VDSD 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.
VDSD Consulting
Largest movements
- Receivables within one year +€75,834
up €75,834 (+117%), from €64,911 to €140,745
of which Other amounts receivable: +€43,826
- Deferred charges and accrued income +€9,727
new in 2025: €9,727
- Cash -€4,414
down €4,414 (-13.7%), from €32,279 to €27,866
mainly Receivables within one year (-€75,834) and Deferred charges and accrued income (-€9,727)
- Reserves +€52,889
up €52,889 (+61.1%), from €86,537 to €139,425
- Trade debts +€15,822
up €15,822 (+2,925%), from €541 to €16,363
- Tax, wage and social debts +€12,533
up €12,533 (+137%), from €9,180 to €21,713
- Taxes +€18,360
up €18,360 (+79.2%), from €23,177 to €41,536
- Gross operating margin -€15,791
down €15,791 (-14.3%), from €110,378 to €94,587
- Financial income +€2,895
up €2,895 (+304%), from €953 to €3,848
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 | €102,258 | €183,501 | +€81,243 | +79.4% |
| Fixed assets | 21/28 | €5,068 | €5,164 | +€96 | +1.9% |
| Tangible fixed assets | 22/27 | €5,068 | €5,164 | +€96 | +1.9% |
| Plant, machinery and equipment | 23 | €1,456 | €3,087 | +€1,631 | +112% |
| Furniture and vehicles | 24 | €3,612 | €2,077 | -€1,535 | -42.5% |
| Current assets | 29/58 | €97,190 | €178,337 | +€81,147 | +83.5% |
| Amounts receivable within one year | 40/41 | €64,911 | €140,745 | +€75,834 | +117% |
| Trade receivables | 40 | €18,654 | €50,662 | +€32,008 | +172% |
| Other amounts receivable | 41 | €46,257 | €90,083 | +€43,826 | +94.7% |
| Cash at bank and in hand | 54/58 | €32,279 | €27,866 | -€4,414 | -13.7% |
| Deferred charges and accrued income | 490/1 | - | €9,727 | +€9,727 | |
| Total equity and liabilities | 10/49 | €102,258 | €183,501 | +€81,243 | +79.4% |
| Equity | 10/15 | €92,537 | €145,425 | +€52,889 | +57.2% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €86,537 | €139,425 | +€52,889 | +61.1% |
| Distributable reserves | 133 | €86,537 | €139,425 | +€52,889 | +61.1% |
| Amounts payable | 17/49 | €9,721 | €38,076 | +€28,354 | +292% |
| Amounts payable within one year | 42/48 | €9,721 | €38,076 | +€28,354 | +292% |
| Trade debts | 44 | €541 | €16,363 | +€15,822 | +2,925% |
| Suppliers | 440/4 | €541 | €16,363 | +€15,822 | +2,925% |
| Taxes, remuneration and social security | 45 | €9,180 | €21,713 | +€12,533 | +137% |
| Taxes | 450/3 | €9,180 | €21,713 | +€12,533 | +137% |
| Remuneration, social security and pensions | 62 | €387 | €888 | +€500 | +129% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,093 | €1,932 | +€840 | +76.8% |
| Other operating charges | 640/8 | €98 | €690 | +€592 | +605% |
| Gross operating margin | 9900 | €110,378 | €94,587 | -€15,791 | -14.3% |
| Operating profit (loss) | 9901 | €108,800 | €91,077 | -€17,723 | -16.3% |
| Financial income | 75/76B | €953 | €3,848 | +€2,895 | +304% |
| Recurring financial income | 75 | €953 | €3,848 | +€2,895 | +304% |
| Financial charges | 65/66B | €40 | €500 | +€460 | +1,142% |
| Recurring financial charges | 65 | €40 | €500 | +€460 | +1,142% |
| Profit (loss) for the period before taxes | 9903 | €109,713 | €94,425 | -€15,288 | -13.9% |
| Income taxes | 67/77 | €23,177 | €41,536 | +€18,360 | +79.2% |
| Profit (loss) for the period | 9904 | €86,537 | €52,889 | -€33,648 | -38.9% |
| Profit (loss) for the period to be appropriated | 9905 | €86,537 | €52,889 | -€33,648 | -38.9% |
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 17 October 2026 via checked.be.