Vanho Consult: what changed
Two fiscal 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.
Vanho Consult
Largest movements
- Cash +€7,522
up €7,522 (+13.8%), from €54,586 to €62,107
mainly Net result for the year (+€60,880) and Other debts (+€17,074)
- Tangible fixed assets +€3,716
up €3,716 (+110.9%), from €3,352 to €7,068
of which Plant, machinery and equipment: +€4,558
- Receivables within one year +€2,104
up €2,104 (+12.7%), from €16,507 to €18,611
of which Trade receivables: +€3,110
- Other debts +€17,074
up €17,074 (+34.2%), from €49,975 to €67,049
- Accrued charges and deferred income -€5,164
down €5,164 (-35.1%), from €14,716 to €9,552
- Tax, wage and social debts +€1,781
up €1,781 (+17.8%), from €10,016 to €11,797
- Gross operating margin +€21,675
up €21,675 (+36.7%), from €59,033 to €80,708
- Taxes +€4,186
up €4,186 (+32.7%), from €12,811 to €16,997
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 | €75,444 | €88,786 | +€13,342 | +17.7% |
| Fixed assets | 21/28 | €3,352 | €7,068 | +€3,716 | +110.9% |
| Tangible fixed assets | 22/27 | €3,352 | €7,068 | +€3,716 | +110.9% |
| Plant, machinery and equipment | 23 | - | €4,558 | +€4,558 | |
| Furniture and vehicles | 24 | €711 | €483 | -€228 | -32.0% |
| Other tangible fixed assets | 26 | €2,641 | €2,027 | -€614 | -23.2% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €72,092 | €81,718 | +€9,626 | +13.4% |
| Amounts receivable within one year | 40/41 | €16,507 | €18,611 | +€2,104 | +12.7% |
| Trade receivables | 40 | €12,492 | €15,603 | +€3,110 | +24.9% |
| Other amounts receivable | 41 | €4,015 | €3,008 | -€1,007 | -25.1% |
| Cash at bank and in hand | 54/58 | €54,586 | €62,107 | +€7,522 | +13.8% |
| Deferred charges and accrued income | 490/1 | €1,000 | €1,000 | = | 0.0% |
| Total equity and liabilities | 10/49 | €75,444 | €88,786 | +€13,342 | +17.7% |
| Equity | 10/15 | €1 | €1 | = | 0.0% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €75,443 | €88,785 | +€13,342 | +17.7% |
| Amounts payable within one year | 42/48 | €60,727 | €79,234 | +€18,506 | +30.5% |
| Trade debts | 44 | €737 | €388 | -€349 | -47.3% |
| Suppliers | 440/4 | €737 | €388 | -€349 | -47.3% |
| Taxes, remuneration and social security | 45 | €10,016 | €11,797 | +€1,781 | +17.8% |
| Taxes | 450/3 | €10,016 | €11,797 | +€1,781 | +17.8% |
| Other amounts payable | 47/48 | €49,975 | €67,049 | +€17,074 | +34.2% |
| Accrued charges and deferred income | 492/3 | €14,716 | €9,552 | -€5,164 | -35.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €842 | €1,231 | +€390 | +46.3% |
| Other operating charges | 640/8 | €951 | €1,560 | +€609 | +64.0% |
| Gross operating margin | 9900 | €59,033 | €80,708 | +€21,675 | +36.7% |
| Operating profit (loss) | 9901 | €57,240 | €77,917 | +€20,677 | +36.1% |
| Financial charges | 65/66B | €44 | €41 | -€4 | -8.0% |
| Recurring financial charges | 65 | €44 | €41 | -€4 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | €57,196 | €77,877 | +€20,681 | +36.2% |
| Income taxes | 67/77 | €12,811 | €16,997 | +€4,186 | +32.7% |
| Profit (loss) for the period | 9904 | €44,385 | €60,880 | +€16,494 | +37.2% |
| Profit (loss) for the period to be appropriated | 9905 | €44,385 | €60,880 | +€16,494 | +37.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.