VS PRO 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.
VS PRO CONSULT
Largest movements
- Tangible fixed assets +€27,437
up €27,437 (+2.5%), from €1.1m to €1.1m
of which Other tangible fixed assets: +€78,618
- Debts after one year +€54,151
up €54,151 (+6.6%), from €824,116 to €878,267
- Advances received -€48,090
down €48,090 (-74.1%), from €64,863 to €16,773
- Other debts +€44,954
up €44,954 (+695%), from €6,471 to €51,426
- Profit (loss) carried forward -€14,013
down €14,013 (-100.0%), from €14,014 to €1
- Trade debts -€13,925
down €13,925 (-51.2%), from €27,174 to €13,249
- Financial charges +€20,174
up €20,174 (+86.4%), from €23,355 to €43,529
- Gross operating margin +€19,540
up €19,540 (+9.3%), from €209,523 to €229,063
- Staff costs +€11,346
up €11,346 (+20.3%), from €55,967 to €67,313
- Taxes -€8,241
down €8,241 (-39.9%), from €20,670 to €12,429
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 | €1,280,292 | €1,302,137 | +€21,845 | +1.7% |
| Fixed assets | 21/28 | €1,108,630 | €1,136,130 | +€27,500 | +2.5% |
| Tangible fixed assets | 22/27 | €1,107,174 | €1,134,611 | +€27,437 | +2.5% |
| Land and buildings | 22 | €811,850 | €761,744 | -€50,106 | -6.2% |
| Plant, machinery and equipment | 23 | €6,224 | €5,305 | -€919 | -14.8% |
| Furniture and vehicles | 24 | €24,139 | €23,983 | -€156 | -0.6% |
| Other tangible fixed assets | 26 | €264,961 | €343,578 | +€78,618 | +29.7% |
| Financial fixed assets | 28 | €1,456 | €1,520 | +€64 | +4.4% |
| Current assets | 29/58 | €171,662 | €166,007 | -€5,656 | -3.3% |
| Amounts receivable within one year | 40/41 | - | €4,884 | +€4,884 | |
| Trade receivables | 40 | - | €1,151 | +€1,151 | |
| Other amounts receivable | 41 | - | €3,734 | +€3,734 | |
| Current investments | 50/53 | €600 | €3,000 | +€2,400 | +400% |
| Cash at bank and in hand | 54/58 | €166,981 | €156,248 | -€10,733 | -6.4% |
| Deferred charges and accrued income | 490/1 | €4,081 | €1,875 | -€2,207 | -54.1% |
| Total equity and liabilities | 10/49 | €1,280,292 | €1,302,137 | +€21,845 | +1.7% |
| Equity | 10/15 | €280,474 | €266,461 | -€14,013 | -5.0% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €246,000 | €246,000 | = | 0.0% |
| Distributable reserves | 133 | €246,000 | €246,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,014 | €1 | -€14,013 | -100.0% |
| Amounts payable | 17/49 | €999,818 | €1,035,676 | +€35,858 | +3.6% |
| Amounts payable after more than one year | 17 | €824,116 | €878,267 | +€54,151 | +6.6% |
| Financial debts | 170/4 | €824,116 | €878,267 | +€54,151 | +6.6% |
| Amounts payable within one year | 42/48 | €175,702 | €157,158 | -€18,543 | -10.6% |
| Current portion of amounts payable after more than one year | 42 | €25,776 | €21,967 | -€3,809 | -14.8% |
| Trade debts | 44 | €27,174 | €13,249 | -€13,925 | -51.2% |
| Suppliers | 440/4 | €27,174 | €13,249 | -€13,925 | -51.2% |
| Advances received on contracts in progress | 46 | €64,863 | €16,773 | -€48,090 | -74.1% |
| Taxes, remuneration and social security | 45 | €51,418 | €53,743 | +€2,325 | +4.5% |
| Taxes | 450/3 | €42,639 | €36,653 | -€5,986 | -14.0% |
| Remuneration and social security | 454/9 | €8,778 | €17,090 | +€8,312 | +94.7% |
| Other amounts payable | 47/48 | €6,471 | €51,426 | +€44,954 | +695% |
| Accrued charges and deferred income | 492/3 | - | €250 | +€250 | |
| Non-recurring operating income | 76A | - | €56,497 | +€56,497 | |
| Remuneration, social security and pensions | 62 | €55,967 | €67,313 | +€11,346 | +20.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,357 | €56,626 | +€2,269 | +4.2% |
| Other operating charges | 640/8 | €4,001 | €5,179 | +€1,178 | +29.4% |
| Gross operating margin | 9900 | €209,523 | €229,063 | +€19,540 | +9.3% |
| Operating profit (loss) | 9901 | €95,198 | €99,945 | +€4,747 | +5.0% |
| Financial charges | 65/66B | €23,355 | €43,529 | +€20,174 | +86.4% |
| Recurring financial charges | 65 | €23,355 | €43,529 | +€20,174 | +86.4% |
| Profit (loss) for the period before taxes | 9903 | €71,842 | €56,415 | -€15,427 | -21.5% |
| Income taxes | 67/77 | €20,670 | €12,429 | -€8,241 | -39.9% |
| Profit (loss) for the period | 9904 | €51,173 | €43,987 | -€7,186 | -14.0% |
| Profit (loss) for the period to be appropriated | 9905 | €51,173 | €43,987 | -€7,186 | -14.0% |
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 16 October 2026 via checked.be.