VOV 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.
VOV Consulting
Largest movements
- Receivables within one year +€23,899
up €23,899 (+115%), from €20,799 to €44,698
of which Other amounts receivable: +€13,448
- Cash -€8,177
down €8,177 (-22.4%), from €36,465 to €28,288
mainly Receivables within one year (-€23,899) and Debts after one year (-€21,096)
- Tangible fixed assets -€4,155
down €4,155 (-1.4%), from €289,572 to €285,417
of which Land and buildings: -€8,779
- Reserves +€46,263
up €46,263 (+40.0%), from €115,657 to €161,920
- Debts after one year -€21,096
down €21,096 (-12.9%), from €163,043 to €141,947
- Other debts -€9,397
down €9,397 (-100%), from €9,397 to €0
- Tax, wage and social debts -€4,513
down €4,513 (-20.3%), from €22,220 to €17,707
of which Taxes: -€4,513
- Gross operating margin +€18,077
up €18,077 (+26.8%), from €67,410 to €85,486
- Taxes +€4,259
up €4,259 (+29.4%), from €14,481 to €18,740
- Depreciation +€1,814
up €1,814 (+18.5%), from €9,784 to €11,598
- Financial charges +€1,325
up €1,325 (+24.7%), from €5,367 to €6,692
- Other operating charges -€1,100
down €1,100 (-32.8%), from €3,356 to €2,256
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 | €348,652 | €359,998 | +€11,346 | +3.3% |
| Fixed assets | 21/28 | €289,572 | €285,417 | -€4,155 | -1.4% |
| Tangible fixed assets | 22/27 | €289,572 | €285,417 | -€4,155 | -1.4% |
| Land and buildings | 22 | €283,803 | €275,024 | -€8,779 | -3.1% |
| Plant, machinery and equipment | 23 | - | €6,882 | +€6,882 | |
| Furniture and vehicles | 24 | €5,770 | €3,511 | -€2,258 | -39.1% |
| Current assets | 29/58 | €59,080 | €74,581 | +€15,501 | +26.2% |
| Amounts receivable within one year | 40/41 | €20,799 | €44,698 | +€23,899 | +115% |
| Trade receivables | 40 | €14,635 | €25,086 | +€10,451 | +71.4% |
| Other amounts receivable | 41 | €6,165 | €19,612 | +€13,448 | +218% |
| Cash at bank and in hand | 54/58 | €36,465 | €28,288 | -€8,177 | -22.4% |
| Deferred charges and accrued income | 490/1 | €1,815 | €1,595 | -€220 | -12.1% |
| Total equity and liabilities | 10/49 | €348,652 | €359,998 | +€11,346 | +3.3% |
| Equity | 10/15 | €128,057 | €174,320 | +€46,263 | +36.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €115,657 | €161,920 | +€46,263 | +40.0% |
| Distributable reserves | 133 | €115,657 | €161,920 | +€46,263 | +40.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €220,595 | €185,678 | -€34,917 | -15.8% |
| Amounts payable after more than one year | 17 | €163,043 | €141,947 | -€21,096 | -12.9% |
| Financial debts | 170/4 | €163,043 | €141,947 | -€21,096 | -12.9% |
| Amounts payable within one year | 42/48 | €57,553 | €43,731 | -€13,821 | -24.0% |
| Current portion of amounts payable after more than one year | 42 | €23,617 | €23,488 | -€129 | -0.5% |
| Trade debts | 44 | €2,318 | €2,536 | +€218 | +9.4% |
| Suppliers | 440/4 | €2,318 | €2,536 | +€218 | +9.4% |
| Taxes, remuneration and social security | 45 | €22,220 | €17,707 | -€4,513 | -20.3% |
| Taxes | 450/3 | €20,010 | €15,497 | -€4,513 | -22.6% |
| Remuneration and social security | 454/9 | €2,210 | €2,210 | = | 0.0% |
| Other amounts payable | 47/48 | €9,397 | €0 | -€9,397 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,784 | €11,598 | +€1,814 | +18.5% |
| Other operating charges | 640/8 | €3,356 | €2,256 | -€1,100 | -32.8% |
| Gross operating margin | 9900 | €67,410 | €85,486 | +€18,077 | +26.8% |
| Operating profit (loss) | 9901 | €54,269 | €71,633 | +€17,363 | +32.0% |
| Financial income | 75/76B | €408 | €62 | -€346 | -84.7% |
| Recurring financial income | 75 | €408 | €62 | -€346 | -84.7% |
| Financial charges | 65/66B | €5,367 | €6,692 | +€1,325 | +24.7% |
| Recurring financial charges | 65 | €5,367 | €6,692 | +€1,325 | +24.7% |
| Profit (loss) for the period before taxes | 9903 | €49,311 | €65,003 | +€15,693 | +31.8% |
| Income taxes | 67/77 | €14,481 | €18,740 | +€4,259 | +29.4% |
| Profit (loss) for the period | 9904 | €34,829 | €46,263 | +€11,434 | +32.8% |
| Profit (loss) for the period to be appropriated | 9905 | €34,829 | €46,263 | +€11,434 | +32.8% |
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 20 October 2026 via checked.be.