VHJ 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.
VHJ Consulting
Largest movements
- Current investments -€67,208
down €67,208 (-33.6%), from €200,157 to €132,949
- Cash -€63,726
down €63,726 (-25.6%), from €248,566 to €184,839
mainly Contributions, distributions and other (-€202,179) and Investment in fixed assets (net) (-€4,695)
- Reserves -€127,200
down €127,200 (-27.9%), from €455,437 to €328,237
- Trade debts +€4,839
up €4,839 (+1,699%), from €285 to €5,124
- Depreciation -€3,918
down €3,918 (-85.3%), from €4,595 to €677
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 | €471,045 | €344,976 | -€126,069 | -26.8% |
| Fixed assets | 21/28 | €2,039 | €6,058 | +€4,018 | +197% |
| Tangible fixed assets | 22/27 | €2,039 | €6,058 | +€4,018 | +197% |
| Plant, machinery and equipment | 23 | - | €2,587 | +€2,587 | |
| Furniture and vehicles | 24 | €2,039 | €3,471 | +€1,432 | +70.2% |
| Current assets | 29/58 | €469,006 | €338,919 | -€130,087 | -27.7% |
| Amounts receivable within one year | 40/41 | €18,026 | €19,123 | +€1,097 | +6.1% |
| Trade receivables | 40 | €18,026 | €19,123 | +€1,097 | +6.1% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €200,157 | €132,949 | -€67,208 | -33.6% |
| Cash at bank and in hand | 54/58 | €248,566 | €184,839 | -€63,726 | -25.6% |
| Deferred charges and accrued income | 490/1 | €2,257 | €2,008 | -€249 | -11.0% |
| Total equity and liabilities | 10/49 | €471,045 | €344,976 | -€126,069 | -26.8% |
| Equity | 10/15 | €461,687 | €334,487 | -€127,200 | -27.6% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €455,437 | €328,237 | -€127,200 | -27.9% |
| Distributable reserves | 133 | €455,437 | €328,237 | -€127,200 | -27.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €9,358 | €10,489 | +€1,132 | +12.1% |
| Amounts payable within one year | 42/48 | €9,108 | €10,239 | +€1,132 | +12.4% |
| Financial debts | 43 | - | €89 | +€89 | |
| Credit institutions | 430/8 | - | €89 | +€89 | |
| Trade debts | 44 | €285 | €5,124 | +€4,839 | +1,699% |
| Suppliers | 440/4 | €285 | €5,124 | +€4,839 | +1,699% |
| Taxes, remuneration and social security | 45 | €7,514 | €3,937 | -€3,577 | -47.6% |
| Taxes | 450/3 | €7,514 | €3,937 | -€3,577 | -47.6% |
| Other amounts payable | 47/48 | €1,309 | €1,090 | -€219 | -16.7% |
| Accrued charges and deferred income | 492/3 | €250 | €250 | = | 0.0% |
| Non-recurring operating income | 76A | - | €14,250 | +€14,250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,595 | €677 | -€3,918 | -85.3% |
| Other operating charges | 640/8 | €1,101 | €884 | -€217 | -19.7% |
| Gross operating margin | 9900 | €92,046 | €92,713 | +€667 | +0.7% |
| Operating profit (loss) | 9901 | €86,350 | €91,152 | +€4,802 | +5.6% |
| Financial income | 75/76B | €13,053 | €13,317 | +€264 | +2.0% |
| Recurring financial income | 75 | €13,053 | €13,317 | +€264 | +2.0% |
| Financial charges | 65/66B | €96 | €872 | +€776 | +808% |
| Recurring financial charges | 65 | €96 | €872 | +€776 | +808% |
| Profit (loss) for the period before taxes | 9903 | €99,307 | €103,597 | +€4,290 | +4.3% |
| Income taxes | 67/77 | €29,239 | €28,618 | -€622 | -2.1% |
| Profit (loss) for the period | 9904 | €70,067 | €74,979 | +€4,912 | +7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €70,067 | €74,979 | +€4,912 | +7.0% |
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 21 October 2026 via checked.be.