VICTUS 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.
VICTUS Consulting
Largest movements
- Tangible fixed assets -€35,184
down €35,184 (-35.6%), from €98,801 to €63,616
of which Furniture and vehicles: -€30,848
- Cash -€10,404
down €10,404 (-20.8%), from €50,103 to €39,699
mainly Contributions, distributions and other (-€110,395) and Debts after one year (-€17,082)
- Receivables within one year +€3,368
up €3,368 (+9.1%), from €36,920 to €40,288
of which Other amounts receivable: +€4,371
- Profit (loss) carried forward -€29,333
down €29,333 (-31.6%), from €92,795 to €63,462
- Contributions -€17,600
down €17,600 (-94.6%), from €18,600 to €1,000
- Debts after one year -€17,082
down €17,082 (-59.5%), from €28,712 to €11,630
- Tax, wage and social debts +€10,890
up €10,890 (+83.1%), from €13,100 to €23,991
- Other debts +€9,159
up €9,159 (+1,195%), from €766 to €9,925
- Gross operating margin +€17,144
up €17,144 (+13.5%), from €126,578 to €143,722
- Other operating charges +€10,790
up €10,790 (+420%), from €2,571 to €13,362
- Taxes +€2,989
up €2,989 (+10.9%), from €27,331 to €30,320
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 | €189,265 | €147,526 | -€41,739 | -22.1% |
| Fixed assets | 21/28 | €98,801 | €63,616 | -€35,184 | -35.6% |
| Tangible fixed assets | 22/27 | €98,801 | €63,616 | -€35,184 | -35.6% |
| Plant, machinery and equipment | 23 | €6,110 | €4,076 | -€2,034 | -33.3% |
| Furniture and vehicles | 24 | €75,222 | €44,374 | -€30,848 | -41.0% |
| Other tangible fixed assets | 26 | €17,468 | €15,167 | -€2,302 | -13.2% |
| Current assets | 29/58 | €90,464 | €83,910 | -€6,554 | -7.2% |
| Amounts receivable within one year | 40/41 | €36,920 | €40,288 | +€3,368 | +9.1% |
| Trade receivables | 40 | €28,942 | €27,940 | -€1,002 | -3.5% |
| Other amounts receivable | 41 | €7,978 | €12,349 | +€4,371 | +54.8% |
| Cash at bank and in hand | 54/58 | €50,103 | €39,699 | -€10,404 | -20.8% |
| Deferred charges and accrued income | 490/1 | €3,441 | €3,922 | +€481 | +14.0% |
| Total equity and liabilities | 10/49 | €189,265 | €147,526 | -€41,739 | -22.1% |
| Equity | 10/15 | €111,679 | €64,747 | -€46,933 | -42.0% |
| Contributions | 10/11 | €18,600 | €1,000 | -€17,600 | -94.6% |
| Reserves | 13 | €284 | €284 | = | 0.0% |
| Tax-exempt reserves | 132 | €284 | €284 | = | 0.0% |
| Profit (loss) carried forward | 14 | €92,795 | €63,462 | -€29,333 | -31.6% |
| Amounts payable | 17/49 | €77,586 | €82,780 | +€5,194 | +6.7% |
| Amounts payable after more than one year | 17 | €28,712 | €11,630 | -€17,082 | -59.5% |
| Financial debts | 170/4 | €28,712 | €11,630 | -€17,082 | -59.5% |
| Amounts payable within one year | 42/48 | €46,308 | €68,583 | +€22,275 | +48.1% |
| Current portion of amounts payable after more than one year | 42 | €16,658 | €17,082 | +€425 | +2.5% |
| Trade debts | 44 | €15,784 | €17,585 | +€1,801 | +11.4% |
| Suppliers | 440/4 | €15,784 | €17,585 | +€1,801 | +11.4% |
| Taxes, remuneration and social security | 45 | €13,100 | €23,991 | +€10,890 | +83.1% |
| Taxes | 450/3 | €13,100 | €23,991 | +€10,890 | +83.1% |
| Other amounts payable | 47/48 | €766 | €9,925 | +€9,159 | +1,195% |
| Accrued charges and deferred income | 492/3 | €2,566 | €2,567 | +€1 | +0.1% |
| Non-recurring operating income | 76A | €5,694 | €20,354 | +€14,660 | +257% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,552 | €35,184 | +€633 | +1.8% |
| Other operating charges | 640/8 | €2,571 | €13,362 | +€10,790 | +420% |
| Non-recurring operating charges | 66A | €433 | - | -€433 | |
| Gross operating margin | 9900 | €126,578 | €143,722 | +€17,144 | +13.5% |
| Operating profit (loss) | 9901 | €89,022 | €95,176 | +€6,154 | +6.9% |
| Financial income | 75/76B | €6 | €3 | -€3 | -51.5% |
| Recurring financial income | 75 | €6 | €3 | -€3 | -51.5% |
| Financial charges | 65/66B | €1,645 | €1,397 | -€248 | -15.1% |
| Recurring financial charges | 65 | €1,645 | €1,397 | -€248 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | €87,384 | €93,783 | +€6,399 | +7.3% |
| Income taxes | 67/77 | €27,331 | €30,320 | +€2,989 | +10.9% |
| Profit (loss) for the period | 9904 | €60,052 | €63,462 | +€3,410 | +5.7% |
| Profit (loss) for the period to be appropriated | 9905 | €60,052 | €63,462 | +€3,410 | +5.7% |
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 25 October 2026 via checked.be.