VdB-L Consultancy: 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-L Consultancy
Largest movements
- Tangible fixed assets -€56,158
down €56,158 (-11.0%), from €511,551 to €455,393
of which Leasing and similar rights: -€32,898
- Cash -€11,774
down €11,774 (-7.6%), from €154,814 to €143,039
mainly Short-term financial debts (-€60,000) and Debts after one year (-€28,153)
- Receivables within one year +€9,327
up €9,327 (+19.4%), from €48,019 to €57,346
of which Other amounts receivable: +€9,327
- Short-term financial debts -€60,000
down €60,000 (-18.8%), from €320,000 to €260,000
- Reserves +€32,599
up €32,599 (+10.8%), from €301,662 to €334,261
- Debts after one year -€28,153
down €28,153 (-56.2%), from €50,096 to €21,943
- Gross operating margin -€31,387
down €31,387 (-20.1%), from €156,500 to €125,112
- Financial charges -€14,718
down €14,718 (-51.9%), from €28,369 to €13,650
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 | €729,133 | €670,993 | -€58,140 | -8.0% |
| Fixed assets | 21/28 | €511,591 | €455,433 | -€56,158 | -11.0% |
| Tangible fixed assets | 22/27 | €511,551 | €455,393 | -€56,158 | -11.0% |
| Land and buildings | 22 | €390,985 | €373,440 | -€17,545 | -4.5% |
| Plant, machinery and equipment | 23 | €26,580 | €21,685 | -€4,895 | -18.4% |
| Furniture and vehicles | 24 | €1,420 | €600 | -€820 | -57.7% |
| Leasing and similar rights | 25 | €92,566 | €59,667 | -€32,898 | -35.5% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €217,542 | €215,560 | -€1,982 | -0.9% |
| Amounts receivable after more than one year | 29 | €14,710 | €14,710 | = | 0.0% |
| Other amounts receivable | 291 | €14,710 | €14,710 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €48,019 | €57,346 | +€9,327 | +19.4% |
| Trade receivables | 40 | €21,118 | €21,118 | = | 0.0% |
| Other amounts receivable | 41 | €26,901 | €36,228 | +€9,327 | +34.7% |
| Cash at bank and in hand | 54/58 | €154,814 | €143,039 | -€11,774 | -7.6% |
| Deferred charges and accrued income | 490/1 | - | €465 | +€465 | |
| Total equity and liabilities | 10/49 | €729,133 | €670,993 | -€58,140 | -8.0% |
| Equity | 10/15 | €320,262 | €352,861 | +€32,599 | +10.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €301,662 | €334,261 | +€32,599 | +10.8% |
| Distributable reserves | 133 | €301,662 | €334,261 | +€32,599 | +10.8% |
| Amounts payable | 17/49 | €408,872 | €318,132 | -€90,739 | -22.2% |
| Amounts payable after more than one year | 17 | €50,096 | €21,943 | -€28,153 | -56.2% |
| Financial debts | 170/4 | €50,096 | €21,943 | -€28,153 | -56.2% |
| Amounts payable within one year | 42/48 | €352,753 | €295,025 | -€57,728 | -16.4% |
| Current portion of amounts payable after more than one year | 42 | €26,941 | €28,153 | +€1,212 | +4.5% |
| Financial debts | 43 | €320,000 | €260,000 | -€60,000 | -18.8% |
| Credit institutions | 430/8 | €320,000 | €260,000 | -€60,000 | -18.8% |
| Trade debts | 44 | €5,813 | €6,872 | +€1,060 | +18.2% |
| Suppliers | 440/4 | €5,813 | €6,872 | +€1,060 | +18.2% |
| Accrued charges and deferred income | 492/3 | €6,022 | €1,164 | -€4,859 | -80.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,184 | €56,158 | -€1,026 | -1.8% |
| Other operating charges | 640/8 | €4,607 | €4,536 | -€70 | -1.5% |
| Gross operating margin | 9900 | €156,500 | €125,112 | -€31,387 | -20.1% |
| Operating profit (loss) | 9901 | €94,709 | €64,418 | -€30,291 | -32.0% |
| Financial income | 75/76B | €1,950 | €2,164 | +€214 | +11.0% |
| Recurring financial income | 75 | €1,950 | €2,164 | +€214 | +11.0% |
| Financial charges | 65/66B | €28,369 | €13,650 | -€14,718 | -51.9% |
| Recurring financial charges | 65 | €28,369 | €13,650 | -€14,718 | -51.9% |
| Profit (loss) for the period before taxes | 9903 | €68,290 | €52,932 | -€15,358 | -22.5% |
| Income taxes | 67/77 | €21,803 | €20,333 | -€1,470 | -6.7% |
| Profit (loss) for the period | 9904 | €46,488 | €32,599 | -€13,888 | -29.9% |
| Profit (loss) for the period to be appropriated | 9905 | €46,488 | €32,599 | -€13,888 | -29.9% |
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 17 October 2026 via checked.be.