VUSKENS 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.
VUSKENS CONSULTING
Largest movements
- Tangible fixed assets +€413,400
up €413,400 (+105%), from €394,395 to €807,796
of which Land and buildings: +€415,166
- Receivables within one year -€30,719
down €30,719 (-12.1%), from €254,559 to €223,840
of which Trade receivables: -€31,837
- Debts after one year +€405,000
up €405,000 (+68.5%), from €591,120 to €996,120
- Profit (loss) carried forward -€59,209
down €59,209 (-229%), from -€25,896 to -€85,105
- Current portion of long-term debt +€20,000
new in 2026: €20,000
- Gross operating margin -€48,467
down €48,467, from €29,744 to -€18,723
- Other operating charges -€6,862
down €6,862 (-46.7%), from €14,692 to €7,831
- Depreciation +€1,853
up €1,853 (+6.1%), from €30,271 to €32,124
- Financial charges -€730
down €730 (-56.0%), from €1,305 to €575
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €678,510 | €1,055,308 | +€376,798 | +55.5% |
| Fixed assets | 21/28 | €394,606 | €808,006 | +€413,400 | +105% |
| Tangible fixed assets | 22/27 | €394,395 | €807,796 | +€413,400 | +105% |
| Land and buildings | 22 | €389,251 | €804,416 | +€415,166 | +107% |
| Plant, machinery and equipment | 23 | €1,276 | €2,863 | +€1,588 | +124% |
| Furniture and vehicles | 24 | €3,869 | €516 | -€3,353 | -86.7% |
| Financial fixed assets | 28 | €211 | €211 | = | 0.0% |
| Current assets | 29/58 | €283,904 | €247,302 | -€36,603 | -12.9% |
| Stocks and contracts in progress | 3 | €8,541 | €6,541 | -€2,000 | -23.4% |
| Stocks | 30/36 | €8,541 | €6,541 | -€2,000 | -23.4% |
| Amounts receivable within one year | 40/41 | €254,559 | €223,840 | -€30,719 | -12.1% |
| Trade receivables | 40 | €254,559 | €222,722 | -€31,837 | -12.5% |
| Other amounts receivable | 41 | - | €1,118 | +€1,118 | |
| Cash at bank and in hand | 54/58 | €17,431 | €12,985 | -€4,446 | -25.5% |
| Deferred charges and accrued income | 490/1 | €3,373 | €3,936 | +€562 | +16.7% |
| Total equity and liabilities | 10/49 | €678,510 | €1,055,308 | +€376,798 | +55.5% |
| Equity | 10/15 | €24,287 | -€34,922 | -€59,209 | |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €28,183 | €28,183 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,625 | €2,625 | = | 0.0% |
| Distributable reserves | 133 | €25,558 | €25,558 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,896 | -€85,105 | -€59,209 | -229% |
| Amounts payable | 17/49 | €654,223 | €1,090,230 | +€436,007 | +66.6% |
| Amounts payable after more than one year | 17 | €591,120 | €996,120 | +€405,000 | +68.5% |
| Financial debts | 170/4 | €591,120 | €996,120 | +€405,000 | +68.5% |
| Amounts payable within one year | 42/48 | €63,058 | €94,110 | +€31,052 | +49.2% |
| Current portion of amounts payable after more than one year | 42 | - | €20,000 | +€20,000 | |
| Trade debts | 44 | €23,191 | €27,854 | +€4,663 | +20.1% |
| Suppliers | 440/4 | €23,191 | €27,854 | +€4,663 | +20.1% |
| Taxes, remuneration and social security | 45 | €2,230 | €0 | -€2,230 | -100% |
| Taxes | 450/3 | €2,230 | €0 | -€2,230 | -100% |
| Other amounts payable | 47/48 | €37,636 | €46,255 | +€8,619 | +22.9% |
| Accrued charges and deferred income | 492/3 | €45 | €0 | -€45 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,271 | €32,124 | +€1,853 | +6.1% |
| Other operating charges | 640/8 | €14,692 | €7,831 | -€6,862 | -46.7% |
| Gross operating margin | 9900 | €29,744 | -€18,723 | -€48,467 | |
| Operating profit (loss) | 9901 | -€15,220 | -€58,678 | -€43,458 | -286% |
| Financial income | 75/76B | €6 | €43 | +€37 | +606% |
| Recurring financial income | 75 | €6 | €43 | +€37 | +606% |
| Financial charges | 65/66B | €1,305 | €575 | -€730 | -56.0% |
| Recurring financial charges | 65 | €1,305 | €575 | -€730 | -56.0% |
| Profit (loss) for the period before taxes | 9903 | -€16,519 | -€59,209 | -€42,691 | -258% |
| Profit (loss) for the period | 9904 | -€16,519 | -€59,209 | -€42,691 | -258% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,519 | -€59,209 | -€42,691 | -258% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.