VK CONSULTANTS: 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.
VK CONSULTANTS
Largest movements
- Tangible fixed assets -€63,071
down €63,071 (-20.5%), from €307,938 to €244,867
of which Plant, machinery and equipment: -€43,151
- Cash +€22,910
up €22,910 (+96.8%), from €23,674 to €46,584
mainly Depreciation (+€68,594) and Other debts (+€48,244)
- Stocks and contracts -€6,696
down €6,696 (-11.0%), from €60,748 to €54,052
- Profit (loss) carried forward -€67,547
down €67,547 (-29.6%), from -€228,261 to -€295,808
- Other debts +€48,244
up €48,244 (+8.6%), from €559,786 to €608,031
- Debts after one year -€24,000
down €24,000 (-27.3%), from €88,000 to €64,000
- Current portion of long-term debt +€12,000
new in 2025: €12,000
- Trade debts -€10,876
down €10,876 (-48.5%), from €22,433 to €11,557
- Gross operating margin +€18,793
up €18,793 (+296%), from €6,338 to €25,132
- Depreciation -€14,654
down €14,654 (-17.6%), from €83,248 to €68,594
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 | €451,844 | €409,729 | -€42,115 | -9.3% |
| Fixed assets | 21/28 | €307,938 | €246,636 | -€61,302 | -19.9% |
| Intangible fixed assets | 21 | - | €1,769 | +€1,769 | |
| Tangible fixed assets | 22/27 | €307,938 | €244,867 | -€63,071 | -20.5% |
| Land and buildings | 22 | €186,024 | €176,071 | -€9,952 | -5.3% |
| Plant, machinery and equipment | 23 | €109,869 | €66,718 | -€43,151 | -39.3% |
| Furniture and vehicles | 24 | €12,045 | €2,078 | -€9,968 | -82.8% |
| Current assets | 29/58 | €143,906 | €163,093 | +€19,187 | +13.3% |
| Stocks and contracts in progress | 3 | €60,748 | €54,052 | -€6,696 | -11.0% |
| Stocks | 30/36 | €60,748 | €54,052 | -€6,696 | -11.0% |
| Amounts receivable within one year | 40/41 | €56,685 | €59,308 | +€2,624 | +4.6% |
| Trade receivables | 40 | €52,896 | €55,301 | +€2,405 | +4.5% |
| Other amounts receivable | 41 | €3,789 | €4,008 | +€219 | +5.8% |
| Cash at bank and in hand | 54/58 | €23,674 | €46,584 | +€22,910 | +96.8% |
| Deferred charges and accrued income | 490/1 | €2,799 | €3,148 | +€350 | +12.5% |
| Total equity and liabilities | 10/49 | €451,844 | €409,729 | -€42,115 | -9.3% |
| Equity | 10/15 | -€218,401 | -€285,948 | -€67,547 | -30.9% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€228,261 | -€295,808 | -€67,547 | -29.6% |
| Amounts payable | 17/49 | €670,244 | €695,676 | +€25,432 | +3.8% |
| Amounts payable after more than one year | 17 | €88,000 | €64,000 | -€24,000 | -27.3% |
| Financial debts | 170/4 | €88,000 | €64,000 | -€24,000 | -27.3% |
| Amounts payable within one year | 42/48 | €582,244 | €631,613 | +€49,369 | +8.5% |
| Current portion of amounts payable after more than one year | 42 | - | €12,000 | +€12,000 | |
| Trade debts | 44 | €22,433 | €11,557 | -€10,876 | -48.5% |
| Suppliers | 440/4 | €22,433 | €11,557 | -€10,876 | -48.5% |
| Taxes, remuneration and social security | 45 | €25 | €25 | = | 0.0% |
| Taxes | 450/3 | €25 | €25 | = | 0.0% |
| Other amounts payable | 47/48 | €559,786 | €608,031 | +€48,244 | +8.6% |
| Accrued charges and deferred income | 492/3 | - | €63 | +€63 | |
| Non-recurring operating income | 76A | €0 | €4,556 | +€4,556 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,248 | €68,594 | -€14,654 | -17.6% |
| Other operating charges | 640/8 | €2,142 | €2,299 | +€157 | +7.3% |
| Non-recurring operating charges | 66A | - | €22,062 | +€22,062 | |
| Gross operating margin | 9900 | €6,338 | €25,132 | +€18,793 | +296% |
| Operating profit (loss) | 9901 | -€79,051 | -€67,824 | +€11,228 | +14.2% |
| Financial income | 75/76B | €494 | €552 | +€58 | +11.8% |
| Recurring financial income | 75 | €494 | €552 | +€58 | +11.8% |
| Financial charges | 65/66B | €122 | €276 | +€154 | +126% |
| Recurring financial charges | 65 | €122 | €276 | +€154 | +126% |
| Profit (loss) for the period before taxes | 9903 | -€78,679 | -€67,547 | +€11,132 | +14.1% |
| Profit (loss) for the period | 9904 | -€78,679 | -€67,547 | +€11,132 | +14.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€78,679 | -€67,547 | +€11,132 | +14.1% |
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 30 October 2026 via checked.be.