VIHAS: what changed
Two fiscal 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.
VIHAS
Largest movements
- Receivables within one year -€19,946
down €19,946 (-66.7%), from €29,921 to €9,976
of which Trade receivables: -€20,599
- Stocks and contracts -€9,434
down €9,434 (-43.5%), from €21,685 to €12,251
- Tangible fixed assets -€1,897
down €1,897 (-41.1%), from €4,611 to €2,714
of which Furniture and vehicles: -€1,044
- Other debts -€17,471
down €17,471 (-10.1%), from €173,380 to €155,909
- Profit (loss) carried forward -€13,362
down €13,362 (-7.9%), from -€168,906 to -€182,268
- Gross operating margin +€29,839
up €29,839 (+81.2%), from -€36,730 to -€6,891
- Taxes -€5,291
down €5,291 (-100.0%), from €5,291 to €0
- Financial charges +€1,782
up €1,782 (+76.4%), from €2,333 to €4,115
- Other operating charges -€1,185
down €1,185 (-72.1%), from €1,644 to €459
- Depreciation -€904
down €904 (-32.3%), from €2,802 to €1,897
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 | €60,168 | €28,935 | -€31,234 | -51.9% |
| Fixed assets | 21/28 | €8,514 | €6,617 | -€1,897 | -22.3% |
| Tangible fixed assets | 22/27 | €4,611 | €2,714 | -€1,897 | -41.1% |
| Plant, machinery and equipment | 23 | €853 | €0 | -€853 | -100.0% |
| Furniture and vehicles | 24 | €3,758 | €2,714 | -€1,044 | -27.8% |
| Financial fixed assets | 28 | €3,903 | €3,903 | = | 0.0% |
| Current assets | 29/58 | €51,654 | €22,318 | -€29,336 | -56.8% |
| Stocks and contracts in progress | 3 | €21,685 | €12,251 | -€9,434 | -43.5% |
| Stocks | 30/36 | €21,685 | €12,251 | -€9,434 | -43.5% |
| Amounts receivable within one year | 40/41 | €29,921 | €9,976 | -€19,946 | -66.7% |
| Trade receivables | 40 | €27,444 | €6,845 | -€20,599 | -75.1% |
| Other amounts receivable | 41 | €2,477 | €3,130 | +€653 | +26.4% |
| Cash at bank and in hand | 54/58 | €48 | €92 | +€44 | +91.8% |
| Total equity and liabilities | 10/49 | €60,168 | €28,935 | -€31,234 | -51.9% |
| Equity | 10/15 | -€139,454 | -€152,817 | -€13,362 | -9.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €10,859 | €10,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,859 | €10,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,859 | €10,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€168,906 | -€182,268 | -€13,362 | -7.9% |
| Amounts payable | 17/49 | €199,623 | €181,752 | -€17,871 | -9.0% |
| Amounts payable within one year | 42/48 | €199,623 | €181,752 | -€17,871 | -9.0% |
| Financial debts | 43 | €25,000 | €25,000 | = | 0.0% |
| Credit institutions | 430/8 | €25,000 | €25,000 | = | 0.0% |
| Trade debts | 44 | €755 | €593 | -€163 | -21.5% |
| Suppliers | 440/4 | €755 | €593 | -€163 | -21.5% |
| Taxes, remuneration and social security | 45 | €488 | €250 | -€238 | -48.7% |
| Taxes | 450/3 | €488 | €50 | -€438 | -89.7% |
| Remuneration and social security | 454/9 | - | €200 | +€200 | |
| Other amounts payable | 47/48 | €173,380 | €155,909 | -€17,471 | -10.1% |
| Non-recurring operating income | 76A | €10,349 | €0 | -€10,349 | -100.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,802 | €1,897 | -€904 | -32.3% |
| Other operating charges | 640/8 | €1,644 | €459 | -€1,185 | -72.1% |
| Gross operating margin | 9900 | -€36,730 | -€6,891 | +€29,839 | +81.2% |
| Operating profit (loss) | 9901 | -€41,176 | -€9,247 | +€31,928 | +77.5% |
| Financial income | 75/76B | €26 | €0 | -€26 | -100.0% |
| Recurring financial income | 75 | €26 | €0 | -€26 | -100.0% |
| Financial charges | 65/66B | €2,333 | €4,115 | +€1,782 | +76.4% |
| Recurring financial charges | 65 | €2,333 | €4,115 | +€1,782 | +76.4% |
| Profit (loss) for the period before taxes | 9903 | -€43,483 | -€13,362 | +€30,120 | +69.3% |
| Income taxes | 67/77 | €5,291 | €0 | -€5,291 | -100.0% |
| Profit (loss) for the period | 9904 | -€48,773 | -€13,362 | +€35,411 | +72.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€48,773 | -€13,362 | +€35,411 | +72.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.