VW Consultancy: 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.
VW Consultancy
Largest movements
- Receivables within one year +€145,721
up €145,721 (+521%), from €27,980 to €173,701
of which Other amounts receivable: +€109,053
- Cash -€30,507
down €30,507 (-67.5%), from €45,191 to €14,684
mainly Receivables within one year (-€145,721) and Investment in fixed assets (net) (-€35,862)
- Profit (loss) carried forward +€80,030
new in 2025: €80,030
- Tax, wage and social debts +€41,568
up €41,568 (+258%), from €16,100 to €57,668
of which Taxes: +€41,599
- Other debts -€16,500
down €16,500 (-15.0%), from €110,116 to €93,616
- Gross operating margin +€96,704
up €96,704 (+162%), from €59,804 to €156,508
- Taxes +€23,766
up €23,766 (+372%), from €6,391 to €30,157
- Depreciation +€6,312
up €6,312 (+22.0%), from €28,734 to €35,046
- Other operating charges +€2,479
up €2,479 (+101%), from €2,464 to €4,943
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 | €449,977 | €562,127 | +€112,150 | +24.9% |
| Fixed assets | 21/28 | €366,599 | €367,415 | +€816 | +0.2% |
| Tangible fixed assets | 22/27 | €366,599 | €367,415 | +€816 | +0.2% |
| Land and buildings | 22 | €250,754 | €232,898 | -€17,856 | -7.1% |
| Plant, machinery and equipment | 23 | €8,775 | €31,654 | +€22,879 | +261% |
| Furniture and vehicles | 24 | €2,892 | €2,515 | -€377 | -13.0% |
| Other tangible fixed assets | 26 | €104,177 | €100,347 | -€3,830 | -3.7% |
| Current assets | 29/58 | €83,378 | €194,712 | +€111,335 | +134% |
| Amounts receivable within one year | 40/41 | €27,980 | €173,701 | +€145,721 | +521% |
| Trade receivables | 40 | €23,906 | €60,574 | +€36,668 | +153% |
| Other amounts receivable | 41 | €4,074 | €113,127 | +€109,053 | +2,677% |
| Cash at bank and in hand | 54/58 | €45,191 | €14,684 | -€30,507 | -67.5% |
| Deferred charges and accrued income | 490/1 | €10,207 | €6,328 | -€3,880 | -38.0% |
| Total equity and liabilities | 10/49 | €449,977 | €562,127 | +€112,150 | +24.9% |
| Equity | 10/15 | €75,412 | €155,442 | +€80,030 | +106% |
| Contributions | 10/11 | €42,000 | €42,000 | = | 0.0% |
| Reserves | 13 | €33,412 | €33,412 | = | 0.0% |
| Distributable reserves | 133 | €33,412 | €33,412 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €80,030 | +€80,030 | |
| Amounts payable | 17/49 | €374,565 | €406,685 | +€32,120 | +8.6% |
| Amounts payable after more than one year | 17 | €231,844 | €235,615 | +€3,771 | +1.6% |
| Financial debts | 170/4 | €231,844 | €235,615 | +€3,771 | +1.6% |
| Amounts payable within one year | 42/48 | €142,721 | €171,070 | +€28,349 | +19.9% |
| Current portion of amounts payable after more than one year | 42 | €16,026 | €16,229 | +€203 | +1.3% |
| Trade debts | 44 | €478 | €3,557 | +€3,079 | +644% |
| Suppliers | 440/4 | €478 | €3,557 | +€3,079 | +644% |
| Taxes, remuneration and social security | 45 | €16,100 | €57,668 | +€41,568 | +258% |
| Taxes | 450/3 | €14,438 | €56,037 | +€41,599 | +288% |
| Remuneration and social security | 454/9 | €1,662 | €1,632 | -€31 | -1.8% |
| Other amounts payable | 47/48 | €110,116 | €93,616 | -€16,500 | -15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,734 | €35,046 | +€6,312 | +22.0% |
| Other operating charges | 640/8 | €2,464 | €4,943 | +€2,479 | +101% |
| Gross operating margin | 9900 | €59,804 | €156,508 | +€96,704 | +162% |
| Operating profit (loss) | 9901 | €28,606 | €116,519 | +€87,913 | +307% |
| Financial charges | 65/66B | €6,241 | €6,332 | +€91 | +1.5% |
| Recurring financial charges | 65 | €6,241 | €6,332 | +€91 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | €22,365 | €110,187 | +€87,822 | +393% |
| Income taxes | 67/77 | €6,391 | €30,157 | +€23,766 | +372% |
| Profit (loss) for the period | 9904 | €15,973 | €80,030 | +€64,056 | +401% |
| Profit (loss) for the period to be appropriated | 9905 | €15,973 | €80,030 | +€64,056 | +401% |
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 16 October 2026 via checked.be.