Vico 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.
Vico Consult
Largest movements
- Cash +€65,526
up €65,526 (+138%), from €47,520 to €113,046
mainly Receivables within one year (+€26,276) and Trade debts (+€23,887)
- Receivables within one year -€26,276
down €26,276 (-38.2%), from €68,840 to €42,564
of which Trade receivables: -€14,022
- Tangible fixed assets -€12,725
down €12,725 (-3.8%), from €337,368 to €324,643
- Trade debts +€23,887
up €23,887 (+792%), from €3,018 to €26,905
- Debts after one year -€18,396
down €18,396 (-34.9%), from €52,758 to €34,362
- Reserves +€15,316
up €15,316 (+4.6%), from €329,793 to €345,109
- Tax, wage and social debts +€8,028
up €8,028 (+84.2%), from €9,530 to €17,558
of which Taxes: +€10,628
- Gross operating margin +€11,969
up €11,969 (+36.0%), from €33,209 to €45,178
- Taxes +€4,503
up €4,503 (+107%), from €4,218 to €8,721
- Financial charges -€1,860
down €1,860 (-29.4%), from €6,321 to €4,460
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 | €465,158 | €493,690 | +€28,533 | +6.1% |
| Fixed assets | 21/28 | €348,700 | €335,582 | -€13,117 | -3.8% |
| Intangible fixed assets | 21 | €1,332 | €940 | -€392 | -29.5% |
| Tangible fixed assets | 22/27 | €337,368 | €324,643 | -€12,725 | -3.8% |
| Other tangible fixed assets | 26 | €337,368 | €324,643 | -€12,725 | -3.8% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €116,458 | €158,108 | +€41,650 | +35.8% |
| Amounts receivable within one year | 40/41 | €68,840 | €42,564 | -€26,276 | -38.2% |
| Trade receivables | 40 | €56,446 | €42,424 | -€14,022 | -24.8% |
| Other amounts receivable | 41 | €12,394 | €140 | -€12,254 | -98.9% |
| Cash at bank and in hand | 54/58 | €47,520 | €113,046 | +€65,526 | +138% |
| Deferred charges and accrued income | 490/1 | €98 | €2,497 | +€2,399 | +2,448% |
| Total equity and liabilities | 10/49 | €465,158 | €493,690 | +€28,533 | +6.1% |
| Equity | 10/15 | €335,993 | €351,309 | +€15,316 | +4.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €329,793 | €345,109 | +€15,316 | +4.6% |
| Distributable reserves | 133 | €329,793 | €345,109 | +€15,316 | +4.6% |
| Amounts payable | 17/49 | €129,165 | €142,381 | +€13,216 | +10.2% |
| Amounts payable after more than one year | 17 | €52,758 | €34,362 | -€18,396 | -34.9% |
| Financial debts | 170/4 | €52,758 | €34,362 | -€18,396 | -34.9% |
| Amounts payable within one year | 42/48 | €76,407 | €108,019 | +€31,613 | +41.4% |
| Current portion of amounts payable after more than one year | 42 | €18,076 | €18,396 | +€320 | +1.8% |
| Trade debts | 44 | €3,018 | €26,905 | +€23,887 | +792% |
| Suppliers | 440/4 | €3,018 | €26,905 | +€23,887 | +792% |
| Taxes, remuneration and social security | 45 | €9,530 | €17,558 | +€8,028 | +84.2% |
| Taxes | 450/3 | €6,930 | €17,558 | +€10,628 | +153% |
| Remuneration and social security | 454/9 | €2,600 | - | -€2,600 | |
| Other amounts payable | 47/48 | €45,782 | €45,160 | -€622 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,250 | €13,117 | -€132 | -1.0% |
| Other operating charges | 640/8 | €3,961 | €4,030 | +€69 | +1.7% |
| Gross operating margin | 9900 | €33,209 | €45,178 | +€11,969 | +36.0% |
| Operating profit (loss) | 9901 | €15,999 | €28,031 | +€12,032 | +75.2% |
| Financial income | 75/76B | €163 | €466 | +€303 | +186% |
| Recurring financial income | 75 | €163 | €466 | +€303 | +186% |
| Financial charges | 65/66B | €6,321 | €4,460 | -€1,860 | -29.4% |
| Recurring financial charges | 65 | €6,321 | €4,460 | -€1,860 | -29.4% |
| Profit (loss) for the period before taxes | 9903 | €9,841 | €24,037 | +€14,196 | +144% |
| Income taxes | 67/77 | €4,218 | €8,721 | +€4,503 | +107% |
| Profit (loss) for the period | 9904 | €5,624 | €15,316 | +€9,693 | +172% |
| Profit (loss) for the period to be appropriated | 9905 | €5,624 | €15,316 | +€9,693 | +172% |
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 19 October 2026 via checked.be.