VSM-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.
VSM-CONSULTING
Largest movements
- Cash -€127
down €127 (-64.8%), from €196 to €69
mainly Net result for the year (-€4,957)
- Profit (loss) carried forward -€4,957
down €4,957 (-3.4%), from -€143,741 to -€148,698
- Trade debts +€4,530
up €4,530 (+70.0%), from €6,470 to €11,000
- Other debts +€300
up €300 (+0.2%), from €129,907 to €130,207
- Gross operating margin -€4,530
new in 2025: -€4,530
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 | €696 | €569 | -€127 | -18.2% |
| Current assets | 29/58 | €696 | €569 | -€127 | -18.2% |
| Amounts receivable within one year | 40/41 | €500 | €500 | = | 0.0% |
| Other amounts receivable | 41 | €500 | €500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €196 | €69 | -€127 | -64.8% |
| Total equity and liabilities | 10/49 | €696 | €569 | -€127 | -18.2% |
| Equity | 10/15 | -€135,681 | -€140,638 | -€4,957 | -3.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€143,741 | -€148,698 | -€4,957 | -3.4% |
| Amounts payable | 17/49 | €136,377 | €141,207 | +€4,830 | +3.5% |
| Amounts payable within one year | 42/48 | €136,377 | €141,207 | +€4,830 | +3.5% |
| Trade debts | 44 | €6,470 | €11,000 | +€4,530 | +70.0% |
| Suppliers | 440/4 | €6,470 | €11,000 | +€4,530 | +70.0% |
| Other amounts payable | 47/48 | €129,907 | €130,207 | +€300 | +0.2% |
| Gross operating margin | 9900 | - | -€4,530 | -€4,530 | |
| Operating profit (loss) | 9901 | - | -€4,530 | -€4,530 | |
| Financial charges | 65/66B | €392 | €427 | +€35 | +9.1% |
| Recurring financial charges | 65 | €392 | €427 | +€35 | +9.1% |
| Profit (loss) for the period before taxes | 9903 | -€392 | -€4,957 | -€4,566 | -1,166% |
| Profit (loss) for the period | 9904 | -€392 | -€4,957 | -€4,566 | -1,166% |
| Profit (loss) for the period to be appropriated | 9905 | -€392 | -€4,957 | -€4,566 | -1,166% |
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.