VFDB CONSULTING: what changed
Two fiscal 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.
VFDB CONSULTING
Largest movements
- Cash -€35,799
down €35,799 (-79.6%), from €44,948 to €9,149
mainly Receivables within one year (-€31,183) and Other debts (-€17,506)
- Receivables within one year +€31,183
up €31,183 (+188.6%), from €16,532 to €47,715
of which Trade receivables: +€22,613
- Tangible fixed assets +€1,919
up €1,919 (+159.3%), from €1,204 to €3,123
- Other debts -€17,506
down €17,506 (-67.3%), from €26,027 to €8,521
- Profit (loss) carried forward +€12,707
up €12,707 (+56.3%), from €22,572 to €35,279
- Tax, wage and social debts +€1,889
up €1,889 (+16.9%), from €11,204 to €13,093
- Financial charges +€43,126
up €43,126 (+4242.5%), from €1,017 to €44,142
- Gross operating margin +€32,424
up €32,424 (+99.3%), from €32,666 to €65,089
- Taxes -€1,680
down €1,680 (-22.4%), from €7,502 to €5,822
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.
Cash bridge derived
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 | €63,841 | €60,851 | -€2,990 | -4.7% |
| Fixed assets | 21/28 | €1,204 | €3,123 | +€1,919 | +159.3% |
| Tangible fixed assets | 22/27 | €1,204 | €3,123 | +€1,919 | +159.3% |
| Furniture and vehicles | 24 | €1,204 | €3,123 | +€1,919 | +159.3% |
| Current assets | 29/58 | €62,636 | €57,728 | -€4,908 | -7.8% |
| Amounts receivable within one year | 40/41 | €16,532 | €47,715 | +€31,183 | +188.6% |
| Trade receivables | 40 | €16,532 | €39,146 | +€22,613 | +136.8% |
| Other amounts receivable | 41 | - | €8,570 | +€8,570 | |
| Cash at bank and in hand | 54/58 | €44,948 | €9,149 | -€35,799 | -79.6% |
| Deferred charges and accrued income | 490/1 | €1,156 | €864 | -€292 | -25.2% |
| Total equity and liabilities | 10/49 | €63,841 | €60,851 | -€2,990 | -4.7% |
| Equity | 10/15 | €25,572 | €38,279 | +€12,707 | +49.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,572 | €35,279 | +€12,707 | +56.3% |
| Amounts payable | 17/49 | €38,269 | €22,572 | -€15,697 | -41.0% |
| Amounts payable within one year | 42/48 | €38,269 | €22,572 | -€15,697 | -41.0% |
| Trade debts | 44 | €1,037 | €958 | -€79 | -7.6% |
| Suppliers | 440/4 | €1,037 | €958 | -€79 | -7.6% |
| Taxes, remuneration and social security | 45 | €11,204 | €13,093 | +€1,889 | +16.9% |
| Taxes | 450/3 | €11,204 | €13,093 | +€1,889 | +16.9% |
| Other amounts payable | 47/48 | €26,027 | €8,521 | -€17,506 | -67.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €254 | €765 | +€511 | +201.0% |
| Other operating charges | 640/8 | €462 | €820 | +€359 | +77.7% |
| Gross operating margin | 9900 | €32,666 | €65,089 | +€32,424 | +99.3% |
| Operating profit (loss) | 9901 | €31,950 | €63,504 | +€31,554 | +98.8% |
| Financial charges | 65/66B | €1,017 | €44,142 | +€43,126 | +4242.5% |
| Recurring financial charges | 65 | €1,017 | €44,142 | +€43,126 | +4242.5% |
| Profit (loss) for the period before taxes | 9903 | €30,933 | €19,362 | -€11,571 | -37.4% |
| Income taxes | 67/77 | €7,502 | €5,822 | -€1,680 | -22.4% |
| Profit (loss) for the period | 9904 | €23,431 | €13,540 | -€9,891 | -42.2% |
| Profit (loss) for the period to be appropriated | 9905 | €23,431 | €13,540 | -€9,891 | -42.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.