VDAM 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.
VDAM Consulting
Largest movements
- Cash +€71,735
up €71,735 (+203.1%), from €35,318 to €107,053
mainly Net result for the year (+€82,626) and Depreciation (+€4,209)
- Formation expenses -€2,713
down €2,713 (-100.0%), from €2,713 to €0
- Reserves +€82,626
up €82,626 (+381.6%), from €21,653 to €104,279
- Trade debts -€10,587
down €10,587 (-85.4%), from €12,395 to €1,808
- Other debts -€2,642
down €2,642 (-63.8%), from €4,138 to €1,496
- Gross operating margin +€83,275
up €83,275 (+294.3%), from €28,301 to €111,575
- Taxes +€16,722
up €16,722 (+299.2%), from €5,589 to €22,310
- Depreciation +€3,158
up €3,158 (+300.6%), from €1,051 to €4,209
- Financial charges +€2,273
up €2,273 (+27251.3%), from €8 to €2,281
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €48,443 | €117,725 | +€69,282 | +143.0% |
| Formation expenses | 20 | €2,713 | €0 | -€2,713 | -100.0% |
| Fixed assets | 21/28 | €5,001 | €5,234 | +€233 | +4.7% |
| Tangible fixed assets | 22/27 | €5,001 | €5,234 | +€233 | +4.7% |
| Furniture and vehicles | 24 | €5,001 | €5,234 | +€233 | +4.7% |
| Current assets | 29/58 | €40,729 | €112,491 | +€71,762 | +176.2% |
| Amounts receivable within one year | 40/41 | €215 | €215 | = | 0.0% |
| Other amounts receivable | 41 | €215 | €215 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €35,318 | €107,053 | +€71,735 | +203.1% |
| Deferred charges and accrued income | 490/1 | €5,196 | €5,223 | +€27 | +0.5% |
| Total equity and liabilities | 10/49 | €48,443 | €117,725 | +€69,282 | +143.0% |
| Equity | 10/15 | €22,853 | €105,479 | +€82,626 | +361.6% |
| Contributions | 10/11 | €1,200 | €1,200 | = | 0.0% |
| Reserves | 13 | €21,653 | €104,279 | +€82,626 | +381.6% |
| Distributable reserves | 133 | €21,653 | €104,279 | +€82,626 | +381.6% |
| Amounts payable | 17/49 | €25,590 | €12,246 | -€13,344 | -52.1% |
| Amounts payable within one year | 42/48 | €25,590 | €12,104 | -€13,486 | -52.7% |
| Trade debts | 44 | €12,395 | €1,808 | -€10,587 | -85.4% |
| Suppliers | 440/4 | €12,395 | €1,808 | -€10,587 | -85.4% |
| Taxes, remuneration and social security | 45 | €9,057 | €8,800 | -€257 | -2.8% |
| Taxes | 450/3 | €9,057 | €5,052 | -€4,005 | -44.2% |
| Remuneration and social security | 454/9 | - | €3,748 | +€3,748 | |
| Other amounts payable | 47/48 | €4,138 | €1,496 | -€2,642 | -63.8% |
| Accrued charges and deferred income | 492/3 | - | €142 | +€142 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,051 | €4,209 | +€3,158 | +300.6% |
| Other operating charges | 640/8 | - | €149 | +€149 | |
| Gross operating margin | 9900 | €28,301 | €111,575 | +€83,275 | +294.3% |
| Operating profit (loss) | 9901 | €27,250 | €107,217 | +€79,967 | +293.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €8 | €2,281 | +€2,273 | +27251.3% |
| Recurring financial charges | 65 | €8 | €2,281 | +€2,273 | +27251.3% |
| Profit (loss) for the period before taxes | 9903 | €27,242 | €104,936 | +€77,695 | +285.2% |
| Income taxes | 67/77 | €5,589 | €22,310 | +€16,722 | +299.2% |
| Profit (loss) for the period | 9904 | €21,653 | €82,626 | +€60,973 | +281.6% |
| Profit (loss) for the period to be appropriated | 9905 | €21,653 | €82,626 | +€60,973 | +281.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.