Vd-Konsult: 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-Konsult
Largest movements
- Deferred charges and accrued income +€6,336
up €6,336 (+360%), from €1,758 to €8,094
- Receivables within one year -€5,654
down €5,654 (-26.0%), from €21,771 to €16,117
of which Other amounts receivable: -€2,986
- Tangible fixed assets -€2,318
down €2,318 (-5.0%), from €46,120 to €43,802
of which Plant, machinery and equipment: -€2,440
- Cash +€2,274
up €2,274 (+8.4%), from €27,211 to €29,485
mainly Net result for the year (+€28,521) and Contributions, distributions and other (+€12,400)
- Other debts -€33,912
down €33,912 (-98.8%), from €34,326 to €414
- Reserves +€28,521
up €28,521 (+64.1%), from €44,476 to €72,997
of which Distributable reserves: +€28,521
- Contributions +€12,400
up €12,400 (+200%), from €6,200 to €18,600
- Current portion of long-term debt -€3,412
down €3,412 (-66.3%), from €5,148 to €1,736
- Debts after one year -€1,736
no longer reported in 2025 (was €1,736)
- Gross operating margin -€10,378
down €10,378 (-17.6%), from €58,960 to €48,582
- Taxes -€852
down €852 (-9.3%), from €9,130 to €8,278
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 | €96,861 | €97,499 | +€638 | +0.7% |
| Fixed assets | 21/28 | €46,120 | €43,802 | -€2,318 | -5.0% |
| Tangible fixed assets | 22/27 | €46,120 | €43,802 | -€2,318 | -5.0% |
| Land and buildings | 22 | €33,866 | €33,619 | -€247 | -0.7% |
| Plant, machinery and equipment | 23 | €7,535 | €5,095 | -€2,440 | -32.4% |
| Furniture and vehicles | 24 | €4,719 | €5,088 | +€369 | +7.8% |
| Current assets | 29/58 | €50,741 | €53,697 | +€2,956 | +5.8% |
| Amounts receivable within one year | 40/41 | €21,771 | €16,117 | -€5,654 | -26.0% |
| Trade receivables | 40 | €14,048 | €11,380 | -€2,668 | -19.0% |
| Other amounts receivable | 41 | €7,723 | €4,737 | -€2,986 | -38.7% |
| Cash at bank and in hand | 54/58 | €27,211 | €29,485 | +€2,274 | +8.4% |
| Deferred charges and accrued income | 490/1 | €1,758 | €8,094 | +€6,336 | +360% |
| Total equity and liabilities | 10/49 | €96,861 | €97,499 | +€638 | +0.7% |
| Equity | 10/15 | €50,676 | €91,597 | +€40,921 | +80.8% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200% |
| Reserves | 13 | €44,476 | €72,997 | +€28,521 | +64.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €42,616 | €71,137 | +€28,521 | +66.9% |
| Amounts payable | 17/49 | €46,185 | €5,902 | -€40,284 | -87.2% |
| Amounts payable after more than one year | 17 | €1,736 | - | -€1,736 | |
| Financial debts | 170/4 | €1,736 | - | -€1,736 | |
| Amounts payable within one year | 42/48 | €44,449 | €5,902 | -€38,547 | -86.7% |
| Current portion of amounts payable after more than one year | 42 | €5,148 | €1,736 | -€3,412 | -66.3% |
| Trade debts | 44 | €4,963 | €3,284 | -€1,679 | -33.8% |
| Suppliers | 440/4 | €4,963 | €3,284 | -€1,679 | -33.8% |
| Taxes, remuneration and social security | 45 | €12 | €467 | +€455 | +3,756% |
| Taxes | 450/3 | €12 | €467 | +€455 | +3,756% |
| Other amounts payable | 47/48 | €34,326 | €414 | -€33,912 | -98.8% |
| Non-recurring operating income | 76A | €16,278 | - | -€16,278 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,016 | €9,045 | +€29 | +0.3% |
| Other operating charges | 640/8 | €549 | €525 | -€24 | -4.4% |
| Gross operating margin | 9900 | €58,960 | €48,582 | -€10,378 | -17.6% |
| Operating profit (loss) | 9901 | €49,394 | €39,012 | -€10,382 | -21.0% |
| Financial income | 75/76B | €100 | €0 | -€100 | -100.0% |
| Recurring financial income | 75 | €100 | €0 | -€100 | -100.0% |
| Financial charges | 65/66B | €2,446 | €2,213 | -€233 | -9.5% |
| Recurring financial charges | 65 | €2,446 | €2,213 | -€233 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | €47,049 | €36,799 | -€10,249 | -21.8% |
| Income taxes | 67/77 | €9,130 | €8,278 | -€852 | -9.3% |
| Profit (loss) for the period | 9904 | €37,919 | €28,521 | -€9,398 | -24.8% |
| Profit (loss) for the period to be appropriated | 9905 | €37,919 | €28,521 | -€9,398 | -24.8% |
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 21 October 2026 via checked.be.