VP CONSULTING: what changed
Two fiscal 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.
VP CONSULTING
Largest movements
- Cash -€47,467
down €47,467 (-60.7%), from €78,195 to €30,728
mainly Net result for the year (-€23,421) and Current portion of long-term debt (-€22,701)
- Tangible fixed assets -€31,787
down €31,787 (-11.9%), from €267,712 to €235,925
of which Land and buildings: -€31,787
- Receivables within one year -€8,759
down €8,759 (-49.0%), from €17,887 to €9,128
of which Trade receivables: -€8,759
- Profit (loss) carried forward -€23,421
down €23,421 (-22.8%), from €102,639 to €79,218
- Current portion of long-term debt -€22,701
down €22,701 (-50.8%), from €44,729 to €22,028
- Debts after one year -€22,028
down €22,028 (-18.2%), from €120,857 to €98,829
- Tax, wage and social debts -€13,271
down €13,271 (-91.0%), from €14,590 to €1,319
- Trade debts -€8,519
down €8,519 (-94.6%), from €9,005 to €485
- Gross operating margin -€45,169
down €45,169 (-75.3%), from €59,999 to €14,831
- Taxes -€5,659
down €5,659 (-95.8%), from €5,908 to €249
- Financial charges -€1,861
down €1,861 (-35.0%), from €5,321 to €3,459
- Depreciation -€1,500
down €1,500 (-4.5%), from €33,287 to €31,787
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 | €366,895 | €275,782 | -€91,114 | -24.8% |
| Fixed assets | 21/28 | €267,712 | €235,925 | -€31,787 | -11.9% |
| Tangible fixed assets | 22/27 | €267,712 | €235,925 | -€31,787 | -11.9% |
| Land and buildings | 22 | €267,712 | €235,925 | -€31,787 | -11.9% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €99,183 | €39,856 | -€59,326 | -59.8% |
| Amounts receivable within one year | 40/41 | €17,887 | €9,128 | -€8,759 | -49.0% |
| Trade receivables | 40 | €17,887 | €9,128 | -€8,759 | -49.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €78,195 | €30,728 | -€47,467 | -60.7% |
| Deferred charges and accrued income | 490/1 | €3,100 | - | -€3,100 | |
| Total equity and liabilities | 10/49 | €366,895 | €275,782 | -€91,114 | -24.8% |
| Equity | 10/15 | €176,541 | €153,120 | -€23,421 | -13.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €67,702 | €67,702 | = | 0.0% |
| Distributable reserves | 133 | €67,702 | €67,702 | = | 0.0% |
| Profit (loss) carried forward | 14 | €102,639 | €79,218 | -€23,421 | -22.8% |
| Amounts payable | 17/49 | €190,354 | €122,662 | -€67,693 | -35.6% |
| Amounts payable after more than one year | 17 | €120,857 | €98,829 | -€22,028 | -18.2% |
| Financial debts | 170/4 | €120,857 | €98,829 | -€22,028 | -18.2% |
| Amounts payable within one year | 42/48 | €68,457 | €23,832 | -€44,624 | -65.2% |
| Current portion of amounts payable after more than one year | 42 | €44,729 | €22,028 | -€22,701 | -50.8% |
| Trade debts | 44 | €9,005 | €485 | -€8,519 | -94.6% |
| Suppliers | 440/4 | €9,005 | €485 | -€8,519 | -94.6% |
| Taxes, remuneration and social security | 45 | €14,590 | €1,319 | -€13,271 | -91.0% |
| Taxes | 450/3 | €14,590 | €1,319 | -€13,271 | -91.0% |
| Other amounts payable | 47/48 | €133 | - | -€133 | |
| Accrued charges and deferred income | 492/3 | €1,040 | - | -€1,040 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,287 | €31,787 | -€1,500 | -4.5% |
| Other operating charges | 640/8 | €2,800 | €2,772 | -€27 | -1.0% |
| Gross operating margin | 9900 | €59,999 | €14,831 | -€45,169 | -75.3% |
| Operating profit (loss) | 9901 | €23,913 | -€19,729 | -€43,641 | |
| Financial income | 75/76B | €23 | €16 | -€7 | -31.2% |
| Recurring financial income | 75 | €23 | €16 | -€7 | -31.2% |
| Financial charges | 65/66B | €5,321 | €3,459 | -€1,861 | -35.0% |
| Recurring financial charges | 65 | €5,321 | €3,459 | -€1,861 | -35.0% |
| Profit (loss) for the period before taxes | 9903 | €18,615 | -€23,172 | -€41,787 | |
| Income taxes | 67/77 | €5,908 | €249 | -€5,659 | -95.8% |
| Profit (loss) for the period | 9904 | €12,707 | -€23,421 | -€36,128 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,707 | -€23,421 | -€36,128 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.