VST CONSULT: 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.
VST CONSULT
Largest movements
- Cash -€23,762
down €23,762 (-25.9%), from €91,655 to €67,894
mainly Net result for the year (-€37,550) and Trade debts (-€2,077)
- Receivables within one year -€12,336
down €12,336 (-97.1%), from €12,705 to €370
- Tangible fixed assets -€4,134
down €4,134 (-97.8%), from €4,229 to €94
of which Furniture and vehicles: -€4,057
- Profit (loss) carried forward -€37,550
down €37,550 (-65.5%), from -€57,365 to -€94,915
- Trade debts -€2,077
down €2,077 (-74.4%), from €2,792 to €716
- Other debts -€1,420
down €1,420 (-58.2%), from €2,442 to €1,021
- Gross operating margin +€25,326
up €25,326 (+44.1%), from -€57,468 to -€32,141
- Depreciation -€5,860
down €5,860 (-58.6%), from €9,995 to €4,134
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 | €113,786 | €72,880 | -€40,906 | -35.9% |
| Fixed assets | 21/28 | €4,229 | €94 | -€4,134 | -97.8% |
| Tangible fixed assets | 22/27 | €4,229 | €94 | -€4,134 | -97.8% |
| Land and buildings | 22 | €77 | - | -€77 | |
| Furniture and vehicles | 24 | €4,151 | €94 | -€4,057 | -97.7% |
| Current assets | 29/58 | €109,557 | €72,786 | -€36,771 | -33.6% |
| Stocks and contracts in progress | 3 | €4,000 | €4,000 | = | 0.0% |
| Stocks | 30/36 | €4,000 | €4,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €12,705 | €370 | -€12,336 | -97.1% |
| Other amounts receivable | 41 | €12,705 | €370 | -€12,336 | -97.1% |
| Cash at bank and in hand | 54/58 | €91,655 | €67,894 | -€23,762 | -25.9% |
| Deferred charges and accrued income | 490/1 | €1,196 | €522 | -€674 | -56.3% |
| Total equity and liabilities | 10/49 | €113,786 | €72,880 | -€40,906 | -35.9% |
| Equity | 10/15 | €108,552 | €71,002 | -€37,550 | -34.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €159,717 | €159,717 | = | 0.0% |
| Distributable reserves | 133 | €159,717 | €159,717 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€57,365 | -€94,915 | -€37,550 | -65.5% |
| Amounts payable | 17/49 | €5,234 | €1,878 | -€3,356 | -64.1% |
| Amounts payable within one year | 42/48 | €5,234 | €1,878 | -€3,356 | -64.1% |
| Trade debts | 44 | €2,792 | €716 | -€2,077 | -74.4% |
| Suppliers | 440/4 | €2,792 | €716 | -€2,077 | -74.4% |
| Taxes, remuneration and social security | 45 | - | €141 | +€141 | |
| Taxes | 450/3 | - | €141 | +€141 | |
| Other amounts payable | 47/48 | €2,442 | €1,021 | -€1,420 | -58.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,995 | €4,134 | -€5,860 | -58.6% |
| Other operating charges | 640/8 | €1,263 | €972 | -€291 | -23.0% |
| Gross operating margin | 9900 | -€57,468 | -€32,141 | +€25,326 | +44.1% |
| Operating profit (loss) | 9901 | -€68,725 | -€37,248 | +€31,477 | +45.8% |
| Financial income | 75/76B | €0 | €87 | +€86 | +27803.2% |
| Recurring financial income | 75 | €0 | €87 | +€86 | +27803.2% |
| Financial charges | 65/66B | €25 | €113 | +€88 | +354.2% |
| Recurring financial charges | 65 | €25 | €113 | +€88 | +354.2% |
| Profit (loss) for the period before taxes | 9903 | -€68,750 | -€37,274 | +€31,475 | +45.8% |
| Income taxes | 67/77 | - | €275 | +€275 | |
| Profit (loss) for the period | 9904 | -€68,750 | -€37,550 | +€31,200 | +45.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€68,750 | -€37,550 | +€31,200 | +45.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.