VVH PIRONT: 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.
What changed
VVH PIRONT
NACE 70.200, Business and other management consultancy
fiscal year 2025 against 2026filed annual accounts (NBB)
Net result for the year
€281,579
2025 · €72,222+€209,357
Equity
€1.4m
2025 · €1.1m+€281,579
Cash
€142,479
2025 · €310,351-€167,872
Balance sheet total
€5.7m
2025 · €5.5m+€203,190
Largest movements
Assets
- Financial fixed assets +€375,000
up €375,000 (+8.3%), from €4.5m to €4.9m
- Cash -€167,872
down €167,872 (-54.1%), from €310,351 to €142,479
mainly Investment in fixed assets (net) (-€375,000) and Provisions (-€58,284)
Equity and liabilities
- Profit (loss) carried forward +€281,579
up €281,579 (+40.1%), from €701,370 to €982,949
- Provisions -€58,284
down €58,284 (-1.9%), from €3.1m to €3.1m
Income statement
- Gross operating margin +€357,910
up €357,910 (+149.0%), from €240,132 to €598,043
- Financial charges +€82,772
up €82,772 (+146.8%), from €56,384 to €139,156
of which Financial charges: +€58,486
- Taxes +€65,442
up €65,442 (+230.3%), from €28,417 to €93,860
- Provisions +€14,700
no longer reported in 2026 (was -€14,700)
- Financial income +€11,054
up €11,054 (+127.5%), from €8,670 to €19,723
From the 2025 result to the 2026 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.
Result 2025
€72,222
Gross operating margin
+€357,910
Staff costs
-€2,002
Provisions
-€14,700
Other operating charges
-€437
Other operating items
+€5,747
Financial income
+€11,054
Financial charges
-€82,772
Taxes
-€65,442
Result 2026
€281,579
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€223,795
Investment
-€375,000
Financing
-€16,667
Cash 2025
€310,351
From operations (derived)
+€223,795
Net result for the year
+€281,579
Depreciation
+€20,796
Receivables within one year
-€1,454
Deferred charges and accrued income
-€15,404
Provisions
-€58,284
Trade debts
-€6,253
Tax, wage and social debts
-€23,869
Accrued charges and deferred income
+€26,684
Investment (derived)
-€375,000
Investment in fixed assets (net)
-€375,000
Financing
-€16,667
Debts after one year
-€16,667
Cash 2026
€142,479
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,509,015 | €5,712,205 | +€203,190 | +3.7% |
| Fixed assets | 21/28 | €5,191,585 | €5,545,789 | +€354,204 | +6.8% |
| Tangible fixed assets | 22/27 | €677,883 | €657,087 | -€20,796 | -3.1% |
| Land and buildings | 22 | €677,883 | €657,087 | -€20,796 | -3.1% |
| Financial fixed assets | 28 | €4,513,701 | €4,888,701 | +€375,000 | +8.3% |
| Current assets | 29/58 | €317,430 | €166,416 | -€151,014 | -47.6% |
| Amounts receivable within one year | 40/41 | €817 | €2,271 | +€1,454 | +178.0% |
| Trade receivables | 40 | €817 | €667 | -€150 | -18.3% |
| Other amounts receivable | 41 | - | €1,604 | +€1,604 | |
| Cash at bank and in hand | 54/58 | €310,351 | €142,479 | -€167,872 | -54.1% |
| Deferred charges and accrued income | 490/1 | €6,262 | €21,665 | +€15,404 | +246.0% |
| Total equity and liabilities | 10/49 | €5,509,015 | €5,712,205 | +€203,190 | +3.7% |
| Equity | 10/15 | €1,086,926 | €1,368,505 | +€281,579 | +25.9% |
| Contributions | 10/11 | €344,000 | €344,000 | = | 0.0% |
| Capital | 10 | €344,000 | €344,000 | = | 0.0% |
| Issued capital | 100 | €344,000 | €344,000 | = | 0.0% |
| Reserves | 13 | €41,556 | €41,556 | = | 0.0% |
| Non-distributable reserves | 130/1 | €34,400 | €34,400 | = | 0.0% |
| Legal reserve | 130 | €34,400 | €34,400 | = | 0.0% |
| Distributable reserves | 133 | €7,156 | €7,156 | = | 0.0% |
| Profit (loss) carried forward | 14 | €701,370 | €982,949 | +€281,579 | +40.1% |
| Provisions and deferred taxes | 16 | €3,125,162 | €3,066,877 | -€58,284 | -1.9% |
| Provisions for liabilities and charges | 160/5 | €3,125,162 | €3,066,877 | -€58,284 | -1.9% |
| Other liabilities and charges | 164/5 | €3,125,162 | €3,066,877 | -€58,284 | -1.9% |
| Amounts payable | 17/49 | €1,296,927 | €1,276,822 | -€20,105 | -1.6% |
| Amounts payable after more than one year | 17 | €1,212,149 | €1,195,482 | -€16,667 | -1.4% |
| Financial debts | 170/4 | €159,722 | €143,055 | -€16,667 | -10.4% |
| Other amounts payable | 178/9 | €1,052,426 | €1,052,426 | = | 0.0% |
| Amounts payable within one year | 42/48 | €80,620 | €50,498 | -€30,122 | -37.4% |
| Current portion of amounts payable after more than one year | 42 | €16,667 | €16,667 | = | 0.0% |
| Trade debts | 44 | €7,084 | €832 | -€6,253 | -88.3% |
| Suppliers | 440/4 | €7,084 | €832 | -€6,253 | -88.3% |
| Taxes, remuneration and social security | 45 | €56,869 | €33,000 | -€23,869 | -42.0% |
| Taxes | 450/3 | €42,042 | €22,625 | -€19,417 | -46.2% |
| Remuneration and social security | 454/9 | €14,827 | €10,375 | -€4,452 | -30.0% |
| Accrued charges and deferred income | 492/3 | €4,158 | €30,841 | +€26,684 | +641.8% |
| Remuneration, social security and pensions | 62 | €68,342 | €70,344 | +€2,002 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,796 | €20,796 | = | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€14,700 | - | +€14,700 | |
| Other operating charges | 640/8 | €11,594 | €12,031 | +€437 | +3.8% |
| Non-recurring operating charges | 66A | €5,747 | - | -€5,747 | |
| Gross operating margin | 9900 | €240,132 | €598,043 | +€357,910 | +149.0% |
| Operating profit (loss) | 9901 | €148,354 | €494,872 | +€346,518 | +233.6% |
| Financial income | 75/76B | €8,670 | €19,723 | +€11,054 | +127.5% |
| Recurring financial income | 75 | €8,670 | €19,723 | +€11,054 | +127.5% |
| Financial charges | 65/66B | €56,384 | €139,156 | +€82,772 | +146.8% |
| Recurring financial charges | 65 | €31,060 | €89,546 | +€58,486 | +188.3% |
| Non-recurring financial charges | 66B | €25,324 | €49,610 | +€24,286 | +95.9% |
| Profit (loss) for the period before taxes | 9903 | €100,639 | €375,439 | +€274,799 | +273.1% |
| Income taxes | 67/77 | €28,417 | €93,860 | +€65,442 | +230.3% |
| Profit (loss) for the period | 9904 | €72,222 | €281,579 | +€209,357 | +289.9% |
| Profit (loss) for the period to be appropriated | 9905 | €72,222 | €281,579 | +€209,357 | +289.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.