VLT 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.
VLT CONSULTING
Largest movements
- Receivables after one year -€47,666
down €47,666 (-100%), from €47,666 to €0
- Tangible fixed assets -€32,700
down €32,700 (-5.8%), from €566,671 to €533,972
of which Plant, machinery and equipment: -€17,005
- Cash -€18,555
down €18,555 (-71.7%), from €25,885 to €7,330
mainly Contributions, distributions and other (-€121,138) and Debts after one year (-€86,202)
- Debts after one year -€86,202
down €86,202 (-37.6%), from €229,480 to €143,278
- Reserves -€37,770
down €37,770 (-5.3%), from €707,496 to €669,726
- Trade debts +€15,758
up €15,758 (+408%), from €3,859 to €19,617
- Gross operating margin -€48,130
down €48,130 (-18.7%), from €257,757 to €209,626
- Financial income +€8,108
up €8,108 (+62.0%), from €13,085 to €21,193
- Financial charges +€4,369
up €4,369 (+100%), from €4,355 to €8,724
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 | €1,099,786 | €993,226 | -€106,560 | -9.7% |
| Fixed assets | 21/28 | €567,881 | €535,182 | -€32,700 | -5.8% |
| Tangible fixed assets | 22/27 | €566,671 | €533,972 | -€32,700 | -5.8% |
| Land and buildings | 22 | €401,264 | €395,129 | -€6,136 | -1.5% |
| Plant, machinery and equipment | 23 | €73,871 | €56,867 | -€17,005 | -23.0% |
| Furniture and vehicles | 24 | €5,041 | €4,611 | -€429 | -8.5% |
| Other tangible fixed assets | 26 | €86,495 | €77,365 | -€9,130 | -10.6% |
| Financial fixed assets | 28 | €1,210 | €1,210 | = | 0.0% |
| Current assets | 29/58 | €531,905 | €458,044 | -€73,861 | -13.9% |
| Amounts receivable after more than one year | 29 | €47,666 | €0 | -€47,666 | -100% |
| Other amounts receivable | 291 | €47,666 | €0 | -€47,666 | -100% |
| Amounts receivable within one year | 40/41 | €455,107 | €444,899 | -€10,208 | -2.2% |
| Trade receivables | 40 | €27,978 | €29,495 | +€1,517 | +5.4% |
| Other amounts receivable | 41 | €427,128 | €415,404 | -€11,725 | -2.7% |
| Cash at bank and in hand | 54/58 | €25,885 | €7,330 | -€18,555 | -71.7% |
| Deferred charges and accrued income | 490/1 | €3,247 | €5,815 | +€2,568 | +79.1% |
| Total equity and liabilities | 10/49 | €1,099,786 | €993,226 | -€106,560 | -9.7% |
| Equity | 10/15 | €713,696 | €675,926 | -€37,770 | -5.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €707,496 | €669,726 | -€37,770 | -5.3% |
| Distributable reserves | 133 | €707,496 | €669,726 | -€37,770 | -5.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €386,090 | €317,300 | -€68,790 | -17.8% |
| Amounts payable after more than one year | 17 | €229,480 | €143,278 | -€86,202 | -37.6% |
| Financial debts | 170/4 | €229,480 | €143,278 | -€86,202 | -37.6% |
| Amounts payable within one year | 42/48 | €156,610 | €174,022 | +€17,412 | +11.1% |
| Current portion of amounts payable after more than one year | 42 | €84,628 | €86,202 | +€1,574 | +1.9% |
| Financial debts | 43 | - | €10,000 | +€10,000 | |
| Other loans | 439 | - | €10,000 | +€10,000 | |
| Trade debts | 44 | €3,859 | €19,617 | +€15,758 | +408% |
| Suppliers | 440/4 | €3,859 | €19,617 | +€15,758 | +408% |
| Taxes, remuneration and social security | 45 | €68,124 | €58,203 | -€9,921 | -14.6% |
| Taxes | 450/3 | €61,068 | €42,531 | -€18,537 | -30.4% |
| Remuneration and social security | 454/9 | €7,056 | €15,672 | +€8,616 | +122% |
| Non-recurring operating income | 76A | €413 | €0 | -€413 | -100% |
| Remuneration, social security and pensions | 62 | €65,476 | €67,790 | +€2,314 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,779 | €40,695 | -€84 | -0.2% |
| Other operating charges | 640/8 | €4,855 | €4,047 | -€808 | -16.6% |
| Non-recurring operating charges | 66A | €41,513 | €0 | -€41,513 | -100% |
| Gross operating margin | 9900 | €257,757 | €209,626 | -€48,130 | -18.7% |
| Operating profit (loss) | 9901 | €105,134 | €97,095 | -€8,039 | -7.6% |
| Financial income | 75/76B | €13,085 | €21,193 | +€8,108 | +62.0% |
| Recurring financial income | 75 | €13,085 | €21,193 | +€8,108 | +62.0% |
| Financial charges | 65/66B | €4,355 | €8,724 | +€4,369 | +100% |
| Recurring financial charges | 65 | €4,355 | €8,724 | +€4,369 | +100% |
| Profit (loss) for the period before taxes | 9903 | €113,863 | €109,563 | -€4,300 | -3.8% |
| Income taxes | 67/77 | €27,995 | €26,196 | -€1,800 | -6.4% |
| Profit (loss) for the period | 9904 | €85,868 | €83,368 | -€2,500 | -2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €85,868 | €83,368 | -€2,500 | -2.9% |
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.