VédéA: 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.
VédéA
Largest movements
- Formation expenses -€17,000
down €17,000 (-24.8%), from €68,500 to €51,500
- Tangible fixed assets -€12,845
down €12,845 (-4.0%), from €324,721 to €311,876
of which Land and buildings: -€9,506
- Receivables within one year +€6,908
up €6,908 (+298.8%), from €2,312 to €9,221
- Debts after one year -€14,432
down €14,432 (-4.9%), from €291,770 to €277,339
- Other debts -€13,533
down €13,533 (-20.6%), from €65,646 to €52,113
- Trade debts -€11,690
down €11,690 (-61.0%), from €19,153 to €7,463
- Short-term financial debts +€9,910
up €9,910 (+68.3%), from €14,504 to €24,414
- Depreciation +€11,262
up €11,262 (+60.6%), from €18,583 to €29,845
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 | €481,238 | €452,224 | -€29,014 | -6.0% |
| Formation expenses | 20 | €68,500 | €51,500 | -€17,000 | -24.8% |
| Fixed assets | 21/28 | €328,379 | €315,534 | -€12,845 | -3.9% |
| Tangible fixed assets | 22/27 | €324,721 | €311,876 | -€12,845 | -4.0% |
| Land and buildings | 22 | €301,800 | €292,294 | -€9,506 | -3.1% |
| Plant, machinery and equipment | 23 | €20,642 | €17,905 | -€2,737 | -13.3% |
| Furniture and vehicles | 24 | €2,279 | €1,677 | -€602 | -26.4% |
| Financial fixed assets | 28 | €3,659 | €3,659 | = | 0.0% |
| Current assets | 29/58 | €84,358 | €85,189 | +€831 | +1.0% |
| Stocks and contracts in progress | 3 | €75,677 | €74,177 | -€1,500 | -2.0% |
| Stocks | 30/36 | €75,677 | €74,177 | -€1,500 | -2.0% |
| Amounts receivable within one year | 40/41 | €2,312 | €9,221 | +€6,908 | +298.8% |
| Trade receivables | 40 | €2,312 | €9,221 | +€6,908 | +298.8% |
| Cash at bank and in hand | 54/58 | €1,862 | €1,792 | -€70 | -3.8% |
| Deferred charges and accrued income | 490/1 | €4,508 | - | -€4,508 | |
| Total equity and liabilities | 10/49 | €481,238 | €452,224 | -€29,014 | -6.0% |
| Equity | 10/15 | €81,714 | €79,569 | -€2,144 | -2.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €29,000 | €29,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €27,000 | €27,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,714 | €30,569 | -€2,144 | -6.6% |
| Amounts payable | 17/49 | €399,524 | €372,654 | -€26,870 | -6.7% |
| Amounts payable after more than one year | 17 | €291,770 | €277,339 | -€14,432 | -4.9% |
| Financial debts | 170/4 | €291,770 | €277,339 | -€14,432 | -4.9% |
| Amounts payable within one year | 42/48 | €107,754 | €95,315 | -€12,438 | -11.5% |
| Financial debts | 43 | €14,504 | €24,414 | +€9,910 | +68.3% |
| Credit institutions | 430/8 | €14,504 | €24,414 | +€9,910 | +68.3% |
| Trade debts | 44 | €19,153 | €7,463 | -€11,690 | -61.0% |
| Suppliers | 440/4 | €19,153 | €7,463 | -€11,690 | -61.0% |
| Taxes, remuneration and social security | 45 | €8,450 | €11,326 | +€2,876 | +34.0% |
| Taxes | 450/3 | €8,450 | €11,326 | +€2,876 | +34.0% |
| Other amounts payable | 47/48 | €65,646 | €52,113 | -€13,533 | -20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,583 | €29,845 | +€11,262 | +60.6% |
| Other operating charges | 640/8 | €798 | €740 | -€58 | -7.3% |
| Gross operating margin | 9900 | €37,098 | €37,234 | +€136 | +0.4% |
| Operating profit (loss) | 9901 | €17,717 | €6,649 | -€11,068 | -62.5% |
| Financial charges | 65/66B | €8,976 | €8,793 | -€183 | -2.0% |
| Recurring financial charges | 65 | €8,976 | €8,793 | -€183 | -2.0% |
| Profit (loss) for the period before taxes | 9903 | €8,741 | -€2,144 | -€10,886 | |
| Income taxes | 67/77 | €259 | - | -€259 | |
| Profit (loss) for the period | 9904 | €8,482 | -€2,144 | -€10,627 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,482 | -€2,144 | -€10,627 |
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 7 October 2026 via checked.be.