V-TAE 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-TAE CONSULTING
Largest movements
- Receivables within one year +€64,661
up €64,661 (+448%), from €14,446 to €79,106
of which Trade receivables: +€57,712
- Cash -€57,130
down €57,130 (-45.2%), from €126,274 to €69,144
mainly Receivables within one year (-€64,661) and Debts after one year (-€16,397)
- Tangible fixed assets -€38,068
down €38,068 (-72.5%), from €52,537 to €14,469
of which Furniture and vehicles: -€35,799
- Debts after one year -€16,397
no longer reported in 2025 (was €16,397)
- Profit (loss) carried forward -€7,170
down €7,170 (-12.1%), from -€59,247 to -€66,417
- Tax, wage and social debts -€3,843
down €3,843 (-85.4%), from €4,501 to €658
- Gross operating margin -€24,292
down €24,292, from €22,418 to -€1,874
- Depreciation -€22,916
down €22,916 (-83.5%), from €27,442 to €4,526
- Financial charges -€2,625
down €2,625 (-77.9%), from €3,372 to €747
of which Non-recurring financial charges: -€2,298
- Other operating charges -€487
down €487 (-48.7%), from €1,000 to €513
- Financial income +€225
up €225 (+30.1%), from €746 to €971
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 | €198,132 | €168,325 | -€29,806 | -15.0% |
| Fixed assets | 21/28 | €52,537 | €14,469 | -€38,068 | -72.5% |
| Tangible fixed assets | 22/27 | €52,537 | €14,469 | -€38,068 | -72.5% |
| Land and buildings | 22 | €11,274 | €9,200 | -€2,074 | -18.4% |
| Plant, machinery and equipment | 23 | €2,974 | €2,779 | -€195 | -6.6% |
| Furniture and vehicles | 24 | €38,289 | €2,490 | -€35,799 | -93.5% |
| Current assets | 29/58 | €145,595 | €153,857 | +€8,262 | +5.7% |
| Stocks and contracts in progress | 3 | €4,875 | €5,606 | +€731 | +15.0% |
| Stocks | 30/36 | €4,875 | €5,606 | +€731 | +15.0% |
| Amounts receivable within one year | 40/41 | €14,446 | €79,106 | +€64,661 | +448% |
| Trade receivables | 40 | - | €57,712 | +€57,712 | |
| Other amounts receivable | 41 | €14,446 | €21,394 | +€6,948 | +48.1% |
| Cash at bank and in hand | 54/58 | €126,274 | €69,144 | -€57,130 | -45.2% |
| Total equity and liabilities | 10/49 | €198,132 | €168,325 | -€29,806 | -15.0% |
| Equity | 10/15 | €157,056 | €149,886 | -€7,170 | -4.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €211,303 | €211,303 | = | 0.0% |
| Distributable reserves | 133 | €211,303 | €211,303 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€59,247 | -€66,417 | -€7,170 | -12.1% |
| Amounts payable | 17/49 | €41,076 | €18,439 | -€22,637 | -55.1% |
| Amounts payable after more than one year | 17 | €16,397 | - | -€16,397 | |
| Financial debts | 170/4 | €16,397 | - | -€16,397 | |
| Amounts payable within one year | 42/48 | €24,679 | €18,439 | -€6,240 | -25.3% |
| Current portion of amounts payable after more than one year | 42 | €18,753 | €17,781 | -€972 | -5.2% |
| Trade debts | 44 | €1,425 | - | -€1,425 | |
| Suppliers | 440/4 | €1,425 | - | -€1,425 | |
| Taxes, remuneration and social security | 45 | €4,501 | €658 | -€3,843 | -85.4% |
| Taxes | 450/3 | €4,501 | €658 | -€3,843 | -85.4% |
| Remuneration, social security and pensions | 62 | €160 | €244 | +€84 | +52.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,442 | €4,526 | -€22,916 | -83.5% |
| Other operating charges | 640/8 | €1,000 | €513 | -€487 | -48.7% |
| Gross operating margin | 9900 | €22,418 | -€1,874 | -€24,292 | |
| Operating profit (loss) | 9901 | -€6,184 | -€7,157 | -€973 | -15.7% |
| Financial income | 75/76B | €746 | €971 | +€225 | +30.1% |
| Recurring financial income | 75 | €746 | €971 | +€225 | +30.1% |
| Financial charges | 65/66B | €3,372 | €747 | -€2,625 | -77.9% |
| Recurring financial charges | 65 | €1,075 | €747 | -€328 | -30.5% |
| Non-recurring financial charges | 66B | €2,298 | - | -€2,298 | |
| Profit (loss) for the period before taxes | 9903 | -€8,810 | -€6,933 | +€1,877 | +21.3% |
| Income taxes | 67/77 | €347 | €237 | -€110 | -31.7% |
| Profit (loss) for the period | 9904 | -€9,157 | -€7,170 | +€1,987 | +21.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,157 | -€7,170 | +€1,987 | +21.7% |
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 25 October 2026 via checked.be.