Vavedis Belgium: 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.
Vavedis Belgium
Largest movements
- Tangible fixed assets -€18,395
down €18,395 (-3.0%), from €609,239 to €590,844
of which Land and buildings: -€26,558
- Receivables within one year -€14,851
down €14,851 (-40.9%), from €36,298 to €21,447
- Debts after one year -€25,485
down €25,485 (-6.3%), from €405,322 to €379,838
- Profit (loss) carried forward +€10,399
up €10,399 (+3.1%), from -€331,399 to -€321,000
- Reserves -€9,268
down €9,268 (-6.8%), from €137,127 to €127,858
- Accrued charges and deferred income -€8,333
down €8,333 (-12.5%), from €66,667 to €58,333
- Other debts +€7,947
up €7,947 (+7.1%), from €112,371 to €120,318
- Gross operating margin +€8,094
up €8,094 (+18.2%), from €44,483 to €52,577
- Financial income +€5,945
up €5,945 (+1,659%), from €358 to €6,303
- Depreciation +€2,145
up €2,145 (+4.7%), from €45,904 to €48,048
- Other operating charges +€1,728
up €1,728 (+39.0%), from €4,432 to €6,160
- Financial charges +€897
up €897 (+15.7%), from €5,733 to €6,631
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 | €743,137 | €716,213 | -€26,924 | -3.6% |
| Fixed assets | 21/28 | €609,239 | €590,844 | -€18,395 | -3.0% |
| Tangible fixed assets | 22/27 | €609,239 | €590,844 | -€18,395 | -3.0% |
| Land and buildings | 22 | €518,621 | €492,064 | -€26,558 | -5.1% |
| Plant, machinery and equipment | 23 | €57,583 | €69,878 | +€12,295 | +21.4% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €33,035 | €28,903 | -€4,132 | -12.5% |
| Current assets | 29/58 | €133,898 | €125,369 | -€8,529 | -6.4% |
| Amounts receivable after more than one year | 29 | €97,000 | €97,000 | = | 0.0% |
| Other amounts receivable | 291 | €97,000 | €97,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €36,298 | €21,447 | -€14,851 | -40.9% |
| Other amounts receivable | 41 | €36,298 | €21,447 | -€14,851 | -40.9% |
| Cash at bank and in hand | 54/58 | €466 | €872 | +€406 | +87.2% |
| Deferred charges and accrued income | 490/1 | €134 | €6,050 | +€5,916 | +4,411% |
| Total equity and liabilities | 10/49 | €743,137 | €716,213 | -€26,924 | -3.6% |
| Equity | 10/15 | €78,728 | €79,859 | +€1,131 | +1.4% |
| Contributions | 10/11 | €273,000 | €273,000 | = | 0.0% |
| Reserves | 13 | €137,127 | €127,858 | -€9,268 | -6.8% |
| Tax-exempt reserves | 132 | €137,127 | €127,858 | -€9,268 | -6.8% |
| Profit (loss) carried forward | 14 | -€331,399 | -€321,000 | +€10,399 | +3.1% |
| Provisions and deferred taxes | 16 | €45,709 | €42,619 | -€3,089 | -6.8% |
| Deferred taxes | 168 | €45,709 | €42,619 | -€3,089 | -6.8% |
| Amounts payable | 17/49 | €618,701 | €593,735 | -€24,966 | -4.0% |
| Amounts payable after more than one year | 17 | €405,322 | €379,838 | -€25,485 | -6.3% |
| Financial debts | 170/4 | €405,322 | €379,838 | -€25,485 | -6.3% |
| Amounts payable within one year | 42/48 | €146,712 | €155,564 | +€8,853 | +6.0% |
| Current portion of amounts payable after more than one year | 42 | €25,218 | €25,485 | +€267 | +1.1% |
| Trade debts | 44 | €2,968 | €4,132 | +€1,164 | +39.2% |
| Suppliers | 440/4 | €2,968 | €4,132 | +€1,164 | +39.2% |
| Taxes, remuneration and social security | 45 | €6,155 | €5,630 | -€525 | -8.5% |
| Taxes | 450/3 | €6,155 | €5,630 | -€525 | -8.5% |
| Other amounts payable | 47/48 | €112,371 | €120,318 | +€7,947 | +7.1% |
| Accrued charges and deferred income | 492/3 | €66,667 | €58,333 | -€8,333 | -12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,904 | €48,048 | +€2,145 | +4.7% |
| Other operating charges | 640/8 | €4,432 | €6,160 | +€1,728 | +39.0% |
| Gross operating margin | 9900 | €44,483 | €52,577 | +€8,094 | +18.2% |
| Operating profit (loss) | 9901 | -€5,852 | -€1,631 | +€4,221 | +72.1% |
| Financial income | 75/76B | €358 | €6,303 | +€5,945 | +1,659% |
| Recurring financial income | 75 | €358 | €6,303 | +€5,945 | +1,659% |
| Financial charges | 65/66B | €5,733 | €6,631 | +€897 | +15.7% |
| Recurring financial charges | 65 | €5,733 | €6,631 | +€897 | +15.7% |
| Profit (loss) for the period before taxes | 9903 | -€11,227 | -€1,958 | +€9,269 | +82.6% |
| Transfer from deferred taxes | 780 | €3,089 | €3,089 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€8,138 | €1,131 | +€9,269 | |
| Transfer from tax-exempt reserves | 789 | €9,268 | €9,268 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,130 | €10,399 | +€9,269 | +820% |
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 30 October 2026 via checked.be.