V CONSULT: 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.
V CONSULT
Largest movements
- Current investments +€310,534
up €310,534 (+776.3%), from €40,000 to €350,534
- Tangible fixed assets +€167,903
new in 2025: €167,903
of which Land and buildings: +€160,157
- Cash -€122,716
down €122,716 (-84.7%), from €144,912 to €22,196
mainly Current investments (-€310,534) and Investment in fixed assets (net) (-€171,298)
- Receivables within one year +€10,954
up €10,954 (+24.1%), from €45,389 to €56,343
of which Trade receivables: +€12,247
- Deferred charges and accrued income +€6,723
up €6,723 (+325.3%), from €2,067 to €8,790
- Reserves +€171,309
up €171,309 (+112.4%), from €152,432 to €323,741
- Debts after one year +€168,322
new in 2025: €168,322
- Tax, wage and social debts +€22,332
up €22,332 (+34.4%), from €64,850 to €87,182
of which Taxes: +€21,832
- Trade debts +€13,674
up €13,674 (+510.7%), from €2,678 to €16,352
- Other debts -€6,287
down €6,287 (-88.0%), from €7,143 to €855
- Gross operating margin +€153,639
up €153,639 (+72.5%), from €211,847 to €365,487
- Taxes +€35,954
up €35,954 (+74.1%), from €48,540 to €84,494
- Other operating charges +€6,287
up €6,287 (+1729.3%), from €364 to €6,650
- Financial charges +€5,775
up €5,775 (+807.2%), from €715 to €6,490
of which Financial charges: +€3,643
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 | €232,367 | €605,767 | +€373,399 | +160.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | - | €167,903 | +€167,903 | |
| Tangible fixed assets | 22/27 | - | €167,903 | +€167,903 | |
| Land and buildings | 22 | - | €160,157 | +€160,157 | |
| Plant, machinery and equipment | 23 | - | €5,362 | +€5,362 | |
| Furniture and vehicles | 24 | - | €2,384 | +€2,384 | |
| Current assets | 29/58 | €232,367 | €437,863 | +€205,496 | +88.4% |
| Amounts receivable within one year | 40/41 | €45,389 | €56,343 | +€10,954 | +24.1% |
| Trade receivables | 40 | €41,340 | €53,587 | +€12,247 | +29.6% |
| Other amounts receivable | 41 | €4,049 | €2,756 | -€1,293 | -31.9% |
| Current investments | 50/53 | €40,000 | €350,534 | +€310,534 | +776.3% |
| Cash at bank and in hand | 54/58 | €144,912 | €22,196 | -€122,716 | -84.7% |
| Deferred charges and accrued income | 490/1 | €2,067 | €8,790 | +€6,723 | +325.3% |
| Total equity and liabilities | 10/49 | €232,367 | €605,767 | +€373,399 | +160.7% |
| Equity | 10/15 | €157,432 | €328,741 | +€171,309 | +108.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €152,432 | €323,741 | +€171,309 | +112.4% |
| Distributable reserves | 133 | €152,432 | €323,741 | +€171,309 | +112.4% |
| Amounts payable | 17/49 | €74,935 | €277,025 | +€202,090 | +269.7% |
| Amounts payable after more than one year | 17 | - | €168,322 | +€168,322 | |
| Financial debts | 170/4 | - | €168,322 | +€168,322 | |
| Amounts payable within one year | 42/48 | €74,671 | €104,390 | +€29,719 | +39.8% |
| Trade debts | 44 | €2,678 | €16,352 | +€13,674 | +510.7% |
| Suppliers | 440/4 | €2,678 | €16,352 | +€13,674 | +510.7% |
| Taxes, remuneration and social security | 45 | €64,850 | €87,182 | +€22,332 | +34.4% |
| Taxes | 450/3 | €64,850 | €86,682 | +€21,832 | +33.7% |
| Remuneration and social security | 454/9 | €0 | €500 | +€500 | |
| Other amounts payable | 47/48 | €7,143 | €855 | -€6,287 | -88.0% |
| Accrued charges and deferred income | 492/3 | €264 | €4,313 | +€4,049 | +1532.5% |
| Remuneration, social security and pensions | 62 | €1,417 | €3,068 | +€1,651 | +116.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,236 | €3,394 | +€2,158 | +174.6% |
| Other operating charges | 640/8 | €364 | €6,650 | +€6,287 | +1729.3% |
| Non-recurring operating charges | 66A | - | €19,187 | +€19,187 | |
| Gross operating margin | 9900 | €211,847 | €365,487 | +€153,639 | +72.5% |
| Operating profit (loss) | 9901 | €208,831 | €333,187 | +€124,356 | +59.5% |
| Financial income | 75/76B | - | €534 | +€534 | |
| Recurring financial income | 75 | - | €534 | +€534 | |
| Financial charges | 65/66B | €715 | €6,490 | +€5,775 | +807.2% |
| Recurring financial charges | 65 | €715 | €4,358 | +€3,643 | +509.2% |
| Non-recurring financial charges | 66B | - | €2,132 | +€2,132 | |
| Profit (loss) for the period before taxes | 9903 | €208,115 | €327,232 | +€119,116 | +57.2% |
| Income taxes | 67/77 | €48,540 | €84,494 | +€35,954 | +74.1% |
| Profit (loss) for the period | 9904 | €159,575 | €242,738 | +€83,163 | +52.1% |
| Profit (loss) for the period to be appropriated | 9905 | €159,575 | €242,738 | +€83,163 | +52.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.