VANTAGE 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.
VANTAGE CONSULTING
Largest movements
- Current investments +€338,985
up €338,985 (+50.4%), from €672,080 to €1.0m
- Cash -€72,381
down €72,381 (-39.2%), from €184,618 to €112,236
mainly Current investments (-€338,985) and Receivables within one year (-€40,817)
- Receivables within one year +€40,817
up €40,817 (+37.4%), from €109,261 to €150,078
of which Trade receivables: +€68,900
- Tangible fixed assets -€31,565
down €31,565 (-21.3%), from €148,157 to €116,592
of which Furniture and vehicles: -€31,350
- Reserves +€267,283
up €267,283 (+27.1%), from €986,795 to €1.3m
- Gross operating margin +€94,385
up €94,385 (+34.3%), from €275,270 to €369,656
- Taxes +€44,196
up €44,196 (+53.6%), from €82,446 to €126,643
- Financial income +€40,662
up €40,662 (+202%), from €20,117 to €60,779
- Depreciation +€25,323
up €25,323 (+406%), from €6,242 to €31,565
- Write-downs -€19,000
down €19,000 (-100%), from €19,000 to €0
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 | €1,118,990 | €1,393,449 | +€274,459 | +24.5% |
| Fixed assets | 21/28 | €148,157 | €116,592 | -€31,565 | -21.3% |
| Tangible fixed assets | 22/27 | €148,157 | €116,592 | -€31,565 | -21.3% |
| Plant, machinery and equipment | 23 | €2,101 | €1,886 | -€215 | -10.2% |
| Furniture and vehicles | 24 | €146,056 | €114,706 | -€31,350 | -21.5% |
| Current assets | 29/58 | €970,833 | €1,276,857 | +€306,023 | +31.5% |
| Amounts receivable within one year | 40/41 | €109,261 | €150,078 | +€40,817 | +37.4% |
| Trade receivables | 40 | €79,048 | €147,948 | +€68,900 | +87.2% |
| Other amounts receivable | 41 | €30,212 | €2,130 | -€28,083 | -93.0% |
| Current investments | 50/53 | €672,080 | €1,011,065 | +€338,985 | +50.4% |
| Cash at bank and in hand | 54/58 | €184,618 | €112,236 | -€72,381 | -39.2% |
| Deferred charges and accrued income | 490/1 | €4,874 | €3,477 | -€1,397 | -28.7% |
| Total equity and liabilities | 10/49 | €1,118,990 | €1,393,449 | +€274,459 | +24.5% |
| Equity | 10/15 | €999,195 | €1,266,478 | +€267,283 | +26.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €986,795 | €1,254,078 | +€267,283 | +27.1% |
| Distributable reserves | 133 | €986,795 | €1,254,078 | +€267,283 | +27.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €119,795 | €126,971 | +€7,176 | +6.0% |
| Amounts payable within one year | 42/48 | €119,795 | €126,971 | +€7,176 | +6.0% |
| Trade debts | 44 | €5,762 | €5,325 | -€436 | -7.6% |
| Suppliers | 440/4 | €5,762 | €5,325 | -€436 | -7.6% |
| Taxes, remuneration and social security | 45 | €33,320 | €46,653 | +€13,333 | +40.0% |
| Taxes | 450/3 | €33,320 | €46,653 | +€13,333 | +40.0% |
| Other amounts payable | 47/48 | €80,713 | €74,993 | -€5,720 | -7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,242 | €31,565 | +€25,323 | +406% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €19,000 | €0 | -€19,000 | -100% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | €275,270 | €369,656 | +€94,385 | +34.3% |
| Operating profit (loss) | 9901 | €249,061 | €337,093 | +€88,031 | +35.3% |
| Financial income | 75/76B | €20,117 | €60,779 | +€40,662 | +202% |
| Recurring financial income | 75 | €20,117 | €60,779 | +€40,662 | +202% |
| Financial charges | 65/66B | €2,838 | €3,946 | +€1,109 | +39.1% |
| Recurring financial charges | 65 | €2,838 | €3,946 | +€1,109 | +39.1% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €266,341 | €393,925 | +€127,585 | +47.9% |
| Income taxes | 67/77 | €82,446 | €126,643 | +€44,196 | +53.6% |
| Profit (loss) for the period | 9904 | €183,894 | €267,283 | +€83,388 | +45.3% |
| Profit (loss) for the period to be appropriated | 9905 | €183,894 | €267,283 | +€83,388 | +45.3% |
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 19 October 2026 via checked.be.