VH Process Engineering: 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.
VH Process Engineering
Largest movements
- Cash +€76,795
up €76,795 (+146.3%), from €52,482 to €129,277
mainly Net result for the year (+€94,325) and Receivables within one year (+€17,848)
- Tangible fixed assets +€29,719
up €29,719 (+945.0%), from €3,145 to €32,864
- Current investments +€20,000
new in 2025: €20,000
- Receivables within one year -€17,848
down €17,848 (-73.8%), from €24,200 to €6,353
- Profit (loss) carried forward +€94,325
up €94,325 (+170.5%), from €55,311 to €149,636
- Tax, wage and social debts +€14,371
up €14,371 (+70.5%), from €20,378 to €34,749
- Gross operating margin +€56,958
up €56,958 (+81.5%), from €69,866 to €126,823
- Taxes +€11,056
up €11,056 (+79.0%), from €14,000 to €25,057
- Depreciation +€7,038
up €7,038 (+1937.1%), from €363 to €7,401
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 | €80,259 | €189,016 | +€108,757 | +135.5% |
| Fixed assets | 21/28 | €3,145 | €32,864 | +€29,719 | +945.0% |
| Tangible fixed assets | 22/27 | €3,145 | €32,864 | +€29,719 | +945.0% |
| Furniture and vehicles | 24 | €3,145 | €32,864 | +€29,719 | +945.0% |
| Current assets | 29/58 | €77,114 | €156,153 | +€79,039 | +102.5% |
| Amounts receivable within one year | 40/41 | €24,200 | €6,353 | -€17,848 | -73.8% |
| Trade receivables | 40 | €24,200 | €6,353 | -€17,848 | -73.8% |
| Current investments | 50/53 | - | €20,000 | +€20,000 | |
| Cash at bank and in hand | 54/58 | €52,482 | €129,277 | +€76,795 | +146.3% |
| Deferred charges and accrued income | 490/1 | €432 | €523 | +€91 | +21.1% |
| Total equity and liabilities | 10/49 | €80,259 | €189,016 | +€108,757 | +135.5% |
| Equity | 10/15 | €59,311 | €153,636 | +€94,325 | +159.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,311 | €149,636 | +€94,325 | +170.5% |
| Amounts payable | 17/49 | €20,948 | €35,381 | +€14,432 | +68.9% |
| Amounts payable within one year | 42/48 | €20,948 | €35,381 | +€14,432 | +68.9% |
| Trade debts | 44 | €363 | €425 | +€62 | +16.9% |
| Suppliers | 440/4 | €363 | €425 | +€62 | +16.9% |
| Taxes, remuneration and social security | 45 | €20,378 | €34,749 | +€14,371 | +70.5% |
| Taxes | 450/3 | €20,378 | €34,749 | +€14,371 | +70.5% |
| Other amounts payable | 47/48 | €207 | €207 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €363 | €7,401 | +€7,038 | +1937.1% |
| Other operating charges | 640/8 | €161 | €66 | -€95 | -59.1% |
| Gross operating margin | 9900 | €69,866 | €126,823 | +€56,958 | +81.5% |
| Operating profit (loss) | 9901 | €69,342 | €119,356 | +€50,015 | +72.1% |
| Financial income | 75/76B | - | €114 | +€114 | |
| Recurring financial income | 75 | - | €114 | +€114 | |
| Financial charges | 65/66B | €31 | €89 | +€58 | +189.7% |
| Recurring financial charges | 65 | €31 | €89 | +€58 | +189.7% |
| Profit (loss) for the period before taxes | 9903 | €69,311 | €119,382 | +€50,071 | +72.2% |
| Income taxes | 67/77 | €14,000 | €25,057 | +€11,056 | +79.0% |
| Profit (loss) for the period | 9904 | €55,311 | €94,325 | +€39,014 | +70.5% |
| Profit (loss) for the period to be appropriated | 9905 | €55,311 | €94,325 | +€39,014 | +70.5% |
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 8 October 2026 via checked.be.