Vedesta: 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.
Vedesta
Largest movements
- Cash +€1.6m
up €1.6m (+172.5%), from €943,475 to €2.6m
mainly Net result for the year (+€1.4m) and Current investments (+€605,592)
- Current investments -€605,592
down €605,592 (-17.7%), from €3.4m to €2.8m
- Reserves +€977,000
up €977,000 (+11.2%), from €8.7m to €9.7m
of which Distributable reserves: +€1.1m
- Financial income +€92,671
up €92,671 (+7.5%), from €1.2m to €1.3m
- Financial charges +€16,014
up €16,014 (+7.3%), from -€220,446 to -€204,432
- Taxes +€7,000
up €7,000 (+5.3%), from €132,000 to €139,000
- Gross operating margin +€4,747
up €4,747, from -€263 to €4,485
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 | €13,555,559 | €14,556,447 | +€1.0m | +7.4% |
| Fixed assets | 21/28 | €8,802,368 | €8,802,368 | = | 0.0% |
| Financial fixed assets | 28 | €8,802,368 | €8,802,368 | = | 0.0% |
| Current assets | 29/58 | €4,753,191 | €5,754,079 | +€1.0m | +21.1% |
| Amounts receivable within one year | 40/41 | €390,263 | €371,472 | -€18,792 | -4.8% |
| Other amounts receivable | 41 | €390,263 | €371,472 | -€18,792 | -4.8% |
| Current investments | 50/53 | €3,416,304 | €2,810,712 | -€605,592 | -17.7% |
| Cash at bank and in hand | 54/58 | €943,475 | €2,570,924 | +€1.6m | +172.5% |
| Deferred charges and accrued income | 490/1 | €3,149 | €972 | -€2,178 | -69.2% |
| Total equity and liabilities | 10/49 | €13,555,559 | €14,556,447 | +€1.0m | +7.4% |
| Equity | 10/15 | €11,416,968 | €12,401,974 | +€985,006 | +8.6% |
| Contributions | 10/11 | €1,900,000 | €1,900,000 | = | 0.0% |
| Capital | 10 | €1,900,000 | €1,900,000 | = | 0.0% |
| Issued capital | 100 | €1,900,000 | €1,900,000 | = | 0.0% |
| Reserves | 13 | €8,684,507 | €9,661,507 | +€977,000 | +11.2% |
| Non-distributable reserves | 130/1 | €550,000 | €411,000 | -€139,000 | -25.3% |
| Legal reserve | 130 | €550,000 | €411,000 | -€139,000 | -25.3% |
| Distributable reserves | 133 | €8,134,507 | €9,250,507 | +€1.1m | +13.7% |
| Profit (loss) carried forward | 14 | €832,461 | €840,467 | +€8,006 | +1.0% |
| Amounts payable | 17/49 | €2,138,591 | €2,154,473 | +€15,882 | +0.7% |
| Amounts payable within one year | 42/48 | €2,138,591 | €2,154,473 | +€15,882 | +0.7% |
| Trade debts | 44 | €197 | €0 | -€197 | -100.0% |
| Suppliers | 440/4 | €197 | €0 | -€197 | -100.0% |
| Other amounts payable | 47/48 | €2,138,394 | €2,154,473 | +€16,079 | +0.8% |
| Other operating charges | 640/8 | €1,086 | €1,118 | +€33 | +3.0% |
| Gross operating margin | 9900 | -€263 | €4,485 | +€4,747 | |
| Operating profit (loss) | 9901 | -€1,348 | €3,366 | +€4,714 | |
| Financial income | 75/76B | €1,236,537 | €1,329,208 | +€92,671 | +7.5% |
| Recurring financial income | 75 | €1,236,537 | €1,329,208 | +€92,671 | +7.5% |
| Financial charges | 65/66B | -€220,446 | -€204,432 | +€16,014 | +7.3% |
| Recurring financial charges | 65 | -€220,446 | -€204,432 | +€16,014 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | €1,455,635 | €1,537,006 | +€81,371 | +5.6% |
| Income taxes | 67/77 | €132,000 | €139,000 | +€7,000 | +5.3% |
| Profit (loss) for the period | 9904 | €1,323,635 | €1,398,006 | +€74,371 | +5.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,323,635 | €1,398,006 | +€74,371 | +5.6% |
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.