VdeW 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.
VdeW Consultancy
Largest movements
- Receivables within one year +€6,262
up €6,262 (+121%), from €5,180 to €11,442
of which Trade receivables: +€11,442
- Tangible fixed assets -€4,037
down €4,037 (-17.5%), from €23,042 to €19,006
of which Leasing and similar rights: -€5,300
- Cash -€2,661
down €2,661 (-76.2%), from €3,491 to €830
mainly Trade debts (-€14,860) and Receivables within one year (-€6,262)
- Deferred charges and accrued income -€1,800
down €1,800 (-100%), from €1,800 to €0
- Trade debts -€14,860
down €14,860 (-81.7%), from €18,195 to €3,335
- Other debts +€10,866
up €10,866 (+170%), from €6,383 to €17,249
- Debts after one year -€5,257
down €5,257 (-27.5%), from €19,098 to €13,842
- Tax, wage and social debts +€5,164
up €5,164 (+81.1%), from €6,367 to €11,531
of which Taxes: +€2,860
- Profit (loss) carried forward +€1,498
up €1,498 (+5.7%), from -€26,314 to -€24,816
- Gross operating margin +€30,158
up €30,158, from -€16,802 to €13,356
- Depreciation +€1,928
up €1,928 (+55.8%), from €3,456 to €5,384
- Financial charges +€1,584
up €1,584 (+71.7%), from €2,210 to €3,793
- Other operating charges -€752
down €752 (-20.5%), from €3,665 to €2,913
- Financial income +€212
up €212 (+132%), from €160 to €372
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 | €33,513 | €31,277 | -€2,236 | -6.7% |
| Fixed assets | 21/28 | €23,042 | €19,006 | -€4,037 | -17.5% |
| Tangible fixed assets | 22/27 | €23,042 | €19,006 | -€4,037 | -17.5% |
| Furniture and vehicles | 24 | - | €1,263 | +€1,263 | |
| Leasing and similar rights | 25 | €23,042 | €17,743 | -€5,300 | -23.0% |
| Current assets | 29/58 | €10,471 | €12,271 | +€1,801 | +17.2% |
| Amounts receivable within one year | 40/41 | €5,180 | €11,442 | +€6,262 | +121% |
| Trade receivables | 40 | - | €11,442 | +€11,442 | |
| Other amounts receivable | 41 | €5,180 | €0 | -€5,180 | -100% |
| Cash at bank and in hand | 54/58 | €3,491 | €830 | -€2,661 | -76.2% |
| Deferred charges and accrued income | 490/1 | €1,800 | €0 | -€1,800 | -100% |
| Total equity and liabilities | 10/49 | €33,513 | €31,277 | -€2,236 | -6.7% |
| Equity | 10/15 | -€23,314 | -€21,816 | +€1,498 | +6.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,314 | -€24,816 | +€1,498 | +5.7% |
| Amounts payable | 17/49 | €56,827 | €53,093 | -€3,734 | -6.6% |
| Amounts payable after more than one year | 17 | €19,098 | €13,842 | -€5,257 | -27.5% |
| Financial debts | 170/4 | €19,098 | €13,842 | -€5,257 | -27.5% |
| Amounts payable within one year | 42/48 | €35,550 | €37,371 | +€1,821 | +5.1% |
| Current portion of amounts payable after more than one year | 42 | €4,604 | €5,257 | +€652 | +14.2% |
| Trade debts | 44 | €18,195 | €3,335 | -€14,860 | -81.7% |
| Suppliers | 440/4 | €18,195 | €3,335 | -€14,860 | -81.7% |
| Taxes, remuneration and social security | 45 | €6,367 | €11,531 | +€5,164 | +81.1% |
| Taxes | 450/3 | €6,367 | €9,228 | +€2,860 | +44.9% |
| Remuneration and social security | 454/9 | - | €2,303 | +€2,303 | |
| Other amounts payable | 47/48 | €6,383 | €17,249 | +€10,866 | +170% |
| Accrued charges and deferred income | 492/3 | €2,178 | €1,880 | -€298 | -13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,456 | €5,384 | +€1,928 | +55.8% |
| Other operating charges | 640/8 | €3,665 | €2,913 | -€752 | -20.5% |
| Gross operating margin | 9900 | -€16,802 | €13,356 | +€30,158 | |
| Operating profit (loss) | 9901 | -€23,922 | €5,059 | +€28,981 | |
| Financial income | 75/76B | €160 | €372 | +€212 | +132% |
| Recurring financial income | 75 | €160 | €372 | +€212 | +132% |
| Financial charges | 65/66B | €2,210 | €3,793 | +€1,584 | +71.7% |
| Recurring financial charges | 65 | €2,210 | €3,793 | +€1,584 | +71.7% |
| Profit (loss) for the period before taxes | 9903 | -€25,971 | €1,639 | +€27,610 | |
| Income taxes | 67/77 | €342 | €141 | -€202 | -59.0% |
| Profit (loss) for the period | 9904 | -€26,314 | €1,498 | +€27,812 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,314 | €1,498 | +€27,812 |
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 14 October 2026 via checked.be.