VEDES CONSULTING: 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.
VEDES CONSULTING
Largest movements
- Receivables within one year +€79,745
up €79,745 (+16.3%), from €487,801 to €567,546
of which Other amounts receivable: +€72,662
- Tangible fixed assets -€63,078
down €63,078 (-4.3%), from €1.5m to €1.4m
of which Land and buildings: -€38,269
- Current investments -€52,130
down €52,130 (-4.9%), from €1.1m to €1.0m
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€36,061
up €36,061 (+46.5%), from €77,603 to €113,664
- Depreciation +€31,117
up €31,117 (+37.8%), from €82,330 to €113,447
- Financial income -€15,101
down €15,101 (-33.9%), from €44,561 to €29,460
- Other operating charges +€6,486
up €6,486 (+85.1%), from €7,625 to €14,111
- Taxes -€4,631
down €4,631 (-20.9%), from €22,125 to €17,494
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 | €3,155,346 | €3,138,931 | -€16,415 | -0.5% |
| Fixed assets | 21/28 | €1,517,803 | €1,454,725 | -€63,078 | -4.2% |
| Tangible fixed assets | 22/27 | €1,467,803 | €1,404,725 | -€63,078 | -4.3% |
| Land and buildings | 22 | €1,200,959 | €1,162,690 | -€38,269 | -3.2% |
| Plant, machinery and equipment | 23 | €118,057 | €122,495 | +€4,437 | +3.8% |
| Furniture and vehicles | 24 | €136,438 | €107,191 | -€29,247 | -21.4% |
| Other tangible fixed assets | 26 | €12,349 | €12,349 | = | 0.0% |
| Financial fixed assets | 28 | €50,000 | €50,000 | = | 0.0% |
| Current assets | 29/58 | €1,637,543 | €1,684,206 | +€46,663 | +2.8% |
| Amounts receivable within one year | 40/41 | €487,801 | €567,546 | +€79,745 | +16.3% |
| Trade receivables | 40 | €3,202 | €10,285 | +€7,083 | +221% |
| Other amounts receivable | 41 | €484,599 | €557,261 | +€72,662 | +15.0% |
| Current investments | 50/53 | €1,056,454 | €1,004,324 | -€52,130 | -4.9% |
| Cash at bank and in hand | 54/58 | €71,159 | €95,802 | +€24,643 | +34.6% |
| Deferred charges and accrued income | 490/1 | €22,129 | €16,533 | -€5,596 | -25.3% |
| Total equity and liabilities | 10/49 | €3,155,346 | €3,138,931 | -€16,415 | -0.5% |
| Equity | 10/15 | €3,117,080 | €3,114,497 | -€2,583 | -0.1% |
| Contributions | 10/11 | €818,800 | €818,800 | = | 0.0% |
| Contributions outside capital | 11 | €818,800 | €818,800 | = | 0.0% |
| Other | 1109/19 | €818,800 | €818,800 | = | 0.0% |
| Reserves | 13 | €2,298,280 | €2,295,697 | -€2,583 | -0.1% |
| Distributable reserves | 133 | €2,298,280 | €2,295,697 | -€2,583 | -0.1% |
| Amounts payable | 17/49 | €38,266 | €24,434 | -€13,832 | -36.1% |
| Amounts payable within one year | 42/48 | €36,658 | €22,799 | -€13,859 | -37.8% |
| Trade debts | 44 | €4,801 | €11,621 | +€6,820 | +142% |
| Suppliers | 440/4 | €4,801 | €11,621 | +€6,820 | +142% |
| Taxes, remuneration and social security | 45 | €6,857 | €11,178 | +€4,321 | +63.0% |
| Taxes | 450/3 | €6,857 | €11,178 | +€4,321 | +63.0% |
| Other amounts payable | 47/48 | €25,000 | - | -€25,000 | |
| Accrued charges and deferred income | 492/3 | €1,607 | €1,635 | +€28 | +1.7% |
| Non-recurring operating income | 76A | - | €29,161 | +€29,161 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,330 | €113,447 | +€31,117 | +37.8% |
| Other operating charges | 640/8 | €7,625 | €14,111 | +€6,486 | +85.1% |
| Gross operating margin | 9900 | €77,603 | €113,664 | +€36,061 | +46.5% |
| Operating profit (loss) | 9901 | -€12,352 | -€13,894 | -€1,542 | -12.5% |
| Financial income | 75/76B | €44,561 | €29,460 | -€15,101 | -33.9% |
| Recurring financial income | 75 | €44,561 | €29,460 | -€15,101 | -33.9% |
| Financial charges | 65/66B | €928 | €655 | -€273 | -29.4% |
| Recurring financial charges | 65 | €928 | €655 | -€273 | -29.4% |
| Profit (loss) for the period before taxes | 9903 | €31,281 | €14,911 | -€16,371 | -52.3% |
| Income taxes | 67/77 | €22,125 | €17,494 | -€4,631 | -20.9% |
| Profit (loss) for the period | 9904 | €9,156 | -€2,583 | -€11,740 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,156 | -€2,583 | -€11,740 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.