V&S 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&S Consultancy
Largest movements
- Cash +€97,443
up €97,443 (+176%), from €55,266 to €152,709
mainly Net result for the year (+€107,509) and Tax, wage and social debts (+€38,070)
- Receivables within one year +€49,949
up €49,949 (+18,954%), from €264 to €50,213
of which Trade receivables: +€50,000
- Reserves +€107,509
up €107,509 (+72.1%), from €149,116 to €256,624
- Tax, wage and social debts +€38,070
new in 2025: €38,070
- Gross operating margin +€49,715
up €49,715 (+57.2%), from €86,914 to €136,629
- Taxes +€5,809
up €5,809 (+23.4%), from €24,787 to €30,596
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 | €154,816 | €301,579 | +€146,762 | +94.8% |
| Fixed assets | 21/28 | €2,369 | €1,450 | -€919 | -38.8% |
| Tangible fixed assets | 22/27 | €2,369 | €1,450 | -€919 | -38.8% |
| Other tangible fixed assets | 26 | €2,369 | €1,450 | -€919 | -38.8% |
| Current assets | 29/58 | €152,447 | €300,129 | +€147,682 | +96.9% |
| Amounts receivable after more than one year | 29 | €93,148 | €94,134 | +€986 | +1.1% |
| Trade receivables | 290 | €14,148 | €12,134 | -€2,014 | -14.2% |
| Other amounts receivable | 291 | €79,000 | €82,000 | +€3,000 | +3.8% |
| Amounts receivable within one year | 40/41 | €264 | €50,213 | +€49,949 | +18,954% |
| Trade receivables | 40 | - | €50,000 | +€50,000 | |
| Other amounts receivable | 41 | €264 | €213 | -€51 | -19.2% |
| Cash at bank and in hand | 54/58 | €55,266 | €152,709 | +€97,443 | +176% |
| Deferred charges and accrued income | 490/1 | €3,770 | €3,073 | -€697 | -18.5% |
| Total equity and liabilities | 10/49 | €154,816 | €301,579 | +€146,762 | +94.8% |
| Equity | 10/15 | €151,516 | €259,024 | +€107,509 | +71.0% |
| Contributions | 10/11 | €2,400 | €2,400 | = | 0.0% |
| Reserves | 13 | €149,116 | €256,624 | +€107,509 | +72.1% |
| Distributable reserves | 133 | €149,116 | €256,624 | +€107,509 | +72.1% |
| Amounts payable | 17/49 | €3,300 | €42,554 | +€39,254 | +1,189% |
| Amounts payable within one year | 42/48 | €3,300 | €42,554 | +€39,254 | +1,189% |
| Trade debts | 44 | €840 | €160 | -€680 | -81.0% |
| Suppliers | 440/4 | €840 | €160 | -€680 | -81.0% |
| Taxes, remuneration and social security | 45 | - | €38,070 | +€38,070 | |
| Taxes | 450/3 | - | €38,070 | +€38,070 | |
| Other amounts payable | 47/48 | €2,460 | €4,324 | +€1,864 | +75.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €919 | €919 | = | 0.0% |
| Other operating charges | 640/8 | €190 | €593 | +€404 | +213% |
| Gross operating margin | 9900 | €86,914 | €136,629 | +€49,715 | +57.2% |
| Operating profit (loss) | 9901 | €85,805 | €135,117 | +€49,311 | +57.5% |
| Financial income | 75/76B | €2,783 | €3,035 | +€252 | +9.1% |
| Recurring financial income | 75 | €2,783 | €3,035 | +€252 | +9.1% |
| Financial charges | 65/66B | €435 | €46 | -€389 | -89.3% |
| Recurring financial charges | 65 | €435 | €46 | -€389 | -89.3% |
| Profit (loss) for the period before taxes | 9903 | €88,153 | €138,105 | +€49,952 | +56.7% |
| Income taxes | 67/77 | €24,787 | €30,596 | +€5,809 | +23.4% |
| Profit (loss) for the period | 9904 | €63,366 | €107,509 | +€44,143 | +69.7% |
| Profit (loss) for the period to be appropriated | 9905 | €63,366 | €107,509 | +€44,143 | +69.7% |
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 19 October 2026 via checked.be.