V.BEDIN: what changed
Two fiscal 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.
V.BEDIN
Largest movements
- Cash +€32,988
up €32,988 (+108.1%), from €30,529 to €63,517
mainly Receivables within one year (+€28,634) and Net result for the year (+€22,510)
- Receivables within one year -€28,634
down €28,634 (-23.3%), from €122,955 to €94,321
of which Trade receivables: -€29,644
- Tangible fixed assets -€7,760
down €7,760 (-18.6%), from €41,805 to €34,045
of which Leasing and similar rights: -€10,481
- Profit (loss) carried forward +€22,510
up €22,510 (+16.0%), from €140,777 to €163,287
- Debts after one year -€21,543
down €21,543 (-18.0%), from €119,465 to €97,922
- Tax, wage and social debts -€6,170
down €6,170 (-24.3%), from €25,363 to €19,193
- Gross operating margin -€77,617
down €77,617 (-56.3%), from €137,942 to €60,325
- Other operating charges -€14,450
down €14,450 (-89.5%), from €16,144 to €1,694
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 | €311,523 | €308,363 | -€3,161 | -1.0% |
| Fixed assets | 21/28 | €156,105 | €148,345 | -€7,760 | -5.0% |
| Tangible fixed assets | 22/27 | €41,805 | €34,045 | -€7,760 | -18.6% |
| Furniture and vehicles | 24 | €2,086 | €4,807 | +€2,721 | +130.4% |
| Leasing and similar rights | 25 | €39,719 | €29,238 | -€10,481 | -26.4% |
| Financial fixed assets | 28 | €114,300 | €114,300 | = | 0.0% |
| Current assets | 29/58 | €155,418 | €160,018 | +€4,599 | +3.0% |
| Amounts receivable within one year | 40/41 | €122,955 | €94,321 | -€28,634 | -23.3% |
| Trade receivables | 40 | €122,825 | €93,181 | -€29,644 | -24.1% |
| Other amounts receivable | 41 | €130 | €1,140 | +€1,010 | +779.0% |
| Cash at bank and in hand | 54/58 | €30,529 | €63,517 | +€32,988 | +108.1% |
| Deferred charges and accrued income | 490/1 | €1,935 | €2,180 | +€246 | +12.7% |
| Total equity and liabilities | 10/49 | €311,523 | €308,363 | -€3,161 | -1.0% |
| Equity | 10/15 | €143,277 | €165,787 | +€22,510 | +15.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €140,777 | €163,287 | +€22,510 | +16.0% |
| Amounts payable | 17/49 | €168,246 | €142,575 | -€25,671 | -15.3% |
| Amounts payable after more than one year | 17 | €119,465 | €97,922 | -€21,543 | -18.0% |
| Financial debts | 170/4 | €119,465 | €97,922 | -€21,543 | -18.0% |
| Amounts payable within one year | 42/48 | €47,698 | €44,653 | -€3,045 | -6.4% |
| Current portion of amounts payable after more than one year | 42 | €21,146 | €21,543 | +€397 | +1.9% |
| Trade debts | 44 | €1,189 | €3,917 | +€2,727 | +229.3% |
| Suppliers | 440/4 | €1,189 | €3,917 | +€2,727 | +229.3% |
| Taxes, remuneration and social security | 45 | €25,363 | €19,193 | -€6,170 | -24.3% |
| Taxes | 450/3 | €25,363 | €19,193 | -€6,170 | -24.3% |
| Accrued charges and deferred income | 492/3 | €1,083 | - | -€1,083 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,079 | €12,078 | +€1,000 | +9.0% |
| Other operating charges | 640/8 | €16,144 | €1,694 | -€14,450 | -89.5% |
| Gross operating margin | 9900 | €137,942 | €60,325 | -€77,617 | -56.3% |
| Operating profit (loss) | 9901 | €110,719 | €46,552 | -€64,167 | -58.0% |
| Financial income | 75/76B | €5 | €23 | +€17 | +341.9% |
| Recurring financial income | 75 | €5 | €23 | +€17 | +341.9% |
| Financial charges | 65/66B | €2,076 | €1,526 | -€550 | -26.5% |
| Recurring financial charges | 65 | €2,076 | €1,526 | -€550 | -26.5% |
| Profit (loss) for the period before taxes | 9903 | €108,649 | €45,049 | -€63,600 | -58.5% |
| Income taxes | 67/77 | €23,618 | €22,539 | -€1,079 | -4.6% |
| Profit (loss) for the period | 9904 | €85,031 | €22,510 | -€62,521 | -73.5% |
| Profit (loss) for the period to be appropriated | 9905 | €85,031 | €22,510 | -€62,521 | -73.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.