Filip Vanhee Consulting: 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.
Filip Vanhee Consulting
Largest movements
- Cash -€66,306
down €66,306 (-66.5%), from €99,706 to €33,399
mainly Contributions, distributions and other (-€109,352) and Current portion of long-term debt (-€19,967)
- Receivables within one year -€16,660
down €16,660 (-59.3%), from €28,109 to €11,449
of which Other amounts receivable: -€13,855
- Tangible fixed assets -€6,473
down €6,473 (-3.8%), from €169,961 to €163,488
of which Land and buildings: -€5,437
- Reserves -€74,065
down €74,065 (-34.9%), from €212,512 to €138,447
- Current portion of long-term debt -€19,967
down €19,967 (-100%), from €19,967 to €0
- Other debts +€3,791
up €3,791 (+9.0%), from €41,955 to €45,746
- Gross operating margin -€10,503
down €10,503 (-14.3%), from €73,325 to €62,823
- Taxes -€3,137
down €3,137 (-15.8%), from €19,896 to €16,758
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €297,807 | €208,337 | -€89,471 | -30.0% |
| Fixed assets | 21/28 | €169,961 | €163,488 | -€6,473 | -3.8% |
| Tangible fixed assets | 22/27 | €169,961 | €163,488 | -€6,473 | -3.8% |
| Land and buildings | 22 | €167,266 | €161,829 | -€5,437 | -3.3% |
| Furniture and vehicles | 24 | €2,694 | €1,659 | -€1,036 | -38.4% |
| Current assets | 29/58 | €127,847 | €44,849 | -€82,998 | -64.9% |
| Amounts receivable within one year | 40/41 | €28,109 | €11,449 | -€16,660 | -59.3% |
| Trade receivables | 40 | €13,009 | €10,205 | -€2,804 | -21.6% |
| Other amounts receivable | 41 | €15,100 | €1,245 | -€13,855 | -91.8% |
| Cash at bank and in hand | 54/58 | €99,706 | €33,399 | -€66,306 | -66.5% |
| Deferred charges and accrued income | 490/1 | €32 | €0 | -€32 | -100% |
| Total equity and liabilities | 10/49 | €297,807 | €208,337 | -€89,471 | -30.0% |
| Equity | 10/15 | €224,912 | €150,847 | -€74,065 | -32.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €212,512 | €138,447 | -€74,065 | -34.9% |
| Distributable reserves | 133 | €212,512 | €138,447 | -€74,065 | -34.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €72,895 | €57,489 | -€15,406 | -21.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €70,008 | €54,457 | -€15,551 | -22.2% |
| Current portion of amounts payable after more than one year | 42 | €19,967 | €0 | -€19,967 | -100% |
| Trade debts | 44 | €1,379 | €3,336 | +€1,958 | +142% |
| Suppliers | 440/4 | €1,379 | €3,336 | +€1,958 | +142% |
| Advances received on contracts in progress | 46 | - | €915 | +€915 | |
| Taxes, remuneration and social security | 45 | €6,707 | €4,459 | -€2,248 | -33.5% |
| Taxes | 450/3 | €6,707 | €4,459 | -€2,248 | -33.5% |
| Other amounts payable | 47/48 | €41,955 | €45,746 | +€3,791 | +9.0% |
| Accrued charges and deferred income | 492/3 | €2,888 | €3,033 | +€145 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,993 | €6,473 | -€520 | -7.4% |
| Other operating charges | 640/8 | €1,408 | €930 | -€479 | -34.0% |
| Gross operating margin | 9900 | €73,325 | €62,823 | -€10,503 | -14.3% |
| Operating profit (loss) | 9901 | €64,924 | €55,420 | -€9,504 | -14.6% |
| Financial income | 75/76B | €300 | €46 | -€254 | -84.7% |
| Recurring financial income | 75 | €300 | €46 | -€254 | -84.7% |
| Financial charges | 65/66B | €3,467 | €3,421 | -€46 | -1.3% |
| Recurring financial charges | 65 | €3,467 | €3,421 | -€46 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | €61,758 | €52,046 | -€9,712 | -15.7% |
| Income taxes | 67/77 | €19,896 | €16,758 | -€3,137 | -15.8% |
| Profit (loss) for the period | 9904 | €41,862 | €35,287 | -€6,575 | -15.7% |
| Profit (loss) for the period to be appropriated | 9905 | €41,862 | €35,287 | -€6,575 | -15.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.