VGI 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.
VGI Consulting
Largest movements
- Cash -€53,329
down €53,329 (-99.3%), from €53,730 to €401
mainly Net result for the year (-€77,585) and Tax, wage and social debts (-€7,183)
- Current investments -€23,219
down €23,219 (-10.7%), from €216,817 to €193,598
- Receivables within one year -€7,591
down €7,591 (-30.8%), from €24,666 to €17,074
of which Trade receivables: -€12,342
- Reserves -€77,585
down €77,585 (-31.5%), from €246,256 to €168,672
- Tax, wage and social debts -€7,183
down €7,183 (-65.0%), from €11,057 to €3,874
- Gross operating margin -€143,038
down €143,038, from €66,106 to -€76,932
- Taxes -€14,219
down €14,219 (-97.7%), from €14,559 to €340
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 | €299,241 | €215,412 | -€83,829 | -28.0% |
| Fixed assets | 21/28 | €2,169 | €1,439 | -€730 | -33.7% |
| Tangible fixed assets | 22/27 | €2,169 | €1,439 | -€730 | -33.7% |
| Furniture and vehicles | 24 | €2,169 | €1,439 | -€730 | -33.7% |
| Current assets | 29/58 | €297,072 | €213,974 | -€83,099 | -28.0% |
| Amounts receivable within one year | 40/41 | €24,666 | €17,074 | -€7,591 | -30.8% |
| Trade receivables | 40 | €12,342 | €0 | -€12,342 | -100% |
| Other amounts receivable | 41 | €12,324 | €17,074 | +€4,751 | +38.5% |
| Current investments | 50/53 | €216,817 | €193,598 | -€23,219 | -10.7% |
| Cash at bank and in hand | 54/58 | €53,730 | €401 | -€53,329 | -99.3% |
| Deferred charges and accrued income | 490/1 | €1,860 | €2,900 | +€1,040 | +55.9% |
| Total equity and liabilities | 10/49 | €299,241 | €215,412 | -€83,829 | -28.0% |
| Equity | 10/15 | €264,856 | €187,272 | -€77,585 | -29.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €246,256 | €168,672 | -€77,585 | -31.5% |
| Distributable reserves | 133 | €246,256 | €168,672 | -€77,585 | -31.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €34,385 | €28,141 | -€6,244 | -18.2% |
| Amounts payable within one year | 42/48 | €17,201 | €8,941 | -€8,260 | -48.0% |
| Trade debts | 44 | €5,311 | €5,067 | -€244 | -4.6% |
| Suppliers | 440/4 | €5,311 | €5,067 | -€244 | -4.6% |
| Taxes, remuneration and social security | 45 | €11,057 | €3,874 | -€7,183 | -65.0% |
| Taxes | 450/3 | €11,057 | €3,874 | -€7,183 | -65.0% |
| Other amounts payable | 47/48 | €833 | €0 | -€833 | -100% |
| Accrued charges and deferred income | 492/3 | €17,184 | €19,200 | +€2,016 | +11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,109 | €730 | -€379 | -34.2% |
| Other operating charges | 640/8 | €1,149 | €1,643 | +€494 | +43.0% |
| Gross operating margin | 9900 | €66,106 | -€76,932 | -€143,038 | |
| Operating profit (loss) | 9901 | €63,848 | -€79,305 | -€143,153 | |
| Financial income | 75/76B | €2,284 | €2,182 | -€102 | -4.5% |
| Recurring financial income | 75 | €2,284 | €2,182 | -€102 | -4.5% |
| Financial charges | 65/66B | €398 | €122 | -€276 | -69.4% |
| Recurring financial charges | 65 | €398 | €122 | -€276 | -69.4% |
| Profit (loss) for the period before taxes | 9903 | €65,734 | -€77,244 | -€142,979 | |
| Income taxes | 67/77 | €14,559 | €340 | -€14,219 | -97.7% |
| Profit (loss) for the period | 9904 | €51,175 | -€77,585 | -€128,760 | |
| Profit (loss) for the period to be appropriated | 9905 | €51,175 | -€77,585 | -€128,760 |
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 27 October 2026 via checked.be.