VHP-Solutions: 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.
VHP-Solutions
Largest movements
- Tangible fixed assets +€78,418
up €78,418 (+255%), from €30,703 to €109,121
of which Furniture and vehicles: +€77,696
- Cash +€38,801
up €38,801 (+393%), from €9,875 to €48,676
mainly Debts after one year (+€56,281) and Net result for the year (+€27,019)
- Receivables within one year +€6,333
up €6,333 (+59.5%), from €10,650 to €16,982
of which Trade receivables: +€6,935
- Deferred charges and accrued income +€2,407
up €2,407 (+1,695%), from €142 to €2,549
- Debts after one year +€56,281
up €56,281 (+332%), from €16,977 to €73,258
- Reserves +€27,019
up €27,019 (+476%), from €5,674 to €32,693
- Tax, wage and social debts +€20,784
up €20,784 (+330%), from €6,304 to €27,089
of which Taxes: +€14,784
- Current portion of long-term debt +€17,783
up €17,783 (+222%), from €8,023 to €25,806
- Other debts +€3,242
up €3,242 (+52.6%), from €6,164 to €9,406
- Gross operating margin +€54,201
up €54,201 (+571%), from €9,490 to €63,691
- Depreciation +€18,254
up €18,254 (+4,375%), from €417 to €18,671
- Taxes +€9,849
up €9,849 (+444%), from €2,221 to €12,069
- Financial charges +€3,188
up €3,188 (+849%), from €375 to €3,564
- Other operating charges +€969
up €969 (+612%), from €158 to €1,127
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 | €51,370 | €177,328 | +€125,959 | +245% |
| Fixed assets | 21/28 | €30,703 | €109,121 | +€78,418 | +255% |
| Tangible fixed assets | 22/27 | €30,703 | €109,121 | +€78,418 | +255% |
| Plant, machinery and equipment | 23 | - | €721 | +€721 | |
| Furniture and vehicles | 24 | €30,703 | €108,399 | +€77,696 | +253% |
| Current assets | 29/58 | €20,667 | €68,208 | +€47,541 | +230% |
| Amounts receivable within one year | 40/41 | €10,650 | €16,982 | +€6,333 | +59.5% |
| Trade receivables | 40 | €7,834 | €14,769 | +€6,935 | +88.5% |
| Other amounts receivable | 41 | €2,816 | €2,214 | -€602 | -21.4% |
| Cash at bank and in hand | 54/58 | €9,875 | €48,676 | +€38,801 | +393% |
| Deferred charges and accrued income | 490/1 | €142 | €2,549 | +€2,407 | +1,695% |
| Total equity and liabilities | 10/49 | €51,370 | €177,328 | +€125,959 | +245% |
| Equity | 10/15 | €8,674 | €35,693 | +€27,019 | +312% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €5,674 | €32,693 | +€27,019 | +476% |
| Distributable reserves | 133 | €5,674 | €32,693 | +€27,019 | +476% |
| Amounts payable | 17/49 | €42,696 | €141,635 | +€98,939 | +232% |
| Amounts payable after more than one year | 17 | €16,977 | €73,258 | +€56,281 | +332% |
| Financial debts | 170/4 | €16,977 | €73,258 | +€56,281 | +332% |
| Amounts payable within one year | 42/48 | €24,408 | €64,593 | +€40,185 | +165% |
| Current portion of amounts payable after more than one year | 42 | €8,023 | €25,806 | +€17,783 | +222% |
| Trade debts | 44 | €3,917 | €2,292 | -€1,625 | -41.5% |
| Suppliers | 440/4 | €3,917 | €2,292 | -€1,625 | -41.5% |
| Taxes, remuneration and social security | 45 | €6,304 | €27,089 | +€20,784 | +330% |
| Taxes | 450/3 | €2,304 | €17,089 | +€14,784 | +642% |
| Remuneration and social security | 454/9 | €4,000 | €10,000 | +€6,000 | +150% |
| Other amounts payable | 47/48 | €6,164 | €9,406 | +€3,242 | +52.6% |
| Accrued charges and deferred income | 492/3 | €1,311 | €3,784 | +€2,473 | +189% |
| Remuneration, social security and pensions | 62 | €645 | €1,241 | +€596 | +92.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €417 | €18,671 | +€18,254 | +4,375% |
| Other operating charges | 640/8 | €158 | €1,127 | +€969 | +612% |
| Gross operating margin | 9900 | €9,490 | €63,691 | +€54,201 | +571% |
| Operating profit (loss) | 9901 | €8,270 | €42,652 | +€34,383 | +416% |
| Financial charges | 65/66B | €375 | €3,564 | +€3,188 | +849% |
| Recurring financial charges | 65 | €375 | €3,564 | +€3,188 | +849% |
| Profit (loss) for the period before taxes | 9903 | €7,894 | €39,089 | +€31,194 | +395% |
| Income taxes | 67/77 | €2,221 | €12,069 | +€9,849 | +444% |
| Profit (loss) for the period | 9904 | €5,674 | €27,019 | +€21,346 | +376% |
| Profit (loss) for the period to be appropriated | 9905 | €5,674 | €27,019 | +€21,346 | +376% |
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 14 October 2026 via checked.be.