VN Consulting & Management: 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 Consulting & Management
Largest movements
- Receivables after one year -€695,000
down €695,000 (-94.6%), from €735,000 to €40,000
- Receivables within one year +€247,063
up €247,063 (+474%), from €52,139 to €299,202
of which Trade receivables: +€247,746
- Current investments +€23,939
up €23,939 (+19.2%), from €124,567 to €148,506
- Reserves -€707,734
down €707,734 (-59.2%), from €1.2m to €487,560
- Other debts +€197,449
up €197,449 (+4,329%), from €4,561 to €202,010
- Tax, wage and social debts +€39,343
up €39,343 (+327%), from €12,026 to €51,368
- Debts after one year +€30,146
up €30,146 (+54.1%), from €55,733 to €85,879
- Gross operating margin +€244,607
up €244,607 (+140%), from €174,205 to €418,812
- Financial charges +€40,385
up €40,385 (+55.3%), from €73,088 to €113,473
- Depreciation +€30,801
up €30,801 (+109%), from €28,252 to €59,053
- Other operating charges -€26,325
down €26,325 (-81.0%), from €32,505 to €6,180
- Taxes +€26,245
up €26,245 (+65.8%), from €39,907 to €66,152
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 | €1,315,317 | €886,283 | -€429,034 | -32.6% |
| Fixed assets | 21/28 | €389,270 | €393,896 | +€4,625 | +1.2% |
| Tangible fixed assets | 22/27 | €389,270 | €393,896 | +€4,625 | +1.2% |
| Plant, machinery and equipment | 23 | €2,861 | €6,370 | +€3,509 | +123% |
| Furniture and vehicles | 24 | €4,883 | €2,930 | -€1,953 | -40.0% |
| Leasing and similar rights | 25 | €79,339 | €115,238 | +€35,899 | +45.2% |
| Other tangible fixed assets | 26 | €302,188 | €269,358 | -€32,830 | -10.9% |
| Current assets | 29/58 | €926,047 | €492,387 | -€433,660 | -46.8% |
| Amounts receivable after more than one year | 29 | €735,000 | €40,000 | -€695,000 | -94.6% |
| Other amounts receivable | 291 | €735,000 | €40,000 | -€695,000 | -94.6% |
| Amounts receivable within one year | 40/41 | €52,139 | €299,202 | +€247,063 | +474% |
| Trade receivables | 40 | €43,988 | €291,734 | +€247,746 | +563% |
| Other amounts receivable | 41 | €8,151 | €7,469 | -€683 | -8.4% |
| Current investments | 50/53 | €124,567 | €148,506 | +€23,939 | +19.2% |
| Cash at bank and in hand | 54/58 | €6,445 | €2,688 | -€3,757 | -58.3% |
| Deferred charges and accrued income | 490/1 | €7,896 | €1,991 | -€5,905 | -74.8% |
| Total equity and liabilities | 10/49 | €1,315,317 | €886,283 | -€429,034 | -32.6% |
| Equity | 10/15 | €1,208,494 | €500,760 | -€707,734 | -58.6% |
| Contributions | 10/11 | €13,200 | €13,200 | = | 0.0% |
| Reserves | 13 | €1,195,294 | €487,560 | -€707,734 | -59.2% |
| Distributable reserves | 133 | €1,195,294 | €487,560 | -€707,734 | -59.2% |
| Amounts payable | 17/49 | €106,824 | €385,523 | +€278,699 | +261% |
| Amounts payable after more than one year | 17 | €55,733 | €85,879 | +€30,146 | +54.1% |
| Financial debts | 170/4 | €55,733 | €85,879 | +€30,146 | +54.1% |
| Amounts payable within one year | 42/48 | €51,028 | €299,644 | +€248,616 | +487% |
| Current portion of amounts payable after more than one year | 42 | €23,141 | €27,337 | +€4,196 | +18.1% |
| Trade debts | 44 | €11,300 | €18,928 | +€7,628 | +67.5% |
| Suppliers | 440/4 | €11,300 | €18,928 | +€7,628 | +67.5% |
| Taxes, remuneration and social security | 45 | €12,026 | €51,368 | +€39,343 | +327% |
| Taxes | 450/3 | €12,026 | €51,368 | +€39,343 | +327% |
| Other amounts payable | 47/48 | €4,561 | €202,010 | +€197,449 | +4,329% |
| Accrued charges and deferred income | 492/3 | €62 | - | -€62 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,252 | €59,053 | +€30,801 | +109% |
| Other operating charges | 640/8 | €32,505 | €6,180 | -€26,325 | -81.0% |
| Gross operating margin | 9900 | €174,205 | €418,812 | +€244,607 | +140% |
| Operating profit (loss) | 9901 | €113,448 | €353,579 | +€240,131 | +212% |
| Financial income | 75/76B | €16,606 | €8,312 | -€8,293 | -49.9% |
| Recurring financial income | 75 | €16,606 | €8,312 | -€8,293 | -49.9% |
| Financial charges | 65/66B | €73,088 | €113,473 | +€40,385 | +55.3% |
| Recurring financial charges | 65 | €73,088 | €113,473 | +€40,385 | +55.3% |
| Profit (loss) for the period before taxes | 9903 | €56,966 | €248,418 | +€191,452 | +336% |
| Income taxes | 67/77 | €39,907 | €66,152 | +€26,245 | +65.8% |
| Profit (loss) for the period | 9904 | €17,059 | €182,266 | +€165,207 | +968% |
| Profit (loss) for the period to be appropriated | 9905 | €17,059 | €182,266 | +€165,207 | +968% |
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 17 October 2026 via checked.be.