VVI Holding: 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.
VVI Holding
Largest movements
- Cash +€2.4m
up €2.4m (+6385.6%), from €38,176 to €2.5m
mainly Net result for the year (+€4.7m) and Smaller working-capital items (+€7,799)
- Reserves +€4.7m
up €4.7m (+85.2%), from €5.6m to €10.3m
- Debts after one year -€2.3m
down €2.3m (-7.1%), from €32.2m to €29.9m
- Financial income -€879,128
down €879,128 (-16.0%), from €5.5m to €4.6m
- Financial charges -€74,938
down €74,938 (-99.9%), from €75,018 to €80
- Taxes +€26,032
up €26,032 (+150.6%), from €17,289 to €43,321
- Services and other goods -€8,547
down €8,547 (-24.3%), from €35,163 to €26,616
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 | €100,062,989 | €102,500,700 | +€2.4m | +2.4% |
| Fixed assets | 21/28 | €100,000,000 | €100,000,000 | = | 0.0% |
| Financial fixed assets | 28 | €100,000,000 | €100,000,000 | = | 0.0% |
| Affiliated companies | 280/1 | €100,000,000 | €100,000,000 | = | 0.0% |
| Participating interests | 280 | €100,000,000 | €100,000,000 | = | 0.0% |
| Current assets | 29/58 | €62,989 | €2,500,700 | +€2.4m | +3870.1% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €20,861 | €18,861 | -€2,000 | -9.6% |
| Trade receivables | 40 | €18,150 | €18,150 | = | 0.0% |
| Other amounts receivable | 41 | €2,711 | €711 | -€2,000 | -73.8% |
| Cash at bank and in hand | 54/58 | €38,176 | €2,475,938 | +€2.4m | +6385.6% |
| Deferred charges and accrued income | 490/1 | €3,951 | €5,901 | +€1,950 | +49.4% |
| Total equity and liabilities | 10/49 | €100,062,989 | €102,500,700 | +€2.4m | +2.4% |
| Equity | 10/15 | €65,551,220 | €70,281,183 | +€4.7m | +7.2% |
| Contributions | 10/11 | €60,000,000 | €60,000,000 | = | 0.0% |
| Reserves | 13 | €5,551,220 | €10,281,183 | +€4.7m | +85.2% |
| Distributable reserves | 133 | €5,551,220 | €10,281,183 | +€4.7m | +85.2% |
| Amounts payable | 17/49 | €34,511,769 | €32,219,518 | -€2.3m | -6.6% |
| Amounts payable after more than one year | 17 | €32,200,000 | €29,900,000 | -€2.3m | -7.1% |
| Financial debts | 170/4 | €32,200,000 | €29,900,000 | -€2.3m | -7.1% |
| Other loans | 174 | €32,200,000 | €29,900,000 | -€2.3m | -7.1% |
| Amounts payable within one year | 42/48 | €2,309,729 | €2,317,478 | +€7,749 | +0.3% |
| Current portion of amounts payable after more than one year | 42 | €2,300,000 | €2,300,000 | = | 0.0% |
| Trade debts | 44 | €1,103 | €8,472 | +€7,369 | +667.8% |
| Suppliers | 440/4 | €1,103 | €8,472 | +€7,369 | +667.8% |
| Taxes, remuneration and social security | 45 | €8,625 | €9,005 | +€380 | +4.4% |
| Taxes | 450/3 | €8,625 | €9,005 | +€380 | +4.4% |
| Accrued charges and deferred income | 492/3 | €2,040 | €2,040 | = | 0.0% |
| Operating income | 70/76A | €180,000 | €180,000 | = | 0.0% |
| Turnover | 70 | €180,000 | €180,000 | = | 0.0% |
| Operating charges | 60/66A | €36,473 | €27,508 | -€8,965 | -24.6% |
| Services and other goods | 61 | €35,163 | €26,616 | -€8,547 | -24.3% |
| Other operating charges | 640/8 | €1,310 | €892 | -€418 | -31.9% |
| Operating profit (loss) | 9901 | €143,527 | €152,492 | +€8,965 | +6.2% |
| Financial income | 75/76B | €5,500,000 | €4,620,872 | -€879,128 | -16.0% |
| Recurring financial income | 75 | €5,500,000 | €4,620,872 | -€879,128 | -16.0% |
| Income from financial fixed assets | 750 | €5,500,000 | €4,600,000 | -€900,000 | -16.4% |
| Income from current assets | 751 | - | €20,848 | +€20,848 | |
| Other financial income | 752/9 | - | €24 | +€24 | |
| Financial charges | 65/66B | €75,018 | €80 | -€74,938 | -99.9% |
| Recurring financial charges | 65 | €75,018 | €80 | -€74,938 | -99.9% |
| Debt charges | 650 | €75,018 | €0 | -€75,018 | -100.0% |
| Other financial charges | 652/9 | - | €80 | +€80 | |
| Profit (loss) for the period before taxes | 9903 | €5,568,509 | €4,773,284 | -€795,225 | -14.3% |
| Income taxes | 67/77 | €17,289 | €43,321 | +€26,032 | +150.6% |
| Taxes | 670/3 | €17,289 | €43,321 | +€26,032 | +150.6% |
| Profit (loss) for the period | 9904 | €5,551,220 | €4,729,963 | -€821,257 | -14.8% |
| Profit (loss) for the period to be appropriated | 9905 | €5,551,220 | €4,729,963 | -€821,257 | -14.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.