VRD Consulting: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
VRD Consulting
Largest movements
- Cash +€55,641
up €55,641 (+119%), from €46,850 to €102,491
mainly Net result for the year (+€182,459) and Other debts (+€88,067)
- Current investments +€25,874
up €25,874 (+11.5%), from €225,000 to €250,874
- Receivables within one year -€21,796
down €21,796 (-60.3%), from €36,121 to €14,325
of which Trade receivables: -€29,750
- Other debts +€88,067
up €88,067 (+111%), from €79,602 to €167,669
- Trade debts -€31,438
down €31,438 (-97.4%), from €32,275 to €837
- Taxes -€1,702
down €1,702 (-4.3%), from €40,002 to €38,300
- Depreciation +€1,182
up €1,182 (+6.4%), from €18,442 to €19,625
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,614,464 | €1,670,469 | +€56,005 | +3.5% |
| Fixed assets | 21/28 | €1,306,492 | €1,302,779 | -€3,714 | -0.3% |
| Tangible fixed assets | 22/27 | €64,170 | €60,456 | -€3,714 | -5.8% |
| Plant, machinery and equipment | 23 | €969 | €679 | -€290 | -29.9% |
| Furniture and vehicles | 24 | €60,898 | €43,767 | -€17,131 | -28.1% |
| Other tangible fixed assets | 26 | €2,303 | €16,010 | +€13,707 | +595% |
| Financial fixed assets | 28 | €1,242,322 | €1,242,322 | = | 0.0% |
| Current assets | 29/58 | €307,971 | €367,690 | +€59,719 | +19.4% |
| Amounts receivable within one year | 40/41 | €36,121 | €14,325 | -€21,796 | -60.3% |
| Trade receivables | 40 | €29,750 | - | -€29,750 | |
| Other amounts receivable | 41 | €6,371 | €14,325 | +€7,954 | +125% |
| Current investments | 50/53 | €225,000 | €250,874 | +€25,874 | +11.5% |
| Cash at bank and in hand | 54/58 | €46,850 | €102,491 | +€55,641 | +119% |
| Total equity and liabilities | 10/49 | €1,614,464 | €1,670,469 | +€56,005 | +3.5% |
| Equity | 10/15 | €1,461,884 | €1,471,601 | +€9,718 | +0.7% |
| Contributions | 10/11 | €489,554 | €489,554 | = | 0.0% |
| Reserves | 13 | €747,330 | €757,047 | +€9,718 | +1.3% |
| Distributable reserves | 133 | €747,330 | €757,047 | +€9,718 | +1.3% |
| Profit (loss) carried forward | 14 | €225,000 | €225,000 | = | 0.0% |
| Amounts payable | 17/49 | €152,580 | €198,867 | +€46,287 | +30.3% |
| Amounts payable after more than one year | 17 | €16,668 | €1,288 | -€15,380 | -92.3% |
| Financial debts | 170/4 | €16,668 | €1,288 | -€15,380 | -92.3% |
| Amounts payable within one year | 42/48 | €135,380 | €197,047 | +€61,667 | +45.6% |
| Current portion of amounts payable after more than one year | 42 | €15,232 | €15,380 | +€147 | +1.0% |
| Trade debts | 44 | €32,275 | €837 | -€31,438 | -97.4% |
| Suppliers | 440/4 | €32,275 | €837 | -€31,438 | -97.4% |
| Taxes, remuneration and social security | 45 | €8,270 | €13,161 | +€4,891 | +59.1% |
| Taxes | 450/3 | €8,270 | €13,161 | +€4,891 | +59.1% |
| Other amounts payable | 47/48 | €79,602 | €167,669 | +€88,067 | +111% |
| Accrued charges and deferred income | 492/3 | €532 | €532 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,442 | €19,625 | +€1,182 | +6.4% |
| Other operating charges | 640/8 | €1,457 | €1,559 | +€102 | +7.0% |
| Non-recurring operating charges | 66A | - | €59 | +€59 | |
| Gross operating margin | 9900 | €114,654 | €113,880 | -€774 | -0.7% |
| Operating profit (loss) | 9901 | €94,754 | €92,638 | -€2,117 | -2.2% |
| Financial income | 75/76B | €129,577 | €129,180 | -€396 | -0.3% |
| Recurring financial income | 75 | €129,577 | €129,180 | -€396 | -0.3% |
| Financial charges | 65/66B | €1,355 | €1,058 | -€297 | -21.9% |
| Recurring financial charges | 65 | €1,355 | €1,058 | -€297 | -21.9% |
| Profit (loss) for the period before taxes | 9903 | €222,976 | €220,760 | -€2,216 | -1.0% |
| Income taxes | 67/77 | €40,002 | €38,300 | -€1,702 | -4.3% |
| Profit (loss) for the period | 9904 | €182,974 | €182,459 | -€514 | -0.3% |
| Profit (loss) for the period to be appropriated | 9905 | €182,974 | €182,459 | -€514 | -0.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.