VC & Co Management: 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.
What changed
VC & Co Management
NACE 70.200, Business and other management consultancy
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
€1,872
2025 · €10,408-€8,537
Equity
€28,626
2025 · €28,855-€228
Cash
€9,960
2025 · €6,298+€3,661
Balance sheet total
€32,484
2025 · €31,419+€1,065
Largest movements
Assets
- Cash +€3,661
up €3,661 (+58.1%), from €6,298 to €9,960
mainly Receivables within one year (+€2,596) and Net result for the year (+€1,872)
- Receivables within one year -€2,596
down €2,596 (-11.5%), from €22,621 to €20,025
of which Trade receivables: -€2,565
Equity and liabilities
- Profit (loss) carried forward -€19,128
down €19,128 (-95.6%), from €20,000 to €872
- Reserves +€18,900
up €18,900 (+712%), from €2,655 to €21,555
of which Tax-exempt reserves: +€18,900
- Tax, wage and social debts +€1,090
up €1,090 (+42.5%), from €2,565 to €3,655
of which Taxes: +€1,311
Income statement
- Turnover +€10,260
new in 2026: €10,260
- Gross operating margin -€9,802
down €9,802 (-76.7%), from €12,780 to €2,978
- Purchases and services +€7,282
new in 2026: €7,282
- Taxes -€1,273
down €1,273 (-54.3%), from €2,344 to €1,071
From the 2025 result to the 2026 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.
Result 2025
€10,408
Gross operating margin
-€9,802
Financial income
+€1
Financial charges
-€10
Taxes
+€1,273
Result 2026
€1,872
raises the resultlowers the result
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€5,761
Investment
€0
Financing
-€2,100
Cash 2025
€6,298
From operations (derived)
+€5,761
Net result for the year
+€1,872
Receivables within one year
+€2,596
Trade debts
+€203
Tax, wage and social debts
+€1,090
Financing
-€2,100
Contributions, distributions and other
-€2,100
Cash 2026
€9,960
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €31,419 | €32,484 | +€1,065 | +3.4% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €2,500 | €2,500 | = | 0.0% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | - | €0 | = | |
| Land and buildings | 22 | - | €0 | = | |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | - | €0 | = | |
| Leasing and similar rights | 25 | - | €0 | = | |
| Other tangible fixed assets | 26 | - | €0 | = | |
| Assets under construction and advance payments | 27 | - | €0 | = | |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €28,919 | €29,984 | +€1,065 | +3.7% |
| Amounts receivable after more than one year | 29 | - | €0 | = | |
| Trade receivables | 290 | - | €0 | = | |
| Other amounts receivable | 291 | - | €0 | = | |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Stocks | 30/36 | - | €0 | = | |
| Contracts in progress | 37 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €22,621 | €20,025 | -€2,596 | -11.5% |
| Trade receivables | 40 | €3,243 | €678 | -€2,565 | -79.1% |
| Other amounts receivable | 41 | €19,378 | €19,347 | -€31 | -0.2% |
| Current investments | 50/53 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €6,298 | €9,960 | +€3,661 | +58.1% |
| Deferred charges and accrued income | 490/1 | - | €0 | = | |
| Total equity and liabilities | 10/49 | €31,419 | €32,484 | +€1,065 | +3.4% |
| Equity | 10/15 | €28,855 | €28,626 | -€228 | -0.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Revaluation surpluses | 12 | - | €0 | = | |
| Reserves | 13 | €2,655 | €21,555 | +€18,900 | +712% |
| Non-distributable reserves | 130/1 | €2,655 | €2,655 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,655 | €2,655 | = | 0.0% |
| Own shares acquired | 1312 | - | €0 | = | |
