vnhk: 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.
vnhk
Largest movements
- Receivables within one year -€1,842
down €1,842 (-44.4%), from €4,150 to €2,308
of which Trade receivables: -€1,940
- Tangible fixed assets -€773
down €773 (-36.6%), from €2,114 to €1,341
of which Furniture and vehicles: -€618
- Cash +€534
up €534 (+5.1%), from €10,523 to €11,057
mainly Receivables within one year (+€1,842) and Net result for the year (+€1,119)
- Other debts -€4,243
down €4,243 (-51.1%), from €8,297 to €4,054
- Reserves +€1,051
new in 2025: €1,051
- Trade debts +€818
up €818 (+153.7%), from €533 to €1,351
- Gross operating margin +€2,363
up €2,363 (+83.7%), from €2,821 to €5,184
- Taxes +€1,514
up €1,514, from -€0 to €1,514
- Other operating charges +€615
up €615 (+93.7%), from €656 to €1,271
- Depreciation +€284
up €284 (+58.3%), from €488 to €773
- Financial charges -€74
down €74 (-12.8%), from €581 to €507
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 | €17,909 | €15,825 | -€2,084 | -11.6% |
| Fixed assets | 21/28 | €2,114 | €1,341 | -€773 | -36.6% |
| Tangible fixed assets | 22/27 | €2,114 | €1,341 | -€773 | -36.6% |
| Plant, machinery and equipment | 23 | €420 | €265 | -€155 | -36.8% |
| Furniture and vehicles | 24 | €1,694 | €1,076 | -€618 | -36.5% |
| Current assets | 29/58 | €15,795 | €14,484 | -€1,311 | -8.3% |
| Stocks and contracts in progress | 3 | €1,055 | €1,096 | +€41 | +3.9% |
| Stocks | 30/36 | €1,055 | €1,096 | +€41 | +3.9% |
| Amounts receivable within one year | 40/41 | €4,150 | €2,308 | -€1,842 | -44.4% |
| Trade receivables | 40 | €4,150 | €2,210 | -€1,940 | -46.7% |
| Other amounts receivable | 41 | - | €98 | +€98 | |
| Cash at bank and in hand | 54/58 | €10,523 | €11,057 | +€534 | +5.1% |
| Deferred charges and accrued income | 490/1 | €67 | €23 | -€44 | -65.9% |
| Total equity and liabilities | 10/49 | €17,909 | €15,825 | -€2,084 | -11.6% |
| Equity | 10/15 | €5,932 | €7,051 | +€1,119 | +18.9% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | - | €1,051 | +€1,051 | |
| Distributable reserves | 133 | - | €1,051 | +€1,051 | |
| Profit (loss) carried forward | 14 | -€68 | - | +€68 | |
| Amounts payable | 17/49 | €11,977 | €8,774 | -€3,203 | -26.7% |
| Amounts payable within one year | 42/48 | €11,977 | €8,774 | -€3,203 | -26.7% |
| Financial debts | 43 | - | €168 | +€168 | |
| Credit institutions | 430/8 | - | €168 | +€168 | |
| Trade debts | 44 | €533 | €1,351 | +€818 | +153.7% |
| Suppliers | 440/4 | €533 | €1,351 | +€818 | +153.7% |
| Taxes, remuneration and social security | 45 | €3,147 | €3,201 | +€54 | +1.7% |
| Taxes | 450/3 | €3,147 | €3,201 | +€54 | +1.7% |
| Other amounts payable | 47/48 | €8,297 | €4,054 | -€4,243 | -51.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €488 | €773 | +€284 | +58.3% |
| Other operating charges | 640/8 | €656 | €1,271 | +€615 | +93.7% |
| Gross operating margin | 9900 | €2,821 | €5,184 | +€2,363 | +83.7% |
| Operating profit (loss) | 9901 | €1,677 | €3,140 | +€1,463 | +87.3% |
| Financial income | 75/76B | €14 | - | -€14 | |
| Recurring financial income | 75 | €14 | - | -€14 | |
| Financial charges | 65/66B | €581 | €507 | -€74 | -12.8% |
| Recurring financial charges | 65 | €581 | €507 | -€74 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | €1,110 | €2,633 | +€1,524 | +137.3% |
| Income taxes | 67/77 | -€0 | €1,514 | +€1,514 | |
| Profit (loss) for the period | 9904 | €1,110 | €1,119 | +€9 | +0.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,110 | €1,119 | +€9 | +0.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.