VSB SOLUTIONS 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.
VSB SOLUTIONS CONSULTING
Largest movements
- Receivables within one year +€23,178
up €23,178 (+185%), from €12,551 to €35,729
of which Trade receivables: +€15,590
- Cash +€21,847
up €21,847 (+17.4%), from €125,560 to €147,407
mainly Net result for the year (+€48,870) and Depreciation (+€1,935)
- Profit (loss) carried forward +€48,870
up €48,870 (+49.2%), from €99,292 to €148,162
- Tax, wage and social debts -€3,656
down €3,656 (-8.6%), from €42,676 to €39,020
- Gross operating margin -€36,104
down €36,104 (-35.0%), from €103,061 to €66,957
- Taxes -€7,517
down €7,517 (-34.3%), from €21,918 to €14,401
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 | €145,021 | €190,001 | +€44,979 | +31.0% |
| Fixed assets | 21/28 | €6,730 | €5,882 | -€848 | -12.6% |
| Tangible fixed assets | 22/27 | €6,730 | €5,882 | -€848 | -12.6% |
| Furniture and vehicles | 24 | €6,730 | €5,882 | -€848 | -12.6% |
| Current assets | 29/58 | €138,292 | €184,118 | +€45,827 | +33.1% |
| Amounts receivable within one year | 40/41 | €12,551 | €35,729 | +€23,178 | +185% |
| Trade receivables | 40 | €12,000 | €27,590 | +€15,590 | +130% |
| Other amounts receivable | 41 | €551 | €8,139 | +€7,588 | +1,377% |
| Cash at bank and in hand | 54/58 | €125,560 | €147,407 | +€21,847 | +17.4% |
| Deferred charges and accrued income | 490/1 | €181 | €982 | +€801 | +443% |
| Total equity and liabilities | 10/49 | €145,021 | €190,001 | +€44,979 | +31.0% |
| Equity | 10/15 | €101,292 | €150,162 | +€48,870 | +48.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €99,292 | €148,162 | +€48,870 | +49.2% |
| Amounts payable | 17/49 | €43,730 | €39,839 | -€3,891 | -8.9% |
| Amounts payable within one year | 42/48 | €42,930 | €39,039 | -€3,891 | -9.1% |
| Trade debts | 44 | €254 | €19 | -€235 | -92.5% |
| Suppliers | 440/4 | €254 | €19 | -€235 | -92.5% |
| Taxes, remuneration and social security | 45 | €42,676 | €39,020 | -€3,656 | -8.6% |
| Taxes | 450/3 | €42,676 | €39,020 | -€3,656 | -8.6% |
| Accrued charges and deferred income | 492/3 | €800 | €800 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €979 | €1,935 | +€956 | +97.6% |
| Other operating charges | 640/8 | €593 | €378 | -€216 | -36.3% |
| Gross operating margin | 9900 | €103,061 | €66,957 | -€36,104 | -35.0% |
| Operating profit (loss) | 9901 | €101,488 | €64,644 | -€36,844 | -36.3% |
| Financial income | 75/76B | €30 | - | -€30 | |
| Recurring financial income | 75 | €30 | - | -€30 | |
| Financial charges | 65/66B | €2,051 | €1,373 | -€678 | -33.1% |
| Recurring financial charges | 65 | €2,051 | €1,373 | -€678 | -33.1% |
| Profit (loss) for the period before taxes | 9903 | €99,467 | €63,271 | -€36,196 | -36.4% |
| Income taxes | 67/77 | €21,918 | €14,401 | -€7,517 | -34.3% |
| Profit (loss) for the period | 9904 | €77,549 | €48,870 | -€28,679 | -37.0% |
| Profit (loss) for the period to be appropriated | 9905 | €77,549 | €48,870 | -€28,679 | -37.0% |
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 15 October 2026 via checked.be.