VRG 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.
VRG CONSULTING
Largest movements
- Current investments -€450,000
down €450,000 (-69.2%), from €650,000 to €200,000
- Cash +€215,161
up €215,161 (+371%), from €57,942 to €273,103
mainly Current investments (+€450,000) and Other debts (+€147,494)
- Tangible fixed assets -€19,897
down €19,897 (-37.0%), from €53,750 to €33,853
of which Furniture and vehicles: -€19,897
- Reserves -€391,350
down €391,350 (-52.3%), from €748,980 to €357,630
- Other debts +€147,494
up €147,494 (+8,585%), from €1,718 to €149,212
- Depreciation -€11,216
down €11,216 (-36.0%), from €31,113 to €19,897
- Gross operating margin -€10,901
down €10,901 (-5.3%), from €204,265 to €193,364
- Financial income +€7,901
up €7,901 (+61.4%), from €12,860 to €20,761
- Taxes +€2,645
up €2,645 (+4.7%), from €55,814 to €58,459
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 | €785,538 | €538,820 | -€246,718 | -31.4% |
| Fixed assets | 21/28 | €53,750 | €33,853 | -€19,897 | -37.0% |
| Tangible fixed assets | 22/27 | €53,750 | €33,853 | -€19,897 | -37.0% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €53,750 | €33,853 | -€19,897 | -37.0% |
| Current assets | 29/58 | €731,788 | €504,967 | -€226,820 | -31.0% |
| Amounts receivable within one year | 40/41 | €19,768 | €27,174 | +€7,406 | +37.5% |
| Trade receivables | 40 | €15,428 | €14,726 | -€702 | -4.5% |
| Other amounts receivable | 41 | €4,341 | €12,448 | +€8,107 | +187% |
| Current investments | 50/53 | €650,000 | €200,000 | -€450,000 | -69.2% |
| Cash at bank and in hand | 54/58 | €57,942 | €273,103 | +€215,161 | +371% |
| Deferred charges and accrued income | 490/1 | €4,078 | €4,690 | +€612 | +15.0% |
| Total equity and liabilities | 10/49 | €785,538 | €538,820 | -€246,718 | -31.4% |
| Equity | 10/15 | €768,980 | €377,630 | -€391,350 | -50.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €748,980 | €357,630 | -€391,350 | -52.3% |
| Distributable reserves | 133 | €748,980 | €357,630 | -€391,350 | -52.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €16,558 | €161,190 | +€144,633 | +874% |
| Amounts payable within one year | 42/48 | €16,558 | €161,190 | +€144,633 | +874% |
| Trade debts | 44 | €6,969 | €7,790 | +€821 | +11.8% |
| Suppliers | 440/4 | €6,969 | €7,790 | +€821 | +11.8% |
| Taxes, remuneration and social security | 45 | €7,871 | €4,188 | -€3,683 | -46.8% |
| Taxes | 450/3 | €3,701 | €0 | -€3,701 | -100% |
| Remuneration and social security | 454/9 | €4,169 | €4,188 | +€18 | +0.4% |
| Other amounts payable | 47/48 | €1,718 | €149,212 | +€147,494 | +8,585% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,113 | €19,897 | -€11,216 | -36.0% |
| Other operating charges | 640/8 | €1,304 | €1,253 | -€51 | -3.9% |
| Gross operating margin | 9900 | €204,265 | €193,364 | -€10,901 | -5.3% |
| Operating profit (loss) | 9901 | €171,848 | €172,213 | +€366 | +0.2% |
| Financial income | 75/76B | €12,860 | €20,761 | +€7,901 | +61.4% |
| Recurring financial income | 75 | €12,860 | €20,761 | +€7,901 | +61.4% |
| Financial charges | 65/66B | €420 | €254 | -€166 | -39.5% |
| Recurring financial charges | 65 | €420 | €254 | -€166 | -39.5% |
| Profit (loss) for the period before taxes | 9903 | €184,287 | €192,720 | +€8,433 | +4.6% |
| Income taxes | 67/77 | €55,814 | €58,459 | +€2,645 | +4.7% |
| Profit (loss) for the period | 9904 | €128,473 | €134,261 | +€5,788 | +4.5% |
| Profit (loss) for the period to be appropriated | 9905 | €128,473 | €134,261 | +€5,788 | +4.5% |
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 25 October 2026 via checked.be.