VHTH CONSULT: 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.
VHTH CONSULT
Largest movements
- Cash +€81,821
up €81,821 (+308%), from €26,577 to €108,398
mainly Net result for the year (+€56,383) and Depreciation (+€15,493)
- Tangible fixed assets -€15,493
down €15,493 (-42.4%), from €36,562 to €21,069
of which Furniture and vehicles: -€13,333
- Receivables within one year -€8,582
down €8,582 (-21.0%), from €40,836 to €32,254
of which Other amounts receivable: -€9,792
- Reserves +€55,000
up €55,000 (+507%), from €10,855 to €65,855
of which Distributable reserves: +€55,000
- Tax, wage and social debts +€2,976
up €2,976 (+29.6%), from €10,039 to €13,015
of which Remuneration and social security: +€4,684
- Trade debts -€1,884
down €1,884 (-45.1%), from €4,181 to €2,297
- Gross operating margin +€71,651
up €71,651 (+93.7%), from €76,502 to €148,153
- Taxes +€24,804
up €24,804 (+363%), from €6,824 to €31,627
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 | €105,060 | €162,535 | +€57,475 | +54.7% |
| Fixed assets | 21/28 | €36,634 | €21,141 | -€15,493 | -42.3% |
| Tangible fixed assets | 22/27 | €36,562 | €21,069 | -€15,493 | -42.4% |
| Furniture and vehicles | 24 | €19,616 | €6,283 | -€13,333 | -68.0% |
| Other tangible fixed assets | 26 | €16,945 | €14,786 | -€2,159 | -12.7% |
| Financial fixed assets | 28 | €72 | €72 | = | 0.0% |
| Current assets | 29/58 | €68,426 | €141,393 | +€72,967 | +107% |
| Amounts receivable within one year | 40/41 | €40,836 | €32,254 | -€8,582 | -21.0% |
| Trade receivables | 40 | €16,638 | €17,848 | +€1,210 | +7.3% |
| Other amounts receivable | 41 | €24,198 | €14,407 | -€9,792 | -40.5% |
| Cash at bank and in hand | 54/58 | €26,577 | €108,398 | +€81,821 | +308% |
| Deferred charges and accrued income | 490/1 | €1,014 | €741 | -€272 | -26.9% |
| Total equity and liabilities | 10/49 | €105,060 | €162,535 | +€57,475 | +54.7% |
| Equity | 10/15 | €90,839 | €147,222 | +€56,383 | +62.1% |
| Contributions | 10/11 | €6,226 | €6,226 | = | 0.0% |
| Reserves | 13 | €10,855 | €65,855 | +€55,000 | +507% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €9,000 | €64,000 | +€55,000 | +611% |
| Profit (loss) carried forward | 14 | €73,759 | €75,141 | +€1,383 | +1.9% |
| Amounts payable | 17/49 | €14,221 | €15,313 | +€1,092 | +7.7% |
| Amounts payable within one year | 42/48 | €14,221 | €15,313 | +€1,092 | +7.7% |
| Trade debts | 44 | €4,181 | €2,297 | -€1,884 | -45.1% |
| Suppliers | 440/4 | €4,181 | €2,297 | -€1,884 | -45.1% |
| Taxes, remuneration and social security | 45 | €10,039 | €13,015 | +€2,976 | +29.6% |
| Taxes | 450/3 | €4,428 | €2,720 | -€1,707 | -38.6% |
| Remuneration and social security | 454/9 | €5,612 | €10,295 | +€4,684 | +83.5% |
| Remuneration, social security and pensions | 62 | €42,255 | €43,032 | +€777 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,804 | €15,493 | -€311 | -2.0% |
| Other operating charges | 640/8 | €2,211 | €1,335 | -€876 | -39.6% |
| Non-recurring operating charges | 66A | - | €127 | +€127 | |
| Gross operating margin | 9900 | €76,502 | €148,153 | +€71,651 | +93.7% |
| Operating profit (loss) | 9901 | €16,232 | €88,167 | +€71,935 | +443% |
| Financial income | 75/76B | €164 | €268 | +€104 | +63.3% |
| Recurring financial income | 75 | €164 | €268 | +€104 | +63.3% |
| Financial charges | 65/66B | €420 | €425 | +€5 | +1.2% |
| Recurring financial charges | 65 | €420 | €425 | +€5 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | €15,976 | €88,010 | +€72,034 | +451% |
| Income taxes | 67/77 | €6,824 | €31,627 | +€24,804 | +363% |
| Profit (loss) for the period | 9904 | €9,152 | €56,383 | +€47,231 | +516% |
| Profit (loss) for the period to be appropriated | 9905 | €9,152 | €56,383 | +€47,231 | +516% |
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 16 October 2026 via checked.be.