Vandelay 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.
Vandelay Consultancy
Largest movements
- Cash +€48,318
up €48,318 (+41.2%), from €117,274 to €165,592
mainly Net result for the year (+€163,775) and Other debts (+€163,750)
- Receivables within one year +€23,851
up €23,851 (+127.7%), from €18,681 to €42,532
of which Other amounts receivable: +€20,766
- Deferred charges and accrued income +€3,113
up €3,113 (+206.8%), from €1,505 to €4,618
- Tangible fixed assets +€2,888
up €2,888 (+32.6%), from €8,858 to €11,745
of which Other tangible fixed assets: +€6,087
- Other debts +€163,750
new in 2025: €163,750
- Reserves -€110,164
no longer reported in 2025 (was €110,164)
- Tax, wage and social debts +€21,761
up €21,761 (+85.6%), from €25,425 to €47,186
- Trade debts +€2,937
up €2,937 (+1282.3%), from €229 to €3,166
- Gross operating margin +€72,741
up €72,741 (+49.0%), from €148,364 to €221,105
- Taxes +€17,962
up €17,962 (+54.2%), from €33,113 to €51,075
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 | €146,319 | €224,488 | +€78,169 | +53.4% |
| Fixed assets | 21/28 | €8,858 | €11,745 | +€2,888 | +32.6% |
| Tangible fixed assets | 22/27 | €8,858 | €11,745 | +€2,888 | +32.6% |
| Plant, machinery and equipment | 23 | €2,550 | €556 | -€1,993 | -78.2% |
| Furniture and vehicles | 24 | €6,308 | €5,102 | -€1,206 | -19.1% |
| Other tangible fixed assets | 26 | - | €6,087 | +€6,087 | |
| Current assets | 29/58 | €137,461 | €212,743 | +€75,282 | +54.8% |
| Amounts receivable within one year | 40/41 | €18,681 | €42,532 | +€23,851 | +127.7% |
| Trade receivables | 40 | €15,066 | €18,150 | +€3,084 | +20.5% |
| Other amounts receivable | 41 | €3,616 | €24,382 | +€20,766 | +574.4% |
| Cash at bank and in hand | 54/58 | €117,274 | €165,592 | +€48,318 | +41.2% |
| Deferred charges and accrued income | 490/1 | €1,505 | €4,618 | +€3,113 | +206.8% |
| Total equity and liabilities | 10/49 | €146,319 | €224,488 | +€78,169 | +53.4% |
| Equity | 10/15 | €120,164 | €10,025 | -€110,139 | -91.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €110,164 | - | -€110,164 | |
| Distributable reserves | 133 | €110,164 | - | -€110,164 | |
| Profit (loss) carried forward | 14 | - | €25 | +€25 | |
| Amounts payable | 17/49 | €26,155 | €214,463 | +€188,308 | +720.0% |
| Amounts payable within one year | 42/48 | €25,654 | €214,102 | +€188,448 | +734.6% |
| Trade debts | 44 | €229 | €3,166 | +€2,937 | +1282.3% |
| Suppliers | 440/4 | €229 | €3,166 | +€2,937 | +1282.3% |
| Taxes, remuneration and social security | 45 | €25,425 | €47,186 | +€21,761 | +85.6% |
| Taxes | 450/3 | €25,425 | €47,186 | +€21,761 | +85.6% |
| Other amounts payable | 47/48 | - | €163,750 | +€163,750 | |
| Accrued charges and deferred income | 492/3 | €501 | €361 | -€140 | -28.0% |
| Remuneration, social security and pensions | 62 | €315 | €244 | -€71 | -22.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,804 | €4,830 | +€1,025 | +27.0% |
| Other operating charges | 640/8 | €2,081 | €1,241 | -€841 | -40.4% |
| Gross operating margin | 9900 | €148,364 | €221,105 | +€72,741 | +49.0% |
| Operating profit (loss) | 9901 | €142,163 | €214,791 | +€72,627 | +51.1% |
| Financial income | 75/76B | €1,227 | €206 | -€1,021 | -83.2% |
| Recurring financial income | 75 | €1,227 | €206 | -€1,021 | -83.2% |
| Financial charges | 65/66B | €113 | €146 | +€33 | +28.7% |
| Recurring financial charges | 65 | €113 | €146 | +€33 | +28.7% |
| Profit (loss) for the period before taxes | 9903 | €143,277 | €214,850 | +€71,574 | +50.0% |
| Income taxes | 67/77 | €33,113 | €51,075 | +€17,962 | +54.2% |
| Profit (loss) for the period | 9904 | €110,164 | €163,775 | +€53,611 | +48.7% |
| Profit (loss) for the period to be appropriated | 9905 | €110,164 | €163,775 | +€53,611 | +48.7% |
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.