VEDADENT: 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.
VEDADENT
Largest movements
- Cash -€18,230
down €18,230 (-65.4%), from €27,872 to €9,641
mainly Contributions, distributions and other (-€224,101) and Receivables within one year (-€2,961)
- Tangible fixed assets -€9,913
down €9,913 (-25.2%), from €39,399 to €29,486
of which Furniture and vehicles: -€8,000
- Receivables within one year +€2,961
up €2,961 (+18.4%), from €16,113 to €19,073
- Reserves -€85,124
down €85,124 (-38.1%), from €223,380 to €138,255
- Other debts +€65,955
up €65,955 (+278%), from €23,724 to €89,679
- Gross operating margin +€21,609
up €21,609 (+12.5%), from €172,905 to €194,513
- Taxes +€4,022
up €4,022 (+10.7%), from €37,561 to €41,584
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 | €286,048 | €263,770 | -€22,278 | -7.8% |
| Fixed assets | 21/28 | €39,399 | €29,486 | -€9,913 | -25.2% |
| Tangible fixed assets | 22/27 | €39,399 | €29,486 | -€9,913 | -25.2% |
| Furniture and vehicles | 24 | €27,573 | €19,573 | -€8,000 | -29.0% |
| Other tangible fixed assets | 26 | €11,826 | €9,913 | -€1,913 | -16.2% |
| Current assets | 29/58 | €246,649 | €234,284 | -€12,365 | -5.0% |
| Amounts receivable within one year | 40/41 | €16,113 | €19,073 | +€2,961 | +18.4% |
| Trade receivables | 40 | €16,113 | €19,073 | +€2,961 | +18.4% |
| Current investments | 50/53 | €202,022 | €204,059 | +€2,037 | +1.0% |
| Cash at bank and in hand | 54/58 | €27,872 | €9,641 | -€18,230 | -65.4% |
| Deferred charges and accrued income | 490/1 | €643 | €1,511 | +€867 | +135% |
| Total equity and liabilities | 10/49 | €286,048 | €263,770 | -€22,278 | -7.8% |
| Equity | 10/15 | €241,980 | €156,855 | -€85,124 | -35.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €223,380 | €138,255 | -€85,124 | -38.1% |
| Distributable reserves | 133 | €223,380 | €138,255 | -€85,124 | -38.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €44,068 | €106,915 | +€62,847 | +143% |
| Amounts payable after more than one year | 17 | €1,466 | €0 | -€1,466 | -100% |
| Financial debts | 170/4 | €1,466 | €0 | -€1,466 | -100% |
| Amounts payable within one year | 42/48 | €36,375 | €100,570 | +€64,195 | +176% |
| Current portion of amounts payable after more than one year | 42 | €3,415 | €1,466 | -€1,949 | -57.1% |
| Trade debts | 44 | €908 | €121 | -€788 | -86.7% |
| Suppliers | 440/4 | €908 | €121 | -€788 | -86.7% |
| Taxes, remuneration and social security | 45 | €8,328 | €9,304 | +€976 | +11.7% |
| Taxes | 450/3 | €8,328 | €9,304 | +€976 | +11.7% |
| Other amounts payable | 47/48 | €23,724 | €89,679 | +€65,955 | +278% |
| Accrued charges and deferred income | 492/3 | €6,227 | €6,345 | +€117 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,690 | €9,913 | +€223 | +2.3% |
| Other operating charges | 640/8 | €2,550 | €2,353 | -€197 | -7.7% |
| Gross operating margin | 9900 | €172,905 | €194,513 | +€21,609 | +12.5% |
| Operating profit (loss) | 9901 | €160,664 | €182,247 | +€21,583 | +13.4% |
| Financial income | 75/76B | €6,756 | €4,932 | -€1,824 | -27.0% |
| Recurring financial income | 75 | €6,756 | €4,932 | -€1,824 | -27.0% |
| Financial charges | 65/66B | €6,621 | €6,619 | -€3 | 0.0% |
| Recurring financial charges | 65 | €6,621 | €6,619 | -€3 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €160,799 | €180,560 | +€19,761 | +12.3% |
| Income taxes | 67/77 | €37,561 | €41,584 | +€4,022 | +10.7% |
| Profit (loss) for the period | 9904 | €123,237 | €138,977 | +€15,739 | +12.8% |
| Profit (loss) for the period to be appropriated | 9905 | €123,237 | €138,977 | +€15,739 | +12.8% |
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 21 October 2026 via checked.be.