| Financial assistance | 1313 | - | €0 | = | |
| Other | 1319 | - | €0 | = | |
| Tax-exempt reserves | 132 | - | €18,900 | +€18,900 | |
| Distributable reserves | 133 | - | €0 | = | |
| Profit (loss) carried forward | 14 | €20,000 | €872 | -€19,128 | -95.6% |
| Investment grants | 15 | - | €0 | = | |
| Advance to shareholders on the distribution of net assets | 19 | - | €0 | = | |
| Provisions and deferred taxes | 16 | - | €0 | = | |
| Provisions for liabilities and charges | 160/5 | - | €0 | = | |
| Pensions and similar obligations | 160 | - | €0 | = | |
| Taxes | 161 | - | €0 | = | |
| Major repairs and maintenance | 162 | - | €0 | = | |
| Environmental obligations | 163 | - | €0 | = | |
| Other liabilities and charges | 164/5 | - | €0 | = | |
| Deferred taxes | 168 | - | €0 | = | |
| Amounts payable | 17/49 | €2,565 | €3,858 | +€1,294 | +50.4% |
| Amounts payable after more than one year | 17 | - | €0 | = | |
| Financial debts | 170/4 | - | €0 | = | |
| Trade debts | 175 | - | €0 | = | |
| Advances received on contracts in progress | 176 | - | €0 | = | |
| Other amounts payable | 178/9 | - | €0 | = | |
| Amounts payable within one year | 42/48 | €2,565 | €3,858 | +€1,294 | +50.4% |
| Current portion of amounts payable after more than one year | 42 | - | €0 | = | |
| Financial debts | 43 | - | €0 | = | |
| Credit institutions | 430/8 | - | €0 | = | |
| Other loans | 439 | - | €0 | = | |
| Trade debts | 44 | - | €203 | +€203 | |
| Suppliers | 440/4 | - | €203 | +€203 | |
| Bills of exchange payable | 441 | - | €0 | = | |
| Advances received on contracts in progress | 46 | - | €0 | = | |
| Taxes, remuneration and social security | 45 | €2,565 | €3,655 | +€1,090 | +42.5% |
| Taxes | 450/3 | €2,344 | €3,655 | +€1,311 | +56.0% |
| Remuneration and social security | 454/9 | €221 | €0 | -€221 | -100% |
| Other amounts payable | 47/48 | - | €0 | = | |
| Accrued charges and deferred income | 492/3 | - | €0 | = | |
| Turnover | 70 | - | €10,260 | +€10,260 | |
| Non-recurring operating income | 76A | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €7,282 | +€7,282 | |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €0 | = | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €0 | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €0 | = | |
| Other operating charges | 640/8 | - | €0 | = | |
| Operating charges capitalised as restructuring costs | 649 | - | €0 | = | |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | €12,780 | €2,978 | -€9,802 | -76.7% |
| Operating profit (loss) | 9901 | €12,780 | €2,978 | -€9,802 | -76.7% |
| Financial income | 75/76B | €0 | €1 | +€1 | +14,100% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +14,100% |
| Non-recurring financial income | 76B | - | €0 | = | |
| Financial charges | 65/66B | €28 | €37 | +€10 | +34.5% |
| Recurring financial charges | 65 | €28 | €37 | +€10 | +34.5% |
| Non-recurring financial charges | 66B | - | €0 | = | |
| Profit (loss) for the period before taxes | 9903 | €12,752 | €2,942 | -€9,810 | -76.9% |
| Transfer from deferred taxes | 780 | - | €0 | = | |
| Transfer to deferred taxes | 680 | - | €0 | = | |
| Income taxes | 67/77 | €2,344 | €1,071 | -€1,273 | -54.3% |
| Profit (loss) for the period | 9904 | €10,408 | €1,872 | -€8,537 | -82.0% |
| Transfer from tax-exempt reserves | 789 | - | €0 | = | |
| Transfer to tax-exempt reserves | 689 | - | €0 | = | |
| Profit (loss) for the period to be appropriated | 9905 | €10,408 | €1,872 | -€8,537 | -82.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.