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
- Tangible fixed assets -€38,099
down €38,099 (-3.1%), from €1.2m to €1.2m
- Receivables within one year -€20,373
down €20,373 (-52.8%), from €38,555 to €18,182
- Cash +€16,346
up €16,346 (+28.5%), from €57,443 to €73,789
mainly Other debts (+€100,000) and Depreciation (+€43,730)
- Debts after one year -€136,448
down €136,448 (-11.8%), from €1.2m to €1.0m
- Other debts +€100,000
up €100,000 (+96.3%), from €103,801 to €203,801
- Write-downs -€72,963
no longer reported in 2025 (was €72,963)
- Gross operating margin -€45,445
down €45,445 (-28.2%), from €161,072 to €115,628
- Financial charges +€21,815
up €21,815 (+80.8%), from €26,989 to €48,805
- Depreciation -€18,752
down €18,752 (-30.0%), from €62,482 to €43,730
- Taxes +€3,394
up €3,394, from -€274 to €3,120
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 | €1,334,451 | €1,292,337 | -€42,114 | -3.2% |
| Fixed assets | 21/28 | €1,237,983 | €1,199,884 | -€38,099 | -3.1% |
| Tangible fixed assets | 22/27 | €1,237,983 | €1,199,884 | -€38,099 | -3.1% |
| Land and buildings | 22 | €1,237,983 | €1,199,884 | -€38,099 | -3.1% |
| Current assets | 29/58 | €96,469 | €92,453 | -€4,015 | -4.2% |
| Amounts receivable within one year | 40/41 | €38,555 | €18,182 | -€20,373 | -52.8% |
| Trade receivables | 40 | €38,555 | €18,182 | -€20,373 | -52.8% |
| Cash at bank and in hand | 54/58 | €57,443 | €73,789 | +€16,346 | +28.5% |
| Deferred charges and accrued income | 490/1 | €470 | €482 | +€11 | +2.4% |
| Total equity and liabilities | 10/49 | €1,334,451 | €1,292,337 | -€42,114 | -3.2% |
| Equity | 10/15 | €21,148 | €21,497 | +€349 | +1.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €24,630 | €24,630 | = | 0.0% |
| Distributable reserves | 133 | €24,630 | €24,630 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,482 | -€5,133 | +€349 | +6.4% |
| Amounts payable | 17/49 | €1,313,303 | €1,270,840 | -€42,463 | -3.2% |
| Amounts payable after more than one year | 17 | €1,157,076 | €1,020,629 | -€136,448 | -11.8% |
| Financial debts | 170/4 | €1,157,076 | €1,020,629 | -€136,448 | -11.8% |
| Amounts payable within one year | 42/48 | €152,218 | €250,211 | +€97,994 | +64.4% |
| Current portion of amounts payable after more than one year | 42 | €35,076 | €36,448 | +€1,372 | +3.9% |
| Trade debts | 44 | €925 | €1,255 | +€329 | +35.6% |
| Suppliers | 440/4 | €925 | €1,255 | +€329 | +35.6% |
| Taxes, remuneration and social security | 45 | €12,416 | €8,709 | -€3,707 | -29.9% |
| Taxes | 450/3 | €10,066 | €6,359 | -€3,707 | -36.8% |
| Remuneration and social security | 454/9 | €2,350 | €2,350 | = | 0.0% |
| Other amounts payable | 47/48 | €103,801 | €203,801 | +€100,000 | +96.3% |
| Accrued charges and deferred income | 492/3 | €4,009 | - | -€4,009 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,482 | €43,730 | -€18,752 | -30.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €72,963 | - | -€72,963 | |
| Other operating charges | 640/8 | €4,394 | €4,169 | -€224 | -5.1% |
| Gross operating margin | 9900 | €161,072 | €115,628 | -€45,445 | -28.2% |
| Operating profit (loss) | 9901 | €21,234 | €67,728 | +€46,495 | +219% |
| Financial charges | 65/66B | €26,989 | €48,805 | +€21,815 | +80.8% |
| Recurring financial charges | 65 | €26,989 | €48,805 | +€21,815 | +80.8% |
| Profit (loss) for the period before taxes | 9903 | -€5,756 | €18,923 | +€24,679 | |
| Income taxes | 67/77 | -€274 | €3,120 | +€3,394 | |
| Profit (loss) for the period | 9904 | -€5,482 | €15,804 | +€21,285 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,482 | €15,804 | +€21,285 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.