VDI 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.
VDI CONSULT
Largest movements
- Receivables within one year +€211,056
up €211,056 (+253%), from €83,343 to €294,399
of which Other amounts receivable: +€148,332
- Tangible fixed assets -€49,037
down €49,037 (-5.0%), from €987,369 to €938,332
of which Land and buildings: -€45,624
- Cash -€27,062
down €27,062 (-94.6%), from €28,601 to €1,539
mainly Receivables within one year (-€211,056) and Debts after one year (-€136,074)
- Other debts +€207,530
up €207,530 (+75.5%), from €274,783 to €482,313
- Debts after one year -€136,074
down €136,074 (-12.8%), from €1.1m to €926,739
- Reserves +€87,449
up €87,449 (+10.2%), from €858,130 to €945,579
of which Distributable reserves: +€87,449
- Current portion of long-term debt -€32,989
down €32,989 (-18.0%), from €183,440 to €150,452
- Other operating charges +€163,205
up €163,205 (+1,867%), from €8,742 to €171,946
- Write-downs -€150,000
new in 2024: -€150,000
- Gross operating margin -€44,071
down €44,071 (-13.2%), from €333,967 to €289,897
- Taxes -€23,061
down €23,061 (-29.6%), from €78,017 to €54,955
- Financial charges -€9,083
down €9,083 (-24.0%), from €37,893 to €28,810
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,435,314 | €2,570,271 | +€134,957 | +5.5% |
| Fixed assets | 21/28 | €2,323,369 | €2,274,332 | -€49,037 | -2.1% |
| Tangible fixed assets | 22/27 | €987,369 | €938,332 | -€49,037 | -5.0% |
| Land and buildings | 22 | €975,835 | €930,211 | -€45,624 | -4.7% |
| Plant, machinery and equipment | 23 | €11,534 | €8,122 | -€3,412 | -29.6% |
| Financial fixed assets | 28 | €1,336,000 | €1,336,000 | = | 0.0% |
| Current assets | 29/58 | €111,944 | €295,938 | +€183,994 | +164% |
| Amounts receivable within one year | 40/41 | €83,343 | €294,399 | +€211,056 | +253% |
| Trade receivables | 40 | €22,678 | €85,403 | +€62,724 | +277% |
| Other amounts receivable | 41 | €60,665 | €208,997 | +€148,332 | +245% |
| Cash at bank and in hand | 54/58 | €28,601 | €1,539 | -€27,062 | -94.6% |
| Total equity and liabilities | 10/49 | €2,435,314 | €2,570,271 | +€134,957 | +5.5% |
| Equity | 10/15 | €888,130 | €975,579 | +€87,449 | +9.8% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €858,130 | €945,579 | +€87,449 | +10.2% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €226,855 | €226,855 | = | 0.0% |
| Distributable reserves | 133 | €628,275 | €715,724 | +€87,449 | +13.9% |
| Amounts payable | 17/49 | €1,547,184 | €1,594,691 | +€47,508 | +3.1% |
| Amounts payable after more than one year | 17 | €1,062,813 | €926,739 | -€136,074 | -12.8% |
| Financial debts | 170/4 | €1,062,813 | €926,739 | -€136,074 | -12.8% |
| Amounts payable within one year | 42/48 | €484,371 | €662,577 | +€178,206 | +36.8% |
| Current portion of amounts payable after more than one year | 42 | €183,440 | €150,452 | -€32,989 | -18.0% |
| Financial debts | 43 | €12,500 | €12,500 | = | 0.0% |
| Credit institutions | 430/8 | €12,500 | €12,500 | = | 0.0% |
| Trade debts | 44 | €13,648 | €11,073 | -€2,574 | -18.9% |
| Suppliers | 440/4 | €13,648 | €11,073 | -€2,574 | -18.9% |
| Taxes, remuneration and social security | 45 | - | €6,239 | +€6,239 | |
| Taxes | 450/3 | - | €2,487 | +€2,487 | |
| Remuneration and social security | 454/9 | - | €3,752 | +€3,752 | |
| Other amounts payable | 47/48 | €274,783 | €482,313 | +€207,530 | +75.5% |
| Accrued charges and deferred income | 492/3 | - | €5,375 | +€5,375 | |
| Remuneration, social security and pensions | 62 | €43,571 | €43,646 | +€75 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,706 | €53,090 | -€616 | -1.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€150,000 | -€150,000 | |
| Other operating charges | 640/8 | €8,742 | €171,946 | +€163,205 | +1,867% |
| Gross operating margin | 9900 | €333,967 | €289,897 | -€44,071 | -13.2% |
| Operating profit (loss) | 9901 | €227,949 | €171,215 | -€56,734 | -24.9% |
| Financial income | 75/76B | €7,214 | - | -€7,214 | |
| Recurring financial income | 75 | €7,214 | - | -€7,214 | |
| Financial charges | 65/66B | €37,893 | €28,810 | -€9,083 | -24.0% |
| Recurring financial charges | 65 | €37,893 | €28,810 | -€9,083 | -24.0% |
| Profit (loss) for the period before taxes | 9903 | €197,270 | €142,405 | -€54,865 | -27.8% |
| Income taxes | 67/77 | €78,017 | €54,955 | -€23,061 | -29.6% |
| Profit (loss) for the period | 9904 | €119,253 | €87,449 | -€31,804 | -26.7% |
| Profit (loss) for the period to be appropriated | 9905 | €119,253 | €87,449 | -€31,804 | -26.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.