VM-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.
VM-Consulting
Largest movements
- Current investments +€550,000
up €550,000 (+1000.0%), from €55,000 to €605,000
- Cash -€445,569
down €445,569 (-84.2%), from €529,205 to €83,636
mainly Current investments (-€550,000) and Receivables within one year (-€49,006)
- Receivables within one year +€49,006
up €49,006 (+37.8%), from €129,549 to €178,555
of which Other amounts receivable: +€48,609
- Reserves +€122,200
up €122,200 (+18.6%), from €655,482 to €777,681
of which Distributable reserves: +€122,200
- Tax, wage and social debts +€29,518
up €29,518 (+109.7%), from €26,910 to €56,428
- Gross operating margin +€19,467
up €19,467 (+11.6%), from €167,099 to €186,566
- Taxes +€12,589
up €12,589 (+21.2%), from €59,301 to €71,890
- Other operating charges -€4,413
down €4,413 (-66.3%), from €6,657 to €2,244
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 | €719,565 | €872,055 | +€152,489 | +21.2% |
| Fixed assets | 21/28 | €5,811 | €4,863 | -€948 | -16.3% |
| Tangible fixed assets | 22/27 | €5,811 | €4,863 | -€948 | -16.3% |
| Land and buildings | 22 | €5,811 | €4,863 | -€948 | -16.3% |
| Current assets | 29/58 | €713,754 | €867,192 | +€153,438 | +21.5% |
| Amounts receivable within one year | 40/41 | €129,549 | €178,555 | +€49,006 | +37.8% |
| Trade receivables | 40 | €1,525 | €1,923 | +€398 | +26.1% |
| Other amounts receivable | 41 | €128,024 | €176,632 | +€48,609 | +38.0% |
| Current investments | 50/53 | €55,000 | €605,000 | +€550,000 | +1000.0% |
| Cash at bank and in hand | 54/58 | €529,205 | €83,636 | -€445,569 | -84.2% |
| Total equity and liabilities | 10/49 | €719,565 | €872,055 | +€152,489 | +21.2% |
| Equity | 10/15 | €674,082 | €796,281 | +€122,200 | +18.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €655,482 | €777,681 | +€122,200 | +18.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €653,622 | €775,821 | +€122,200 | +18.7% |
| Amounts payable | 17/49 | €45,484 | €75,774 | +€30,290 | +66.6% |
| Amounts payable within one year | 42/48 | €45,484 | €75,774 | +€30,290 | +66.6% |
| Financial debts | 43 | €15,000 | €15,000 | = | 0.0% |
| Credit institutions | 430/8 | €15,000 | €15,000 | = | 0.0% |
| Trade debts | 44 | €2,740 | €3,512 | +€772 | +28.2% |
| Suppliers | 440/4 | €2,740 | €3,512 | +€772 | +28.2% |
| Taxes, remuneration and social security | 45 | €26,910 | €56,428 | +€29,518 | +109.7% |
| Taxes | 450/3 | €26,910 | €56,428 | +€29,518 | +109.7% |
| Other amounts payable | 47/48 | €833 | €833 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €948 | €948 | = | 0.0% |
| Other operating charges | 640/8 | €6,657 | €2,244 | -€4,413 | -66.3% |
| Gross operating margin | 9900 | €167,099 | €186,566 | +€19,467 | +11.6% |
| Operating profit (loss) | 9901 | €159,494 | €183,374 | +€23,880 | +15.0% |
| Financial income | 75/76B | €13,157 | €12,283 | -€874 | -6.6% |
| Recurring financial income | 75 | €13,157 | €12,283 | -€874 | -6.6% |
| Financial charges | 65/66B | €788 | €735 | -€53 | -6.7% |
| Recurring financial charges | 65 | €788 | €735 | -€53 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €171,863 | €194,922 | +€23,059 | +13.4% |
| Income taxes | 67/77 | €59,301 | €71,890 | +€12,589 | +21.2% |
| Profit (loss) for the period | 9904 | €112,562 | €123,033 | +€10,470 | +9.3% |
| Profit (loss) for the period to be appropriated | 9905 | €112,562 | €123,033 | +€10,470 | +9.3% |
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 12 October 2026 via checked.be.