VDK Consultants: 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.
VDK Consultants
Largest movements
- Receivables after one year +€47,500
up €47,500 (+35.4%), from €134,000 to €181,500
- Cash -€26,693
down €26,693 (-38.3%), from €69,773 to €43,080
mainly Receivables after one year (-€47,500) and Deferred charges and accrued income (-€6,659)
- Receivables within one year -€12,617
down €12,617 (-34.8%), from €36,246 to €23,629
of which Trade receivables: -€14,915
- Deferred charges and accrued income +€6,659
up €6,659 (+154%), from €4,328 to €10,987
- Reserves +€8,340
up €8,340 (+3.5%), from €239,722 to €248,063
- Other debts +€7,581
new in 2025: €7,581
- Tax, wage and social debts -€6,062
no longer reported in 2025 (was €6,062)
- Gross operating margin -€48,080
down €48,080 (-82.2%), from €58,487 to €10,407
- Taxes -€12,611
down €12,611 (-73.0%), from €17,281 to €4,670
- Financial income +€1,381
up €1,381 (+54.6%), from €2,528 to €3,910
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 | €248,172 | €260,283 | +€12,111 | +4.9% |
| Fixed assets | 21/28 | €1,748 | €1,002 | -€746 | -42.7% |
| Tangible fixed assets | 22/27 | €1,748 | €1,002 | -€746 | -42.7% |
| Furniture and vehicles | 24 | €1,748 | €1,002 | -€746 | -42.7% |
| Current assets | 29/58 | €246,423 | €259,281 | +€12,858 | +5.2% |
| Amounts receivable after more than one year | 29 | €134,000 | €181,500 | +€47,500 | +35.4% |
| Trade receivables | 290 | €134,000 | €181,500 | +€47,500 | +35.4% |
| Amounts receivable within one year | 40/41 | €36,246 | €23,629 | -€12,617 | -34.8% |
| Trade receivables | 40 | €14,915 | - | -€14,915 | |
| Other amounts receivable | 41 | €21,331 | €23,629 | +€2,298 | +10.8% |
| Current investments | 50/53 | €2,077 | €85 | -€1,992 | -95.9% |
| Cash at bank and in hand | 54/58 | €69,773 | €43,080 | -€26,693 | -38.3% |
| Deferred charges and accrued income | 490/1 | €4,328 | €10,987 | +€6,659 | +154% |
| Total equity and liabilities | 10/49 | €248,172 | €260,283 | +€12,111 | +4.9% |
| Equity | 10/15 | €241,722 | €250,063 | +€8,340 | +3.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €239,722 | €248,063 | +€8,340 | +3.5% |
| Distributable reserves | 133 | €239,722 | €248,063 | +€8,340 | +3.5% |
| Amounts payable | 17/49 | €6,449 | €10,220 | +€3,771 | +58.5% |
| Amounts payable within one year | 42/48 | €6,449 | €10,220 | +€3,771 | +58.5% |
| Financial debts | 43 | €218 | - | -€218 | |
| Credit institutions | 430/8 | €218 | - | -€218 | |
| Trade debts | 44 | €170 | €2,640 | +€2,470 | +1,456% |
| Suppliers | 440/4 | €170 | €2,640 | +€2,470 | +1,456% |
| Taxes, remuneration and social security | 45 | €6,062 | - | -€6,062 | |
| Taxes | 450/3 | €6,062 | - | -€6,062 | |
| Other amounts payable | 47/48 | - | €7,581 | +€7,581 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €491 | €746 | +€256 | +52.1% |
| Other operating charges | 640/8 | €487 | €500 | +€12 | +2.5% |
| Gross operating margin | 9900 | €58,487 | €10,407 | -€48,080 | -82.2% |
| Operating profit (loss) | 9901 | €57,509 | €9,161 | -€48,348 | -84.1% |
| Financial income | 75/76B | €2,528 | €3,910 | +€1,381 | +54.6% |
| Recurring financial income | 75 | €2,528 | €3,910 | +€1,381 | +54.6% |
| Financial charges | 65/66B | €54 | €60 | +€6 | +10.8% |
| Recurring financial charges | 65 | €54 | €60 | +€6 | +10.8% |
| Profit (loss) for the period before taxes | 9903 | €59,983 | €13,010 | -€46,972 | -78.3% |
| Income taxes | 67/77 | €17,281 | €4,670 | -€12,611 | -73.0% |
| Profit (loss) for the period | 9904 | €42,701 | €8,340 | -€34,361 | -80.5% |
| Profit (loss) for the period to be appropriated | 9905 | €42,701 | €8,340 | -€34,361 | -80.5% |
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 22 October 2026 via checked.be.