V.L. CONSULTANCY: 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.L. CONSULTANCY
Largest movements
- Receivables within one year +€39,018
up €39,018 (+53.4%), from €73,043 to €112,061
of which Trade receivables: +€38,916
- Cash +€19,239
up €19,239 (+133%), from €14,509 to €33,748
mainly Net result for the year (+€58,660) and Trade debts (+€21,027)
- Intangible fixed assets +€18,619
new in 2025: €18,619
- Financial fixed assets +€6,250
up €6,250 (+16.6%), from €37,600 to €43,850
- Reserves +€51,660
up €51,660 (+56.8%), from €91,004 to €142,663
- Trade debts +€21,027
up €21,027 (+360%), from €5,838 to €26,865
- Other debts +€7,546
up €7,546 (+226%), from €3,345 to €10,891
- Tax, wage and social debts +€5,968
up €5,968 (+170%), from €3,509 to €9,476
of which Taxes: +€8,303
- Short-term financial debts -€5,905
no longer reported in 2025 (was €5,905)
- Gross operating margin -€7,665
down €7,665 (-7.9%), from €96,930 to €89,265
- Depreciation +€1,573
up €1,573 (+331%), from €475 to €2,048
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 | €128,200 | €209,736 | +€81,536 | +63.6% |
| Fixed assets | 21/28 | €39,406 | €63,609 | +€24,203 | +61.4% |
| Intangible fixed assets | 21 | - | €18,619 | +€18,619 | |
| Tangible fixed assets | 22/27 | €1,806 | €1,140 | -€667 | -36.9% |
| Plant, machinery and equipment | 23 | €822 | €353 | -€468 | -57.0% |
| Furniture and vehicles | 24 | €984 | €786 | -€198 | -20.1% |
| Financial fixed assets | 28 | €37,600 | €43,850 | +€6,250 | +16.6% |
| Current assets | 29/58 | €88,794 | €146,127 | +€57,333 | +64.6% |
| Amounts receivable within one year | 40/41 | €73,043 | €112,061 | +€39,018 | +53.4% |
| Trade receivables | 40 | €73,031 | €111,947 | +€38,916 | +53.3% |
| Other amounts receivable | 41 | €11 | €113 | +€102 | +899% |
| Cash at bank and in hand | 54/58 | €14,509 | €33,748 | +€19,239 | +133% |
| Deferred charges and accrued income | 490/1 | €1,242 | €318 | -€924 | -74.4% |
| Total equity and liabilities | 10/49 | €128,200 | €209,736 | +€81,536 | +63.6% |
| Equity | 10/15 | €109,604 | €161,263 | +€51,660 | +47.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €91,004 | €142,663 | +€51,660 | +56.8% |
| Distributable reserves | 133 | €91,004 | €142,663 | +€51,660 | +56.8% |
| Amounts payable | 17/49 | €18,596 | €48,472 | +€29,876 | +161% |
| Amounts payable within one year | 42/48 | €18,596 | €47,233 | +€28,636 | +154% |
| Financial debts | 43 | €5,905 | - | -€5,905 | |
| Credit institutions | 430/8 | €5,905 | - | -€5,905 | |
| Trade debts | 44 | €5,838 | €26,865 | +€21,027 | +360% |
| Suppliers | 440/4 | €5,838 | €26,865 | +€21,027 | +360% |
| Taxes, remuneration and social security | 45 | €3,509 | €9,476 | +€5,968 | +170% |
| Taxes | 450/3 | €1,174 | €9,476 | +€8,303 | +707% |
| Remuneration and social security | 454/9 | €2,335 | - | -€2,335 | |
| Other amounts payable | 47/48 | €3,345 | €10,891 | +€7,546 | +226% |
| Accrued charges and deferred income | 492/3 | - | €1,240 | +€1,240 | |
| Non-recurring operating income | 76A | €2,006 | - | -€2,006 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €475 | €2,048 | +€1,573 | +331% |
| Other operating charges | 640/8 | €2,387 | €1,646 | -€741 | -31.0% |
| Gross operating margin | 9900 | €96,930 | €89,265 | -€7,665 | -7.9% |
| Operating profit (loss) | 9901 | €94,068 | €85,572 | -€8,496 | -9.0% |
| Financial income | 75/76B | €0 | €84 | +€84 | +420,850% |
| Recurring financial income | 75 | €0 | €84 | +€84 | +420,850% |
| Financial charges | 65/66B | €3,624 | €3,425 | -€200 | -5.5% |
| Recurring financial charges | 65 | €3,624 | €3,425 | -€200 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | €90,444 | €82,231 | -€8,212 | -9.1% |
| Income taxes | 67/77 | €23,951 | €23,572 | -€379 | -1.6% |
| Profit (loss) for the period | 9904 | €66,493 | €58,660 | -€7,833 | -11.8% |
| Profit (loss) for the period to be appropriated | 9905 | €66,493 | €58,660 | -€7,833 | -11.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.