VD consulting: 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 consulting
Largest movements
- Cash -€44,260
down €44,260 (-83.0%), from €53,335 to €9,075
mainly Other debts (-€27,051) and Receivables within one year (-€20,328)
- Receivables within one year +€20,328
up €20,328 (+90.6%), from €22,434 to €42,762
of which Trade receivables: +€19,239
- Tangible fixed assets -€9,179
down €9,179 (-25.8%), from €35,557 to €26,378
- Deferred charges and accrued income -€2,085
down €2,085 (-54.7%), from €3,809 to €1,724
- Other debts -€27,051
down €27,051 (-59.1%), from €45,790 to €18,739
- Profit (loss) carried forward +€13,005
up €13,005 (+43.8%), from €29,684 to €42,689
- Current portion of long-term debt -€12,738
down €12,738 (-91.4%), from €13,930 to €1,192
- Trade debts -€3,901
down €3,901 (-41.8%), from €9,338 to €5,437
- Tax, wage and social debts -€3,319
down €3,319 (-27.2%), from €12,201 to €8,882
of which Taxes: -€5,519
- Gross operating margin +€6,727
up €6,727 (+28.0%), from €24,051 to €30,778
- Taxes +€1,402
up €1,402 (+55.9%), from €2,509 to €3,911
- Financial charges -€613
down €613 (-40.8%), from €1,503 to €890
- Other operating charges -€441
down €441 (-23.0%), from €1,921 to €1,480
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 | €115,135 | €79,939 | -€35,196 | -30.6% |
| Fixed assets | 21/28 | €35,557 | €26,378 | -€9,179 | -25.8% |
| Tangible fixed assets | 22/27 | €35,557 | €26,378 | -€9,179 | -25.8% |
| Furniture and vehicles | 24 | €35,557 | €26,378 | -€9,179 | -25.8% |
| Current assets | 29/58 | €79,578 | €53,561 | -€26,017 | -32.7% |
| Amounts receivable within one year | 40/41 | €22,434 | €42,762 | +€20,328 | +90.6% |
| Trade receivables | 40 | €18,955 | €38,194 | +€19,239 | +101.5% |
| Other amounts receivable | 41 | €3,479 | €4,568 | +€1,089 | +31.3% |
| Cash at bank and in hand | 54/58 | €53,335 | €9,075 | -€44,260 | -83.0% |
| Deferred charges and accrued income | 490/1 | €3,809 | €1,724 | -€2,085 | -54.7% |
| Total equity and liabilities | 10/49 | €115,135 | €79,939 | -€35,196 | -30.6% |
| Equity | 10/15 | €32,684 | €45,689 | +€13,005 | +39.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,684 | €42,689 | +€13,005 | +43.8% |
| Amounts payable | 17/49 | €82,451 | €34,250 | -€48,201 | -58.5% |
| Amounts payable after more than one year | 17 | €1,192 | - | -€1,192 | |
| Financial debts | 170/4 | €1,192 | - | -€1,192 | |
| Amounts payable within one year | 42/48 | €81,259 | €34,250 | -€47,009 | -57.9% |
| Current portion of amounts payable after more than one year | 42 | €13,930 | €1,192 | -€12,738 | -91.4% |
| Trade debts | 44 | €9,338 | €5,437 | -€3,901 | -41.8% |
| Suppliers | 440/4 | €9,338 | €5,437 | -€3,901 | -41.8% |
| Taxes, remuneration and social security | 45 | €12,201 | €8,882 | -€3,319 | -27.2% |
| Taxes | 450/3 | €12,201 | €6,682 | -€5,519 | -45.2% |
| Remuneration and social security | 454/9 | - | €2,200 | +€2,200 | |
| Other amounts payable | 47/48 | €45,790 | €18,739 | -€27,051 | -59.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,430 | €11,504 | +€74 | +0.6% |
| Other operating charges | 640/8 | €1,921 | €1,480 | -€441 | -23.0% |
| Gross operating margin | 9900 | €24,051 | €30,778 | +€6,727 | +28.0% |
| Operating profit (loss) | 9901 | €10,700 | €17,794 | +€7,094 | +66.3% |
| Financial income | 75/76B | - | €12 | +€12 | |
| Recurring financial income | 75 | - | €12 | +€12 | |
| Financial charges | 65/66B | €1,503 | €890 | -€613 | -40.8% |
| Recurring financial charges | 65 | €1,503 | €890 | -€613 | -40.8% |
| Profit (loss) for the period before taxes | 9903 | €9,197 | €16,916 | +€7,719 | +83.9% |
| Income taxes | 67/77 | €2,509 | €3,911 | +€1,402 | +55.9% |
| Profit (loss) for the period | 9904 | €6,688 | €13,005 | +€6,317 | +94.5% |
| Profit (loss) for the period to be appropriated | 9905 | €6,688 | €13,005 | +€6,317 | +94.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.