VCT 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.
VCT Consulting
Largest movements
- Tangible fixed assets +€11,341
up €11,341 (+1004.3%), from €1,129 to €12,470
- Intangible fixed assets -€8,000
down €8,000 (-21.0%), from €38,115 to €30,115
- Cash +€4,534
up €4,534 (+594.6%), from €763 to €5,296
mainly Depreciation (+€10,646) and Receivables within one year (+€3,042)
- Receivables within one year -€3,042
down €3,042 (-34.8%), from €8,732 to €5,690
of which Trade receivables: -€3,082
- Deferred charges and accrued income -€566
down €566 (-91.2%), from €621 to €55
- Current portion of long-term debt +€2,907
up €2,907 (+48.5%), from €5,999 to €8,906
- Debts after one year +€2,895
up €2,895 (+11.6%), from €25,027 to €27,922
- Profit (loss) carried forward -€2,542
down €2,542 (-30.3%), from €8,394 to €5,852
- Tax, wage and social debts +€1,887
up €1,887 (+57.5%), from €3,283 to €5,170
- Trade debts -€977
down €977 (-71.0%), from €1,376 to €400
- Depreciation +€8,665
up €8,665 (+437.4%), from €1,981 to €10,646
- Gross operating margin -€4,434
down €4,434 (-31.8%), from €13,951 to €9,518
- Taxes -€2,798
no longer reported in 2025 (was €2,798)
- Financial charges +€689
up €689 (+82.2%), from €839 to €1,529
- Financial income +€216
up €216 (+350.0%), from €62 to €277
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 | €49,360 | €53,627 | +€4,267 | +8.6% |
| Fixed assets | 21/28 | €39,244 | €42,585 | +€3,341 | +8.5% |
| Intangible fixed assets | 21 | €38,115 | €30,115 | -€8,000 | -21.0% |
| Tangible fixed assets | 22/27 | €1,129 | €12,470 | +€11,341 | +1004.3% |
| Furniture and vehicles | 24 | €1,129 | €12,470 | +€11,341 | +1004.3% |
| Current assets | 29/58 | €10,115 | €11,041 | +€926 | +9.2% |
| Amounts receivable within one year | 40/41 | €8,732 | €5,690 | -€3,042 | -34.8% |
| Trade receivables | 40 | €8,732 | €5,650 | -€3,082 | -35.3% |
| Other amounts receivable | 41 | - | €40 | +€40 | |
| Cash at bank and in hand | 54/58 | €763 | €5,296 | +€4,534 | +594.6% |
| Deferred charges and accrued income | 490/1 | €621 | €55 | -€566 | -91.2% |
| Total equity and liabilities | 10/49 | €49,360 | €53,627 | +€4,267 | +8.6% |
| Equity | 10/15 | €9,394 | €6,852 | -€2,542 | -27.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,394 | €5,852 | -€2,542 | -30.3% |
| Amounts payable | 17/49 | €39,965 | €46,774 | +€6,809 | +17.0% |
| Amounts payable after more than one year | 17 | €25,027 | €27,922 | +€2,895 | +11.6% |
| Financial debts | 170/4 | €25,027 | €27,922 | +€2,895 | +11.6% |
| Amounts payable within one year | 42/48 | €12,084 | €15,832 | +€3,749 | +31.0% |
| Current portion of amounts payable after more than one year | 42 | €5,999 | €8,906 | +€2,907 | +48.5% |
| Trade debts | 44 | €1,376 | €400 | -€977 | -71.0% |
| Suppliers | 440/4 | €1,376 | €400 | -€977 | -71.0% |
| Taxes, remuneration and social security | 45 | €3,283 | €5,170 | +€1,887 | +57.5% |
| Taxes | 450/3 | €3,283 | €5,170 | +€1,887 | +57.5% |
| Other amounts payable | 47/48 | €1,426 | €1,357 | -€69 | -4.8% |
| Accrued charges and deferred income | 492/3 | €2,855 | €3,020 | +€165 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,981 | €10,646 | +€8,665 | +437.4% |
| Other operating charges | 640/8 | - | €162 | +€162 | |
| Gross operating margin | 9900 | €13,951 | €9,518 | -€4,434 | -31.8% |
| Operating profit (loss) | 9901 | €11,970 | -€1,291 | -€13,261 | |
| Financial income | 75/76B | €62 | €277 | +€216 | +350.0% |
| Recurring financial income | 75 | €62 | €277 | +€216 | +350.0% |
| Financial charges | 65/66B | €839 | €1,529 | +€689 | +82.2% |
| Recurring financial charges | 65 | €839 | €1,529 | +€689 | +82.2% |
| Profit (loss) for the period before taxes | 9903 | €11,193 | -€2,542 | -€13,735 | |
| Income taxes | 67/77 | €2,798 | - | -€2,798 | |
| Profit (loss) for the period | 9904 | €8,394 | -€2,542 | -€10,937 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,394 | -€2,542 | -€10,937 |
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 10 October 2026 via checked.be.