Vulsteke Consulting Services: 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.
Vulsteke Consulting Services
Largest movements
- Cash +€14,744
up €14,744 (+49.1%), from €30,035 to €44,779
mainly Net result for the year (+€29,170) and Depreciation (+€705)
- Receivables within one year +€9,224
up €9,224 (+30.7%), from €30,050 to €39,274
of which Other amounts receivable: +€14,655
- Profit (loss) carried forward +€29,170
up €29,170, from €0 to €29,170
- Tax, wage and social debts -€3,438
down €3,438 (-22.5%), from €15,287 to €11,848
- Trade debts -€2,468
down €2,468 (-33.5%), from €7,358 to €4,890
- Gross operating margin -€13,506
down €13,506 (-24.4%), from €55,280 to €41,774
- Taxes -€1,166
down €1,166 (-10.2%), from €11,402 to €10,237
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 | €64,898 | €88,161 | +€23,263 | +35.8% |
| Fixed assets | 21/28 | €849 | €144 | -€705 | -83.0% |
| Tangible fixed assets | 22/27 | €849 | €144 | -€705 | -83.0% |
| Furniture and vehicles | 24 | €849 | €144 | -€705 | -83.0% |
| Current assets | 29/58 | €64,049 | €88,017 | +€23,968 | +37.4% |
| Amounts receivable within one year | 40/41 | €30,050 | €39,274 | +€9,224 | +30.7% |
| Trade receivables | 40 | €23,417 | €17,985 | -€5,431 | -23.2% |
| Other amounts receivable | 41 | €6,633 | €21,289 | +€14,655 | +221% |
| Cash at bank and in hand | 54/58 | €30,035 | €44,779 | +€14,744 | +49.1% |
| Deferred charges and accrued income | 490/1 | €3,964 | €3,964 | = | 0.0% |
| Total equity and liabilities | 10/49 | €64,898 | €88,161 | +€23,263 | +35.8% |
| Equity | 10/15 | €42,253 | €71,423 | +€29,170 | +69.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Contributions outside capital | 11 | - | €2,500 | +€2,500 | |
| Other | 1109/19 | - | €2,500 | +€2,500 | |
| Reserves | 13 | €39,753 | €39,753 | = | 0.0% |
| Distributable reserves | 133 | €39,753 | €39,753 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €29,170 | +€29,170 | |
| Amounts payable | 17/49 | €22,645 | €16,738 | -€5,907 | -26.1% |
| Amounts payable within one year | 42/48 | €22,645 | €16,738 | -€5,907 | -26.1% |
| Trade debts | 44 | €7,358 | €4,890 | -€2,468 | -33.5% |
| Suppliers | 440/4 | €7,358 | €4,890 | -€2,468 | -33.5% |
| Taxes, remuneration and social security | 45 | €15,287 | €11,848 | -€3,438 | -22.5% |
| Taxes | 450/3 | €15,287 | €11,848 | -€3,438 | -22.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €560 | €705 | +€144 | +25.8% |
| Other operating charges | 640/8 | €2,202 | €1,706 | -€496 | -22.5% |
| Gross operating margin | 9900 | €55,280 | €41,774 | -€13,506 | -24.4% |
| Operating profit (loss) | 9901 | €52,518 | €39,363 | -€13,155 | -25.0% |
| Financial income | 75/76B | €49 | €113 | +€64 | +131% |
| Recurring financial income | 75 | €49 | €113 | +€64 | +131% |
| Financial charges | 65/66B | €58 | €70 | +€12 | +20.8% |
| Recurring financial charges | 65 | €58 | €70 | +€12 | +20.8% |
| Profit (loss) for the period before taxes | 9903 | €52,509 | €39,406 | -€13,103 | -25.0% |
| Income taxes | 67/77 | €11,402 | €10,237 | -€1,166 | -10.2% |
| Profit (loss) for the period | 9904 | €41,107 | €29,170 | -€11,937 | -29.0% |
| Profit (loss) for the period to be appropriated | 9905 | €41,107 | €29,170 | -€11,937 | -29.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.