VLD 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.
VLD CONSULT
Largest movements
- Tangible fixed assets -€5,075
down €5,075 (-82.2%), from €6,176 to €1,101
- Receivables within one year +€4,296
up €4,296 (+18.5%), from €23,279 to €27,575
of which Trade receivables: +€2,205
- Cash +€3,351
up €3,351 (+100%), from €3,346 to €6,697
mainly Depreciation (+€5,418) and Net result for the year (+€3,789)
- Deferred charges and accrued income +€1,570
up €1,570 (+90.0%), from €1,745 to €3,315
- Profit (loss) carried forward +€3,789
up €3,789 (+29.1%), from €13,000 to €16,789
- Current portion of long-term debt -€3,699
no longer reported in 2025 (was €3,699)
- Accrued charges and deferred income +€3,650
new in 2025: €3,650
- Trade debts +€1,216
up €1,216 (+38.0%), from €3,199 to €4,415
- Advances received -€1,007
no longer reported in 2025 (was €1,007)
- Gross operating margin +€6,765
up €6,765 (+62.7%), from €10,793 to €17,558
- Taxes +€2,140
up €2,140 (+444%), from €482 to €2,622
- Depreciation -€1,781
down €1,781 (-24.7%), from €7,199 to €5,418
- Write-downs +€1,459
new in 2025: €1,459
- Staff costs +€496
up €496 (+14.9%), from €3,320 to €3,816
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 | €34,641 | €38,783 | +€4,142 | +12.0% |
| Fixed assets | 21/28 | €6,271 | €1,196 | -€5,075 | -80.9% |
| Tangible fixed assets | 22/27 | €6,176 | €1,101 | -€5,075 | -82.2% |
| Furniture and vehicles | 24 | €6,176 | €1,101 | -€5,075 | -82.2% |
| Financial fixed assets | 28 | €95 | €95 | = | 0.0% |
| Current assets | 29/58 | €28,370 | €37,587 | +€9,217 | +32.5% |
| Amounts receivable within one year | 40/41 | €23,279 | €27,575 | +€4,296 | +18.5% |
| Trade receivables | 40 | €16,521 | €18,726 | +€2,205 | +13.3% |
| Other amounts receivable | 41 | €6,758 | €8,849 | +€2,091 | +30.9% |
| Cash at bank and in hand | 54/58 | €3,346 | €6,697 | +€3,351 | +100% |
| Deferred charges and accrued income | 490/1 | €1,745 | €3,315 | +€1,570 | +90.0% |
| Total equity and liabilities | 10/49 | €34,641 | €38,783 | +€4,142 | +12.0% |
| Equity | 10/15 | €19,760 | €23,549 | +€3,789 | +19.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €560 | €560 | = | 0.0% |
| Distributable reserves | 133 | €560 | €560 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,000 | €16,789 | +€3,789 | +29.1% |
| Amounts payable | 17/49 | €14,881 | €15,234 | +€353 | +2.4% |
| Amounts payable within one year | 42/48 | €14,881 | €11,584 | -€3,297 | -22.2% |
| Current portion of amounts payable after more than one year | 42 | €3,699 | - | -€3,699 | |
| Trade debts | 44 | €3,199 | €4,415 | +€1,216 | +38.0% |
| Suppliers | 440/4 | €3,199 | €4,415 | +€1,216 | +38.0% |
| Advances received on contracts in progress | 46 | €1,007 | - | -€1,007 | |
| Taxes, remuneration and social security | 45 | €6,976 | €7,169 | +€193 | +2.8% |
| Taxes | 450/3 | €6,976 | €7,169 | +€193 | +2.8% |
| Accrued charges and deferred income | 492/3 | - | €3,650 | +€3,650 | |
| Remuneration, social security and pensions | 62 | €3,320 | €3,816 | +€496 | +14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,199 | €5,418 | -€1,781 | -24.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,459 | +€1,459 | |
| Other operating charges | 640/8 | €387 | €712 | +€325 | +84.0% |
| Gross operating margin | 9900 | €10,793 | €17,558 | +€6,765 | +62.7% |
| Operating profit (loss) | 9901 | -€113 | €6,153 | +€6,266 | |
| Financial income | 75/76B | €766 | €394 | -€372 | -48.6% |
| Recurring financial income | 75 | €766 | €394 | -€372 | -48.6% |
| Financial charges | 65/66B | €217 | €136 | -€81 | -37.3% |
| Recurring financial charges | 65 | €217 | €136 | -€81 | -37.3% |
| Profit (loss) for the period before taxes | 9903 | €436 | €6,411 | +€5,975 | +1,370% |
| Income taxes | 67/77 | €482 | €2,622 | +€2,140 | +444% |
| Profit (loss) for the period | 9904 | -€46 | €3,789 | +€3,835 | |
| Profit (loss) for the period to be appropriated | 9905 | -€46 | €3,789 | +€3,835 |
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 24 October 2026 via checked.be.