VB PROJECT 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.
VB PROJECT CONSULTING
Largest movements
- Receivables within one year +€187,044
up €187,044 (+74.7%), from €250,398 to €437,443
of which Trade receivables: +€178,178
- Tangible fixed assets -€30,054
down €30,054 (-46.9%), from €64,125 to €34,070
of which Furniture and vehicles: -€28,254
- Cash -€10,379
down €10,379 (-39.1%), from €26,547 to €16,168
mainly Receivables within one year (-€187,044) and Tax, wage and social debts (-€39,068)
- Trade debts +€184,543
up €184,543 (+270%), from €68,405 to €252,948
- Tax, wage and social debts -€39,068
down €39,068 (-56.7%), from €68,859 to €29,791
of which Taxes: -€25,479
- Profit (loss) carried forward +€25,784
up €25,784 (+14.4%), from €179,158 to €204,942
- Other debts -€24,648
no longer reported in 2024 (was €24,648)
- Gross operating margin -€76,828
down €76,828 (-40.5%), from €189,891 to €113,062
- Financial income +€70,058
up €70,058 (+384,089%), from €18 to €70,076
- Staff costs +€19,824
up €19,824 (+24.9%), from €79,656 to €99,481
- Financial charges -€10,003
down €10,003 (-47.8%), from €20,911 to €10,908
- Depreciation +€9,499
up €9,499 (+46.2%), from €20,555 to €30,054
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €341,070 | €487,681 | +€146,611 | +43.0% |
| Fixed assets | 21/28 | €64,125 | €34,070 | -€30,054 | -46.9% |
| Tangible fixed assets | 22/27 | €64,125 | €34,070 | -€30,054 | -46.9% |
| Plant, machinery and equipment | 23 | €5,035 | €3,235 | -€1,800 | -35.8% |
| Furniture and vehicles | 24 | €59,090 | €30,836 | -€28,254 | -47.8% |
| Current assets | 29/58 | €276,945 | €453,610 | +€176,665 | +63.8% |
| Amounts receivable within one year | 40/41 | €250,398 | €437,443 | +€187,044 | +74.7% |
| Trade receivables | 40 | €247,124 | €425,302 | +€178,178 | +72.1% |
| Other amounts receivable | 41 | €3,274 | €12,141 | +€8,867 | +271% |
| Cash at bank and in hand | 54/58 | €26,547 | €16,168 | -€10,379 | -39.1% |
| Total equity and liabilities | 10/49 | €341,070 | €487,681 | +€146,611 | +43.0% |
| Equity | 10/15 | €179,158 | €204,942 | +€25,784 | +14.4% |
| Profit (loss) carried forward | 14 | €179,158 | €204,942 | +€25,784 | +14.4% |
| Amounts payable | 17/49 | €161,912 | €282,739 | +€120,827 | +74.6% |
| Amounts payable within one year | 42/48 | €161,912 | €282,739 | +€120,827 | +74.6% |
| Trade debts | 44 | €68,405 | €252,948 | +€184,543 | +270% |
| Suppliers | 440/4 | €68,405 | €252,948 | +€184,543 | +270% |
| Taxes, remuneration and social security | 45 | €68,859 | €29,791 | -€39,068 | -56.7% |
| Taxes | 450/3 | €55,271 | €29,791 | -€25,479 | -46.1% |
| Remuneration and social security | 454/9 | €13,588 | - | -€13,588 | |
| Other amounts payable | 47/48 | €24,648 | - | -€24,648 | |
| Remuneration, social security and pensions | 62 | €79,656 | €99,481 | +€19,824 | +24.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,555 | €30,054 | +€9,499 | +46.2% |
| Other operating charges | 640/8 | €5,889 | €4,596 | -€1,293 | -22.0% |
| Gross operating margin | 9900 | €189,891 | €113,062 | -€76,828 | -40.5% |
| Operating profit (loss) | 9901 | €83,791 | -€21,068 | -€104,859 | |
| Financial income | 75/76B | €18 | €70,076 | +€70,058 | +384,089% |
| Recurring financial income | 75 | €18 | €70,076 | +€70,058 | +384,089% |
| Financial charges | 65/66B | €20,911 | €10,908 | -€10,003 | -47.8% |
| Recurring financial charges | 65 | €20,911 | €10,908 | -€10,003 | -47.8% |
| Profit (loss) for the period before taxes | 9903 | €62,898 | €38,100 | -€24,798 | -39.4% |
| Income taxes | 67/77 | €17,475 | €12,316 | -€5,159 | -29.5% |
| Profit (loss) for the period | 9904 | €45,423 | €25,784 | -€19,640 | -43.2% |
| Profit (loss) for the period to be appropriated | 9905 | €45,423 | €25,784 | -€19,640 | -43.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.