VEDELEC: 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.
What changed
VEDELEC
NACE 46.431, Wholesale of electrical household appliances and audio-video equipment
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€722,236
2024 · €1.6m-€908,382
Equity
€3.8m
2024 · €3.8m-€37,738
Cash
€709,109
2024 · €887,408-€178,299
Balance sheet total
€9.8m
2024 · €11.2m-€1.4m
Largest movements
Assets
- Stocks and contracts -€669,410
down €669,410 (-14.9%), from €4.5m to €3.8m
- Current investments -€500,000
no longer reported in 2025 (was €500,000)
- Cash -€178,299
down €178,299 (-20.1%), from €887,408 to €709,109
mainly Other debts (-€950,000) and Contributions, distributions and other (-€759,975)
Equity and liabilities
- Other debts -€950,000
down €950,000 (-55.9%), from €1.7m to €750,000
- Tax, wage and social debts -€176,434
down €176,434 (-29.1%), from €605,668 to €429,234
of which Taxes: -€359,633
- Trade debts -€128,625
down €128,625 (-5.3%), from €2.4m to €2.3m
Income statement
- Services and other goods +€806,325
up €806,325 (+19.7%), from €4.1m to €4.9m
- Goods and materials +€563,759
up €563,759 (+2.9%), from €19.5m to €20.1m
of which Change in stocks: decrease (increase): +€684,415
- Turnover +€404,433
up €404,433 (+1.4%), from €28.1m to €28.5m
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.
Result 2024
€1.6m
Turnover
+€404,433
Other operating income
+€1,833
Goods and materials
-€563,759
Services and other goods
-€806,325
Staff costs
-€122,497
Depreciation
-€9,187
Write-downs
+€173,053
Provisions
-€5,630
Other operating charges
-€90,518
Other operating items
+€11,139
Financial income
+€5,040
Financial charges
-€62,711
Taxes
+€156,748
Result 2025
€722,236
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€601,157
Investment
+€45,180
Financing
-€824,637
Cash 2024
€887,408
From operations (derived)
+€601,157
Net result for the year
+€722,236
Depreciation
+€507,985
Receivables after one year
+€48,000
Stocks and contracts
+€669,410
Receivables within one year
-€68,438
Deferred charges and accrued income
-€10,255
Provisions
-€12,722
Trade debts
-€128,625
Tax, wage and social debts
-€176,434
Other debts
-€950,000
Investment (derived)
+€45,180
Investment in fixed assets (net)
-€454,820
Current investments
+€500,000
Financing
-€824,637
Debts after one year
-€27,693
Current portion of long-term debt
-€36,969
Contributions, distributions and other
-€759,975
Cash 2025
€709,109
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,162,966 | €9,792,784 | -€1.4m | -12.3% |
| Fixed assets | 21/28 | €1,825,427 | €1,772,261 | -€53,166 | -2.9% |
| Intangible fixed assets | 21 | €802,639 | €843,700 | +€41,061 | +5.1% |
| Tangible fixed assets | 22/27 | €1,020,982 | €926,756 | -€94,226 | -9.2% |
| Land and buildings | 22 | €893,663 | €826,731 | -€66,932 | -7.5% |
| Plant, machinery and equipment | 23 | €103,143 | €81,848 | -€21,295 | -20.6% |
| Furniture and vehicles | 24 | €22,799 | €18,177 | -€4,622 | -20.3% |
| Other tangible fixed assets | 26 | €1,377 | - | -€1,377 | |
| Financial fixed assets | 28 | €1,805 | €1,805 | = | 0.0% |
| Other financial fixed assets | 284/8 | €1,805 | €1,805 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €1,805 | €1,805 | = | 0.0% |
| Current assets | 29/58 | €9,337,539 | €8,020,523 | -€1.3m | -14.1% |
| Amounts receivable after more than one year | 29 | €74,854 | €26,854 | -€48,000 | -64.1% |
| Other amounts receivable | 291 | €74,854 | €26,854 | -€48,000 | -64.1% |
| Stocks and contracts in progress | 3 | €4,498,654 | €3,829,244 | -€669,410 | -14.9% |
| Stocks | 30/36 | €4,498,654 | €3,829,244 | -€669,410 | -14.9% |
| Raw materials and consumables | 30/31 | €34,759 | €25,546 | -€9,213 | -26.5% |
| Goods purchased for resale | 34 | €4,463,895 | €3,803,698 | -€660,197 | -14.8% |
| Amounts receivable within one year | 40/41 | €3,370,969 | €3,439,408 | +€68,438 | +2.0% |
| Trade receivables | 40 | €1,994,182 | €1,849,595 | -€144,587 | -7.3% |
| Other amounts receivable | 41 | €1,376,787 | €1,589,813 | +€213,026 | +15.5% |
| Current investments | 50/53 | €500,000 | - | -€500,000 | |
| Other investments | 51/53 | €500,000 | - | -€500,000 | |
| Cash at bank and in hand | 54/58 | €887,408 | €709,109 | -€178,299 | -20.1% |
| Deferred charges and accrued income | 490/1 | €5,654 | €15,909 | +€10,255 | +181% |
| Total equity and liabilities | 10/49 | €11,162,966 | €9,792,784 | -€1.4m | -12.3% |
| Equity | 10/15 | €3,809,294 | €3,771,555 | -€37,738 | -1.0% |
