VDV ADMIN & 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.
VDV ADMIN & CONSULTING
Largest movements
- Cash +€46,800
up €46,800 (+280%), from €16,726 to €63,526
mainly Receivables within one year (+€30,768) and Net result for the year (+€28,431)
- Receivables within one year -€30,768
down €30,768 (-27.6%), from €111,497 to €80,730
of which Other amounts receivable: -€31,613
- Reserves +€20,432
up €20,432 (+35.5%), from €57,568 to €78,000
- Profit (loss) carried forward -€11,714
down €11,714 (-22.0%), from €53,242 to €41,528
- Tax, wage and social debts +€9,023
up €9,023 (+136%), from €6,626 to €15,649
of which Taxes: +€7,773
- Contributions -€1,900
down €1,900 (-79.2%), from €2,400 to €500
- Gross operating margin +€6,363
up €6,363 (+17.5%), from €36,296 to €42,659
- Staff costs -€5,942
down €5,942 (-88.5%), from €6,717 to €775
- Taxes +€4,988
up €4,988 (+47.6%), from €10,481 to €15,469
- Depreciation -€2,875
down €2,875 (-84.3%), from €3,412 to €537
- Other operating charges -€1,514
down €1,514 (-64.8%), from €2,336 to €822
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 | €130,382 | €145,878 | +€15,495 | +11.9% |
| Fixed assets | 21/28 | €2,159 | €1,622 | -€537 | -24.9% |
| Tangible fixed assets | 22/27 | €2,159 | €1,622 | -€537 | -24.9% |
| Furniture and vehicles | 24 | €2,159 | €1,622 | -€537 | -24.9% |
| Current assets | 29/58 | €128,223 | €144,256 | +€16,032 | +12.5% |
| Amounts receivable within one year | 40/41 | €111,497 | €80,730 | -€30,768 | -27.6% |
| Trade receivables | 40 | €6,180 | €7,025 | +€845 | +13.7% |
| Other amounts receivable | 41 | €105,318 | €73,705 | -€31,613 | -30.0% |
| Cash at bank and in hand | 54/58 | €16,726 | €63,526 | +€46,800 | +280% |
| Total equity and liabilities | 10/49 | €130,382 | €145,878 | +€15,495 | +11.9% |
| Equity | 10/15 | €113,210 | €120,028 | +€6,819 | +6.0% |
| Contributions | 10/11 | €2,400 | €500 | -€1,900 | -79.2% |
| Reserves | 13 | €57,568 | €78,000 | +€20,432 | +35.5% |
| Distributable reserves | 133 | €57,568 | €78,000 | +€20,432 | +35.5% |
| Profit (loss) carried forward | 14 | €53,242 | €41,528 | -€11,714 | -22.0% |
| Amounts payable | 17/49 | €17,172 | €25,849 | +€8,677 | +50.5% |
| Amounts payable within one year | 42/48 | €17,172 | €25,743 | +€8,571 | +49.9% |
| Trade debts | 44 | €547 | €95 | -€452 | -82.7% |
| Suppliers | 440/4 | €547 | €95 | -€452 | -82.7% |
| Taxes, remuneration and social security | 45 | €6,626 | €15,649 | +€9,023 | +136% |
| Taxes | 450/3 | €6,626 | €14,399 | +€7,773 | +117% |
| Remuneration and social security | 454/9 | - | €1,250 | +€1,250 | |
| Other amounts payable | 47/48 | €10,000 | €10,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €106 | +€106 | |
| Remuneration, social security and pensions | 62 | €6,717 | €775 | -€5,942 | -88.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,412 | €537 | -€2,875 | -84.3% |
| Other operating charges | 640/8 | €2,336 | €822 | -€1,514 | -64.8% |
| Gross operating margin | 9900 | €36,296 | €42,659 | +€6,363 | +17.5% |
| Operating profit (loss) | 9901 | €23,831 | €40,524 | +€16,694 | +70.1% |
| Financial income | 75/76B | €6,278 | €4,833 | -€1,445 | -23.0% |
| Recurring financial income | 75 | €6,278 | €4,833 | -€1,445 | -23.0% |
| Financial charges | 65/66B | €1,932 | €1,457 | -€475 | -24.6% |
| Recurring financial charges | 65 | €1,932 | €1,457 | -€475 | -24.6% |
| Profit (loss) for the period before taxes | 9903 | €28,177 | €43,900 | +€15,723 | +55.8% |
| Income taxes | 67/77 | €10,481 | €15,469 | +€4,988 | +47.6% |
| Profit (loss) for the period | 9904 | €17,696 | €28,431 | +€10,735 | +60.7% |
| Profit (loss) for the period to be appropriated | 9905 | €17,696 | €28,431 | +€10,735 | +60.7% |
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 13 October 2026 via checked.be.