VS 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.
VS Consulting
Largest movements
- Cash -€118,887
down €118,887 (-74.2%), from €160,247 to €41,360
mainly Net result for the year (-€82,063) and Contributions, distributions and other (-€30,000)
- Deferred charges and accrued income +€16,632
up €16,632 (+476%), from €3,492 to €20,124
- Receivables within one year -€6,132
down €6,132 (-47.7%), from €12,854 to €6,722
of which Trade receivables: -€7,113
- Profit (loss) carried forward -€82,063
down €82,063, from €33,459 to -€48,604
- Reserves -€30,000
down €30,000 (-29.2%), from €102,690 to €72,690
- Tax, wage and social debts +€4,403
up €4,403 (+14.0%), from €31,545 to €35,949
- Gross operating margin -€218,528
down €218,528, from €131,307 to -€87,222
- Taxes -€27,117
down €27,117 (-94.7%), from €28,630 to €1,513
- Financial income +€13,609
new in 2025: €13,609
of which Non-recurring financial income: +€13,608
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 | €189,183 | €81,001 | -€108,183 | -57.2% |
| Fixed assets | 21/28 | €12,590 | €12,794 | +€205 | +1.6% |
| Tangible fixed assets | 22/27 | €12,590 | €12,794 | +€205 | +1.6% |
| Furniture and vehicles | 24 | €4,843 | €4,158 | -€685 | -14.2% |
| Other tangible fixed assets | 26 | €7,747 | €8,637 | +€890 | +11.5% |
| Current assets | 29/58 | €176,594 | €68,206 | -€108,387 | -61.4% |
| Amounts receivable within one year | 40/41 | €12,854 | €6,722 | -€6,132 | -47.7% |
| Trade receivables | 40 | €11,276 | €4,163 | -€7,113 | -63.1% |
| Other amounts receivable | 41 | €1,578 | €2,559 | +€981 | +62.1% |
| Cash at bank and in hand | 54/58 | €160,247 | €41,360 | -€118,887 | -74.2% |
| Deferred charges and accrued income | 490/1 | €3,492 | €20,124 | +€16,632 | +476% |
| Total equity and liabilities | 10/49 | €189,183 | €81,001 | -€108,183 | -57.2% |
| Equity | 10/15 | €154,749 | €42,686 | -€112,063 | -72.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €102,690 | €72,690 | -€30,000 | -29.2% |
| Distributable reserves | 133 | €102,690 | €72,690 | -€30,000 | -29.2% |
| Profit (loss) carried forward | 14 | €33,459 | -€48,604 | -€82,063 | |
| Amounts payable | 17/49 | €34,434 | €38,314 | +€3,880 | +11.3% |
| Amounts payable within one year | 42/48 | €33,911 | €38,239 | +€4,328 | +12.8% |
| Trade debts | 44 | €1,697 | €2,291 | +€594 | +35.0% |
| Suppliers | 440/4 | €1,697 | €2,291 | +€594 | +35.0% |
| Taxes, remuneration and social security | 45 | €31,545 | €35,949 | +€4,403 | +14.0% |
| Taxes | 450/3 | €31,545 | €35,949 | +€4,403 | +14.0% |
| Other amounts payable | 47/48 | €669 | - | -€669 | |
| Accrued charges and deferred income | 492/3 | €523 | €75 | -€448 | -85.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,568 | €3,259 | +€691 | +26.9% |
| Other operating charges | 640/8 | €1,229 | €1,480 | +€251 | +20.4% |
| Gross operating margin | 9900 | €131,307 | -€87,222 | -€218,528 | |
| Operating profit (loss) | 9901 | €127,510 | -€91,961 | -€219,470 | |
| Financial income | 75/76B | - | €13,609 | +€13,609 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Non-recurring financial income | 76B | - | €13,608 | +€13,608 | |
| Financial charges | 65/66B | €1,857 | €2,197 | +€340 | +18.3% |
| Recurring financial charges | 65 | €1,857 | €2,197 | +€340 | +18.3% |
| Profit (loss) for the period before taxes | 9903 | €125,652 | -€80,550 | -€206,202 | |
| Income taxes | 67/77 | €28,630 | €1,513 | -€27,117 | -94.7% |
| Profit (loss) for the period | 9904 | €97,022 | -€82,063 | -€179,085 | |
| Profit (loss) for the period to be appropriated | 9905 | €97,022 | -€82,063 | -€179,085 |
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.