Vedecof: 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.
Vedecof
Largest movements
- Cash +€7,709
up €7,709 (+34.4%), from €22,437 to €30,146
mainly Net result for the year (+€10,022) and Trade debts (+€7,432)
- Stocks and contracts +€1,760
up €1,760 (+8.2%), from €21,567 to €23,327
- Receivables within one year -€844
down €844 (-78.8%), from €1,070 to €227
of which Other amounts receivable: -€422
- Other debts -€10,562
down €10,562 (-73.6%), from €14,351 to €3,789
- Profit (loss) carried forward +€10,022
up €10,022 (+108%), from €9,253 to €19,275
- Trade debts +€7,432
up €7,432 (+236%), from €3,151 to €10,582
- Tax, wage and social debts +€1,807
up €1,807 (+874%), from €207 to €2,013
- Taxes +€2,013
new in 2025: €2,013
- Gross operating margin +€612
up €612 (+4.9%), from €12,525 to €13,137
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 | €47,412 | €56,111 | +€8,698 | +18.3% |
| Fixed assets | 21/28 | €255 | €255 | = | 0.0% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €255 | €255 | = | 0.0% |
| Current assets | 29/58 | €47,157 | €55,856 | +€8,698 | +18.4% |
| Stocks and contracts in progress | 3 | €21,567 | €23,327 | +€1,760 | +8.2% |
| Stocks | 30/36 | €21,567 | €23,327 | +€1,760 | +8.2% |
| Amounts receivable within one year | 40/41 | €1,070 | €227 | -€844 | -78.8% |
| Trade receivables | 40 | €421 | - | -€421 | |
| Other amounts receivable | 41 | €649 | €227 | -€422 | -65.1% |
| Cash at bank and in hand | 54/58 | €22,437 | €30,146 | +€7,709 | +34.4% |
| Deferred charges and accrued income | 490/1 | €2,082 | €2,156 | +€74 | +3.5% |
| Total equity and liabilities | 10/49 | €47,412 | €56,111 | +€8,698 | +18.3% |
| Equity | 10/15 | €29,704 | €39,726 | +€10,022 | +33.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,253 | €19,275 | +€10,022 | +108% |
| Amounts payable | 17/49 | €17,708 | €16,385 | -€1,324 | -7.5% |
| Amounts payable within one year | 42/48 | €17,708 | €16,385 | -€1,324 | -7.5% |
| Trade debts | 44 | €3,151 | €10,582 | +€7,432 | +236% |
| Suppliers | 440/4 | €3,151 | €10,582 | +€7,432 | +236% |
| Taxes, remuneration and social security | 45 | €207 | €2,013 | +€1,807 | +874% |
| Taxes | 450/3 | €207 | €2,013 | +€1,807 | +874% |
| Other amounts payable | 47/48 | €14,351 | €3,789 | -€10,562 | -73.6% |
| Other operating charges | 640/8 | €791 | €812 | +€21 | +2.7% |
| Gross operating margin | 9900 | €12,525 | €13,137 | +€612 | +4.9% |
| Operating profit (loss) | 9901 | €11,734 | €12,325 | +€591 | +5.0% |
| Financial income | 75/76B | €27 | €48 | +€21 | +79.6% |
| Recurring financial income | 75 | €27 | €48 | +€21 | +79.6% |
| Financial charges | 65/66B | €324 | €337 | +€13 | +4.1% |
| Recurring financial charges | 65 | €324 | €337 | +€13 | +4.1% |
| Profit (loss) for the period before taxes | 9903 | €11,436 | €12,036 | +€599 | +5.2% |
| Income taxes | 67/77 | - | €2,013 | +€2,013 | |
| Profit (loss) for the period | 9904 | €11,436 | €10,022 | -€1,414 | -12.4% |
| Profit (loss) for the period to be appropriated | 9905 | €11,436 | €10,022 | -€1,414 | -12.4% |
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 19 October 2026 via checked.be.