Vedelek: 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.
Vedelek
Largest movements
- Cash +€29,457
up €29,457 (+66.6%), from €44,219 to €73,676
mainly Net result for the year (+€28,299) and Receivables within one year (+€17,860)
- Receivables within one year -€17,860
down €17,860 (-55.5%), from €32,186 to €14,325
of which Trade receivables: -€17,783
- Stocks and contracts +€5,613
up €5,613 (+63.2%), from €8,881 to €14,495
- Reserves +€28,000
up €28,000 (+74.7%), from €37,500 to €65,500
- Other debts -€7,979
down €7,979 (-21.4%), from €37,210 to €29,231
- Trade debts -€1,666
down €1,666 (-33.9%), from €4,917 to €3,252
- Tax, wage and social debts -€1,207
down €1,207 (-21.3%), from €5,660 to €4,453
of which Remuneration and social security: -€2,000
- Gross operating margin -€12,163
down €12,163 (-21.8%), from €55,784 to €43,621
- Taxes -€3,472
down €3,472 (-23.7%), from €14,626 to €11,155
- Other operating charges +€1,066
up €1,066 (+149.7%), from €712 to €1,778
- Financial charges +€939
up €939 (+105.5%), from €891 to €1,830
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 | €86,144 | €103,578 | +€17,434 | +20.2% |
| Fixed assets | 21/28 | €585 | €1,082 | +€497 | +85.0% |
| Tangible fixed assets | 22/27 | €585 | €1,082 | +€497 | +85.0% |
| Furniture and vehicles | 24 | €585 | €1,082 | +€497 | +85.0% |
| Current assets | 29/58 | €85,559 | €102,496 | +€16,937 | +19.8% |
| Stocks and contracts in progress | 3 | €8,881 | €14,495 | +€5,613 | +63.2% |
| Stocks | 30/36 | €8,881 | €14,495 | +€5,613 | +63.2% |
| Amounts receivable within one year | 40/41 | €32,186 | €14,325 | -€17,860 | -55.5% |
| Trade receivables | 40 | €32,101 | €14,318 | -€17,783 | -55.4% |
| Other amounts receivable | 41 | €85 | €8 | -€77 | -91.1% |
| Cash at bank and in hand | 54/58 | €44,219 | €73,676 | +€29,457 | +66.6% |
| Deferred charges and accrued income | 490/1 | €273 | - | -€273 | |
| Total equity and liabilities | 10/49 | €86,144 | €103,578 | +€17,434 | +20.2% |
| Equity | 10/15 | €38,329 | €66,628 | +€28,299 | +73.8% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €37,500 | €65,500 | +€28,000 | +74.7% |
| Distributable reserves | 133 | €37,500 | €65,500 | +€28,000 | +74.7% |
| Profit (loss) carried forward | 14 | €729 | €1,028 | +€299 | +41.1% |
| Amounts payable | 17/49 | €47,815 | €36,950 | -€10,865 | -22.7% |
| Amounts payable within one year | 42/48 | €47,815 | €36,950 | -€10,865 | -22.7% |
| Financial debts | 43 | €28 | €14 | -€14 | -50.0% |
| Credit institutions | 430/8 | €28 | €14 | -€14 | -50.0% |
| Trade debts | 44 | €4,917 | €3,252 | -€1,666 | -33.9% |
| Suppliers | 440/4 | €4,917 | €3,252 | -€1,666 | -33.9% |
| Taxes, remuneration and social security | 45 | €5,660 | €4,453 | -€1,207 | -21.3% |
| Taxes | 450/3 | €3,660 | €4,453 | +€793 | +21.7% |
| Remuneration and social security | 454/9 | €2,000 | - | -€2,000 | |
| Other amounts payable | 47/48 | €37,210 | €29,231 | -€7,979 | -21.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €931 | €593 | -€338 | -36.3% |
| Other operating charges | 640/8 | €712 | €1,778 | +€1,066 | +149.7% |
| Gross operating margin | 9900 | €55,784 | €43,621 | -€12,163 | -21.8% |
| Operating profit (loss) | 9901 | €54,141 | €41,250 | -€12,891 | -23.8% |
| Financial income | 75/76B | €135 | €33 | -€102 | -75.2% |
| Recurring financial income | 75 | €135 | €33 | -€102 | -75.2% |
| Financial charges | 65/66B | €891 | €1,830 | +€939 | +105.5% |
| Recurring financial charges | 65 | €891 | €1,830 | +€939 | +105.5% |
| Profit (loss) for the period before taxes | 9903 | €53,386 | €39,454 | -€13,932 | -26.1% |
| Income taxes | 67/77 | €14,626 | €11,155 | -€3,472 | -23.7% |
| Profit (loss) for the period | 9904 | €38,760 | €28,299 | -€10,460 | -27.0% |
| Profit (loss) for the period to be appropriated | 9905 | €38,760 | €28,299 | -€10,460 | -27.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.