VDM CONSULTANCY SERVICES: 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 SERVICES
Largest movements
- Cash +€15,616
up €15,616 (+16.9%), from €92,582 to €108,198
mainly Depreciation (+€21,162) and Net result for the year (+€17,741)
- Receivables within one year +€14,593
up €14,593 (+56.7%), from €25,751 to €40,344
of which Trade receivables: +€13,993
- Tangible fixed assets -€14,049
down €14,049 (-4.3%), from €324,591 to €310,542
of which Land and buildings: -€13,000
- Debts after one year -€17,831
down €17,831 (-10.2%), from €175,582 to €157,751
- Profit (loss) carried forward +€17,741
up €17,741 (+7.1%), from €249,453 to €267,193
- Trade debts +€11,907
up €11,907 (+488%), from €2,438 to €14,346
- Tax, wage and social debts +€5,534
up €5,534 (+40.1%), from €13,811 to €19,346
of which Taxes: +€4,184
- Gross operating margin -€11,892
down €11,892 (-18.4%), from €64,527 to €52,635
- Depreciation -€1,780
down €1,780 (-7.8%), from €22,941 to €21,162
- Taxes -€1,473
down €1,473 (-18.6%), from €7,930 to €6,457
- Other operating charges +€1,218
up €1,218 (+218%), from €558 to €1,776
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 | €517,256 | €535,107 | +€17,851 | +3.5% |
| Fixed assets | 21/28 | €324,591 | €310,542 | -€14,049 | -4.3% |
| Tangible fixed assets | 22/27 | €324,591 | €310,542 | -€14,049 | -4.3% |
| Land and buildings | 22 | €310,157 | €297,157 | -€13,000 | -4.2% |
| Plant, machinery and equipment | 23 | €8,978 | €12,228 | +€3,249 | +36.2% |
| Furniture and vehicles | 24 | €5,456 | €1,158 | -€4,298 | -78.8% |
| Current assets | 29/58 | €192,665 | €224,565 | +€31,900 | +16.6% |
| Amounts receivable within one year | 40/41 | €25,751 | €40,344 | +€14,593 | +56.7% |
| Trade receivables | 40 | €19,899 | €33,891 | +€13,993 | +70.3% |
| Other amounts receivable | 41 | €5,852 | €6,453 | +€600 | +10.3% |
| Current investments | 50/53 | €68,537 | €68,537 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €92,582 | €108,198 | +€15,616 | +16.9% |
| Deferred charges and accrued income | 490/1 | €5,795 | €7,486 | +€1,691 | +29.2% |
| Total equity and liabilities | 10/49 | €517,256 | €535,107 | +€17,851 | +3.5% |
| Equity | 10/15 | €299,913 | €317,653 | +€17,741 | +5.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €31,860 | €31,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €30,000 | €31,860 | +€1,860 | +6.2% |
| Profit (loss) carried forward | 14 | €249,453 | €267,193 | +€17,741 | +7.1% |
| Amounts payable | 17/49 | €217,343 | €217,454 | +€111 | +0.1% |
| Amounts payable after more than one year | 17 | €175,582 | €157,751 | -€17,831 | -10.2% |
| Financial debts | 170/4 | €175,582 | €157,751 | -€17,831 | -10.2% |
| Amounts payable within one year | 42/48 | €38,551 | €56,349 | +€17,798 | +46.2% |
| Current portion of amounts payable after more than one year | 42 | €17,308 | €17,831 | +€523 | +3.0% |
| Trade debts | 44 | €2,438 | €14,346 | +€11,907 | +488% |
| Suppliers | 440/4 | €2,438 | €14,346 | +€11,907 | +488% |
| Taxes, remuneration and social security | 45 | €13,811 | €19,346 | +€5,534 | +40.1% |
| Taxes | 450/3 | €11,311 | €15,496 | +€4,184 | +37.0% |
| Remuneration and social security | 454/9 | €2,500 | €3,850 | +€1,350 | +54.0% |
| Other amounts payable | 47/48 | €4,993 | €4,826 | -€166 | -3.3% |
| Accrued charges and deferred income | 492/3 | €3,211 | €3,354 | +€143 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,941 | €21,162 | -€1,780 | -7.8% |
| Other operating charges | 640/8 | €558 | €1,776 | +€1,218 | +218% |
| Gross operating margin | 9900 | €64,527 | €52,635 | -€11,892 | -18.4% |
| Operating profit (loss) | 9901 | €41,027 | €29,697 | -€11,330 | -27.6% |
| Financial income | 75/76B | €1,941 | €1,699 | -€242 | -12.5% |
| Recurring financial income | 75 | €1,941 | €1,699 | -€242 | -12.5% |
| Financial charges | 65/66B | €7,673 | €7,199 | -€474 | -6.2% |
| Recurring financial charges | 65 | €7,673 | €7,199 | -€474 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €35,295 | €24,198 | -€11,098 | -31.4% |
| Income taxes | 67/77 | €7,930 | €6,457 | -€1,473 | -18.6% |
| Profit (loss) for the period | 9904 | €27,366 | €17,741 | -€9,625 | -35.2% |
| Profit (loss) for the period to be appropriated | 9905 | €27,366 | €17,741 | -€9,625 | -35.2% |
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 21 October 2026 via checked.be.