VVHDJ: 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.
VVHDJ
Largest movements
- Intangible fixed assets -€62,500
down €62,500 (-92.3%), from €67,708 to €5,208
- Cash +€16,498
up €16,498 (+200%), from €8,254 to €24,752
mainly Depreciation (+€64,245) and Net result for the year (+€9,908)
- Receivables within one year +€7,579
new in 2025: €7,579
of which Other amounts receivable: +€7,401
- Tangible fixed assets +€4,193
up €4,193 (+174%), from €2,411 to €6,604
- Debts after one year -€46,107
down €46,107 (-44.8%), from €102,850 to €56,743
of which Financial debts: -€24,237
- Profit (loss) carried forward +€9,908
up €9,908 (+12.6%), from -€78,451 to -€68,542
- Trade debts +€3,057
up €3,057 (+89.7%), from €3,410 to €6,467
- Current portion of long-term debt -€794
down €794 (-3.2%), from €25,031 to €24,237
- Gross operating margin +€15,447
up €15,447 (+25.0%), from €61,883 to €77,329
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 | €78,926 | €44,720 | -€34,205 | -43.3% |
| Fixed assets | 21/28 | €70,419 | €12,113 | -€58,307 | -82.8% |
| Intangible fixed assets | 21 | €67,708 | €5,208 | -€62,500 | -92.3% |
| Tangible fixed assets | 22/27 | €2,411 | €6,604 | +€4,193 | +174% |
| Furniture and vehicles | 24 | €2,411 | €6,604 | +€4,193 | +174% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €8,506 | €32,608 | +€24,102 | +283% |
| Amounts receivable within one year | 40/41 | - | €7,579 | +€7,579 | |
| Trade receivables | 40 | - | €178 | +€178 | |
| Other amounts receivable | 41 | - | €7,401 | +€7,401 | |
| Cash at bank and in hand | 54/58 | €8,254 | €24,752 | +€16,498 | +200% |
| Deferred charges and accrued income | 490/1 | €252 | €277 | +€24 | +9.7% |
| Total equity and liabilities | 10/49 | €78,926 | €44,720 | -€34,205 | -43.3% |
| Equity | 10/15 | -€59,851 | -€49,942 | +€9,908 | +16.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€78,451 | -€68,542 | +€9,908 | +12.6% |
| Amounts payable | 17/49 | €138,776 | €94,663 | -€44,114 | -31.8% |
| Amounts payable after more than one year | 17 | €102,850 | €56,743 | -€46,107 | -44.8% |
| Financial debts | 170/4 | €80,980 | €56,743 | -€24,237 | -29.9% |
| Trade debts | 175 | €21,870 | €0 | -€21,870 | -100% |
| Amounts payable within one year | 42/48 | €33,764 | €35,758 | +€1,994 | +5.9% |
| Current portion of amounts payable after more than one year | 42 | €25,031 | €24,237 | -€794 | -3.2% |
| Trade debts | 44 | €3,410 | €6,467 | +€3,057 | +89.7% |
| Suppliers | 440/4 | €3,410 | €6,467 | +€3,057 | +89.7% |
| Taxes, remuneration and social security | 45 | €5,324 | €5,054 | -€270 | -5.1% |
| Taxes | 450/3 | €5,324 | €5,054 | -€270 | -5.1% |
| Accrued charges and deferred income | 492/3 | €2,162 | €2,162 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,714 | €64,245 | +€531 | +0.8% |
| Other operating charges | 640/8 | €690 | €795 | +€105 | +15.3% |
| Gross operating margin | 9900 | €61,883 | €77,329 | +€15,447 | +25.0% |
| Operating profit (loss) | 9901 | -€2,522 | €12,289 | +€14,811 | |
| Financial income | 75/76B | €1 | €216 | +€215 | +15,471% |
| Recurring financial income | 75 | €1 | €216 | +€215 | +15,471% |
| Financial charges | 65/66B | €3,146 | €2,454 | -€692 | -22.0% |
| Recurring financial charges | 65 | €3,146 | €2,454 | -€692 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | -€5,666 | €10,052 | +€15,718 | |
| Income taxes | 67/77 | €137 | €143 | +€6 | +4.5% |
| Profit (loss) for the period | 9904 | -€5,803 | €9,908 | +€15,712 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,803 | €9,908 | +€15,712 |
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 23 October 2026 via checked.be.