VRA 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.
VRA CONSULTING
Largest movements
- Receivables within one year -€15,524
down €15,524 (-40.8%), from €38,027 to €22,503
of which Trade receivables: -€12,896
- Cash -€10,018
down €10,018 (-18.9%), from €53,036 to €43,018
mainly Other debts (-€34,356) and Contributions, distributions and other (-€19,952)
- Tangible fixed assets -€9,422
down €9,422 (-36.6%), from €25,778 to €16,355
of which Furniture and vehicles: -€10,224
- Deferred charges and accrued income -€3,544
down €3,544 (-26.0%), from €13,641 to €10,097
- Other debts -€34,356
down €34,356 (-57.0%), from €60,276 to €25,920
- Accrued charges and deferred income -€5,915
down €5,915 (-34.2%), from €17,290 to €11,375
- Reserves +€2,120
up €2,120 (+2.1%), from €98,938 to €101,058
of which Distributable reserves: +€2,120
- Gross operating margin -€8,179
down €8,179 (-15.6%), from €52,282 to €44,103
- Taxes -€2,090
down €2,090 (-15.5%), from €13,460 to €11,370
- Financial income +€654
up €654 (+213%), from €308 to €962
- Depreciation +€627
up €627 (+6.1%), from €10,314 to €10,940
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 | €196,118 | €158,092 | -€38,026 | -19.4% |
| Fixed assets | 21/28 | €25,778 | €16,355 | -€9,422 | -36.6% |
| Tangible fixed assets | 22/27 | €25,778 | €16,355 | -€9,422 | -36.6% |
| Plant, machinery and equipment | 23 | €1,129 | €1,931 | +€802 | +71.0% |
| Furniture and vehicles | 24 | €24,649 | €14,425 | -€10,224 | -41.5% |
| Current assets | 29/58 | €170,341 | €141,737 | -€28,604 | -16.8% |
| Amounts receivable within one year | 40/41 | €38,027 | €22,503 | -€15,524 | -40.8% |
| Trade receivables | 40 | €29,869 | €16,973 | -€12,896 | -43.2% |
| Other amounts receivable | 41 | €8,158 | €5,530 | -€2,628 | -32.2% |
| Current investments | 50/53 | €65,636 | €66,118 | +€482 | +0.7% |
| Cash at bank and in hand | 54/58 | €53,036 | €43,018 | -€10,018 | -18.9% |
| Deferred charges and accrued income | 490/1 | €13,641 | €10,097 | -€3,544 | -26.0% |
| Total equity and liabilities | 10/49 | €196,118 | €158,092 | -€38,026 | -19.4% |
| Equity | 10/15 | €109,488 | €111,607 | +€2,120 | +1.9% |
| Contributions | 10/11 | €9,300 | €9,300 | = | 0.0% |
| Reserves | 13 | €98,938 | €101,058 | +€2,120 | +2.1% |
| Tax-exempt reserves | 132 | €512 | €512 | = | 0.0% |
| Distributable reserves | 133 | €98,427 | €100,546 | +€2,120 | +2.2% |
| Profit (loss) carried forward | 14 | €1,249 | €1,249 | = | 0.0% |
| Amounts payable | 17/49 | €86,631 | €46,485 | -€40,146 | -46.3% |
| Amounts payable within one year | 42/48 | €69,341 | €35,110 | -€34,231 | -49.4% |
| Trade debts | 44 | €112 | €1,051 | +€939 | +841% |
| Suppliers | 440/4 | €112 | €1,051 | +€939 | +841% |
| Taxes, remuneration and social security | 45 | €8,953 | €8,139 | -€814 | -9.1% |
| Taxes | 450/3 | €8,953 | €8,139 | -€814 | -9.1% |
| Other amounts payable | 47/48 | €60,276 | €25,920 | -€34,356 | -57.0% |
| Accrued charges and deferred income | 492/3 | €17,290 | €11,375 | -€5,915 | -34.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,314 | €10,940 | +€627 | +6.1% |
| Other operating charges | 640/8 | €842 | €416 | -€426 | -50.6% |
| Gross operating margin | 9900 | €52,282 | €44,103 | -€8,179 | -15.6% |
| Operating profit (loss) | 9901 | €41,126 | €32,747 | -€8,380 | -20.4% |
| Financial income | 75/76B | €308 | €962 | +€654 | +213% |
| Recurring financial income | 75 | €308 | €962 | +€654 | +213% |
| Financial charges | 65/66B | €480 | €267 | -€213 | -44.4% |
| Recurring financial charges | 65 | €480 | €267 | -€213 | -44.4% |
| Profit (loss) for the period before taxes | 9903 | €40,954 | €33,442 | -€7,512 | -18.3% |
| Income taxes | 67/77 | €13,460 | €11,370 | -€2,090 | -15.5% |
| Profit (loss) for the period | 9904 | €27,494 | €22,071 | -€5,422 | -19.7% |
| Profit (loss) for the period to be appropriated | 9905 | €27,494 | €22,071 | -€5,422 | -19.7% |
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 15 October 2026 via checked.be.