VBS Consult: 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.
VBS Consult
Largest movements
- Receivables after one year +€1,349
up €1,349 (+45.0%), from €3,000 to €4,349
- Formation expenses -€225
down €225 (-32.6%), from €690 to €465
- Cash -€195
down €195 (-7.4%), from €2,628 to €2,433
mainly Receivables after one year (-€1,349) and Other debts (-€859)
- Deferred charges and accrued income +€176
new in 2025: €176
- Receivables within one year +€100
up €100 (+30.9%), from €322 to €422
- Reserves +€2,398
up €2,398 (+84.3%), from €2,847 to €5,245
- Other debts -€859
down €859 (-100.0%), from €859 to €0
- Tax, wage and social debts -€292
down €292 (-32.8%), from €892 to €600
- Gross operating margin -€1,838
down €1,838 (-35.9%), from €5,116 to €3,278
- Taxes -€292
down €292 (-32.8%), from €892 to €600
- Other operating charges -€202
down €202 (-52.0%), from €387 to €186
- Financial income +€176
new in 2025: €176
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 | €6,640 | €7,845 | +€1,205 | +18.1% |
| Formation expenses | 20 | €690 | €465 | -€225 | -32.6% |
| Current assets | 29/58 | €5,950 | €7,380 | +€1,429 | +24.0% |
| Amounts receivable after more than one year | 29 | €3,000 | €4,349 | +€1,349 | +45.0% |
| Other amounts receivable | 291 | €3,000 | €4,349 | +€1,349 | +45.0% |
| Amounts receivable within one year | 40/41 | €322 | €422 | +€100 | +30.9% |
| Trade receivables | 40 | €322 | €422 | +€100 | +30.9% |
| Cash at bank and in hand | 54/58 | €2,628 | €2,433 | -€195 | -7.4% |
| Deferred charges and accrued income | 490/1 | - | €176 | +€176 | |
| Total equity and liabilities | 10/49 | €6,640 | €7,845 | +€1,205 | +18.1% |
| Equity | 10/15 | €4,847 | €7,245 | +€2,398 | +49.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €2,847 | €5,245 | +€2,398 | +84.3% |
| Distributable reserves | 133 | €2,847 | €5,245 | +€2,398 | +84.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,793 | €600 | -€1,194 | -66.6% |
| Amounts payable within one year | 42/48 | €1,793 | €600 | -€1,194 | -66.6% |
| Trade debts | 44 | €42 | €0 | -€42 | -100.0% |
| Suppliers | 440/4 | €42 | €0 | -€42 | -100.0% |
| Taxes, remuneration and social security | 45 | €892 | €600 | -€292 | -32.8% |
| Taxes | 450/3 | €892 | €600 | -€292 | -32.8% |
| Other amounts payable | 47/48 | €859 | €0 | -€859 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €225 | €225 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €186 | -€202 | -52.0% |
| Gross operating margin | 9900 | €5,116 | €3,278 | -€1,838 | -35.9% |
| Operating profit (loss) | 9901 | €4,504 | €2,867 | -€1,637 | -36.3% |
| Financial income | 75/76B | - | €176 | +€176 | |
| Recurring financial income | 75 | - | €176 | +€176 | |
| Financial charges | 65/66B | €44 | €45 | +€2 | +3.4% |
| Recurring financial charges | 65 | €44 | €45 | +€2 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €4,460 | €2,998 | -€1,462 | -32.8% |
| Income taxes | 67/77 | €892 | €600 | -€292 | -32.8% |
| Profit (loss) for the period | 9904 | €3,568 | €2,398 | -€1,170 | -32.8% |
| Profit (loss) for the period to be appropriated | 9905 | €3,568 | €2,398 | -€1,170 | -32.8% |
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 7 October 2026 via checked.be.