Inedit VDH: 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.
Inedit VDH
Largest movements
- Cash -€210,918
down €210,918 (-78.8%), from €267,713 to €56,794
mainly Current investments (-€180,000) and Investment in fixed assets (net) (-€92,076)
- Current investments +€180,000
new in 2025: €180,000
- Tangible fixed assets +€65,415
up €65,415 (+30.9%), from €211,652 to €277,067
of which Furniture and vehicles: +€70,639
- Receivables within one year -€11,238
down €11,238 (-29.0%), from €38,704 to €27,466
of which Trade receivables: -€16,647
- Other debts +€30,408
up €30,408 (+4,994%), from €609 to €31,017
- Reserves -€5,678
down €5,678 (-1.2%), from €486,068 to €480,391
of which Distributable reserves: -€5,678
- Depreciation +€16,452
up €16,452 (+161%), from €10,209 to €26,661
- Taxes -€5,970
down €5,970 (-26.3%), from €22,731 to €16,761
- Gross operating margin -€3,421
down €3,421 (-3.8%), from €89,216 to €85,796
- Financial charges +€2,176
up €2,176 (+1,404%), from €155 to €2,331
- Financial income -€1,489
down €1,489 (-38.6%), from €3,856 to €2,368
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 | €519,228 | €543,959 | +€24,731 | +4.8% |
| Fixed assets | 21/28 | €211,712 | €277,127 | +€65,415 | +30.9% |
| Tangible fixed assets | 22/27 | €211,652 | €277,067 | +€65,415 | +30.9% |
| Land and buildings | 22 | €203,051 | €194,834 | -€8,217 | -4.0% |
| Plant, machinery and equipment | 23 | €4,328 | €7,321 | +€2,993 | +69.2% |
| Furniture and vehicles | 24 | €4,273 | €74,911 | +€70,639 | +1,653% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €307,517 | €266,833 | -€40,684 | -13.2% |
| Stocks and contracts in progress | 3 | €838 | €768 | -€70 | -8.3% |
| Stocks | 30/36 | €838 | €768 | -€70 | -8.3% |
| Amounts receivable within one year | 40/41 | €38,704 | €27,466 | -€11,238 | -29.0% |
| Trade receivables | 40 | €31,662 | €15,015 | -€16,647 | -52.6% |
| Other amounts receivable | 41 | €7,042 | €12,451 | +€5,410 | +76.8% |
| Current investments | 50/53 | - | €180,000 | +€180,000 | |
| Cash at bank and in hand | 54/58 | €267,713 | €56,794 | -€210,918 | -78.8% |
| Deferred charges and accrued income | 490/1 | €263 | €1,805 | +€1,542 | +587% |
| Total equity and liabilities | 10/49 | €519,228 | €543,959 | +€24,731 | +4.8% |
| Equity | 10/15 | €495,368 | €489,691 | -€5,678 | -1.1% |
| Contributions | 10/11 | €9,300 | €9,300 | = | 0.0% |
| Reserves | 13 | €486,068 | €480,391 | -€5,678 | -1.2% |
| Non-distributable reserves | 130/1 | €930 | €930 | = | 0.0% |
| Reserves not available under the articles | 1311 | €930 | €930 | = | 0.0% |
| Distributable reserves | 133 | €485,138 | €479,461 | -€5,678 | -1.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €23,860 | €54,269 | +€30,409 | +127% |
| Amounts payable within one year | 42/48 | €23,860 | €51,921 | +€28,062 | +118% |
| Trade debts | 44 | €753 | €1,354 | +€601 | +79.8% |
| Suppliers | 440/4 | €753 | €1,354 | +€601 | +79.8% |
| Advances received on contracts in progress | 46 | €2,700 | €900 | -€1,800 | -66.7% |
| Taxes, remuneration and social security | 45 | €19,797 | €18,650 | -€1,147 | -5.8% |
| Taxes | 450/3 | €19,797 | €18,650 | -€1,147 | -5.8% |
| Other amounts payable | 47/48 | €609 | €31,017 | +€30,408 | +4,994% |
| Accrued charges and deferred income | 492/3 | - | €2,347 | +€2,347 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,209 | €26,661 | +€16,452 | +161% |
| Other operating charges | 640/8 | €805 | €829 | +€23 | +2.9% |
| Gross operating margin | 9900 | €89,216 | €85,796 | -€3,421 | -3.8% |
| Operating profit (loss) | 9901 | €78,203 | €58,306 | -€19,896 | -25.4% |
| Financial income | 75/76B | €3,856 | €2,368 | -€1,489 | -38.6% |
| Recurring financial income | 75 | €3,856 | €2,368 | -€1,489 | -38.6% |
| Financial charges | 65/66B | €155 | €2,331 | +€2,176 | +1,404% |
| Recurring financial charges | 65 | €155 | €2,331 | +€2,176 | +1,404% |
| Profit (loss) for the period before taxes | 9903 | €81,904 | €58,343 | -€23,561 | -28.8% |
| Income taxes | 67/77 | €22,731 | €16,761 | -€5,970 | -26.3% |
| Profit (loss) for the period | 9904 | €59,173 | €41,582 | -€17,591 | -29.7% |
| Profit (loss) for the period to be appropriated | 9905 | €59,173 | €41,582 | -€17,591 | -29.7% |
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.