VHProPhysio: 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.
VHProPhysio
Largest movements
- Cash +€4,729
up €4,729 (+47.4%), from €9,977 to €14,706
mainly Net result for the year (+€7,914) and Depreciation (+€4,077)
- Tangible fixed assets -€3,338
down €3,338 (-28.2%), from €11,821 to €8,483
of which Plant, machinery and equipment: -€3,917
- Deferred charges and accrued income +€2,043
up €2,043 (+14.4%), from €14,165 to €16,208
- Receivables within one year -€1,068
no longer reported in 2025 (was €1,068)
- Profit (loss) carried forward +€7,914
up €7,914 (+64.3%), from €12,312 to €20,226
- Other debts -€5,404
down €5,404 (-87.6%), from €6,173 to €768
- Current portion of long-term debt -€1,281
no longer reported in 2025 (was €1,281)
- Trade debts +€875
up €875 (+929.3%), from €94 to €970
- Depreciation -€781
down €781 (-16.1%), from €4,858 to €4,077
- Gross operating margin +€372
up €372 (+2.3%), from €16,113 to €16,484
- Taxes +€263
up €263 (+11.3%), from €2,321 to €2,584
- Financial charges -€174
down €174 (-12.7%), from €1,370 to €1,196
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 | €38,781 | €41,147 | +€2,367 | +6.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €13,571 | €10,233 | -€3,338 | -24.6% |
| Tangible fixed assets | 22/27 | €11,821 | €8,483 | -€3,338 | -28.2% |
| Plant, machinery and equipment | 23 | €11,821 | €7,904 | -€3,917 | -33.1% |
| Furniture and vehicles | 24 | - | €580 | +€580 | |
| Financial fixed assets | 28 | €1,750 | €1,750 | = | 0.0% |
| Current assets | 29/58 | €25,210 | €30,914 | +€5,705 | +22.6% |
| Amounts receivable within one year | 40/41 | €1,068 | - | -€1,068 | |
| Other amounts receivable | 41 | €1,068 | - | -€1,068 | |
| Cash at bank and in hand | 54/58 | €9,977 | €14,706 | +€4,729 | +47.4% |
| Deferred charges and accrued income | 490/1 | €14,165 | €16,208 | +€2,043 | +14.4% |
| Total equity and liabilities | 10/49 | €38,781 | €41,147 | +€2,367 | +6.1% |
| Equity | 10/15 | €30,912 | €38,826 | +€7,914 | +25.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,312 | €20,226 | +€7,914 | +64.3% |
| Amounts payable | 17/49 | €7,868 | €2,321 | -€5,547 | -70.5% |
| Amounts payable within one year | 42/48 | €7,868 | €2,321 | -€5,547 | -70.5% |
| Current portion of amounts payable after more than one year | 42 | €1,281 | - | -€1,281 | |
| Trade debts | 44 | €94 | €970 | +€875 | +929.3% |
| Suppliers | 440/4 | €94 | €970 | +€875 | +929.3% |
| Taxes, remuneration and social security | 45 | €321 | €583 | +€263 | +81.9% |
| Taxes | 450/3 | €321 | €583 | +€263 | +81.9% |
| Other amounts payable | 47/48 | €6,173 | €768 | -€5,404 | -87.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,858 | €4,077 | -€781 | -16.1% |
| Other operating charges | 640/8 | €554 | €714 | +€160 | +28.9% |
| Gross operating margin | 9900 | €16,113 | €16,484 | +€372 | +2.3% |
| Operating profit (loss) | 9901 | €10,701 | €11,694 | +€993 | +9.3% |
| Financial charges | 65/66B | €1,370 | €1,196 | -€174 | -12.7% |
| Recurring financial charges | 65 | €1,370 | €1,196 | -€174 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | €9,331 | €10,497 | +€1,167 | +12.5% |
| Income taxes | 67/77 | €2,321 | €2,584 | +€263 | +11.3% |
| Profit (loss) for the period | 9904 | €7,010 | €7,914 | +€904 | +12.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,010 | €7,914 | +€904 | +12.9% |
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 12 October 2026 via checked.be.