VHS AGENCY: 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.
VHS AGENCY
Largest movements
- Cash -€24,677
down €24,677 (-72.4%), from €34,068 to €9,391
mainly Receivables within one year (-€23,713) and Debts after one year (-€12,171)
- Receivables within one year +€23,713
up €23,713 (+133%), from €17,766 to €41,479
of which Trade receivables: +€25,076
- Tangible fixed assets -€11,733
down €11,733 (-25.7%), from €45,709 to €33,976
- Intangible fixed assets +€5,476
up €5,476, from €0 to €5,476
- Deferred charges and accrued income +€1,279
up €1,279 (+40.3%), from €3,173 to €4,452
- Debts after one year -€12,171
down €12,171 (-39.1%), from €31,131 to €18,959
- Trade debts +€4,404
up €4,404 (+42.5%), from €10,371 to €14,774
- Tax, wage and social debts +€1,257
up €1,257 (+7.2%), from €17,582 to €18,839
of which Taxes: +€1,174
- Gross operating margin +€20,669
up €20,669 (+26.4%), from €78,381 to €99,051
- Staff costs +€19,856
up €19,856 (+35.5%), from €55,986 to €75,842
- Turnover +€12,438
up €12,438 (+10.0%), from €124,004 to €136,442
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 | €101,265 | €95,324 | -€5,942 | -5.9% |
| Fixed assets | 21/28 | €46,258 | €40,002 | -€6,257 | -13.5% |
| Intangible fixed assets | 21 | €0 | €5,476 | +€5,476 | |
| Tangible fixed assets | 22/27 | €45,709 | €33,976 | -€11,733 | -25.7% |
| Furniture and vehicles | 24 | €45,709 | €33,976 | -€11,733 | -25.7% |
| Financial fixed assets | 28 | €549 | €549 | = | 0.0% |
| Current assets | 29/58 | €55,007 | €55,322 | +€315 | +0.6% |
| Amounts receivable within one year | 40/41 | €17,766 | €41,479 | +€23,713 | +133% |
| Trade receivables | 40 | €16,272 | €41,347 | +€25,076 | +154% |
| Other amounts receivable | 41 | €1,494 | €131 | -€1,363 | -91.2% |
| Cash at bank and in hand | 54/58 | €34,068 | €9,391 | -€24,677 | -72.4% |
| Deferred charges and accrued income | 490/1 | €3,173 | €4,452 | +€1,279 | +40.3% |
| Total equity and liabilities | 10/49 | €101,265 | €95,324 | -€5,942 | -5.9% |
| Equity | 10/15 | €30,373 | €30,536 | +€163 | +0.5% |
| Contributions | 10/11 | €30,360 | €30,360 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13 | €176 | +€163 | +1,267% |
| Amounts payable | 17/49 | €70,893 | €64,788 | -€6,105 | -8.6% |
| Amounts payable after more than one year | 17 | €31,131 | €18,959 | -€12,171 | -39.1% |
| Financial debts | 170/4 | €31,131 | €18,959 | -€12,171 | -39.1% |
| Amounts payable within one year | 42/48 | €39,762 | €45,809 | +€6,047 | +15.2% |
| Current portion of amounts payable after more than one year | 42 | €11,810 | €12,171 | +€362 | +3.1% |
| Trade debts | 44 | €10,371 | €14,774 | +€4,404 | +42.5% |
| Suppliers | 440/4 | €10,371 | €14,774 | +€4,404 | +42.5% |
| Taxes, remuneration and social security | 45 | €17,582 | €18,839 | +€1,257 | +7.2% |
| Taxes | 450/3 | €8,843 | €10,017 | +€1,174 | +13.3% |
| Remuneration and social security | 454/9 | €8,739 | €8,822 | +€83 | +0.9% |
| Other amounts payable | 47/48 | - | €25 | +€25 | |
| Accrued charges and deferred income | 492/3 | - | €19 | +€19 | |
| Turnover | 70 | €124,004 | €136,442 | +€12,438 | +10.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €48,393 | €48,370 | -€23 | 0.0% |
| Remuneration, social security and pensions | 62 | €55,986 | €75,842 | +€19,856 | +35.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,583 | €17,916 | +€1,333 | +8.0% |
| Other operating charges | 640/8 | €2,657 | €2,257 | -€399 | -15.0% |
| Gross operating margin | 9900 | €78,381 | €99,051 | +€20,669 | +26.4% |
| Operating profit (loss) | 9901 | €3,155 | €3,036 | -€120 | -3.8% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €1,852 | €1,504 | -€348 | -18.8% |
| Recurring financial charges | 65 | €1,852 | €1,504 | -€348 | -18.8% |
| Profit (loss) for the period before taxes | 9903 | €1,305 | €1,532 | +€227 | +17.4% |
| Income taxes | 67/77 | €1,298 | €1,369 | +€71 | +5.5% |
| Profit (loss) for the period | 9904 | €7 | €163 | +€156 | +2,247% |
| Profit (loss) for the period to be appropriated | 9905 | €7 | €163 | +€156 | +2,247% |
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 19 October 2026 via checked.be.