VHS Soudage: 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 Soudage
Largest movements
- Receivables within one year +€27,164
up €27,164 (+120%), from €22,560 to €49,724
of which Trade receivables: +€23,954
- Tangible fixed assets +€17,284
up €17,284 (+46.9%), from €36,880 to €54,164
of which Furniture and vehicles: +€17,868
- Cash -€11,885
down €11,885 (-65.6%), from €18,127 to €6,242
mainly Investment in fixed assets (net) (-€33,630) and Receivables within one year (-€27,164)
- Debts after one year +€17,882
up €17,882 (+122%), from €14,644 to €32,525
- Profit (loss) carried forward +€16,549
up €16,549 (+72.4%), from €22,863 to €39,413
- Current portion of long-term debt +€8,582
up €8,582 (+116%), from €7,410 to €15,991
- Trade debts -€4,418
down €4,418 (-74.2%), from €5,956 to €1,538
- Other debts -€3,462
down €3,462 (-18.5%), from €18,755 to €15,293
- Gross operating margin +€32,598
up €32,598 (+406%), from €8,037 to €40,635
- Depreciation -€5,251
down €5,251 (-24.3%), from €21,597 to €16,345
- Taxes +€4,703
up €4,703, from €0 to €4,703
- Staff costs +€542
up €542 (+77.0%), from €704 to €1,246
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 | €77,567 | €110,130 | +€32,563 | +42.0% |
| Fixed assets | 21/28 | €36,880 | €54,164 | +€17,284 | +46.9% |
| Tangible fixed assets | 22/27 | €36,880 | €54,164 | +€17,284 | +46.9% |
| Plant, machinery and equipment | 23 | €1,119 | €535 | -€583 | -52.1% |
| Furniture and vehicles | 24 | €35,761 | €53,629 | +€17,868 | +50.0% |
| Current assets | 29/58 | €40,686 | €55,966 | +€15,279 | +37.6% |
| Amounts receivable within one year | 40/41 | €22,560 | €49,724 | +€27,164 | +120% |
| Trade receivables | 40 | €8,205 | €32,159 | +€23,954 | +292% |
| Other amounts receivable | 41 | €14,355 | €17,565 | +€3,210 | +22.4% |
| Cash at bank and in hand | 54/58 | €18,127 | €6,242 | -€11,885 | -65.6% |
| Total equity and liabilities | 10/49 | €77,567 | €110,130 | +€32,563 | +42.0% |
| Equity | 10/15 | €27,863 | €44,413 | +€16,549 | +59.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Contributions outside capital | 11 | - | €5,000 | +€5,000 | |
| Other | 1109/19 | - | €5,000 | +€5,000 | |
| Profit (loss) carried forward | 14 | €22,863 | €39,413 | +€16,549 | +72.4% |
| Amounts payable | 17/49 | €49,703 | €65,718 | +€16,014 | +32.2% |
| Amounts payable after more than one year | 17 | €14,644 | €32,525 | +€17,882 | +122% |
| Financial debts | 170/4 | €14,644 | €32,525 | +€17,882 | +122% |
| Amounts payable within one year | 42/48 | €34,685 | €33,192 | -€1,492 | -4.3% |
| Current portion of amounts payable after more than one year | 42 | €7,410 | €15,991 | +€8,582 | +116% |
| Trade debts | 44 | €5,956 | €1,538 | -€4,418 | -74.2% |
| Suppliers | 440/4 | €5,956 | €1,538 | -€4,418 | -74.2% |
| Taxes, remuneration and social security | 45 | €2,564 | €370 | -€2,194 | -85.6% |
| Remuneration and social security | 454/9 | €2,564 | €370 | -€2,194 | -85.6% |
| Other amounts payable | 47/48 | €18,755 | €15,293 | -€3,462 | -18.5% |
| Accrued charges and deferred income | 492/3 | €375 | - | -€375 | |
| Remuneration, social security and pensions | 62 | €704 | €1,246 | +€542 | +77.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,597 | €16,345 | -€5,251 | -24.3% |
| Other operating charges | 640/8 | €665 | €729 | +€64 | +9.6% |
| Gross operating margin | 9900 | €8,037 | €40,635 | +€32,598 | +406% |
| Operating profit (loss) | 9901 | -€14,929 | €22,315 | +€37,243 | |
| Financial income | 75/76B | €56 | €74 | +€18 | +31.4% |
| Recurring financial income | 75 | €56 | €74 | +€18 | +31.4% |
| Financial charges | 65/66B | €939 | €1,136 | +€196 | +20.9% |
| Recurring financial charges | 65 | €939 | €1,136 | +€196 | +20.9% |
| Profit (loss) for the period before taxes | 9903 | -€15,812 | €21,253 | +€37,065 | |
| Income taxes | 67/77 | €0 | €4,703 | +€4,703 | |
| Profit (loss) for the period | 9904 | -€15,812 | €16,549 | +€32,361 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,812 | €16,549 | +€32,361 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.