Vede Creations: 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.
Vede Creations
Largest movements
- Cash -€133,264
down €133,264 (-77.6%), from €171,809 to €38,545
mainly Contributions, distributions and other (-€535,948) and Trade debts (-€160,573)
- Other debts +€506,826
up €506,826 (+8,518%), from €5,950 to €512,776
- Reserves -€313,293
down €313,293 (-54.4%), from €576,420 to €263,126
of which Distributable reserves: -€429,068
- Trade debts -€160,573
down €160,573 (-99.8%), from €160,970 to €396
- Debts after one year -€124,467
down €124,467 (-2.7%), from €4.6m to €4.4m
- Tax, wage and social debts -€74,601
down €74,601 (-69.3%), from €107,583 to €32,982
of which Taxes: -€74,601
- Gross operating margin +€16,517
up €16,517 (+5.1%), from €326,248 to €342,766
- Financial charges +€11,184
up €11,184 (+30.3%), from €36,878 to €48,061
- Financial income +€4,449
new in 2025: €4,449
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 | €5,633,234 | €5,518,270 | -€114,963 | -2.0% |
| Fixed assets | 21/28 | €5,425,000 | €5,425,000 | = | 0.0% |
| Financial fixed assets | 28 | €5,425,000 | €5,425,000 | = | 0.0% |
| Current assets | 29/58 | €208,234 | €93,270 | -€114,963 | -55.2% |
| Amounts receivable within one year | 40/41 | €36,425 | €27,225 | -€9,200 | -25.3% |
| Trade receivables | 40 | €30,250 | €27,225 | -€3,025 | -10.0% |
| Other amounts receivable | 41 | €6,175 | €0 | -€6,175 | -100% |
| Cash at bank and in hand | 54/58 | €171,809 | €38,545 | -€133,264 | -77.6% |
| Deferred charges and accrued income | 490/1 | €0 | €27,500 | +€27,500 | |
| Total equity and liabilities | 10/49 | €5,633,234 | €5,518,270 | -€114,963 | -2.0% |
| Equity | 10/15 | €626,420 | €313,126 | -€313,293 | -50.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €576,420 | €263,126 | -€313,293 | -54.4% |
| Tax-exempt reserves | 132 | €147,350 | €263,125 | +€115,775 | +78.6% |
| Distributable reserves | 133 | €429,070 | €1 | -€429,068 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €5,006,814 | €5,205,144 | +€198,330 | +4.0% |
| Amounts payable after more than one year | 17 | €4,568,728 | €4,444,261 | -€124,467 | -2.7% |
| Financial debts | 170/4 | €4,568,728 | €4,444,261 | -€124,467 | -2.7% |
| Amounts payable within one year | 42/48 | €397,596 | €680,932 | +€283,335 | +71.3% |
| Current portion of amounts payable after more than one year | 42 | €123,094 | €134,777 | +€11,683 | +9.5% |
| Trade debts | 44 | €160,970 | €396 | -€160,573 | -99.8% |
| Suppliers | 440/4 | €160,970 | €396 | -€160,573 | -99.8% |
| Taxes, remuneration and social security | 45 | €107,583 | €32,982 | -€74,601 | -69.3% |
| Taxes | 450/3 | €107,583 | €32,982 | -€74,601 | -69.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €5,950 | €512,776 | +€506,826 | +8,518% |
| Accrued charges and deferred income | 492/3 | €40,490 | €79,951 | +€39,462 | +97.5% |
| Other operating charges | 640/8 | €1,094 | €1,126 | +€33 | +3.0% |
| Gross operating margin | 9900 | €326,248 | €342,766 | +€16,517 | +5.1% |
| Operating profit (loss) | 9901 | €325,155 | €341,639 | +€16,485 | +5.1% |
| Financial income | 75/76B | - | €4,449 | +€4,449 | |
| Recurring financial income | 75 | - | €4,449 | +€4,449 | |
| Financial charges | 65/66B | €36,878 | €48,061 | +€11,184 | +30.3% |
| Recurring financial charges | 65 | €36,878 | €48,061 | +€11,184 | +30.3% |
| Profit (loss) for the period before taxes | 9903 | €288,277 | €298,027 | +€9,750 | +3.4% |
| Income taxes | 67/77 | €73,483 | €75,372 | +€1,889 | +2.6% |
| Profit (loss) for the period | 9904 | €214,794 | €222,655 | +€7,861 | +3.7% |
| Transfer to tax-exempt reserves | 689 | €0 | €115,775 | +€115,775 | |
| Profit (loss) for the period to be appropriated | 9905 | €214,794 | €106,880 | -€107,914 | -50.2% |
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 18 October 2026 via checked.be.