VNM 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.
VNM CONSULT
Largest movements
- Cash +€22,939
up €22,939 (+47.2%), from €48,566 to €71,504
mainly Net result for the year (+€32,313) and Receivables within one year (+€3,580)
- Tangible fixed assets +€7,285
up €7,285 (+862%), from €845 to €8,130
of which Other tangible fixed assets: +€4,478
- Receivables within one year -€3,580
down €3,580 (-8.6%), from €41,619 to €38,039
of which Trade receivables: -€12,187
- Deferred charges and accrued income +€2,008
up €2,008 (+217%), from €925 to €2,934
- Profit (loss) carried forward +€32,313
up €32,313 (+54.7%), from €59,091 to €91,405
- Tax, wage and social debts -€6,899
down €6,899 (-26.4%), from €26,088 to €19,190
- Trade debts +€2,136
up €2,136 (+120%), from €1,779 to €3,915
- Gross operating margin -€6,708
down €6,708 (-12.1%), from €55,553 to €48,845
- Other operating charges -€4,692
down €4,692 (-81.8%), from €5,734 to €1,042
- Taxes +€3,063
up €3,063 (+38.6%), from €7,924 to €10,987
- Financial charges +€1,515
up €1,515 (+65.5%), from €2,313 to €3,827
- Depreciation +€1,291
up €1,291 (+277%), from €467 to €1,758
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 | €91,955 | €120,607 | +€28,652 | +31.2% |
| Fixed assets | 21/28 | €845 | €8,130 | +€7,285 | +862% |
| Tangible fixed assets | 22/27 | €845 | €8,130 | +€7,285 | +862% |
| Plant, machinery and equipment | 23 | - | €1,588 | +€1,588 | |
| Furniture and vehicles | 24 | €845 | €378 | -€467 | -55.2% |
| Leasing and similar rights | 25 | €0 | €1,686 | +€1,686 | |
| Other tangible fixed assets | 26 | - | €4,478 | +€4,478 | |
| Current assets | 29/58 | €91,110 | €112,477 | +€21,367 | +23.5% |
| Amounts receivable within one year | 40/41 | €41,619 | €38,039 | -€3,580 | -8.6% |
| Trade receivables | 40 | €26,556 | €14,369 | -€12,187 | -45.9% |
| Other amounts receivable | 41 | €15,063 | €23,670 | +€8,608 | +57.1% |
| Cash at bank and in hand | 54/58 | €48,566 | €71,504 | +€22,939 | +47.2% |
| Deferred charges and accrued income | 490/1 | €925 | €2,934 | +€2,008 | +217% |
| Total equity and liabilities | 10/49 | €91,955 | €120,607 | +€28,652 | +31.2% |
| Equity | 10/15 | €63,091 | €95,405 | +€32,313 | +51.2% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,091 | €91,405 | +€32,313 | +54.7% |
| Amounts payable | 17/49 | €28,864 | €25,203 | -€3,661 | -12.7% |
| Amounts payable after more than one year | 17 | €0 | €981 | +€981 | |
| Financial debts | 170/4 | €0 | €981 | +€981 | |
| Amounts payable within one year | 42/48 | €28,864 | €24,221 | -€4,642 | -16.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | €654 | +€654 | |
| Financial debts | 43 | €163 | €463 | +€299 | +183% |
| Credit institutions | 430/8 | €163 | €463 | +€299 | +183% |
| Trade debts | 44 | €1,779 | €3,915 | +€2,136 | +120% |
| Suppliers | 440/4 | €1,779 | €3,915 | +€2,136 | +120% |
| Taxes, remuneration and social security | 45 | €26,088 | €19,190 | -€6,899 | -26.4% |
| Taxes | 450/3 | €26,088 | €19,190 | -€6,899 | -26.4% |
| Other amounts payable | 47/48 | €833 | €0 | -€833 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €467 | €1,758 | +€1,291 | +277% |
| Other operating charges | 640/8 | €5,734 | €1,042 | -€4,692 | -81.8% |
| Non-recurring operating charges | 66A | €13,907 | €0 | -€13,907 | -100% |
| Gross operating margin | 9900 | €55,553 | €48,845 | -€6,708 | -12.1% |
| Operating profit (loss) | 9901 | €35,445 | €46,045 | +€10,600 | +29.9% |
| Financial income | 75/76B | €668 | €1,082 | +€414 | +61.9% |
| Recurring financial income | 75 | €668 | €1,082 | +€414 | +61.9% |
| Financial charges | 65/66B | €2,313 | €3,827 | +€1,515 | +65.5% |
| Recurring financial charges | 65 | €2,313 | €3,827 | +€1,515 | +65.5% |
| Profit (loss) for the period before taxes | 9903 | €33,801 | €43,300 | +€9,499 | +28.1% |
| Income taxes | 67/77 | €7,924 | €10,987 | +€3,063 | +38.6% |
| Profit (loss) for the period | 9904 | €25,877 | €32,313 | +€6,436 | +24.9% |
| Profit (loss) for the period to be appropriated | 9905 | €25,877 | €32,313 | +€6,436 | +24.9% |
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.