VDP CONSULTANCY: 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.
VDP CONSULTANCY
Largest movements
- Receivables within one year +€28,683
up €28,683 (+61.3%), from €46,801 to €75,484
of which Trade receivables: +€35,925
- Cash -€21,326
down €21,326 (-42.8%), from €49,844 to €28,519
mainly Contributions, distributions and other (-€70,000) and Receivables within one year (-€28,683)
- Tangible fixed assets -€13,459
down €13,459 (-2.5%), from €538,022 to €524,563
of which Land and buildings: -€17,045
- Reserves -€30,045
down €30,045 (-21.6%), from €139,111 to €109,067
- Other debts +€23,000
up €23,000, from €0 to €23,000
- Debts after one year -€14,840
down €14,840 (-3.1%), from €475,957 to €461,117
- Tax, wage and social debts +€11,982
up €11,982 (+341.1%), from €3,512 to €15,494
- Gross operating margin -€62,651
down €62,651 (-40.3%), from €155,291 to €92,640
- Depreciation -€30,397
down €30,397 (-59.2%), from €51,351 to €20,954
- Taxes -€5,416
down €5,416 (-27.7%), from €19,532 to €14,116
- Other operating charges +€1,777
up €1,777 (+142.5%), from €1,247 to €3,024
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 | €637,524 | €630,561 | -€6,963 | -1.1% |
| Fixed assets | 21/28 | €538,022 | €524,563 | -€13,459 | -2.5% |
| Tangible fixed assets | 22/27 | €538,022 | €524,563 | -€13,459 | -2.5% |
| Land and buildings | 22 | €533,268 | €516,223 | -€17,045 | -3.2% |
| Plant, machinery and equipment | 23 | €1,804 | €21 | -€1,783 | -98.8% |
| Furniture and vehicles | 24 | €2,950 | €8,319 | +€5,369 | +182.0% |
| Current assets | 29/58 | €99,502 | €105,998 | +€6,496 | +6.5% |
| Amounts receivable within one year | 40/41 | €46,801 | €75,484 | +€28,683 | +61.3% |
| Trade receivables | 40 | €39,075 | €75,000 | +€35,925 | +91.9% |
| Other amounts receivable | 41 | €7,726 | €484 | -€7,242 | -93.7% |
| Cash at bank and in hand | 54/58 | €49,844 | €28,519 | -€21,326 | -42.8% |
| Deferred charges and accrued income | 490/1 | €2,858 | €1,996 | -€862 | -30.2% |
| Total equity and liabilities | 10/49 | €637,524 | €630,561 | -€6,963 | -1.1% |
| Equity | 10/15 | €141,611 | €111,567 | -€30,045 | -21.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €139,111 | €109,067 | -€30,045 | -21.6% |
| Distributable reserves | 133 | €139,111 | €109,067 | -€30,045 | -21.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €495,913 | €518,995 | +€23,082 | +4.7% |
| Amounts payable after more than one year | 17 | €475,957 | €461,117 | -€14,840 | -3.1% |
| Financial debts | 170/4 | €475,957 | €461,117 | -€14,840 | -3.1% |
| Amounts payable within one year | 42/48 | €19,956 | €57,877 | +€37,922 | +190.0% |
| Current portion of amounts payable after more than one year | 42 | €14,287 | €18,232 | +€3,944 | +27.6% |
| Trade debts | 44 | €2,156 | €1,151 | -€1,005 | -46.6% |
| Suppliers | 440/4 | €2,156 | €1,151 | -€1,005 | -46.6% |
| Taxes, remuneration and social security | 45 | €3,512 | €15,494 | +€11,982 | +341.1% |
| Taxes | 450/3 | €3,512 | €15,494 | +€11,982 | +341.1% |
| Other amounts payable | 47/48 | €0 | €23,000 | +€23,000 | |
| Non-recurring operating income | 76A | €0 | €1,606 | +€1,606 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,351 | €20,954 | -€30,397 | -59.2% |
| Other operating charges | 640/8 | €1,247 | €3,024 | +€1,777 | +142.5% |
| Gross operating margin | 9900 | €155,291 | €92,640 | -€62,651 | -40.3% |
| Operating profit (loss) | 9901 | €102,693 | €68,662 | -€34,032 | -33.1% |
| Financial income | 75/76B | €281 | €264 | -€17 | -6.2% |
| Recurring financial income | 75 | €281 | €264 | -€17 | -6.2% |
| Financial charges | 65/66B | €15,518 | €14,854 | -€664 | -4.3% |
| Recurring financial charges | 65 | €15,518 | €14,854 | -€664 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €87,456 | €54,071 | -€33,385 | -38.2% |
| Income taxes | 67/77 | €19,532 | €14,116 | -€5,416 | -27.7% |
| Profit (loss) for the period | 9904 | €67,924 | €39,955 | -€27,969 | -41.2% |
| Profit (loss) for the period to be appropriated | 9905 | €67,924 | €39,955 | -€27,969 | -41.2% |
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 10 October 2026 via checked.be.