VPHUT: 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.
VPHUT
Largest movements
- Tangible fixed assets -€36,791
down €36,791 (-15.2%), from €241,988 to €205,197
of which Plant, machinery and equipment: -€30,665
- Cash -€24,571
down €24,571 (-49.1%), from €50,000 to €25,428
mainly Other debts (-€62,245) and Debts after one year (-€55,659)
- Receivables within one year -€19,704
down €19,704 (-20.7%), from €95,333 to €75,629
of which Other amounts receivable: -€23,097
- Deferred charges and accrued income +€7,889
up €7,889 (+17445.1%), from €45 to €7,934
- Other debts -€62,245
down €62,245 (-72.4%), from €85,995 to €23,750
- Debts after one year -€55,659
down €55,659 (-38.5%), from €144,560 to €88,901
- Trade debts +€27,741
up €27,741 (+130.0%), from €21,343 to €49,085
- Current portion of long-term debt +€11,493
up €11,493 (+24.0%), from €47,876 to €59,370
- Profit (loss) carried forward +€6,016
up €6,016 (+10.6%), from €56,931 to €62,947
- Staff costs +€41,603
up €41,603 (+30.5%), from €136,385 to €177,988
- Taxes -€11,666
down €11,666 (-82.9%), from €14,071 to €2,405
- Gross operating margin -€9,171
down €9,171 (-3.8%), from €243,086 to €233,915
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 | €409,040 | €333,653 | -€75,387 | -18.4% |
| Fixed assets | 21/28 | €258,542 | €219,522 | -€39,020 | -15.1% |
| Intangible fixed assets | 21 | €16,391 | €14,162 | -€2,229 | -13.6% |
| Tangible fixed assets | 22/27 | €241,988 | €205,197 | -€36,791 | -15.2% |
| Plant, machinery and equipment | 23 | €222,914 | €192,249 | -€30,665 | -13.8% |
| Furniture and vehicles | 24 | €19,074 | €12,948 | -€6,127 | -32.1% |
| Financial fixed assets | 28 | €163 | €163 | = | 0.0% |
| Current assets | 29/58 | €150,498 | €114,131 | -€36,367 | -24.2% |
| Stocks and contracts in progress | 3 | €5,120 | €5,120 | = | 0.0% |
| Stocks | 30/36 | €5,120 | €5,120 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €95,333 | €75,629 | -€19,704 | -20.7% |
| Trade receivables | 40 | €333 | €3,726 | +€3,393 | +1018.5% |
| Other amounts receivable | 41 | €95,000 | €71,903 | -€23,097 | -24.3% |
| Current investments | 50/53 | €0 | €20 | +€20 | |
| Cash at bank and in hand | 54/58 | €50,000 | €25,428 | -€24,571 | -49.1% |
| Deferred charges and accrued income | 490/1 | €45 | €7,934 | +€7,889 | +17445.1% |
| Total equity and liabilities | 10/49 | €409,040 | €333,653 | -€75,387 | -18.4% |
| Equity | 10/15 | €66,931 | €72,947 | +€6,016 | +9.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,931 | €62,947 | +€6,016 | +10.6% |
| Amounts payable | 17/49 | €342,109 | €260,705 | -€81,404 | -23.8% |
| Amounts payable after more than one year | 17 | €144,560 | €88,901 | -€55,659 | -38.5% |
| Financial debts | 170/4 | €144,560 | €88,901 | -€55,659 | -38.5% |
| Amounts payable within one year | 42/48 | €197,549 | €171,805 | -€25,744 | -13.0% |
| Current portion of amounts payable after more than one year | 42 | €47,876 | €59,370 | +€11,493 | +24.0% |
| Trade debts | 44 | €21,343 | €49,085 | +€27,741 | +130.0% |
| Suppliers | 440/4 | €21,343 | €49,085 | +€27,741 | +130.0% |
| Taxes, remuneration and social security | 45 | €42,334 | €39,600 | -€2,734 | -6.5% |
| Taxes | 450/3 | €18,679 | €11,896 | -€6,783 | -36.3% |
| Remuneration and social security | 454/9 | €23,655 | €27,704 | +€4,049 | +17.1% |
| Other amounts payable | 47/48 | €85,995 | €23,750 | -€62,245 | -72.4% |
| Remuneration, social security and pensions | 62 | €136,385 | €177,988 | +€41,603 | +30.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,818 | €39,020 | +€202 | +0.5% |
| Other operating charges | 640/8 | €1,220 | €1,727 | +€506 | +41.5% |
| Gross operating margin | 9900 | €243,086 | €233,915 | -€9,171 | -3.8% |
| Operating profit (loss) | 9901 | €66,663 | €15,180 | -€51,483 | -77.2% |
| Financial income | 75/76B | €10 | €6 | -€4 | -38.5% |
| Recurring financial income | 75 | €10 | €6 | -€4 | -38.5% |
| Financial charges | 65/66B | €7,681 | €6,765 | -€916 | -11.9% |
| Recurring financial charges | 65 | €7,681 | €6,765 | -€916 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | €58,991 | €8,422 | -€50,570 | -85.7% |
| Income taxes | 67/77 | €14,071 | €2,405 | -€11,666 | -82.9% |
| Profit (loss) for the period | 9904 | €44,920 | €6,016 | -€38,904 | -86.6% |
| Profit (loss) for the period to be appropriated | 9905 | €44,920 | €6,016 | -€38,904 | -86.6% |
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 30 September 2026 via checked.be.