VEDA TRADING: 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.
What changed
VEDA TRADING
NACE 46.389, Wholesale of other food products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€7.0m
2024 · €10.8m-€3.8m
Equity
€34.6m
2024 · €27.6m+€7.0m
Cash
€494,016
2024 · €248,207+€245,809
Balance sheet total
€46.7m
2024 · €49.3m-€2.6m
Largest movements
Assets
- Receivables within one year -€6.5m
down €6.5m (-16.1%), from €40.4m to €33.9m
of which Other amounts receivable: -€8.2m
- Current investments +€3.9m
up €3.9m (+46.0%), from €8.4m to €12.3m
Equity and liabilities
- Trade debts -€9.5m
down €9.5m (-44.0%), from €21.7m to €12.1m
- Profit (loss) carried forward +€7.0m
up €7.0m (+14.2%), from -€49.2m to -€42.3m
Income statement
- Goods and materials +€16.6m
up €16.6m (+19.3%), from €85.9m to €102.5m
- Turnover +€11.3m
up €11.3m (+11.3%), from €100.3m to €111.6m
- Taxes -€1.2m
down €1.2m (-72.0%), from €1.7m to €484,115
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.
Result 2024
€10.8m
Turnover
+€11.3m
Goods and materials
-€16.6m
Services and other goods
+€358,966
Other operating charges
+€980
Financial income
-€244,190
Financial charges
+€121,876
Taxes
+€1.2m
Result 2025
€7.0m
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.
From operations
+€3.9m
Investment
-€3.7m
Financing
€0
Cash 2024
€248,207
From operations (derived)
+€3.9m
Net result for the year
+€7.0m
Receivables within one year
+€6.5m
Smaller working-capital items
+€8,959
Trade debts
-€9.5m
Investment (derived)
-€3.7m
Investment in fixed assets (net)
+€196,747
Current investments
-€3.9m
Cash 2025
€494,016
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €49,317,008 | €46,737,537 | -€2.6m | -5.2% |
| Fixed assets | 21/28 | €201,747 | €5,000 | -€196,747 | -97.5% |
| Financial fixed assets | 28 | €201,747 | €5,000 | -€196,747 | -97.5% |
| Other financial fixed assets | 284/8 | €201,747 | €5,000 | -€196,747 | -97.5% |
| Amounts receivable and cash guarantees | 285/8 | €201,747 | €5,000 | -€196,747 | -97.5% |
| Current assets | 29/58 | €49,115,261 | €46,732,537 | -€2.4m | -4.9% |
| Amounts receivable within one year | 40/41 | €40,425,575 | €33,931,720 | -€6.5m | -16.1% |
| Trade receivables | 40 | €10,847,071 | €12,561,738 | +€1.7m | +15.8% |
| Other amounts receivable | 41 | €29,578,504 | €21,369,982 | -€8.2m | -27.8% |
| Current investments | 50/53 | €8,422,468 | €12,296,765 | +€3.9m | +46.0% |
| Other investments | 51/53 | €8,422,468 | €12,296,765 | +€3.9m | +46.0% |
| Cash at bank and in hand | 54/58 | €248,207 | €494,016 | +€245,809 | +99.0% |
| Deferred charges and accrued income | 490/1 | €19,011 | €10,036 | -€8,975 | -47.2% |
| Total equity and liabilities | 10/49 | €49,317,008 | €46,737,537 | -€2.6m | -5.2% |
| Equity | 10/15 | €27,616,797 | €34,587,025 | +€7.0m | +25.2% |
| Contributions | 10/11 | €74,065,819 | €74,065,819 | = | 0.0% |
| Capital | 10 | €74,065,819 | €74,065,819 | = | 0.0% |
| Issued capital | 100 | €74,065,819 | €74,065,819 | = | 0.0% |
| Reserves | 13 | €2,795,028 | €2,795,028 | = | 0.0% |
| Non-distributable reserves | 130/1 | €106,582 | €106,582 | = | 0.0% |
| Legal reserve | 130 | €106,582 | €106,582 | = | 0.0% |
| Distributable reserves | 133 | €2,688,446 | €2,688,446 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,244,050 | -€42,273,822 | +€7.0m | +14.2% |
| Amounts payable | 17/49 | €21,700,211 | €12,150,512 | -€9.5m | -44.0% |
| Amounts payable within one year | 42/48 | €21,699,651 | €12,149,968 | -€9.5m | -44.0% |
| Trade debts | 44 | €21,699,651 | €12,149,968 | -€9.5m | -44.0% |
| Suppliers | 440/4 | €21,699,651 | €12,149,968 | -€9.5m | -44.0% |
| Accrued charges and deferred income | 492/3 | €560 | €544 | -€16 | -2.9% |
| Operating income | 70/76A | €100,307,364 | €111,612,960 | +€11.3m | +11.3% |
| Turnover | 70 | €100,307,364 | €111,612,960 | +€11.3m | +11.3% |
| Operating charges | 60/66A | €89,000,669 | €105,249,001 | +€16.2m | +18.3% |
| Goods for resale, raw materials and consumables | 60 | €85,936,003 | €102,544,281 | +€16.6m | +19.3% |
| Purchases | 600/8 | €85,936,003 | €102,544,281 | +€16.6m | +19.3% |
| Services and other goods | 61 | €3,061,361 | €2,702,395 | -€358,966 | -11.7% |
| Other operating charges | 640/8 | €3,305 | €2,325 | -€980 | -29.7% |
| Operating profit (loss) | 9901 | €11,306,695 | €6,363,959 | -€4.9m | -43.7% |
| Financial income | 75/76B | €1,433,827 | €1,189,637 | -€244,190 | -17.0% |
| Recurring financial income | 75 | €1,433,827 | €1,189,637 | -€244,190 | -17.0% |
| Income from current assets | 751 | €1,416,538 | €1,189,637 | -€226,901 | -16.0% |
| Other financial income | 752/9 | €17,289 | - | -€17,289 | |
| Financial charges | 65/66B | €221,129 | €99,253 | -€121,876 | -55.1% |
| Recurring financial charges | 65 | €221,129 | €99,253 | -€121,876 | -55.1% |
| Other financial charges | 652/9 | €221,129 | €99,253 | -€121,876 | -55.1% |
| Profit (loss) for the period before taxes | 9903 | €12,519,393 | €7,454,343 | -€5.1m | -40.5% |
| Income taxes | 67/77 | €1,727,982 | €484,115 | -€1.2m | -72.0% |
| Taxes | 670/3 | €1,727,982 | €484,115 | -€1.2m | -72.0% |
| Profit (loss) for the period | 9904 | €10,791,411 | €6,970,228 | -€3.8m | -35.4% |
| Profit (loss) for the period to be appropriated | 9905 | €10,791,411 | €6,970,228 | -€3.8m | -35.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.