VGR 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.
VGR Consulting
Largest movements
- Cash +€13,084
up €13,084 (+95.5%), from €13,702 to €26,785
mainly Other debts (+€10,728) and Receivables within one year (+€4,453)
- Receivables within one year -€4,453
down €4,453 (-21.4%), from €20,845 to €16,392
of which Trade receivables: -€6,454
- Deferred charges and accrued income +€2,504
new in 2025: €2,504
- Other debts +€10,728
up €10,728 (+526.4%), from €2,038 to €12,766
- Profit (loss) carried forward +€1,115
up €1,115 (+4.8%), from €23,140 to €24,255
- Tax, wage and social debts -€552
down €552 (-6.8%), from €8,121 to €7,568
- Gross operating margin -€21,282
down €21,282 (-77.3%), from €27,533 to €6,251
- Taxes -€3,386
down €3,386 (-63.3%), from €5,350 to €1,964
- Other operating charges +€749
up €749 (+86.6%), from €864 to €1,613
- Financial charges +€588
up €588 (+1568.1%), from €38 to €626
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 | €35,730 | €46,731 | +€11,001 | +30.8% |
| Fixed assets | 21/28 | €1,184 | €1,050 | -€134 | -11.3% |
| Tangible fixed assets | 22/27 | €1,184 | €1,050 | -€134 | -11.3% |
| Other tangible fixed assets | 26 | €1,184 | €1,050 | -€134 | -11.3% |
| Current assets | 29/58 | €34,546 | €45,681 | +€11,135 | +32.2% |
| Amounts receivable within one year | 40/41 | €20,845 | €16,392 | -€4,453 | -21.4% |
| Trade receivables | 40 | €20,817 | €14,363 | -€6,454 | -31.0% |
| Other amounts receivable | 41 | €27 | €2,029 | +€2,001 | +7331.3% |
| Cash at bank and in hand | 54/58 | €13,702 | €26,785 | +€13,084 | +95.5% |
| Deferred charges and accrued income | 490/1 | - | €2,504 | +€2,504 | |
| Total equity and liabilities | 10/49 | €35,730 | €46,731 | +€11,001 | +30.8% |
| Equity | 10/15 | €25,140 | €26,255 | +€1,115 | +4.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,140 | €24,255 | +€1,115 | +4.8% |
| Amounts payable | 17/49 | €10,590 | €20,476 | +€9,886 | +93.4% |
| Amounts payable within one year | 42/48 | €10,590 | €20,446 | +€9,856 | +93.1% |
| Trade debts | 44 | €431 | €112 | -€319 | -74.0% |
| Suppliers | 440/4 | €431 | €112 | -€319 | -74.0% |
| Taxes, remuneration and social security | 45 | €8,121 | €7,568 | -€552 | -6.8% |
| Taxes | 450/3 | €8,121 | €7,568 | -€552 | -6.8% |
| Other amounts payable | 47/48 | €2,038 | €12,766 | +€10,728 | +526.4% |
| Accrued charges and deferred income | 492/3 | - | €30 | +€30 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €134 | €134 | = | 0.0% |
| Other operating charges | 640/8 | €864 | €1,613 | +€749 | +86.6% |
| Non-recurring operating charges | 66A | €130 | - | -€130 | |
| Gross operating margin | 9900 | €27,533 | €6,251 | -€21,282 | -77.3% |
| Operating profit (loss) | 9901 | €26,404 | €4,503 | -€21,901 | -82.9% |
| Financial income | 75/76B | €0 | €1 | +€0 | +408.3% |
| Recurring financial income | 75 | €0 | €1 | +€0 | +408.3% |
| Financial charges | 65/66B | €38 | €626 | +€588 | +1568.1% |
| Recurring financial charges | 65 | €38 | €626 | +€588 | +1568.1% |
| Profit (loss) for the period before taxes | 9903 | €26,367 | €3,879 | -€22,488 | -85.3% |
| Income taxes | 67/77 | €5,350 | €1,964 | -€3,386 | -63.3% |
| Profit (loss) for the period | 9904 | €21,017 | €1,915 | -€19,102 | -90.9% |
| Profit (loss) for the period to be appropriated | 9905 | €21,017 | €1,915 | -€19,102 | -90.9% |
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 11 October 2026 via checked.be.