Vebdès: 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.
Vebdès
Largest movements
- Receivables within one year -€9,680
down €9,680 (-29.8%), from €32,464 to €22,784
- Cash +€3,772
up €3,772 (+20.2%), from €18,632 to €22,404
mainly Trade debts (+€18,075) and Receivables within one year (+€9,680)
- Tangible fixed assets -€2,092
down €2,092 (-72.2%), from €2,897 to €805
- Other debts -€27,012
down €27,012 (-96.6%), from €27,966 to €954
- Trade debts +€18,075
up €18,075 (+149.4%), from €12,097 to €30,172
- Tax, wage and social debts +€1,040
up €1,040 (+15.9%), from €6,540 to €7,580
- Gross operating margin -€8,502
down €8,502 (-78.4%), from €10,840 to €2,338
- Other operating charges -€1,839
no longer reported in 2025 (was €1,839)
- Depreciation -€620
down €620 (-40.1%), from €1,547 to €927
- Taxes -€315
down €315 (-19.1%), from €1,653 to €1,338
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 | €54,248 | €46,248 | -€8,000 | -14.7% |
| Fixed assets | 21/28 | €3,152 | €1,060 | -€2,092 | -66.4% |
| Tangible fixed assets | 22/27 | €2,897 | €805 | -€2,092 | -72.2% |
| Plant, machinery and equipment | 23 | €2,897 | €805 | -€2,092 | -72.2% |
| Financial fixed assets | 28 | €255 | €255 | = | 0.0% |
| Current assets | 29/58 | €51,096 | €45,188 | -€5,908 | -11.6% |
| Amounts receivable within one year | 40/41 | €32,464 | €22,784 | -€9,680 | -29.8% |
| Trade receivables | 40 | €32,464 | €22,784 | -€9,680 | -29.8% |
| Cash at bank and in hand | 54/58 | €18,632 | €22,404 | +€3,772 | +20.2% |
| Total equity and liabilities | 10/49 | €54,248 | €46,248 | -€8,000 | -14.7% |
| Equity | 10/15 | €7,645 | €7,542 | -€103 | -1.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,645 | €5,542 | -€103 | -1.8% |
| Amounts payable | 17/49 | €46,603 | €38,706 | -€7,897 | -16.9% |
| Amounts payable within one year | 42/48 | €46,603 | €38,706 | -€7,897 | -16.9% |
| Trade debts | 44 | €12,097 | €30,172 | +€18,075 | +149.4% |
| Suppliers | 440/4 | €12,097 | €30,172 | +€18,075 | +149.4% |
| Taxes, remuneration and social security | 45 | €6,540 | €7,580 | +€1,040 | +15.9% |
| Taxes | 450/3 | €6,540 | €7,580 | +€1,040 | +15.9% |
| Other amounts payable | 47/48 | €27,966 | €954 | -€27,012 | -96.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,547 | €927 | -€620 | -40.1% |
| Other operating charges | 640/8 | €1,839 | - | -€1,839 | |
| Gross operating margin | 9900 | €10,840 | €2,338 | -€8,502 | -78.4% |
| Operating profit (loss) | 9901 | €7,454 | €1,411 | -€6,043 | -81.1% |
| Financial income | 75/76B | - | €51 | +€51 | |
| Recurring financial income | 75 | - | €51 | +€51 | |
| Financial charges | 65/66B | €156 | €227 | +€71 | +45.5% |
| Recurring financial charges | 65 | €156 | €227 | +€71 | +45.5% |
| Profit (loss) for the period before taxes | 9903 | €7,298 | €1,235 | -€6,063 | -83.1% |
| Income taxes | 67/77 | €1,653 | €1,338 | -€315 | -19.1% |
| Profit (loss) for the period | 9904 | €5,645 | -€103 | -€5,748 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,645 | -€103 | -€5,748 |
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 6 October 2026 via checked.be.