VMD Consult: 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.
VMD Consult
Largest movements
- Receivables after one year -€40,000
down €40,000 (-100.0%), from €40,000 to €0
- Cash -€31,408
down €31,408 (-90.2%), from €34,830 to €3,422
mainly Contributions, distributions and other (-€105,856) and Receivables within one year (-€24,657)
- Receivables within one year +€24,657
up €24,657 (+163.8%), from €15,053 to €39,709
of which Trade receivables: +€24,616
- Profit (loss) carried forward -€43,609
down €43,609 (-71.3%), from €61,131 to €17,522
- Tax, wage and social debts -€8,107
down €8,107 (-14.4%), from €56,159 to €48,052
of which Taxes: -€9,107
- Short-term financial debts +€5,054
new in 2025: €5,054
- Gross operating margin +€3,137
up €3,137 (+3.9%), from €80,728 to €83,865
- Depreciation +€2,262
up €2,262 (+149.6%), from €1,512 to €3,774
- Taxes -€1,486
down €1,486 (-8.4%), from €17,734 to €16,248
- Financial income -€914
down €914 (-99.3%), from €920 to €6
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 | €122,612 | €76,627 | -€45,985 | -37.5% |
| Fixed assets | 21/28 | €28,055 | €28,021 | -€33 | -0.1% |
| Tangible fixed assets | 22/27 | €27,955 | €28,021 | +€67 | +0.2% |
| Furniture and vehicles | 24 | €1,151 | €2,261 | +€1,110 | +96.4% |
| Other tangible fixed assets | 26 | €26,804 | €25,761 | -€1,043 | -3.9% |
| Financial fixed assets | 28 | €100 | €0 | -€100 | -100.0% |
| Current assets | 29/58 | €94,557 | €48,606 | -€45,951 | -48.6% |
| Amounts receivable after more than one year | 29 | €40,000 | €0 | -€40,000 | -100.0% |
| Other amounts receivable | 291 | €40,000 | €0 | -€40,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €15,053 | €39,709 | +€24,657 | +163.8% |
| Trade receivables | 40 | €15,053 | €39,668 | +€24,616 | +163.5% |
| Other amounts receivable | 41 | - | €41 | +€41 | |
| Cash at bank and in hand | 54/58 | €34,830 | €3,422 | -€31,408 | -90.2% |
| Deferred charges and accrued income | 490/1 | €4,674 | €5,475 | +€800 | +17.1% |
| Total equity and liabilities | 10/49 | €122,612 | €76,627 | -€45,985 | -37.5% |
| Equity | 10/15 | €63,631 | €20,022 | -€43,609 | -68.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €61,131 | €17,522 | -€43,609 | -71.3% |
| Amounts payable | 17/49 | €58,981 | €56,605 | -€2,376 | -4.0% |
| Amounts payable within one year | 42/48 | €58,981 | €56,218 | -€2,763 | -4.7% |
| Financial debts | 43 | - | €5,054 | +€5,054 | |
| Credit institutions | 430/8 | - | €5,054 | +€5,054 | |
| Trade debts | 44 | €2,823 | €3,112 | +€290 | +10.3% |
| Suppliers | 440/4 | €2,823 | €3,112 | +€290 | +10.3% |
| Taxes, remuneration and social security | 45 | €56,159 | €48,052 | -€8,107 | -14.4% |
| Taxes | 450/3 | €56,159 | €47,052 | -€9,107 | -16.2% |
| Remuneration and social security | 454/9 | €0 | €1,000 | +€1,000 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | €387 | +€387 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,512 | €3,774 | +€2,262 | +149.6% |
| Other operating charges | 640/8 | €833 | €701 | -€132 | -15.9% |
| Gross operating margin | 9900 | €80,728 | €83,865 | +€3,137 | +3.9% |
| Operating profit (loss) | 9901 | €78,384 | €79,391 | +€1,008 | +1.3% |
| Financial income | 75/76B | €920 | €6 | -€914 | -99.3% |
| Recurring financial income | 75 | €920 | €6 | -€914 | -99.3% |
| Financial charges | 65/66B | €207 | €903 | +€695 | +335.2% |
| Recurring financial charges | 65 | €207 | €903 | +€695 | +335.2% |
| Profit (loss) for the period before taxes | 9903 | €79,097 | €78,495 | -€602 | -0.8% |
| Income taxes | 67/77 | €17,734 | €16,248 | -€1,486 | -8.4% |
| Profit (loss) for the period | 9904 | €61,363 | €62,247 | +€884 | +1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €61,363 | €62,247 | +€884 | +1.4% |
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 3 October 2026 via checked.be.