Vdb - Consulting: 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.
Vdb - Consulting
Largest movements
- Stocks and contracts +€47,208
up €47,208 (+23.7%), from €199,584 to €246,791
- Tangible fixed assets -€33,739
down €33,739 (-7.9%), from €425,934 to €392,195
of which Land and buildings: -€24,598
- Cash +€29,884
up €29,884 (+107%), from €27,942 to €57,826
mainly Short-term financial debts (+€56,881) and Depreciation (+€36,198)
- Receivables within one year +€18,023
up €18,023 (+102%), from €17,710 to €35,734
of which Trade receivables: +€17,707
- Short-term financial debts +€56,881
up €56,881 (+45.5%), from €125,000 to €181,881
- Debts after one year -€17,511
down €17,511 (-4.2%), from €412,301 to €394,790
- Profit (loss) carried forward +€15,911
up €15,911 (+37.2%), from -€42,784 to -€26,874
- Trade debts +€7,757
up €7,757 (+69.3%), from €11,187 to €18,943
- Gross operating margin +€26,247
up €26,247 (+26.3%), from €99,824 to €126,070
- Staff costs +€15,080
up €15,080 (+57.9%), from €26,058 to €41,138
- Financial charges -€3,908
down €3,908 (-12.1%), from €32,177 to €28,269
- Depreciation -€1,537
down €1,537 (-4.1%), from €37,734 to €36,198
- Financial income -€1,366
down €1,366 (-74.8%), from €1,826 to €459
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 | €680,212 | €740,171 | +€59,959 | +8.8% |
| Formation expenses | 20 | €9,041 | €7,624 | -€1,418 | -15.7% |
| Fixed assets | 21/28 | €425,934 | €392,195 | -€33,739 | -7.9% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €425,934 | €392,195 | -€33,739 | -7.9% |
| Land and buildings | 22 | €381,259 | €356,662 | -€24,598 | -6.5% |
| Plant, machinery and equipment | 23 | €31,669 | €26,100 | -€5,569 | -17.6% |
| Furniture and vehicles | 24 | €13,005 | €9,434 | -€3,571 | -27.5% |
| Current assets | 29/58 | €245,237 | €340,352 | +€95,115 | +38.8% |
| Stocks and contracts in progress | 3 | €199,584 | €246,791 | +€47,208 | +23.7% |
| Stocks | 30/36 | €199,584 | €246,791 | +€47,208 | +23.7% |
| Amounts receivable within one year | 40/41 | €17,710 | €35,734 | +€18,023 | +102% |
| Trade receivables | 40 | €17,487 | €35,193 | +€17,707 | +101% |
| Other amounts receivable | 41 | €224 | €541 | +€317 | +142% |
| Cash at bank and in hand | 54/58 | €27,942 | €57,826 | +€29,884 | +107% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €680,212 | €740,171 | +€59,959 | +8.8% |
| Equity | 10/15 | -€26,969 | -€11,058 | +€15,911 | +59.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €14,816 | €14,816 | = | 0.0% |
| Distributable reserves | 133 | €14,816 | €14,816 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,784 | -€26,874 | +€15,911 | +37.2% |
| Amounts payable | 17/49 | €707,180 | €751,229 | +€44,048 | +6.2% |
| Amounts payable after more than one year | 17 | €412,301 | €394,790 | -€17,511 | -4.2% |
| Financial debts | 170/4 | €412,301 | €394,790 | -€17,511 | -4.2% |
| Amounts payable within one year | 42/48 | €294,879 | €356,439 | +€61,560 | +20.9% |
| Current portion of amounts payable after more than one year | 42 | €22,029 | €18,441 | -€3,588 | -16.3% |
| Financial debts | 43 | €125,000 | €181,881 | +€56,881 | +45.5% |
| Credit institutions | 430/8 | €125,000 | €181,881 | +€56,881 | +45.5% |
| Trade debts | 44 | €11,187 | €18,943 | +€7,757 | +69.3% |
| Suppliers | 440/4 | €11,187 | €18,943 | +€7,757 | +69.3% |
| Taxes, remuneration and social security | 45 | €19,675 | €25,757 | +€6,082 | +30.9% |
| Taxes | 450/3 | €17,837 | €20,710 | +€2,873 | +16.1% |
| Remuneration and social security | 454/9 | €1,838 | €5,047 | +€3,209 | +175% |
| Other amounts payable | 47/48 | €116,988 | €111,417 | -€5,572 | -4.8% |
| Remuneration, social security and pensions | 62 | €26,058 | €41,138 | +€15,080 | +57.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,734 | €36,198 | -€1,537 | -4.1% |
| Other operating charges | 640/8 | €4,753 | €4,777 | +€23 | +0.5% |
| Gross operating margin | 9900 | €99,824 | €126,070 | +€26,247 | +26.3% |
| Operating profit (loss) | 9901 | €31,278 | €43,958 | +€12,680 | +40.5% |
| Financial income | 75/76B | €1,826 | €459 | -€1,366 | -74.8% |
| Recurring financial income | 75 | €1,826 | €459 | -€1,366 | -74.8% |
| Financial charges | 65/66B | €32,177 | €28,269 | -€3,908 | -12.1% |
| Recurring financial charges | 65 | €32,177 | €28,269 | -€3,908 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €926 | €16,148 | +€15,222 | +1,643% |
| Income taxes | 67/77 | €5 | €238 | +€233 | +4,869% |
| Profit (loss) for the period | 9904 | €922 | €15,911 | +€14,989 | +1,626% |
| Profit (loss) for the period to be appropriated | 9905 | €922 | €15,911 | +€14,989 | +1,626% |
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 13 October 2026 via checked.be.