VD Pro Hold: 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.
What changed
VD Pro Hold
NACE 70.200, Business and other management consultancy
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€764,655
2024 · €59,339-€823,995
Equity
€7.8m
2024 · €733,752+€7.1m
Cash
€128,217
2024 · €2,040+€126,177
Balance sheet total
€19.9m
2024 · €1.1m+€18.8m
Largest movements
Assets
- Financial fixed assets +€14.7m
up €14.7m (+1659.4%), from €888,168 to €15.6m
of which Affiliated companies: +€15.6m
- Intangible fixed assets +€2.7m
new in 2025: €2.7m
- Receivables after one year +€900,000
new in 2025: €900,000
- Receivables within one year +€336,901
up €336,901 (+158.5%), from €212,611 to €549,512
of which Other amounts receivable: +€333,703
Equity and liabilities
- Contributions +€7.8m
up €7.8m (+1540.2%), from €507,765 to €8.3m
- Debts after one year +€6.8m
new in 2025: €6.8m
of which Financial debts: +€4.8m
- Other debts +€3.8m
up €3.8m (+2167.2%), from €177,000 to €4.0m
- Current portion of long-term debt +€1.1m
new in 2025: €1.1m
- Profit (loss) carried forward -€764,655
down €764,655, from €225,987 to -€538,668
Income statement
- Services and other goods +€1.0m
new in 2025: €1.0m
- Turnover +€422,397
new in 2025: €422,397
- Financial charges +€188,628
up €188,628 (+12557.7%), from €1,502 to €190,130
of which Financial charges: +€190,075
- Gross operating margin -€77,979
no longer reported in 2025 (was €77,979)
- Financial income +€36,961
up €36,961 (+999.2%), from €3,699 to €40,660
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.
Result 2024
€59,339
Turnover
+€422,397
Services and other goods
-€1.0m
Depreciation
-€31,511
Other operating charges
-€1,442
Other operating items
-€80,599
Financial income
+€36,961
Financial charges
-€188,628
Taxes
+€20,497
Result 2025
-€764,655
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.
From operations
+€1.9m
Investment
-€17.4m
Financing
+€15.7m
Cash 2024
€2,040
From operations (derived)
+€1.9m
Net result for the year
-€764,655
Depreciation
+€31,511
Receivables after one year
-€900,000
Receivables within one year
-€336,901
Smaller working-capital items
-€64,624
Trade debts
-€82,257
Other debts
+€3.8m
Accrued charges and deferred income
+€186,750
Investment (derived)
-€17.4m
Investment in fixed assets (net)
-€17.4m
Financing
+€15.7m
Debts after one year
+€6.8m
Current portion of long-term debt
+€1.1m
Contributions, distributions and other
+€7.8m
Cash 2025
€128,217
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,106,050 | €19,928,236 | +€18.8m | +1701.7% |
| Fixed assets | 21/28 | €888,168 | €18,304,489 | +€17.4m | +1960.9% |
| Intangible fixed assets | 21 | - | €2,654,787 | +€2.7m | |
| Tangible fixed assets | 22/27 | - | €23,384 | +€23,384 | |
| Plant, machinery and equipment | 23 | - | €15,502 | +€15,502 | |
| Furniture and vehicles | 24 | - | €7,882 | +€7,882 | |
| Financial fixed assets | 28 | €888,168 | €15,626,318 | +€14.7m | +1659.4% |
| Affiliated companies | 280/1 | - | €15,626,318 | +€15.6m | |
| Participating interests | 280 | - | €15,626,318 | +€15.6m | |
| Companies linked by participating interests | 282/3 | - | €0 | = | |
| Participating interests | 282 | - | €0 | = | |
| Current assets | 29/58 | €217,882 | €1,623,747 | +€1.4m | +645.2% |
| Amounts receivable after more than one year | 29 | - | €900,000 | +€900,000 | |
