VAEM Consult: 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.
VAEM Consult
Largest movements
- Cash -€2,862
down €2,862 (-2.7%), from €104,859 to €101,997
mainly Contributions, distributions and other (-€40,000) and Trade debts (-€399)
- Profit (loss) carried forward -€11,065
down €11,065 (-15.5%), from €71,562 to €60,497
- Tax, wage and social debts +€8,461
up €8,461 (+27.4%), from €30,849 to €39,310
- Gross operating margin +€10,898
up €10,898 (+40.2%), from €27,077 to €37,975
- Taxes -€707
down €707 (-7.3%), from €9,689 to €8,982
- Other operating charges -€498
no longer reported in 2025 (was €498)
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.
Cash bridge derived
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 | €105,000 | €101,997 | -€3,003 | -2.9% |
| Current assets | 29/58 | €105,000 | €101,997 | -€3,003 | -2.9% |
| Amounts receivable within one year | 40/41 | €141 | - | -€141 | |
| Other amounts receivable | 41 | €141 | - | -€141 | |
| Cash at bank and in hand | 54/58 | €104,859 | €101,997 | -€2,862 | -2.7% |
| Total equity and liabilities | 10/49 | €105,000 | €101,997 | -€3,003 | -2.9% |
| Equity | 10/15 | €72,662 | €61,597 | -€11,065 | -15.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Capital | 10 | €1,000 | €1,000 | = | 0.0% |
| Issued capital | 100 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €100 | €100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Legal reserve | 130 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €71,562 | €60,497 | -€11,065 | -15.5% |
| Amounts payable | 17/49 | €32,338 | €40,400 | +€8,062 | +24.9% |
| Amounts payable within one year | 42/48 | €32,338 | €40,400 | +€8,062 | +24.9% |
| Trade debts | 44 | €1,489 | €1,090 | -€399 | -26.8% |
| Suppliers | 440/4 | €1,489 | €1,090 | -€399 | -26.8% |
| Taxes, remuneration and social security | 45 | €30,849 | €39,310 | +€8,461 | +27.4% |
| Taxes | 450/3 | €30,849 | €39,310 | +€8,461 | +27.4% |
| Other operating charges | 640/8 | €498 | - | -€498 | |
| Gross operating margin | 9900 | €27,077 | €37,975 | +€10,898 | +40.2% |
| Operating profit (loss) | 9901 | €26,579 | €37,975 | +€11,396 | +42.9% |
| Financial charges | 65/66B | €73 | €58 | -€15 | -20.5% |
| Recurring financial charges | 65 | €73 | €58 | -€15 | -20.5% |
| Profit (loss) for the period before taxes | 9903 | €26,506 | €37,917 | +€11,411 | +43.1% |
| Income taxes | 67/77 | €9,689 | €8,982 | -€707 | -7.3% |
| Profit (loss) for the period | 9904 | €16,817 | €28,935 | +€12,118 | +72.1% |
| Profit (loss) for the period to be appropriated | 9905 | €16,817 | €28,935 | +€12,118 | +72.1% |
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 10 October 2026 via checked.be.