VNH Concept: 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.
VNH Concept
Largest movements
- Cash -€20,603
down €20,603 (-10.3%), from €200,891 to €180,288
mainly Net result for the year (-€23,218) and Other debts (-€4,596)
- Tangible fixed assets -€3,036
down €3,036 (-66.4%), from €4,576 to €1,540
- Reserves -€50,000
down €50,000 (-32.4%), from €154,360 to €104,360
of which Distributable reserves: -€50,000
- Profit (loss) carried forward +€26,782
up €26,782 (+267.8%), from €10,002 to €36,785
- Trade debts +€5,045
up €5,045 (+8339.0%), from €61 to €5,106
- Other debts -€4,596
down €4,596 (-23.6%), from €19,473 to €14,877
- Gross operating margin -€32,313
down €32,313, from €13,404 to -€18,909
- Depreciation -€12,064
down €12,064 (-79.9%), from €15,100 to €3,036
- Taxes -€539
down €539 (-37.8%), from €1,425 to €886
- Financial income +€328
up €328 (+70.0%), from €469 to €797
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €206,861 | €184,657 | -€22,205 | -10.7% |
| Fixed assets | 21/28 | €4,576 | €1,540 | -€3,036 | -66.4% |
| Tangible fixed assets | 22/27 | €4,576 | €1,540 | -€3,036 | -66.4% |
| Furniture and vehicles | 24 | €4,576 | €1,540 | -€3,036 | -66.4% |
| Current assets | 29/58 | €202,286 | €183,117 | -€19,169 | -9.5% |
| Amounts receivable within one year | 40/41 | €1,195 | €1,961 | +€766 | +64.1% |
| Other amounts receivable | 41 | €1,195 | €1,961 | +€766 | +64.1% |
| Cash at bank and in hand | 54/58 | €200,891 | €180,288 | -€20,603 | -10.3% |
| Deferred charges and accrued income | 490/1 | €199 | €868 | +€669 | +336.0% |
| Total equity and liabilities | 10/49 | €206,861 | €184,657 | -€22,205 | -10.7% |
| Equity | 10/15 | €182,962 | €159,745 | -€23,218 | -12.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €154,360 | €104,360 | -€50,000 | -32.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €152,500 | €102,500 | -€50,000 | -32.8% |
| Profit (loss) carried forward | 14 | €10,002 | €36,785 | +€26,782 | +267.8% |
| Amounts payable | 17/49 | €23,899 | €24,912 | +€1,013 | +4.2% |
| Amounts payable within one year | 42/48 | €23,899 | €24,912 | +€1,013 | +4.2% |
| Trade debts | 44 | €61 | €5,106 | +€5,045 | +8339.0% |
| Suppliers | 440/4 | €61 | €5,106 | +€5,045 | +8339.0% |
| Taxes, remuneration and social security | 45 | €4,365 | €4,930 | +€565 | +12.9% |
| Taxes | 450/3 | €4,365 | €4,930 | +€565 | +12.9% |
| Other amounts payable | 47/48 | €19,473 | €14,877 | -€4,596 | -23.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,100 | €3,036 | -€12,064 | -79.9% |
| Other operating charges | 640/8 | €914 | €986 | +€71 | +7.8% |
| Gross operating margin | 9900 | €13,404 | -€18,909 | -€32,313 | |
| Operating profit (loss) | 9901 | -€2,611 | -€22,931 | -€20,321 | -778.4% |
| Financial income | 75/76B | €469 | €797 | +€328 | +70.0% |
| Recurring financial income | 75 | €469 | €797 | +€328 | +70.0% |
| Financial charges | 65/66B | €194 | €197 | +€3 | +1.6% |
| Recurring financial charges | 65 | €194 | €197 | +€3 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | -€2,336 | -€22,332 | -€19,995 | -855.9% |
| Income taxes | 67/77 | €1,425 | €886 | -€539 | -37.8% |
| Profit (loss) for the period | 9904 | -€3,762 | -€23,218 | -€19,456 | -517.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,762 | -€23,218 | -€19,456 | -517.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.