V CONSULT: 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 CONSULT
Largest movements
- Receivables within one year +€80,679
up €80,679 (+529%), from €15,246 to €95,925
of which Other amounts receivable: +€62,440
- Cash -€3,702
down €3,702 (-21.3%), from €17,353 to €13,651
mainly Receivables within one year (-€80,679) and Investment in fixed assets (net) (-€662)
- Reserves +€55,187
up €55,187 (+411%), from €13,426 to €68,613
- Tax, wage and social debts +€14,473
up €14,473 (+91.1%), from €15,886 to €30,359
of which Taxes: +€17,434
- Trade debts +€7,368
up €7,368 (+1,041%), from €708 to €8,077
- Gross operating margin +€72,635
up €72,635 (+199%), from €36,446 to €109,081
- Taxes +€21,059
up €21,059 (+450%), from €4,683 to €25,742
- Staff costs -€6,854
down €6,854 (-30.0%), from €22,877 to €16,023
- Other operating charges +€1,170
up €1,170 (+17.2%), from €6,796 to €7,966
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.
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 | €35,151 | €112,049 | +€76,898 | +219% |
| Fixed assets | 21/28 | €1,776 | €1,351 | -€425 | -23.9% |
| Tangible fixed assets | 22/27 | €1,776 | €1,351 | -€425 | -23.9% |
| Furniture and vehicles | 24 | €1,776 | €1,351 | -€425 | -23.9% |
| Current assets | 29/58 | €33,375 | €110,698 | +€77,323 | +232% |
| Amounts receivable within one year | 40/41 | €15,246 | €95,925 | +€80,679 | +529% |
| Trade receivables | 40 | €15,246 | €33,485 | +€18,239 | +120% |
| Other amounts receivable | 41 | - | €62,440 | +€62,440 | |
| Cash at bank and in hand | 54/58 | €17,353 | €13,651 | -€3,702 | -21.3% |
| Deferred charges and accrued income | 490/1 | €776 | €1,122 | +€346 | +44.6% |
| Total equity and liabilities | 10/49 | €35,151 | €112,049 | +€76,898 | +219% |
| Equity | 10/15 | €18,426 | €73,613 | +€55,187 | +300% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €13,426 | €68,613 | +€55,187 | +411% |
| Distributable reserves | 133 | €13,426 | €68,613 | +€55,187 | +411% |
| Amounts payable | 17/49 | €16,725 | €38,436 | +€21,711 | +130% |
| Amounts payable within one year | 42/48 | €16,725 | €38,436 | +€21,711 | +130% |
| Trade debts | 44 | €708 | €8,077 | +€7,368 | +1,041% |
| Suppliers | 440/4 | €708 | €8,077 | +€7,368 | +1,041% |
| Taxes, remuneration and social security | 45 | €15,886 | €30,359 | +€14,473 | +91.1% |
| Taxes | 450/3 | €12,774 | €30,207 | +€17,434 | +136% |
| Remuneration and social security | 454/9 | €3,112 | €152 | -€2,960 | -95.1% |
| Other amounts payable | 47/48 | €131 | €0 | -€131 | -100% |
| Remuneration, social security and pensions | 62 | €22,877 | €16,023 | -€6,854 | -30.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,429 | €1,087 | -€342 | -23.9% |
| Other operating charges | 640/8 | €6,796 | €7,966 | +€1,170 | +17.2% |
| Gross operating margin | 9900 | €36,446 | €109,081 | +€72,635 | +199% |
| Operating profit (loss) | 9901 | €5,344 | €84,005 | +€78,661 | +1,472% |
| Financial income | 75/76B | €0 | €0 | +€0 | +400% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +400% |
| Financial charges | 65/66B | €2,876 | €3,077 | +€200 | +7.0% |
| Recurring financial charges | 65 | €2,876 | €3,077 | +€200 | +7.0% |
| Profit (loss) for the period before taxes | 9903 | €2,468 | €80,929 | +€78,461 | +3,179% |
| Income taxes | 67/77 | €4,683 | €25,742 | +€21,059 | +450% |
| Profit (loss) for the period | 9904 | -€2,215 | €55,187 | +€57,402 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,215 | €55,187 | +€57,402 |
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 14 October 2026 via checked.be.