Vicsen 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.
Vicsen Consulting
Largest movements
- Financial fixed assets +€12,340
up €12,340 (+10.8%), from €114,681 to €127,021
- Cash -€5,498
down €5,498 (-7.7%), from €71,383 to €65,885
mainly Contributions, distributions and other (-€172,600) and Investment in fixed assets (net) (-€17,537)
- Reserves -€136,129
down €136,129 (-70.4%), from €193,428 to €57,299
- Other debts +€127,500
new in 2025: €127,500
- Contributions +€12,400
up €12,400 (+200%), from €6,200 to €18,600
- Trade debts +€2,796
up €2,796 (+87.5%), from €3,194 to €5,989
- Gross operating margin +€12,407
up €12,407 (+24.5%), from €50,708 to €63,115
- Financial income -€10,886
down €10,886 (-57.6%), from €18,900 to €8,014
- Taxes -€5,309
down €5,309 (-22.9%), from €23,212 to €17,903
- Depreciation +€1,251
up €1,251 (+70.5%), from €1,774 to €3,025
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 | €213,087 | €221,624 | +€8,538 | +4.0% |
| Fixed assets | 21/28 | €121,985 | €136,497 | +€14,512 | +11.9% |
| Tangible fixed assets | 22/27 | €7,304 | €9,476 | +€2,172 | +29.7% |
| Plant, machinery and equipment | 23 | €1,807 | €1,433 | -€374 | -20.7% |
| Furniture and vehicles | 24 | €5,497 | €8,043 | +€2,545 | +46.3% |
| Financial fixed assets | 28 | €114,681 | €127,021 | +€12,340 | +10.8% |
| Current assets | 29/58 | €91,102 | €85,127 | -€5,975 | -6.6% |
| Amounts receivable within one year | 40/41 | €17,431 | €16,792 | -€639 | -3.7% |
| Trade receivables | 40 | €13,159 | €12,282 | -€877 | -6.7% |
| Other amounts receivable | 41 | €4,273 | €4,511 | +€238 | +5.6% |
| Cash at bank and in hand | 54/58 | €71,383 | €65,885 | -€5,498 | -7.7% |
| Deferred charges and accrued income | 490/1 | €2,288 | €2,450 | +€162 | +7.1% |
| Total equity and liabilities | 10/49 | €213,087 | €221,624 | +€8,538 | +4.0% |
| Equity | 10/15 | €199,628 | €75,899 | -€123,729 | -62.0% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200% |
| Reserves | 13 | €193,428 | €57,299 | -€136,129 | -70.4% |
| Distributable reserves | 133 | €193,428 | €57,299 | -€136,129 | -70.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €13,459 | €145,726 | +€132,267 | +983% |
| Amounts payable within one year | 42/48 | €13,459 | €145,322 | +€131,863 | +980% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €3,194 | €5,989 | +€2,796 | +87.5% |
| Suppliers | 440/4 | €3,194 | €5,989 | +€2,796 | +87.5% |
| Taxes, remuneration and social security | 45 | €10,265 | €11,832 | +€1,567 | +15.3% |
| Taxes | 450/3 | €10,265 | €11,832 | +€1,567 | +15.3% |
| Other amounts payable | 47/48 | - | €127,500 | +€127,500 | |
| Accrued charges and deferred income | 492/3 | - | €404 | +€404 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,774 | €3,025 | +€1,251 | +70.5% |
| Other operating charges | 640/8 | €848 | €858 | +€11 | +1.3% |
| Gross operating margin | 9900 | €50,708 | €63,115 | +€12,407 | +24.5% |
| Operating profit (loss) | 9901 | €48,087 | €59,232 | +€11,145 | +23.2% |
| Financial income | 75/76B | €18,900 | €8,014 | -€10,886 | -57.6% |
| Recurring financial income | 75 | €18,900 | €8,014 | -€10,886 | -57.6% |
| Financial charges | 65/66B | €416 | €472 | +€56 | +13.5% |
| Recurring financial charges | 65 | €416 | €472 | +€56 | +13.5% |
| Profit (loss) for the period before taxes | 9903 | €66,571 | €66,774 | +€203 | +0.3% |
| Income taxes | 67/77 | €23,212 | €17,903 | -€5,309 | -22.9% |
| Profit (loss) for the period | 9904 | €43,359 | €48,871 | +€5,512 | +12.7% |
| Profit (loss) for the period to be appropriated | 9905 | €43,359 | €48,871 | +€5,512 | +12.7% |
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 26 October 2026 via checked.be.