VdP CONSULTANTS: what changed
VdP CONSULTANTS
Largest movements
- Receivables within one year +€10,911
up €10,911 (+41.8%), from €26,115 to €37,026
of which Trade receivables: +€15,032
- Tangible fixed assets -€5,868
down €5,868 (-3.0%), from €192,867 to €186,999
of which Land and buildings: -€5,808
- Cash -€5,344
down €5,344 (-8.2%), from €65,340 to €59,996
mainly Contributions, distributions and other (-€17,331) and Receivables within one year (-€10,911)
- Debts after one year -€10,271
down €10,271 (-26.7%), from €38,423 to €28,152
- Tax, wage and social debts +€5,122
up €5,122 (+44.0%), from €11,642 to €16,764
- Reserves +€3,828
up €3,828 (+2.3%), from €167,211 to €171,039
of which Distributable reserves: +€6,469
- Gross operating margin +€10,119
up €10,119 (+32.0%), from €31,597 to €41,716
- Taxes +€3,490
up €3,490 (+33.5%), from €10,407 to €13,897
- Financial income +€515
up €515 (+444%), from €116 to €631
- Depreciation -€445
down €445 (-7.0%), from €6,313 to €5,868
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €284,604 | €284,326 | -€278 | -0.1% |
| Fixed assets | 21/28 | €192,867 | €186,999 | -€5,868 | -3.0% |
| Tangible fixed assets | 22/27 | €192,867 | €186,999 | -€5,868 | -3.0% |
| Land and buildings | 22 | €192,807 | €186,999 | -€5,808 | -3.0% |
| Furniture and vehicles | 24 | €60 | - | -€60 | |
| Current assets | 29/58 | €91,737 | €97,327 | +€5,590 | +6.1% |
| Amounts receivable within one year | 40/41 | €26,115 | €37,026 | +€10,911 | +41.8% |
| Trade receivables | 40 | €21,994 | €37,026 | +€15,032 | +68.3% |
| Other amounts receivable | 41 | €4,121 | - | -€4,121 | |
| Cash at bank and in hand | 54/58 | €65,340 | €59,996 | -€5,344 | -8.2% |
| Deferred charges and accrued income | 490/1 | €282 | €305 | +€23 | +8.2% |
| Total equity and liabilities | 10/49 | €284,604 | €284,326 | -€278 | -0.1% |
| Equity | 10/15 | €185,803 | €189,892 | +€4,089 | +2.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €167,211 | €171,039 | +€3,828 | +2.3% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €22,119 | €19,478 | -€2,641 | -11.9% |
| Distributable reserves | 133 | €143,233 | €149,702 | +€6,469 | +4.5% |
| Profit (loss) carried forward | 14 | - | €261 | +€261 | |
| Provisions and deferred taxes | 16 | €9,291 | €8,182 | -€1,109 | -11.9% |
| Deferred taxes | 168 | €9,291 | €8,182 | -€1,109 | -11.9% |
| Amounts payable | 17/49 | €89,510 | €86,252 | -€3,258 | -3.6% |
| Amounts payable after more than one year | 17 | €38,423 | €28,152 | -€10,271 | -26.7% |
| Financial debts | 170/4 | €38,423 | €28,152 | -€10,271 | -26.7% |
| Amounts payable within one year | 42/48 | €51,087 | €58,100 | +€7,013 | +13.7% |
| Current portion of amounts payable after more than one year | 42 | €10,118 | €10,270 | +€152 | +1.5% |
| Trade debts | 44 | €1,793 | €1,061 | -€732 | -40.8% |
| Suppliers | 440/4 | €1,793 | €1,061 | -€732 | -40.8% |
| Taxes, remuneration and social security | 45 | €11,642 | €16,764 | +€5,122 | +44.0% |
| Taxes | 450/3 | €11,642 | €16,764 | +€5,122 | +44.0% |
| Other amounts payable | 47/48 | €27,534 | €30,005 | +€2,471 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,313 | €5,868 | -€445 | -7.0% |
| Other operating charges | 640/8 | €1,547 | €1,257 | -€290 | -18.7% |
| Gross operating margin | 9900 | €31,597 | €41,716 | +€10,119 | +32.0% |
| Operating profit (loss) | 9901 | €23,737 | €34,591 | +€10,854 | +45.7% |
| Financial income | 75/76B | €116 | €631 | +€515 | +444% |
| Recurring financial income | 75 | €116 | €631 | +€515 | +444% |
| Financial charges | 65/66B | €1,070 | €1,014 | -€56 | -5.2% |
| Recurring financial charges | 65 | €1,070 | €1,014 | -€56 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | €22,783 | €34,208 | +€11,425 | +50.1% |
| Transfer from deferred taxes | 780 | €1,109 | €1,109 | = | 0.0% |
| Income taxes | 67/77 | €10,407 | €13,897 | +€3,490 | +33.5% |
| Profit (loss) for the period | 9904 | €13,485 | €21,420 | +€7,935 | +58.8% |
| Transfer from tax-exempt reserves | 789 | €2,641 | €2,641 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,126 | €24,061 | +€7,935 | +49.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.