V&R 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&R Consultancy
Largest movements
- Cash -€29,065
down €29,065 (-30.4%), from €95,729 to €66,664
mainly Advances received (-€14,682) and Net result for the year (-€9,068)
- Tangible fixed assets -€14,040
down €14,040 (-16.0%), from €87,878 to €73,838
of which Land and buildings: -€15,926
- Stocks and contracts +€4,330
up €4,330 (+5.3%), from €81,670 to €86,000
- Advances received -€14,682
down €14,682 (-100%), from €14,682 to €0
- Tax, wage and social debts -€8,379
down €8,379 (-54.0%), from €15,516 to €7,137
of which Taxes: -€5,518
- Profit (loss) carried forward -€7,758
down €7,758 (-31.9%), from €24,357 to €16,599
- Gross operating margin -€52,713
down €52,713 (-76.6%), from €68,820 to €16,107
- Taxes -€9,707
down €9,707 (-79.8%), from €12,170 to €2,464
- Financial charges +€1,688
up €1,688 (+664%), from €254 to €1,942
- Other operating charges +€1,436
up €1,436 (+50.5%), from €2,843 to €4,279
- Depreciation +€1,225
up €1,225 (+7.6%), from €16,042 to €17,267
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 | €266,245 | €229,379 | -€36,867 | -13.8% |
| Fixed assets | 21/28 | €87,878 | €73,838 | -€14,040 | -16.0% |
| Tangible fixed assets | 22/27 | €87,878 | €73,838 | -€14,040 | -16.0% |
| Land and buildings | 22 | €84,438 | €68,512 | -€15,926 | -18.9% |
| Plant, machinery and equipment | 23 | €214 | €5,326 | +€5,112 | +2,388% |
| Assets under construction and advance payments | 27 | €3,226 | €0 | -€3,226 | -100% |
| Current assets | 29/58 | €178,367 | €155,540 | -€22,827 | -12.8% |
| Stocks and contracts in progress | 3 | €81,670 | €86,000 | +€4,330 | +5.3% |
| Stocks | 30/36 | €81,670 | €86,000 | +€4,330 | +5.3% |
| Amounts receivable within one year | 40/41 | €0 | €794 | +€794 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | €794 | +€794 | |
| Cash at bank and in hand | 54/58 | €95,729 | €66,664 | -€29,065 | -30.4% |
| Deferred charges and accrued income | 490/1 | €968 | €2,082 | +€1,114 | +115% |
| Total equity and liabilities | 10/49 | €266,245 | €229,379 | -€36,867 | -13.8% |
| Equity | 10/15 | €51,356 | €42,289 | -€9,068 | -17.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €8,408 | €7,098 | -€1,310 | -15.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Other | 1319 | €0 | - | = | |
| Tax-exempt reserves | 132 | €6,549 | €5,239 | -€1,310 | -20.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,357 | €16,599 | -€7,758 | -31.9% |
| Provisions and deferred taxes | 16 | €170,705 | €170,378 | -€327 | -0.2% |
| Provisions for liabilities and charges | 160/5 | €169,068 | €169,068 | = | 0.0% |
| Pensions and similar obligations | 160 | €169,068 | €169,068 | = | 0.0% |
| Deferred taxes | 168 | €1,637 | €1,310 | -€327 | -20.0% |
| Amounts payable | 17/49 | €44,184 | €16,712 | -€27,472 | -62.2% |
| Amounts payable within one year | 42/48 | €42,821 | €16,712 | -€26,109 | -61.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €2,764 | €1,755 | -€1,009 | -36.5% |
| Suppliers | 440/4 | €2,764 | €1,755 | -€1,009 | -36.5% |
| Advances received on contracts in progress | 46 | €14,682 | €0 | -€14,682 | -100% |
| Taxes, remuneration and social security | 45 | €15,516 | €7,137 | -€8,379 | -54.0% |
| Taxes | 450/3 | €12,655 | €7,137 | -€5,518 | -43.6% |
| Remuneration and social security | 454/9 | €2,861 | €0 | -€2,861 | -100% |
| Other amounts payable | 47/48 | €9,859 | €7,820 | -€2,039 | -20.7% |
| Accrued charges and deferred income | 492/3 | €1,363 | €0 | -€1,363 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,042 | €17,267 | +€1,225 | +7.6% |
| Other operating charges | 640/8 | €2,843 | €4,279 | +€1,436 | +50.5% |
| Gross operating margin | 9900 | €68,820 | €16,107 | -€52,713 | -76.6% |
| Operating profit (loss) | 9901 | €49,936 | -€5,438 | -€55,374 | |
| Financial income | 75/76B | €307 | €449 | +€142 | +46.0% |
| Recurring financial income | 75 | €307 | €449 | +€142 | +46.0% |
| Financial charges | 65/66B | €254 | €1,942 | +€1,688 | +664% |
| Recurring financial charges | 65 | €254 | €1,942 | +€1,688 | +664% |
| Profit (loss) for the period before taxes | 9903 | €49,989 | -€6,931 | -€56,920 | |
| Transfer from deferred taxes | 780 | €327 | €327 | = | 0.0% |
| Income taxes | 67/77 | €12,170 | €2,464 | -€9,707 | -79.8% |
| Profit (loss) for the period | 9904 | €38,146 | -€9,068 | -€47,214 | |
| Transfer from tax-exempt reserves | 789 | €1,310 | €1,310 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €39,456 | -€7,758 | -€47,214 |
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.