VODB CONSULTING GROUP: 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.
VODB CONSULTING GROUP
Largest movements
- Current investments +€57,631
up €57,631 (+16.8%), from €343,130 to €400,762
- Cash +€11,387
up €11,387 (+11.1%), from €102,278 to €113,665
mainly Net result for the year (+€48,650) and Other debts (+€21,489)
- Receivables within one year -€6,678
down €6,678 (-22.9%), from €29,181 to €22,503
of which Other amounts receivable: -€5,942
- Reserves +€48,650
up €48,650 (+17.1%), from €284,573 to €333,223
of which Distributable reserves: +€48,650
- Other debts +€21,489
up €21,489 (+15.3%), from €140,910 to €162,400
- Accrued charges and deferred income +€20,275
new in 2025: €20,275
- Tax, wage and social debts -€17,202
down €17,202 (-91.2%), from €18,863 to €1,661
- Trade debts -€11,509
down €11,509 (-63.0%), from €18,271 to €6,762
- Financial income +€58,027
up €58,027 (+5,674%), from €1,023 to €59,050
- Gross operating margin -€29,572
down €29,572 (-65.1%), from €45,405 to €15,832
- Taxes -€2,534
down €2,534 (-30.7%), from €8,264 to €5,730
- Other operating charges -€2,256
down €2,256 (-81.3%), from €2,774 to €518
- Financial charges +€1,515
up €1,515 (+8.9%), from €17,000 to €18,516
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 | €486,891 | €546,670 | +€59,779 | +12.3% |
| Fixed assets | 21/28 | €11,209 | €9,740 | -€1,469 | -13.1% |
| Intangible fixed assets | 21 | €211 | €158 | -€53 | -25.0% |
| Tangible fixed assets | 22/27 | €3,498 | €2,082 | -€1,416 | -40.5% |
| Plant, machinery and equipment | 23 | €1,235 | €926 | -€309 | -25.0% |
| Furniture and vehicles | 24 | €2,263 | €1,156 | -€1,107 | -48.9% |
| Financial fixed assets | 28 | €7,500 | €7,500 | = | 0.0% |
| Current assets | 29/58 | €475,682 | €536,930 | +€61,248 | +12.9% |
| Amounts receivable within one year | 40/41 | €29,181 | €22,503 | -€6,678 | -22.9% |
| Trade receivables | 40 | €13,969 | €13,233 | -€736 | -5.3% |
| Other amounts receivable | 41 | €15,212 | €9,270 | -€5,942 | -39.1% |
| Current investments | 50/53 | €343,130 | €400,762 | +€57,631 | +16.8% |
| Cash at bank and in hand | 54/58 | €102,278 | €113,665 | +€11,387 | +11.1% |
| Deferred charges and accrued income | 490/1 | €1,093 | - | -€1,093 | |
| Total equity and liabilities | 10/49 | €486,891 | €546,670 | +€59,779 | +12.3% |
| Equity | 10/15 | €303,173 | €351,823 | +€48,650 | +16.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €284,573 | €333,223 | +€48,650 | +17.1% |
| Non-distributable reserves | 130/1 | €3,720 | €3,720 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,720 | €3,720 | = | 0.0% |
| Distributable reserves | 133 | €280,853 | €329,503 | +€48,650 | +17.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €183,719 | €194,848 | +€11,129 | +6.1% |
| Amounts payable within one year | 42/48 | €183,719 | €174,573 | -€9,146 | -5.0% |
| Current portion of amounts payable after more than one year | 42 | €5,675 | - | -€5,675 | |
| Financial debts | 43 | - | €3,750 | +€3,750 | |
| Credit institutions | 430/8 | - | €3,750 | +€3,750 | |
| Trade debts | 44 | €18,271 | €6,762 | -€11,509 | -63.0% |
| Suppliers | 440/4 | €18,271 | €6,762 | -€11,509 | -63.0% |
| Taxes, remuneration and social security | 45 | €18,863 | €1,661 | -€17,202 | -91.2% |
| Taxes | 450/3 | €18,863 | €1,661 | -€17,202 | -91.2% |
| Other amounts payable | 47/48 | €140,910 | €162,400 | +€21,489 | +15.3% |
| Accrued charges and deferred income | 492/3 | - | €20,275 | +€20,275 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,420 | €1,469 | +€48 | +3.4% |
| Other operating charges | 640/8 | €2,774 | €518 | -€2,256 | -81.3% |
| Gross operating margin | 9900 | €45,405 | €15,832 | -€29,572 | -65.1% |
| Operating profit (loss) | 9901 | €41,210 | €13,846 | -€27,365 | -66.4% |
| Financial income | 75/76B | €1,023 | €59,050 | +€58,027 | +5,674% |
| Recurring financial income | 75 | €1,023 | €59,050 | +€58,027 | +5,674% |
| Financial charges | 65/66B | €17,000 | €18,516 | +€1,515 | +8.9% |
| Recurring financial charges | 65 | €17,000 | €18,516 | +€1,515 | +8.9% |
| Profit (loss) for the period before taxes | 9903 | €25,233 | €54,380 | +€29,147 | +116% |
| Income taxes | 67/77 | €8,264 | €5,730 | -€2,534 | -30.7% |
| Profit (loss) for the period | 9904 | €16,969 | €48,650 | +€31,681 | +187% |
| Profit (loss) for the period to be appropriated | 9905 | €16,969 | €48,650 | +€31,681 | +187% |
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 1 November 2026 via checked.be.