VVM Westhoek: 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.
VVM Westhoek
Largest movements
- Receivables within one year -€17,247
down €17,247 (-100%), from €17,247 to €0
of which Trade receivables: -€15,791
- Tangible fixed assets -€15,523
down €15,523 (-31.8%), from €48,837 to €33,315
of which Other tangible fixed assets: -€8,367
- Deferred charges and accrued income +€7,975
up €7,975 (+21.2%), from €37,657 to €45,632
- Cash -€3,290
down €3,290 (-20.5%), from €16,053 to €12,763
mainly Net result for the year (-€33,657) and Trade debts (-€12,097)
- Profit (loss) carried forward -€33,657
down €33,657 (-10.9%), from -€309,966 to -€343,623
- Debts after one year +€16,242
up €16,242 (+4.1%), from €400,016 to €416,259
- Trade debts -€12,097
down €12,097 (-97.5%), from €12,407 to €310
- Tax, wage and social debts +€1,552
up €1,552 (+2,501%), from €62 to €1,614
of which Taxes: +€1,552
- Staff costs -€16,144
down €16,144 (-100%), from €16,144 to €0
- Gross operating margin -€12,729
down €12,729, from €11,472 to -€1,258
- Financial charges +€2,071
up €2,071 (+14.6%), from €14,212 to €16,284
- Depreciation -€702
down €702 (-4.3%), from €16,224 to €15,523
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 | €122,644 | €94,559 | -€28,085 | -22.9% |
| Fixed assets | 21/28 | €51,687 | €36,165 | -€15,523 | -30.0% |
| Tangible fixed assets | 22/27 | €48,837 | €33,315 | -€15,523 | -31.8% |
| Furniture and vehicles | 24 | €7,238 | €82 | -€7,156 | -98.9% |
| Other tangible fixed assets | 26 | €41,599 | €33,232 | -€8,367 | -20.1% |
| Financial fixed assets | 28 | €2,850 | €2,850 | = | 0.0% |
| Current assets | 29/58 | €70,957 | €58,395 | -€12,562 | -17.7% |
| Amounts receivable within one year | 40/41 | €17,247 | €0 | -€17,247 | -100% |
| Trade receivables | 40 | €15,791 | €0 | -€15,791 | -100% |
| Other amounts receivable | 41 | €1,456 | €0 | -€1,456 | -100% |
| Cash at bank and in hand | 54/58 | €16,053 | €12,763 | -€3,290 | -20.5% |
| Deferred charges and accrued income | 490/1 | €37,657 | €45,632 | +€7,975 | +21.2% |
| Total equity and liabilities | 10/49 | €122,644 | €94,559 | -€28,085 | -22.9% |
| Equity | 10/15 | -€289,966 | -€323,623 | -€33,657 | -11.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€309,966 | -€343,623 | -€33,657 | -10.9% |
| Amounts payable | 17/49 | €412,610 | €418,182 | +€5,572 | +1.4% |
| Amounts payable after more than one year | 17 | €400,016 | €416,259 | +€16,242 | +4.1% |
| Other amounts payable | 178/9 | €400,016 | €416,259 | +€16,242 | +4.1% |
| Amounts payable within one year | 42/48 | €12,469 | €1,924 | -€10,546 | -84.6% |
| Trade debts | 44 | €12,407 | €310 | -€12,097 | -97.5% |
| Suppliers | 440/4 | €12,407 | €310 | -€12,097 | -97.5% |
| Taxes, remuneration and social security | 45 | €62 | €1,614 | +€1,552 | +2,501% |
| Taxes | 450/3 | €62 | €1,614 | +€1,552 | +2,501% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €125 | €0 | -€125 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €16,144 | €0 | -€16,144 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,224 | €15,523 | -€702 | -4.3% |
| Other operating charges | 640/8 | €631 | €593 | -€39 | -6.1% |
| Gross operating margin | 9900 | €11,472 | -€1,258 | -€12,729 | |
| Operating profit (loss) | 9901 | -€21,528 | -€17,373 | +€4,155 | +19.3% |
| Financial charges | 65/66B | €14,212 | €16,284 | +€2,071 | +14.6% |
| Recurring financial charges | 65 | €14,212 | €16,284 | +€2,071 | +14.6% |
| Profit (loss) for the period before taxes | 9903 | -€35,740 | -€33,657 | +€2,084 | +5.8% |
| Income taxes | 67/77 | €62 | €0 | -€62 | -100% |
| Profit (loss) for the period | 9904 | -€35,802 | -€33,657 | +€2,146 | +6.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,802 | -€33,657 | +€2,146 | +6.0% |
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 1 November 2026 via checked.be.