V.D.S. CONSULT: 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.
V.D.S. CONSULT
Largest movements
- Cash -€96,142
down €96,142 (-47.5%), from €202,527 to €106,385
mainly Debts after one year (-€115,000) and Investment in fixed assets (net) (-€40,021)
- Receivables after one year -€50,000
down €50,000 (-33.5%), from €149,071 to €99,071
- Tangible fixed assets +€31,158
up €31,158 (+8.4%), from €370,247 to €401,405
of which Land and buildings: +€24,579
- Receivables within one year +€8,401
up €8,401 (+11.4%), from €73,783 to €82,185
of which Other amounts receivable: +€12,204
- Debts after one year -€115,000
down €115,000 (-57.5%), from €200,000 to €85,000
- Reserves +€29,234
up €29,234 (+14.8%), from €197,906 to €227,140
of which Distributable reserves: +€29,234
- Other debts -€9,516
down €9,516 (-71.0%), from €13,398 to €3,883
- Gross operating margin -€25,631
down €25,631 (-32.4%), from €79,190 to €53,559
- Depreciation +€7,372
up €7,372 (+494%), from €1,492 to €8,863
- Taxes -€7,081
down €7,081 (-32.9%), from €21,522 to €14,440
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 | €798,844 | €690,947 | -€107,897 | -13.5% |
| Fixed assets | 21/28 | €370,247 | €401,405 | +€31,158 | +8.4% |
| Tangible fixed assets | 22/27 | €370,247 | €401,405 | +€31,158 | +8.4% |
| Land and buildings | 22 | €367,724 | €392,303 | +€24,579 | +6.7% |
| Plant, machinery and equipment | 23 | €581 | €436 | -€145 | -25.0% |
| Furniture and vehicles | 24 | €1,942 | €8,666 | +€6,724 | +346% |
| Current assets | 29/58 | €428,596 | €289,542 | -€139,055 | -32.4% |
| Amounts receivable after more than one year | 29 | €149,071 | €99,071 | -€50,000 | -33.5% |
| Other amounts receivable | 291 | €149,071 | €99,071 | -€50,000 | -33.5% |
| Amounts receivable within one year | 40/41 | €73,783 | €82,185 | +€8,401 | +11.4% |
| Trade receivables | 40 | €13,105 | €9,302 | -€3,803 | -29.0% |
| Other amounts receivable | 41 | €60,679 | €72,883 | +€12,204 | +20.1% |
| Cash at bank and in hand | 54/58 | €202,527 | €106,385 | -€96,142 | -47.5% |
| Deferred charges and accrued income | 490/1 | €3,215 | €1,901 | -€1,314 | -40.9% |
| Total equity and liabilities | 10/49 | €798,844 | €690,947 | -€107,897 | -13.5% |
| Equity | 10/15 | €560,906 | €590,140 | +€29,234 | +5.2% |
| Contributions | 10/11 | €363,000 | €363,000 | = | 0.0% |
| Capital | 10 | €363,000 | €363,000 | = | 0.0% |
| Issued capital | 100 | €363,000 | €363,000 | = | 0.0% |
| Reserves | 13 | €197,906 | €227,140 | +€29,234 | +14.8% |
| Non-distributable reserves | 130/1 | €23,140 | €23,140 | = | 0.0% |
| Legal reserve | 130 | €23,140 | €23,140 | = | 0.0% |
| Distributable reserves | 133 | €174,766 | €204,000 | +€29,234 | +16.7% |
| Amounts payable | 17/49 | €237,938 | €100,807 | -€137,130 | -57.6% |
| Amounts payable after more than one year | 17 | €200,000 | €85,000 | -€115,000 | -57.5% |
| Financial debts | 170/4 | €200,000 | €85,000 | -€115,000 | -57.5% |
| Amounts payable within one year | 42/48 | €37,938 | €15,807 | -€22,130 | -58.3% |
| Trade debts | 44 | €14,789 | €9,440 | -€5,349 | -36.2% |
| Suppliers | 440/4 | €14,789 | €9,440 | -€5,349 | -36.2% |
| Taxes, remuneration and social security | 45 | €9,750 | €2,485 | -€7,265 | -74.5% |
| Taxes | 450/3 | €5,509 | €2,485 | -€3,024 | -54.9% |
| Remuneration and social security | 454/9 | €4,241 | - | -€4,241 | |
| Other amounts payable | 47/48 | €13,398 | €3,883 | -€9,516 | -71.0% |
| Non-recurring operating income | 76A | €25,278 | €25,278 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,492 | €8,863 | +€7,372 | +494% |
| Other operating charges | 640/8 | €192 | €200 | +€8 | +4.1% |
| Gross operating margin | 9900 | €79,190 | €53,559 | -€25,631 | -32.4% |
| Operating profit (loss) | 9901 | €77,506 | €44,496 | -€33,011 | -42.6% |
| Financial income | 75/76B | €0 | €76 | +€76 | +378,150% |
| Recurring financial income | 75 | €0 | €76 | +€76 | +378,150% |
| Financial charges | 65/66B | €895 | €897 | +€3 | +0.3% |
| Recurring financial charges | 65 | €895 | €897 | +€3 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | €76,612 | €43,674 | -€32,938 | -43.0% |
| Income taxes | 67/77 | €21,522 | €14,440 | -€7,081 | -32.9% |
| Profit (loss) for the period | 9904 | €55,090 | €29,234 | -€25,856 | -46.9% |
| Profit (loss) for the period to be appropriated | 9905 | €55,090 | €29,234 | -€25,856 | -46.9% |
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 19 October 2026 via checked.be.