VALUE ADD 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.
VALUE ADD CONSULTING
Largest movements
- Current investments -€214,407
down €214,407 (-47.4%), from €452,500 to €238,093
- Cash +€103,966
up €103,966 (+34.1%), from €304,638 to €408,605
mainly Current investments (+€214,407) and Depreciation (+€39,616)
- Tangible fixed assets -€39,616
down €39,616 (-4.7%), from €850,785 to €811,169
of which Land and buildings: -€37,739
- Profit (loss) carried forward -€108,611
down €108,611 (-1,137%), from -€9,553 to -€118,164
- Debts after one year -€35,680
down €35,680 (-5.9%), from €605,336 to €569,656
- Reserves -€21,100
down €21,100 (-2.3%), from €935,094 to €913,994
- Gross operating margin -€14,453
down €14,453 (-30.9%), from -€46,701 to -€61,154
- Financial income -€1,287
down €1,287 (-12.1%), from €10,670 to €9,383
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 | €1,623,054 | €1,467,005 | -€156,049 | -9.6% |
| Fixed assets | 21/28 | €851,615 | €811,999 | -€39,616 | -4.7% |
| Tangible fixed assets | 22/27 | €850,785 | €811,169 | -€39,616 | -4.7% |
| Land and buildings | 22 | €846,512 | €808,773 | -€37,739 | -4.5% |
| Furniture and vehicles | 24 | €4,273 | €2,396 | -€1,877 | -43.9% |
| Financial fixed assets | 28 | €830 | €830 | = | 0.0% |
| Current assets | 29/58 | €771,440 | €655,007 | -€116,433 | -15.1% |
| Amounts receivable within one year | 40/41 | €8,790 | €3,362 | -€5,428 | -61.8% |
| Trade receivables | 40 | €4,814 | €1,934 | -€2,881 | -59.8% |
| Other amounts receivable | 41 | €3,975 | €1,428 | -€2,547 | -64.1% |
| Current investments | 50/53 | €452,500 | €238,093 | -€214,407 | -47.4% |
| Cash at bank and in hand | 54/58 | €304,638 | €408,605 | +€103,966 | +34.1% |
| Deferred charges and accrued income | 490/1 | €5,512 | €4,947 | -€565 | -10.3% |
| Total equity and liabilities | 10/49 | €1,623,054 | €1,467,005 | -€156,049 | -9.6% |
| Equity | 10/15 | €931,741 | €802,030 | -€129,711 | -13.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €935,094 | €913,994 | -€21,100 | -2.3% |
| Distributable reserves | 133 | €935,094 | €913,994 | -€21,100 | -2.3% |
| Profit (loss) carried forward | 14 | -€9,553 | -€118,164 | -€108,611 | -1,137% |
| Amounts payable | 17/49 | €691,314 | €664,975 | -€26,338 | -3.8% |
| Amounts payable after more than one year | 17 | €605,336 | €569,656 | -€35,680 | -5.9% |
| Financial debts | 170/4 | €605,336 | €569,656 | -€35,680 | -5.9% |
| Amounts payable within one year | 42/48 | €85,977 | €95,319 | +€9,342 | +10.9% |
| Current portion of amounts payable after more than one year | 42 | €35,218 | €35,680 | +€462 | +1.3% |
| Trade debts | 44 | €3,745 | €1,713 | -€2,032 | -54.3% |
| Suppliers | 440/4 | €3,745 | €1,713 | -€2,032 | -54.3% |
| Advances received on contracts in progress | 46 | €3,266 | - | -€3,266 | |
| Taxes, remuneration and social security | 45 | €5,900 | €11,581 | +€5,681 | +96.3% |
| Taxes | 450/3 | €2,400 | €8,081 | +€5,681 | +237% |
| Remuneration and social security | 454/9 | €3,500 | €3,500 | = | 0.0% |
| Other amounts payable | 47/48 | €37,848 | €46,345 | +€8,497 | +22.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,207 | €39,616 | -€591 | -1.5% |
| Other operating charges | 640/8 | €7,644 | €7,845 | +€200 | +2.6% |
| Gross operating margin | 9900 | -€46,701 | -€61,154 | -€14,453 | -30.9% |
| Operating profit (loss) | 9901 | -€94,552 | -€108,614 | -€14,063 | -14.9% |
| Financial income | 75/76B | €10,670 | €9,383 | -€1,287 | -12.1% |
| Recurring financial income | 75 | €10,670 | €9,383 | -€1,287 | -12.1% |
| Financial charges | 65/66B | €9,117 | €9,122 | +€5 | +0.1% |
| Recurring financial charges | 65 | €9,117 | €9,122 | +€5 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | -€92,999 | -€108,353 | -€15,355 | -16.5% |
| Income taxes | 67/77 | €184 | €258 | +€74 | +40.3% |
| Profit (loss) for the period | 9904 | -€93,182 | -€108,611 | -€15,429 | -16.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€93,182 | -€108,611 | -€15,429 | -16.6% |
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 20 October 2026 via checked.be.