VDW-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.
VDW-CONSULTING
Largest movements
- Cash +€257,031
up €257,031 (+341%), from €75,427 to €332,458
mainly Current investments (+€177,121) and Net result for the year (+€115,954)
- Current investments -€177,121
no longer reported in 2025 (was €177,121)
- Tangible fixed assets -€10,344
down €10,344 (-2.6%), from €399,710 to €389,366
of which Land and buildings: -€10,841
- Reserves +€115,000
up €115,000 (+20.1%), from €571,860 to €686,860
- Debts after one year -€36,419
down €36,419 (-85.4%), from €42,626 to €6,208
- Tax, wage and social debts -€12,799
down €12,799 (-73.1%), from €17,499 to €4,700
of which Taxes: -€12,300
- Gross operating margin +€69,257
up €69,257 (+71.6%), from €96,710 to €165,967
- Taxes +€22,248
up €22,248 (+104%), from €21,333 to €43,581
- Financial income +€11,008
up €11,008 (+241%), from €4,572 to €15,580
- Depreciation -€2,070
down €2,070 (-12.0%), from €17,273 to €15,203
- Financial charges -€1,821
down €1,821 (-33.8%), from €5,388 to €3,567
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 | €740,634 | €807,001 | +€66,368 | +9.0% |
| Fixed assets | 21/28 | €399,710 | €389,366 | -€10,344 | -2.6% |
| Tangible fixed assets | 22/27 | €399,710 | €389,366 | -€10,344 | -2.6% |
| Land and buildings | 22 | €391,265 | €380,424 | -€10,841 | -2.8% |
| Plant, machinery and equipment | 23 | €4,833 | €5,294 | +€462 | +9.6% |
| Furniture and vehicles | 24 | €3,613 | €3,648 | +€35 | +1.0% |
| Current assets | 29/58 | €340,924 | €417,635 | +€76,711 | +22.5% |
| Amounts receivable within one year | 40/41 | €61,142 | €53,867 | -€7,275 | -11.9% |
| Trade receivables | 40 | €43,962 | €38,089 | -€5,873 | -13.4% |
| Other amounts receivable | 41 | €17,180 | €15,778 | -€1,402 | -8.2% |
| Current investments | 50/53 | €177,121 | - | -€177,121 | |
| Cash at bank and in hand | 54/58 | €75,427 | €332,458 | +€257,031 | +341% |
| Deferred charges and accrued income | 490/1 | €27,234 | €31,310 | +€4,076 | +15.0% |
| Total equity and liabilities | 10/49 | €740,634 | €807,001 | +€66,368 | +9.0% |
| Equity | 10/15 | €643,402 | €759,356 | +€115,954 | +18.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €571,860 | €686,860 | +€115,000 | +20.1% |
| Distributable reserves | 133 | €571,860 | €686,860 | +€115,000 | +20.1% |
| Profit (loss) carried forward | 14 | €52,942 | €53,896 | +€954 | +1.8% |
| Amounts payable | 17/49 | €97,232 | €47,645 | -€49,587 | -51.0% |
| Amounts payable after more than one year | 17 | €42,626 | €6,208 | -€36,419 | -85.4% |
| Financial debts | 170/4 | €42,626 | €6,208 | -€36,419 | -85.4% |
| Amounts payable within one year | 42/48 | €54,606 | €41,438 | -€13,168 | -24.1% |
| Current portion of amounts payable after more than one year | 42 | €35,034 | €36,419 | +€1,385 | +4.0% |
| Trade debts | 44 | €2,073 | €319 | -€1,754 | -84.6% |
| Suppliers | 440/4 | €2,073 | €319 | -€1,754 | -84.6% |
| Taxes, remuneration and social security | 45 | €17,499 | €4,700 | -€12,799 | -73.1% |
| Taxes | 450/3 | €17,000 | €4,700 | -€12,300 | -72.4% |
| Remuneration and social security | 454/9 | €499 | - | -€499 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,273 | €15,203 | -€2,070 | -12.0% |
| Other operating charges | 640/8 | €2,607 | €2,089 | -€518 | -19.9% |
| Non-recurring operating charges | 66A | - | €1,152 | +€1,152 | |
| Gross operating margin | 9900 | €96,710 | €165,967 | +€69,257 | +71.6% |
| Operating profit (loss) | 9901 | €76,830 | €147,523 | +€70,693 | +92.0% |
| Financial income | 75/76B | €4,572 | €15,580 | +€11,008 | +241% |
| Recurring financial income | 75 | €4,572 | €15,580 | +€11,008 | +241% |
| Financial charges | 65/66B | €5,388 | €3,567 | -€1,821 | -33.8% |
| Recurring financial charges | 65 | €5,388 | €3,567 | -€1,821 | -33.8% |
| Profit (loss) for the period before taxes | 9903 | €76,013 | €159,535 | +€83,522 | +110% |
| Income taxes | 67/77 | €21,333 | €43,581 | +€22,248 | +104% |
| Profit (loss) for the period | 9904 | €54,680 | €115,954 | +€61,275 | +112% |
| Profit (loss) for the period to be appropriated | 9905 | €54,680 | €115,954 | +€61,275 | +112% |
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 19 October 2026 via checked.be.