VPH Consult: 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.
VPH Consult
Largest movements
- Receivables within one year +€6,686
up €6,686 (+82.6%), from €8,094 to €14,781
of which Trade receivables: +€6,584
- Tangible fixed assets -€2,153
down €2,153 (-27.0%), from €7,965 to €5,812
of which Plant, machinery and equipment: -€1,596
- Trade debts +€7,550
new in 2025: €7,550
- Reserves -€4,249
down €4,249 (-3.8%), from €112,952 to €108,703
of which Non-distributable reserves: -€4,249
- Gross operating margin +€17,570
up €17,570 (+159.1%), from €11,045 to €28,614
- Taxes +€6,350
up €6,350 (+195.9%), from €3,241 to €9,591
- Depreciation -€590
down €590 (-21.5%), from €2,743 to €2,153
- Write-downs +€438
new in 2025: €438
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 | €130,443 | €134,518 | +€4,075 | +3.1% |
| Fixed assets | 21/28 | €7,965 | €5,812 | -€2,153 | -27.0% |
| Tangible fixed assets | 22/27 | €7,965 | €5,812 | -€2,153 | -27.0% |
| Plant, machinery and equipment | 23 | €7,408 | €5,812 | -€1,596 | -21.5% |
| Furniture and vehicles | 24 | €557 | - | -€557 | |
| Current assets | 29/58 | €122,478 | €128,706 | +€6,228 | +5.1% |
| Amounts receivable within one year | 40/41 | €8,094 | €14,781 | +€6,686 | +82.6% |
| Trade receivables | 40 | €8,092 | €14,676 | +€6,584 | +81.4% |
| Other amounts receivable | 41 | €3 | €105 | +€102 | +4097.6% |
| Cash at bank and in hand | 54/58 | €114,384 | €113,925 | -€458 | -0.4% |
| Total equity and liabilities | 10/49 | €130,443 | €134,518 | +€4,075 | +3.1% |
| Equity | 10/15 | €112,963 | €108,714 | -€4,249 | -3.8% |
| Contributions | 10/11 | €11 | €11 | = | 0.0% |
| Outside capital | 11 | €11 | €11 | = | 0.0% |
| Share premium | 1100/10 | €11 | €11 | = | 0.0% |
| Reserves | 13 | €112,952 | €108,703 | -€4,249 | -3.8% |
| Non-distributable reserves | 130/1 | €105,274 | €101,025 | -€4,249 | -4.0% |
| Reserves not available under the articles | 1311 | €105,274 | €101,025 | -€4,249 | -4.0% |
| Distributable reserves | 133 | €7,678 | €7,678 | = | 0.0% |
| Amounts payable | 17/49 | €17,481 | €25,805 | +€8,324 | +47.6% |
| Amounts payable within one year | 42/48 | €17,481 | €25,805 | +€8,324 | +47.6% |
| Trade debts | 44 | - | €7,550 | +€7,550 | |
| Suppliers | 440/4 | - | €7,550 | +€7,550 | |
| Taxes, remuneration and social security | 45 | €14,938 | €14,895 | -€44 | -0.3% |
| Taxes | 450/3 | €14,938 | €14,895 | -€44 | -0.3% |
| Other amounts payable | 47/48 | €2,542 | €3,360 | +€818 | +32.2% |
| Remuneration, social security and pensions | 62 | - | €102 | +€102 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,743 | €2,153 | -€590 | -21.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €438 | +€438 | |
| Other operating charges | 640/8 | €451 | €465 | +€14 | +3.2% |
| Gross operating margin | 9900 | €11,045 | €28,614 | +€17,570 | +159.1% |
| Operating profit (loss) | 9901 | €7,851 | €25,456 | +€17,606 | +224.3% |
| Financial charges | 65/66B | €40 | €114 | +€75 | +187.8% |
| Recurring financial charges | 65 | €40 | €114 | +€75 | +187.8% |
| Profit (loss) for the period before taxes | 9903 | €7,811 | €25,342 | +€17,531 | +224.4% |
| Income taxes | 67/77 | €3,241 | €9,591 | +€6,350 | +195.9% |
| Profit (loss) for the period | 9904 | €4,570 | €15,751 | +€11,181 | +244.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,570 | €15,751 | +€11,181 | +244.7% |
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 3 October 2026 via checked.be.