VBV 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.
VBV Consulting
Largest movements
- Cash +€24,950
up €24,950 (+57.7%), from €43,253 to €68,203
mainly Net result for the year (+€23,631) and Receivables within one year (+€18,515)
- Receivables within one year -€18,515
down €18,515 (-24.9%), from €74,231 to €55,717
of which Trade receivables: -€21,978
- Tangible fixed assets -€9,891
down €9,891 (-5.0%), from €195,954 to €186,062
of which Land and buildings: -€6,894
- Profit (loss) carried forward +€23,631
up €23,631 (+18.3%), from €128,897 to €152,528
- Debts after one year -€16,778
down €16,778 (-16.0%), from €104,951 to €88,172
- Tax, wage and social debts -€14,034
down €14,034 (-72.8%), from €19,284 to €5,250
- Trade debts +€3,953
up €3,953 (+10.8%), from €36,630 to €40,583
- Gross operating margin +€10,552
up €10,552 (+22.5%), from €46,985 to €57,537
- Taxes +€3,827
up €3,827 (+44.1%), from €8,673 to €12,500
- Financial charges +€2,286
up €2,286 (+37.7%), from €6,060 to €8,346
- Other operating charges +€1,043
up €1,043 (+89.5%), from €1,164 to €2,207
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 | €326,690 | €323,772 | -€2,918 | -0.9% |
| Fixed assets | 21/28 | €196,421 | €188,345 | -€8,076 | -4.1% |
| Intangible fixed assets | 21 | €468 | €2,283 | +€1,816 | +388% |
| Tangible fixed assets | 22/27 | €195,954 | €186,062 | -€9,891 | -5.0% |
| Land and buildings | 22 | €187,029 | €180,135 | -€6,894 | -3.7% |
| Plant, machinery and equipment | 23 | €2,547 | €813 | -€1,734 | -68.1% |
| Furniture and vehicles | 24 | €984 | €701 | -€283 | -28.8% |
| Leasing and similar rights | 25 | €5,394 | - | -€5,394 | |
| Other tangible fixed assets | 26 | - | €4,413 | +€4,413 | |
| Current assets | 29/58 | €130,269 | €135,426 | +€5,158 | +4.0% |
| Amounts receivable within one year | 40/41 | €74,231 | €55,717 | -€18,515 | -24.9% |
| Trade receivables | 40 | €54,976 | €32,999 | -€21,978 | -40.0% |
| Other amounts receivable | 41 | €19,255 | €22,718 | +€3,463 | +18.0% |
| Cash at bank and in hand | 54/58 | €43,253 | €68,203 | +€24,950 | +57.7% |
| Deferred charges and accrued income | 490/1 | €12,785 | €11,507 | -€1,278 | -10.0% |
| Total equity and liabilities | 10/49 | €326,690 | €323,772 | -€2,918 | -0.9% |
| Equity | 10/15 | €149,357 | €172,988 | +€23,631 | +15.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €128,897 | €152,528 | +€23,631 | +18.3% |
| Amounts payable | 17/49 | €177,333 | €150,784 | -€26,549 | -15.0% |
| Amounts payable after more than one year | 17 | €104,951 | €88,172 | -€16,778 | -16.0% |
| Financial debts | 170/4 | €104,951 | €88,172 | -€16,778 | -16.0% |
| Amounts payable within one year | 42/48 | €72,382 | €62,611 | -€9,771 | -13.5% |
| Current portion of amounts payable after more than one year | 42 | €16,468 | €16,778 | +€310 | +1.9% |
| Trade debts | 44 | €36,630 | €40,583 | +€3,953 | +10.8% |
| Suppliers | 440/4 | €36,630 | €40,583 | +€3,953 | +10.8% |
| Taxes, remuneration and social security | 45 | €19,284 | €5,250 | -€14,034 | -72.8% |
| Taxes | 450/3 | €19,284 | €5,250 | -€14,034 | -72.8% |
| Non-recurring operating income | 76A | €1,000 | €1,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,237 | €10,926 | -€311 | -2.8% |
| Other operating charges | 640/8 | €1,164 | €2,207 | +€1,043 | +89.5% |
| Non-recurring operating charges | 66A | €874 | €206 | -€668 | -76.4% |
| Gross operating margin | 9900 | €46,985 | €57,537 | +€10,552 | +22.5% |
| Operating profit (loss) | 9901 | €33,710 | €44,198 | +€10,488 | +31.1% |
| Financial income | 75/76B | €4 | €279 | +€275 | +7,409% |
| Recurring financial income | 75 | €4 | €279 | +€275 | +7,409% |
| Financial charges | 65/66B | €6,060 | €8,346 | +€2,286 | +37.7% |
| Recurring financial charges | 65 | €6,060 | €8,346 | +€2,286 | +37.7% |
| Profit (loss) for the period before taxes | 9903 | €27,654 | €36,131 | +€8,477 | +30.7% |
| Income taxes | 67/77 | €8,673 | €12,500 | +€3,827 | +44.1% |
| Profit (loss) for the period | 9904 | €18,981 | €23,631 | +€4,650 | +24.5% |
| Profit (loss) for the period to be appropriated | 9905 | €18,981 | €23,631 | +€4,650 | +24.5% |
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 14 October 2026 via checked.be.