VGV CONSULT: 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.
VGV CONSULT
Largest movements
- Cash +€47,990
up €47,990 (+42.8%), from €112,024 to €160,014
mainly Net result for the year (+€43,016) and Current portion of long-term debt (+€6,057)
- Reserves +€43,016
up €43,016 (+43.1%), from €99,771 to €142,787
- Current portion of long-term debt +€6,057
up €6,057, from €0 to €6,057
- Tax, wage and social debts -€3,763
down €3,763 (-79.1%), from €4,756 to €993
- Trade debts +€3,664
up €3,664 (+290%), from €1,262 to €4,926
- Gross operating margin +€1,174
up €1,174 (+2.0%), from €59,731 to €60,905
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 | €114,824 | €163,614 | +€48,790 | +42.5% |
| Current assets | 29/58 | €114,824 | €163,614 | +€48,790 | +42.5% |
| Amounts receivable within one year | 40/41 | €624 | €1,279 | +€655 | +105% |
| Other amounts receivable | 41 | €624 | €1,279 | +€655 | +105% |
| Cash at bank and in hand | 54/58 | €112,024 | €160,014 | +€47,990 | +42.8% |
| Deferred charges and accrued income | 490/1 | €2,176 | €2,321 | +€144 | +6.6% |
| Total equity and liabilities | 10/49 | €114,824 | €163,614 | +€48,790 | +42.5% |
| Equity | 10/15 | €104,771 | €147,787 | +€43,016 | +41.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €99,771 | €142,787 | +€43,016 | +43.1% |
| Distributable reserves | 133 | €99,771 | €142,787 | +€43,016 | +43.1% |
| Amounts payable | 17/49 | €10,053 | €15,827 | +€5,774 | +57.4% |
| Amounts payable within one year | 42/48 | €10,053 | €15,827 | +€5,774 | +57.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | €6,057 | +€6,057 | |
| Trade debts | 44 | €1,262 | €4,926 | +€3,664 | +290% |
| Suppliers | 440/4 | €1,262 | €4,926 | +€3,664 | +290% |
| Taxes, remuneration and social security | 45 | €4,756 | €993 | -€3,763 | -79.1% |
| Taxes | 450/3 | €4,756 | €993 | -€3,763 | -79.1% |
| Other amounts payable | 47/48 | €4,035 | €3,851 | -€184 | -4.6% |
| Other operating charges | 640/8 | €801 | €879 | +€78 | +9.7% |
| Gross operating margin | 9900 | €59,731 | €60,905 | +€1,174 | +2.0% |
| Operating profit (loss) | 9901 | €58,930 | €60,026 | +€1,096 | +1.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €288 | €290 | +€2 | +0.7% |
| Recurring financial charges | 65 | €288 | €290 | +€2 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | €58,642 | €59,736 | +€1,094 | +1.9% |
| Income taxes | 67/77 | €16,668 | €16,721 | +€52 | +0.3% |
| Profit (loss) for the period | 9904 | €41,974 | €43,016 | +€1,042 | +2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €41,974 | €43,016 | +€1,042 | +2.5% |
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 17 October 2026 via checked.be.