vnh 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.
vnh Consulting
Largest movements
- Current investments -€75,000
no longer reported in 2025 (was €75,000)
- Cash +€56,212
up €56,212 (+163%), from €34,488 to €90,700
mainly Current investments (+€75,000) and Investment in fixed assets (net) (+€8,253)
- Receivables within one year +€15,780
up €15,780 (+39.9%), from €39,557 to €55,338
of which Trade receivables: +€20,693
- Tangible fixed assets -€11,815
down €11,815 (-74.1%), from €15,938 to €4,124
of which Furniture and vehicles: -€10,222
- Profit (loss) carried forward -€4,919
down €4,919, from €1,005 to -€3,913
- Short-term financial debts -€4,206
down €4,206 (-89.2%), from €4,713 to €507
- Current portion of long-term debt -€3,957
no longer reported in 2025 (was €3,957)
- Tax, wage and social debts -€2,697
down €2,697 (-38.0%), from €7,094 to €4,398
- Trade debts +€2,302
up €2,302 (+114%), from €2,019 to €4,321
- Gross operating margin -€105,505
down €105,505, from €104,014 to -€1,492
- Staff costs -€55,145
down €55,145, from €55,054 to -€91
- Taxes -€13,166
down €13,166 (-99.4%), from €13,249 to €83
- Depreciation -€4,883
down €4,883 (-57.8%), from €8,444 to €3,561
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 | €165,134 | €150,312 | -€14,822 | -9.0% |
| Fixed assets | 21/28 | €16,088 | €4,274 | -€11,815 | -73.4% |
| Tangible fixed assets | 22/27 | €15,938 | €4,124 | -€11,815 | -74.1% |
| Plant, machinery and equipment | 23 | €3,035 | €1,443 | -€1,593 | -52.5% |
| Furniture and vehicles | 24 | €12,903 | €2,681 | -€10,222 | -79.2% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €149,046 | €146,038 | -€3,008 | -2.0% |
| Amounts receivable within one year | 40/41 | €39,557 | €55,338 | +€15,780 | +39.9% |
| Trade receivables | 40 | €17,347 | €38,040 | +€20,693 | +119% |
| Other amounts receivable | 41 | €22,211 | €17,298 | -€4,913 | -22.1% |
| Current investments | 50/53 | €75,000 | - | -€75,000 | |
| Cash at bank and in hand | 54/58 | €34,488 | €90,700 | +€56,212 | +163% |
| Total equity and liabilities | 10/49 | €165,134 | €150,312 | -€14,822 | -9.0% |
| Equity | 10/15 | €146,005 | €141,087 | -€4,919 | -3.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | - | -€20,000 | |
| Issued capital | 100 | €20,000 | - | -€20,000 | |
| Reserves | 13 | €125,000 | €125,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Legal reserve | 130 | €2,000 | - | -€2,000 | |
| Reserves not available under the articles | 1311 | - | €2,000 | +€2,000 | |
| Distributable reserves | 133 | €123,000 | €123,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,005 | -€3,913 | -€4,919 | |
| Amounts payable | 17/49 | €19,129 | €9,225 | -€9,904 | -51.8% |
| Amounts payable after more than one year | 17 | €1,346 | - | -€1,346 | |
| Financial debts | 170/4 | €1,346 | - | -€1,346 | |
| Amounts payable within one year | 42/48 | €17,783 | €9,225 | -€8,558 | -48.1% |
| Current portion of amounts payable after more than one year | 42 | €3,957 | - | -€3,957 | |
| Financial debts | 43 | €4,713 | €507 | -€4,206 | -89.2% |
| Credit institutions | 430/8 | €4,713 | €507 | -€4,206 | -89.2% |
| Trade debts | 44 | €2,019 | €4,321 | +€2,302 | +114% |
| Suppliers | 440/4 | €2,019 | €4,321 | +€2,302 | +114% |
| Taxes, remuneration and social security | 45 | €7,094 | €4,398 | -€2,697 | -38.0% |
| Taxes | 450/3 | €7,094 | €4,398 | -€2,697 | -38.0% |
| Non-recurring operating income | 76A | €7,463 | €5,747 | -€1,716 | -23.0% |
| Remuneration, social security and pensions | 62 | €55,054 | -€91 | -€55,145 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,444 | €3,561 | -€4,883 | -57.8% |
| Other operating charges | 640/8 | €687 | €650 | -€37 | -5.4% |
| Gross operating margin | 9900 | €104,014 | -€1,492 | -€105,505 | |
| Operating profit (loss) | 9901 | €39,828 | -€5,612 | -€45,441 | |
| Financial income | 75/76B | €634 | €1,674 | +€1,040 | +164% |
| Recurring financial income | 75 | €634 | €1,674 | +€1,040 | +164% |
| Financial charges | 65/66B | €823 | €898 | +€75 | +9.1% |
| Recurring financial charges | 65 | €823 | €898 | +€75 | +9.1% |
| Profit (loss) for the period before taxes | 9903 | €39,639 | -€4,836 | -€44,475 | |
| Income taxes | 67/77 | €13,249 | €83 | -€13,166 | -99.4% |
| Profit (loss) for the period | 9904 | €26,391 | -€4,919 | -€31,309 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,391 | -€4,919 | -€31,309 |
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 29 October 2026 via checked.be.