| Contributions | 10/11 | €1,116,200 | €1,116,200 | = | 0.0% |
| Capital | 10 | €1,116,200 | €1,116,200 | = | 0.0% |
| Issued capital | 100 | €1,143,600 | €1,143,600 | = | 0.0% |
| Uncalled capital | 101 | €27,400 | €27,400 | = | 0.0% |
| Reserves | 13 | €2,575,490 | €2,547,727 | -€27,764 | -1.1% |
| Non-distributable reserves | 130/1 | €114,360 | €114,360 | = | 0.0% |
| Legal reserve | 130 | €114,360 | €114,360 | = | 0.0% |
| Tax-exempt reserves | 132 | €393,094 | €355,751 | -€37,343 | -9.5% |
| Distributable reserves | 133 | €2,068,036 | €2,077,615 | +€9,580 | +0.5% |
| Investment grants | 15 | €117,603 | €107,629 | -€9,975 | -8.5% |
| Provisions and deferred taxes | 16 | €182,443 | €169,721 | -€12,722 | -7.0% |
| Provisions for liabilities and charges | 160/5 | €51,742 | €51,467 | -€275 | -0.5% |
| Other liabilities and charges | 164/5 | €51,742 | €51,467 | -€275 | -0.5% |
| Deferred taxes | 168 | €130,701 | €118,253 | -€12,448 | -9.5% |
| Amounts payable | 17/49 | €7,171,229 | €5,851,509 | -€1.3m | -18.4% |
| Amounts payable after more than one year | 17 | €2,414,107 | €2,386,414 | -€27,693 | -1.1% |
| Financial debts | 170/4 | €2,414,107 | €2,386,414 | -€27,693 | -1.1% |
| Credit institutions | 173 | €38,221 | €29,553 | -€8,668 | -22.7% |
| Other loans | 174 | €2,375,886 | €2,356,861 | -€19,025 | -0.8% |
| Amounts payable within one year | 42/48 | €4,757,122 | €3,465,095 | -€1.3m | -27.2% |
| Current portion of amounts payable after more than one year | 42 | €45,637 | €8,668 | -€36,969 | -81.0% |
| Trade debts | 44 | €2,405,818 | €2,277,193 | -€128,625 | -5.3% |
| Suppliers | 440/4 | €2,405,818 | €2,277,193 | -€128,625 | -5.3% |
| Taxes, remuneration and social security | 45 | €605,668 | €429,234 | -€176,434 | -29.1% |
| Taxes | 450/3 | €359,633 | - | -€359,633 | |
| Remuneration and social security | 454/9 | €246,035 | €429,234 | +€183,199 | +74.5% |
| Other amounts payable | 47/48 | €1,700,000 | €750,000 | -€950,000 | -55.9% |
| Operating income | 70/76A | €28,304,829 | €28,600,458 | +€295,629 | +1.0% |
| Turnover | 70 | €28,141,558 | €28,545,991 | +€404,433 | +1.4% |
| Other operating income | 74 | €52,634 | €54,467 | +€1,833 | +3.5% |
| Non-recurring operating income | 76A | €110,637 | - | -€110,637 | |
| Operating charges | 60/66A | €26,441,718 | €27,744,806 | +€1.3m | +4.9% |
| Goods for resale, raw materials and consumables | 60 | €19,528,133 | €20,091,892 | +€563,759 | +2.9% |
| Purchases | 600/8 | €19,482,971 | €19,362,315 | -€120,656 | -0.6% |
| Change in stocks: decrease (increase) | 609 | €45,162 | €729,577 | +€684,415 | +1,515% |
| Services and other goods | 61 | €4,090,238 | €4,896,563 | +€806,325 | +19.7% |
| Remuneration, social security and pensions | 62 | €2,095,253 | €2,217,750 | +€122,497 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €498,798 | €507,985 | +€9,187 | +1.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €80,422 | -€92,631 | -€173,053 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€5,904 | -€275 | +€5,630 | +95.3% |
| Other operating charges | 640/8 | €33,003 | €123,521 | +€90,518 | +274% |
| Non-recurring operating charges | 66A | €121,775 | - | -€121,775 | |
| Operating profit (loss) | 9901 | €1,863,110 | €855,652 | -€1.0m | -54.1% |
| Financial income | 75/76B | €29,923 | €34,963 | +€5,040 | +16.8% |
| Recurring financial income | 75 | €29,923 | €34,963 | +€5,040 | +16.8% |
| Income from current assets | 751 | €7,962 | €21,919 | +€13,957 | +175% |
| Other financial income | 752/9 | €21,961 | €13,044 | -€8,917 | -40.6% |
| Financial charges | 65/66B | €13,383 | €76,094 | +€62,711 | +469% |
| Recurring financial charges | 65 | €13,383 | €76,094 | +€62,711 | +469% |
| Debt charges | 650 | €1,657 | €64,052 | +€62,396 | +3,766% |
| Other financial charges | 652/9 | €11,727 | €12,042 | +€315 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | €1,879,650 | €814,520 | -€1.1m | -56.7% |
| Transfer from deferred taxes | 780 | €12,448 | €12,448 | = | 0.0% |
| Income taxes | 67/77 | €261,479 | €104,732 | -€156,748 | -59.9% |
| Taxes | 670/3 | €262,336 | €104,732 | -€157,604 | -60.1% |
| Tax adjustments and reversals of tax provisions | 77 | €856 | - | -€856 | |
| Profit (loss) for the period | 9904 | €1,630,618 | €722,236 | -€908,382 | -55.7% |
| Transfer from tax-exempt reserves | 789 | €37,343 | €37,343 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,667,962 | €759,580 | -€908,382 | -54.5% |
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 14 October 2026 via checked.be.