VHT Machines: 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.
VHT Machines
Largest movements
- Receivables within one year +€901,540
up €901,540 (+196%), from €460,881 to €1.4m
of which Trade receivables: +€897,044
- Cash -€187,433
down €187,433 (-67.2%), from €279,023 to €91,591
mainly Receivables within one year (-€901,540) and Debts after one year (-€75,241)
- Tangible fixed assets -€70,557
down €70,557 (-26.7%), from €264,318 to €193,761
of which Furniture and vehicles: -€49,816
- Trade debts +€417,152
up €417,152 (+114%), from €364,586 to €781,738
- Reserves +€144,256
up €144,256 (+16.4%), from €877,523 to €1.0m
- Tax, wage and social debts +€142,499
up €142,499 (+188%), from €75,775 to €218,274
of which Taxes: +€142,561
- Debts after one year -€75,241
down €75,241 (-28.6%), from €263,076 to €187,835
- Staff costs +€25,443
up €25,443 (+16.4%), from €155,607 to €181,050
- Taxes +€7,832
up €7,832 (+12.0%), from €65,432 to €73,264
- Depreciation +€4,993
up €4,993 (+7.6%), from €65,564 to €70,557
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 | €1,691,434 | €2,322,382 | +€630,948 | +37.3% |
| Fixed assets | 21/28 | €714,321 | €643,764 | -€70,557 | -9.9% |
| Tangible fixed assets | 22/27 | €264,318 | €193,761 | -€70,557 | -26.7% |
| Land and buildings | 22 | €1,128 | €828 | -€300 | -26.6% |
| Plant, machinery and equipment | 23 | €83,216 | €62,776 | -€20,441 | -24.6% |
| Furniture and vehicles | 24 | €179,974 | €130,157 | -€49,816 | -27.7% |
| Financial fixed assets | 28 | €450,003 | €450,003 | = | 0.0% |
| Current assets | 29/58 | €977,114 | €1,678,619 | +€701,505 | +71.8% |
| Stocks and contracts in progress | 3 | €223,406 | €212,588 | -€10,818 | -4.8% |
| Stocks | 30/36 | €223,406 | €212,588 | -€10,818 | -4.8% |
| Amounts receivable within one year | 40/41 | €460,881 | €1,362,421 | +€901,540 | +196% |
| Trade receivables | 40 | €453,597 | €1,350,641 | +€897,044 | +198% |
| Other amounts receivable | 41 | €7,285 | €11,780 | +€4,496 | +61.7% |
| Cash at bank and in hand | 54/58 | €279,023 | €91,591 | -€187,433 | -67.2% |
| Deferred charges and accrued income | 490/1 | €13,803 | €12,020 | -€1,783 | -12.9% |
| Total equity and liabilities | 10/49 | €1,691,434 | €2,322,382 | +€630,948 | +37.3% |
| Equity | 10/15 | €897,523 | €1,041,779 | +€144,256 | +16.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €877,523 | €1,021,779 | +€144,256 | +16.4% |
| Distributable reserves | 133 | €877,523 | €1,021,779 | +€144,256 | +16.4% |
| Amounts payable | 17/49 | €793,911 | €1,280,603 | +€486,692 | +61.3% |
| Amounts payable after more than one year | 17 | €263,076 | €187,835 | -€75,241 | -28.6% |
| Financial debts | 170/4 | €263,076 | €187,835 | -€75,241 | -28.6% |
| Amounts payable within one year | 42/48 | €530,835 | €1,092,768 | +€561,933 | +106% |
| Current portion of amounts payable after more than one year | 42 | €90,473 | €75,241 | -€15,232 | -16.8% |
| Financial debts | 43 | - | €16,904 | +€16,904 | |
| Credit institutions | 430/8 | - | €16,904 | +€16,904 | |
| Trade debts | 44 | €364,586 | €781,738 | +€417,152 | +114% |
| Suppliers | 440/4 | €364,586 | €781,738 | +€417,152 | +114% |
| Taxes, remuneration and social security | 45 | €75,775 | €218,274 | +€142,499 | +188% |
| Taxes | 450/3 | €63,274 | €205,835 | +€142,561 | +225% |
| Remuneration and social security | 454/9 | €12,501 | €12,439 | -€62 | -0.5% |
| Other amounts payable | 47/48 | - | €611 | +€611 | |
| Remuneration, social security and pensions | 62 | €155,607 | €181,050 | +€25,443 | +16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,564 | €70,557 | +€4,993 | +7.6% |
| Other operating charges | 640/8 | €3,329 | €6,243 | +€2,914 | +87.5% |
| Gross operating margin | 9900 | €488,607 | €485,943 | -€2,664 | -0.5% |
| Operating profit (loss) | 9901 | €264,106 | €228,093 | -€36,013 | -13.6% |
| Financial income | 75/76B | €2,222 | €873 | -€1,350 | -60.7% |
| Recurring financial income | 75 | €722 | €873 | +€150 | +20.8% |
| Non-recurring financial income | 76B | €1,500 | - | -€1,500 | |
| Financial charges | 65/66B | €14,518 | €11,446 | -€3,073 | -21.2% |
| Recurring financial charges | 65 | €11,768 | €11,446 | -€323 | -2.7% |
| Non-recurring financial charges | 66B | €2,750 | - | -€2,750 | |
| Profit (loss) for the period before taxes | 9903 | €251,810 | €217,520 | -€34,290 | -13.6% |
| Income taxes | 67/77 | €65,432 | €73,264 | +€7,832 | +12.0% |
| Profit (loss) for the period | 9904 | €186,378 | €144,256 | -€42,122 | -22.6% |
| Profit (loss) for the period to be appropriated | 9905 | €186,378 | €144,256 | -€42,122 | -22.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.