VDB General Consult: 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 General Consult
Largest movements
- Cash -€197,845
down €197,845 (-87.0%), from €227,505 to €29,660
mainly Current investments (-€197,146) and Deferred charges and accrued income (-€55,539)
- Current investments +€197,146
new in 2025: €197,146
- Deferred charges and accrued income +€55,539
up €55,539 (+6,986%), from €795 to €56,334
- Tangible fixed assets -€41,993
down €41,993 (-44.8%), from €93,698 to €51,705
of which Plant, machinery and equipment: -€57,689
- Receivables within one year +€28,537
up €28,537 (+195%), from €14,604 to €43,141
of which Other amounts receivable: +€24,436
- Reserves +€83,415
up €83,415 (+30.4%), from €274,517 to €357,932
- Other debts -€39,783
down €39,783 (-100%), from €39,783 to €0
- Gross operating margin +€22,647
up €22,647 (+21.0%), from €107,823 to €130,471
- Financial income +€3,358
up €3,358 (+82.5%), from €4,070 to €7,427
- Taxes +€1,894
up €1,894 (+6.0%), from €31,421 to €33,315
- Depreciation -€1,845
down €1,845 (-8.4%), from €21,855 to €20,009
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 | €336,602 | €379,636 | +€43,033 | +12.8% |
| Fixed assets | 21/28 | €93,698 | €53,355 | -€40,343 | -43.1% |
| Tangible fixed assets | 22/27 | €93,698 | €51,705 | -€41,993 | -44.8% |
| Plant, machinery and equipment | 23 | €59,910 | €2,221 | -€57,689 | -96.3% |
| Furniture and vehicles | 24 | €33,788 | €49,484 | +€15,696 | +46.5% |
| Financial fixed assets | 28 | - | €1,650 | +€1,650 | |
| Current assets | 29/58 | €242,904 | €326,281 | +€83,376 | +34.3% |
| Amounts receivable within one year | 40/41 | €14,604 | €43,141 | +€28,537 | +195% |
| Trade receivables | 40 | €14,604 | €18,705 | +€4,101 | +28.1% |
| Other amounts receivable | 41 | - | €24,436 | +€24,436 | |
| Current investments | 50/53 | - | €197,146 | +€197,146 | |
| Cash at bank and in hand | 54/58 | €227,505 | €29,660 | -€197,845 | -87.0% |
| Deferred charges and accrued income | 490/1 | €795 | €56,334 | +€55,539 | +6,986% |
| Total equity and liabilities | 10/49 | €336,602 | €379,636 | +€43,033 | +12.8% |
| Equity | 10/15 | €286,917 | €370,332 | +€83,415 | +29.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €274,517 | €357,932 | +€83,415 | +30.4% |
| Distributable reserves | 133 | €274,517 | €357,932 | +€83,415 | +30.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €49,685 | €9,303 | -€40,381 | -81.3% |
| Amounts payable within one year | 42/48 | €49,685 | €8,303 | -€41,381 | -83.3% |
| Trade debts | 44 | €179 | €18 | -€161 | -90.0% |
| Suppliers | 440/4 | €179 | €18 | -€161 | -90.0% |
| Taxes, remuneration and social security | 45 | €9,723 | €8,286 | -€1,437 | -14.8% |
| Taxes | 450/3 | €9,723 | €8,286 | -€1,437 | -14.8% |
| Other amounts payable | 47/48 | €39,783 | €0 | -€39,783 | -100% |
| Accrued charges and deferred income | 492/3 | - | €1,000 | +€1,000 | |
| Non-recurring operating income | 76A | - | €30,520 | +€30,520 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,855 | €20,009 | -€1,845 | -8.4% |
| Other operating charges | 640/8 | €1,186 | €1,080 | -€106 | -9.0% |
| Gross operating margin | 9900 | €107,823 | €130,471 | +€22,647 | +21.0% |
| Operating profit (loss) | 9901 | €84,782 | €109,381 | +€24,599 | +29.0% |
| Financial income | 75/76B | €4,070 | €7,427 | +€3,358 | +82.5% |
| Recurring financial income | 75 | €4,070 | €7,427 | +€3,358 | +82.5% |
| Financial charges | 65/66B | €80 | €79 | -€1 | -1.7% |
| Recurring financial charges | 65 | €80 | €79 | -€1 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | €88,772 | €116,730 | +€27,958 | +31.5% |
| Income taxes | 67/77 | €31,421 | €33,315 | +€1,894 | +6.0% |
| Profit (loss) for the period | 9904 | €57,351 | €83,415 | +€26,064 | +45.4% |
| Profit (loss) for the period to be appropriated | 9905 | €57,351 | €83,415 | +€26,064 | +45.4% |
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 20 October 2026 via checked.be.