VDM 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.
VDM CONSULT
Largest movements
- Cash +€13,259
up €13,259 (+5.7%), from €234,408 to €247,667
mainly Depreciation (+€11,809) and Other debts (+€1,938)
- Tangible fixed assets -€11,809
down €11,809 (-7.2%), from €164,306 to €152,497
of which Furniture and vehicles: -€6,819
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€26,934
down €26,934 (-66.2%), from €40,674 to €13,740
- Taxes -€8,089
down €8,089 (-84.5%), from €9,571 to €1,481
- Financial income +€879
up €879 (+55.5%), from €1,583 to €2,462
- Depreciation -€797
down €797 (-6.3%), from €12,606 to €11,809
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 | €403,312 | €403,198 | -€114 | 0.0% |
| Fixed assets | 21/28 | €164,306 | €152,497 | -€11,809 | -7.2% |
| Tangible fixed assets | 22/27 | €164,306 | €152,497 | -€11,809 | -7.2% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €7,363 | €544 | -€6,819 | -92.6% |
| Other tangible fixed assets | 26 | €156,943 | €151,953 | -€4,990 | -3.2% |
| Current assets | 29/58 | €239,006 | €250,701 | +€11,695 | +4.9% |
| Amounts receivable within one year | 40/41 | €3,267 | €2,345 | -€922 | -28.2% |
| Trade receivables | 40 | €3,267 | €89 | -€3,178 | -97.3% |
| Other amounts receivable | 41 | - | €2,255 | +€2,255 | |
| Cash at bank and in hand | 54/58 | €234,408 | €247,667 | +€13,259 | +5.7% |
| Deferred charges and accrued income | 490/1 | €1,331 | €689 | -€643 | -48.3% |
| Total equity and liabilities | 10/49 | €403,312 | €403,198 | -€114 | 0.0% |
| Equity | 10/15 | €376,508 | €375,289 | -€1,219 | -0.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €370,308 | €369,089 | -€1,219 | -0.3% |
| Distributable reserves | 133 | €370,308 | €369,089 | -€1,219 | -0.3% |
| Amounts payable | 17/49 | €26,804 | €27,909 | +€1,105 | +4.1% |
| Amounts payable within one year | 42/48 | €25,739 | €26,833 | +€1,094 | +4.2% |
| Trade debts | 44 | €1,513 | €1,434 | -€80 | -5.3% |
| Suppliers | 440/4 | €1,513 | €1,434 | -€80 | -5.3% |
| Taxes, remuneration and social security | 45 | €2,871 | €2,107 | -€765 | -26.6% |
| Taxes | 450/3 | €2,871 | €2,107 | -€765 | -26.6% |
| Other amounts payable | 47/48 | €21,355 | €23,293 | +€1,938 | +9.1% |
| Accrued charges and deferred income | 492/3 | €1,065 | €1,076 | +€11 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,606 | €11,809 | -€797 | -6.3% |
| Other operating charges | 640/8 | €2,466 | €2,553 | +€86 | +3.5% |
| Gross operating margin | 9900 | €40,674 | €13,740 | -€26,934 | -66.2% |
| Operating profit (loss) | 9901 | €25,602 | -€621 | -€26,223 | |
| Financial income | 75/76B | €1,583 | €2,462 | +€879 | +55.5% |
| Recurring financial income | 75 | €1,583 | €2,462 | +€879 | +55.5% |
| Financial charges | 65/66B | €1,464 | €1,579 | +€115 | +7.9% |
| Recurring financial charges | 65 | €1,464 | €1,579 | +€115 | +7.9% |
| Profit (loss) for the period before taxes | 9903 | €25,721 | €262 | -€25,459 | -99.0% |
| Income taxes | 67/77 | €9,571 | €1,481 | -€8,089 | -84.5% |
| Profit (loss) for the period | 9904 | €16,151 | -€1,219 | -€17,370 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,151 | -€1,219 | -€17,370 |
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 29 October 2026 via checked.be.