VHP BELGIUM: what changed
VHP BELGIUM
Largest movements
- Receivables within one year -€18,892
down €18,892 (-68.6%), from €27,557 to €8,665
- Tangible fixed assets +€5,711
up €5,711 (+66.0%), from €8,650 to €14,361
of which Plant, machinery and equipment: +€5,873
- Financial fixed assets +€3,600
new in 2024: €3,600
- Stocks and contracts -€1,874
down €1,874 (-92.7%), from €2,021 to €147
- Cash -€1,522
down €1,522 (-66.3%), from €2,297 to €775
mainly Tax, wage and social debts (-€15,154) and Investment in fixed assets (net) (-€14,156)
- Tax, wage and social debts -€15,154
down €15,154 (-87.4%), from €17,341 to €2,187
of which Remuneration and social security: -€13,362
- Other debts -€6,061
down €6,061 (-44.1%), from €13,742 to €7,681
- Trade debts +€5,155
up €5,155 (+26.1%), from €19,777 to €24,932
- Profit (loss) carried forward +€3,083
up €3,083 (+18.9%), from -€16,335 to -€13,252
- Staff costs -€26,231
down €26,231 (-98.7%), from €26,573 to €342
- Gross operating margin -€7,288
down €7,288 (-43.7%), from €16,687 to €9,399
- Purchases and services +€5,063
up €5,063 (+9.4%), from €54,015 to €59,078
- Depreciation +€2,639
up €2,639 (+120%), from €2,206 to €4,845
- Turnover -€2,225
down €2,225 (-3.1%), from €70,702 to €68,477
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €40,525 | €27,548 | -€12,977 | -32.0% |
| Fixed assets | 21/28 | €8,650 | €17,961 | +€9,311 | +108% |
| Tangible fixed assets | 22/27 | €8,650 | €14,361 | +€5,711 | +66.0% |
| Plant, machinery and equipment | 23 | €8,003 | €13,876 | +€5,873 | +73.4% |
| Furniture and vehicles | 24 | €647 | €485 | -€162 | -25.0% |
| Financial fixed assets | 28 | - | €3,600 | +€3,600 | |
| Current assets | 29/58 | €31,875 | €9,587 | -€22,288 | -69.9% |
| Stocks and contracts in progress | 3 | €2,021 | €147 | -€1,874 | -92.7% |
| Stocks | 30/36 | €2,021 | €147 | -€1,874 | -92.7% |
| Amounts receivable within one year | 40/41 | €27,557 | €8,665 | -€18,892 | -68.6% |
| Trade receivables | 40 | €27,557 | €8,665 | -€18,892 | -68.6% |
| Cash at bank and in hand | 54/58 | €2,297 | €775 | -€1,522 | -66.3% |
| Total equity and liabilities | 10/49 | €40,525 | €27,548 | -€12,977 | -32.0% |
| Equity | 10/15 | -€10,335 | -€7,252 | +€3,083 | +29.8% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Capital | 10 | €6,000 | €6,000 | = | 0.0% |
| Issued capital | 100 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,335 | -€13,252 | +€3,083 | +18.9% |
| Amounts payable | 17/49 | €50,860 | €34,800 | -€16,060 | -31.6% |
| Amounts payable within one year | 42/48 | €50,860 | €34,800 | -€16,060 | -31.6% |
| Trade debts | 44 | €19,777 | €24,932 | +€5,155 | +26.1% |
| Suppliers | 440/4 | €19,777 | €24,932 | +€5,155 | +26.1% |
| Taxes, remuneration and social security | 45 | €17,341 | €2,187 | -€15,154 | -87.4% |
| Taxes | 450/3 | €3,685 | €1,893 | -€1,792 | -48.6% |
| Remuneration and social security | 454/9 | €13,656 | €294 | -€13,362 | -97.8% |
| Other amounts payable | 47/48 | €13,742 | €7,681 | -€6,061 | -44.1% |
| Turnover | 70 | €70,702 | €68,477 | -€2,225 | -3.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €54,015 | €59,078 | +€5,063 | +9.4% |
| Remuneration, social security and pensions | 62 | €26,573 | €342 | -€26,231 | -98.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,206 | €4,845 | +€2,639 | +120% |
| Other operating charges | 640/8 | €281 | €255 | -€26 | -9.3% |
| Gross operating margin | 9900 | €16,687 | €9,399 | -€7,288 | -43.7% |
| Operating profit (loss) | 9901 | -€12,373 | €3,957 | +€16,330 | |
| Financial charges | 65/66B | €228 | €874 | +€646 | +283% |
| Recurring financial charges | 65 | €228 | €874 | +€646 | +283% |
| Profit (loss) for the period before taxes | 9903 | -€12,601 | €3,083 | +€15,684 | |
| Profit (loss) for the period | 9904 | -€12,601 | €3,083 | +€15,684 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,601 | €3,083 | +€15,684 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.