VSt 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.
VSt Consulting
Largest movements
- Cash +€29,694
up €29,694 (+35.5%), from €83,691 to €113,385
mainly Net result for the year (+€43,767) and Depreciation (+€2,970)
- Receivables within one year +€15,350
up €15,350 (+86,479%), from €18 to €15,368
of which Trade receivables: +€15,125
- Tangible fixed assets -€2,354
down €2,354 (-42.8%), from €5,496 to €3,142
of which Furniture and vehicles: -€1,787
- Reserves +€43,767
up €43,767 (+54.3%), from €80,594 to €124,361
- Other operating charges +€3,092
up €3,092, from €0 to €3,092
- Gross operating margin +€1,800
up €1,800 (+2.9%), from €61,563 to €63,362
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 | €90,658 | €133,452 | +€42,793 | +47.2% |
| Fixed assets | 21/28 | €5,496 | €3,142 | -€2,354 | -42.8% |
| Tangible fixed assets | 22/27 | €5,496 | €3,142 | -€2,354 | -42.8% |
| Plant, machinery and equipment | 23 | €225 | €67 | -€157 | -70.1% |
| Furniture and vehicles | 24 | €3,869 | €2,082 | -€1,787 | -46.2% |
| Other tangible fixed assets | 26 | €1,402 | €993 | -€409 | -29.2% |
| Current assets | 29/58 | €85,162 | €130,309 | +€45,147 | +53.0% |
| Amounts receivable within one year | 40/41 | €18 | €15,368 | +€15,350 | +86,479% |
| Trade receivables | 40 | €0 | €15,125 | +€15,125 | |
| Other amounts receivable | 41 | €18 | €243 | +€225 | +1,268% |
| Cash at bank and in hand | 54/58 | €83,691 | €113,385 | +€29,694 | +35.5% |
| Deferred charges and accrued income | 490/1 | €1,454 | €1,557 | +€103 | +7.1% |
| Total equity and liabilities | 10/49 | €90,658 | €133,452 | +€42,793 | +47.2% |
| Equity | 10/15 | €85,594 | €129,361 | +€43,767 | +51.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €80,594 | €124,361 | +€43,767 | +54.3% |
| Distributable reserves | 133 | €80,594 | €124,361 | +€43,767 | +54.3% |
| Amounts payable | 17/49 | €5,064 | €4,091 | -€973 | -19.2% |
| Amounts payable within one year | 42/48 | €4,835 | €4,091 | -€744 | -15.4% |
| Trade debts | 44 | €456 | €782 | +€326 | +71.5% |
| Suppliers | 440/4 | €456 | €782 | +€326 | +71.5% |
| Taxes, remuneration and social security | 45 | €4,110 | €3,309 | -€801 | -19.5% |
| Taxes | 450/3 | €4,110 | €3,307 | -€803 | -19.5% |
| Remuneration and social security | 454/9 | - | €2 | +€2 | |
| Other amounts payable | 47/48 | €269 | €0 | -€269 | -100% |
| Accrued charges and deferred income | 492/3 | €229 | €0 | -€229 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,930 | €2,970 | +€41 | +1.4% |
| Other operating charges | 640/8 | €0 | €3,092 | +€3,092 | |
| Non-recurring operating charges | 66A | - | €148 | +€148 | |
| Gross operating margin | 9900 | €61,563 | €63,362 | +€1,800 | +2.9% |
| Operating profit (loss) | 9901 | €58,633 | €57,152 | -€1,480 | -2.5% |
| Financial income | 75/76B | €14 | €5 | -€9 | -64.2% |
| Recurring financial income | 75 | €14 | €5 | -€9 | -64.2% |
| Financial charges | 65/66B | €2,005 | €1,600 | -€406 | -20.2% |
| Recurring financial charges | 65 | €2,005 | €1,600 | -€406 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | €56,641 | €55,557 | -€1,084 | -1.9% |
| Income taxes | 67/77 | €11,982 | €11,791 | -€192 | -1.6% |
| Profit (loss) for the period | 9904 | €44,659 | €43,767 | -€892 | -2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €44,659 | €43,767 | -€892 | -2.0% |
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 20 October 2026 via checked.be.