VéDéGé: 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.
VéDéGé
Largest movements
- Cash -€42,061
down €42,061 (-47.7%), from €88,242 to €46,181
mainly Contributions, distributions and other (-€219,631) and Receivables within one year (-€27,834)
- Receivables within one year +€27,834
up €27,834 (+150.3%), from €18,513 to €46,347
- Current investments +€25,788
new in 2025: €25,788
- Tangible fixed assets -€15,760
down €15,760 (-21.6%), from €72,863 to €57,103
of which Furniture and vehicles: -€11,128
- Other debts +€150,000
new in 2025: €150,000
- Profit (loss) carried forward -€130,712
down €130,712 (-90.9%), from €143,731 to €13,019
- Reserves -€25,900
down €25,900 (-93.3%), from €27,755 to €1,855
of which Distributable reserves: -€25,900
- Tax, wage and social debts +€2,070
up €2,070 (+22.4%), from €9,220 to €11,289
- Gross operating margin -€28,561
down €28,561 (-21.0%), from €135,810 to €107,249
- Taxes -€1,999
down €1,999 (-7.8%), from €25,529 to €23,530
- Financial charges +€1,398
up €1,398 (+998.3%), from €140 to €1,538
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 | €181,270 | €176,864 | -€4,406 | -2.4% |
| Fixed assets | 21/28 | €73,063 | €57,303 | -€15,760 | -21.6% |
| Tangible fixed assets | 22/27 | €72,863 | €57,103 | -€15,760 | -21.6% |
| Land and buildings | 22 | €27,601 | €24,144 | -€3,457 | -12.5% |
| Plant, machinery and equipment | 23 | €2,261 | €1,086 | -€1,175 | -52.0% |
| Furniture and vehicles | 24 | €43,001 | €31,873 | -€11,128 | -25.9% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €108,207 | €119,561 | +€11,354 | +10.5% |
| Amounts receivable within one year | 40/41 | €18,513 | €46,347 | +€27,834 | +150.3% |
| Trade receivables | 40 | €18,513 | €46,347 | +€27,834 | +150.3% |
| Current investments | 50/53 | - | €25,788 | +€25,788 | |
| Cash at bank and in hand | 54/58 | €88,242 | €46,181 | -€42,061 | -47.7% |
| Deferred charges and accrued income | 490/1 | €1,452 | €1,246 | -€207 | -14.2% |
| Total equity and liabilities | 10/49 | €181,270 | €176,864 | -€4,406 | -2.4% |
| Equity | 10/15 | €171,486 | €14,874 | -€156,612 | -91.3% |
| Reserves | 13 | €27,755 | €1,855 | -€25,900 | -93.3% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €25,900 | - | -€25,900 | |
| Profit (loss) carried forward | 14 | €143,731 | €13,019 | -€130,712 | -90.9% |
| Amounts payable | 17/49 | €9,784 | €161,989 | +€152,206 | +1555.7% |
| Amounts payable within one year | 42/48 | €9,784 | €161,989 | +€152,206 | +1555.7% |
| Trade debts | 44 | €564 | €700 | +€136 | +24.1% |
| Suppliers | 440/4 | €564 | €700 | +€136 | +24.1% |
| Taxes, remuneration and social security | 45 | €9,220 | €11,289 | +€2,070 | +22.4% |
| Taxes | 450/3 | €9,220 | €11,289 | +€2,070 | +22.4% |
| Other amounts payable | 47/48 | - | €150,000 | +€150,000 | |
| Non-recurring operating income | 76A | €12,526 | - | -€12,526 | |
| Remuneration, social security and pensions | 62 | €387 | €400 | +€12 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,365 | €18,537 | -€828 | -4.3% |
| Other operating charges | 640/8 | €493 | €228 | -€265 | -53.8% |
| Gross operating margin | 9900 | €135,810 | €107,249 | -€28,561 | -21.0% |
| Operating profit (loss) | 9901 | €115,565 | €88,084 | -€27,481 | -23.8% |
| Financial income | 75/76B | €0 | €4 | +€4 | +12266.7% |
| Recurring financial income | 75 | €0 | €4 | +€4 | +12266.7% |
| Financial charges | 65/66B | €140 | €1,538 | +€1,398 | +998.3% |
| Recurring financial charges | 65 | €140 | €1,538 | +€1,398 | +998.3% |
| Profit (loss) for the period before taxes | 9903 | €115,425 | €86,550 | -€28,875 | -25.0% |
| Income taxes | 67/77 | €25,529 | €23,530 | -€1,999 | -7.8% |
| Profit (loss) for the period | 9904 | €89,896 | €63,019 | -€26,877 | -29.9% |
| Profit (loss) for the period to be appropriated | 9905 | €89,896 | €63,019 | -€26,877 | -29.9% |
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 6 October 2026 via checked.be.