VB 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.
VB Consult
Largest movements
- Tangible fixed assets -€16,777
down €16,777 (-29.9%), from €56,051 to €39,274
- Cash +€4,966
up €4,966 (+128.9%), from €3,852 to €8,818
mainly Other debts (+€29,479) and Depreciation (+€16,777)
- Receivables within one year -€4,322
down €4,322 (-18.1%), from €23,912 to €19,589
of which Trade receivables: -€6,208
- Other debts +€29,479
up €29,479 (+33.9%), from €86,975 to €116,453
- Profit (loss) carried forward -€28,747
down €28,747 (-41.6%), from -€69,116 to -€97,863
- Debts after one year -€12,119
down €12,119 (-40.5%), from €29,961 to €17,841
- Trade debts -€5,081
down €5,081 (-27.3%), from €18,644 to €13,563
- Gross operating margin +€9,762
up €9,762 (+61.3%), from -€15,935 to -€6,174
- Other operating charges +€1,117
up €1,117 (+442.9%), from €252 to €1,369
- Financial charges -€820
down €820 (-35.9%), from €2,287 to €1,467
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 | €84,654 | €68,115 | -€16,539 | -19.5% |
| Fixed assets | 21/28 | €56,051 | €39,274 | -€16,777 | -29.9% |
| Tangible fixed assets | 22/27 | €56,051 | €39,274 | -€16,777 | -29.9% |
| Leasing and similar rights | 25 | €56,051 | €39,274 | -€16,777 | -29.9% |
| Current assets | 29/58 | €28,603 | €28,841 | +€238 | +0.8% |
| Amounts receivable within one year | 40/41 | €23,912 | €19,589 | -€4,322 | -18.1% |
| Trade receivables | 40 | €18,959 | €12,751 | -€6,208 | -32.7% |
| Other amounts receivable | 41 | €4,952 | €6,838 | +€1,886 | +38.1% |
| Cash at bank and in hand | 54/58 | €3,852 | €8,818 | +€4,966 | +128.9% |
| Deferred charges and accrued income | 490/1 | €839 | €433 | -€406 | -48.4% |
| Total equity and liabilities | 10/49 | €84,654 | €68,115 | -€16,539 | -19.5% |
| Equity | 10/15 | -€64,116 | -€92,863 | -€28,747 | -44.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€69,116 | -€97,863 | -€28,747 | -41.6% |
| Amounts payable | 17/49 | €148,770 | €160,978 | +€12,208 | +8.2% |
| Amounts payable after more than one year | 17 | €29,961 | €17,841 | -€12,119 | -40.5% |
| Financial debts | 170/4 | €29,961 | €17,841 | -€12,119 | -40.5% |
| Amounts payable within one year | 42/48 | €117,751 | €141,350 | +€23,599 | +20.0% |
| Current portion of amounts payable after more than one year | 42 | €11,570 | €10,728 | -€842 | -7.3% |
| Trade debts | 44 | €18,644 | €13,563 | -€5,081 | -27.3% |
| Suppliers | 440/4 | €18,644 | €13,563 | -€5,081 | -27.3% |
| Taxes, remuneration and social security | 45 | €562 | €605 | +€43 | +7.7% |
| Taxes | 450/3 | €562 | €605 | +€43 | +7.7% |
| Other amounts payable | 47/48 | €86,975 | €116,453 | +€29,479 | +33.9% |
| Accrued charges and deferred income | 492/3 | €1,059 | €1,787 | +€729 | +68.8% |
| Non-recurring operating income | 76A | €1,120 | €91 | -€1,029 | -91.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,777 | €16,777 | = | 0.0% |
| Other operating charges | 640/8 | €252 | €1,369 | +€1,117 | +442.9% |
| Non-recurring operating charges | 66A | - | €2,668 | +€2,668 | |
| Gross operating margin | 9900 | -€15,935 | -€6,174 | +€9,762 | +61.3% |
| Operating profit (loss) | 9901 | -€32,964 | -€26,987 | +€5,977 | +18.1% |
| Financial charges | 65/66B | €2,287 | €1,467 | -€820 | -35.9% |
| Recurring financial charges | 65 | €2,287 | €1,467 | -€820 | -35.9% |
| Profit (loss) for the period before taxes | 9903 | -€35,251 | -€28,454 | +€6,797 | +19.3% |
| Income taxes | 67/77 | €312 | €293 | -€20 | -6.3% |
| Profit (loss) for the period | 9904 | -€35,564 | -€28,747 | +€6,817 | +19.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,564 | -€28,747 | +€6,817 | +19.2% |
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 6 October 2026 via checked.be.