V.G.A. 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.G.A. CONSULTING
Largest movements
- Tangible fixed assets -€74,558
down €74,558 (-12.0%), from €623,060 to €548,502
- Receivables within one year +€23,857
up €23,857 (+26.4%), from €90,305 to €114,162
of which Other amounts receivable: +€40,025
- Debts after one year -€34,938
down €34,938 (-7.1%), from €494,217 to €459,279
- Investment grants -€20,667
down €20,667 (-10.0%), from €206,673 to €186,006
- Other debts +€16,623
up €16,623 (+1,508%), from €1,103 to €17,725
- Profit (loss) carried forward -€15,216
down €15,216 (-64.8%), from €23,483 to €8,267
- Depreciation -€78,936
down €78,936 (-51.4%), from €153,494 to €74,558
- Gross operating margin -€54,602
down €54,602 (-41.8%), from €130,549 to €75,947
- Turnover -€40,974
down €40,974 (-39.9%), from €102,706 to €61,732
- Financial income -€29,543
down €29,543 (-54.9%), from €53,786 to €24,242
- Purchases and services +€5,799
up €5,799 (+62.0%), from €9,361 to €15,160
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 | €771,407 | €718,267 | -€53,140 | -6.9% |
| Fixed assets | 21/28 | €623,060 | €548,502 | -€74,558 | -12.0% |
| Tangible fixed assets | 22/27 | €623,060 | €548,502 | -€74,558 | -12.0% |
| Land and buildings | 22 | €227,267 | €204,540 | -€22,727 | -10.0% |
| Plant, machinery and equipment | 23 | €336,586 | €300,736 | -€35,849 | -10.7% |
| Furniture and vehicles | 24 | €59,208 | €43,226 | -€15,982 | -27.0% |
| Current assets | 29/58 | €148,347 | €169,765 | +€21,418 | +14.4% |
| Amounts receivable within one year | 40/41 | €90,305 | €114,162 | +€23,857 | +26.4% |
| Trade receivables | 40 | €25,305 | €9,138 | -€16,167 | -63.9% |
| Other amounts receivable | 41 | €65,000 | €105,025 | +€40,025 | +61.6% |
| Cash at bank and in hand | 54/58 | €58,042 | €52,027 | -€6,014 | -10.4% |
| Deferred charges and accrued income | 490/1 | - | €3,575 | +€3,575 | |
| Total equity and liabilities | 10/49 | €771,407 | €718,267 | -€53,140 | -6.9% |
| Equity | 10/15 | €239,375 | €203,492 | -€35,883 | -15.0% |
| Contributions | 10/11 | €9,220 | €9,220 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,483 | €8,267 | -€15,216 | -64.8% |
| Investment grants | 15 | €206,673 | €186,006 | -€20,667 | -10.0% |
| Amounts payable | 17/49 | €532,031 | €514,775 | -€17,257 | -3.2% |
| Amounts payable after more than one year | 17 | €494,217 | €459,279 | -€34,938 | -7.1% |
| Financial debts | 170/4 | €494,217 | €459,279 | -€34,938 | -7.1% |
| Amounts payable within one year | 42/48 | €35,415 | €53,049 | +€17,634 | +49.8% |
| Current portion of amounts payable after more than one year | 42 | €33,611 | €34,938 | +€1,327 | +3.9% |
| Trade debts | 44 | €88 | €385 | +€298 | +340% |
| Suppliers | 440/4 | €88 | €385 | +€298 | +340% |
| Taxes, remuneration and social security | 45 | €613 | - | -€613 | |
| Taxes | 450/3 | €613 | - | -€613 | |
| Other amounts payable | 47/48 | €1,103 | €17,725 | +€16,623 | +1,508% |
| Accrued charges and deferred income | 492/3 | €2,400 | €2,447 | +€47 | +2.0% |
| Turnover | 70 | €102,706 | €61,732 | -€40,974 | -39.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €9,361 | €15,160 | +€5,799 | +62.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €153,494 | €74,558 | -€78,936 | -51.4% |
| Other operating charges | 640/8 | €3,009 | €3,104 | +€95 | +3.1% |
| Gross operating margin | 9900 | €130,549 | €75,947 | -€54,602 | -41.8% |
| Operating profit (loss) | 9901 | -€25,954 | -€1,715 | +€24,239 | +93.4% |
| Financial income | 75/76B | €53,786 | €24,242 | -€29,543 | -54.9% |
| Recurring financial income | 75 | €53,786 | €24,242 | -€29,543 | -54.9% |
| Financial charges | 65/66B | €21,920 | €20,743 | -€1,176 | -5.4% |
| Recurring financial charges | 65 | €21,920 | €20,743 | -€1,176 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | €5,912 | €1,784 | -€4,128 | -69.8% |
| Profit (loss) for the period | 9904 | €5,912 | €1,784 | -€4,128 | -69.8% |
| Profit (loss) for the period to be appropriated | 9905 | €5,912 | €1,784 | -€4,128 | -69.8% |
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 29 October 2026 via checked.be.