Vk concept: 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.
What changed
Vk concept
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€167,374
2024 · €767,245-€599,871
Equity
€3.1m
2024 · €2.9m+€167,374
Cash
€7,441
2024 · €21,423-€13,981
Balance sheet total
€9.0m
2024 · €8.9m+€98,653
Largest movements
Assets
- Tangible fixed assets +€195,623
up €195,623 (+5.7%), from €3.4m to €3.6m
of which Leasing and similar rights: +€252,114
Equity and liabilities
- Reserves +€167,374
up €167,374 (+5.7%), from €2.9m to €3.1m
of which Distributable reserves: +€162,419
Income statement
- Depreciation +€156,086
up €156,086 (+160%), from €97,548 to €253,635
- Turnover +€152,658
up €152,658 (+40.1%), from €380,658 to €533,317
- Other operating income +€138,598
up €138,598 (+65.3%), from €212,268 to €350,865
- Taxes +€42,503
up €42,503 (+94.1%), from €45,168 to €87,671
- Services and other goods -€27,842
down €27,842 (-12.2%), from €229,136 to €201,294
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.
Result 2024
€767,245
Turnover
+€152,658
Other operating income
+€138,598
Goods and materials
-€10,855
Services and other goods
+€27,842
Staff costs
-€12,144
Depreciation
-€156,086
Other operating charges
+€4,364
Other operating items
-€910,078
Financial income
+€6,248
Financial charges
+€20,234
Taxes
-€42,503
Deferred taxes and other
+€181,851
Result 2025
€167,374
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€509,411
Investment
-€449,260
Financing
-€74,133
Cash 2024
€21,423
From operations (derived)
+€509,411
Net result for the year
+€167,374
Depreciation
+€253,635
Receivables after one year
+€69,482
Stocks and contracts
-€12,540
Receivables within one year
+€9,120
Deferred charges and accrued income
+€16,930
Provisions
-€23,153
Trade debts
+€3,885
Tax, wage and social debts
+€13,473
Other debts
-€9,256
Accrued charges and deferred income
+€20,463
Investment (derived)
-€449,260
Investment in fixed assets (net)
-€449,260
Financing
-€74,133
Debts after one year
+€629
Current portion of long-term debt
-€77,663
Short-term financial debts
+€2,902
Cash 2025
€7,441
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,930,284 | €9,028,937 | +€98,653 | +1.1% |
| Fixed assets | 21/28 | €6,861,504 | €7,057,129 | +€195,625 | +2.9% |
| Tangible fixed assets | 22/27 | €3,435,656 | €3,631,279 | +€195,623 | +5.7% |
| Land and buildings | 22 | €2,292,101 | €2,250,607 | -€41,495 | -1.8% |
| Plant, machinery and equipment | 23 | - | €53,156 | +€53,156 | |
| Furniture and vehicles | 24 | €189,825 | €156,393 | -€33,432 | -17.6% |
| Leasing and similar rights | 25 | €362,907 | €615,020 | +€252,114 | +69.5% |
| Other tangible fixed assets | 26 | €590,822 | €556,103 | -€34,719 | -5.9% |
| Financial fixed assets | 28 | €3,425,849 | €3,425,851 | +€2 | 0.0% |
| Affiliated companies | 280/1 | €3,036,000 | €3,036,000 | = | 0.0% |
| Participating interests | 280 | €3,036,000 | €3,036,000 | = | 0.0% |
| Companies linked by participating interests | 282/3 | €389,849 | €389,851 | +€2 | 0.0% |
| Participating interests | 282 | €389,849 | €389,851 | +€2 | 0.0% |
| Current assets | 29/58 | €2,068,780 | €1,971,808 | -€96,972 | -4.7% |
| Amounts receivable after more than one year | 29 | €109,957 | €40,475 | -€69,482 | -63.2% |
| Other amounts receivable | 291 | €109,957 | €40,475 | -€69,482 | -63.2% |
| Stocks and contracts in progress | 3 | €434,615 | €447,155 | +€12,540 | +2.9% |
| Stocks | 30/36 | €434,615 | €447,155 | +€12,540 | +2.9% |
| Property held for sale | 35 | €434,615 | €447,155 | +€12,540 | +2.9% |
| Amounts receivable within one year | 40/41 | €1,444,032 | €1,434,913 | -€9,120 | -0.6% |
| Trade receivables | 40 | €57,741 | €71,912 | +€14,171 | +24.5% |
| Other amounts receivable | 41 | €1,386,291 | €1,363,001 | -€23,290 | -1.7% |
| Cash at bank and in hand | 54/58 | €21,423 | €7,441 | -€13,981 | -65.3% |
| Deferred charges and accrued income | 490/1 | €58,754 | €41,824 | -€16,930 | -28.8% |
| Total equity and liabilities | 10/49 | €8,930,284 | €9,028,937 | +€98,653 | +1.1% |
