Vleugels 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.
Vleugels Consulting
Largest movements
- Cash +€12,030
up €12,030 (+29.9%), from €40,194 to €52,224
mainly Net result for the year (+€70,046) and Other debts (+€65,291)
- Tangible fixed assets +€8,832
up €8,832 (+166%), from €5,312 to €14,144
of which Furniture and vehicles: +€8,737
- Current investments -€8,636
down €8,636 (-61.8%), from €13,977 to €5,341
- Deferred charges and accrued income -€2,761
down €2,761 (-47.8%), from €5,771 to €3,010
- Receivables within one year +€1,161
up €1,161 (+7.0%), from €16,601 to €17,762
of which Trade receivables: +€1,197
- Other debts +€65,291
up €65,291 (+15,283%), from €427 to €65,718
- Profit (loss) carried forward -€56,796
down €56,796 (-100%), from €56,796 to €0
- Tax, wage and social debts +€1,642
up €1,642 (+9.7%), from €17,013 to €18,655
- Gross operating margin +€25,144
up €25,144 (+42.5%), from €59,230 to €84,374
- Financial income -€10,617
down €10,617 (-34.1%), from €31,177 to €20,560
- Financial charges -€4,363
down €4,363 (-32.6%), from €13,370 to €9,007
- Depreciation +€3,847
up €3,847 (+269%), from €1,429 to €5,276
- Taxes +€1,785
up €1,785 (+9.7%), from €18,418 to €20,203
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 | €81,854 | €92,480 | +€10,626 | +13.0% |
| Fixed assets | 21/28 | €5,312 | €14,144 | +€8,832 | +166% |
| Tangible fixed assets | 22/27 | €5,312 | €14,144 | +€8,832 | +166% |
| Plant, machinery and equipment | 23 | €1,551 | €1,646 | +€95 | +6.1% |
| Furniture and vehicles | 24 | €3,761 | €12,498 | +€8,737 | +232% |
| Current assets | 29/58 | €76,542 | €78,337 | +€1,794 | +2.3% |
| Amounts receivable within one year | 40/41 | €16,601 | €17,762 | +€1,161 | +7.0% |
| Trade receivables | 40 | €16,565 | €17,762 | +€1,197 | +7.2% |
| Other amounts receivable | 41 | €36 | €0 | -€36 | -100% |
| Current investments | 50/53 | €13,977 | €5,341 | -€8,636 | -61.8% |
| Cash at bank and in hand | 54/58 | €40,194 | €52,224 | +€12,030 | +29.9% |
| Deferred charges and accrued income | 490/1 | €5,771 | €3,010 | -€2,761 | -47.8% |
| Total equity and liabilities | 10/49 | €81,854 | €92,480 | +€10,626 | +13.0% |
| Equity | 10/15 | €59,796 | €3,000 | -€56,796 | -95.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,796 | €0 | -€56,796 | -100% |
| Amounts payable | 17/49 | €22,058 | €89,480 | +€67,422 | +306% |
| Amounts payable within one year | 42/48 | €22,058 | €89,480 | +€67,422 | +306% |
| Trade debts | 44 | €4,618 | €5,107 | +€490 | +10.6% |
| Suppliers | 440/4 | €4,618 | €5,107 | +€490 | +10.6% |
| Taxes, remuneration and social security | 45 | €17,013 | €18,655 | +€1,642 | +9.7% |
| Taxes | 450/3 | €17,013 | €18,655 | +€1,642 | +9.7% |
| Other amounts payable | 47/48 | €427 | €65,718 | +€65,291 | +15,283% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,429 | €5,276 | +€3,847 | +269% |
| Other operating charges | 640/8 | €394 | €403 | +€9 | +2.2% |
| Gross operating margin | 9900 | €59,230 | €84,374 | +€25,144 | +42.5% |
| Operating profit (loss) | 9901 | €57,407 | €78,696 | +€21,289 | +37.1% |
| Financial income | 75/76B | €31,177 | €20,560 | -€10,617 | -34.1% |
| Recurring financial income | 75 | €31,177 | €20,560 | -€10,617 | -34.1% |
| Financial charges | 65/66B | €13,370 | €9,007 | -€4,363 | -32.6% |
| Recurring financial charges | 65 | €13,370 | €9,007 | -€4,363 | -32.6% |
| Profit (loss) for the period before taxes | 9903 | €75,214 | €90,249 | +€15,035 | +20.0% |
| Income taxes | 67/77 | €18,418 | €20,203 | +€1,785 | +9.7% |
| Profit (loss) for the period | 9904 | €56,796 | €70,046 | +€13,250 | +23.3% |
| Profit (loss) for the period to be appropriated | 9905 | €56,796 | €70,046 | +€13,250 | +23.3% |
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 26 October 2026 via checked.be.