VDV-S 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.
VDV-S CONSULT
Largest movements
- Cash +€89,335
up €89,335 (+148%), from €60,348 to €149,683
mainly Net result for the year (+€99,230) and Tax, wage and social debts (+€33,962)
- Receivables within one year +€47,088
up €47,088 (+102%), from €46,237 to €93,325
of which Trade receivables: +€41,905
- Tangible fixed assets -€21,676
down €21,676 (-81.8%), from €26,511 to €4,835
of which Furniture and vehicles: -€20,932
- Reserves +€99,230
up €99,230 (+123%), from €80,364 to €179,595
- Tax, wage and social debts +€33,962
up €33,962 (+103%), from €32,916 to €66,879
- Other debts -€18,700
no longer reported in 2025 (was €18,700)
- Gross operating margin +€13,129
up €13,129 (+9.7%), from €135,252 to €148,381
- Depreciation -€8,326
down €8,326 (-25.9%), from €32,207 to €23,881
- Taxes +€4,796
up €4,796 (+23.5%), from €20,426 to €25,222
- Financial charges -€2,024
down €2,024 (-96.5%), from €2,099 to €74
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 | €133,096 | €248,001 | +€114,905 | +86.3% |
| Fixed assets | 21/28 | €26,511 | €4,835 | -€21,676 | -81.8% |
| Tangible fixed assets | 22/27 | €26,511 | €4,835 | -€21,676 | -81.8% |
| Plant, machinery and equipment | 23 | €3,594 | €2,851 | -€744 | -20.7% |
| Furniture and vehicles | 24 | €22,917 | €1,984 | -€20,932 | -91.3% |
| Current assets | 29/58 | €106,585 | €243,166 | +€136,581 | +128% |
| Amounts receivable within one year | 40/41 | €46,237 | €93,325 | +€47,088 | +102% |
| Trade receivables | 40 | €46,237 | €88,142 | +€41,905 | +90.6% |
| Other amounts receivable | 41 | - | €5,183 | +€5,183 | |
| Cash at bank and in hand | 54/58 | €60,348 | €149,683 | +€89,335 | +148% |
| Deferred charges and accrued income | 490/1 | - | €158 | +€158 | |
| Total equity and liabilities | 10/49 | €133,096 | €248,001 | +€114,905 | +86.3% |
| Equity | 10/15 | €81,364 | €180,595 | +€99,230 | +122% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €80,364 | €179,595 | +€99,230 | +123% |
| Distributable reserves | 133 | €80,364 | €179,595 | +€99,230 | +123% |
| Amounts payable | 17/49 | €51,732 | €67,407 | +€15,675 | +30.3% |
| Amounts payable within one year | 42/48 | €51,732 | €66,908 | +€15,176 | +29.3% |
| Trade debts | 44 | €116 | €29 | -€87 | -75.0% |
| Suppliers | 440/4 | €116 | €29 | -€87 | -75.0% |
| Taxes, remuneration and social security | 45 | €32,916 | €66,879 | +€33,962 | +103% |
| Taxes | 450/3 | €32,916 | €66,879 | +€33,962 | +103% |
| Other amounts payable | 47/48 | €18,700 | - | -€18,700 | |
| Accrued charges and deferred income | 492/3 | - | €499 | +€499 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,207 | €23,881 | -€8,326 | -25.9% |
| Other operating charges | 640/8 | €156 | €105 | -€51 | -32.7% |
| Gross operating margin | 9900 | €135,252 | €148,381 | +€13,129 | +9.7% |
| Operating profit (loss) | 9901 | €102,889 | €124,396 | +€21,507 | +20.9% |
| Financial income | 75/76B | - | €131 | +€131 | |
| Recurring financial income | 75 | - | €131 | +€131 | |
| Financial charges | 65/66B | €2,099 | €74 | -€2,024 | -96.5% |
| Recurring financial charges | 65 | €2,099 | €74 | -€2,024 | -96.5% |
| Profit (loss) for the period before taxes | 9903 | €100,790 | €124,452 | +€23,662 | +23.5% |
| Income taxes | 67/77 | €20,426 | €25,222 | +€4,796 | +23.5% |
| Profit (loss) for the period | 9904 | €80,364 | €99,230 | +€18,866 | +23.5% |
| Profit (loss) for the period to be appropriated | 9905 | €80,364 | €99,230 | +€18,866 | +23.5% |
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 28 October 2026 via checked.be.