V.G.M. Management: what changed
What changed
V.G.M. Management
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€227,956
2023 · €256,207-€28,251
Equity
€3.7m
2023 · €3.5m+€227,956
Cash
€67,356
2023 · €144,423-€77,066
Balance sheet total
€8.9m
2023 · €8.7m+€188,479
Largest movements
Assets
- Receivables within one year +€314,456
up €314,456 (+39.1%), from €803,879 to €1.1m
of which Other amounts receivable: +€316,157
Equity and liabilities
- Debts after one year -€531,083
down €531,083 (-12.5%), from €4.3m to €3.7m
- Accrued charges and deferred income +€263,670
up €263,670 (+76.0%), from €347,038 to €610,708
- Other debts +€256,331
up €256,331 (+95.2%), from €269,391 to €525,722
- Profit (loss) carried forward +€227,956
up €227,956 (+9.9%), from €2.3m to €2.5m
Income statement
- Financial charges +€52,187
up €52,187 (+16.2%), from €321,974 to €374,160
- Financial income +€20,041
up €20,041 (+117%), from €17,083 to €37,124
- Taxes -€8,589
down €8,589 (-10.9%), from €78,584 to €69,995
Change in the result, 2023 to 2024
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 2023
€256,207
Gross operating margin
-€2,181
Other operating charges
-€2,514
Financial income
+€20,041
Financial charges
-€52,187
Taxes
+€8,589
Result 2024
€227,956
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€508,017
Investment
-€29,000
Financing
-€556,083
Cash 2023
€144,423
From operations (derived)
+€508,017
Net result for the year
+€227,956
Depreciation
+€85,711
Receivables within one year
-€314,456
Deferred charges and accrued income
-€7,800
Trade debts
+€9,097
Tax, wage and social debts
-€12,492
Other debts
+€256,331
Accrued charges and deferred income
+€263,670
Investment (derived)
-€29,000
Investment in fixed assets (net)
-€29,000
Financing
-€556,083
Debts after one year
-€531,083
Current portion of long-term debt
-€25,000
Cash 2024
€67,356
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,715,383 | €8,903,861 | +€188,479 | +2.2% |
| Fixed assets | 21/28 | €7,761,326 | €7,704,615 | -€56,711 | -0.7% |
| Tangible fixed assets | 22/27 | €2,291,576 | €2,234,865 | -€56,711 | -2.5% |
| Land and buildings | 22 | €2,289,568 | €2,204,820 | -€84,748 | -3.7% |
| Furniture and vehicles | 24 | €1,844 | €29,963 | +€28,119 | +1,525% |
| Other tangible fixed assets | 26 | €163 | €82 | -€82 | -50.0% |
| Financial fixed assets | 28 | €5,469,750 | €5,469,750 | = | 0.0% |
| Current assets | 29/58 | €954,056 | €1,199,246 | +€245,190 | +25.7% |
| Amounts receivable within one year | 40/41 | €803,879 | €1,118,336 | +€314,456 | +39.1% |
| Trade receivables | 40 | €1,700 | - | -€1,700 | |
| Other amounts receivable | 41 | €802,179 | €1,118,336 | +€316,157 | +39.4% |
| Cash at bank and in hand | 54/58 | €144,423 | €67,356 | -€77,066 | -53.4% |
| Deferred charges and accrued income | 490/1 | €5,754 | €13,554 | +€7,800 | +136% |
| Total equity and liabilities | 10/49 | €8,715,383 | €8,903,861 | +€188,479 | +2.2% |
| Equity | 10/15 | €3,475,279 | €3,703,235 | +€227,956 | +6.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €1,150,000 | €1,150,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,304,819 | €2,532,775 | +€227,956 | +9.9% |
| Amounts payable | 17/49 | €5,240,104 | €5,200,627 | -€39,477 | -0.8% |
| Amounts payable after more than one year | 17 | €4,250,125 | €3,719,042 | -€531,083 | -12.5% |
| Financial debts | 170/4 | €4,250,125 | €3,719,042 | -€531,083 | -12.5% |
| Amounts payable within one year | 42/48 | €642,941 | €870,877 | +€227,937 | +35.5% |
| Current portion of amounts payable after more than one year | 42 | €341,583 | €316,583 | -€25,000 | -7.3% |
| Trade debts | 44 | €5,712 | €14,810 | +€9,097 | +159% |
| Suppliers | 440/4 | €5,712 | €14,810 | +€9,097 | +159% |
| Taxes, remuneration and social security | 45 | €26,254 | €13,762 | -€12,492 | -47.6% |
| Taxes | 450/3 | €23,254 | €8,512 | -€14,742 | -63.4% |
| Remuneration and social security | 454/9 | €3,000 | €5,250 | +€2,250 | +75.0% |
| Other amounts payable | 47/48 | €269,391 | €525,722 | +€256,331 | +95.2% |
| Accrued charges and deferred income | 492/3 | €347,038 | €610,708 | +€263,670 | +76.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,711 | €85,711 | = | 0.0% |
| Other operating charges | 640/8 | €6,332 | €8,846 | +€2,514 | +39.7% |
| Gross operating margin | 9900 | €731,724 | €729,544 | -€2,181 | -0.3% |
| Operating profit (loss) | 9901 | €639,682 | €634,987 | -€4,695 | -0.7% |
| Financial income | 75/76B | €17,083 | €37,124 | +€20,041 | +117% |
| Recurring financial income | 75 | €17,083 | €37,124 | +€20,041 | +117% |
| Financial charges | 65/66B | €321,974 | €374,160 | +€52,187 | +16.2% |
| Recurring financial charges | 65 | €321,974 | €374,160 | +€52,187 | +16.2% |
| Profit (loss) for the period before taxes | 9903 | €334,791 | €297,950 | -€36,840 | -11.0% |
| Income taxes | 67/77 | €78,584 | €69,995 | -€8,589 | -10.9% |
| Profit (loss) for the period | 9904 | €256,207 | €227,956 | -€28,251 | -11.0% |
| Profit (loss) for the period to be appropriated | 9905 | €256,207 | €227,956 | -€28,251 | -11.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.