VO Consult: what changed
VO Consult
Largest movements
- Receivables within one year +€20,213
up €20,213 (+72.7%), from €27,794 to €48,006
of which Trade receivables: +€21,995
- Tangible fixed assets -€12,165
down €12,165 (-21.9%), from €55,566 to €43,401
of which Land and buildings: -€11,847
- Cash +€9,145
up €9,145 (+146%), from €6,246 to €15,390
mainly Net result for the year (+€27,359) and Depreciation (+€12,165)
- Reserves +€27,359
up €27,359 (+94.4%), from €28,993 to €56,352
- Debts after one year -€9,022
down €9,022 (-35.1%), from €25,683 to €16,661
of which Financial debts: -€9,332
- Other debts -€4,039
down €4,039 (-96.4%), from €4,192 to €152
- Tax, wage and social debts +€2,847
up €2,847 (+107%), from €2,666 to €5,513
- Gross operating margin +€13,442
up €13,442 (+32.6%), from €41,216 to €54,658
- Taxes +€5,724
up €5,724 (+78.5%), from €7,296 to €13,021
- Other operating charges -€3,657
down €3,657 (-83.4%), from €4,385 to €727
- Financial charges -€941
down €941 (-40.4%), from €2,329 to €1,388
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €89,605 | €107,784 | +€18,179 | +20.3% |
| Fixed assets | 21/28 | €55,566 | €43,401 | -€12,165 | -21.9% |
| Tangible fixed assets | 22/27 | €55,566 | €43,401 | -€12,165 | -21.9% |
| Land and buildings | 22 | €55,248 | €43,401 | -€11,847 | -21.4% |
| Plant, machinery and equipment | 23 | €318 | €0 | -€318 | -100% |
| Current assets | 29/58 | €34,039 | €64,383 | +€30,343 | +89.1% |
| Amounts receivable within one year | 40/41 | €27,794 | €48,006 | +€20,213 | +72.7% |
| Trade receivables | 40 | €25,307 | €47,303 | +€21,995 | +86.9% |
| Other amounts receivable | 41 | €2,486 | €704 | -€1,783 | -71.7% |
| Cash at bank and in hand | 54/58 | €6,246 | €15,390 | +€9,145 | +146% |
| Deferred charges and accrued income | 490/1 | €0 | €986 | +€986 | |
| Total equity and liabilities | 10/49 | €89,605 | €107,784 | +€18,179 | +20.3% |
| Equity | 10/15 | €47,593 | €74,952 | +€27,359 | +57.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €28,993 | €56,352 | +€27,359 | +94.4% |
| Distributable reserves | 133 | €28,993 | €56,352 | +€27,359 | +94.4% |
| Amounts payable | 17/49 | €42,012 | €32,832 | -€9,180 | -21.9% |
| Amounts payable after more than one year | 17 | €25,683 | €16,661 | -€9,022 | -35.1% |
| Financial debts | 170/4 | €25,683 | €16,351 | -€9,332 | -36.3% |
| Other amounts payable | 178/9 | - | €310 | +€310 | |
| Amounts payable within one year | 42/48 | €16,329 | €16,171 | -€158 | -1.0% |
| Current portion of amounts payable after more than one year | 42 | €9,332 | €9,332 | = | 0.0% |
| Trade debts | 44 | €140 | €1,174 | +€1,034 | +738% |
| Suppliers | 440/4 | €140 | €1,174 | +€1,034 | +738% |
| Taxes, remuneration and social security | 45 | €2,666 | €5,513 | +€2,847 | +107% |
| Taxes | 450/3 | €2,666 | €5,513 | +€2,847 | +107% |
| Other amounts payable | 47/48 | €4,192 | €152 | -€4,039 | -96.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,183 | €12,165 | -€18 | -0.2% |
| Other operating charges | 640/8 | €4,385 | €727 | -€3,657 | -83.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €41,216 | €54,658 | +€13,442 | +32.6% |
| Operating profit (loss) | 9901 | €24,649 | €41,767 | +€17,118 | +69.4% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €2,329 | €1,388 | -€941 | -40.4% |
| Recurring financial charges | 65 | €2,329 | €1,388 | -€941 | -40.4% |
| Profit (loss) for the period before taxes | 9903 | €22,320 | €40,379 | +€18,059 | +80.9% |
| Income taxes | 67/77 | €7,296 | €13,021 | +€5,724 | +78.5% |
| Profit (loss) for the period | 9904 | €15,024 | €27,359 | +€12,335 | +82.1% |
| Profit (loss) for the period to be appropriated | 9905 | €15,024 | €27,359 | +€12,335 | +82.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.