| Other amounts receivable | 291 | - | €900,000 | +€900,000 | |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €212,611 | €549,512 | +€336,901 | +158.5% |
| Trade receivables | 40 | €107,059 | €110,258 | +€3,198 | +3.0% |
| Other amounts receivable | 41 | €105,552 | €439,255 | +€333,703 | +316.1% |
| Cash at bank and in hand | 54/58 | €2,040 | €128,217 | +€126,177 | +6184.2% |
| Deferred charges and accrued income | 490/1 | €3,230 | €46,018 | +€42,788 | +1324.7% |
| Total equity and liabilities | 10/49 | €1,106,050 | €19,928,236 | +€18.8m | +1701.7% |
| Equity | 10/15 | €733,752 | €7,789,676 | +€7.1m | +961.6% |
| Contributions | 10/11 | €507,765 | €8,328,345 | +€7.8m | +1540.2% |
| Profit (loss) carried forward | 14 | €225,987 | -€538,668 | -€764,655 | |
| Amounts payable | 17/49 | €372,298 | €12,138,560 | +€11.8m | +3160.4% |
| Amounts payable after more than one year | 17 | - | €6,776,572 | +€6.8m | |
| Financial debts | 170/4 | - | €4,776,572 | +€4.8m | |
| Credit institutions | 173 | - | €4,776,572 | +€4.8m | |
| Other amounts payable | 178/9 | - | €2,000,000 | +€2.0m | |
| Amounts payable within one year | 42/48 | €372,298 | €5,175,238 | +€4.8m | +1290.1% |
| Current portion of amounts payable after more than one year | 42 | - | €1,071,026 | +€1.1m | |
| Trade debts | 44 | €173,420 | €91,163 | -€82,257 | -47.4% |
| Suppliers | 440/4 | €173,420 | €91,163 | -€82,257 | -47.4% |
| Taxes, remuneration and social security | 45 | €21,878 | €42 | -€21,836 | -99.8% |
| Taxes | 450/3 | €21,878 | €42 | -€21,836 | -99.8% |
| Other amounts payable | 47/48 | €177,000 | €4,013,007 | +€3.8m | +2167.2% |
| Accrued charges and deferred income | 492/3 | - | €186,750 | +€186,750 | |
| Operating income | 70/76A | - | €422,397 | +€422,397 | |
| Turnover | 70 | - | €422,397 | +€422,397 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | - | €1,037,579 | +€1.0m | |
| Services and other goods | 61 | - | €1,001,670 | +€1.0m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €31,511 | +€31,511 | |
| Other operating charges | 640/8 | €337 | €1,778 | +€1,442 | +428.4% |
| Non-recurring operating charges | 66A | - | €2,620 | +€2,620 | |
| Gross operating margin | 9900 | €77,979 | - | -€77,979 | |
| Operating profit (loss) | 9901 | €77,643 | -€615,182 | -€692,825 | |
| Financial income | 75/76B | €3,699 | €40,660 | +€36,961 | +999.2% |
| Recurring financial income | 75 | €3,699 | €40,660 | +€36,961 | +999.2% |
| Income from current assets | 751 | - | €40,660 | +€40,660 | |
| Other financial income | 752/9 | - | €0 | = | |
| Financial charges | 65/66B | €1,502 | €190,130 | +€188,628 | +12557.7% |
| Recurring financial charges | 65 | €54 | €190,130 | +€190,075 | +350304.9% |
| Debt charges | 650 | - | €187,602 | +€187,602 | |
| Other financial charges | 652/9 | - | €2,528 | +€2,528 | |
| Non-recurring financial charges | 66B | €1,448 | €0 | -€1,448 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €79,839 | -€764,652 | -€844,492 | |
| Income taxes | 67/77 | €20,500 | €3 | -€20,497 | -100.0% |
| Taxes | 670/3 | - | €3 | +€3 | |
| Profit (loss) for the period | 9904 | €59,339 | -€764,655 | -€823,995 | |
| Profit (loss) for the period to be appropriated | 9905 | €59,339 | -€764,655 | -€823,995 |
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.