VVH-ORL-NKO: what changed
Two financial 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.
VVH-ORL-NKO
Largest movements
- Cash +€40,682
up €40,682 (+45.8%), from €88,886 to €129,567
mainly Net result for the year (+€51,707) and Depreciation (+€6,736)
- Receivables within one year +€12,472
up €12,472 (+262%), from €4,765 to €17,237
- Tangible fixed assets -€4,929
down €4,929 (-41.7%), from €11,826 to €6,897
of which Furniture and vehicles: -€4,982
- Reserves +€51,707
up €51,707 (+24.5%), from €210,705 to €262,412
- Gross operating margin -€14,782
down €14,782 (-17.6%), from €83,866 to €69,084
- Taxes -€3,704
down €3,704 (-16.6%), from €22,272 to €18,568
- Financial income +€861
up €861 (+12.1%), from €7,110 to €7,971
of which Financial income: +€4,557
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.
Derived cash bridge
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 | €218,107 | €268,182 | +€50,075 | +23.0% |
| Fixed assets | 21/28 | €16,143 | €11,214 | -€4,929 | -30.5% |
| Tangible fixed assets | 22/27 | €11,826 | €6,897 | -€4,929 | -41.7% |
| Plant, machinery and equipment | 23 | €3,405 | €3,648 | +€243 | +7.1% |
| Furniture and vehicles | 24 | €7,007 | €2,025 | -€4,982 | -71.1% |
| Other tangible fixed assets | 26 | €1,414 | €1,224 | -€190 | -13.4% |
| Financial fixed assets | 28 | €4,317 | €4,317 | = | 0.0% |
| Current assets | 29/58 | €201,964 | €256,968 | +€55,004 | +27.2% |
| Amounts receivable after more than one year | 29 | €26,000 | €26,000 | = | 0.0% |
| Other amounts receivable | 291 | €26,000 | €26,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €4,765 | €17,237 | +€12,472 | +262% |
| Other amounts receivable | 41 | €4,765 | €17,237 | +€12,472 | +262% |
| Current investments | 50/53 | €70,572 | €70,572 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €88,886 | €129,567 | +€40,682 | +45.8% |
| Deferred charges and accrued income | 490/1 | €11,741 | €13,592 | +€1,850 | +15.8% |
| Total equity and liabilities | 10/49 | €218,107 | €268,182 | +€50,075 | +23.0% |
| Equity | 10/15 | €211,105 | €262,812 | +€51,707 | +24.5% |
| Contributions | 10/11 | €400 | €400 | = | 0.0% |
| Reserves | 13 | €210,705 | €262,412 | +€51,707 | +24.5% |
| Distributable reserves | 133 | €210,705 | €262,412 | +€51,707 | +24.5% |
| Amounts payable | 17/49 | €7,002 | €5,371 | -€1,631 | -23.3% |
| Amounts payable within one year | 42/48 | €7,002 | €5,371 | -€1,631 | -23.3% |
| Trade debts | 44 | €18 | €200 | +€182 | +1,002% |
| Suppliers | 440/4 | €18 | €200 | +€182 | +1,002% |
| Taxes, remuneration and social security | 45 | €6,984 | €5,171 | -€1,813 | -26.0% |
| Taxes | 450/3 | €6,984 | €5,171 | -€1,813 | -26.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,433 | €6,736 | -€697 | -9.4% |
| Gross operating margin | 9900 | €83,866 | €69,084 | -€14,782 | -17.6% |
| Operating profit (loss) | 9901 | €76,432 | €62,347 | -€14,085 | -18.4% |
| Financial income | 75/76B | €7,110 | €7,971 | +€861 | +12.1% |
| Recurring financial income | 75 | €3,414 | €7,971 | +€4,557 | +133% |
| Non-recurring financial income | 76B | €3,696 | - | -€3,696 | |
| Financial charges | 65/66B | €457 | €44 | -€414 | -90.5% |
| Recurring financial charges | 65 | €449 | €44 | -€406 | -90.3% |
| Non-recurring financial charges | 66B | €8 | - | -€8 | |
| Profit (loss) for the period before taxes | 9903 | €83,085 | €70,275 | -€12,810 | -15.4% |
| Income taxes | 67/77 | €22,272 | €18,568 | -€3,704 | -16.6% |
| Profit (loss) for the period | 9904 | €60,813 | €51,707 | -€9,106 | -15.0% |
| Profit (loss) for the period to be appropriated | 9905 | €60,813 | €51,707 | -€9,106 | -15.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.