V & E CONSULT: what changed
What changed
V & E CONSULT
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€60,557
2024 · €65,249-€4,692
Equity
€259,298
2024 · €198,741+€60,557
Cash
€5,354
2024 · €5,555-€201
Balance sheet total
€298,028
2024 · €243,813+€54,216
Largest movements
Assets
- Tangible fixed assets +€49,885
up €49,885 (+107%), from €46,429 to €96,313
of which Furniture and vehicles: +€44,052
- Receivables within one year +€18,392
up €18,392 (+1,631%), from €1,128 to €19,520
of which Trade receivables: +€18,382
- Current investments -€13,088
down €13,088 (-9.8%), from €133,296 to €120,207
Equity and liabilities
- Reserves +€60,557
up €60,557 (+30.6%), from €197,741 to €258,298
- Other debts -€9,444
no longer reported in 2025 (was €9,444)
- Tax, wage and social debts -€6,065
down €6,065 (-41.8%), from €14,516 to €8,451
- Debts after one year +€5,127
up €5,127 (+40.7%), from €12,605 to €17,731
- Current portion of long-term debt +€3,592
up €3,592 (+66.5%), from €5,402 to €8,994
Income statement
- Depreciation +€7,438
up €7,438 (+76.3%), from €9,755 to €17,193
- Taxes -€1,347
down €1,347 (-4.4%), from €30,532 to €29,185
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€65,249
Gross operating margin
+€725
Depreciation
-€7,438
Other operating charges
+€163
Financial income
+€757
Financial charges
-€245
Taxes
+€1,347
Result 2025
€60,557
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€45,069
Investment
-€53,989
Financing
+€8,719
Cash 2024
€5,555
From operations (derived)
+€45,069
Net result for the year
+€60,557
Depreciation
+€17,193
Receivables within one year
-€18,392
Deferred charges and accrued income
+€772
Trade debts
+€298
Tax, wage and social debts
-€6,065
Other debts
-€9,444
Accrued charges and deferred income
+€150
Investment (derived)
-€53,989
Investment in fixed assets (net)
-€67,077
Current investments
+€13,088
Financing
+€8,719
Debts after one year
+€5,127
Current portion of long-term debt
+€3,592
Cash 2025
€5,354
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €243,813 | €298,028 | +€54,216 | +22.2% |
| Fixed assets | 21/28 | €46,429 | €96,313 | +€49,885 | +107% |
| Tangible fixed assets | 22/27 | €46,429 | €96,313 | +€49,885 | +107% |
| Plant, machinery and equipment | 23 | €3,381 | €9,213 | +€5,832 | +173% |
| Furniture and vehicles | 24 | €43,048 | €87,100 | +€44,052 | +102% |
| Current assets | 29/58 | €197,384 | €201,715 | +€4,331 | +2.2% |
| Amounts receivable after more than one year | 29 | €54,500 | €54,500 | = | 0.0% |
| Other amounts receivable | 291 | €54,500 | €54,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,128 | €19,520 | +€18,392 | +1,631% |
| Trade receivables | 40 | €100 | €18,482 | +€18,382 | +18,382% |
| Other amounts receivable | 41 | €1,028 | €1,039 | +€11 | +1.0% |
| Current investments | 50/53 | €133,296 | €120,207 | -€13,088 | -9.8% |
| Cash at bank and in hand | 54/58 | €5,555 | €5,354 | -€201 | -3.6% |
| Deferred charges and accrued income | 490/1 | €2,905 | €2,134 | -€772 | -26.6% |
| Total equity and liabilities | 10/49 | €243,813 | €298,028 | +€54,216 | +22.2% |
| Equity | 10/15 | €198,741 | €259,298 | +€60,557 | +30.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €197,741 | €258,298 | +€60,557 | +30.6% |
| Distributable reserves | 133 | €197,741 | €258,298 | +€60,557 | +30.6% |
| Amounts payable | 17/49 | €45,071 | €38,730 | -€6,341 | -14.1% |
| Amounts payable after more than one year | 17 | €12,605 | €17,731 | +€5,127 | +40.7% |
| Financial debts | 170/4 | €12,605 | €17,731 | +€5,127 | +40.7% |
| Amounts payable within one year | 42/48 | €32,466 | €20,849 | -€11,618 | -35.8% |
| Current portion of amounts payable after more than one year | 42 | €5,402 | €8,994 | +€3,592 | +66.5% |
| Trade debts | 44 | €3,105 | €3,403 | +€298 | +9.6% |
| Suppliers | 440/4 | €3,105 | €3,403 | +€298 | +9.6% |
| Taxes, remuneration and social security | 45 | €14,516 | €8,451 | -€6,065 | -41.8% |
| Taxes | 450/3 | €14,516 | €8,451 | -€6,065 | -41.8% |
| Other amounts payable | 47/48 | €9,444 | - | -€9,444 | |
| Accrued charges and deferred income | 492/3 | - | €150 | +€150 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,755 | €17,193 | +€7,438 | +76.3% |
| Other operating charges | 640/8 | €801 | €638 | -€163 | -20.3% |
| Gross operating margin | 9900 | €104,755 | €105,480 | +€725 | +0.7% |
| Operating profit (loss) | 9901 | €94,200 | €87,649 | -€6,551 | -7.0% |
| Financial income | 75/76B | €2,349 | €3,106 | +€757 | +32.2% |
| Recurring financial income | 75 | €2,349 | €3,106 | +€757 | +32.2% |
| Financial charges | 65/66B | €768 | €1,013 | +€245 | +31.9% |
| Recurring financial charges | 65 | €768 | €1,013 | +€245 | +31.9% |
| Profit (loss) for the period before taxes | 9903 | €95,781 | €89,742 | -€6,039 | -6.3% |
| Income taxes | 67/77 | €30,532 | €29,185 | -€1,347 | -4.4% |
| Profit (loss) for the period | 9904 | €65,249 | €60,557 | -€4,692 | -7.2% |
| Profit (loss) for the period to be appropriated | 9905 | €65,249 | €60,557 | -€4,692 | -7.2% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.