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
- Current investments +€45,000
up €45,000 (+180%), from €25,000 to €70,000
- Tangible fixed assets +€17,180
new in 2025: €17,180
- Receivables within one year +€2,239
up €2,239 (+24.0%), from €9,317 to €11,556
of which Trade receivables: +€3,570
- Cash +€1,340
up €1,340 (+10.8%), from €12,438 to €13,777
mainly Net result for the year (+€60,720) and Tax, wage and social debts (+€5,125)
- Reserves +€88,239
new in 2025: €88,239
- Profit (loss) carried forward -€27,518
no longer reported in 2025 (was €27,518)
- Tax, wage and social debts +€5,125
up €5,125 (+31.4%), from €16,300 to €21,425
- Trade debts +€1,646
up €1,646 (+1,590%), from €104 to €1,750
- Gross operating margin +€40,569
up €40,569 (+108%), from €37,532 to €78,101
- Taxes +€8,405
up €8,405 (+113%), from €7,455 to €15,860
- Financial income +€994
up €994 (+9,940,000%), from €0 to €994
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 | €46,755 | €113,414 | +€66,659 | +143% |
| Fixed assets | 21/28 | - | €17,180 | +€17,180 | |
| Tangible fixed assets | 22/27 | - | €17,180 | +€17,180 | |
| Other tangible fixed assets | 26 | - | €17,180 | +€17,180 | |
| Current assets | 29/58 | €46,755 | €96,234 | +€49,479 | +106% |
| Amounts receivable within one year | 40/41 | €9,317 | €11,556 | +€2,239 | +24.0% |
| Trade receivables | 40 | €6,797 | €10,367 | +€3,570 | +52.5% |
| Other amounts receivable | 41 | €2,520 | €1,190 | -€1,330 | -52.8% |
| Current investments | 50/53 | €25,000 | €70,000 | +€45,000 | +180% |
| Cash at bank and in hand | 54/58 | €12,438 | €13,777 | +€1,340 | +10.8% |
| Deferred charges and accrued income | 490/1 | - | €900 | +€900 | |
| Total equity and liabilities | 10/49 | €46,755 | €113,414 | +€66,659 | +143% |
| Equity | 10/15 | €29,518 | €90,239 | +€60,720 | +206% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €88,239 | +€88,239 | |
| Distributable reserves | 133 | - | €88,239 | +€88,239 | |
| Profit (loss) carried forward | 14 | €27,518 | - | -€27,518 | |
| Amounts payable | 17/49 | €17,237 | €23,175 | +€5,938 | +34.5% |
| Amounts payable within one year | 42/48 | €17,237 | €23,175 | +€5,938 | +34.5% |
| Trade debts | 44 | €104 | €1,750 | +€1,646 | +1,590% |
| Suppliers | 440/4 | €104 | €1,750 | +€1,646 | +1,590% |
| Taxes, remuneration and social security | 45 | €16,300 | €21,425 | +€5,125 | +31.4% |
| Taxes | 450/3 | €16,300 | €21,425 | +€5,125 | +31.4% |
| Other amounts payable | 47/48 | €833 | - | -€833 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €710 | +€710 | |
| Other operating charges | 640/8 | €802 | €195 | -€607 | -75.7% |
| Gross operating margin | 9900 | €37,532 | €78,101 | +€40,569 | +108% |
| Operating profit (loss) | 9901 | €36,730 | €77,197 | +€40,466 | +110% |
| Financial income | 75/76B | €0 | €994 | +€994 | +9,940,000% |
| Recurring financial income | 75 | €0 | €994 | +€994 | +9,940,000% |
| Financial charges | 65/66B | €924 | €1,610 | +€686 | +74.2% |
| Recurring financial charges | 65 | €924 | €1,610 | +€686 | +74.2% |
| Profit (loss) for the period before taxes | 9903 | €35,806 | €76,581 | +€40,774 | +114% |
| Income taxes | 67/77 | €7,455 | €15,860 | +€8,405 | +113% |
| Profit (loss) for the period | 9904 | €28,351 | €60,720 | +€32,369 | +114% |
| Profit (loss) for the period to be appropriated | 9905 | €28,351 | €60,720 | +€32,369 | +114% |
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 18 October 2026 via checked.be.