VCS MANAGEMENT CONSULT: 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.
VCS MANAGEMENT CONSULT
Largest movements
- Receivables within one year -€2,595
down €2,595 (-36.5%), from €7,101 to €4,506
of which Trade receivables: -€7,101
- Cash +€1,423
up €1,423 (+4.3%), from €32,965 to €34,388
mainly Net result for the year (+€45,621) and Receivables within one year (+€2,595)
- Profit (loss) carried forward +€45,621
up €45,621 (+44.6%), from -€102,381 to -€56,760
- Other debts -€42,970
down €42,970 (-37.5%), from €114,636 to €71,666
- Tax, wage and social debts -€4,339
down €4,339 (-53.4%), from €8,131 to €3,793
of which Taxes: -€2,739
- Trade debts +€1,104
up €1,104 (+168%), from €658 to €1,762
- Gross operating margin -€12,728
down €12,728 (-16.4%), from €77,543 to €64,814
- Taxes -€3,367
down €3,367 (-17.9%), from €18,861 to €15,494
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 | €41,889 | €41,156 | -€733 | -1.7% |
| Fixed assets | 21/28 | €326 | €739 | +€413 | +127% |
| Tangible fixed assets | 22/27 | €326 | €739 | +€413 | +127% |
| Furniture and vehicles | 24 | €326 | €739 | +€413 | +127% |
| Current assets | 29/58 | €41,562 | €40,416 | -€1,146 | -2.8% |
| Stocks and contracts in progress | 3 | €819 | €819 | = | 0.0% |
| Stocks | 30/36 | €819 | €819 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €7,101 | €4,506 | -€2,595 | -36.5% |
| Trade receivables | 40 | €7,101 | €0 | -€7,101 | -100% |
| Other amounts receivable | 41 | €0 | €4,506 | +€4,506 | |
| Cash at bank and in hand | 54/58 | €32,965 | €34,388 | +€1,423 | +4.3% |
| Deferred charges and accrued income | 490/1 | €677 | €703 | +€26 | +3.8% |
| Total equity and liabilities | 10/49 | €41,889 | €41,156 | -€733 | -1.7% |
| Equity | 10/15 | -€82,381 | -€36,760 | +€45,621 | +55.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€102,381 | -€56,760 | +€45,621 | +44.6% |
| Amounts payable | 17/49 | €124,269 | €77,915 | -€46,354 | -37.3% |
| Amounts payable within one year | 42/48 | €123,425 | €77,220 | -€46,205 | -37.4% |
| Trade debts | 44 | €658 | €1,762 | +€1,104 | +168% |
| Suppliers | 440/4 | €658 | €1,762 | +€1,104 | +168% |
| Taxes, remuneration and social security | 45 | €8,131 | €3,793 | -€4,339 | -53.4% |
| Taxes | 450/3 | €6,531 | €3,793 | -€2,739 | -41.9% |
| Remuneration and social security | 454/9 | €1,600 | €0 | -€1,600 | -100% |
| Other amounts payable | 47/48 | €114,636 | €71,666 | -€42,970 | -37.5% |
| Accrued charges and deferred income | 492/3 | €844 | €695 | -€149 | -17.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €430 | €668 | +€238 | +55.3% |
| Other operating charges | 640/8 | €141 | €197 | +€57 | +40.3% |
| Gross operating margin | 9900 | €77,543 | €64,814 | -€12,728 | -16.4% |
| Operating profit (loss) | 9901 | €76,972 | €63,949 | -€13,023 | -16.9% |
| Financial charges | 65/66B | €3,218 | €2,835 | -€383 | -11.9% |
| Recurring financial charges | 65 | €3,218 | €2,835 | -€383 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | €73,755 | €61,115 | -€12,640 | -17.1% |
| Income taxes | 67/77 | €18,861 | €15,494 | -€3,367 | -17.9% |
| Profit (loss) for the period | 9904 | €54,894 | €45,621 | -€9,273 | -16.9% |
| Profit (loss) for the period to be appropriated | 9905 | €54,894 | €45,621 | -€9,273 | -16.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.