VM 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.
VM CONSULT
Largest movements
- Current investments +€35,000
new in 2025: €35,000
- Cash +€9,502
up €9,502 (+31.9%), from €29,823 to €39,326
mainly Net result for the year (+€41,644) and Depreciation (+€5,692)
- Tangible fixed assets -€3,485
down €3,485 (-31.2%), from €11,184 to €7,700
- Profit (loss) carried forward +€41,644
up €41,644 (+118.8%), from €35,048 to €76,692
- Tax, wage and social debts +€1,063
up €1,063 (+19.4%), from €5,484 to €6,547
- Accrued charges and deferred income -€1,013
down €1,013 (-92.3%), from €1,097 to €84
- Gross operating margin +€9,206
up €9,206 (+18.1%), from €50,916 to €60,122
- Taxes +€2,167
up €2,167 (+20.5%), from €10,576 to €12,743
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 | €41,720 | €83,479 | +€41,759 | +100.1% |
| Fixed assets | 21/28 | €11,184 | €7,700 | -€3,485 | -31.2% |
| Tangible fixed assets | 22/27 | €11,184 | €7,700 | -€3,485 | -31.2% |
| Furniture and vehicles | 24 | €11,184 | €7,700 | -€3,485 | -31.2% |
| Current assets | 29/58 | €30,536 | €75,780 | +€45,244 | +148.2% |
| Current investments | 50/53 | - | €35,000 | +€35,000 | |
| Cash at bank and in hand | 54/58 | €29,823 | €39,326 | +€9,502 | +31.9% |
| Deferred charges and accrued income | 490/1 | €712 | €1,454 | +€742 | +104.2% |
| Total equity and liabilities | 10/49 | €41,720 | €83,479 | +€41,759 | +100.1% |
| Equity | 10/15 | €35,049 | €76,693 | +€41,644 | +118.8% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,048 | €76,692 | +€41,644 | +118.8% |
| Amounts payable | 17/49 | €6,671 | €6,786 | +€115 | +1.7% |
| Amounts payable within one year | 42/48 | €5,574 | €6,702 | +€1,128 | +20.2% |
| Trade debts | 44 | €90 | €85 | -€5 | -5.4% |
| Suppliers | 440/4 | €90 | €85 | -€5 | -5.4% |
| Taxes, remuneration and social security | 45 | €5,484 | €6,547 | +€1,063 | +19.4% |
| Taxes | 450/3 | €5,484 | €6,547 | +€1,063 | +19.4% |
| Other amounts payable | 47/48 | - | €71 | +€71 | |
| Accrued charges and deferred income | 492/3 | €1,097 | €84 | -€1,013 | -92.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,255 | €5,692 | +€436 | +8.3% |
| Gross operating margin | 9900 | €50,916 | €60,122 | +€9,206 | +18.1% |
| Operating profit (loss) | 9901 | €45,660 | €54,430 | +€8,770 | +19.2% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €38 | €43 | +€4 | +11.6% |
| Recurring financial charges | 65 | €38 | €43 | +€4 | +11.6% |
| Profit (loss) for the period before taxes | 9903 | €45,624 | €54,387 | +€8,763 | +19.2% |
| Income taxes | 67/77 | €10,576 | €12,743 | +€2,167 | +20.5% |
| Profit (loss) for the period | 9904 | €35,048 | €41,644 | +€6,596 | +18.8% |
| Profit (loss) for the period to be appropriated | 9905 | €35,048 | €41,644 | +€6,596 | +18.8% |
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 8 October 2026 via checked.be.