VEDAT: 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.
VEDAT
Largest movements
- Receivables within one year +€20,586
up €20,586 (+12.7%), from €161,931 to €182,517
of which Other amounts receivable: +€21,104
- Cash -€11,462
down €11,462 (-81.3%), from €14,096 to €2,634
mainly Receivables within one year (-€20,586) and Debts after one year (-€5,922)
- Tangible fixed assets -€4,544
down €4,544 (-62.1%), from €7,316 to €2,773
of which Furniture and vehicles: -€3,710
- Financial fixed assets +€3,020
up €3,020 (+61.0%), from €4,950 to €7,970
- Current portion of long-term debt +€10,663
up €10,663 (+131.0%), from €8,138 to €18,801
- Tax, wage and social debts +€7,886
up €7,886 (+23.3%), from €33,830 to €41,716
of which Remuneration and social security: +€8,604
- Debts after one year -€5,922
down €5,922 (-54.7%), from €10,829 to €4,907
- Trade debts -€5,443
down €5,443 (-14.0%), from €38,934 to €33,491
- Staff costs +€25,634
up €25,634 (+217.3%), from €11,799 to €37,433
- Gross operating margin -€12,169
down €12,169 (-23.0%), from €53,006 to €40,838
- Taxes -€7,480
down €7,480 (-72.7%), from €10,289 to €2,809
- Depreciation -€4,988
down €4,988 (-52.3%), from €9,532 to €4,544
- Financial income +€3,538
up €3,538 (+53.6%), from €6,598 to €10,136
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €192,648 | €200,111 | +€7,462 | +3.9% |
| Fixed assets | 21/28 | €12,266 | €10,743 | -€1,524 | -12.4% |
| Tangible fixed assets | 22/27 | €7,316 | €2,773 | -€4,544 | -62.1% |
| Plant, machinery and equipment | 23 | €1,771 | €937 | -€834 | -47.1% |
| Furniture and vehicles | 24 | €5,546 | €1,836 | -€3,710 | -66.9% |
| Financial fixed assets | 28 | €4,950 | €7,970 | +€3,020 | +61.0% |
| Current assets | 29/58 | €180,382 | €189,368 | +€8,986 | +5.0% |
| Stocks and contracts in progress | 3 | €2,094 | €1,759 | -€335 | -16.0% |
| Stocks | 30/36 | €2,094 | €1,759 | -€335 | -16.0% |
| Amounts receivable within one year | 40/41 | €161,931 | €182,517 | +€20,586 | +12.7% |
| Trade receivables | 40 | €5,095 | €4,577 | -€518 | -10.2% |
| Other amounts receivable | 41 | €156,836 | €177,940 | +€21,104 | +13.5% |
| Cash at bank and in hand | 54/58 | €14,096 | €2,634 | -€11,462 | -81.3% |
| Deferred charges and accrued income | 490/1 | €2,261 | €2,458 | +€197 | +8.7% |
| Total equity and liabilities | 10/49 | €192,648 | €200,111 | +€7,462 | +3.9% |
| Equity | 10/15 | €100,918 | €100,803 | -€116 | -0.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €370 | €370 | = | 0.0% |
| Non-distributable reserves | 130/1 | €370 | €370 | = | 0.0% |
| Reserves not available under the articles | 1311 | €370 | €370 | = | 0.0% |
| Profit (loss) carried forward | 14 | €94,348 | €94,233 | -€116 | -0.1% |
| Amounts payable | 17/49 | €91,730 | €99,308 | +€7,578 | +8.3% |
| Amounts payable after more than one year | 17 | €10,829 | €4,907 | -€5,922 | -54.7% |
| Financial debts | 170/4 | €10,829 | €4,907 | -€5,922 | -54.7% |
| Amounts payable within one year | 42/48 | €80,901 | €94,402 | +€13,500 | +16.7% |
| Current portion of amounts payable after more than one year | 42 | €8,138 | €18,801 | +€10,663 | +131.0% |
| Trade debts | 44 | €38,934 | €33,491 | -€5,443 | -14.0% |
| Suppliers | 440/4 | €38,934 | €33,491 | -€5,443 | -14.0% |
| Advances received on contracts in progress | 46 | - | €394 | +€394 | |
| Taxes, remuneration and social security | 45 | €33,830 | €41,716 | +€7,886 | +23.3% |
| Taxes | 450/3 | €28,700 | €27,982 | -€718 | -2.5% |
| Remuneration and social security | 454/9 | €5,129 | €13,733 | +€8,604 | +167.7% |
| Remuneration, social security and pensions | 62 | €11,799 | €37,433 | +€25,634 | +217.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,532 | €4,544 | -€4,988 | -52.3% |
| Other operating charges | 640/8 | €1,292 | €3,005 | +€1,714 | +132.7% |
| Gross operating margin | 9900 | €53,006 | €40,838 | -€12,169 | -23.0% |
| Operating profit (loss) | 9901 | €30,384 | -€4,144 | -€34,529 | |
| Financial income | 75/76B | €6,598 | €10,136 | +€3,538 | +53.6% |
| Recurring financial income | 75 | €6,598 | €10,136 | +€3,538 | +53.6% |
| Financial charges | 65/66B | €1,822 | €3,299 | +€1,477 | +81.0% |
| Recurring financial charges | 65 | €1,822 | €3,299 | +€1,477 | +81.0% |
| Profit (loss) for the period before taxes | 9903 | €35,161 | €2,693 | -€32,467 | -92.3% |
| Income taxes | 67/77 | €10,289 | €2,809 | -€7,480 | -72.7% |
| Profit (loss) for the period | 9904 | €24,872 | -€116 | -€24,988 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,872 | -€116 | -€24,988 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.