Vulpec 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.
Vulpec Consulting
Largest movements
- Receivables within one year +€29,796
up €29,796 (+1444.9%), from €2,062 to €31,858
of which Trade receivables: +€30,025
- Cash +€28,440
up €28,440 (+204.9%), from €13,879 to €42,319
mainly Net result for the year (+€37,858) and Tax, wage and social debts (+€12,910)
- Tangible fixed assets +€1,109
up €1,109 (+344.4%), from €322 to €1,430
- Profit (loss) carried forward +€37,858
up €37,858, from -€11,037 to €26,821
- Tax, wage and social debts +€12,910
up €12,910 (+2868.9%), from €450 to €13,360
of which Taxes: +€12,910
- Other debts +€5,990
up €5,990 (+24.2%), from €24,790 to €30,780
- Trade debts +€2,444
up €2,444 (+2193.4%), from €111 to €2,556
- Gross operating margin +€54,580
up €54,580, from -€2,149 to €52,431
- Taxes +€10,484
up €10,484 (+8190.3%), from €128 to €10,612
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.
Cash bridge derived
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 | €16,714 | €75,916 | +€59,202 | +354.2% |
| Fixed assets | 21/28 | €322 | €1,430 | +€1,109 | +344.4% |
| Tangible fixed assets | 22/27 | €322 | €1,430 | +€1,109 | +344.4% |
| Furniture and vehicles | 24 | €322 | €1,430 | +€1,109 | +344.4% |
| Current assets | 29/58 | €16,392 | €74,486 | +€58,093 | +354.4% |
| Amounts receivable within one year | 40/41 | €2,062 | €31,858 | +€29,796 | +1444.9% |
| Trade receivables | 40 | €1,461 | €31,486 | +€30,025 | +2055.0% |
| Other amounts receivable | 41 | €601 | €372 | -€229 | -38.1% |
| Cash at bank and in hand | 54/58 | €13,879 | €42,319 | +€28,440 | +204.9% |
| Deferred charges and accrued income | 490/1 | €451 | €309 | -€142 | -31.6% |
| Total equity and liabilities | 10/49 | €16,714 | €75,916 | +€59,202 | +354.2% |
| Equity | 10/15 | -€8,637 | €29,221 | +€37,858 | |
| Contributions | 10/11 | €2,400 | €2,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,037 | €26,821 | +€37,858 | |
| Amounts payable | 17/49 | €25,351 | €46,696 | +€21,344 | +84.2% |
| Amounts payable within one year | 42/48 | €25,351 | €46,696 | +€21,344 | +84.2% |
| Trade debts | 44 | €111 | €2,556 | +€2,444 | +2193.4% |
| Suppliers | 440/4 | €111 | €2,556 | +€2,444 | +2193.4% |
| Taxes, remuneration and social security | 45 | €450 | €13,360 | +€12,910 | +2868.9% |
| Taxes | 450/3 | €450 | €13,360 | +€12,910 | +2868.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €24,790 | €30,780 | +€5,990 | +24.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €275 | €320 | +€44 | +16.1% |
| Other operating charges | 640/8 | €304 | €314 | +€10 | +3.4% |
| Non-recurring operating charges | 66A | €384 | €491 | +€107 | +27.8% |
| Gross operating margin | 9900 | -€2,149 | €52,431 | +€54,580 | |
| Operating profit (loss) | 9901 | -€3,113 | €51,306 | +€54,418 | |
| Financial income | 75/76B | €0 | €9 | +€9 | +8063.6% |
| Recurring financial income | 75 | €0 | €9 | +€9 | +8063.6% |
| Financial charges | 65/66B | €3,045 | €2,845 | -€200 | -6.6% |
| Recurring financial charges | 65 | €3,045 | €2,845 | -€200 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | -€6,157 | €48,469 | +€54,627 | |
| Income taxes | 67/77 | €128 | €10,612 | +€10,484 | +8190.3% |
| Profit (loss) for the period | 9904 | -€6,285 | €37,858 | +€44,143 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,285 | €37,858 | +€44,143 |
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 9 October 2026 via checked.be.