VYHO: 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.
VYHO
Largest movements
- Tangible fixed assets -€59,891
down €59,891 (-29.9%), from €200,261 to €140,370
of which Plant, machinery and equipment: -€56,490
- Receivables within one year +€42,461
up €42,461 (+47.9%), from €88,658 to €131,119
of which Trade receivables: +€53,847
- Stocks and contracts +€13,968
up €13,968 (+28.3%), from €49,441 to €63,409
of which Contracts in progress: +€8,944
- Debts after one year -€40,697
down €40,697 (-24.1%), from €168,863 to €128,166
of which Financial debts: -€30,046
- Short-term financial debts +€28,198
up €28,198 (+226%), from €12,503 to €40,701
- Trade debts -€23,100
down €23,100 (-30.8%), from €74,945 to €51,845
- Reserves +€21,000
up €21,000 (+43.8%), from €48,000 to €69,000
- Tax, wage and social debts +€13,570
up €13,570 (+165%), from €8,213 to €21,783
of which Taxes: +€7,616
- Purchases and services -€45,110
down €45,110 (-8.1%), from €557,754 to €512,644
- Gross operating margin +€35,670
up €35,670 (+33.2%), from €107,507 to €143,177
- Staff costs +€19,098
up €19,098 (+76.8%), from €24,874 to €43,972
- Turnover -€9,440
down €9,440 (-1.4%), from €665,261 to €655,821
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 | €344,640 | €343,990 | -€650 | -0.2% |
| Formation expenses | 20 | €240 | €80 | -€160 | -66.7% |
| Fixed assets | 21/28 | €202,561 | €142,670 | -€59,891 | -29.6% |
| Tangible fixed assets | 22/27 | €200,261 | €140,370 | -€59,891 | -29.9% |
| Plant, machinery and equipment | 23 | €187,344 | €130,854 | -€56,490 | -30.2% |
| Furniture and vehicles | 24 | €10,991 | €7,920 | -€3,071 | -27.9% |
| Other tangible fixed assets | 26 | €1,926 | €1,596 | -€330 | -17.1% |
| Financial fixed assets | 28 | €2,300 | €2,300 | = | 0.0% |
| Current assets | 29/58 | €141,839 | €201,240 | +€59,401 | +41.9% |
| Stocks and contracts in progress | 3 | €49,441 | €63,409 | +€13,968 | +28.3% |
| Stocks | 30/36 | €33,176 | €38,200 | +€5,024 | +15.1% |
| Contracts in progress | 37 | €16,265 | €25,209 | +€8,944 | +55.0% |
| Amounts receivable within one year | 40/41 | €88,658 | €131,119 | +€42,461 | +47.9% |
| Trade receivables | 40 | €61,346 | €115,193 | +€53,847 | +87.8% |
| Other amounts receivable | 41 | €27,312 | €15,926 | -€11,386 | -41.7% |
| Cash at bank and in hand | 54/58 | €4 | €3,400 | +€3,396 | +84,900% |
| Deferred charges and accrued income | 490/1 | €3,736 | €3,312 | -€424 | -11.3% |
| Total equity and liabilities | 10/49 | €344,640 | €343,990 | -€650 | -0.2% |
| Equity | 10/15 | €50,790 | €71,448 | +€20,658 | +40.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €48,000 | €69,000 | +€21,000 | +43.8% |
| Distributable reserves | 133 | €48,000 | €69,000 | +€21,000 | +43.8% |
| Profit (loss) carried forward | 14 | €790 | €448 | -€342 | -43.3% |
| Amounts payable | 17/49 | €293,850 | €272,542 | -€21,308 | -7.3% |
| Amounts payable after more than one year | 17 | €168,863 | €128,166 | -€40,697 | -24.1% |
| Financial debts | 170/4 | €115,939 | €85,893 | -€30,046 | -25.9% |
| Other amounts payable | 178/9 | €52,924 | €42,273 | -€10,651 | -20.1% |
| Amounts payable within one year | 42/48 | €124,987 | €144,376 | +€19,389 | +15.5% |
| Current portion of amounts payable after more than one year | 42 | €29,326 | €30,047 | +€721 | +2.5% |
| Financial debts | 43 | €12,503 | €40,701 | +€28,198 | +226% |
| Credit institutions | 430/8 | €12,503 | €40,701 | +€28,198 | +226% |
| Trade debts | 44 | €74,945 | €51,845 | -€23,100 | -30.8% |
| Suppliers | 440/4 | €74,945 | €51,845 | -€23,100 | -30.8% |
| Taxes, remuneration and social security | 45 | €8,213 | €21,783 | +€13,570 | +165% |
| Taxes | 450/3 | €1,843 | €9,459 | +€7,616 | +413% |
| Remuneration and social security | 454/9 | €6,370 | €12,324 | +€5,954 | +93.5% |
| Turnover | 70 | €665,261 | €655,821 | -€9,440 | -1.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €557,754 | €512,644 | -€45,110 | -8.1% |
| Remuneration, social security and pensions | 62 | €24,874 | €43,972 | +€19,098 | +76.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,736 | €61,087 | +€1,351 | +2.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,837 | +€1,837 | |
| Other operating charges | 640/8 | €1,093 | €209 | -€884 | -80.9% |
| Gross operating margin | 9900 | €107,507 | €143,177 | +€35,670 | +33.2% |
| Operating profit (loss) | 9901 | €21,804 | €36,072 | +€14,268 | +65.4% |
| Financial income | 75/76B | €13 | €51 | +€38 | +292% |
| Recurring financial income | 75 | €13 | €51 | +€38 | +292% |
| Financial charges | 65/66B | €10,404 | €8,730 | -€1,674 | -16.1% |
| Recurring financial charges | 65 | €10,404 | €8,730 | -€1,674 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €11,413 | €27,393 | +€15,980 | +140% |
| Income taxes | 67/77 | €1,842 | €6,735 | +€4,893 | +266% |
| Profit (loss) for the period | 9904 | €9,571 | €20,658 | +€11,087 | +116% |
| Profit (loss) for the period to be appropriated | 9905 | €9,571 | €20,658 | +€11,087 | +116% |
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 26 October 2026 via checked.be.