VHR 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.
VHR Consulting
Largest movements
- Cash +€71,028
up €71,028 (+30.3%), from €234,410 to €305,438
mainly Net result for the year (+€60,715) and Receivables within one year (+€6,624)
- Receivables within one year -€6,624
down €6,624 (-17.2%), from €38,441 to €31,817
of which Trade receivables: -€10,969
- Tangible fixed assets -€3,993
down €3,993 (-83.6%), from €4,776 to €784
of which Leasing and similar rights: -€3,572
- Reserves +€60,715
up €60,715 (+24.2%), from €250,928 to €311,644
- Trade debts +€4,469
up €4,469 (+2,821%), from €158 to €4,627
- Current portion of long-term debt -€3,708
no longer reported in 2025 (was €3,708)
- Gross operating margin -€19,967
down €19,967 (-18.2%), from €109,939 to €89,971
- Taxes -€5,851
down €5,851 (-19.6%), from €29,867 to €24,016
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 | €277,882 | €339,281 | +€61,399 | +22.1% |
| Fixed assets | 21/28 | €4,926 | €934 | -€3,993 | -81.0% |
| Tangible fixed assets | 22/27 | €4,776 | €784 | -€3,993 | -83.6% |
| Furniture and vehicles | 24 | €891 | €471 | -€420 | -47.2% |
| Leasing and similar rights | 25 | €3,886 | €313 | -€3,572 | -91.9% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €272,956 | €338,347 | +€65,391 | +24.0% |
| Amounts receivable within one year | 40/41 | €38,441 | €31,817 | -€6,624 | -17.2% |
| Trade receivables | 40 | €38,430 | €27,462 | -€10,969 | -28.5% |
| Other amounts receivable | 41 | €10 | €4,356 | +€4,345 | +41,700% |
| Cash at bank and in hand | 54/58 | €234,410 | €305,438 | +€71,028 | +30.3% |
| Deferred charges and accrued income | 490/1 | €105 | €1,092 | +€987 | +941% |
| Total equity and liabilities | 10/49 | €277,882 | €339,281 | +€61,399 | +22.1% |
| Equity | 10/15 | €253,928 | €314,644 | +€60,715 | +23.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €250,928 | €311,644 | +€60,715 | +24.2% |
| Distributable reserves | 133 | €250,928 | €311,644 | +€60,715 | +24.2% |
| Amounts payable | 17/49 | €23,954 | €24,637 | +€683 | +2.9% |
| Amounts payable after more than one year | 17 | €312 | - | -€312 | |
| Financial debts | 170/4 | €312 | - | -€312 | |
| Amounts payable within one year | 42/48 | €23,576 | €24,637 | +€1,061 | +4.5% |
| Current portion of amounts payable after more than one year | 42 | €3,708 | - | -€3,708 | |
| Trade debts | 44 | €158 | €4,627 | +€4,469 | +2,821% |
| Suppliers | 440/4 | €158 | €4,627 | +€4,469 | +2,821% |
| Taxes, remuneration and social security | 45 | €11,429 | €13,421 | +€1,992 | +17.4% |
| Taxes | 450/3 | €11,429 | €13,403 | +€1,973 | +17.3% |
| Remuneration and social security | 454/9 | - | €18 | +€18 | |
| Other amounts payable | 47/48 | €8,280 | €6,589 | -€1,691 | -20.4% |
| Accrued charges and deferred income | 492/3 | €66 | - | -€66 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,991 | €3,993 | +€1 | 0.0% |
| Other operating charges | 640/8 | €908 | €1,016 | +€108 | +11.9% |
| Gross operating margin | 9900 | €109,939 | €89,971 | -€19,967 | -18.2% |
| Operating profit (loss) | 9901 | €105,039 | €84,963 | -€20,076 | -19.1% |
| Financial income | 75/76B | €301 | €616 | +€315 | +105% |
| Recurring financial income | 75 | €301 | €616 | +€315 | +105% |
| Financial charges | 65/66B | €360 | €848 | +€488 | +136% |
| Recurring financial charges | 65 | €360 | €848 | +€488 | +136% |
| Profit (loss) for the period before taxes | 9903 | €104,980 | €84,731 | -€20,249 | -19.3% |
| Income taxes | 67/77 | €29,867 | €24,016 | -€5,851 | -19.6% |
| Profit (loss) for the period | 9904 | €75,113 | €60,715 | -€14,398 | -19.2% |
| Profit (loss) for the period to be appropriated | 9905 | €75,113 | €60,715 | -€14,398 | -19.2% |
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 27 October 2026 via checked.be.