | -€3,078 | -18.0% |
| Profit (loss) for the period | 9904 | €61,739 | €76,872 | +€15,133 | +24.5% |
| Profit (loss) for the period to be appropriated | 9905 | €61,739 | €76,872 | +€15,133 | +24.5% |
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 11 October 2026 via checked.be.