VS CONSULTING: what changed
Two fiscal 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
- Financial fixed assets +€46,402
up €46,402 (+23.2%), from €200,000 to €246,402
- Cash -€21,686
down €21,686 (-42.6%), from €50,914 to €29,227
mainly Investment in fixed assets (net) (-€128,571) and Contributions, distributions and other (-€25,000)
- Other debts +€27,667
up €27,667 (+79.5%), from €34,812 to €62,479
- Profit (loss) carried forward +€12,522
up €12,522 (+7.0%), from €179,451 to €191,973
- Debts after one year -€11,598
down €11,598 (-3.1%), from €377,791 to €366,192
- Gross operating margin +€5,220
up €5,220 (+3.9%), from €132,386 to €137,606
- Depreciation +€3,379
up €3,379 (+4.7%), from €72,460 to €75,839
- Other operating charges +€3,106
up €3,106 (+459.8%), from €676 to €3,782
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.
Cash bridge derived
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 | €684,249 | €712,902 | +€28,653 | +4.2% |
| Fixed assets | 21/28 | €630,865 | €683,598 | +€52,732 | +8.4% |
| Tangible fixed assets | 22/27 | €430,865 | €437,196 | +€6,330 | +1.5% |
| Land and buildings | 22 | - | €78,790 | +€78,790 | |
| Furniture and vehicles | 24 | €1,076 | €616 | -€460 | -42.7% |
| Other tangible fixed assets | 26 | €429,789 | €357,789 | -€72,000 | -16.8% |
| Financial fixed assets | 28 | €200,000 | €246,402 | +€46,402 | +23.2% |
| Current assets | 29/58 | €53,383 | €29,304 | -€24,080 | -45.1% |
| Amounts receivable within one year | 40/41 | €179 | €77 | -€102 | -57.1% |
| Trade receivables | 40 | €179 | €77 | -€102 | -57.1% |
| Cash at bank and in hand | 54/58 | €50,914 | €29,227 | -€21,686 | -42.6% |
| Deferred charges and accrued income | 490/1 | €2,291 | - | -€2,291 | |
| Total equity and liabilities | 10/49 | €684,249 | €712,902 | +€28,653 | +4.2% |
| Equity | 10/15 | €182,451 | €194,973 | +€12,522 | +6.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €179,451 | €191,973 | +€12,522 | +7.0% |
| Amounts payable | 17/49 | €501,798 | €517,929 | +€16,131 | +3.2% |
| Amounts payable after more than one year | 17 | €377,791 | €366,192 | -€11,598 | -3.1% |
| Financial debts | 170/4 | €377,791 | €366,192 | -€11,598 | -3.1% |
| Amounts payable within one year | 42/48 | €124,007 | €151,736 | +€27,729 | +22.4% |
| Current portion of amounts payable after more than one year | 42 | €77,820 | €79,238 | +€1,418 | +1.8% |
| Taxes, remuneration and social security | 45 | €11,375 | €10,019 | -€1,356 | -11.9% |
| Taxes | 450/3 | €10,839 | €10,019 | -€820 | -7.6% |
| Remuneration and social security | 454/9 | €536 | - | -€536 | |
| Other amounts payable | 47/48 | €34,812 | €62,479 | +€27,667 | +79.5% |
| Non-recurring operating income | 76A | - | €4,512 | +€4,512 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,460 | €75,839 | +€3,379 | +4.7% |
| Other operating charges | 640/8 | €676 | €3,782 | +€3,106 | +459.8% |
| Gross operating margin | 9900 | €132,386 | €137,606 | +€5,220 | +3.9% |
| Operating profit (loss) | 9901 | €59,251 | €57,985 | -€1,265 | -2.1% |
| Financial income | 75/76B | €161 | €89 | -€72 | -44.6% |
| Recurring financial income | 75 | €161 | €89 | -€72 | -44.6% |
| Financial charges | 65/66B | €10,490 | €10,001 | -€489 | -4.7% |
| Recurring financial charges | 65 | €10,490 | €10,001 | -€489 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €48,921 | €48,074 | -€848 | -1.7% |
| Income taxes | 67/77 | €10,048 | €10,551 | +€503 | +5.0% |
| Profit (loss) for the period | 9904 | €38,873 | €37,522 | -€1,351 | -3.5% |
| Profit (loss) for the period to be appropriated | 9905 | €38,873 | €37,522 | -€1,351 | -3.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.