VDW CONSEIL: 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.
VDW CONSEIL
Largest movements
- Current assets +€98,441
up €98,441 (+151%), from €65,080 to €163,521
of which Cash: +€90,639
- Financial fixed assets +€60,000
up €60,000 (+40,000%), from €150 to €60,150
- Tangible fixed assets -€28,822
down €28,822 (-9.0%), from €321,440 to €292,618
- Debts +€71,955
up €71,955 (+18.6%), from €385,861 to €457,816
of which Debts within one year: +€100,684
- Reserves +€35,000
up €35,000 (+70,000%), from €50 to €35,050
of which Distributable reserves: +€35,000
- Profit (loss) carried forward +€22,664
up €22,664 (+8,751%), from €259 to €22,923
- Turnover +€268,000
new in 2021: €268,000
- Purchases and services +€96,040
new in 2021: €96,040
- Gross operating margin +€82,332
up €82,332 (+71.9%), from €114,576 to €196,908
- Taxes +€21,596
up €21,596 (+121%), from €17,876 to €39,472
- Financial charges +€6,371
new in 2021: €6,371
From the 2020 result to the 2021 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €386,670 | €516,289 | +€129,619 | +33.5% |
| Fixed assets | 21/28 | €321,590 | €352,768 | +€31,178 | +9.7% |
| Tangible fixed assets | 22/27 | €321,440 | €292,618 | -€28,822 | -9.0% |
| Land and buildings | 22 | - | €274,721 | +€274,721 | |
| Plant, machinery and equipment | 23 | - | €15,633 | +€15,633 | |
| Furniture and vehicles | 24 | - | €2,264 | +€2,264 | |
| Financial fixed assets | 28 | €150 | €60,150 | +€60,000 | +40,000% |
| Current assets | 29/58 | €65,080 | €163,521 | +€98,441 | +151% |
| Amounts receivable within one year | 40/41 | - | €3,693 | +€3,693 | |
| Trade receivables | 40 | - | €3,693 | +€3,693 | |
| Cash at bank and in hand | 54/58 | €64,593 | €155,232 | +€90,639 | +140% |
| Deferred charges and accrued income | 490/1 | - | €4,596 | +€4,596 | |
| Total equity and liabilities | 10/49 | €386,670 | €516,289 | +€129,619 | +33.5% |
| Equity | 10/15 | €809 | €58,473 | +€57,664 | +7,128% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Capital | 10 | - | €500 | +€500 | |
| Issued capital | 100 | - | €500 | +€500 | |
| Reserves | 13 | €50 | €35,050 | +€35,000 | +70,000% |
| Non-distributable reserves | 130/1 | - | €50 | +€50 | |
| Legal reserve | 130 | - | €50 | +€50 | |
| Distributable reserves | 133 | - | €35,000 | +€35,000 | |
| Profit (loss) carried forward | 14 | €259 | €22,923 | +€22,664 | +8,751% |
| Amounts payable | 17/49 | €385,861 | €457,816 | +€71,955 | +18.6% |
| Amounts payable after more than one year | 17 | €247,950 | €219,222 | -€28,728 | -11.6% |
| Financial debts | 170/4 | - | €219,222 | +€219,222 | |
| Amounts payable within one year | 42/48 | €135,911 | €236,595 | +€100,684 | +74.1% |
| Current portion of amounts payable after more than one year | 42 | - | €28,728 | +€28,728 | |
| Trade debts | 44 | €12,208 | €14,697 | +€2,489 | +20.4% |
| Suppliers | 440/4 | - | €14,697 | +€14,697 | |
| Taxes, remuneration and social security | 45 | - | €49,973 | +€49,973 | |
| Taxes | 450/3 | - | €49,973 | +€49,973 | |
| Other amounts payable | 47/48 | - | €143,197 | +€143,197 | |
| Accrued charges and deferred income | 492/3 | - | €1,999 | +€1,999 | |
| Turnover | 70 | - | €268,000 | +€268,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €96,040 | +€96,040 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,718 | €28,822 | +€3,104 | +12.1% |
| Other operating charges | 640/8 | - | €2,352 | +€2,352 | |
| Gross operating margin | 9900 | €114,576 | €196,908 | +€82,332 | +71.9% |
| Operating profit (loss) | 9901 | €86,563 | €165,734 | +€79,171 | +91.5% |
| Financial charges | 65/66B | - | €6,371 | +€6,371 | |
| Recurring financial charges | 65 | €6,933 | €6,371 | -€562 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | €79,630 | €159,363 | +€79,733 | +100% |
| Income taxes | 67/77 | €17,876 | €39,472 | +€21,596 | +121% |
| Profit (loss) for the period | 9904 | €61,754 | €119,891 | +€58,137 | +94.1% |
| Profit (loss) for the period to be appropriated | 9905 | €61,754 | €119,891 | +€58,137 | +94.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2020 and 30 September 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.