VDR 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.
VDR CONSULT
Largest movements
- Cash +€6,763
up €6,763 (+15.7%), from €42,955 to €49,719
mainly Net result for the year (+€4,840) and Tax, wage and social debts (+€3,145)
- Tangible fixed assets +€2,548
up €2,548 (+133%), from €1,913 to €4,461
of which Plant, machinery and equipment: +€1,815
- Receivables within one year -€1,341
down €1,341 (-10.3%), from €12,969 to €11,628
of which Trade receivables: -€1,573
- Deferred charges and accrued income +€1,074
new in 2025: €1,074
- Profit (loss) carried forward +€4,840
up €4,840 (+10.3%), from €46,842 to €51,682
- Tax, wage and social debts +€3,145
up €3,145 (+58.4%), from €5,381 to €8,526
- Trade debts +€798
up €798 (+210%), from €379 to €1,177
- Gross operating margin -€50,314
down €50,314 (-83.8%), from €60,050 to €9,736
- Taxes -€10,133
down €10,133 (-78.4%), from €12,918 to €2,785
- Depreciation +€1,113
up €1,113 (+585%), from €190 to €1,303
- Other operating charges +€798
new in 2025: €798
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 | €57,837 | €66,881 | +€9,045 | +15.6% |
| Fixed assets | 21/28 | €1,913 | €4,461 | +€2,548 | +133% |
| Tangible fixed assets | 22/27 | €1,913 | €4,461 | +€2,548 | +133% |
| Plant, machinery and equipment | 23 | - | €1,815 | +€1,815 | |
| Furniture and vehicles | 24 | €1,913 | €2,646 | +€733 | +38.3% |
| Current assets | 29/58 | €55,924 | €62,421 | +€6,497 | +11.6% |
| Amounts receivable within one year | 40/41 | €12,969 | €11,628 | -€1,341 | -10.3% |
| Trade receivables | 40 | €11,011 | €9,438 | -€1,573 | -14.3% |
| Other amounts receivable | 41 | €1,958 | €2,190 | +€232 | +11.9% |
| Cash at bank and in hand | 54/58 | €42,955 | €49,719 | +€6,763 | +15.7% |
| Deferred charges and accrued income | 490/1 | - | €1,074 | +€1,074 | |
| Total equity and liabilities | 10/49 | €57,837 | €66,881 | +€9,045 | +15.6% |
| Equity | 10/15 | €51,842 | €56,682 | +€4,840 | +9.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,842 | €51,682 | +€4,840 | +10.3% |
| Amounts payable | 17/49 | €5,995 | €10,199 | +€4,204 | +70.1% |
| Amounts payable within one year | 42/48 | €5,995 | €10,199 | +€4,204 | +70.1% |
| Financial debts | 43 | €235 | €496 | +€262 | +111% |
| Credit institutions | 430/8 | €235 | €496 | +€262 | +111% |
| Trade debts | 44 | €379 | €1,177 | +€798 | +210% |
| Suppliers | 440/4 | €379 | €1,177 | +€798 | +210% |
| Taxes, remuneration and social security | 45 | €5,381 | €8,526 | +€3,145 | +58.4% |
| Taxes | 450/3 | €5,381 | €8,526 | +€3,145 | +58.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €190 | €1,303 | +€1,113 | +585% |
| Other operating charges | 640/8 | - | €798 | +€798 | |
| Gross operating margin | 9900 | €60,050 | €9,736 | -€50,314 | -83.8% |
| Operating profit (loss) | 9901 | €59,860 | €7,635 | -€52,225 | -87.2% |
| Financial income | 75/76B | - | €114 | +€114 | |
| Recurring financial income | 75 | - | €114 | +€114 | |
| Financial charges | 65/66B | €100 | €123 | +€23 | +23.5% |
| Recurring financial charges | 65 | €100 | €123 | +€23 | +23.5% |
| Profit (loss) for the period before taxes | 9903 | €59,760 | €7,625 | -€52,134 | -87.2% |
| Income taxes | 67/77 | €12,918 | €2,785 | -€10,133 | -78.4% |
| Profit (loss) for the period | 9904 | €46,842 | €4,840 | -€42,001 | -89.7% |
| Profit (loss) for the period to be appropriated | 9905 | €46,842 | €4,840 | -€42,001 | -89.7% |
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 15 October 2026 via checked.be.