| Equity | 10/15 | €2,931,986 | €3,099,360 | +€167,374 | +5.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,913,386 | €3,080,760 | +€167,374 | +5.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €831,926 | €836,882 | +€4,955 | +0.6% |
| Distributable reserves | 133 | €2,079,599 | €2,242,018 | +€162,419 | +7.8% |
| Provisions and deferred taxes | 16 | €158,698 | €135,545 | -€23,153 | -14.6% |
| Deferred taxes | 168 | €158,698 | €135,545 | -€23,153 | -14.6% |
| Amounts payable | 17/49 | €5,839,600 | €5,794,032 | -€45,568 | -0.8% |
| Amounts payable after more than one year | 17 | €4,708,635 | €4,709,263 | +€629 | 0.0% |
| Financial debts | 170/4 | €2,966,243 | €2,980,017 | +€13,774 | +0.5% |
| Subordinated loans | 170 | €120,082 | €110,382 | -€9,700 | -8.1% |
| Leasing and similar obligations | 172 | €289,941 | €472,087 | +€182,146 | +62.8% |
| Credit institutions | 173 | €2,511,275 | €2,218,879 | -€292,396 | -11.6% |
| Other loans | 174 | €44,945 | €178,669 | +€133,724 | +298% |
| Other amounts payable | 178/9 | €1,742,391 | €1,729,246 | -€13,145 | -0.8% |
| Amounts payable within one year | 42/48 | €1,093,500 | €1,026,841 | -€66,659 | -6.1% |
| Current portion of amounts payable after more than one year | 42 | €708,671 | €631,008 | -€77,663 | -11.0% |
| Financial debts | 43 | €336,764 | €339,665 | +€2,902 | +0.9% |
| Credit institutions | 430/8 | €336,764 | €339,665 | +€2,902 | +0.9% |
| Trade debts | 44 | €14,157 | €18,041 | +€3,885 | +27.4% |
| Suppliers | 440/4 | €14,157 | €18,041 | +€3,885 | +27.4% |
| Taxes, remuneration and social security | 45 | €16,723 | €30,196 | +€13,473 | +80.6% |
| Taxes | 450/3 | €8,070 | €17,774 | +€9,703 | +120% |
| Remuneration and social security | 454/9 | €8,653 | €12,422 | +€3,769 | +43.6% |
| Other amounts payable | 47/48 | €17,185 | €7,930 | -€9,256 | -53.9% |
| Accrued charges and deferred income | 492/3 | €37,466 | €57,928 | +€20,463 | +54.6% |
| Operating income | 70/76A | €1,503,004 | €884,182 | -€618,822 | -41.2% |
| Turnover | 70 | €380,658 | €533,317 | +€152,658 | +40.1% |
| Other operating income | 74 | €212,268 | €350,865 | +€138,598 | +65.3% |
| Non-recurring operating income | 76A | €910,078 | €0 | -€910,078 | -100% |
| Operating charges | 60/66A | €336,484 | €483,363 | +€146,879 | +43.7% |
| Goods for resale, raw materials and consumables | 60 | - | €10,855 | +€10,855 | |
| Purchases | 600/8 | €0 | €10,855 | +€10,855 | |
| Change in stocks: decrease (increase) | 609 | €0 | - | = | |
| Services and other goods | 61 | €229,136 | €201,294 | -€27,842 | -12.2% |
| Remuneration, social security and pensions | 62 | - | €12,144 | +€12,144 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,548 | €253,635 | +€156,086 | +160% |
| Other operating charges | 640/8 | €9,799 | €5,436 | -€4,364 | -44.5% |
| Operating profit (loss) | 9901 | €1,166,520 | €400,819 | -€765,701 | -65.6% |
| Financial income | 75/76B | €34,792 | €41,040 | +€6,248 | +18.0% |
| Recurring financial income | 75 | €34,792 | €41,040 | +€6,248 | +18.0% |
| Income from current assets | 751 | €34,792 | €41,040 | +€6,248 | +18.0% |
| Other financial income | 752/9 | €0 | €0 | +€0 | +200% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €230,201 | €209,967 | -€20,234 | -8.8% |
| Recurring financial charges | 65 | €230,201 | €209,967 | -€20,234 | -8.8% |
| Debt charges | 650 | €229,539 | €209,097 | -€20,442 | -8.9% |
| Other financial charges | 652/9 | €662 | €870 | +€208 | +31.4% |
| Profit (loss) for the period before taxes | 9903 | €971,111 | €231,892 | -€739,219 | -76.1% |
| Transfer from deferred taxes | 780 | €2,894 | €23,153 | +€20,259 | +700% |
| Transfer to deferred taxes | 680 | €161,593 | €0 | -€161,593 | -100% |
| Income taxes | 67/77 | €45,168 | €87,671 | +€42,503 | +94.1% |
| Taxes | 670/3 | €45,168 | €87,671 | +€42,503 | +94.1% |
| Profit (loss) for the period | 9904 | €767,245 | €167,374 | -€599,871 | -78.2% |
| Transfer from tax-exempt reserves | 789 | €226,287 | €92,611 | -€133,676 | -59.1% |
| Transfer to tax-exempt reserves | 689 | €687,207 | €97,567 | -€589,641 | -85.8% |
| Profit (loss) for the period to be appropriated | 9905 | €306,325 | €162,419 | -€143,906 | -47.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.