vedafisc: 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.
vedafisc
Largest movements
- Cash +€27,375
up €27,375 (+73.6%), from €37,182 to €64,558
mainly Net result for the year (+€57,035) and Other debts (+€56,813)
- Receivables within one year -€6,768
down €6,768 (-51.8%), from €13,062 to €6,294
of which Trade receivables: -€7,139
- Tangible fixed assets -€1,848
down €1,848 (-14.7%), from €12,606 to €10,758
of which Land and buildings: -€1,440
- Other debts +€56,813
up €56,813 (+1014.5%), from €5,600 to €62,413
- Profit (loss) carried forward -€37,875
no longer reported in 2025 (was €37,875)
- Gross operating margin +€23,516
up €23,516 (+46.4%), from €50,686 to €74,202
- Taxes +€4,852
up €4,852 (+47.2%), from €10,277 to €15,129
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 | €64,135 | €83,386 | +€19,251 | +30.0% |
| Fixed assets | 21/28 | €12,606 | €10,758 | -€1,848 | -14.7% |
| Tangible fixed assets | 22/27 | €12,606 | €10,758 | -€1,848 | -14.7% |
| Land and buildings | 22 | €12,198 | €10,758 | -€1,440 | -11.8% |
| Furniture and vehicles | 24 | €408 | - | -€408 | |
| Current assets | 29/58 | €51,528 | €72,628 | +€21,099 | +40.9% |
| Amounts receivable within one year | 40/41 | €13,062 | €6,294 | -€6,768 | -51.8% |
| Trade receivables | 40 | €13,062 | €5,923 | -€7,139 | -54.7% |
| Other amounts receivable | 41 | - | €371 | +€371 | |
| Cash at bank and in hand | 54/58 | €37,182 | €64,558 | +€27,375 | +73.6% |
| Deferred charges and accrued income | 490/1 | €1,284 | €1,776 | +€492 | +38.3% |
| Total equity and liabilities | 10/49 | €64,135 | €83,386 | +€19,251 | +30.0% |
| Equity | 10/15 | €48,726 | €10,851 | -€37,875 | -77.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €8,351 | €8,351 | = | 0.0% |
| Distributable reserves | 133 | €8,351 | €8,351 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,875 | - | -€37,875 | |
| Amounts payable | 17/49 | €15,409 | €72,535 | +€57,126 | +370.7% |
| Amounts payable within one year | 42/48 | €15,409 | €72,535 | +€57,126 | +370.7% |
| Trade debts | 44 | €354 | €267 | -€87 | -24.5% |
| Suppliers | 440/4 | €354 | €267 | -€87 | -24.5% |
| Taxes, remuneration and social security | 45 | €9,455 | €9,855 | +€400 | +4.2% |
| Taxes | 450/3 | €9,455 | €9,855 | +€400 | +4.2% |
| Other amounts payable | 47/48 | €5,600 | €62,413 | +€56,813 | +1014.5% |
| Non-recurring operating income | 76A | €90 | - | -€90 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,200 | €1,848 | -€352 | -16.0% |
| Other operating charges | 640/8 | €295 | €147 | -€148 | -50.2% |
| Gross operating margin | 9900 | €50,686 | €74,202 | +€23,516 | +46.4% |
| Operating profit (loss) | 9901 | €48,192 | €72,207 | +€24,015 | +49.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €40 | €43 | +€3 | +7.6% |
| Recurring financial charges | 65 | €40 | €43 | +€3 | +7.6% |
| Profit (loss) for the period before taxes | 9903 | €48,152 | €72,164 | +€24,012 | +49.9% |
| Income taxes | 67/77 | €10,277 | €15,129 | +€4,852 | +47.2% |
| Profit (loss) for the period | 9904 | €37,875 | €57,035 | +€19,160 | +50.6% |
| Profit (loss) for the period to be appropriated | 9905 | €37,875 | €57,035 | +€19,160 | +50.6% |
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 12 October 2026 via checked.be.