VHL Beheer: 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.
VHL Beheer
Largest movements
- Cash +€212
up €212 (+29.8%), from €711 to €923
mainly Net result for the year (+€8,068) and Trade debts (+€551)
- Other debts -€8,835
down €8,835 (-1.4%), from €613,011 to €604,176
- Profit (loss) carried forward +€8,068
up €8,068 (+1.3%), from -€629,797 to -€621,729
- Trade debts +€551
up €551 (+177%), from €311 to €862
- Tax, wage and social debts +€428
up €428 (+37.8%), from €1,130 to €1,558
- Gross operating margin -€785
down €785 (-8.7%), from €9,039 to €8,253
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 | €715 | €928 | +€212 | +29.7% |
| Current assets | 29/58 | €715 | €928 | +€212 | +29.7% |
| Amounts receivable within one year | 40/41 | €4 | €5 | +€0 | +3.4% |
| Other amounts receivable | 41 | €4 | €5 | +€0 | +3.4% |
| Cash at bank and in hand | 54/58 | €711 | €923 | +€212 | +29.8% |
| Total equity and liabilities | 10/49 | €715 | €928 | +€212 | +29.7% |
| Equity | 10/15 | -€613,737 | -€605,669 | +€8,068 | +1.3% |
| Contributions | 10/11 | €14,200 | €14,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€629,797 | -€621,729 | +€8,068 | +1.3% |
| Amounts payable | 17/49 | €614,452 | €606,596 | -€7,856 | -1.3% |
| Amounts payable within one year | 42/48 | €614,452 | €606,596 | -€7,856 | -1.3% |
| Trade debts | 44 | €311 | €862 | +€551 | +177% |
| Suppliers | 440/4 | €311 | €862 | +€551 | +177% |
| Taxes, remuneration and social security | 45 | €1,130 | €1,558 | +€428 | +37.8% |
| Taxes | 450/3 | €1,130 | €1,558 | +€428 | +37.8% |
| Other amounts payable | 47/48 | €613,011 | €604,176 | -€8,835 | -1.4% |
| Other operating charges | 640/8 | €126 | €128 | +€2 | +1.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €9,039 | €8,253 | -€785 | -8.7% |
| Operating profit (loss) | 9901 | €8,913 | €8,125 | -€787 | -8.8% |
| Financial charges | 65/66B | €88 | €57 | -€31 | -34.9% |
| Recurring financial charges | 65 | €88 | €57 | -€31 | -34.9% |
| Profit (loss) for the period before taxes | 9903 | €8,825 | €8,068 | -€757 | -8.6% |
| Profit (loss) for the period | 9904 | €8,825 | €8,068 | -€757 | -8.6% |
| Profit (loss) for the period to be appropriated | 9905 | €8,825 | €8,068 | -€757 | -8.6% |
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 18 October 2026 via checked.be.