VDO CONSULT: what changed
VDO CONSULT
Largest movements
- Receivables within one year -€12,011
down €12,011 (-54.2%), from €22,148 to €10,137
of which Trade receivables: -€12,285
- Tangible fixed assets -€9,770
down €9,770 (-27.0%), from €36,223 to €26,453
of which Leasing and similar rights: -€7,749
- Cash -€4,356
down €4,356 (-57.1%), from €7,626 to €3,270
mainly Other debts (-€8,500) and Tax, wage and social debts (-€7,168)
- Other debts -€8,500
no longer reported in 2025 (was €8,500)
- Tax, wage and social debts -€7,168
no longer reported in 2025 (was €7,168)
- Profit (loss) carried forward -€5,570
down €5,570, from €3,361 to -€2,208
- Debts after one year -€4,938
down €4,938 (-22.4%), from €22,084 to €17,146
- Advances received -€1,206
no longer reported in 2025 (was €1,206)
- Gross operating margin -€21,017
down €21,017 (-73.7%), from €28,537 to €7,519
- Other operating charges -€2,858
down €2,858 (-76.2%), from €3,751 to €893
- Taxes -€1,861
down €1,861 (-93.4%), from €1,992 to €131
- Depreciation -€408
down €408 (-4.0%), from €10,179 to €9,770
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 | €67,690 | €41,708 | -€25,982 | -38.4% |
| Fixed assets | 21/28 | €36,223 | €26,453 | -€9,770 | -27.0% |
| Tangible fixed assets | 22/27 | €36,223 | €26,453 | -€9,770 | -27.0% |
| Furniture and vehicles | 24 | €3,767 | €1,915 | -€1,852 | -49.2% |
| Leasing and similar rights | 25 | €31,187 | €23,438 | -€7,749 | -24.8% |
| Other tangible fixed assets | 26 | €1,270 | €1,101 | -€170 | -13.3% |
| Current assets | 29/58 | €31,467 | €15,255 | -€16,211 | -51.5% |
| Amounts receivable within one year | 40/41 | €22,148 | €10,137 | -€12,011 | -54.2% |
| Trade receivables | 40 | €12,285 | - | -€12,285 | |
| Other amounts receivable | 41 | €9,863 | €10,137 | +€274 | +2.8% |
| Cash at bank and in hand | 54/58 | €7,626 | €3,270 | -€4,356 | -57.1% |
| Deferred charges and accrued income | 490/1 | €1,693 | €1,849 | +€155 | +9.2% |
| Total equity and liabilities | 10/49 | €67,690 | €41,708 | -€25,982 | -38.4% |
| Equity | 10/15 | €23,821 | €18,252 | -€5,570 | -23.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,361 | -€2,208 | -€5,570 | |
| Amounts payable | 17/49 | €43,869 | €23,457 | -€20,412 | -46.5% |
| Amounts payable after more than one year | 17 | €22,084 | €17,146 | -€4,938 | -22.4% |
| Financial debts | 170/4 | €22,084 | €17,146 | -€4,938 | -22.4% |
| Amounts payable within one year | 42/48 | €21,772 | €6,294 | -€15,479 | -71.1% |
| Current portion of amounts payable after more than one year | 42 | €4,612 | €4,938 | +€326 | +7.1% |
| Trade debts | 44 | €287 | €1,356 | +€1,069 | +373% |
| Suppliers | 440/4 | €287 | €1,356 | +€1,069 | +373% |
| Advances received on contracts in progress | 46 | €1,206 | - | -€1,206 | |
| Taxes, remuneration and social security | 45 | €7,168 | - | -€7,168 | |
| Taxes | 450/3 | €7,168 | - | -€7,168 | |
| Other amounts payable | 47/48 | €8,500 | - | -€8,500 | |
| Accrued charges and deferred income | 492/3 | €13 | €17 | +€4 | +32.8% |
| Non-recurring operating income | 76A | €14,298 | - | -€14,298 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,179 | €9,770 | -€408 | -4.0% |
| Other operating charges | 640/8 | €3,751 | €893 | -€2,858 | -76.2% |
| Gross operating margin | 9900 | €28,537 | €7,519 | -€21,017 | -73.7% |
| Operating profit (loss) | 9901 | €14,607 | -€3,144 | -€17,751 | |
| Financial income | 75/76B | €240 | €390 | +€150 | +62.5% |
| Recurring financial income | 75 | €240 | €390 | +€150 | +62.5% |
| Financial charges | 65/66B | €2,465 | €2,684 | +€218 | +8.8% |
| Recurring financial charges | 65 | €2,465 | €2,684 | +€218 | +8.8% |
| Profit (loss) for the period before taxes | 9903 | €12,381 | -€5,438 | -€17,819 | |
| Income taxes | 67/77 | €1,992 | €131 | -€1,861 | -93.4% |
| Profit (loss) for the period | 9904 | €10,389 | -€5,570 | -€15,959 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,389 | -€5,570 | -€15,959 |
Next steps
Calculation and sources
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 3 November 2026 via checked.be.