VP 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.
VP Consulting
Largest movements
- Current investments -€13,753
down €13,753 (-18.4%), from €74,777 to €61,023
- Cash -€8,264
down €8,264 (-92.3%), from €8,956 to €692
mainly Other debts (-€25,466) and Debts after one year (-€14,093)
- Deferred charges and accrued income -€3,847
down €3,847 (-66.9%), from €5,750 to €1,903
- Other debts -€25,466
down €25,466 (-73.1%), from €34,837 to €9,371
- Debts after one year -€14,093
down €14,093 (-65.1%), from €21,649 to €7,556
- Reserves +€9,600
up €9,600 (+13.5%), from €70,900 to €80,500
- Current portion of long-term debt +€7,211
new in 2025: €7,211
- Trade debts -€3,800
down €3,800 (-22.1%), from €17,201 to €13,401
- Gross operating margin -€21,266
down €21,266 (-45.3%), from €46,892 to €25,627
- Taxes -€8,298
down €8,298 (-64.7%), from €12,826 to €4,527
- Financial income -€641
down €641 (-71.6%), from €896 to €255
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 | €155,384 | €128,022 | -€27,361 | -17.6% |
| Fixed assets | 21/28 | €21,428 | €21,124 | -€303 | -1.4% |
| Tangible fixed assets | 22/27 | €21,428 | €21,124 | -€303 | -1.4% |
| Plant, machinery and equipment | 23 | - | €6,593 | +€6,593 | |
| Leasing and similar rights | 25 | €21,428 | €14,531 | -€6,897 | -32.2% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €133,956 | €106,898 | -€27,058 | -20.2% |
| Amounts receivable within one year | 40/41 | €44,474 | €43,280 | -€1,193 | -2.7% |
| Trade receivables | 40 | €44,474 | €38,847 | -€5,626 | -12.7% |
| Other amounts receivable | 41 | - | €4,433 | +€4,433 | |
| Current investments | 50/53 | €74,777 | €61,023 | -€13,753 | -18.4% |
| Cash at bank and in hand | 54/58 | €8,956 | €692 | -€8,264 | -92.3% |
| Deferred charges and accrued income | 490/1 | €5,750 | €1,903 | -€3,847 | -66.9% |
| Total equity and liabilities | 10/49 | €155,384 | €128,022 | -€27,361 | -17.6% |
| Equity | 10/15 | €71,313 | €80,969 | +€9,655 | +13.5% |
| Contributions | 10/11 | €0 | €0 | = | |
| Reserves | 13 | €70,900 | €80,500 | +€9,600 | +13.5% |
| Distributable reserves | 133 | €70,900 | €80,500 | +€9,600 | +13.5% |
| Profit (loss) carried forward | 14 | €413 | €469 | +€55 | +13.4% |
| Amounts payable | 17/49 | €84,070 | €47,054 | -€37,017 | -44.0% |
| Amounts payable after more than one year | 17 | €21,649 | €7,556 | -€14,093 | -65.1% |
| Financial debts | 170/4 | €21,649 | €7,556 | -€14,093 | -65.1% |
| Amounts payable within one year | 42/48 | €62,422 | €39,498 | -€22,924 | -36.7% |
| Current portion of amounts payable after more than one year | 42 | - | €7,211 | +€7,211 | |
| Trade debts | 44 | €17,201 | €13,401 | -€3,800 | -22.1% |
| Suppliers | 440/4 | €17,201 | €13,401 | -€3,800 | -22.1% |
| Taxes, remuneration and social security | 45 | €10,383 | €9,515 | -€868 | -8.4% |
| Taxes | 450/3 | €10,383 | €9,515 | -€868 | -8.4% |
| Other amounts payable | 47/48 | €34,837 | €9,371 | -€25,466 | -73.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,897 | €6,959 | +€62 | +0.9% |
| Other operating charges | 640/8 | €2,814 | €3,280 | +€465 | +16.5% |
| Gross operating margin | 9900 | €46,892 | €25,627 | -€21,266 | -45.3% |
| Operating profit (loss) | 9901 | €37,181 | €15,389 | -€21,793 | -58.6% |
| Financial income | 75/76B | €896 | €255 | -€641 | -71.6% |
| Recurring financial income | 75 | €896 | €255 | -€641 | -71.6% |
| Financial charges | 65/66B | €1,583 | €1,461 | -€122 | -7.7% |
| Recurring financial charges | 65 | €1,497 | €1,461 | -€36 | -2.4% |
| Non-recurring financial charges | 66B | €86 | - | -€86 | |
| Profit (loss) for the period before taxes | 9903 | €36,494 | €14,183 | -€22,312 | -61.1% |
| Income taxes | 67/77 | €12,826 | €4,527 | -€8,298 | -64.7% |
| Profit (loss) for the period | 9904 | €23,669 | €9,655 | -€14,013 | -59.2% |
| Profit (loss) for the period to be appropriated | 9905 | €23,669 | €9,655 | -€14,013 | -59.2% |
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 14 October 2026 via checked.be.