VL 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.
VL Consulting
Largest movements
- Receivables within one year -€47,371
down €47,371 (-72.2%), from €65,619 to €18,249
of which Other amounts receivable: -€47,146
- Tangible fixed assets +€36,933
up €36,933 (+76.3%), from €48,385 to €85,318
of which Furniture and vehicles: +€37,433
- Cash -€16,290
down €16,290 (-27.9%), from €58,321 to €42,031
mainly Contributions, distributions and other (-€60,746) and Investment in fixed assets (net) (-€53,176)
- Current investments -€9,059
down €9,059 (-27.0%), from €33,546 to €24,487
- Reserves -€52,690
down €52,690 (-32.5%), from €161,983 to €109,293
- Debts after one year +€7,568
up €7,568 (+40.6%), from €18,648 to €26,216
- Current portion of long-term debt +€5,745
up €5,745 (+44.0%), from €13,053 to €18,797
- Other debts +€5,679
up €5,679 (+175%), from €3,243 to €8,922
- Trade debts -€2,788
down €2,788 (-61.0%), from €4,571 to €1,783
- Gross operating margin -€24,553
down €24,553 (-76.5%), from €32,092 to €7,539
- Taxes -€4,215
down €4,215 (-73.0%), from €5,777 to €1,561
- Financial income +€4,149
up €4,149 (+23.1%), from €17,934 to €22,083
of which Non-recurring financial income: +€9,640
- Depreciation -€2,611
down €2,611 (-13.5%), from €19,278 to €16,668
- Financial charges -€664
down €664 (-29.7%), from €2,238 to €1,574
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 | €210,440 | €173,863 | -€36,577 | -17.4% |
| Fixed assets | 21/28 | €48,810 | €85,318 | +€36,508 | +74.8% |
| Tangible fixed assets | 22/27 | €48,385 | €85,318 | +€36,933 | +76.3% |
| Land and buildings | 22 | €7,000 | €6,500 | -€500 | -7.1% |
| Furniture and vehicles | 24 | €41,385 | €78,819 | +€37,433 | +90.5% |
| Financial fixed assets | 28 | €425 | €0 | -€425 | -100% |
| Current assets | 29/58 | €161,630 | €88,545 | -€73,085 | -45.2% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €65,619 | €18,249 | -€47,371 | -72.2% |
| Trade receivables | 40 | €375 | €150 | -€225 | -60.0% |
| Other amounts receivable | 41 | €65,245 | €18,099 | -€47,146 | -72.3% |
| Current investments | 50/53 | €33,546 | €24,487 | -€9,059 | -27.0% |
| Cash at bank and in hand | 54/58 | €58,321 | €42,031 | -€16,290 | -27.9% |
| Deferred charges and accrued income | 490/1 | €4,144 | €3,779 | -€366 | -8.8% |
| Total equity and liabilities | 10/49 | €210,440 | €173,863 | -€36,577 | -17.4% |
| Equity | 10/15 | €168,183 | €115,493 | -€52,690 | -31.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €161,983 | €109,293 | -€52,690 | -32.5% |
| Distributable reserves | 133 | €161,983 | €109,293 | -€52,690 | -32.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €42,257 | €58,370 | +€16,113 | +38.1% |
| Amounts payable after more than one year | 17 | €18,648 | €26,216 | +€7,568 | +40.6% |
| Financial debts | 170/4 | €18,648 | €26,216 | +€7,568 | +40.6% |
| Amounts payable within one year | 42/48 | €23,303 | €32,155 | +€8,852 | +38.0% |
| Current portion of amounts payable after more than one year | 42 | €13,053 | €18,797 | +€5,745 | +44.0% |
| Trade debts | 44 | €4,571 | €1,783 | -€2,788 | -61.0% |
| Suppliers | 440/4 | €4,571 | €1,783 | -€2,788 | -61.0% |
| Taxes, remuneration and social security | 45 | €2,436 | €2,652 | +€216 | +8.9% |
| Taxes | 450/3 | €2,436 | €2,652 | +€216 | +8.9% |
| Other amounts payable | 47/48 | €3,243 | €8,922 | +€5,679 | +175% |
| Accrued charges and deferred income | 492/3 | €307 | €0 | -€307 | -100% |
| Non-recurring operating income | 76A | €9,000 | €7,302 | -€1,698 | -18.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,278 | €16,668 | -€2,611 | -13.5% |
| Other operating charges | 640/8 | €1,229 | €1,763 | +€534 | +43.5% |
| Gross operating margin | 9900 | €32,092 | €7,539 | -€24,553 | -76.5% |
| Operating profit (loss) | 9901 | €11,585 | -€10,892 | -€22,477 | |
| Financial income | 75/76B | €17,934 | €22,083 | +€4,149 | +23.1% |
| Recurring financial income | 75 | €17,934 | €12,444 | -€5,490 | -30.6% |
| Non-recurring financial income | 76B | - | €9,640 | +€9,640 | |
| Financial charges | 65/66B | €2,238 | €1,574 | -€664 | -29.7% |
| Recurring financial charges | 65 | €2,238 | €1,574 | -€664 | -29.7% |
| Profit (loss) for the period before taxes | 9903 | €27,281 | €9,617 | -€17,663 | -64.7% |
| Income taxes | 67/77 | €5,777 | €1,561 | -€4,215 | -73.0% |
| Profit (loss) for the period | 9904 | €21,504 | €8,056 | -€13,448 | -62.5% |
| Profit (loss) for the period to be appropriated | 9905 | €21,504 | €8,056 | -€13,448 | -62.5% |
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 21 October 2026 via checked.be.