VBL 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.
VBL CONSULTING
Largest movements
- Cash +€29,876
up €29,876 (+12.4%), from €241,651 to €271,527
mainly Net result for the year (+€43,538) and Other debts (+€5,950)
- Profit (loss) carried forward +€22,038
up €22,038 (+9.3%), from €235,794 to €257,832
- Other debts +€5,950
up €5,950 (+46.5%), from €12,789 to €18,739
- Gross operating margin -€7,692
down €7,692 (-11.5%), from €67,066 to €59,375
- Taxes -€1,785
down €1,785 (-13.1%), from €13,600 to €11,815
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 | €270,658 | €301,477 | +€30,819 | +11.4% |
| Fixed assets | 21/28 | €12,481 | €13,118 | +€637 | +5.1% |
| Tangible fixed assets | 22/27 | €12,481 | €13,118 | +€637 | +5.1% |
| Plant, machinery and equipment | 23 | €10,999 | €12,130 | +€1,131 | +10.3% |
| Furniture and vehicles | 24 | €1,481 | €988 | -€494 | -33.3% |
| Current assets | 29/58 | €258,177 | €288,359 | +€30,182 | +11.7% |
| Amounts receivable within one year | 40/41 | €16,526 | €16,725 | +€199 | +1.2% |
| Trade receivables | 40 | €13,726 | €13,613 | -€113 | -0.8% |
| Other amounts receivable | 41 | €2,800 | €3,112 | +€312 | +11.2% |
| Cash at bank and in hand | 54/58 | €241,651 | €271,527 | +€29,876 | +12.4% |
| Deferred charges and accrued income | 490/1 | - | €107 | +€107 | |
| Total equity and liabilities | 10/49 | €270,658 | €301,477 | +€30,819 | +11.4% |
| Equity | 10/15 | €243,854 | €265,892 | +€22,038 | +9.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €235,794 | €257,832 | +€22,038 | +9.3% |
| Amounts payable | 17/49 | €26,804 | €35,585 | +€8,781 | +32.8% |
| Amounts payable within one year | 42/48 | €26,804 | €35,585 | +€8,781 | +32.8% |
| Trade debts | 44 | €2,110 | €3,140 | +€1,030 | +48.8% |
| Suppliers | 440/4 | €2,110 | €3,140 | +€1,030 | +48.8% |
| Taxes, remuneration and social security | 45 | €11,905 | €13,707 | +€1,802 | +15.1% |
| Taxes | 450/3 | €11,905 | €13,707 | +€1,802 | +15.1% |
| Other amounts payable | 47/48 | €12,789 | €18,739 | +€5,950 | +46.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,015 | €2,317 | +€301 | +15.0% |
| Other operating charges | 640/8 | €806 | €894 | +€88 | +10.9% |
| Gross operating margin | 9900 | €67,066 | €59,375 | -€7,692 | -11.5% |
| Operating profit (loss) | 9901 | €64,245 | €56,164 | -€8,081 | -12.6% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,088 | €812 | -€276 | -25.4% |
| Recurring financial charges | 65 | €1,088 | €812 | -€276 | -25.4% |
| Profit (loss) for the period before taxes | 9903 | €63,157 | €55,353 | -€7,804 | -12.4% |
| Income taxes | 67/77 | €13,600 | €11,815 | -€1,785 | -13.1% |
| Profit (loss) for the period | 9904 | €49,557 | €43,538 | -€6,019 | -12.1% |
| Profit (loss) for the period to be appropriated | 9905 | €49,557 | €43,538 | -€6,019 | -12.1% |
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 24 October 2026 via checked.be.