VO 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.
VO CONSULTING
Largest movements
- Receivables after one year +€360,855
up €360,855 (+245.8%), from €146,835 to €507,690
- Receivables within one year +€236,332
up €236,332 (+18.0%), from €1.3m to €1.6m
of which Trade receivables: +€373,548
- Cash -€102,078
down €102,078 (-13.3%), from €764,771 to €662,693
mainly Receivables after one year (-€360,855) and Contributions, distributions and other (-€300,000)
- Other debts +€420,606
up €420,606 (+210.3%), from €200,000 to €620,606
- Advances received +€316,896
new in 2025: €316,896
- Accrued charges and deferred income -€270,082
down €270,082 (-99.7%), from €270,925 to €843
- Tax, wage and social debts +€60,583
up €60,583 (+86.4%), from €70,137 to €130,720
- Gross operating margin -€332,344
down €332,344 (-42.9%), from €774,538 to €442,194
- Taxes -€66,382
down €66,382 (-38.2%), from €173,681 to €107,298
- Other operating charges -€34,010
down €34,010 (-42.2%), from €80,638 to €46,628
- Financial income +€21,140
up €21,140 (+165.5%), from €12,776 to €33,916
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 | €2,237,510 | €2,738,370 | +€500,861 | +22.4% |
| Fixed assets | 21/28 | €2,632 | €5,401 | +€2,769 | +105.2% |
| Intangible fixed assets | 21 | €1,657 | €4,301 | +€2,645 | +159.6% |
| Tangible fixed assets | 22/27 | €0 | €120 | +€120 | |
| Land and buildings | 22 | €0 | - | = | |
| Furniture and vehicles | 24 | - | €120 | +€120 | |
| Financial fixed assets | 28 | €975 | €980 | +€5 | +0.5% |
| Current assets | 29/58 | €2,234,878 | €2,732,969 | +€498,091 | +22.3% |
| Amounts receivable after more than one year | 29 | €146,835 | €507,690 | +€360,855 | +245.8% |
| Other amounts receivable | 291 | €146,835 | €507,690 | +€360,855 | +245.8% |
| Amounts receivable within one year | 40/41 | €1,314,961 | €1,551,293 | +€236,332 | +18.0% |
| Trade receivables | 40 | €744,886 | €1,118,435 | +€373,548 | +50.1% |
| Other amounts receivable | 41 | €570,074 | €432,858 | -€137,216 | -24.1% |
| Cash at bank and in hand | 54/58 | €764,771 | €662,693 | -€102,078 | -13.3% |
| Deferred charges and accrued income | 490/1 | €8,311 | €11,294 | +€2,982 | +35.9% |
| Total equity and liabilities | 10/49 | €2,237,510 | €2,738,370 | +€500,861 | +22.4% |
| Equity | 10/15 | €1,626,337 | €1,641,256 | +€14,918 | +0.9% |
| Contributions | 10/11 | €18,900 | €18,900 | = | 0.0% |
| Reserves | 13 | €288,890 | €288,890 | = | 0.0% |
| Distributable reserves | 133 | €288,890 | €288,890 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,318,547 | €1,333,466 | +€14,918 | +1.1% |
| Amounts payable | 17/49 | €611,172 | €1,097,115 | +€485,942 | +79.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €340,247 | €1,096,272 | +€756,025 | +222.2% |
| Current portion of amounts payable after more than one year | 42 | €45,000 | €21,914 | -€23,086 | -51.3% |
| Trade debts | 44 | €25,110 | €6,136 | -€18,974 | -75.6% |
| Suppliers | 440/4 | €25,110 | €6,136 | -€18,974 | -75.6% |
| Advances received on contracts in progress | 46 | - | €316,896 | +€316,896 | |
| Taxes, remuneration and social security | 45 | €70,137 | €130,720 | +€60,583 | +86.4% |
| Taxes | 450/3 | €70,137 | €130,720 | +€60,583 | +86.4% |
| Other amounts payable | 47/48 | €200,000 | €620,606 | +€420,606 | +210.3% |
| Accrued charges and deferred income | 492/3 | €270,925 | €843 | -€270,082 | -99.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €123 | €1,401 | +€1,278 | +1039.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,762 | €3,750 | -€6,012 | -61.6% |
| Other operating charges | 640/8 | €80,638 | €46,628 | -€34,010 | -42.2% |
| Gross operating margin | 9900 | €774,538 | €442,194 | -€332,344 | -42.9% |
| Operating profit (loss) | 9901 | €684,015 | €390,415 | -€293,600 | -42.9% |
| Financial income | 75/76B | €12,776 | €33,916 | +€21,140 | +165.5% |
| Recurring financial income | 75 | €12,776 | €33,916 | +€21,140 | +165.5% |
| Financial charges | 65/66B | €2,623 | €2,114 | -€509 | -19.4% |
| Recurring financial charges | 65 | €2,623 | €2,114 | -€509 | -19.4% |
| Profit (loss) for the period before taxes | 9903 | €694,167 | €422,217 | -€271,951 | -39.2% |
| Income taxes | 67/77 | €173,681 | €107,298 | -€66,382 | -38.2% |
| Profit (loss) for the period | 9904 | €520,487 | €314,918 | -€205,568 | -39.5% |
| Profit (loss) for the period to be appropriated | 9905 | €520,487 | €314,918 | -€205,568 | -39.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.