VTB CONSULT: 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.
VTB CONSULT
Largest movements
- Receivables within one year +€41,480
up €41,480 (+66.7%), from €62,204 to €103,684
of which Other amounts receivable: +€31,350
- Cash -€2,483
down €2,483 (-12.9%), from €19,319 to €16,836
mainly Receivables within one year (-€41,480) and Deferred charges and accrued income (-€1,873)
- Deferred charges and accrued income +€1,873
up €1,873 (+77.0%), from €2,433 to €4,306
- Profit (loss) carried forward +€27,734
up €27,734 (+45.7%), from €60,677 to €88,412
- Tax, wage and social debts +€8,495
up €8,495 (+52.2%), from €16,269 to €24,764
- Trade debts +€5,643
up €5,643 (+220%), from €2,569 to €8,213
- Gross operating margin +€7,735
up €7,735 (+21.3%), from €36,239 to €43,974
- Other operating charges +€3,027
up €3,027 (+261%), from €1,159 to €4,186
- Write-downs +€1,995
up €1,995 (+47.9%), from €4,169 to €6,164
- Financial income +€1,015
up €1,015 (+37.9%), from €2,677 to €3,692
- Taxes +€757
up €757 (+9.3%), from €8,157 to €8,913
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 | €84,515 | €126,388 | +€41,873 | +49.5% |
| Fixed assets | 21/28 | €560 | €1,563 | +€1,003 | +179% |
| Tangible fixed assets | 22/27 | €560 | €1,563 | +€1,003 | +179% |
| Furniture and vehicles | 24 | €560 | €1,563 | +€1,003 | +179% |
| Current assets | 29/58 | €83,956 | €124,826 | +€40,870 | +48.7% |
| Amounts receivable within one year | 40/41 | €62,204 | €103,684 | +€41,480 | +66.7% |
| Trade receivables | 40 | €9,750 | €19,880 | +€10,130 | +104% |
| Other amounts receivable | 41 | €52,454 | €83,804 | +€31,350 | +59.8% |
| Cash at bank and in hand | 54/58 | €19,319 | €16,836 | -€2,483 | -12.9% |
| Deferred charges and accrued income | 490/1 | €2,433 | €4,306 | +€1,873 | +77.0% |
| Total equity and liabilities | 10/49 | €84,515 | €126,388 | +€41,873 | +49.5% |
| Equity | 10/15 | €65,677 | €93,412 | +€27,734 | +42.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,677 | €88,412 | +€27,734 | +45.7% |
| Amounts payable | 17/49 | €18,838 | €32,977 | +€14,139 | +75.1% |
| Amounts payable within one year | 42/48 | €18,838 | €32,977 | +€14,139 | +75.1% |
| Trade debts | 44 | €2,569 | €8,213 | +€5,643 | +220% |
| Suppliers | 440/4 | €2,569 | €8,213 | +€5,643 | +220% |
| Taxes, remuneration and social security | 45 | €16,269 | €24,764 | +€8,495 | +52.2% |
| Taxes | 450/3 | €16,269 | €24,764 | +€8,495 | +52.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €170 | €243 | +€73 | +42.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,169 | €6,164 | +€1,995 | +47.9% |
| Other operating charges | 640/8 | €1,159 | €4,186 | +€3,027 | +261% |
| Gross operating margin | 9900 | €36,239 | €43,974 | +€7,735 | +21.3% |
| Operating profit (loss) | 9901 | €30,741 | €33,381 | +€2,640 | +8.6% |
| Financial income | 75/76B | €2,677 | €3,692 | +€1,015 | +37.9% |
| Recurring financial income | 75 | €2,677 | €3,692 | +€1,015 | +37.9% |
| Financial charges | 65/66B | €538 | €425 | -€113 | -20.9% |
| Recurring financial charges | 65 | €538 | €425 | -€113 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | €32,881 | €36,648 | +€3,767 | +11.5% |
| Income taxes | 67/77 | €8,157 | €8,913 | +€757 | +9.3% |
| Profit (loss) for the period | 9904 | €24,724 | €27,734 | +€3,010 | +12.2% |
| Profit (loss) for the period to be appropriated | 9905 | €24,724 | €27,734 | +€3,010 | +12.2% |
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.