VKB-Consult: 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.
VKB-Consult
Largest movements
- Cash +€106,026
up €106,026 (+102%), from €103,652 to €209,678
mainly Other debts (+€178,438) and Net result for the year (+€150,032)
- Receivables within one year +€18,961
up €18,961 (+41.9%), from €45,306 to €64,267
of which Trade receivables: +€26,713
- Deferred charges and accrued income +€13,232
up €13,232 (+30.6%), from €43,217 to €56,449
- Other debts +€178,438
up €178,438 (+414%), from €43,056 to €221,494
- Profit (loss) carried forward -€110,398
down €110,398 (-100.0%), from €110,447 to €49
- Reserves +€59,000
up €59,000 (+28.2%), from €208,940 to €267,940
of which Distributable reserves: +€59,000
- Trade debts +€12,354
up €12,354 (+277%), from €4,457 to €16,812
- Gross operating margin +€44,514
up €44,514 (+19.2%), from €232,366 to €276,881
- Staff costs +€29,742
up €29,742 (+88.5%), from €33,588 to €63,330
- Taxes +€13,271
up €13,271 (+32.4%), from €40,961 to €54,232
- Other operating charges -€3,758
down €3,758 (-60.9%), from €6,171 to €2,414
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 | €431,645 | €566,639 | +€134,994 | +31.3% |
| Fixed assets | 21/28 | €38,436 | €32,723 | -€5,713 | -14.9% |
| Intangible fixed assets | 21 | €9,233 | €8,113 | -€1,120 | -12.1% |
| Tangible fixed assets | 22/27 | €29,203 | €24,610 | -€4,593 | -15.7% |
| Land and buildings | 22 | €10,679 | €8,841 | -€1,838 | -17.2% |
| Plant, machinery and equipment | 23 | €10,845 | €7,031 | -€3,815 | -35.2% |
| Furniture and vehicles | 24 | €7,678 | €8,738 | +€1,060 | +13.8% |
| Current assets | 29/58 | €393,209 | €533,916 | +€140,707 | +35.8% |
| Amounts receivable within one year | 40/41 | €45,306 | €64,267 | +€18,961 | +41.9% |
| Trade receivables | 40 | €36,056 | €62,769 | +€26,713 | +74.1% |
| Other amounts receivable | 41 | €9,250 | €1,498 | -€7,752 | -83.8% |
| Current investments | 50/53 | €201,034 | €203,522 | +€2,488 | +1.2% |
| Cash at bank and in hand | 54/58 | €103,652 | €209,678 | +€106,026 | +102% |
| Deferred charges and accrued income | 490/1 | €43,217 | €56,449 | +€13,232 | +30.6% |
| Total equity and liabilities | 10/49 | €431,645 | €566,639 | +€134,994 | +31.3% |
| Equity | 10/15 | €320,887 | €269,489 | -€51,398 | -16.0% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €208,940 | €267,940 | +€59,000 | +28.2% |
| Tax-exempt reserves | 132 | €58,940 | €58,940 | = | 0.0% |
| Distributable reserves | 133 | €150,000 | €209,000 | +€59,000 | +39.3% |
| Profit (loss) carried forward | 14 | €110,447 | €49 | -€110,398 | -100.0% |
| Amounts payable | 17/49 | €110,757 | €297,150 | +€186,392 | +168% |
| Amounts payable within one year | 42/48 | €110,757 | €297,150 | +€186,392 | +168% |
| Trade debts | 44 | €4,457 | €16,812 | +€12,354 | +277% |
| Suppliers | 440/4 | €4,457 | €16,812 | +€12,354 | +277% |
| Taxes, remuneration and social security | 45 | €63,244 | €58,845 | -€4,400 | -7.0% |
| Taxes | 450/3 | €63,234 | €50,524 | -€12,710 | -20.1% |
| Remuneration and social security | 454/9 | €10 | €8,321 | +€8,310 | +79,296% |
| Other amounts payable | 47/48 | €43,056 | €221,494 | +€178,438 | +414% |
| Remuneration, social security and pensions | 62 | €33,588 | €63,330 | +€29,742 | +88.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,119 | €9,600 | -€1,519 | -13.7% |
| Other operating charges | 640/8 | €6,171 | €2,414 | -€3,758 | -60.9% |
| Gross operating margin | 9900 | €232,366 | €276,881 | +€44,514 | +19.2% |
| Operating profit (loss) | 9901 | €181,488 | €201,537 | +€20,049 | +11.0% |
| Financial income | 75/76B | €4,039 | €4,248 | +€209 | +5.2% |
| Recurring financial income | 75 | €4,039 | €4,248 | +€209 | +5.2% |
| Financial charges | 65/66B | €1,043 | €1,521 | +€478 | +45.8% |
| Recurring financial charges | 65 | €1,043 | €1,521 | +€478 | +45.8% |
| Profit (loss) for the period before taxes | 9903 | €184,484 | €204,265 | +€19,781 | +10.7% |
| Income taxes | 67/77 | €40,961 | €54,232 | +€13,271 | +32.4% |
| Profit (loss) for the period | 9904 | €143,523 | €150,032 | +€6,510 | +4.5% |
| Transfer to tax-exempt reserves | 689 | €58,940 | - | -€58,940 | |
| Profit (loss) for the period to be appropriated | 9905 | €84,583 | €150,032 | +€65,450 | +77.4% |
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 13 October 2026 via checked.be.