V.B. 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.
V.B. CONSULTING
Largest movements
- Receivables within one year +€22,193
up €22,193 (+171.6%), from €12,932 to €35,125
of which Trade receivables: +€18,295
- Tangible fixed assets -€17,216
down €17,216 (-5.0%), from €346,670 to €329,454
of which Land and buildings: -€10,428
- Cash +€14,635
up €14,635 (+14.3%), from €102,532 to €117,167
mainly Net result for the year (+€63,331) and Other debts (+€50,169)
- Current investments -€10,000
down €10,000 (-6.7%), from €150,000 to €140,000
- Other debts +€50,169
up €50,169 (+304.3%), from €16,484 to €66,653
- Debts after one year -€39,226
down €39,226 (-40.5%), from €96,939 to €57,714
- Reserves +€11,661
up €11,661 (+2.6%), from €446,327 to €457,988
of which Distributable reserves: +€12,805
- Tax, wage and social debts -€7,394
down €7,394 (-28.5%), from €25,938 to €18,544
- Financial charges +€53,698
up €53,698 (+858.9%), from €6,252 to €59,950
- Gross operating margin +€14,809
up €14,809 (+10.1%), from €146,376 to €161,185
- Taxes -€11,290
down €11,290 (-30.6%), from €36,893 to €25,603
- Depreciation +€1,826
up €1,826 (+11.9%), from €15,358 to €17,184
- Financial income +€1,640
up €1,640 (+49.3%), from €3,326 to €4,966
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 | €673,109 | €682,193 | +€9,084 | +1.3% |
| Fixed assets | 21/28 | €406,719 | €389,503 | -€17,216 | -4.2% |
| Tangible fixed assets | 22/27 | €346,670 | €329,454 | -€17,216 | -5.0% |
| Land and buildings | 22 | €302,834 | €292,406 | -€10,428 | -3.4% |
| Plant, machinery and equipment | 23 | €40,155 | €34,321 | -€5,834 | -14.5% |
| Furniture and vehicles | 24 | €1,356 | €402 | -€954 | -70.3% |
| Other tangible fixed assets | 26 | €2,325 | €2,325 | = | 0.0% |
| Financial fixed assets | 28 | €60,050 | €60,050 | = | 0.0% |
| Current assets | 29/58 | €266,390 | €292,689 | +€26,299 | +9.9% |
| Amounts receivable within one year | 40/41 | €12,932 | €35,125 | +€22,193 | +171.6% |
| Trade receivables | 40 | €0 | €18,295 | +€18,295 | |
| Other amounts receivable | 41 | €12,932 | €16,829 | +€3,898 | +30.1% |
| Current investments | 50/53 | €150,000 | €140,000 | -€10,000 | -6.7% |
| Cash at bank and in hand | 54/58 | €102,532 | €117,167 | +€14,635 | +14.3% |
| Deferred charges and accrued income | 490/1 | €926 | €398 | -€528 | -57.1% |
| Total equity and liabilities | 10/49 | €673,109 | €682,193 | +€9,084 | +1.3% |
| Equity | 10/15 | €477,253 | €488,914 | +€11,661 | +2.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €446,327 | €457,988 | +€11,661 | +2.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €25,225 | €24,080 | -€1,145 | -4.5% |
| Distributable reserves | 133 | €419,242 | €432,048 | +€12,805 | +3.1% |
| Profit (loss) carried forward | 14 | €12,326 | €12,326 | = | 0.0% |
| Provisions and deferred taxes | 16 | €10,303 | €9,835 | -€468 | -4.5% |
| Deferred taxes | 168 | €10,303 | €9,835 | -€468 | -4.5% |
| Amounts payable | 17/49 | €185,553 | €183,443 | -€2,109 | -1.1% |
| Amounts payable after more than one year | 17 | €96,939 | €57,714 | -€39,226 | -40.5% |
| Financial debts | 170/4 | €96,939 | €57,714 | -€39,226 | -40.5% |
| Amounts payable within one year | 42/48 | €88,316 | €125,730 | +€37,414 | +42.4% |
| Current portion of amounts payable after more than one year | 42 | €44,892 | €39,226 | -€5,666 | -12.6% |
| Trade debts | 44 | €1,003 | €1,307 | +€304 | +30.4% |
| Suppliers | 440/4 | €1,003 | €1,307 | +€304 | +30.4% |
| Taxes, remuneration and social security | 45 | €25,938 | €18,544 | -€7,394 | -28.5% |
| Taxes | 450/3 | €25,938 | €18,544 | -€7,394 | -28.5% |
| Other amounts payable | 47/48 | €16,484 | €66,653 | +€50,169 | +304.3% |
| Accrued charges and deferred income | 492/3 | €297 | €0 | -€297 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,358 | €17,184 | +€1,826 | +11.9% |
| Other operating charges | 640/8 | €451 | €518 | +€67 | +14.9% |
| Non-recurring operating charges | 66A | - | €32 | +€32 | |
| Gross operating margin | 9900 | €146,376 | €161,185 | +€14,809 | +10.1% |
| Operating profit (loss) | 9901 | €130,567 | €143,451 | +€12,884 | +9.9% |
| Financial income | 75/76B | €3,326 | €4,966 | +€1,640 | +49.3% |
| Recurring financial income | 75 | €3,326 | €4,966 | +€1,640 | +49.3% |
| Financial charges | 65/66B | €6,252 | €59,950 | +€53,698 | +858.9% |
| Recurring financial charges | 65 | €6,252 | €59,950 | +€53,698 | +858.9% |
| Profit (loss) for the period before taxes | 9903 | €127,640 | €88,466 | -€39,174 | -30.7% |
| Transfer from deferred taxes | 780 | €468 | €468 | = | 0.0% |
| Income taxes | 67/77 | €36,893 | €25,603 | -€11,290 | -30.6% |
| Profit (loss) for the period | 9904 | €91,215 | €63,331 | -€27,884 | -30.6% |
| Transfer from tax-exempt reserves | 789 | €1,145 | €1,145 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €92,360 | €64,475 | -€27,884 | -30.2% |
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 12 October 2026 via checked.be.