VLN 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.
VLN Consulting
Largest movements
- Financial fixed assets -€1.2m
down €1.2m (-100.0%), from €1.2m to €120
- Cash +€381,925
up €381,925 (+569%), from €67,166 to €449,092
mainly Investment in fixed assets (net) (+€1.2m) and Net result for the year (+€563,067)
- Deferred charges and accrued income -€84,178
no longer reported in 2025 (was €84,178)
- Current investments -€50,000
no longer reported in 2025 (was €50,000)
- Receivables within one year -€37,065
down €37,065 (-34.4%), from €107,631 to €70,566
of which Trade receivables: -€38,087
- Provisions -€1.4m
no longer reported in 2025 (was €1.4m)
- Profit (loss) carried forward +€420,067
up €420,067 (+1,270%), from €33,065 to €453,131
- Trade debts -€54,150
down €54,150 (-95.2%), from €56,880 to €2,730
- Financial income +€489,188
up €489,188 (+1,523%), from €32,129 to €521,317
- Gross operating margin +€46,919
up €46,919 (+28.1%), from €166,982 to €213,901
- Financial charges -€16,588
down €16,588 (-15.7%), from €105,767 to €89,179
- Taxes +€4,922
up €4,922 (+47.0%), from €10,483 to €15,405
- Other operating charges +€2,969
up €2,969 (+307%), from €968 to €3,937
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 | €2,064,394 | €1,020,561 | -€1.0m | -50.6% |
| Fixed assets | 21/28 | €1,755,419 | €500,903 | -€1.3m | -71.5% |
| Tangible fixed assets | 22/27 | €519,274 | €500,783 | -€18,491 | -3.6% |
| Land and buildings | 22 | €516,156 | €498,745 | -€17,411 | -3.4% |
| Plant, machinery and equipment | 23 | €347 | €347 | = | 0.0% |
| Furniture and vehicles | 24 | €2,771 | €1,691 | -€1,080 | -39.0% |
| Financial fixed assets | 28 | €1,236,145 | €120 | -€1.2m | -100.0% |
| Current assets | 29/58 | €308,975 | €519,658 | +€210,683 | +68.2% |
| Amounts receivable within one year | 40/41 | €107,631 | €70,566 | -€37,065 | -34.4% |
| Trade receivables | 40 | €48,324 | €10,237 | -€38,087 | -78.8% |
| Other amounts receivable | 41 | €59,307 | €60,329 | +€1,022 | +1.7% |
| Current investments | 50/53 | €50,000 | - | -€50,000 | |
| Cash at bank and in hand | 54/58 | €67,166 | €449,092 | +€381,925 | +569% |
| Deferred charges and accrued income | 490/1 | €84,178 | - | -€84,178 | |
| Total equity and liabilities | 10/49 | €2,064,394 | €1,020,561 | -€1.0m | -50.6% |
| Equity | 10/15 | €49,294 | €469,361 | +€420,067 | +852% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €3,730 | €3,730 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,870 | €1,870 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,065 | €453,131 | +€420,067 | +1,270% |
| Provisions and deferred taxes | 16 | €1,373,638 | - | -€1.4m | |
| Provisions for liabilities and charges | 160/5 | €1,373,638 | - | -€1.4m | |
| Other liabilities and charges | 164/5 | €1,373,638 | - | -€1.4m | |
| Amounts payable | 17/49 | €641,461 | €551,200 | -€90,261 | -14.1% |
| Amounts payable after more than one year | 17 | €277,610 | €259,259 | -€18,351 | -6.6% |
| Financial debts | 170/4 | €277,610 | €259,259 | -€18,351 | -6.6% |
| Amounts payable within one year | 42/48 | €360,061 | €289,920 | -€70,140 | -19.5% |
| Current portion of amounts payable after more than one year | 42 | €19,501 | €19,870 | +€369 | +1.9% |
| Financial debts | 43 | €193,000 | €193,000 | = | 0.0% |
| Credit institutions | 430/8 | €193,000 | €193,000 | = | 0.0% |
| Trade debts | 44 | €56,880 | €2,730 | -€54,150 | -95.2% |
| Suppliers | 440/4 | €56,880 | €2,730 | -€54,150 | -95.2% |
| Taxes, remuneration and social security | 45 | €33,404 | €28,779 | -€4,625 | -13.8% |
| Taxes | 450/3 | €33,404 | €28,779 | -€4,625 | -13.8% |
| Other amounts payable | 47/48 | €57,276 | €45,542 | -€11,734 | -20.5% |
| Accrued charges and deferred income | 492/3 | €3,790 | €2,020 | -€1,770 | -46.7% |
| Non-recurring operating income | 76A | €4,888 | €29,329 | +€24,441 | +500% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,000 | €18,491 | -€509 | -2.7% |
| Other operating charges | 640/8 | €968 | €3,937 | +€2,969 | +307% |
| Non-recurring operating charges | 66A | €44 | €45,139 | +€45,095 | +101,886% |
| Gross operating margin | 9900 | €166,982 | €213,901 | +€46,919 | +28.1% |
| Operating profit (loss) | 9901 | €146,970 | €146,334 | -€636 | -0.4% |
| Financial income | 75/76B | €32,129 | €521,317 | +€489,188 | +1,523% |
| Recurring financial income | 75 | €32,129 | €521,317 | +€489,188 | +1,523% |
| Financial charges | 65/66B | €105,767 | €89,179 | -€16,588 | -15.7% |
| Recurring financial charges | 65 | €105,767 | €89,179 | -€16,588 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | €73,332 | €578,472 | +€505,140 | +689% |
| Income taxes | 67/77 | €10,483 | €15,405 | +€4,922 | +47.0% |
| Profit (loss) for the period | 9904 | €62,849 | €563,067 | +€500,217 | +796% |
| Profit (loss) for the period to be appropriated | 9905 | €62,849 | €563,067 | +€500,217 | +796% |
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 20 October 2026 via checked.be.