VN Consult: 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.
VN Consult
Largest movements
- Receivables within one year -€56,708
down €56,708 (-80.8%), from €70,217 to €13,509
of which Other amounts receivable: -€33,714
- Cash +€41,698
up €41,698 (+1,079%), from €3,866 to €45,564
mainly Debts after one year (+€70,000) and Receivables within one year (+€56,708)
- Deferred charges and accrued income +€3,839
up €3,839 (+1,446%), from €266 to €4,104
- Debts after one year +€70,000
new in 2025: €70,000
- Other debts -€57,760
down €57,760 (-21.7%), from €266,332 to €208,572
- Reserves -€24,387
down €24,387 (-27.4%), from €88,903 to €64,516
of which Distributable reserves: -€24,387
- Gross operating margin +€28,058
up €28,058 (+65.2%), from €43,053 to €71,110
- Taxes +€7,882
up €7,882 (+60.5%), from €13,036 to €20,917
- Other operating charges -€910
down €910 (-59.9%), from €1,518 to €608
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 | €376,587 | €365,140 | -€11,447 | -3.0% |
| Fixed assets | 21/28 | €302,239 | €301,963 | -€275 | -0.1% |
| Tangible fixed assets | 22/27 | €6,272 | €5,996 | -€275 | -4.4% |
| Land and buildings | 22 | €6,272 | €5,996 | -€275 | -4.4% |
| Financial fixed assets | 28 | €295,967 | €295,967 | = | 0.0% |
| Current assets | 29/58 | €74,348 | €63,177 | -€11,171 | -15.0% |
| Amounts receivable within one year | 40/41 | €70,217 | €13,509 | -€56,708 | -80.8% |
| Trade receivables | 40 | €35,410 | €12,416 | -€22,994 | -64.9% |
| Other amounts receivable | 41 | €34,807 | €1,093 | -€33,714 | -96.9% |
| Cash at bank and in hand | 54/58 | €3,866 | €45,564 | +€41,698 | +1,079% |
| Deferred charges and accrued income | 490/1 | €266 | €4,104 | +€3,839 | +1,446% |
| Total equity and liabilities | 10/49 | €376,587 | €365,140 | -€11,447 | -3.0% |
| Equity | 10/15 | €90,903 | €66,516 | -€24,387 | -26.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €88,903 | €64,516 | -€24,387 | -27.4% |
| Non-distributable reserves | 130/1 | €15,719 | €15,719 | = | 0.0% |
| Reserves not available under the articles | 1311 | €15,719 | €15,719 | = | 0.0% |
| Distributable reserves | 133 | €73,183 | €48,797 | -€24,387 | -33.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €285,684 | €298,624 | +€12,940 | +4.5% |
| Amounts payable after more than one year | 17 | - | €70,000 | +€70,000 | |
| Other amounts payable | 178/9 | - | €70,000 | +€70,000 | |
| Amounts payable within one year | 42/48 | €285,684 | €228,624 | -€57,060 | -20.0% |
| Trade debts | 44 | €1,308 | €1,448 | +€141 | +10.7% |
| Suppliers | 440/4 | €1,308 | €1,448 | +€141 | +10.7% |
| Taxes, remuneration and social security | 45 | €18,044 | €18,604 | +€560 | +3.1% |
| Taxes | 450/3 | €18,044 | €18,604 | +€560 | +3.1% |
| Other amounts payable | 47/48 | €266,332 | €208,572 | -€57,760 | -21.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €217 | €275 | +€58 | +26.8% |
| Other operating charges | 640/8 | €1,518 | €608 | -€910 | -59.9% |
| Gross operating margin | 9900 | €43,053 | €71,110 | +€28,058 | +65.2% |
| Operating profit (loss) | 9901 | €41,317 | €70,227 | +€28,910 | +70.0% |
| Financial income | 75/76B | €460 | €0 | -€460 | -100% |
| Recurring financial income | 75 | €460 | €0 | -€460 | -100% |
| Financial charges | 65/66B | €1,052 | €513 | -€540 | -51.3% |
| Recurring financial charges | 65 | €1,052 | €513 | -€540 | -51.3% |
| Profit (loss) for the period before taxes | 9903 | €40,725 | €69,714 | +€28,989 | +71.2% |
| Income taxes | 67/77 | €13,036 | €20,917 | +€7,882 | +60.5% |
| Profit (loss) for the period | 9904 | €27,689 | €48,797 | +€21,107 | +76.2% |
| Profit (loss) for the period to be appropriated | 9905 | €27,689 | €48,797 | +€21,107 | +76.2% |
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 19 October 2026 via checked.be.