VHT IMMOBILIER: what changed
VHT IMMOBILIER
Largest movements
- Cash +€5,947
up €5,947 (+23.7%), from €25,094 to €31,041
mainly Other debts (+€60,000) and Net result for the year (+€22,346)
- Receivables within one year +€5,715
up €5,715 (+10.7%), from €53,604 to €59,320
of which Other amounts receivable: +€6,820
- Other debts +€60,000
new in 2025: €60,000
- Profit (loss) carried forward -€27,654
down €27,654 (-88.3%), from €31,325 to €3,672
- Tax, wage and social debts -€10,629
down €10,629 (-35.3%), from €30,134 to €19,504
of which Taxes: -€8,853
- Reserves -€10,000
no longer reported in 2025 (was €10,000)
- Short-term financial debts -€2,721
no longer reported in 2025 (was €2,721)
- Gross operating margin -€15,830
down €15,830 (-33.8%), from €46,898 to €31,067
- Depreciation -€4,319
down €4,319 (-86.6%), from €4,986 to €668
- Taxes -€1,832
down €1,832 (-18.1%), from €10,100 to €8,269
- Other operating charges +€1,129
up €1,129 (+102%), from €1,107 to €2,235
- Financial charges -€996
down €996 (-66.1%), from €1,507 to €511
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €79,876 | €91,496 | +€11,619 | +14.5% |
| Fixed assets | 21/28 | €739 | €1,115 | +€376 | +50.9% |
| Tangible fixed assets | 22/27 | €739 | €1,115 | +€376 | +50.9% |
| Furniture and vehicles | 24 | €739 | €1,115 | +€376 | +50.9% |
| Current assets | 29/58 | €79,137 | €90,381 | +€11,243 | +14.2% |
| Amounts receivable within one year | 40/41 | €53,604 | €59,320 | +€5,715 | +10.7% |
| Trade receivables | 40 | €1,105 | - | -€1,105 | |
| Other amounts receivable | 41 | €52,499 | €59,320 | +€6,820 | +13.0% |
| Cash at bank and in hand | 54/58 | €25,094 | €31,041 | +€5,947 | +23.7% |
| Deferred charges and accrued income | 490/1 | €439 | €21 | -€419 | -95.3% |
| Total equity and liabilities | 10/49 | €79,876 | €91,496 | +€11,619 | +14.5% |
| Equity | 10/15 | €44,325 | €6,672 | -€37,654 | -84.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €10,000 | - | -€10,000 | |
| Distributable reserves | 133 | €10,000 | - | -€10,000 | |
| Profit (loss) carried forward | 14 | €31,325 | €3,672 | -€27,654 | -88.3% |
| Amounts payable | 17/49 | €35,551 | €84,824 | +€49,273 | +139% |
| Amounts payable within one year | 42/48 | €35,551 | €84,824 | +€49,273 | +139% |
| Current portion of amounts payable after more than one year | 42 | - | €2,539 | +€2,539 | |
| Financial debts | 43 | €2,721 | - | -€2,721 | |
| Credit institutions | 430/8 | €2,721 | - | -€2,721 | |
| Trade debts | 44 | €2,696 | €2,781 | +€85 | +3.1% |
| Suppliers | 440/4 | €2,696 | €2,781 | +€85 | +3.1% |
| Taxes, remuneration and social security | 45 | €30,134 | €19,504 | -€10,629 | -35.3% |
| Taxes | 450/3 | €28,358 | €19,504 | -€8,853 | -31.2% |
| Remuneration and social security | 454/9 | €1,776 | - | -€1,776 | |
| Other amounts payable | 47/48 | - | €60,000 | +€60,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,986 | €668 | -€4,319 | -86.6% |
| Other operating charges | 640/8 | €1,107 | €2,235 | +€1,129 | +102% |
| Gross operating margin | 9900 | €46,898 | €31,067 | -€15,830 | -33.8% |
| Operating profit (loss) | 9901 | €40,804 | €28,164 | -€12,641 | -31.0% |
| Financial income | 75/76B | €2,526 | €2,962 | +€437 | +17.3% |
| Recurring financial income | 75 | €2,526 | €2,962 | +€437 | +17.3% |
| Financial charges | 65/66B | €1,507 | €511 | -€996 | -66.1% |
| Recurring financial charges | 65 | €1,507 | €511 | -€996 | -66.1% |
| Profit (loss) for the period before taxes | 9903 | €41,823 | €30,615 | -€11,208 | -26.8% |
| Income taxes | 67/77 | €10,100 | €8,269 | -€1,832 | -18.1% |
| Profit (loss) for the period | 9904 | €31,723 | €22,346 | -€9,377 | -29.6% |
| Profit (loss) for the period to be appropriated | 9905 | €31,723 | €22,346 | -€9,377 | -29.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.