VEXO 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.
VEXO Consulting
Largest movements
- Current investments +€40,000
new in 2025: €40,000
- Cash -€6,190
down €6,190 (-12.1%), from €51,151 to €44,961
mainly Current investments (-€40,000) and Investment in fixed assets (net) (-€883)
- Tangible fixed assets -€1,300
down €1,300 (-30.9%), from €4,204 to €2,905
- Profit (loss) carried forward +€12,748
up €12,748 (+2,419%), from €527 to €13,275
- Reserves +€10,000
up €10,000 (+24.7%), from €40,500 to €50,500
- Tax, wage and social debts +€5,573
up €5,573 (+39.7%), from €14,048 to €19,621
- Trade debts +€4,798
up €4,798 (+2,372%), from €202 to €5,001
- Gross operating margin -€10,174
down €10,174 (-23.7%), from €42,992 to €32,818
- Taxes -€3,845
down €3,845 (-35.0%), from €10,988 to €7,143
- Financial income +€655
up €655 (+819%), from €80 to €735
- Depreciation +€627
up €627 (+40.3%), from €1,556 to €2,183
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 | €56,277 | €89,396 | +€33,119 | +58.9% |
| Fixed assets | 21/28 | €4,204 | €2,905 | -€1,300 | -30.9% |
| Tangible fixed assets | 22/27 | €4,204 | €2,905 | -€1,300 | -30.9% |
| Plant, machinery and equipment | 23 | €3,283 | €2,635 | -€648 | -19.7% |
| Furniture and vehicles | 24 | €415 | €121 | -€293 | -70.7% |
| Other tangible fixed assets | 26 | €507 | €148 | -€358 | -70.7% |
| Current assets | 29/58 | €52,072 | €86,491 | +€34,419 | +66.1% |
| Amounts receivable within one year | 40/41 | €921 | €796 | -€126 | -13.6% |
| Other amounts receivable | 41 | €921 | €796 | -€126 | -13.6% |
| Current investments | 50/53 | - | €40,000 | +€40,000 | |
| Cash at bank and in hand | 54/58 | €51,151 | €44,961 | -€6,190 | -12.1% |
| Deferred charges and accrued income | 490/1 | - | €735 | +€735 | |
| Total equity and liabilities | 10/49 | €56,277 | €89,396 | +€33,119 | +58.9% |
| Equity | 10/15 | €42,027 | €64,775 | +€22,748 | +54.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €40,500 | €50,500 | +€10,000 | +24.7% |
| Distributable reserves | 133 | €40,500 | €50,500 | +€10,000 | +24.7% |
| Profit (loss) carried forward | 14 | €527 | €13,275 | +€12,748 | +2,419% |
| Amounts payable | 17/49 | €14,250 | €24,621 | +€10,371 | +72.8% |
| Amounts payable within one year | 42/48 | €14,250 | €24,621 | +€10,371 | +72.8% |
| Trade debts | 44 | €202 | €5,001 | +€4,798 | +2,372% |
| Suppliers | 440/4 | €202 | €5,001 | +€4,798 | +2,372% |
| Taxes, remuneration and social security | 45 | €14,048 | €19,621 | +€5,573 | +39.7% |
| Taxes | 450/3 | €14,048 | €19,621 | +€5,573 | +39.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,556 | €2,183 | +€627 | +40.3% |
| Other operating charges | 640/8 | €528 | €539 | +€11 | +2.0% |
| Gross operating margin | 9900 | €42,992 | €32,818 | -€10,174 | -23.7% |
| Operating profit (loss) | 9901 | €40,908 | €30,096 | -€10,812 | -26.4% |
| Financial income | 75/76B | €80 | €735 | +€655 | +819% |
| Recurring financial income | 75 | €80 | €735 | +€655 | +819% |
| Financial charges | 65/66B | €1,228 | €940 | -€288 | -23.5% |
| Recurring financial charges | 65 | €1,228 | €940 | -€288 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | €39,760 | €29,891 | -€9,869 | -24.8% |
| Income taxes | 67/77 | €10,988 | €7,143 | -€3,845 | -35.0% |
| Profit (loss) for the period | 9904 | €28,772 | €22,748 | -€6,024 | -20.9% |
| Profit (loss) for the period to be appropriated | 9905 | €28,772 | €22,748 | -€6,024 | -20.9% |
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 1 November 2026 via checked.be.