VRB CONSULT: 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.
VRB CONSULT
Largest movements
- Cash -€9,630
down €9,630 (-4.8%), from €199,980 to €190,350
mainly Debts after one year (-€28,165) and Investment in fixed assets (net) (-€22,735)
- Tangible fixed assets -€6,623
down €6,623 (-8.6%), from €76,617 to €69,994
- Debts after one year -€28,165
down €28,165 (-87.7%), from €32,129 to €3,964
- Reserves +€21,392
up €21,392 (+12.0%), from €178,016 to €199,408
of which Distributable reserves: +€21,392
- Other debts +€18,094
up €18,094 (+7.2%), from €251,603 to €269,697
- Trade debts -€17,056
down €17,056 (-54.6%), from €31,247 to €14,191
- Tax, wage and social debts -€12,259
down €12,259 (-32.0%), from €38,347 to €26,088
of which Taxes: -€7,759
- Gross operating margin -€18,387
down €18,387 (-20.6%), from €89,181 to €70,794
- Write-downs -€16,051
new in 2025: -€16,051
- Other operating charges +€5,629
up €5,629 (+239%), from €2,355 to €7,984
- Depreciation +€4,046
up €4,046 (+16.0%), from €25,312 to €29,358
- Financial charges -€2,890
down €2,890 (-12.2%), from €23,630 to €20,740
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 | €571,883 | €553,913 | -€17,970 | -3.1% |
| Fixed assets | 21/28 | €76,642 | €70,019 | -€6,623 | -8.6% |
| Tangible fixed assets | 22/27 | €76,617 | €69,994 | -€6,623 | -8.6% |
| Furniture and vehicles | 24 | €76,617 | €69,994 | -€6,623 | -8.6% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €495,241 | €483,894 | -€11,347 | -2.3% |
| Amounts receivable within one year | 40/41 | €295,261 | €292,214 | -€3,047 | -1.0% |
| Trade receivables | 40 | €295,261 | €288,314 | -€6,947 | -2.4% |
| Other amounts receivable | 41 | - | €3,900 | +€3,900 | |
| Cash at bank and in hand | 54/58 | €199,980 | €190,350 | -€9,630 | -4.8% |
| Deferred charges and accrued income | 490/1 | - | €1,330 | +€1,330 | |
| Total equity and liabilities | 10/49 | €571,883 | €553,913 | -€17,970 | -3.1% |
| Equity | 10/15 | €190,416 | €211,808 | +€21,392 | +11.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €178,016 | €199,408 | +€21,392 | +12.0% |
| Tax-exempt reserves | 132 | €4,695 | €4,695 | = | 0.0% |
| Distributable reserves | 133 | €173,321 | €194,713 | +€21,392 | +12.3% |
| Amounts payable | 17/49 | €381,467 | €342,105 | -€39,362 | -10.3% |
| Amounts payable after more than one year | 17 | €32,129 | €3,964 | -€28,165 | -87.7% |
| Financial debts | 170/4 | €32,129 | €3,964 | -€28,165 | -87.7% |
| Amounts payable within one year | 42/48 | €348,235 | €338,141 | -€10,094 | -2.9% |
| Current portion of amounts payable after more than one year | 42 | €27,038 | €28,165 | +€1,127 | +4.2% |
| Trade debts | 44 | €31,247 | €14,191 | -€17,056 | -54.6% |
| Suppliers | 440/4 | €31,247 | €14,191 | -€17,056 | -54.6% |
| Taxes, remuneration and social security | 45 | €38,347 | €26,088 | -€12,259 | -32.0% |
| Taxes | 450/3 | €32,347 | €24,588 | -€7,759 | -24.0% |
| Remuneration and social security | 454/9 | €6,000 | €1,500 | -€4,500 | -75.0% |
| Other amounts payable | 47/48 | €251,603 | €269,697 | +€18,094 | +7.2% |
| Accrued charges and deferred income | 492/3 | €1,103 | - | -€1,103 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,312 | €29,358 | +€4,046 | +16.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€16,051 | -€16,051 | |
| Other operating charges | 640/8 | €2,355 | €7,984 | +€5,629 | +239% |
| Gross operating margin | 9900 | €89,181 | €70,794 | -€18,387 | -20.6% |
| Operating profit (loss) | 9901 | €61,514 | €49,503 | -€12,011 | -19.5% |
| Financial income | 75/76B | €41 | €113 | +€72 | +176% |
| Recurring financial income | 75 | €41 | €113 | +€72 | +176% |
| Financial charges | 65/66B | €23,630 | €20,740 | -€2,890 | -12.2% |
| Recurring financial charges | 65 | €23,630 | €20,740 | -€2,890 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €37,925 | €28,876 | -€9,049 | -23.9% |
| Income taxes | 67/77 | €10,345 | €7,484 | -€2,861 | -27.7% |
| Profit (loss) for the period | 9904 | €27,580 | €21,392 | -€6,188 | -22.4% |
| Profit (loss) for the period to be appropriated | 9905 | €27,580 | €21,392 | -€6,188 | -22.4% |
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 13 October 2026 via checked.be.