VG-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.
VG-CONSULTING
Largest movements
- Current investments +€44,269
up €44,269 (+13.6%), from €325,000 to €369,269
- Deferred charges and accrued income -€20,145
down €20,145 (-93.6%), from €21,521 to €1,376
- Receivables within one year -€15,719
down €15,719 (-48.8%), from €32,217 to €16,498
of which Trade receivables: -€12,735
- Cash -€8,921
down €8,921 (-32.9%), from €27,074 to €18,153
mainly Current investments (-€44,269) and Contributions, distributions and other (-€30,000)
- Reserves -€26,439
down €26,439 (-7.4%), from €357,487 to €331,048
- Other debts +€19,605
up €19,605 (+159%), from €12,323 to €31,927
- Tax, wage and social debts +€7,322
up €7,322 (+54.3%), from €13,473 to €20,795
of which Remuneration and social security: +€11,640
- Gross operating margin -€194,319
down €194,319 (-81.9%), from €237,195 to €42,876
- Taxes -€49,759
down €49,759 (-89.9%), from €55,376 to €5,617
- Other operating charges -€29,431
down €29,431 (-42.0%), from €70,127 to €40,696
- Financial income +€4,086
up €4,086 (+55.1%), from €7,421 to €11,507
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 | €409,919 | €407,558 | -€2,361 | -0.6% |
| Fixed assets | 21/28 | €4,107 | €2,262 | -€1,845 | -44.9% |
| Tangible fixed assets | 22/27 | €4,107 | €2,262 | -€1,845 | -44.9% |
| Furniture and vehicles | 24 | €4,107 | €2,262 | -€1,845 | -44.9% |
| Current assets | 29/58 | €405,812 | €405,296 | -€516 | -0.1% |
| Amounts receivable within one year | 40/41 | €32,217 | €16,498 | -€15,719 | -48.8% |
| Trade receivables | 40 | €23,337 | €10,602 | -€12,735 | -54.6% |
| Other amounts receivable | 41 | €8,880 | €5,896 | -€2,984 | -33.6% |
| Current investments | 50/53 | €325,000 | €369,269 | +€44,269 | +13.6% |
| Cash at bank and in hand | 54/58 | €27,074 | €18,153 | -€8,921 | -32.9% |
| Deferred charges and accrued income | 490/1 | €21,521 | €1,376 | -€20,145 | -93.6% |
| Total equity and liabilities | 10/49 | €409,919 | €407,558 | -€2,361 | -0.6% |
| Equity | 10/15 | €378,099 | €351,660 | -€26,439 | -7.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €357,487 | €331,048 | -€26,439 | -7.4% |
| Distributable reserves | 133 | €357,487 | €331,048 | -€26,439 | -7.4% |
| Profit (loss) carried forward | 14 | €2,012 | €2,012 | = | 0.0% |
| Amounts payable | 17/49 | €31,820 | €55,898 | +€24,078 | +75.7% |
| Amounts payable within one year | 42/48 | €31,820 | €55,898 | +€24,078 | +75.7% |
| Trade debts | 44 | €6,024 | €3,176 | -€2,848 | -47.3% |
| Suppliers | 440/4 | €6,024 | €3,176 | -€2,848 | -47.3% |
| Taxes, remuneration and social security | 45 | €13,473 | €20,795 | +€7,322 | +54.3% |
| Taxes | 450/3 | €13,473 | €9,155 | -€4,318 | -32.1% |
| Remuneration and social security | 454/9 | - | €11,640 | +€11,640 | |
| Other amounts payable | 47/48 | €12,323 | €31,927 | +€19,605 | +159% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,743 | €1,845 | +€102 | +5.9% |
| Other operating charges | 640/8 | €70,127 | €40,696 | -€29,431 | -42.0% |
| Gross operating margin | 9900 | €237,195 | €42,876 | -€194,319 | -81.9% |
| Operating profit (loss) | 9901 | €165,325 | €335 | -€164,990 | -99.8% |
| Financial income | 75/76B | €7,421 | €11,507 | +€4,086 | +55.1% |
| Recurring financial income | 75 | €7,421 | €11,507 | +€4,086 | +55.1% |
| Financial charges | 65/66B | €3,382 | €2,663 | -€719 | -21.2% |
| Recurring financial charges | 65 | €3,382 | €2,663 | -€719 | -21.2% |
| Profit (loss) for the period before taxes | 9903 | €169,364 | €9,178 | -€160,186 | -94.6% |
| Income taxes | 67/77 | €55,376 | €5,617 | -€49,759 | -89.9% |
| Profit (loss) for the period | 9904 | €113,988 | €3,561 | -€110,427 | -96.9% |
| Profit (loss) for the period to be appropriated | 9905 | €113,988 | €3,561 | -€110,427 | -96.9% |
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 25 October 2026 via checked.be.