VEDAN: 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.
VEDAN
Largest movements
- Receivables within one year +€76,924
up €76,924 (+20542.7%), from €374 to €77,299
of which Other amounts receivable: +€70,551
- Tangible fixed assets +€54,257
new in 2025: €54,257
- Tax, wage and social debts +€55,704
new in 2025: €55,704
of which Remuneration and social security: +€48,347
- Other debts +€32,088
up €32,088 (+921.5%), from €3,482 to €35,570
- Profit (loss) carried forward +€30,508
up €30,508, from -€5,420 to €25,088
- Trade debts +€12,906
up €12,906 (+972.5%), from €1,327 to €14,234
- Gross operating margin +€164,374
up €164,374, from -€4,155 to €160,219
- Staff costs +€119,598
new in 2025: €119,598
- Taxes +€6,000
new in 2025: €6,000
- Depreciation +€2,815
up €2,815 (+228.2%), from €1,233 to €4,049
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 | €389 | €131,596 | +€131,207 | +33718.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | - | €54,257 | +€54,257 | |
| Tangible fixed assets | 22/27 | - | €54,257 | +€54,257 | |
| Furniture and vehicles | 24 | - | €54,257 | +€54,257 | |
| Current assets | 29/58 | €389 | €77,339 | +€76,949 | +19775.2% |
| Amounts receivable within one year | 40/41 | €374 | €77,299 | +€76,924 | +20542.7% |
| Trade receivables | 40 | - | €6,374 | +€6,374 | |
| Other amounts receivable | 41 | €374 | €70,925 | +€70,551 | +18840.7% |
| Cash at bank and in hand | 54/58 | €15 | €40 | +€25 | +171.2% |
| Total equity and liabilities | 10/49 | €389 | €131,596 | +€131,207 | +33718.8% |
| Equity | 10/15 | -€4,420 | €26,088 | +€30,508 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,420 | €25,088 | +€30,508 | |
| Amounts payable | 17/49 | €4,809 | €105,508 | +€100,698 | +2093.9% |
| Amounts payable within one year | 42/48 | €4,809 | €105,508 | +€100,698 | +2093.9% |
| Trade debts | 44 | €1,327 | €14,234 | +€12,906 | +972.5% |
| Suppliers | 440/4 | €1,327 | €14,234 | +€12,906 | +972.5% |
| Taxes, remuneration and social security | 45 | - | €55,704 | +€55,704 | |
| Taxes | 450/3 | - | €7,357 | +€7,357 | |
| Remuneration and social security | 454/9 | - | €48,347 | +€48,347 | |
| Other amounts payable | 47/48 | €3,482 | €35,570 | +€32,088 | +921.5% |
| Remuneration, social security and pensions | 62 | - | €119,598 | +€119,598 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,233 | €4,049 | +€2,815 | +228.2% |
| Gross operating margin | 9900 | -€4,155 | €160,219 | +€164,374 | |
| Operating profit (loss) | 9901 | -€5,388 | €36,572 | +€41,960 | |
| Financial charges | 65/66B | €32 | €64 | +€32 | +100.9% |
| Recurring financial charges | 65 | €32 | €64 | +€32 | +100.9% |
| Profit (loss) for the period before taxes | 9903 | -€5,420 | €36,508 | +€41,928 | |
| Income taxes | 67/77 | - | €6,000 | +€6,000 | |
| Profit (loss) for the period | 9904 | -€5,420 | €30,508 | +€35,928 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,420 | €30,508 | +€35,928 |
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 30 September 2026 via checked.be.