VHS 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.
VHS SOLUTIONS
Largest movements
- Tangible fixed assets +€13,357
up €13,357 (+32.0%), from €41,771 to €55,127
of which Plant, machinery and equipment: +€9,947
- Receivables within one year +€8,075
up €8,075 (+267%), from €3,019 to €11,093
of which Trade receivables: +€9,352
- Stocks and contracts +€3,535
up €3,535 (+88.3%), from €4,004 to €7,539
of which Stocks: +€1,789
- Other debts +€18,709
up €18,709 (+42.8%), from €43,665 to €62,374
- Debts after one year +€3,124
new in 2025: €3,124
- Trade debts +€2,713
up €2,713 (+82.4%), from €3,293 to €6,006
- Current portion of long-term debt +€1,954
new in 2025: €1,954
- Gross operating margin +€3,805
up €3,805 (+139%), from €2,733 to €6,537
- Depreciation +€3,169
up €3,169 (+97.3%), from €3,255 to €6,424
- Financial charges +€292
up €292 (+167%), from €175 to €467
- Other operating charges +€280
new in 2025: €280
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 | €51,284 | €77,193 | +€25,909 | +50.5% |
| Fixed assets | 21/28 | €41,771 | €55,127 | +€13,357 | +32.0% |
| Tangible fixed assets | 22/27 | €41,771 | €55,127 | +€13,357 | +32.0% |
| Plant, machinery and equipment | 23 | €13,790 | €23,737 | +€9,947 | +72.1% |
| Furniture and vehicles | 24 | €3,023 | €2,263 | -€760 | -25.1% |
| Leasing and similar rights | 25 | - | €5,879 | +€5,879 | |
| Other tangible fixed assets | 26 | €24,957 | €23,248 | -€1,709 | -6.8% |
| Current assets | 29/58 | €9,513 | €22,066 | +€12,553 | +132% |
| Stocks and contracts in progress | 3 | €4,004 | €7,539 | +€3,535 | +88.3% |
| Stocks | 30/36 | €3,250 | €5,039 | +€1,789 | +55.0% |
| Contracts in progress | 37 | €754 | €2,500 | +€1,746 | +232% |
| Amounts receivable within one year | 40/41 | €3,019 | €11,093 | +€8,075 | +267% |
| Trade receivables | 40 | €1,688 | €11,039 | +€9,352 | +554% |
| Other amounts receivable | 41 | €1,331 | €54 | -€1,277 | -96.0% |
| Cash at bank and in hand | 54/58 | €2,491 | €3,175 | +€684 | +27.5% |
| Deferred charges and accrued income | 490/1 | - | €259 | +€259 | |
| Total equity and liabilities | 10/49 | €51,284 | €77,193 | +€25,909 | +50.5% |
| Equity | 10/15 | €4,326 | €3,735 | -€590 | -13.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€674 | -€1,265 | -€590 | -87.6% |
| Amounts payable | 17/49 | €46,958 | €73,458 | +€26,500 | +56.4% |
| Amounts payable after more than one year | 17 | - | €3,124 | +€3,124 | |
| Financial debts | 170/4 | - | €3,124 | +€3,124 | |
| Amounts payable within one year | 42/48 | €46,958 | €70,334 | +€23,375 | +49.8% |
| Current portion of amounts payable after more than one year | 42 | - | €1,954 | +€1,954 | |
| Trade debts | 44 | €3,293 | €6,006 | +€2,713 | +82.4% |
| Suppliers | 440/4 | €3,293 | €6,006 | +€2,713 | +82.4% |
| Other amounts payable | 47/48 | €43,665 | €62,374 | +€18,709 | +42.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,255 | €6,424 | +€3,169 | +97.3% |
| Other operating charges | 640/8 | - | €280 | +€280 | |
| Gross operating margin | 9900 | €2,733 | €6,537 | +€3,805 | +139% |
| Operating profit (loss) | 9901 | -€523 | -€167 | +€356 | +68.1% |
| Financial income | 75/76B | €23 | €43 | +€20 | +87.3% |
| Recurring financial income | 75 | €23 | €43 | +€20 | +87.3% |
| Financial charges | 65/66B | €175 | €467 | +€292 | +167% |
| Recurring financial charges | 65 | €175 | €467 | +€292 | +167% |
| Profit (loss) for the period before taxes | 9903 | -€674 | -€590 | +€84 | +12.4% |
| Profit (loss) for the period | 9904 | -€674 | -€590 | +€84 | +12.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€674 | -€590 | +€84 | +12.4% |
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 17 October 2026 via checked.be.