VBH 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.
VBH Consulting
Largest movements
- Receivables within one year +€27,991
up €27,991 (+121%), from €23,153 to €51,143
of which Trade receivables: +€35,720
- Tangible fixed assets +€7,093
up €7,093 (+406%), from €1,747 to €8,840
of which Plant, machinery and equipment: +€7,603
- Cash +€6,042
up €6,042 (+14.9%), from €40,643 to €46,684
mainly Net result for the year (+€19,522) and Trade debts (+€17,700)
- Profit (loss) carried forward +€19,522
up €19,522 (+50.7%), from €38,530 to €58,052
- Trade debts +€17,700
up €17,700 (+3,120%), from €567 to €18,267
- Tax, wage and social debts +€4,085
up €4,085 (+16.9%), from €24,145 to €28,230
of which Taxes: +€8,085
- Gross operating margin -€24,759
down €24,759 (-45.9%), from €53,894 to €29,135
- Taxes -€4,729
down €4,729 (-43.9%), from €10,778 to €6,049
- Staff costs -€1,266
down €1,266 (-100%), from €1,266 to €0
- Depreciation +€593
up €593 (+158%), from €376 to €969
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 | €66,242 | €107,549 | +€41,306 | +62.4% |
| Fixed assets | 21/28 | €1,747 | €8,840 | +€7,093 | +406% |
| Tangible fixed assets | 22/27 | €1,747 | €8,840 | +€7,093 | +406% |
| Plant, machinery and equipment | 23 | - | €7,603 | +€7,603 | |
| Furniture and vehicles | 24 | €1,747 | €1,238 | -€509 | -29.2% |
| Current assets | 29/58 | €64,496 | €98,709 | +€34,213 | +53.0% |
| Amounts receivable within one year | 40/41 | €23,153 | €51,143 | +€27,991 | +121% |
| Trade receivables | 40 | €11,798 | €47,517 | +€35,720 | +303% |
| Other amounts receivable | 41 | €11,355 | €3,626 | -€7,729 | -68.1% |
| Cash at bank and in hand | 54/58 | €40,643 | €46,684 | +€6,042 | +14.9% |
| Deferred charges and accrued income | 490/1 | €700 | €881 | +€181 | +25.8% |
| Total equity and liabilities | 10/49 | €66,242 | €107,549 | +€41,306 | +62.4% |
| Equity | 10/15 | €41,530 | €61,052 | +€19,522 | +47.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,530 | €58,052 | +€19,522 | +50.7% |
| Amounts payable | 17/49 | €24,713 | €46,497 | +€21,785 | +88.2% |
| Amounts payable within one year | 42/48 | €24,713 | €46,497 | +€21,785 | +88.2% |
| Trade debts | 44 | €567 | €18,267 | +€17,700 | +3,120% |
| Suppliers | 440/4 | €567 | €18,267 | +€17,700 | +3,120% |
| Taxes, remuneration and social security | 45 | €24,145 | €28,230 | +€4,085 | +16.9% |
| Taxes | 450/3 | €20,145 | €28,230 | +€8,085 | +40.1% |
| Remuneration and social security | 454/9 | €4,000 | €0 | -€4,000 | -100% |
| Remuneration, social security and pensions | 62 | €1,266 | €0 | -€1,266 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €376 | €969 | +€593 | +158% |
| Other operating charges | 640/8 | €173 | €550 | +€377 | +218% |
| Gross operating margin | 9900 | €53,894 | €29,135 | -€24,759 | -45.9% |
| Operating profit (loss) | 9901 | €52,080 | €27,616 | -€24,464 | -47.0% |
| Financial income | 75/76B | - | €420 | +€420 | |
| Recurring financial income | 75 | - | €420 | +€420 | |
| Financial charges | 65/66B | €2,772 | €2,465 | -€307 | -11.1% |
| Recurring financial charges | 65 | €2,772 | €2,465 | -€307 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | €49,308 | €25,571 | -€23,737 | -48.1% |
| Income taxes | 67/77 | €10,778 | €6,049 | -€4,729 | -43.9% |
| Profit (loss) for the period | 9904 | €38,530 | €19,522 | -€19,008 | -49.3% |
| Profit (loss) for the period to be appropriated | 9905 | €38,530 | €19,522 | -€19,008 | -49.3% |
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 28 October 2026 via checked.be.