VF CONSULT: what changed
Two fiscal 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.
VF CONSULT
Largest movements
- Current investments +€77,443
up €77,443 (+24.0%), from €322,267 to €399,709
- Cash -€14,394
down €14,394 (-63.5%), from €22,657 to €8,263
mainly Current investments (-€77,443) and Other debts (-€9,449)
- Reserves +€77,845
up €77,845 (+23.1%), from €336,509 to €414,354
- Other debts -€9,449
down €9,449 (-80.8%), from €11,693 to €2,244
- Financial charges -€51,229
down €51,229, from €24,383 to -€26,845
- Gross operating margin -€16,824
down €16,824 (-20.7%), from €81,248 to €64,424
- Financial income -€4,912
down €4,912 (-24.7%), from €19,920 to €15,008
- Taxes -€2,045
down €2,045 (-6.8%), from €30,078 to €28,033
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 | €383,812 | €447,249 | +€63,437 | +16.5% |
| Current assets | 29/58 | €383,812 | €447,249 | +€63,437 | +16.5% |
| Amounts receivable within one year | 40/41 | €38,862 | €39,277 | +€414 | +1.1% |
| Trade receivables | 40 | €38,790 | €39,277 | +€487 | +1.3% |
| Other amounts receivable | 41 | €72 | €0 | -€72 | -100.0% |
| Current investments | 50/53 | €322,267 | €399,709 | +€77,443 | +24.0% |
| Cash at bank and in hand | 54/58 | €22,657 | €8,263 | -€14,394 | -63.5% |
| Deferred charges and accrued income | 490/1 | €25 | €0 | -€25 | -100.0% |
| Total equity and liabilities | 10/49 | €383,812 | €447,249 | +€63,437 | +16.5% |
| Equity | 10/15 | €356,804 | €434,649 | +€77,845 | +21.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €336,509 | €414,354 | +€77,845 | +23.1% |
| Distributable reserves | 133 | €336,509 | €414,354 | +€77,845 | +23.1% |
| Profit (loss) carried forward | 14 | €294 | €294 | = | 0.0% |
| Amounts payable | 17/49 | €27,008 | €12,600 | -€14,408 | -53.3% |
| Amounts payable within one year | 42/48 | €26,376 | €12,600 | -€13,775 | -52.2% |
| Trade debts | 44 | €1,488 | €241 | -€1,247 | -83.8% |
| Suppliers | 440/4 | €1,488 | €241 | -€1,247 | -83.8% |
| Taxes, remuneration and social security | 45 | €13,194 | €10,115 | -€3,080 | -23.3% |
| Taxes | 450/3 | €13,194 | €10,115 | -€3,080 | -23.3% |
| Other amounts payable | 47/48 | €11,693 | €2,244 | -€9,449 | -80.8% |
| Accrued charges and deferred income | 492/3 | €633 | €0 | -€633 | -100.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €81,248 | €64,424 | -€16,824 | -20.7% |
| Operating profit (loss) | 9901 | €80,861 | €64,024 | -€16,837 | -20.8% |
| Financial income | 75/76B | €19,920 | €15,008 | -€4,912 | -24.7% |
| Recurring financial income | 75 | €19,920 | €15,008 | -€4,912 | -24.7% |
| Financial charges | 65/66B | €24,383 | -€26,845 | -€51,229 | |
| Recurring financial charges | 65 | €24,383 | -€26,845 | -€51,229 | |
| Profit (loss) for the period before taxes | 9903 | €76,398 | €105,877 | +€29,479 | +38.6% |
| Income taxes | 67/77 | €30,078 | €28,033 | -€2,045 | -6.8% |
| Profit (loss) for the period | 9904 | €46,320 | €77,845 | +€31,525 | +68.1% |
| Profit (loss) for the period to be appropriated | 9905 | €46,320 | €77,845 | +€31,525 | +68.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.