VD CONSULT: what changed
Two fiscal 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.
VD CONSULT
Largest movements
- Receivables within one year +€3,327
up €3,327 (+29.1%), from €11,431 to €14,758
of which Trade receivables: +€2,336
- Cash -€898
down €898 (-2.6%), from €35,052 to €34,154
mainly Contributions, distributions and other (-€7,587) and Receivables within one year (-€3,327)
- Other debts +€7,208
new in 2024: €7,208
- Reserves -€7,149
down €7,149 (-21.1%), from €33,885 to €26,735
- Trade debts +€1,252
new in 2024: €1,252
- Gross operating margin -€17,078
down €17,078 (-94.2%), from €18,124 to €1,046
- Taxes -€824
down €824, from €1 to -€824
- Depreciation +€353
up €353 (+836.0%), from €42 to €395
- Other operating charges -€220
down €220 (-18.3%), from €1,206 to €986
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €52,485 | €54,174 | +€1,690 | +3.2% |
| Fixed assets | 21/28 | €1,932 | €1,537 | -€395 | -20.4% |
| Tangible fixed assets | 22/27 | €1,932 | €1,537 | -€395 | -20.4% |
| Plant, machinery and equipment | 23 | €1,932 | €1,537 | -€395 | -20.4% |
| Current assets | 29/58 | €50,553 | €52,637 | +€2,085 | +4.1% |
| Stocks and contracts in progress | 3 | €2,780 | €2,372 | -€408 | -14.7% |
| Stocks | 30/36 | €2,780 | €2,372 | -€408 | -14.7% |
| Amounts receivable within one year | 40/41 | €11,431 | €14,758 | +€3,327 | +29.1% |
| Trade receivables | 40 | €8,077 | €10,414 | +€2,336 | +28.9% |
| Other amounts receivable | 41 | €3,354 | €4,345 | +€991 | +29.6% |
| Cash at bank and in hand | 54/58 | €35,052 | €34,154 | -€898 | -2.6% |
| Deferred charges and accrued income | 490/1 | €1,290 | €1,352 | +€63 | +4.9% |
| Total equity and liabilities | 10/49 | €52,485 | €54,174 | +€1,690 | +3.2% |
| Equity | 10/15 | €52,485 | €45,335 | -€7,149 | -13.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €33,885 | €26,735 | -€7,149 | -21.1% |
| Distributable reserves | 133 | €33,885 | €26,735 | -€7,149 | -21.1% |
| Amounts payable | 17/49 | - | €8,839 | +€8,839 | |
| Amounts payable within one year | 42/48 | - | €8,839 | +€8,839 | |
| Trade debts | 44 | - | €1,252 | +€1,252 | |
| Suppliers | 440/4 | - | €1,252 | +€1,252 | |
| Taxes, remuneration and social security | 45 | - | €379 | +€379 | |
| Taxes | 450/3 | - | €379 | +€379 | |
| Other amounts payable | 47/48 | - | €7,208 | +€7,208 | |
| Non-recurring operating income | 76A | €28,000 | - | -€28,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42 | €395 | +€353 | +836.0% |
| Other operating charges | 640/8 | €1,206 | €986 | -€220 | -18.3% |
| Gross operating margin | 9900 | €18,124 | €1,046 | -€17,078 | -94.2% |
| Operating profit (loss) | 9901 | €16,875 | -€335 | -€17,210 | |
| Financial income | 75/76B | €75 | €18 | -€57 | -76.0% |
| Recurring financial income | 75 | €75 | €18 | -€57 | -76.0% |
| Financial charges | 65/66B | €159 | €70 | -€90 | -56.4% |
| Recurring financial charges | 65 | €159 | €70 | -€90 | -56.4% |
| Profit (loss) for the period before taxes | 9903 | €16,791 | -€386 | -€17,177 | |
| Income taxes | 67/77 | €1 | -€824 | -€824 | |
| Profit (loss) for the period | 9904 | €16,790 | €438 | -€16,352 | -97.4% |
| Profit (loss) for the period to be appropriated | 9905 | €16,790 | €438 | -€16,352 | -97.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.