VTS 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.
VTS Consulting
Largest movements
- Receivables within one year -€97,105
down €97,105 (-24.4%), from €397,387 to €300,281
of which Trade receivables: -€76,462
- Receivables after one year -€95,000
no longer reported in 2025 (was €95,000)
- Tangible fixed assets -€45,350
down €45,350 (-26.1%), from €173,991 to €128,641
of which Furniture and vehicles: -€45,017
- Profit (loss) carried forward -€152,588
down €152,588, from €710 to -€151,879
- Trade debts -€83,782
down €83,782 (-93.6%), from €89,481 to €5,699
- Tax, wage and social debts +€78,395
up €78,395 (+264%), from €29,744 to €108,139
of which Taxes: +€58,261
- Debts after one year -€28,389
down €28,389 (-13.1%), from €216,799 to €188,410
- Accrued charges and deferred income -€27,369
no longer reported in 2025 (was €27,369)
- Gross operating margin -€89,391
down €89,391 (-16.6%), from €539,138 to €449,747
- Staff costs +€60,737
up €60,737 (+12.8%), from €473,235 to €533,972
- Depreciation +€10,689
up €10,689 (+24.3%), from €44,058 to €54,746
- Taxes -€7,410
down €7,410 (-99.7%), from €7,433 to €23
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 | €674,146 | €437,191 | -€236,955 | -35.1% |
| Fixed assets | 21/28 | €181,491 | €136,141 | -€45,350 | -25.0% |
| Tangible fixed assets | 22/27 | €173,991 | €128,641 | -€45,350 | -26.1% |
| Plant, machinery and equipment | 23 | €1,383 | €1,050 | -€333 | -24.1% |
| Furniture and vehicles | 24 | €172,608 | €127,591 | -€45,017 | -26.1% |
| Financial fixed assets | 28 | €7,500 | €7,500 | = | 0.0% |
| Current assets | 29/58 | €492,655 | €301,051 | -€191,604 | -38.9% |
| Amounts receivable after more than one year | 29 | €95,000 | - | -€95,000 | |
| Other amounts receivable | 291 | €95,000 | - | -€95,000 | |
| Amounts receivable within one year | 40/41 | €397,387 | €300,281 | -€97,105 | -24.4% |
| Trade receivables | 40 | €306,743 | €230,281 | -€76,462 | -24.9% |
| Other amounts receivable | 41 | €90,644 | €70,000 | -€20,644 | -22.8% |
| Cash at bank and in hand | 54/58 | €268 | €594 | +€326 | +121% |
| Deferred charges and accrued income | 490/1 | - | €175 | +€175 | |
| Total equity and liabilities | 10/49 | €674,146 | €437,191 | -€236,955 | -35.1% |
| Equity | 10/15 | €246,433 | €93,844 | -€152,588 | -61.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €233,323 | €233,323 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €231,463 | €231,463 | = | 0.0% |
| Profit (loss) carried forward | 14 | €710 | -€151,879 | -€152,588 | |
| Amounts payable | 17/49 | €427,714 | €343,347 | -€84,367 | -19.7% |
| Amounts payable after more than one year | 17 | €216,799 | €188,410 | -€28,389 | -13.1% |
| Financial debts | 170/4 | €216,799 | €188,410 | -€28,389 | -13.1% |
| Amounts payable within one year | 42/48 | €183,546 | €154,938 | -€28,608 | -15.6% |
| Current portion of amounts payable after more than one year | 42 | €64,321 | €38,789 | -€25,532 | -39.7% |
| Trade debts | 44 | €89,481 | €5,699 | -€83,782 | -93.6% |
| Suppliers | 440/4 | €89,481 | €5,699 | -€83,782 | -93.6% |
| Taxes, remuneration and social security | 45 | €29,744 | €108,139 | +€78,395 | +264% |
| Taxes | 450/3 | - | €58,261 | +€58,261 | |
| Remuneration and social security | 454/9 | €29,744 | €49,878 | +€20,133 | +67.7% |
| Other amounts payable | 47/48 | - | €2,311 | +€2,311 | |
| Accrued charges and deferred income | 492/3 | €27,369 | - | -€27,369 | |
| Remuneration, social security and pensions | 62 | €473,235 | €533,972 | +€60,737 | +12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,058 | €54,746 | +€10,689 | +24.3% |
| Other operating charges | 640/8 | €5,143 | €2,162 | -€2,982 | -58.0% |
| Gross operating margin | 9900 | €539,138 | €449,747 | -€89,391 | -16.6% |
| Operating profit (loss) | 9901 | €16,701 | -€141,134 | -€157,835 | |
| Financial income | 75/76B | €4,133 | €5 | -€4,128 | -99.9% |
| Recurring financial income | 75 | €4,133 | €5 | -€4,128 | -99.9% |
| Financial charges | 65/66B | €12,692 | €11,437 | -€1,254 | -9.9% |
| Recurring financial charges | 65 | €12,692 | €11,437 | -€1,254 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €8,143 | -€152,566 | -€160,708 | |
| Income taxes | 67/77 | €7,433 | €23 | -€7,410 | -99.7% |
| Profit (loss) for the period | 9904 | €710 | -€152,588 | -€153,298 | |
| Profit (loss) for the period to be appropriated | 9905 | €710 | -€152,588 | -€153,298 |
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 21 October 2026 via checked.be.