VD CONSULTANTS: 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.
VD CONSULTANTS
Largest movements
- Receivables within one year +€39,402
up €39,402 (+36.6%), from €107,527 to €146,929
of which Other amounts receivable: +€23,343
- Cash -€31,600
down €31,600 (-36.2%), from €87,317 to €55,717
mainly Contributions, distributions and other (-€60,019) and Receivables within one year (-€39,402)
- Current investments -€12,744
down €12,744 (-6.1%), from €210,000 to €197,256
- Tangible fixed assets -€10,289
down €10,289 (-7.5%), from €137,780 to €127,491
of which Land and buildings: -€14,777
- Deferred charges and accrued income +€7,338
up €7,338 (+823%), from €892 to €8,229
- Tax, wage and social debts -€22,513
down €22,513 (-68.0%), from €33,095 to €10,582
of which Taxes: -€22,202
- Trade debts +€11,990
up €11,990 (+121%), from €9,928 to €21,918
- Accrued charges and deferred income +€7,323
up €7,323 (+465%), from €1,574 to €8,896
- Debts after one year -€7,056
down €7,056 (-31.6%), from €22,322 to €15,266
- Other operating charges +€7,903
up €7,903 (+858%), from €921 to €8,824
- Gross operating margin -€7,167
down €7,167 (-3.7%), from €194,436 to €187,268
- Staff costs +€5,355
up €5,355 (+8.5%), from €62,816 to €68,171
- Taxes -€4,651
down €4,651 (-14.5%), from €32,108 to €27,457
- Financial income +€2,893
up €2,893 (+250%), from €1,157 to €4,050
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 | €544,778 | €536,885 | -€7,893 | -1.4% |
| Fixed assets | 21/28 | €139,042 | €128,753 | -€10,289 | -7.4% |
| Tangible fixed assets | 22/27 | €137,780 | €127,491 | -€10,289 | -7.5% |
| Land and buildings | 22 | €105,664 | €90,887 | -€14,777 | -14.0% |
| Plant, machinery and equipment | 23 | €12,300 | €12,300 | = | 0.0% |
| Furniture and vehicles | 24 | €19,815 | €24,303 | +€4,488 | +22.7% |
| Financial fixed assets | 28 | €1,262 | €1,262 | = | 0.0% |
| Current assets | 29/58 | €405,736 | €408,132 | +€2,396 | +0.6% |
| Amounts receivable within one year | 40/41 | €107,527 | €146,929 | +€39,402 | +36.6% |
| Trade receivables | 40 | €104,123 | €120,183 | +€16,060 | +15.4% |
| Other amounts receivable | 41 | €3,404 | €26,746 | +€23,343 | +686% |
| Current investments | 50/53 | €210,000 | €197,256 | -€12,744 | -6.1% |
| Cash at bank and in hand | 54/58 | €87,317 | €55,717 | -€31,600 | -36.2% |
| Deferred charges and accrued income | 490/1 | €892 | €8,229 | +€7,338 | +823% |
| Total equity and liabilities | 10/49 | €544,778 | €536,885 | -€7,893 | -1.4% |
| Equity | 10/15 | €471,161 | €473,166 | +€2,005 | +0.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €458,761 | €460,766 | +€2,005 | +0.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €458,761 | €460,766 | +€2,005 | +0.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €73,617 | €63,719 | -€9,898 | -13.4% |
| Amounts payable after more than one year | 17 | €22,322 | €15,266 | -€7,056 | -31.6% |
| Financial debts | 170/4 | €22,322 | €15,266 | -€7,056 | -31.6% |
| Amounts payable within one year | 42/48 | €49,721 | €39,556 | -€10,164 | -20.4% |
| Current portion of amounts payable after more than one year | 42 | €6,698 | €7,056 | +€359 | +5.4% |
| Trade debts | 44 | €9,928 | €21,918 | +€11,990 | +121% |
| Suppliers | 440/4 | €9,928 | €21,918 | +€11,990 | +121% |
| Taxes, remuneration and social security | 45 | €33,095 | €10,582 | -€22,513 | -68.0% |
| Taxes | 450/3 | €30,639 | €8,437 | -€22,202 | -72.5% |
| Remuneration and social security | 454/9 | €2,456 | €2,145 | -€311 | -12.7% |
| Accrued charges and deferred income | 492/3 | €1,574 | €8,896 | +€7,323 | +465% |
| Non-recurring operating income | 76A | €5,430 | €27,449 | +€22,019 | +406% |
| Remuneration, social security and pensions | 62 | €62,816 | €68,171 | +€5,355 | +8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,836 | €21,753 | +€1,917 | +9.7% |
| Other operating charges | 640/8 | €921 | €8,824 | +€7,903 | +858% |
| Gross operating margin | 9900 | €194,436 | €187,268 | -€7,167 | -3.7% |
| Operating profit (loss) | 9901 | €110,862 | €88,520 | -€22,343 | -20.2% |
| Financial income | 75/76B | €1,157 | €4,050 | +€2,893 | +250% |
| Recurring financial income | 75 | €1,157 | €4,050 | +€2,893 | +250% |
| Financial charges | 65/66B | €2,256 | €3,089 | +€833 | +36.9% |
| Recurring financial charges | 65 | €2,256 | €3,089 | +€833 | +36.9% |
| Profit (loss) for the period before taxes | 9903 | €109,764 | €89,481 | -€20,283 | -18.5% |
| Income taxes | 67/77 | €32,108 | €27,457 | -€4,651 | -14.5% |
| Profit (loss) for the period | 9904 | €77,656 | €62,024 | -€15,632 | -20.1% |
| Profit (loss) for the period to be appropriated | 9905 | €77,656 | €62,024 | -€15,632 | -20.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.