VdM Consultancy & Projects: 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 Consultancy & Projects
Largest movements
- Receivables within one year +€28,012
up €28,012 (+135.6%), from €20,666 to €48,678
of which Other amounts receivable: +€36,198
- Cash -€27,766
down €27,766 (-77.7%), from €35,754 to €7,988
mainly Receivables within one year (-€28,012) and Investment in fixed assets (net) (-€10,516)
- Deferred charges and accrued income +€8,821
new in 2025: €8,821
- Tangible fixed assets +€8,566
up €8,566 (+634.5%), from €1,350 to €9,916
of which Furniture and vehicles: +€8,330
- Trade debts +€9,633
up €9,633 (+857.2%), from €1,124 to €10,756
- Reserves +€5,560
up €5,560 (+12.3%), from €45,107 to €50,667
- Tax, wage and social debts +€2,440
up €2,440 (+27.0%), from €9,039 to €11,478
- Gross operating margin -€6,532
down €6,532 (-36.6%), from €17,827 to €11,295
- Depreciation +€1,588
up €1,588 (+438.9%), from €362 to €1,950
- Taxes -€1,337
down €1,337 (-32.9%), from €4,070 to €2,733
- Other operating charges +€1,195
up €1,195 (+235.4%), from €508 to €1,703
- Financial income +€991
up €991 (+3614.0%), from €27 to €1,018
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 | €57,769 | €75,402 | +€17,633 | +30.5% |
| Fixed assets | 21/28 | €1,350 | €9,916 | +€8,566 | +634.5% |
| Tangible fixed assets | 22/27 | €1,350 | €9,916 | +€8,566 | +634.5% |
| Plant, machinery and equipment | 23 | €1,350 | €1,586 | +€236 | +17.5% |
| Furniture and vehicles | 24 | - | €8,330 | +€8,330 | |
| Current assets | 29/58 | €56,419 | €65,486 | +€9,067 | +16.1% |
| Amounts receivable within one year | 40/41 | €20,666 | €48,678 | +€28,012 | +135.6% |
| Trade receivables | 40 | €18,390 | €10,205 | -€8,185 | -44.5% |
| Other amounts receivable | 41 | €2,276 | €38,473 | +€36,198 | +1590.7% |
| Cash at bank and in hand | 54/58 | €35,754 | €7,988 | -€27,766 | -77.7% |
| Deferred charges and accrued income | 490/1 | - | €8,821 | +€8,821 | |
| Total equity and liabilities | 10/49 | €57,769 | €75,402 | +€17,633 | +30.5% |
| Equity | 10/15 | €47,607 | €53,167 | +€5,560 | +11.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €45,107 | €50,667 | +€5,560 | +12.3% |
| Distributable reserves | 133 | €45,107 | €50,667 | +€5,560 | +12.3% |
| Amounts payable | 17/49 | €10,162 | €22,235 | +€12,072 | +118.8% |
| Amounts payable within one year | 42/48 | €10,162 | €22,235 | +€12,072 | +118.8% |
| Trade debts | 44 | €1,124 | €10,756 | +€9,633 | +857.2% |
| Suppliers | 440/4 | €1,124 | €10,756 | +€9,633 | +857.2% |
| Taxes, remuneration and social security | 45 | €9,039 | €11,478 | +€2,440 | +27.0% |
| Taxes | 450/3 | €9,039 | €11,478 | +€2,440 | +27.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €362 | €1,950 | +€1,588 | +438.9% |
| Other operating charges | 640/8 | €508 | €1,703 | +€1,195 | +235.4% |
| Gross operating margin | 9900 | €17,827 | €11,295 | -€6,532 | -36.6% |
| Operating profit (loss) | 9901 | €16,957 | €7,642 | -€9,315 | -54.9% |
| Financial income | 75/76B | €27 | €1,018 | +€991 | +3614.0% |
| Recurring financial income | 75 | €27 | €1,018 | +€991 | +3614.0% |
| Financial charges | 65/66B | €213 | €367 | +€154 | +72.3% |
| Recurring financial charges | 65 | €213 | €367 | +€154 | +72.3% |
| Profit (loss) for the period before taxes | 9903 | €16,771 | €8,293 | -€8,478 | -50.6% |
| Income taxes | 67/77 | €4,070 | €2,733 | -€1,337 | -32.9% |
| Profit (loss) for the period | 9904 | €12,701 | €5,560 | -€7,141 | -56.2% |
| Profit (loss) for the period to be appropriated | 9905 | €12,701 | €5,560 | -€7,141 | -56.2% |
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 9 October 2026 via checked.be.