Vanquathem 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.
Vanquathem Consulting
Largest movements
- Cash +€73,965
up €73,965 (+93.9%), from €78,799 to €152,764
mainly Net result for the year (+€109,342) and Depreciation (+€66,191)
- Intangible fixed assets -€64,286
down €64,286 (-16.7%), from €385,714 to €321,429
- Receivables within one year +€48,076
up €48,076 (+93.4%), from €51,472 to €99,549
- Receivables after one year +€27,881
up €27,881 (+251%), from €11,119 to €39,000
- Tangible fixed assets +€24,358
up €24,358 (+2,813%), from €866 to €25,224
of which Furniture and vehicles: +€17,044
- Profit (loss) carried forward +€109,342
up €109,342 (+120%), from €91,247 to €200,589
- Debts after one year -€35,281
down €35,281 (-10.5%), from €337,102 to €301,821
- Trade debts +€24,822
up €24,822 (+479%), from €5,183 to €30,005
- Tax, wage and social debts +€10,510
up €10,510 (+37.3%), from €28,202 to €38,712
of which Taxes: +€10,420
- Gross operating margin +€28,075
up €28,075 (+12.2%), from €230,440 to €258,515
- Taxes +€17,215
up €17,215 (+101%), from €17,000 to €34,215
- Staff costs -€3,725
down €3,725 (-10.1%), from €36,963 to €33,238
- Financial charges -€3,654
down €3,654 (-20.1%), from €18,219 to €14,565
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 | €528,203 | €638,198 | +€109,995 | +20.8% |
| Fixed assets | 21/28 | €386,813 | €346,886 | -€39,928 | -10.3% |
| Intangible fixed assets | 21 | €385,714 | €321,429 | -€64,286 | -16.7% |
| Tangible fixed assets | 22/27 | €866 | €25,224 | +€24,358 | +2,813% |
| Land and buildings | 22 | - | €7,314 | +€7,314 | |
| Furniture and vehicles | 24 | €866 | €17,910 | +€17,044 | +1,968% |
| Financial fixed assets | 28 | €233 | €233 | = | 0.0% |
| Current assets | 29/58 | €141,390 | €291,313 | +€149,923 | +106% |
| Amounts receivable after more than one year | 29 | €11,119 | €39,000 | +€27,881 | +251% |
| Other amounts receivable | 291 | €11,119 | €39,000 | +€27,881 | +251% |
| Amounts receivable within one year | 40/41 | €51,472 | €99,549 | +€48,076 | +93.4% |
| Trade receivables | 40 | €51,472 | €99,549 | +€48,076 | +93.4% |
| Cash at bank and in hand | 54/58 | €78,799 | €152,764 | +€73,965 | +93.9% |
| Total equity and liabilities | 10/49 | €528,203 | €638,198 | +€109,995 | +20.8% |
| Equity | 10/15 | €95,247 | €204,589 | +€109,342 | +115% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €91,247 | €200,589 | +€109,342 | +120% |
| Amounts payable | 17/49 | €432,956 | €433,609 | +€653 | +0.2% |
| Amounts payable after more than one year | 17 | €337,102 | €301,821 | -€35,281 | -10.5% |
| Financial debts | 170/4 | €337,102 | €301,821 | -€35,281 | -10.5% |
| Amounts payable within one year | 42/48 | €95,853 | €131,788 | +€35,935 | +37.5% |
| Current portion of amounts payable after more than one year | 42 | €61,984 | €62,987 | +€1,003 | +1.6% |
| Trade debts | 44 | €5,183 | €30,005 | +€24,822 | +479% |
| Suppliers | 440/4 | €5,183 | €30,005 | +€24,822 | +479% |
| Taxes, remuneration and social security | 45 | €28,202 | €38,712 | +€10,510 | +37.3% |
| Taxes | 450/3 | €24,622 | €35,042 | +€10,420 | +42.3% |
| Remuneration and social security | 454/9 | €3,580 | €3,670 | +€90 | +2.5% |
| Other amounts payable | 47/48 | €485 | €84 | -€401 | -82.7% |
| Remuneration, social security and pensions | 62 | €36,963 | €33,238 | -€3,725 | -10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,719 | €66,191 | +€1,472 | +2.3% |
| Other operating charges | 640/8 | €2,641 | €2,127 | -€515 | -19.5% |
| Gross operating margin | 9900 | €230,440 | €258,515 | +€28,075 | +12.2% |
| Operating profit (loss) | 9901 | €126,116 | €156,960 | +€30,843 | +24.5% |
| Financial income | 75/76B | €350 | €1,162 | +€813 | +232% |
| Recurring financial income | 75 | €350 | €1,162 | +€813 | +232% |
| Financial charges | 65/66B | €18,219 | €14,565 | -€3,654 | -20.1% |
| Recurring financial charges | 65 | €18,219 | €14,565 | -€3,654 | -20.1% |
| Profit (loss) for the period before taxes | 9903 | €108,247 | €143,557 | +€35,310 | +32.6% |
| Income taxes | 67/77 | €17,000 | €34,215 | +€17,215 | +101% |
| Profit (loss) for the period | 9904 | €91,247 | €109,342 | +€18,095 | +19.8% |
| Profit (loss) for the period to be appropriated | 9905 | €91,247 | €109,342 | +€18,095 | +19.8% |
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 29 October 2026 via checked.be.