VDS 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.
VDS Consulting
Largest movements
- Tangible fixed assets +€36,618
up €36,618 (+226%), from €16,224 to €52,842
of which Furniture and vehicles: +€39,963
- Current investments +€34,420
new in 2025: €34,420
- Cash -€16,786
down €16,786 (-16.4%), from €102,061 to €85,275
mainly Investment in fixed assets (net) (-€50,534) and Contributions, distributions and other (-€45,635)
- Receivables within one year +€9,791
up €9,791 (+38.4%), from €25,496 to €35,287
of which Trade receivables: +€11,718
- Reserves +€31,630
up €31,630 (+35.7%), from €88,535 to €120,164
of which Distributable reserves: +€31,630
- Other debts +€18,911
up €18,911 (+63.0%), from €30,000 to €48,911
- Debts after one year +€13,677
up €13,677 (+2,170%), from €630 to €14,307
- Tax, wage and social debts -€4,606
down €4,606 (-34.0%), from €13,540 to €8,935
- Current portion of long-term debt +€3,517
up €3,517 (+39.6%), from €8,892 to €12,410
- Gross operating margin +€25,081
up €25,081 (+24.6%), from €101,813 to €126,894
- Taxes +€9,055
up €9,055 (+39.6%), from €22,868 to €31,923
- Other operating charges -€8,027
down €8,027 (-87.7%), from €9,155 to €1,127
- Depreciation +€4,177
up €4,177 (+42.9%), from €9,739 to €13,916
- Financial income -€3,908
down €3,908 (-97.0%), from €4,030 to €122
of which Non-recurring financial income: -€4,014
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 | €149,824 | €213,107 | +€63,283 | +42.2% |
| Fixed assets | 21/28 | €21,224 | €57,842 | +€36,618 | +173% |
| Tangible fixed assets | 22/27 | €16,224 | €52,842 | +€36,618 | +226% |
| Land and buildings | 22 | €897 | - | -€897 | |
| Plant, machinery and equipment | 23 | €3,134 | €237 | -€2,896 | -92.4% |
| Furniture and vehicles | 24 | €12,193 | €52,155 | +€39,963 | +328% |
| Other tangible fixed assets | 26 | - | €449 | +€449 | |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €128,601 | €155,266 | +€26,665 | +20.7% |
| Amounts receivable within one year | 40/41 | €25,496 | €35,287 | +€9,791 | +38.4% |
| Trade receivables | 40 | €20,468 | €32,186 | +€11,718 | +57.2% |
| Other amounts receivable | 41 | €5,028 | €3,101 | -€1,927 | -38.3% |
| Current investments | 50/53 | - | €34,420 | +€34,420 | |
| Cash at bank and in hand | 54/58 | €102,061 | €85,275 | -€16,786 | -16.4% |
| Deferred charges and accrued income | 490/1 | €1,043 | €283 | -€760 | -72.9% |
| Total equity and liabilities | 10/49 | €149,824 | €213,107 | +€63,283 | +42.2% |
| Equity | 10/15 | €96,035 | €127,664 | +€31,630 | +32.9% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €88,535 | €120,164 | +€31,630 | +35.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €88,535 | €120,164 | +€31,630 | +35.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €53,789 | €85,443 | +€31,654 | +58.8% |
| Amounts payable after more than one year | 17 | €630 | €14,307 | +€13,677 | +2,170% |
| Financial debts | 170/4 | €630 | €14,307 | +€13,677 | +2,170% |
| Amounts payable within one year | 42/48 | €53,159 | €71,136 | +€17,977 | +33.8% |
| Current portion of amounts payable after more than one year | 42 | €8,892 | €12,410 | +€3,517 | +39.6% |
| Financial debts | 43 | - | €30 | +€30 | |
| Credit institutions | 430/8 | - | €30 | +€30 | |
| Trade debts | 44 | €726 | €850 | +€124 | +17.1% |
| Suppliers | 440/4 | €726 | €850 | +€124 | +17.1% |
| Taxes, remuneration and social security | 45 | €13,540 | €8,935 | -€4,606 | -34.0% |
| Taxes | 450/3 | €13,540 | €8,935 | -€4,606 | -34.0% |
| Other amounts payable | 47/48 | €30,000 | €48,911 | +€18,911 | +63.0% |
| Non-recurring operating income | 76A | - | €11,141 | +€11,141 | |
| Remuneration, social security and pensions | 62 | - | €250 | +€250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,739 | €13,916 | +€4,177 | +42.9% |
| Other operating charges | 640/8 | €9,155 | €1,127 | -€8,027 | -87.7% |
| Non-recurring operating charges | 66A | - | €347 | +€347 | |
| Gross operating margin | 9900 | €101,813 | €126,894 | +€25,081 | +24.6% |
| Operating profit (loss) | 9901 | €82,920 | €111,254 | +€28,334 | +34.2% |
| Financial income | 75/76B | €4,030 | €122 | -€3,908 | -97.0% |
| Recurring financial income | 75 | €16 | €122 | +€106 | +652% |
| Non-recurring financial income | 76B | €4,014 | - | -€4,014 | |
| Financial charges | 65/66B | €324 | €2,188 | +€1,864 | +576% |
| Recurring financial charges | 65 | €324 | €2,188 | +€1,864 | +576% |
| Profit (loss) for the period before taxes | 9903 | €86,626 | €109,188 | +€22,562 | +26.0% |
| Income taxes | 67/77 | €22,868 | €31,923 | +€9,055 | +39.6% |
| Profit (loss) for the period | 9904 | €63,758 | €77,264 | +€13,507 | +21.2% |
| Profit (loss) for the period to be appropriated | 9905 | €63,758 | €77,264 | +€13,507 | +21.2% |
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 14 October 2026 via checked.be.