VDMF CONSULTING: 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.
VDMF CONSULTING
Largest movements
- Cash +€58,233
up €58,233 (+42.9%), from €135,812 to €194,045
mainly Net result for the year (+€48,278) and Receivables within one year (+€6,027)
- Receivables within one year -€6,027
down €6,027 (-12.2%), from €49,404 to €43,377
of which Trade receivables: -€6,600
- Reserves +€47,000
up €47,000 (+27.4%), from €171,500 to €218,500
- Tax, wage and social debts +€3,264
up €3,264 (+17.9%), from €18,208 to €21,472
- Gross operating margin -€45,787
down €45,787 (-39.4%), from €116,105 to €70,318
- Taxes -€13,737
down €13,737 (-42.0%), from €32,698 to €18,961
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 | €197,322 | €248,863 | +€51,542 | +26.1% |
| Fixed assets | 21/28 | €11,052 | €10,841 | -€210 | -1.9% |
| Tangible fixed assets | 22/27 | €11,052 | €10,841 | -€210 | -1.9% |
| Land and buildings | 22 | €6,253 | €7,395 | +€1,142 | +18.3% |
| Plant, machinery and equipment | 23 | €1,878 | €1,190 | -€688 | -36.6% |
| Furniture and vehicles | 24 | €2,920 | €2,256 | -€665 | -22.8% |
| Current assets | 29/58 | €186,270 | €238,022 | +€51,752 | +27.8% |
| Amounts receivable within one year | 40/41 | €49,404 | €43,377 | -€6,027 | -12.2% |
| Trade receivables | 40 | €48,400 | €41,800 | -€6,600 | -13.6% |
| Other amounts receivable | 41 | €1,004 | €1,577 | +€573 | +57.0% |
| Cash at bank and in hand | 54/58 | €135,812 | €194,045 | +€58,233 | +42.9% |
| Deferred charges and accrued income | 490/1 | €1,054 | €600 | -€454 | -43.1% |
| Total equity and liabilities | 10/49 | €197,322 | €248,863 | +€51,542 | +26.1% |
| Equity | 10/15 | €179,113 | €227,391 | +€48,278 | +27.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €171,500 | €218,500 | +€47,000 | +27.4% |
| Distributable reserves | 133 | €171,500 | €218,500 | +€47,000 | +27.4% |
| Profit (loss) carried forward | 14 | €2,613 | €3,891 | +€1,278 | +48.9% |
| Amounts payable | 17/49 | €18,208 | €21,472 | +€3,264 | +17.9% |
| Amounts payable within one year | 42/48 | €18,208 | €21,472 | +€3,264 | +17.9% |
| Taxes, remuneration and social security | 45 | €18,208 | €21,472 | +€3,264 | +17.9% |
| Taxes | 450/3 | €18,208 | €21,472 | +€3,264 | +17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,567 | €3,364 | +€798 | +31.1% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €116,105 | €70,318 | -€45,787 | -39.4% |
| Operating profit (loss) | 9901 | €113,151 | €66,554 | -€46,597 | -41.2% |
| Financial income | 75/76B | €206 | €851 | +€645 | +312.9% |
| Recurring financial income | 75 | €206 | €851 | +€645 | +312.9% |
| Financial charges | 65/66B | €136 | €167 | +€31 | +23.2% |
| Recurring financial charges | 65 | €136 | €167 | +€31 | +23.2% |
| Profit (loss) for the period before taxes | 9903 | €113,222 | €67,238 | -€45,984 | -40.6% |
| Income taxes | 67/77 | €32,698 | €18,961 | -€13,737 | -42.0% |
| Profit (loss) for the period | 9904 | €80,524 | €48,278 | -€32,246 | -40.0% |
| Profit (loss) for the period to be appropriated | 9905 | €80,524 | €48,278 | -€32,246 | -40.0% |
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.