VDO 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.
VDO CONSULT
Largest movements
- Receivables within one year -€12,011
down €12,011 (-54.2%), from €22,148 to €10,137
of which Trade receivables: -€12,285
- Tangible fixed assets -€9,770
down €9,770 (-27.0%), from €36,223 to €26,453
of which Leasing and similar rights: -€7,749
- Cash -€4,356
down €4,356 (-57.1%), from €7,626 to €3,270
mainly Other debts (-€8,500) and Tax, wage and social debts (-€7,168)
- Other debts -€8,500
no longer reported in 2025 (was €8,500)
- Tax, wage and social debts -€7,168
no longer reported in 2025 (was €7,168)
- Profit (loss) carried forward -€5,570
down €5,570, from €3,361 to -€2,208
- Debts after one year -€4,938
down €4,938 (-22.4%), from €22,084 to €17,146
- Advances received -€1,206
no longer reported in 2025 (was €1,206)
- Gross operating margin -€21,017
down €21,017 (-73.7%), from €28,537 to €7,519
- Other operating charges -€2,858
down €2,858 (-76.2%), from €3,751 to €893
- Taxes -€1,861
down €1,861 (-93.4%), from €1,992 to €131
- Depreciation -€408
down €408 (-4.0%), from €10,179 to €9,770
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 | €67,690 | €41,708 | -€25,982 | -38.4% |
| Fixed assets | 21/28 | €36,223 | €26,453 | -€9,770 | -27.0% |
| Tangible fixed assets | 22/27 | €36,223 | €26,453 | -€9,770 | -27.0% |
| Furniture and vehicles | 24 | €3,767 | €1,915 | -€1,852 | -49.2% |
| Leasing and similar rights | 25 | €31,187 | €23,438 | -€7,749 | -24.8% |
| Other tangible fixed assets | 26 | €1,270 | €1,101 | -€170 | -13.3% |
| Current assets | 29/58 | €31,467 | €15,255 | -€16,211 | -51.5% |
| Amounts receivable within one year | 40/41 | €22,148 | €10,137 | -€12,011 | -54.2% |
| Trade receivables | 40 | €12,285 | - | -€12,285 | |
| Other amounts receivable | 41 | €9,863 | €10,137 | +€274 | +2.8% |
| Cash at bank and in hand | 54/58 | €7,626 | €3,270 | -€4,356 | -57.1% |
| Deferred charges and accrued income | 490/1 | €1,693 | €1,849 | +€155 | +9.2% |
| Total equity and liabilities | 10/49 | €67,690 | €41,708 | -€25,982 | -38.4% |
| Equity | 10/15 | €23,821 | €18,252 | -€5,570 | -23.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,361 | -€2,208 | -€5,570 | |
| Amounts payable | 17/49 | €43,869 | €23,457 | -€20,412 | -46.5% |
| Amounts payable after more than one year | 17 | €22,084 | €17,146 | -€4,938 | -22.4% |
| Financial debts | 170/4 | €22,084 | €17,146 | -€4,938 | -22.4% |
| Amounts payable within one year | 42/48 | €21,772 | €6,294 | -€15,479 | -71.1% |
| Current portion of amounts payable after more than one year | 42 | €4,612 | €4,938 | +€326 | +7.1% |
| Trade debts | 44 | €287 | €1,356 | +€1,069 | +373% |
| Suppliers | 440/4 | €287 | €1,356 | +€1,069 | +373% |
| Advances received on contracts in progress | 46 | €1,206 | - | -€1,206 | |
| Taxes, remuneration and social security | 45 | €7,168 | - | -€7,168 | |
| Taxes | 450/3 | €7,168 | - | -€7,168 | |
| Other amounts payable | 47/48 | €8,500 | - | -€8,500 | |
| Accrued charges and deferred income | 492/3 | €13 | €17 | +€4 | +32.8% |
| Non-recurring operating income | 76A | €14,298 | - | -€14,298 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,179 | €9,770 | -€408 | -4.0% |
| Other operating charges | 640/8 | €3,751 | €893 | -€2,858 | -76.2% |
| Gross operating margin | 9900 | €28,537 | €7,519 | -€21,017 | -73.7% |
| Operating profit (loss) | 9901 | €14,607 | -€3,144 | -€17,751 | |
| Financial income | 75/76B | €240 | €390 | +€150 | +62.5% |
| Recurring financial income | 75 | €240 | €390 | +€150 | +62.5% |
| Financial charges | 65/66B | €2,465 | €2,684 | +€218 | +8.8% |
| Recurring financial charges | 65 | €2,465 | €2,684 | +€218 | +8.8% |
| Profit (loss) for the period before taxes | 9903 | €12,381 | -€5,438 | -€17,819 | |
| Income taxes | 67/77 | €1,992 | €131 | -€1,861 | -93.4% |
| Profit (loss) for the period | 9904 | €10,389 | -€5,570 | -€15,959 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,389 | -€5,570 | -€15,959 |
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 13 October 2026 via checked.be.