VICTORY 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.
VICTORY CONSULTING
Largest movements
- Cash -€17,479
down €17,479 (-73.3%), from €23,831 to €6,352
mainly Tax, wage and social debts (-€10,415) and Receivables within one year (-€6,531)
- Receivables within one year +€6,531
up €6,531 (+36.8%), from €17,740 to €24,271
- Tax, wage and social debts -€10,415
down €10,415 (-41.3%), from €25,238 to €14,823
of which Remuneration and social security: -€8,384
- Profit (loss) carried forward -€6,053
down €6,053 (-40.5%), from -€14,957 to -€21,010
- Reserves +€5,254
up €5,254 (+5.6%), from €93,879 to €99,133
- Gross operating margin -€8,557
down €8,557 (-98.3%), from €8,709 to €152
- Taxes +€4,147
up €4,147 (+299%), from €1,387 to €5,534
- Depreciation -€822
down €822 (-57.0%), from €1,441 to €619
- Other operating charges +€313
up €313 (+248%), from €126 to €439
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 | €141,431 | €130,721 | -€10,710 | -7.6% |
| Fixed assets | 21/28 | €562 | €1,098 | +€536 | +95.4% |
| Tangible fixed assets | 22/27 | €562 | €1,098 | +€536 | +95.4% |
| Plant, machinery and equipment | 23 | €236 | €1,098 | +€862 | +365% |
| Furniture and vehicles | 24 | €326 | - | -€326 | |
| Current assets | 29/58 | €140,869 | €129,623 | -€11,246 | -8.0% |
| Amounts receivable within one year | 40/41 | €17,740 | €24,271 | +€6,531 | +36.8% |
| Trade receivables | 40 | €17,740 | €24,271 | +€6,531 | +36.8% |
| Current investments | 50/53 | €98,918 | €98,918 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €23,831 | €6,352 | -€17,479 | -73.3% |
| Deferred charges and accrued income | 490/1 | €380 | €82 | -€298 | -78.4% |
| Total equity and liabilities | 10/49 | €141,431 | €130,721 | -€10,710 | -7.6% |
| Equity | 10/15 | €92,342 | €91,543 | -€799 | -0.9% |
| Contributions | 10/11 | €13,420 | €13,420 | = | 0.0% |
| Reserves | 13 | €93,879 | €99,133 | +€5,254 | +5.6% |
| Distributable reserves | 133 | €93,879 | €99,133 | +€5,254 | +5.6% |
| Profit (loss) carried forward | 14 | -€14,957 | -€21,010 | -€6,053 | -40.5% |
| Amounts payable | 17/49 | €49,089 | €39,178 | -€9,911 | -20.2% |
| Amounts payable within one year | 42/48 | €49,089 | €39,178 | -€9,911 | -20.2% |
| Trade debts | 44 | €13 | €517 | +€504 | +3,877% |
| Suppliers | 440/4 | €13 | €517 | +€504 | +3,877% |
| Taxes, remuneration and social security | 45 | €25,238 | €14,823 | -€10,415 | -41.3% |
| Taxes | 450/3 | €3,254 | €1,223 | -€2,031 | -62.4% |
| Remuneration and social security | 454/9 | €21,984 | €13,600 | -€8,384 | -38.1% |
| Other amounts payable | 47/48 | €23,838 | €23,838 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,441 | €619 | -€822 | -57.0% |
| Other operating charges | 640/8 | €126 | €439 | +€313 | +248% |
| Gross operating margin | 9900 | €8,709 | €152 | -€8,557 | -98.3% |
| Operating profit (loss) | 9901 | €7,142 | -€906 | -€8,048 | |
| Financial income | 75/76B | €582 | €565 | -€17 | -2.9% |
| Recurring financial income | 75 | €582 | €565 | -€17 | -2.9% |
| Financial charges | 65/66B | €239 | €178 | -€61 | -25.5% |
| Recurring financial charges | 65 | €239 | €178 | -€61 | -25.5% |
| Profit (loss) for the period before taxes | 9903 | €7,485 | -€519 | -€8,004 | |
| Income taxes | 67/77 | €1,387 | €5,534 | +€4,147 | +299% |
| Profit (loss) for the period | 9904 | €6,098 | -€6,053 | -€12,151 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,098 | -€6,053 | -€12,151 |
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.