VDKconsult: 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.
VDKconsult
Largest movements
- Tangible fixed assets -€17,740
down €17,740 (-39.6%), from €44,771 to €27,031
- Cash +€9,561
up €9,561 (+20.0%), from €47,829 to €57,389
mainly Other debts (+€72,894) and Depreciation (+€19,115)
- Receivables within one year -€3,253
down €3,253 (-7.2%), from €45,043 to €41,790
of which Trade receivables: -€28,032
- Deferred charges and accrued income -€2,058
no longer reported in 2025 (was €2,058)
- Reserves -€76,911
down €76,911 (-66.5%), from €115,702 to €38,791
- Other debts +€72,894
up €72,894 (+1814.6%), from €4,017 to €76,911
- Profit (loss) carried forward -€5,251
down €5,251, from €5,000 to -€251
- Tax, wage and social debts -€3,466
down €3,466 (-49.5%), from €6,996 to €3,530
- Gross operating margin -€25,623
down €25,623 (-59.6%), from €42,990 to €17,367
- Financial charges -€7,194
down €7,194 (-95.1%), from €7,566 to €371
- Taxes -€6,608
down €6,608 (-72.3%), from €9,134 to €2,526
- Depreciation +€5,685
up €5,685 (+42.3%), from €13,430 to €19,115
- Other operating charges -€2,217
down €2,217 (-71.7%), from €3,092 to €876
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.
Cash bridge derived
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 | €139,702 | €126,211 | -€13,491 | -9.7% |
| Fixed assets | 21/28 | €44,771 | €27,031 | -€17,740 | -39.6% |
| Tangible fixed assets | 22/27 | €44,771 | €27,031 | -€17,740 | -39.6% |
| Furniture and vehicles | 24 | €44,771 | €27,031 | -€17,740 | -39.6% |
| Current assets | 29/58 | €94,930 | €99,179 | +€4,249 | +4.5% |
| Amounts receivable within one year | 40/41 | €45,043 | €41,790 | -€3,253 | -7.2% |
| Trade receivables | 40 | €34,821 | €6,789 | -€28,032 | -80.5% |
| Other amounts receivable | 41 | €10,222 | €35,001 | +€24,779 | +242.4% |
| Cash at bank and in hand | 54/58 | €47,829 | €57,389 | +€9,561 | +20.0% |
| Deferred charges and accrued income | 490/1 | €2,058 | - | -€2,058 | |
| Total equity and liabilities | 10/49 | €139,702 | €126,211 | -€13,491 | -9.7% |
| Equity | 10/15 | €126,902 | €44,740 | -€82,162 | -64.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €115,702 | €38,791 | -€76,911 | -66.5% |
| Distributable reserves | 133 | €115,702 | €38,791 | -€76,911 | -66.5% |
| Profit (loss) carried forward | 14 | €5,000 | -€251 | -€5,251 | |
| Amounts payable | 17/49 | €12,800 | €81,471 | +€68,671 | +536.5% |
| Amounts payable within one year | 42/48 | €12,800 | €81,471 | +€68,671 | +536.5% |
| Trade debts | 44 | €1,787 | €1,030 | -€757 | -42.3% |
| Suppliers | 440/4 | €1,787 | €1,030 | -€757 | -42.3% |
| Taxes, remuneration and social security | 45 | €6,996 | €3,530 | -€3,466 | -49.5% |
| Taxes | 450/3 | €6,996 | €3,530 | -€3,466 | -49.5% |
| Other amounts payable | 47/48 | €4,017 | €76,911 | +€72,894 | +1814.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,430 | €19,115 | +€5,685 | +42.3% |
| Other operating charges | 640/8 | €3,092 | €876 | -€2,217 | -71.7% |
| Gross operating margin | 9900 | €42,990 | €17,367 | -€25,623 | -59.6% |
| Operating profit (loss) | 9901 | €26,467 | -€2,623 | -€29,091 | |
| Financial income | 75/76B | €449 | €269 | -€179 | -40.0% |
| Recurring financial income | 75 | €449 | €269 | -€179 | -40.0% |
| Financial charges | 65/66B | €7,566 | €371 | -€7,194 | -95.1% |
| Recurring financial charges | 65 | €7,566 | €371 | -€7,194 | -95.1% |
| Profit (loss) for the period before taxes | 9903 | €19,350 | -€2,726 | -€22,076 | |
| Income taxes | 67/77 | €9,134 | €2,526 | -€6,608 | -72.3% |
| Profit (loss) for the period | 9904 | €10,217 | -€5,251 | -€15,468 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,217 | -€5,251 | -€15,468 |
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 11 October 2026 via checked.be.