LES VEDETTES: 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.
LES VEDETTES
Largest movements
- Deferred charges and accrued income -€18,514
down €18,514 (-92.9%), from €19,930 to €1,417
- Receivables within one year -€8,327
down €8,327 (-75.8%), from €10,992 to €2,665
- Tangible fixed assets -€5,112
down €5,112 (-25.7%), from €19,894 to €14,782
of which Plant, machinery and equipment: -€3,763
- Cash +€4,671
up €4,671 (+283.3%), from €1,649 to €6,320
mainly Deferred charges and accrued income (+€18,514) and Other debts (+€13,817)
- Stocks and contracts +€3,253
up €3,253 (+104.7%), from €3,107 to €6,360
- Trade debts -€29,817
down €29,817 (-64.2%), from €46,422 to €16,605
- Other debts +€13,817
up €13,817 (+64.2%), from €21,522 to €35,338
- Profit (loss) carried forward -€8,572
down €8,572 (-26.2%), from -€32,675 to -€41,247
- Tax, wage and social debts -€757
down €757 (-4.7%), from €16,240 to €15,483
of which Remuneration and social security: -€953
- Gross operating margin +€74,901
up €74,901 (+160.7%), from €46,604 to €121,505
- Staff costs +€40,283
up €40,283 (+49.7%), from €81,120 to €121,404
- Financial charges -€4,566
down €4,566 (-71.4%), from €6,393 to €1,827
of which Non-recurring financial charges: -€3,814
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 | €66,370 | €41,041 | -€25,328 | -38.2% |
| Fixed assets | 21/28 | €30,692 | €24,279 | -€6,412 | -20.9% |
| Tangible fixed assets | 22/27 | €19,894 | €14,782 | -€5,112 | -25.7% |
| Plant, machinery and equipment | 23 | €17,211 | €13,448 | -€3,763 | -21.9% |
| Furniture and vehicles | 24 | €2,683 | €1,333 | -€1,349 | -50.3% |
| Financial fixed assets | 28 | €10,798 | €9,498 | -€1,300 | -12.0% |
| Current assets | 29/58 | €35,678 | €16,762 | -€18,916 | -53.0% |
| Stocks and contracts in progress | 3 | €3,107 | €6,360 | +€3,253 | +104.7% |
| Stocks | 30/36 | €3,107 | €6,360 | +€3,253 | +104.7% |
| Amounts receivable within one year | 40/41 | €10,992 | €2,665 | -€8,327 | -75.8% |
| Trade receivables | 40 | €10,992 | €2,665 | -€8,327 | -75.8% |
| Cash at bank and in hand | 54/58 | €1,649 | €6,320 | +€4,671 | +283.3% |
| Deferred charges and accrued income | 490/1 | €19,930 | €1,417 | -€18,514 | -92.9% |
| Total equity and liabilities | 10/49 | €66,370 | €41,041 | -€25,328 | -38.2% |
| Equity | 10/15 | -€17,814 | -€26,385 | -€8,572 | -48.1% |
| Contributions | 10/11 | €10,341 | €10,341 | = | 0.0% |
| Reserves | 13 | €4,521 | €4,521 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,521 | €4,521 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,675 | -€41,247 | -€8,572 | -26.2% |
| Amounts payable | 17/49 | €84,183 | €67,426 | -€16,757 | -19.9% |
| Amounts payable within one year | 42/48 | €84,183 | €67,426 | -€16,757 | -19.9% |
| Trade debts | 44 | €46,422 | €16,605 | -€29,817 | -64.2% |
| Suppliers | 440/4 | €46,422 | €16,605 | -€29,817 | -64.2% |
| Taxes, remuneration and social security | 45 | €16,240 | €15,483 | -€757 | -4.7% |
| Taxes | 450/3 | €4,005 | €4,201 | +€196 | +4.9% |
| Remuneration and social security | 454/9 | €12,235 | €11,282 | -€953 | -7.8% |
| Other amounts payable | 47/48 | €21,522 | €35,338 | +€13,817 | +64.2% |
| Remuneration, social security and pensions | 62 | €81,120 | €121,404 | +€40,283 | +49.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,403 | €5,112 | -€291 | -5.4% |
| Other operating charges | 640/8 | €1,153 | €1,734 | +€581 | +50.4% |
| Gross operating margin | 9900 | €46,604 | €121,505 | +€74,901 | +160.7% |
| Operating profit (loss) | 9901 | -€41,073 | -€6,746 | +€34,327 | +83.6% |
| Financial income | 75/76B | €123 | €1 | -€122 | -99.1% |
| Recurring financial income | 75 | €123 | €1 | -€122 | -99.1% |
| Financial charges | 65/66B | €6,393 | €1,827 | -€4,566 | -71.4% |
| Recurring financial charges | 65 | €2,239 | €1,488 | -€751 | -33.5% |
| Non-recurring financial charges | 66B | €4,153 | €339 | -€3,814 | -91.8% |
| Profit (loss) for the period before taxes | 9903 | -€47,342 | -€8,572 | +€38,771 | +81.9% |
| Profit (loss) for the period | 9904 | -€47,342 | -€8,572 | +€38,771 | +81.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€47,342 | -€8,572 | +€38,771 | +81.9% |
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 11 October 2026 via checked.be.