VDVJ 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.
VDVJ Consult
Largest movements
- Tangible fixed assets +€51,840
up €51,840 (+47.3%), from €109,684 to €161,524
- Receivables within one year +€29,224
up €29,224 (+197%), from €14,831 to €44,056
of which Other amounts receivable: +€38,709
- Cash +€23,966
up €23,966 (+38.2%), from €62,670 to €86,636
mainly Depreciation (+€48,574) and Debts after one year (+€46,881)
- Debts after one year +€46,881
up €46,881 (+54.8%), from €85,605 to €132,486
- Reserves +€40,042
up €40,042 (+91.0%), from €44,006 to €84,048
- Current portion of long-term debt +€20,048
up €20,048 (+83.2%), from €24,092 to €44,140
- Accrued charges and deferred income -€14,965
no longer reported in 2025 (was €14,965)
- Tax, wage and social debts +€8,064
up €8,064 (+60.2%), from €13,388 to €21,452
- Gross operating margin +€43,567
up €43,567 (+64.0%), from €68,110 to €111,678
- Depreciation +€22,009
up €22,009 (+82.8%), from €26,565 to €48,574
- Taxes +€6,345
up €6,345 (+71.3%), from €8,904 to €15,249
- Other operating charges +€1,933
up €1,933 (+208%), from €928 to €2,861
- Financial charges +€1,677
up €1,677 (+51.2%), from €3,275 to €4,951
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 | €188,990 | €295,118 | +€106,128 | +56.2% |
| Fixed assets | 21/28 | €109,684 | €161,524 | +€51,840 | +47.3% |
| Tangible fixed assets | 22/27 | €109,684 | €161,524 | +€51,840 | +47.3% |
| Furniture and vehicles | 24 | €109,684 | €161,524 | +€51,840 | +47.3% |
| Current assets | 29/58 | €79,306 | €133,594 | +€54,289 | +68.5% |
| Amounts receivable within one year | 40/41 | €14,831 | €44,056 | +€29,224 | +197% |
| Trade receivables | 40 | €10,985 | €1,500 | -€9,485 | -86.3% |
| Other amounts receivable | 41 | €3,846 | €42,556 | +€38,709 | +1,006% |
| Cash at bank and in hand | 54/58 | €62,670 | €86,636 | +€23,966 | +38.2% |
| Deferred charges and accrued income | 490/1 | €1,804 | €2,903 | +€1,098 | +60.9% |
| Total equity and liabilities | 10/49 | €188,990 | €295,118 | +€106,128 | +56.2% |
| Equity | 10/15 | €46,506 | €86,548 | +€40,042 | +86.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €44,006 | €84,048 | +€40,042 | +91.0% |
| Distributable reserves | 133 | €44,006 | €84,048 | +€40,042 | +91.0% |
| Amounts payable | 17/49 | €142,484 | €208,570 | +€66,086 | +46.4% |
| Amounts payable after more than one year | 17 | €85,605 | €132,486 | +€46,881 | +54.8% |
| Financial debts | 170/4 | €85,605 | €132,486 | +€46,881 | +54.8% |
| Amounts payable within one year | 42/48 | €41,914 | €76,084 | +€34,170 | +81.5% |
| Current portion of amounts payable after more than one year | 42 | €24,092 | €44,140 | +€20,048 | +83.2% |
| Trade debts | 44 | €3,646 | €10,492 | +€6,847 | +188% |
| Suppliers | 440/4 | €3,646 | €10,492 | +€6,847 | +188% |
| Taxes, remuneration and social security | 45 | €13,388 | €21,452 | +€8,064 | +60.2% |
| Taxes | 450/3 | €13,388 | €21,452 | +€8,064 | +60.2% |
| Other amounts payable | 47/48 | €788 | - | -€788 | |
| Accrued charges and deferred income | 492/3 | €14,965 | - | -€14,965 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,565 | €48,574 | +€22,009 | +82.8% |
| Other operating charges | 640/8 | €928 | €2,861 | +€1,933 | +208% |
| Gross operating margin | 9900 | €68,110 | €111,678 | +€43,567 | +64.0% |
| Operating profit (loss) | 9901 | €40,617 | €60,242 | +€19,625 | +48.3% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €3,275 | €4,951 | +€1,677 | +51.2% |
| Recurring financial charges | 65 | €3,275 | €4,951 | +€1,677 | +51.2% |
| Profit (loss) for the period before taxes | 9903 | €37,343 | €55,291 | +€17,948 | +48.1% |
| Income taxes | 67/77 | €8,904 | €15,249 | +€6,345 | +71.3% |
| Profit (loss) for the period | 9904 | €28,439 | €40,042 | +€11,603 | +40.8% |
| Profit (loss) for the period to be appropriated | 9905 | €28,439 | €40,042 | +€11,603 | +40.8% |
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 27 October 2026 via checked.be.