VECOBA 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.
VECOBA Consulting
Largest movements
- Receivables within one year +€44,650
up €44,650 (+32.9%), from €135,699 to €180,349
of which Trade receivables: +€28,942
- Tangible fixed assets -€13,122
down €13,122 (-21.3%), from €61,560 to €48,438
of which Furniture and vehicles: -€15,222
- Tax, wage and social debts +€20,818
up €20,818 (+106%), from €19,672 to €40,489
- Debts after one year -€20,142
down €20,142 (-43.2%), from €46,620 to €26,478
- Profit (loss) carried forward +€13,131
up €13,131, from -€13,131 to €0
- Reserves +€9,469
up €9,469 (+18.0%), from €52,538 to €62,007
of which Distributable reserves: +€9,469
- Trade debts -€6,963
down €6,963 (-62.3%), from €11,170 to €4,208
- Gross operating margin +€54,071
up €54,071 (+398%), from €13,583 to €67,654
- Taxes +€12,887
up €12,887 (+842%), from €1,531 to €14,418
- Depreciation -€1,951
down €1,951 (-9.1%), from €21,362 to €19,411
- Financial charges +€1,077
up €1,077 (+19.3%), from €5,593 to €6,670
- Other operating charges +€797
up €797 (+24.1%), from €3,309 to €4,106
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 | €198,447 | €229,850 | +€31,403 | +15.8% |
| Fixed assets | 21/28 | €61,560 | €48,438 | -€13,122 | -21.3% |
| Tangible fixed assets | 22/27 | €61,560 | €48,438 | -€13,122 | -21.3% |
| Land and buildings | 22 | €17,669 | €19,769 | +€2,100 | +11.9% |
| Furniture and vehicles | 24 | €43,891 | €28,669 | -€15,222 | -34.7% |
| Current assets | 29/58 | €136,887 | €181,412 | +€44,525 | +32.5% |
| Amounts receivable within one year | 40/41 | €135,699 | €180,349 | +€44,650 | +32.9% |
| Trade receivables | 40 | €45,377 | €74,320 | +€28,942 | +63.8% |
| Other amounts receivable | 41 | €90,322 | €106,030 | +€15,708 | +17.4% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Deferred charges and accrued income | 490/1 | €1,188 | €1,063 | -€125 | -10.5% |
| Total equity and liabilities | 10/49 | €198,447 | €229,850 | +€31,403 | +15.8% |
| Equity | 10/15 | €58,007 | €80,607 | +€22,600 | +39.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €52,538 | €62,007 | +€9,469 | +18.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €50,678 | €60,147 | +€9,469 | +18.7% |
| Profit (loss) carried forward | 14 | -€13,131 | €0 | +€13,131 | |
| Amounts payable | 17/49 | €140,440 | €149,243 | +€8,803 | +6.3% |
| Amounts payable after more than one year | 17 | €46,620 | €26,478 | -€20,142 | -43.2% |
| Financial debts | 170/4 | €46,620 | €26,478 | -€20,142 | -43.2% |
| Amounts payable within one year | 42/48 | €93,678 | €121,424 | +€27,746 | +29.6% |
| Current portion of amounts payable after more than one year | 42 | €34,718 | €39,283 | +€4,565 | +13.1% |
| Financial debts | 43 | €13,888 | €17,650 | +€3,762 | +27.1% |
| Credit institutions | 430/8 | €13,888 | €17,650 | +€3,762 | +27.1% |
| Trade debts | 44 | €11,170 | €4,208 | -€6,963 | -62.3% |
| Suppliers | 440/4 | €11,170 | €4,208 | -€6,963 | -62.3% |
| Taxes, remuneration and social security | 45 | €19,672 | €40,489 | +€20,818 | +106% |
| Taxes | 450/3 | €19,672 | €40,489 | +€20,818 | +106% |
| Other amounts payable | 47/48 | €14,230 | €19,793 | +€5,563 | +39.1% |
| Accrued charges and deferred income | 492/3 | €142 | €1,341 | +€1,199 | +844% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,362 | €19,411 | -€1,951 | -9.1% |
| Other operating charges | 640/8 | €3,309 | €4,106 | +€797 | +24.1% |
| Gross operating margin | 9900 | €13,583 | €67,654 | +€54,071 | +398% |
| Operating profit (loss) | 9901 | -€11,088 | €44,137 | +€55,225 | |
| Financial income | 75/76B | €5,081 | €5,751 | +€670 | +13.2% |
| Recurring financial income | 75 | €5,081 | €5,751 | +€670 | +13.2% |
| Financial charges | 65/66B | €5,593 | €6,670 | +€1,077 | +19.3% |
| Recurring financial charges | 65 | €5,593 | €6,670 | +€1,077 | +19.3% |
| Profit (loss) for the period before taxes | 9903 | -€11,600 | €43,219 | +€54,819 | |
| Income taxes | 67/77 | €1,531 | €14,418 | +€12,887 | +842% |
| Profit (loss) for the period | 9904 | -€13,131 | €28,800 | +€41,931 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,131 | €28,800 | +€41,931 |
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 18 October 2026 via checked.be.