Vanreck Consulting: 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.
Vanreck Consulting
Largest movements
- Cash +€16,134
up €16,134 (+78.2%), from €20,634 to €36,768
mainly Receivables within one year (+€15,109) and Trade debts (+€4,005)
- Receivables within one year -€15,109
down €15,109 (-63.0%), from €24,000 to €8,891
of which Other amounts receivable: -€24,000
- Deferred charges and accrued income -€2,227
down €2,227 (-38.9%), from €5,726 to €3,499
- Formation expenses -€674
down €674 (-56.3%), from €1,198 to €524
- Profit (loss) carried forward -€5,010
down €5,010, from €3,390 to -€1,620
- Trade debts +€4,005
up €4,005 (+133.6%), from €2,997 to €7,002
- Tax, wage and social debts -€870
down €870 (-2.9%), from €30,359 to €29,489
of which Remuneration and social security: -€6,840
- Staff costs +€15,656
up €15,656 (+17.8%), from €87,849 to €103,505
- Financial charges +€1,896
up €1,896 (+1570.7%), from €121 to €2,016
- Taxes -€1,297
no longer reported in 2025 (was €1,297)
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 | €51,558 | €49,683 | -€1,875 | -3.6% |
| Formation expenses | 20 | €1,198 | €524 | -€674 | -56.3% |
| Current assets | 29/58 | €50,360 | €49,159 | -€1,201 | -2.4% |
| Amounts receivable within one year | 40/41 | €24,000 | €8,891 | -€15,109 | -63.0% |
| Trade receivables | 40 | - | €8,891 | +€8,891 | |
| Other amounts receivable | 41 | €24,000 | - | -€24,000 | |
| Cash at bank and in hand | 54/58 | €20,634 | €36,768 | +€16,134 | +78.2% |
| Deferred charges and accrued income | 490/1 | €5,726 | €3,499 | -€2,227 | -38.9% |
| Total equity and liabilities | 10/49 | €51,558 | €49,683 | -€1,875 | -3.6% |
| Equity | 10/15 | €18,202 | €13,193 | -€5,010 | -27.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €11,813 | €11,813 | = | 0.0% |
| Distributable reserves | 133 | €11,813 | €11,813 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,390 | -€1,620 | -€5,010 | |
| Amounts payable | 17/49 | €33,356 | €36,490 | +€3,135 | +9.4% |
| Amounts payable within one year | 42/48 | €33,356 | €36,490 | +€3,135 | +9.4% |
| Trade debts | 44 | €2,997 | €7,002 | +€4,005 | +133.6% |
| Suppliers | 440/4 | €2,997 | €7,002 | +€4,005 | +133.6% |
| Taxes, remuneration and social security | 45 | €30,359 | €29,489 | -€870 | -2.9% |
| Taxes | 450/3 | €8,448 | €14,418 | +€5,970 | +70.7% |
| Remuneration and social security | 454/9 | €21,911 | €15,070 | -€6,840 | -31.2% |
| Remuneration, social security and pensions | 62 | €87,849 | €103,505 | +€15,656 | +17.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €674 | €674 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €101,421 | €101,447 | +€26 | 0.0% |
| Operating profit (loss) | 9901 | €12,511 | -€3,132 | -€15,642 | |
| Financial income | 75/76B | €720 | €138 | -€582 | -80.8% |
| Recurring financial income | 75 | €720 | €138 | -€582 | -80.8% |
| Financial charges | 65/66B | €121 | €2,016 | +€1,896 | +1570.7% |
| Recurring financial charges | 65 | €121 | €2,016 | +€1,896 | +1570.7% |
| Profit (loss) for the period before taxes | 9903 | €13,110 | -€5,010 | -€18,120 | |
| Income taxes | 67/77 | €1,297 | - | -€1,297 | |
| Profit (loss) for the period | 9904 | €11,813 | -€5,010 | -€16,822 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,813 | -€5,010 | -€16,822 |
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 30 September 2026 via checked.be.