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 +€43,356
up €43,356 (+273.4%), from €15,860 to €59,216
mainly Net result for the year (+€100,869) and Receivables within one year (+€9,669)
- Financial fixed assets +€30,000
new in 2025: €30,000
- Current investments +€19,802
new in 2025: €19,802
- Tangible fixed assets +€11,077
new in 2025: €11,077
of which Other tangible fixed assets: +€8,163
- Receivables within one year -€9,669
down €9,669 (-16.7%), from €57,729 to €48,060
of which Trade receivables: -€10,309
- Reserves +€100,036
up €100,036 (+212.0%), from €47,176 to €147,212
- Other debts -€6,551
down €6,551 (-83.5%), from €7,844 to €1,293
- Gross operating margin +€70,572
up €70,572 (+116.9%), from €60,390 to €130,962
- Taxes +€15,347
up €15,347 (+125.9%), from €12,194 to €27,541
- Financial charges +€2,008
up €2,008 (+1246.3%), from €161 to €2,169
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 | €82,737 | €175,927 | +€93,190 | +112.6% |
| Fixed assets | 21/28 | - | €41,077 | +€41,077 | |
| Tangible fixed assets | 22/27 | - | €11,077 | +€11,077 | |
| Furniture and vehicles | 24 | - | €2,915 | +€2,915 | |
| Other tangible fixed assets | 26 | - | €8,163 | +€8,163 | |
| Financial fixed assets | 28 | - | €30,000 | +€30,000 | |
| Current assets | 29/58 | €82,737 | €134,849 | +€52,113 | +63.0% |
| Amounts receivable within one year | 40/41 | €57,729 | €48,060 | -€9,669 | -16.7% |
| Trade receivables | 40 | €57,729 | €47,420 | -€10,309 | -17.9% |
| Other amounts receivable | 41 | - | €640 | +€640 | |
| Current investments | 50/53 | - | €19,802 | +€19,802 | |
| Cash at bank and in hand | 54/58 | €15,860 | €59,216 | +€43,356 | +273.4% |
| Deferred charges and accrued income | 490/1 | €9,148 | €7,772 | -€1,376 | -15.0% |
| Total equity and liabilities | 10/49 | €82,737 | €175,927 | +€93,190 | +112.6% |
| Equity | 10/15 | €52,176 | €152,212 | +€100,036 | +191.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €47,176 | €147,212 | +€100,036 | +212.0% |
| Distributable reserves | 133 | €47,176 | €147,212 | +€100,036 | +212.0% |
| Amounts payable | 17/49 | €30,561 | €23,715 | -€6,846 | -22.4% |
| Amounts payable within one year | 42/48 | €30,561 | €23,702 | -€6,859 | -22.4% |
| Trade debts | 44 | €361 | €168 | -€193 | -53.5% |
| Suppliers | 440/4 | €361 | €168 | -€193 | -53.5% |
| Taxes, remuneration and social security | 45 | €22,355 | €22,241 | -€115 | -0.5% |
| Taxes | 450/3 | €22,355 | €22,241 | -€115 | -0.5% |
| Other amounts payable | 47/48 | €7,844 | €1,293 | -€6,551 | -83.5% |
| Accrued charges and deferred income | 492/3 | - | €13 | +€13 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €492 | +€492 | |
| Other operating charges | 640/8 | - | €494 | +€494 | |
| Gross operating margin | 9900 | €60,390 | €130,962 | +€70,572 | +116.9% |
| Operating profit (loss) | 9901 | €60,390 | €129,976 | +€69,586 | +115.2% |
| Financial income | 75/76B | - | €603 | +€603 | |
| Recurring financial income | 75 | - | €603 | +€603 | |
| Financial charges | 65/66B | €161 | €2,169 | +€2,008 | +1246.3% |
| Recurring financial charges | 65 | €161 | €2,169 | +€2,008 | +1246.3% |
| Profit (loss) for the period before taxes | 9903 | €60,229 | €128,410 | +€68,180 | +113.2% |
| Income taxes | 67/77 | €12,194 | €27,541 | +€15,347 | +125.9% |
| Profit (loss) for the period | 9904 | €48,035 | €100,869 | +€52,833 | +110.0% |
| Profit (loss) for the period to be appropriated | 9905 | €48,035 | €100,869 | +€52,833 | +110.0% |
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 12 October 2026 via checked.be.