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
- Cash -€83,706
down €83,706 (-58.9%), from €142,200 to €58,495
mainly Current investments (-€80,000) and Contributions, distributions and other (-€36,574)
- Current investments +€80,000
new in 2025: €80,000
- Receivables within one year -€7,470
no longer reported in 2025 (was €7,470)
- Tangible fixed assets +€3,790
up €3,790 (+50.6%), from €7,493 to €11,284
of which Land and buildings: +€2,542
- Other debts +€22,304
up €22,304 (+133.1%), from €16,752 to €39,056
- Debts after one year -€19,953
down €19,953 (-66.3%), from €30,078 to €10,126
- Reserves -€10,817
down €10,817 (-6.4%), from €169,628 to €158,811
- Trade debts +€5,603
up €5,603 (+59.6%), from €9,404 to €15,007
- Tax, wage and social debts -€4,915
down €4,915 (-43.7%), from €11,241 to €6,326
of which Taxes: -€6,915
- Gross operating margin -€60,502
down €60,502 (-58.2%), from €103,965 to €43,463
- Taxes -€19,941
down €19,941 (-66.1%), from €30,189 to €10,248
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 | €258,163 | €250,778 | -€7,385 | -2.9% |
| Fixed assets | 21/28 | €108,493 | €112,284 | +€3,790 | +3.5% |
| Tangible fixed assets | 22/27 | €7,493 | €11,284 | +€3,790 | +50.6% |
| Land and buildings | 22 | - | €2,542 | +€2,542 | |
| Plant, machinery and equipment | 23 | €4,305 | €3,502 | -€802 | -18.6% |
| Furniture and vehicles | 24 | €3,188 | €5,239 | +€2,051 | +64.3% |
| Financial fixed assets | 28 | €101,000 | €101,000 | = | 0.0% |
| Current assets | 29/58 | €149,670 | €138,495 | -€11,176 | -7.5% |
| Amounts receivable within one year | 40/41 | €7,470 | - | -€7,470 | |
| Trade receivables | 40 | €7,470 | - | -€7,470 | |
| Current investments | 50/53 | - | €80,000 | +€80,000 | |
| Cash at bank and in hand | 54/58 | €142,200 | €58,495 | -€83,706 | -58.9% |
| Total equity and liabilities | 10/49 | €258,163 | €250,778 | -€7,385 | -2.9% |
| Equity | 10/15 | €171,128 | €160,311 | -€10,817 | -6.3% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €169,628 | €158,811 | -€10,817 | -6.4% |
| Distributable reserves | 133 | €169,628 | €158,811 | -€10,817 | -6.4% |
| Amounts payable | 17/49 | €87,035 | €90,467 | +€3,432 | +3.9% |
| Amounts payable after more than one year | 17 | €30,078 | €10,126 | -€19,953 | -66.3% |
| Financial debts | 170/4 | €30,078 | €10,126 | -€19,953 | -66.3% |
| Amounts payable within one year | 42/48 | €56,957 | €80,341 | +€23,385 | +41.1% |
| Current portion of amounts payable after more than one year | 42 | €19,560 | €19,953 | +€393 | +2.0% |
| Trade debts | 44 | €9,404 | €15,007 | +€5,603 | +59.6% |
| Suppliers | 440/4 | €9,404 | €15,007 | +€5,603 | +59.6% |
| Taxes, remuneration and social security | 45 | €11,241 | €6,326 | -€4,915 | -43.7% |
| Taxes | 450/3 | €11,241 | €4,326 | -€6,915 | -61.5% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €16,752 | €39,056 | +€22,304 | +133.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,397 | €3,084 | +€687 | +28.7% |
| Other operating charges | 640/8 | €1,134 | €1,326 | +€192 | +16.9% |
| Gross operating margin | 9900 | €103,965 | €43,463 | -€60,502 | -58.2% |
| Operating profit (loss) | 9901 | €100,434 | €39,053 | -€61,381 | -61.1% |
| Financial income | 75/76B | €0 | €4 | +€4 | +12000.0% |
| Recurring financial income | 75 | €0 | €4 | +€4 | +12000.0% |
| Financial charges | 65/66B | €3,739 | €3,052 | -€687 | -18.4% |
| Recurring financial charges | 65 | €3,739 | €3,052 | -€687 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | €96,695 | €36,005 | -€60,690 | -62.8% |
| Income taxes | 67/77 | €30,189 | €10,248 | -€19,941 | -66.1% |
| Profit (loss) for the period | 9904 | €66,506 | €25,757 | -€40,749 | -61.3% |
| Profit (loss) for the period to be appropriated | 9905 | €66,506 | €25,757 | -€40,749 | -61.3% |
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 10 October 2026 via checked.be.