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 +€169,453
up €169,453 (+11.2%), from €1.5m to €1.7m
- Tangible fixed assets -€33,154
down €33,154 (-21.6%), from €153,653 to €120,499
of which Furniture and vehicles: -€16,874
- Reserves +€157,642
up €157,642 (+22.9%), from €689,437 to €847,079
- Financial income +€14,313
up €14,313 (+31.6%), from €45,334 to €59,647
- Gross operating margin +€9,162
up €9,162 (+4.3%), from €214,589 to €223,751
- Taxes +€6,030
up €6,030 (+8.7%), from €69,294 to €75,324
- Other operating charges +€4,431
up €4,431 (+209.9%), from €2,111 to €6,542
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 | €1,813,097 | €1,953,816 | +€140,719 | +7.8% |
| Fixed assets | 21/28 | €153,653 | €120,499 | -€33,154 | -21.6% |
| Tangible fixed assets | 22/27 | €153,653 | €120,499 | -€33,154 | -21.6% |
| Land and buildings | 22 | €21,440 | €20,430 | -€1,010 | -4.7% |
| Furniture and vehicles | 24 | €35,170 | €18,297 | -€16,874 | -48.0% |
| Other tangible fixed assets | 26 | €97,043 | €81,772 | -€15,271 | -15.7% |
| Current assets | 29/58 | €1,659,443 | €1,833,317 | +€173,874 | +10.5% |
| Amounts receivable within one year | 40/41 | €78,310 | €67,523 | -€10,787 | -13.8% |
| Trade receivables | 40 | €78,223 | €67,416 | -€10,807 | -13.8% |
| Other amounts receivable | 41 | €86 | €107 | +€21 | +23.9% |
| Current investments | 50/53 | €1,512,620 | €1,682,073 | +€169,453 | +11.2% |
| Cash at bank and in hand | 54/58 | €68,514 | €83,722 | +€15,208 | +22.2% |
| Total equity and liabilities | 10/49 | €1,813,097 | €1,953,816 | +€140,719 | +7.8% |
| Equity | 10/15 | €1,752,159 | €1,906,301 | +€154,142 | +8.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €689,437 | €847,079 | +€157,642 | +22.9% |
| Distributable reserves | 133 | €689,437 | €847,079 | +€157,642 | +22.9% |
| Profit (loss) carried forward | 14 | €1,056,522 | €1,053,022 | -€3,500 | -0.3% |
| Amounts payable | 17/49 | €60,938 | €47,515 | -€13,422 | -22.0% |
| Amounts payable within one year | 42/48 | €60,938 | €47,515 | -€13,422 | -22.0% |
| Trade debts | 44 | €5,792 | €8,965 | +€3,173 | +54.8% |
| Suppliers | 440/4 | €5,792 | €8,965 | +€3,173 | +54.8% |
| Advances received on contracts in progress | 46 | €18,924 | - | -€18,924 | |
| Taxes, remuneration and social security | 45 | €35,764 | €38,411 | +€2,647 | +7.4% |
| Taxes | 450/3 | €35,764 | €38,411 | +€2,647 | +7.4% |
| Other amounts payable | 47/48 | €458 | €140 | -€318 | -69.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,515 | €33,154 | -€1,360 | -3.9% |
| Other operating charges | 640/8 | €2,111 | €6,542 | +€4,431 | +209.9% |
| Gross operating margin | 9900 | €214,589 | €223,751 | +€9,162 | +4.3% |
| Operating profit (loss) | 9901 | €177,963 | €184,054 | +€6,091 | +3.4% |
| Financial income | 75/76B | €45,334 | €59,647 | +€14,313 | +31.6% |
| Recurring financial income | 75 | €45,334 | €59,647 | +€14,313 | +31.6% |
| Financial charges | 65/66B | €8,608 | €10,735 | +€2,127 | +24.7% |
| Recurring financial charges | 65 | €8,608 | €10,735 | +€2,127 | +24.7% |
| Profit (loss) for the period before taxes | 9903 | €214,689 | €232,966 | +€18,277 | +8.5% |
| Income taxes | 67/77 | €69,294 | €75,324 | +€6,030 | +8.7% |
| Profit (loss) for the period | 9904 | €145,395 | €157,642 | +€12,246 | +8.4% |
| Profit (loss) for the period to be appropriated | 9905 | €145,395 | €157,642 | +€12,246 | +8.4% |
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 5 October 2026 via checked.be.