VH 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.
VH Consult
Largest movements
- Receivables within one year +€61,874
up €61,874 (+114%), from €54,309 to €116,184
of which Other amounts receivable: +€56,629
- Cash -€35,231
down €35,231 (-57.1%), from €61,669 to €26,439
mainly Receivables within one year (-€61,874) and Current investments (-€20,161)
- Current investments +€20,161
up €20,161 (+80.9%), from €24,915 to €45,075
- Tangible fixed assets -€2,134
down €2,134 (-19.0%), from €11,255 to €9,120
- Reserves +€30,595
up €30,595 (+24.9%), from €123,066 to €153,661
of which Distributable reserves: +€30,595
- Tax, wage and social debts +€16,910
up €16,910 (+416%), from €4,064 to €20,974
- Trade debts -€2,590
down €2,590 (-17.9%), from €14,453 to €11,864
- Gross operating margin +€26,579
up €26,579 (+110%), from €24,158 to €50,737
- Taxes +€8,550
up €8,550 (+147%), from €5,818 to €14,368
- Financial income +€987
up €987 (+75.7%), from €1,304 to €2,291
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 | €153,984 | €198,936 | +€44,952 | +29.2% |
| Fixed assets | 21/28 | €11,255 | €9,120 | -€2,134 | -19.0% |
| Tangible fixed assets | 22/27 | €11,255 | €9,120 | -€2,134 | -19.0% |
| Furniture and vehicles | 24 | €11,255 | €9,120 | -€2,134 | -19.0% |
| Current assets | 29/58 | €142,729 | €189,816 | +€47,087 | +33.0% |
| Amounts receivable within one year | 40/41 | €54,309 | €116,184 | +€61,874 | +114% |
| Trade receivables | 40 | €25,594 | €30,840 | +€5,245 | +20.5% |
| Other amounts receivable | 41 | €28,715 | €85,344 | +€56,629 | +197% |
| Current investments | 50/53 | €24,915 | €45,075 | +€20,161 | +80.9% |
| Cash at bank and in hand | 54/58 | €61,669 | €26,439 | -€35,231 | -57.1% |
| Deferred charges and accrued income | 490/1 | €1,836 | €2,118 | +€282 | +15.4% |
| Total equity and liabilities | 10/49 | €153,984 | €198,936 | +€44,952 | +29.2% |
| Equity | 10/15 | €135,466 | €166,061 | +€30,595 | +22.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €123,066 | €153,661 | +€30,595 | +24.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €534 | €534 | = | 0.0% |
| Distributable reserves | 133 | €120,673 | €151,267 | +€30,595 | +25.4% |
| Amounts payable | 17/49 | €18,518 | €32,876 | +€14,358 | +77.5% |
| Amounts payable within one year | 42/48 | €18,518 | €32,838 | +€14,320 | +77.3% |
| Trade debts | 44 | €14,453 | €11,864 | -€2,590 | -17.9% |
| Suppliers | 440/4 | €14,453 | €11,864 | -€2,590 | -17.9% |
| Taxes, remuneration and social security | 45 | €4,064 | €20,974 | +€16,910 | +416% |
| Taxes | 450/3 | €4,064 | €20,974 | +€16,910 | +416% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | €38 | +€38 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,646 | €6,032 | +€386 | +6.8% |
| Other operating charges | 640/8 | €1,913 | €1,860 | -€53 | -2.8% |
| Gross operating margin | 9900 | €24,158 | €50,737 | +€26,579 | +110% |
| Operating profit (loss) | 9901 | €16,599 | €42,845 | +€26,246 | +158% |
| Financial income | 75/76B | €1,304 | €2,291 | +€987 | +75.7% |
| Recurring financial income | 75 | €1,304 | €2,291 | +€987 | +75.7% |
| Financial charges | 65/66B | €211 | €173 | -€38 | -18.2% |
| Recurring financial charges | 65 | €211 | €173 | -€38 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | €17,692 | €44,963 | +€27,271 | +154% |
| Income taxes | 67/77 | €5,818 | €14,368 | +€8,550 | +147% |
| Profit (loss) for the period | 9904 | €11,873 | €30,595 | +€18,721 | +158% |
| Profit (loss) for the period to be appropriated | 9905 | €11,873 | €30,595 | +€18,721 | +158% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.