VLR CONSULT: what changed
Two fiscal 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.
VLR CONSULT
Largest movements
- Receivables within one year +€14,872
up €14,872 (+15.7%), from €94,554 to €109,426
of which Other amounts receivable: +€32,986
- Cash +€2,784
up €2,784 (+23.4%), from €11,895 to €14,679
mainly Trade debts (+€14,348) and Net result for the year (+€10,196)
- Trade debts +€14,348
new in 2025: €14,348
- Profit (loss) carried forward +€10,196
up €10,196 (+14.4%), from €70,968 to €81,164
- Tax, wage and social debts -€7,620
down €7,620 (-22.4%), from €33,970 to €26,350
- Gross operating margin -€27,402
down €27,402 (-61.7%), from €44,415 to €17,013
- Turnover -€24,295
down €24,295 (-17.6%), from €137,995 to €113,700
- Taxes -€7,392
down €7,392 (-62.4%), from €11,850 to €4,458
- Purchases and services +€2,853
up €2,853 (+2.7%), from €106,020 to €108,873
- Financial charges +€1,602
up €1,602 (+48.2%), from €3,321 to €4,923
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.
Cash bridge derived
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 | €107,746 | €124,669 | +€16,924 | +15.7% |
| Fixed assets | 21/28 | €1,273 | €564 | -€710 | -55.7% |
| Tangible fixed assets | 22/27 | €1,273 | €564 | -€710 | -55.7% |
| Plant, machinery and equipment | 23 | €1,273 | €564 | -€710 | -55.7% |
| Current assets | 29/58 | €106,472 | €124,105 | +€17,633 | +16.6% |
| Amounts receivable within one year | 40/41 | €94,554 | €109,426 | +€14,872 | +15.7% |
| Trade receivables | 40 | €18,113 | - | -€18,113 | |
| Other amounts receivable | 41 | €76,440 | €109,426 | +€32,986 | +43.2% |
| Cash at bank and in hand | 54/58 | €11,895 | €14,679 | +€2,784 | +23.4% |
| Deferred charges and accrued income | 490/1 | €24 | - | -€24 | |
| Total equity and liabilities | 10/49 | €107,746 | €124,669 | +€16,924 | +15.7% |
| Equity | 10/15 | €73,775 | €83,972 | +€10,196 | +13.8% |
| Contributions | 10/11 | €2,807 | €2,807 | = | 0.0% |
| Profit (loss) carried forward | 14 | €70,968 | €81,164 | +€10,196 | +14.4% |
| Amounts payable | 17/49 | €33,970 | €40,698 | +€6,728 | +19.8% |
| Amounts payable within one year | 42/48 | €33,970 | €40,698 | +€6,728 | +19.8% |
| Trade debts | 44 | - | €14,348 | +€14,348 | |
| Suppliers | 440/4 | - | €14,348 | +€14,348 | |
| Taxes, remuneration and social security | 45 | €33,970 | €26,350 | -€7,620 | -22.4% |
| Taxes | 450/3 | €33,970 | €26,350 | -€7,620 | -22.4% |
| Turnover | 70 | €137,995 | €113,700 | -€24,295 | -17.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €106,020 | €108,873 | +€2,853 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,330 | €710 | -€621 | -46.7% |
| Other operating charges | 640/8 | €511 | €1,760 | +€1,249 | +244.3% |
| Gross operating margin | 9900 | €44,415 | €17,013 | -€27,402 | -61.7% |
| Operating profit (loss) | 9901 | €42,573 | €14,543 | -€28,030 | -65.8% |
| Financial income | 75/76B | €3,942 | €5,034 | +€1,092 | +27.7% |
| Recurring financial income | 75 | €3,942 | €5,034 | +€1,092 | +27.7% |
| Financial charges | 65/66B | €3,321 | €4,923 | +€1,602 | +48.2% |
| Recurring financial charges | 65 | €3,321 | €4,923 | +€1,602 | +48.2% |
| Profit (loss) for the period before taxes | 9903 | €43,194 | €14,654 | -€28,540 | -66.1% |
| Income taxes | 67/77 | €11,850 | €4,458 | -€7,392 | -62.4% |
| Profit (loss) for the period | 9904 | €31,344 | €10,196 | -€21,148 | -67.5% |
| Profit (loss) for the period to be appropriated | 9905 | €31,344 | €10,196 | -€21,148 | -67.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.