VSY 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.
VSY Consulting
Largest movements
- Current investments -€25,000
no longer reported in 2025 (was €25,000)
- Cash +€17,962
up €17,962 (+149,683%), from €12 to €17,974
mainly Current investments (+€25,000) and Net result for the year (+€12,789)
- Receivables within one year +€5,625
up €5,625 (+731%), from €769 to €6,394
of which Trade receivables: +€3,952
- Tangible fixed assets +€1,548
up €1,548 (+6.7%), from €23,028 to €24,576
of which Furniture and vehicles: +€3,398
- Deferred charges and accrued income -€1,000
down €1,000 (-95.7%), from €1,045 to €45
- Other debts -€21,288
down €21,288 (-86.7%), from €24,558 to €3,270
- Reserves +€12,789
up €12,789 (+83.9%), from €15,249 to €28,038
- Current portion of long-term debt +€4,423
up €4,423 (+176%), from €2,506 to €6,929
- Tax, wage and social debts +€4,230
up €4,230 (+2,005%), from €211 to €4,441
- Trade debts -€1,651
down €1,651 (-88.0%), from €1,876 to €225
- Gross operating margin +€65,951
up €65,951, from -€42,548 to €23,403
- Depreciation +€3,095
up €3,095 (+62.1%), from €4,984 to €8,079
- Financial income -€2,513
down €2,513 (-77.0%), from €3,265 to €752
- Taxes +€1,386
up €1,386 (+1,459%), from €95 to €1,481
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 | €49,854 | €48,989 | -€865 | -1.7% |
| Fixed assets | 21/28 | €23,028 | €24,576 | +€1,548 | +6.7% |
| Tangible fixed assets | 22/27 | €23,028 | €24,576 | +€1,548 | +6.7% |
| Land and buildings | 22 | €14,107 | €12,257 | -€1,850 | -13.1% |
| Furniture and vehicles | 24 | €8,921 | €12,319 | +€3,398 | +38.1% |
| Current assets | 29/58 | €26,826 | €24,413 | -€2,413 | -9.0% |
| Amounts receivable within one year | 40/41 | €769 | €6,394 | +€5,625 | +731% |
| Trade receivables | 40 | €142 | €4,094 | +€3,952 | +2,783% |
| Other amounts receivable | 41 | €627 | €2,300 | +€1,673 | +267% |
| Current investments | 50/53 | €25,000 | - | -€25,000 | |
| Cash at bank and in hand | 54/58 | €12 | €17,974 | +€17,962 | +149,683% |
| Deferred charges and accrued income | 490/1 | €1,045 | €45 | -€1,000 | -95.7% |
| Total equity and liabilities | 10/49 | €49,854 | €48,989 | -€865 | -1.7% |
| Equity | 10/15 | €16,249 | €29,038 | +€12,789 | +78.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €15,249 | €28,038 | +€12,789 | +83.9% |
| Distributable reserves | 133 | €15,249 | €28,038 | +€12,789 | +83.9% |
| Amounts payable | 17/49 | €33,605 | €19,951 | -€13,654 | -40.6% |
| Amounts payable after more than one year | 17 | €3,734 | €4,111 | +€377 | +10.1% |
| Financial debts | 170/4 | €3,734 | €4,111 | +€377 | +10.1% |
| Amounts payable within one year | 42/48 | €29,231 | €14,865 | -€14,366 | -49.1% |
| Current portion of amounts payable after more than one year | 42 | €2,506 | €6,929 | +€4,423 | +176% |
| Financial debts | 43 | €80 | - | -€80 | |
| Credit institutions | 430/8 | €80 | - | -€80 | |
| Trade debts | 44 | €1,876 | €225 | -€1,651 | -88.0% |
| Suppliers | 440/4 | €1,876 | €225 | -€1,651 | -88.0% |
| Taxes, remuneration and social security | 45 | €211 | €4,441 | +€4,230 | +2,005% |
| Taxes | 450/3 | €211 | €4,441 | +€4,230 | +2,005% |
| Other amounts payable | 47/48 | €24,558 | €3,270 | -€21,288 | -86.7% |
| Accrued charges and deferred income | 492/3 | €640 | €975 | +€335 | +52.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,984 | €8,079 | +€3,095 | +62.1% |
| Other operating charges | 640/8 | €1,125 | €1,060 | -€65 | -5.8% |
| Gross operating margin | 9900 | -€42,548 | €23,403 | +€65,951 | |
| Operating profit (loss) | 9901 | -€48,657 | €14,264 | +€62,921 | |
| Financial income | 75/76B | €3,265 | €752 | -€2,513 | -77.0% |
| Recurring financial income | 75 | €3,265 | €752 | -€2,513 | -77.0% |
| Financial charges | 65/66B | €1,025 | €746 | -€279 | -27.2% |
| Recurring financial charges | 65 | €1,025 | €746 | -€279 | -27.2% |
| Profit (loss) for the period before taxes | 9903 | -€46,417 | €14,270 | +€60,687 | |
| Income taxes | 67/77 | €95 | €1,481 | +€1,386 | +1,459% |
| Profit (loss) for the period | 9904 | -€46,512 | €12,789 | +€59,301 | |
| Profit (loss) for the period to be appropriated | 9905 | -€46,512 | €12,789 | +€59,301 |
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 25 October 2026 via checked.be.