VC 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.
VC CONSULTING
Largest movements
- Receivables after one year +€50,000
new in 2025: €50,000
- Intangible fixed assets +€38,786
new in 2025: €38,786
- Receivables within one year -€12,289
down €12,289 (-99.2%), from €12,383 to €94
of which Trade receivables: -€11,281
- Tangible fixed assets -€5,443
down €5,443 (-26.7%), from €20,391 to €14,948
- Cash -€2,700
down €2,700 (-10.9%), from €24,781 to €22,081
mainly Receivables after one year (-€50,000) and Investment in fixed assets (net) (-€45,000)
- Debts after one year +€45,101
new in 2025: €45,101
- Current portion of long-term debt +€17,396
new in 2025: €17,396
- Profit (loss) carried forward +€6,664
up €6,664 (+16.2%), from €41,201 to €47,864
- Depreciation +€6,423
up €6,423 (+123%), from €5,234 to €11,657
- Gross operating margin -€5,790
down €5,790 (-15.1%), from €38,390 to €32,601
- Taxes -€3,807
down €3,807 (-50.1%), from €7,593 to €3,785
- Staff costs +€2,698
up €2,698, from €0 to €2,698
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 | €63,555 | €133,048 | +€69,493 | +109% |
| Fixed assets | 21/28 | €20,391 | €53,735 | +€33,343 | +164% |
| Intangible fixed assets | 21 | - | €38,786 | +€38,786 | |
| Tangible fixed assets | 22/27 | €20,391 | €14,948 | -€5,443 | -26.7% |
| Furniture and vehicles | 24 | €20,391 | €14,948 | -€5,443 | -26.7% |
| Current assets | 29/58 | €43,164 | €79,313 | +€36,149 | +83.7% |
| Amounts receivable after more than one year | 29 | - | €50,000 | +€50,000 | |
| Other amounts receivable | 291 | - | €50,000 | +€50,000 | |
| Amounts receivable within one year | 40/41 | €12,383 | €94 | -€12,289 | -99.2% |
| Trade receivables | 40 | €11,375 | €94 | -€11,281 | -99.2% |
| Other amounts receivable | 41 | €1,008 | - | -€1,008 | |
| Cash at bank and in hand | 54/58 | €24,781 | €22,081 | -€2,700 | -10.9% |
| Deferred charges and accrued income | 490/1 | €6,000 | €7,138 | +€1,138 | +19.0% |
| Total equity and liabilities | 10/49 | €63,555 | €133,048 | +€69,493 | +109% |
| Equity | 10/15 | €43,201 | €49,864 | +€6,664 | +15.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,201 | €47,864 | +€6,664 | +16.2% |
| Amounts payable | 17/49 | €20,355 | €83,184 | +€62,829 | +309% |
| Amounts payable after more than one year | 17 | - | €45,101 | +€45,101 | |
| Financial debts | 170/4 | - | €45,101 | +€45,101 | |
| Amounts payable within one year | 42/48 | €20,355 | €38,083 | +€17,729 | +87.1% |
| Current portion of amounts payable after more than one year | 42 | - | €17,396 | +€17,396 | |
| Trade debts | 44 | €1,065 | €2,104 | +€1,039 | +97.6% |
| Suppliers | 440/4 | €1,065 | €2,104 | +€1,039 | +97.6% |
| Taxes, remuneration and social security | 45 | €19,011 | €17,796 | -€1,216 | -6.4% |
| Taxes | 450/3 | €19,011 | €17,796 | -€1,216 | -6.4% |
| Other amounts payable | 47/48 | €279 | €788 | +€509 | +183% |
| Remuneration, social security and pensions | 62 | €0 | €2,698 | +€2,698 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,234 | €11,657 | +€6,423 | +123% |
| Non-recurring operating charges | 66A | - | €7,419 | +€7,419 | |
| Gross operating margin | 9900 | €38,390 | €32,601 | -€5,790 | -15.1% |
| Operating profit (loss) | 9901 | €33,156 | €10,827 | -€22,329 | -67.3% |
| Financial income | 75/76B | €59 | €1 | -€58 | -99.1% |
| Recurring financial income | 75 | €59 | €1 | -€58 | -99.1% |
| Financial charges | 65/66B | €244 | €379 | +€135 | +55.2% |
| Recurring financial charges | 65 | €244 | €379 | +€135 | +55.2% |
| Profit (loss) for the period before taxes | 9903 | €32,971 | €10,449 | -€22,522 | -68.3% |
| Income taxes | 67/77 | €7,593 | €3,785 | -€3,807 | -50.1% |
| Profit (loss) for the period | 9904 | €25,378 | €6,664 | -€18,715 | -73.7% |
| Profit (loss) for the period to be appropriated | 9905 | €25,378 | €6,664 | -€18,715 | -73.7% |
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.