VHA 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.
VHA Consulting
Largest movements
- Cash +€34,266
up €34,266 (+40.9%), from €83,831 to €118,097
mainly Net result for the year (+€43,518) and Depreciation (+€9,955)
- Tangible fixed assets -€9,955
down €9,955 (-26.7%), from €37,245 to €27,290
- Receivables within one year +€1,739
up €1,739 (+12.6%), from €13,846 to €15,584
- Profit (loss) carried forward +€43,518
up €43,518 (+57.4%), from €75,822 to €119,340
- Debts after one year -€10,689
down €10,689 (-56.1%), from €19,046 to €8,356
- Tax, wage and social debts -€8,134
down €8,134 (-31.1%), from €26,145 to €18,012
- Gross operating margin -€43,347
down €43,347 (-39.5%), from €109,745 to €66,398
- Taxes -€7,756
down €7,756 (-40.4%), from €19,212 to €11,456
- Depreciation -€2,575
down €2,575 (-20.5%), from €12,529 to €9,955
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 | €134,922 | €160,972 | +€26,050 | +19.3% |
| Fixed assets | 21/28 | €37,245 | €27,290 | -€9,955 | -26.7% |
| Tangible fixed assets | 22/27 | €37,245 | €27,290 | -€9,955 | -26.7% |
| Furniture and vehicles | 24 | €37,245 | €27,290 | -€9,955 | -26.7% |
| Current assets | 29/58 | €97,677 | €133,681 | +€36,005 | +36.9% |
| Amounts receivable within one year | 40/41 | €13,846 | €15,584 | +€1,739 | +12.6% |
| Trade receivables | 40 | €13,846 | €15,584 | +€1,739 | +12.6% |
| Cash at bank and in hand | 54/58 | €83,831 | €118,097 | +€34,266 | +40.9% |
| Total equity and liabilities | 10/49 | €134,922 | €160,972 | +€26,050 | +19.3% |
| Equity | 10/15 | €77,822 | €121,340 | +€43,518 | +55.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €75,822 | €119,340 | +€43,518 | +57.4% |
| Amounts payable | 17/49 | €57,099 | €39,631 | -€17,468 | -30.6% |
| Amounts payable after more than one year | 17 | €19,046 | €8,356 | -€10,689 | -56.1% |
| Financial debts | 170/4 | €19,046 | €8,356 | -€10,689 | -56.1% |
| Amounts payable within one year | 42/48 | €38,053 | €31,253 | -€6,801 | -17.9% |
| Current portion of amounts payable after more than one year | 42 | €10,194 | €10,689 | +€495 | +4.9% |
| Trade debts | 44 | €1,211 | €582 | -€629 | -51.9% |
| Suppliers | 440/4 | €1,211 | €582 | -€629 | -51.9% |
| Taxes, remuneration and social security | 45 | €26,145 | €18,012 | -€8,134 | -31.1% |
| Taxes | 450/3 | €26,145 | €18,012 | -€8,134 | -31.1% |
| Other amounts payable | 47/48 | €503 | €1,970 | +€1,467 | +292% |
| Accrued charges and deferred income | 492/3 | - | €22 | +€22 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,529 | €9,955 | -€2,575 | -20.5% |
| Other operating charges | 640/8 | - | €118 | +€118 | |
| Gross operating margin | 9900 | €109,745 | €66,398 | -€43,347 | -39.5% |
| Operating profit (loss) | 9901 | €97,216 | €56,325 | -€40,891 | -42.1% |
| Financial charges | 65/66B | €2,181 | €1,351 | -€830 | -38.1% |
| Recurring financial charges | 65 | €2,181 | €1,351 | -€830 | -38.1% |
| Profit (loss) for the period before taxes | 9903 | €95,034 | €54,974 | -€40,060 | -42.2% |
| Income taxes | 67/77 | €19,212 | €11,456 | -€7,756 | -40.4% |
| Profit (loss) for the period | 9904 | €75,822 | €43,518 | -€32,304 | -42.6% |
| Profit (loss) for the period to be appropriated | 9905 | €75,822 | €43,518 | -€32,304 | -42.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.