VVH_Vision: 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_Vision
Largest movements
- Tangible fixed assets -€3,496
down €3,496 (-36.4%), from €9,592 to €6,096
of which Other tangible fixed assets: -€3,156
- Cash +€2,849
up €2,849 (+6.4%), from €44,188 to €47,037
mainly Net result for the year (+€36,933) and Other debts (+€6,419)
- Receivables within one year +€2,536
up €2,536 (+24.2%), from €10,471 to €13,007
of which Other amounts receivable: +€2,905
- Other debts +€6,419
up €6,419 (+21.4%), from €30,000 to €36,419
- Tax, wage and social debts -€2,690
down €2,690 (-55.4%), from €4,860 to €2,170
- Debts after one year -€2,450
down €2,450 (-100.0%), from €2,450 to €0
- Reserves +€1,433
up €1,433 (+37.1%), from €3,862 to €5,296
- Gross operating margin +€9,524
up €9,524 (+21.4%), from €44,534 to €54,058
- Taxes +€1,974
up €1,974 (+23.6%), from €8,347 to €10,321
- Financial charges -€589
down €589 (-33.7%), from €1,749 to €1,160
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 | €64,250 | €66,140 | +€1,890 | +2.9% |
| Fixed assets | 21/28 | €9,592 | €6,096 | -€3,496 | -36.4% |
| Tangible fixed assets | 22/27 | €9,592 | €6,096 | -€3,496 | -36.4% |
| Furniture and vehicles | 24 | €731 | €391 | -€340 | -46.5% |
| Other tangible fixed assets | 26 | €8,861 | €5,705 | -€3,156 | -35.6% |
| Current assets | 29/58 | €54,658 | €60,044 | +€5,386 | +9.9% |
| Amounts receivable within one year | 40/41 | €10,471 | €13,007 | +€2,536 | +24.2% |
| Trade receivables | 40 | €10,197 | €9,828 | -€369 | -3.6% |
| Other amounts receivable | 41 | €274 | €3,179 | +€2,905 | +1062.1% |
| Cash at bank and in hand | 54/58 | €44,188 | €47,037 | +€2,849 | +6.4% |
| Total equity and liabilities | 10/49 | €64,250 | €66,140 | +€1,890 | +2.9% |
| Equity | 10/15 | €22,462 | €23,896 | +€1,433 | +6.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,862 | €5,296 | +€1,433 | +37.1% |
| Distributable reserves | 133 | €3,862 | €5,296 | +€1,433 | +37.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €41,788 | €42,244 | +€456 | +1.1% |
| Amounts payable after more than one year | 17 | €2,450 | €0 | -€2,450 | -100.0% |
| Financial debts | 170/4 | €2,450 | €0 | -€2,450 | -100.0% |
| Amounts payable within one year | 42/48 | €39,338 | €42,244 | +€2,906 | +7.4% |
| Current portion of amounts payable after more than one year | 42 | €2,638 | €2,450 | -€188 | -7.1% |
| Trade debts | 44 | €1,839 | €1,205 | -€634 | -34.5% |
| Suppliers | 440/4 | €1,839 | €1,205 | -€634 | -34.5% |
| Taxes, remuneration and social security | 45 | €4,860 | €2,170 | -€2,690 | -55.4% |
| Taxes | 450/3 | €4,860 | €2,170 | -€2,690 | -55.4% |
| Other amounts payable | 47/48 | €30,000 | €36,419 | +€6,419 | +21.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,496 | €3,496 | = | 0.0% |
| Other operating charges | 640/8 | €2,054 | €2,147 | +€93 | +4.5% |
| Gross operating margin | 9900 | €44,534 | €54,058 | +€9,524 | +21.4% |
| Operating profit (loss) | 9901 | €38,983 | €48,414 | +€9,431 | +24.2% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,749 | €1,160 | -€589 | -33.7% |
| Recurring financial charges | 65 | €1,749 | €1,160 | -€589 | -33.7% |
| Profit (loss) for the period before taxes | 9903 | €37,234 | €47,255 | +€10,020 | +26.9% |
| Income taxes | 67/77 | €8,347 | €10,321 | +€1,974 | +23.6% |
| Profit (loss) for the period | 9904 | €28,887 | €36,933 | +€8,047 | +27.9% |
| Profit (loss) for the period to be appropriated | 9905 | €28,887 | €36,933 | +€8,047 | +27.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.