VIHA: 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.
VIHA
Largest movements
- Current investments +€569,383
up €569,383 (+57.0%), from €999,677 to €1.6m
- Receivables within one year -€262,597
down €262,597 (-91.2%), from €287,915 to €25,318
of which Other amounts receivable: -€276,025
- Tangible fixed assets -€84,318
down €84,318 (-3.2%), from €2.6m to €2.5m
of which Land and buildings: -€82,667
- Reserves +€340,690
up €340,690 (+11.1%), from €3.1m to €3.4m
of which Distributable reserves: +€345,000
- Debts after one year -€75,284
down €75,284 (-10.8%), from €696,537 to €621,253
- Gross operating margin -€162,049
down €162,049 (-48.5%), from €334,278 to €172,229
- Financial income +€46,494
up €46,494 (+14.5%), from €319,767 to €366,261
of which Financial income: +€79,912
- Depreciation +€14,915
up €14,915 (+15.6%), from €95,836 to €110,750
- Financial charges +€3,485
up €3,485 (+11.2%), from €31,234 to €34,719
- Other operating charges +€3,358
up €3,358 (+28.1%), from €11,967 to €15,325
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.
Cash bridge derived
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 | €4,000,016 | €4,206,952 | +€206,936 | +5.2% |
| Fixed assets | 21/28 | €2,617,543 | €2,533,225 | -€84,318 | -3.2% |
| Tangible fixed assets | 22/27 | €2,617,543 | €2,533,225 | -€84,318 | -3.2% |
| Land and buildings | 22 | €2,612,230 | €2,529,564 | -€82,667 | -3.2% |
| Furniture and vehicles | 24 | €5,312 | €3,661 | -€1,651 | -31.1% |
| Current assets | 29/58 | €1,382,473 | €1,673,727 | +€291,254 | +21.1% |
| Amounts receivable within one year | 40/41 | €287,915 | €25,318 | -€262,597 | -91.2% |
| Trade receivables | 40 | €7,071 | €20,499 | +€13,428 | +189.9% |
| Other amounts receivable | 41 | €280,844 | €4,820 | -€276,025 | -98.3% |
| Current investments | 50/53 | €999,677 | €1,569,060 | +€569,383 | +57.0% |
| Cash at bank and in hand | 54/58 | €87,395 | €77,184 | -€10,211 | -11.7% |
| Deferred charges and accrued income | 490/1 | €7,487 | €2,165 | -€5,322 | -71.1% |
| Total equity and liabilities | 10/49 | €4,000,016 | €4,206,952 | +€206,936 | +5.2% |
| Equity | 10/15 | €3,080,193 | €3,424,539 | +€344,346 | +11.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €3,057,085 | €3,397,774 | +€340,690 | +11.1% |
| Tax-exempt reserves | 132 | €120,230 | €115,919 | -€4,310 | -3.6% |
| Distributable reserves | 133 | €2,936,855 | €3,281,855 | +€345,000 | +11.7% |
| Profit (loss) carried forward | 14 | €4,559 | €8,215 | +€3,656 | +80.2% |
| Provisions and deferred taxes | 16 | €40,077 | €38,640 | -€1,437 | -3.6% |
| Deferred taxes | 168 | €40,077 | €38,640 | -€1,437 | -3.6% |
| Amounts payable | 17/49 | €879,746 | €743,773 | -€135,973 | -15.5% |
| Amounts payable after more than one year | 17 | €696,537 | €621,253 | -€75,284 | -10.8% |
| Financial debts | 170/4 | €696,537 | €621,253 | -€75,284 | -10.8% |
| Amounts payable within one year | 42/48 | €179,509 | €121,613 | -€57,896 | -32.3% |
| Current portion of amounts payable after more than one year | 42 | €71,213 | €75,284 | +€4,071 | +5.7% |
| Trade debts | 44 | €24,209 | €5,990 | -€18,219 | -75.3% |
| Suppliers | 440/4 | €24,209 | €5,990 | -€18,219 | -75.3% |
| Taxes, remuneration and social security | 45 | €62,116 | €26,031 | -€36,084 | -58.1% |
| Taxes | 450/3 | €58,282 | €22,198 | -€36,084 | -61.9% |
| Remuneration and social security | 454/9 | €3,833 | €3,833 | = | 0.0% |
| Other amounts payable | 47/48 | €21,971 | €14,308 | -€7,663 | -34.9% |
| Accrued charges and deferred income | 492/3 | €3,700 | €907 | -€2,793 | -75.5% |
| Non-recurring operating income | 76A | €177,148 | €0 | -€177,148 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,836 | €110,750 | +€14,915 | +15.6% |
| Other operating charges | 640/8 | €11,967 | €15,325 | +€3,358 | +28.1% |
| Gross operating margin | 9900 | €334,278 | €172,229 | -€162,049 | -48.5% |
| Operating profit (loss) | 9901 | €226,476 | €46,154 | -€180,322 | -79.6% |
| Financial income | 75/76B | €319,767 | €366,261 | +€46,494 | +14.5% |
| Recurring financial income | 75 | €1,350 | €81,261 | +€79,912 | +5921.5% |
| Non-recurring financial income | 76B | €318,417 | €285,000 | -€33,417 | -10.5% |
| Financial charges | 65/66B | €31,234 | €34,719 | +€3,485 | +11.2% |
| Recurring financial charges | 65 | €31,234 | €34,719 | +€3,485 | +11.2% |
| Profit (loss) for the period before taxes | 9903 | €515,009 | €377,696 | -€137,313 | -26.7% |
| Transfer from deferred taxes | 780 | €711 | €1,437 | +€726 | +102.1% |
| Transfer to deferred taxes | 680 | €40,787 | €0 | -€40,787 | -100.0% |
| Income taxes | 67/77 | €32,306 | €34,787 | +€2,481 | +7.7% |
| Profit (loss) for the period | 9904 | €442,627 | €344,346 | -€98,281 | -22.2% |
| Transfer from tax-exempt reserves | 789 | €2,133 | €4,310 | +€2,178 | +102.1% |
| Transfer to tax-exempt reserves | 689 | €122,362 | €0 | -€122,362 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €322,397 | €348,656 | +€26,259 | +8.1% |
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 10 October 2026 via checked.be.