VEDECO PUURS: 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.
VEDECO PUURS
Largest movements
- Tangible fixed assets -€381,373
down €381,373 (-13.6%), from €2.8m to €2.4m
of which Land and buildings: -€347,640
- Cash +€145,329
up €145,329 (+694%), from €20,956 to €166,285
mainly Investment in fixed assets (net) (+€217,720) and Depreciation (+€163,653)
- Reserves -€119,371
down €119,371 (-7.9%), from €1.5m to €1.4m
of which Distributable reserves: -€66,088
- Debts after one year -€84,850
down €84,850 (-10.7%), from €794,751 to €709,901
of which Financial debts: -€84,850
- Gross operating margin +€46,621
up €46,621 (+34.0%), from €136,933 to €183,554
- Depreciation -€27,228
down €27,228 (-14.3%), from €190,880 to €163,653
- Staff costs -€24,442
down €24,442 (-50.8%), from €48,146 to €23,704
- Financial charges +€4,890
up €4,890 (+25.9%), from €18,846 to €23,736
- Taxes +€3,363
up €3,363 (+1,077%), from €312 to €3,675
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 | €2,862,406 | €2,655,677 | -€206,729 | -7.2% |
| Fixed assets | 21/28 | €2,807,229 | €2,425,856 | -€381,373 | -13.6% |
| Tangible fixed assets | 22/27 | €2,807,229 | €2,425,856 | -€381,373 | -13.6% |
| Land and buildings | 22 | €2,732,016 | €2,384,376 | -€347,640 | -12.7% |
| Plant, machinery and equipment | 23 | €2,335 | €1,696 | -€638 | -27.3% |
| Furniture and vehicles | 24 | €67,269 | €36,163 | -€31,106 | -46.2% |
| Other tangible fixed assets | 26 | €5,609 | €3,620 | -€1,989 | -35.5% |
| Current assets | 29/58 | €55,177 | €229,821 | +€174,644 | +317% |
| Amounts receivable within one year | 40/41 | €34,221 | €60,821 | +€26,600 | +77.7% |
| Trade receivables | 40 | €34,213 | €36,169 | +€1,956 | +5.7% |
| Other amounts receivable | 41 | €8 | €24,651 | +€24,643 | +304,613% |
| Cash at bank and in hand | 54/58 | €20,956 | €166,285 | +€145,329 | +694% |
| Deferred charges and accrued income | 490/1 | - | €2,715 | +€2,715 | |
| Total equity and liabilities | 10/49 | €2,862,406 | €2,655,677 | -€206,729 | -7.2% |
| Equity | 10/15 | €1,580,131 | €1,460,759 | -€119,371 | -7.6% |
| Contributions | 10/11 | €74,392 | €74,392 | = | 0.0% |
| Reserves | 13 | €1,505,739 | €1,386,367 | -€119,371 | -7.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €460,359 | €407,076 | -€53,283 | -11.6% |
| Distributable reserves | 133 | €1,045,380 | €979,291 | -€66,088 | -6.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €237,049 | €209,613 | -€27,437 | -11.6% |
| Deferred taxes | 168 | €237,049 | €209,613 | -€27,437 | -11.6% |
| Amounts payable | 17/49 | €1,045,226 | €985,305 | -€59,921 | -5.7% |
| Amounts payable after more than one year | 17 | €794,751 | €709,901 | -€84,850 | -10.7% |
| Financial debts | 170/4 | €782,046 | €697,196 | -€84,850 | -10.8% |
| Other amounts payable | 178/9 | €12,705 | €12,705 | = | 0.0% |
| Amounts payable within one year | 42/48 | €250,474 | €275,404 | +€24,930 | +10.0% |
| Current portion of amounts payable after more than one year | 42 | €68,309 | €86,104 | +€17,795 | +26.1% |
| Trade debts | 44 | €8,244 | €12,947 | +€4,703 | +57.0% |
| Suppliers | 440/4 | €8,244 | €12,947 | +€4,703 | +57.0% |
| Taxes, remuneration and social security | 45 | €12,772 | €10,212 | -€2,560 | -20.0% |
| Taxes | 450/3 | €6,075 | €7,210 | +€1,136 | +18.7% |
| Remuneration and social security | 454/9 | €6,698 | €3,002 | -€3,696 | -55.2% |
| Other amounts payable | 47/48 | €161,149 | €166,141 | +€4,992 | +3.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €59,081 | +€59,081 | |
| Remuneration, social security and pensions | 62 | €48,146 | €23,704 | -€24,442 | -50.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €190,880 | €163,653 | -€27,228 | -14.3% |
| Other operating charges | 640/8 | €13,989 | €16,513 | +€2,524 | +18.0% |
| Gross operating margin | 9900 | €136,933 | €183,554 | +€46,621 | +34.0% |
| Operating profit (loss) | 9901 | -€116,082 | -€20,315 | +€95,767 | +82.5% |
| Financial income | 75/76B | - | €919 | +€919 | |
| Recurring financial income | 75 | - | €919 | +€919 | |
| Financial charges | 65/66B | €18,846 | €23,736 | +€4,890 | +25.9% |
| Recurring financial charges | 65 | €18,846 | €23,736 | +€4,890 | +25.9% |
| Profit (loss) for the period before taxes | 9903 | -€134,928 | -€43,133 | +€91,796 | +68.0% |
| Transfer from deferred taxes | 780 | €27,437 | €0 | -€27,437 | -100% |
| Income taxes | 67/77 | €312 | €3,675 | +€3,363 | +1,077% |
| Profit (loss) for the period | 9904 | -€107,804 | -€46,808 | +€60,996 | +56.6% |
| Transfer from tax-exempt reserves | 789 | €53,283 | €80,719 | +€27,437 | +51.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€54,521 | €33,912 | +€88,433 |
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 22 October 2026 via checked.be.