VBF 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.
VBF Consulting
Largest movements
- Cash -€482,904
down €482,904 (-93.6%), from €515,891 to €32,988
mainly Current investments (-€377,630) and Net result for the year (-€67,538)
- Current investments +€377,630
new in 2025: €377,630
- Receivables within one year +€39,935
up €39,935 (+259.6%), from €15,385 to €55,320
of which Other amounts receivable: +€39,270
- Tangible fixed assets -€22,795
down €22,795 (-23.1%), from €98,613 to €75,818
of which Furniture and vehicles: -€22,066
- Profit (loss) carried forward -€67,538
down €67,538 (-16.6%), from €407,864 to €340,326
- Debts after one year -€19,682
down €19,682 (-28.6%), from €68,698 to €49,017
- Gross operating margin -€598,900
down €598,900, from €555,684 to -€43,216
- Taxes -€129,347
down €129,347 (-99.6%), from €129,814 to €467
- Depreciation +€8,213
up €8,213 (+56.3%), from €14,582 to €22,795
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 | €630,307 | €542,971 | -€87,335 | -13.9% |
| Fixed assets | 21/28 | €98,613 | €75,818 | -€22,795 | -23.1% |
| Tangible fixed assets | 22/27 | €98,613 | €75,818 | -€22,795 | -23.1% |
| Plant, machinery and equipment | 23 | €1,059 | €669 | -€390 | -36.8% |
| Furniture and vehicles | 24 | €95,980 | €73,915 | -€22,066 | -23.0% |
| Other tangible fixed assets | 26 | €1,574 | €1,234 | -€339 | -21.6% |
| Current assets | 29/58 | €531,694 | €467,153 | -€64,540 | -12.1% |
| Amounts receivable within one year | 40/41 | €15,385 | €55,320 | +€39,935 | +259.6% |
| Trade receivables | 40 | - | €666 | +€666 | |
| Other amounts receivable | 41 | €15,385 | €54,655 | +€39,270 | +255.2% |
| Current investments | 50/53 | - | €377,630 | +€377,630 | |
| Cash at bank and in hand | 54/58 | €515,891 | €32,988 | -€482,904 | -93.6% |
| Deferred charges and accrued income | 490/1 | €417 | €1,215 | +€797 | +191.1% |
| Total equity and liabilities | 10/49 | €630,307 | €542,971 | -€87,335 | -13.9% |
| Equity | 10/15 | €410,864 | €343,326 | -€67,538 | -16.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €407,864 | €340,326 | -€67,538 | -16.6% |
| Amounts payable | 17/49 | €219,443 | €199,645 | -€19,798 | -9.0% |
| Amounts payable after more than one year | 17 | €68,698 | €49,017 | -€19,682 | -28.6% |
| Financial debts | 170/4 | €68,698 | €49,017 | -€19,682 | -28.6% |
| Amounts payable within one year | 42/48 | €150,744 | €150,629 | -€116 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €18,930 | €19,682 | +€752 | +4.0% |
| Taxes, remuneration and social security | 45 | €131,814 | €130,281 | -€1,533 | -1.2% |
| Taxes | 450/3 | €131,814 | €130,281 | -€1,533 | -1.2% |
| Other amounts payable | 47/48 | - | €666 | +€666 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,582 | €22,795 | +€8,213 | +56.3% |
| Other operating charges | 640/8 | €50 | €439 | +€389 | +777.9% |
| Gross operating margin | 9900 | €555,684 | -€43,216 | -€598,900 | |
| Operating profit (loss) | 9901 | €541,052 | -€66,450 | -€607,502 | |
| Financial income | 75/76B | - | €2,632 | +€2,632 | |
| Recurring financial income | 75 | - | €2,632 | +€2,632 | |
| Financial charges | 65/66B | €3,374 | €3,253 | -€121 | -3.6% |
| Recurring financial charges | 65 | €3,374 | €3,253 | -€121 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | €537,678 | -€67,071 | -€604,749 | |
| Income taxes | 67/77 | €129,814 | €467 | -€129,347 | -99.6% |
| Profit (loss) for the period | 9904 | €407,864 | -€67,538 | -€475,401 | |
| Profit (loss) for the period to be appropriated | 9905 | €407,864 | -€67,538 | -€475,401 |
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 4 October 2026 via checked.be.