VBM 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.
VBM CONSULTING
Largest movements
- Receivables within one year -€14,888
down €14,888 (-20.3%), from €73,396 to €58,508
of which Trade receivables: -€14,888
- Cash -€9,821
down €9,821 (-17.2%), from €57,139 to €47,318
mainly Contributions, distributions and other (-€60,000) and Other debts (-€46,000)
- Tangible fixed assets -€3,561
down €3,561 (-50.4%), from €7,067 to €3,506
of which Furniture and vehicles: -€2,372
- Other debts -€46,000
down €46,000 (-89.4%), from €51,475 to €5,475
- Reserves +€21,167
up €21,167 (+31.1%), from €68,044 to €89,211
- Tax, wage and social debts -€3,822
down €3,822 (-24.1%), from €15,891 to €12,069
of which Remuneration and social security: -€3,377
- Gross operating margin -€8,860
down €8,860 (-7.5%), from €118,399 to €109,539
- Taxes -€1,314
down €1,314 (-5.6%), from €23,596 to €22,282
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 | €140,688 | €112,545 | -€28,143 | -20.0% |
| Fixed assets | 21/28 | €7,067 | €3,506 | -€3,561 | -50.4% |
| Tangible fixed assets | 22/27 | €7,067 | €3,506 | -€3,561 | -50.4% |
| Furniture and vehicles | 24 | €2,651 | €279 | -€2,372 | -89.5% |
| Other tangible fixed assets | 26 | €4,416 | €3,228 | -€1,189 | -26.9% |
| Current assets | 29/58 | €133,621 | €109,039 | -€24,582 | -18.4% |
| Amounts receivable within one year | 40/41 | €73,396 | €58,508 | -€14,888 | -20.3% |
| Trade receivables | 40 | €17,492 | €2,604 | -€14,888 | -85.1% |
| Other amounts receivable | 41 | €55,904 | €55,904 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €57,139 | €47,318 | -€9,821 | -17.2% |
| Deferred charges and accrued income | 490/1 | €3,086 | €3,213 | +€127 | +4.1% |
| Total equity and liabilities | 10/49 | €140,688 | €112,545 | -€28,143 | -20.0% |
| Equity | 10/15 | €72,044 | €93,211 | +€21,167 | +29.4% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €68,044 | €89,211 | +€21,167 | +31.1% |
| Distributable reserves | 133 | €68,044 | €89,211 | +€21,167 | +31.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €68,644 | €19,334 | -€49,311 | -71.8% |
| Amounts payable within one year | 42/48 | €68,644 | €19,334 | -€49,311 | -71.8% |
| Trade debts | 44 | €1,278 | €1,789 | +€512 | +40.0% |
| Suppliers | 440/4 | €1,278 | €1,789 | +€512 | +40.0% |
| Taxes, remuneration and social security | 45 | €15,891 | €12,069 | -€3,822 | -24.1% |
| Taxes | 450/3 | €12,514 | €12,069 | -€445 | -3.6% |
| Remuneration and social security | 454/9 | €3,377 | €0 | -€3,377 | -100% |
| Other amounts payable | 47/48 | €51,475 | €5,475 | -€46,000 | -89.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,877 | €3,561 | -€315 | -8.1% |
| Other operating charges | 640/8 | €46 | €46 | = | 0.0% |
| Gross operating margin | 9900 | €118,399 | €109,539 | -€8,860 | -7.5% |
| Operating profit (loss) | 9901 | €114,476 | €105,932 | -€8,544 | -7.5% |
| Financial income | 75/76B | €0 | €1 | +€1 | +2,900% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +2,900% |
| Financial charges | 65/66B | €2,543 | €2,483 | -€60 | -2.4% |
| Recurring financial charges | 65 | €2,543 | €2,483 | -€60 | -2.4% |
| Profit (loss) for the period before taxes | 9903 | €111,933 | €103,449 | -€8,484 | -7.6% |
| Income taxes | 67/77 | €23,596 | €22,282 | -€1,314 | -5.6% |
| Profit (loss) for the period | 9904 | €88,337 | €81,167 | -€7,170 | -8.1% |
| Profit (loss) for the period to be appropriated | 9905 | €88,337 | €81,167 | -€7,170 | -8.1% |
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 15 October 2026 via checked.be.