VGG 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.
VGG CONSULTING
Largest movements
- Receivables within one year -€78,241
down €78,241 (-20.0%), from €391,446 to €313,206
of which Trade receivables: -€70,928
- Tangible fixed assets +€44,134
up €44,134 (+4.1%), from €1.1m to €1.1m
of which Furniture and vehicles: +€42,953
- Cash +€32,338
up €32,338 (+91.7%), from €35,260 to €67,598
mainly Other debts (+€129,228) and Net result for the year (+€100,871)
- Other debts +€129,228
up €129,228 (+51.7%), from €249,735 to €378,964
- Trade debts -€62,114
down €62,114 (-85.8%), from €72,361 to €10,248
- Reserves -€54,000
down €54,000 (-8.0%), from €674,000 to €620,000
- Financial income -€26,415
down €26,415 (-24.6%), from €107,420 to €81,005
- Gross operating margin +€16,725
up €16,725 (+15.7%), from €106,539 to €123,264
- Depreciation +€15,737
up €15,737 (+50.8%), from €31,000 to €46,736
- Financial charges +€11,586
up €11,586 (+52.8%), from €21,963 to €33,549
- Taxes -€5,180
down €5,180 (-21.6%), from €24,011 to €18,831
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 | €1,817,327 | €1,819,294 | +€1,967 | +0.1% |
| Fixed assets | 21/28 | €1,372,667 | €1,416,800 | +€44,134 | +3.2% |
| Tangible fixed assets | 22/27 | €1,072,667 | €1,116,800 | +€44,134 | +4.1% |
| Land and buildings | 22 | €1,072,667 | €1,073,848 | +€1,181 | +0.1% |
| Furniture and vehicles | 24 | - | €42,953 | +€42,953 | |
| Financial fixed assets | 28 | €300,000 | €300,000 | = | 0.0% |
| Current assets | 29/58 | €444,660 | €402,494 | -€42,167 | -9.5% |
| Amounts receivable within one year | 40/41 | €391,446 | €313,206 | -€78,241 | -20.0% |
| Trade receivables | 40 | €108,134 | €37,206 | -€70,928 | -65.6% |
| Other amounts receivable | 41 | €283,312 | €276,000 | -€7,312 | -2.6% |
| Cash at bank and in hand | 54/58 | €35,260 | €67,598 | +€32,338 | +91.7% |
| Deferred charges and accrued income | 490/1 | €17,954 | €21,690 | +€3,736 | +20.8% |
| Total equity and liabilities | 10/49 | €1,817,327 | €1,819,294 | +€1,967 | +0.1% |
| Equity | 10/15 | €703,106 | €649,477 | -€53,629 | -7.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €674,000 | €620,000 | -€54,000 | -8.0% |
| Distributable reserves | 133 | €674,000 | €620,000 | -€54,000 | -8.0% |
| Profit (loss) carried forward | 14 | €9,106 | €9,477 | +€371 | +4.1% |
| Amounts payable | 17/49 | €1,114,221 | €1,169,817 | +€55,596 | +5.0% |
| Amounts payable after more than one year | 17 | €672,355 | €663,611 | -€8,744 | -1.3% |
| Financial debts | 170/4 | €672,355 | €663,611 | -€8,744 | -1.3% |
| Amounts payable within one year | 42/48 | €437,758 | €495,557 | +€57,799 | +13.2% |
| Current portion of amounts payable after more than one year | 42 | €45,429 | €51,606 | +€6,177 | +13.6% |
| Trade debts | 44 | €72,361 | €10,248 | -€62,114 | -85.8% |
| Suppliers | 440/4 | €72,361 | €10,248 | -€62,114 | -85.8% |
| Taxes, remuneration and social security | 45 | €70,232 | €54,740 | -€15,492 | -22.1% |
| Taxes | 450/3 | €70,232 | €54,740 | -€15,492 | -22.1% |
| Other amounts payable | 47/48 | €249,735 | €378,964 | +€129,228 | +51.7% |
| Accrued charges and deferred income | 492/3 | €4,109 | €10,649 | +€6,540 | +159% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,000 | €46,736 | +€15,737 | +50.8% |
| Other operating charges | 640/8 | €4,214 | €4,282 | +€67 | +1.6% |
| Gross operating margin | 9900 | €106,539 | €123,264 | +€16,725 | +15.7% |
| Operating profit (loss) | 9901 | €71,325 | €72,246 | +€921 | +1.3% |
| Financial income | 75/76B | €107,420 | €81,005 | -€26,415 | -24.6% |
| Recurring financial income | 75 | €107,420 | €81,005 | -€26,415 | -24.6% |
| Financial charges | 65/66B | €21,963 | €33,549 | +€11,586 | +52.8% |
| Recurring financial charges | 65 | €21,963 | €33,549 | +€11,586 | +52.8% |
| Profit (loss) for the period before taxes | 9903 | €156,782 | €119,702 | -€37,080 | -23.7% |
| Income taxes | 67/77 | €24,011 | €18,831 | -€5,180 | -21.6% |
| Profit (loss) for the period | 9904 | €132,771 | €100,871 | -€31,900 | -24.0% |
| Profit (loss) for the period to be appropriated | 9905 | €132,771 | €100,871 | -€31,900 | -24.0% |
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 15 October 2026 via checked.be.