VNB Consultancy: 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.
VNB Consultancy
Largest movements
- Tangible fixed assets -€18,482
down €18,482 (-3.5%), from €534,560 to €516,078
of which Land and buildings: -€12,145
- Cash -€6,988
down €6,988 (-22.5%), from €31,036 to €24,048
mainly Contributions, distributions and other (-€40,000) and Debts after one year (-€38,466)
- Debts after one year -€38,466
down €38,466 (-10.6%), from €362,715 to €324,249
- Other debts +€16,168
up €16,168 (+11.8%), from €136,678 to €152,846
- Reserves +€8,541
up €8,541, from €0 to €8,541
- Financial charges -€5,553
down €5,553 (-51.2%), from €10,855 to €5,302
- Gross operating margin -€1,090
down €1,090 (-1.1%), from €97,718 to €96,629
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 | €579,924 | €558,131 | -€21,793 | -3.8% |
| Fixed assets | 21/28 | €534,560 | €516,078 | -€18,482 | -3.5% |
| Tangible fixed assets | 22/27 | €534,560 | €516,078 | -€18,482 | -3.5% |
| Land and buildings | 22 | €495,991 | €483,846 | -€12,145 | -2.4% |
| Furniture and vehicles | 24 | €38,569 | €32,232 | -€6,337 | -16.4% |
| Current assets | 29/58 | €45,363 | €42,052 | -€3,311 | -7.3% |
| Amounts receivable within one year | 40/41 | €13,014 | €15,490 | +€2,477 | +19.0% |
| Trade receivables | 40 | €13,014 | €15,222 | +€2,208 | +17.0% |
| Other amounts receivable | 41 | - | €268 | +€268 | |
| Cash at bank and in hand | 54/58 | €31,036 | €24,048 | -€6,988 | -22.5% |
| Deferred charges and accrued income | 490/1 | €1,313 | €2,514 | +€1,200 | +91.4% |
| Total equity and liabilities | 10/49 | €579,924 | €558,131 | -€21,793 | -3.8% |
| Equity | 10/15 | €18,600 | €27,141 | +€8,541 | +45.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €0 | €8,541 | +€8,541 | |
| Distributable reserves | 133 | €0 | €8,541 | +€8,541 | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €561,324 | €530,990 | -€30,334 | -5.4% |
| Amounts payable after more than one year | 17 | €362,715 | €324,249 | -€38,466 | -10.6% |
| Financial debts | 170/4 | €362,715 | €324,249 | -€38,466 | -10.6% |
| Amounts payable within one year | 42/48 | €192,732 | €205,614 | +€12,881 | +6.7% |
| Current portion of amounts payable after more than one year | 42 | €37,821 | €38,466 | +€645 | +1.7% |
| Trade debts | 44 | €1,312 | €1,561 | +€248 | +18.9% |
| Suppliers | 440/4 | €1,312 | €1,561 | +€248 | +18.9% |
| Taxes, remuneration and social security | 45 | €16,921 | €12,741 | -€4,180 | -24.7% |
| Taxes | 450/3 | €14,121 | €9,941 | -€4,180 | -29.6% |
| Remuneration and social security | 454/9 | €2,800 | €2,800 | = | 0.0% |
| Other amounts payable | 47/48 | €136,678 | €152,846 | +€16,168 | +11.8% |
| Accrued charges and deferred income | 492/3 | €5,876 | €1,127 | -€4,749 | -80.8% |
| Non-recurring operating income | 76A | - | €1,353 | +€1,353 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,012 | €25,930 | +€919 | +3.7% |
| Other operating charges | 640/8 | €3,240 | €3,570 | +€331 | +10.2% |
| Gross operating margin | 9900 | €97,718 | €96,629 | -€1,090 | -1.1% |
| Operating profit (loss) | 9901 | €69,467 | €67,128 | -€2,339 | -3.4% |
| Financial income | 75/76B | €15 | €2 | -€13 | -86.7% |
| Recurring financial income | 75 | €15 | €2 | -€13 | -86.7% |
| Financial charges | 65/66B | €10,855 | €5,302 | -€5,553 | -51.2% |
| Recurring financial charges | 65 | €10,855 | €5,302 | -€5,553 | -51.2% |
| Profit (loss) for the period before taxes | 9903 | €58,627 | €61,828 | +€3,201 | +5.5% |
| Income taxes | 67/77 | €12,543 | €13,287 | +€744 | +5.9% |
| Profit (loss) for the period | 9904 | €46,084 | €48,541 | +€2,457 | +5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €46,084 | €48,541 | +€2,457 | +5.3% |
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 11 October 2026 via checked.be.