Vedetrade: 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.
Vedetrade
Largest movements
- Stocks and contracts +€197,000
up €197,000 (+70.7%), from €278,686 to €475,686
- Receivables within one year -€63,930
down €63,930 (-56.8%), from €112,595 to €48,665
of which Trade receivables: -€58,802
- Tangible fixed assets -€17,354
down €17,354 (-51.4%), from €33,766 to €16,412
- Cash +€9,089
up €9,089 (+20.9%), from €43,537 to €52,626
mainly Other debts (+€104,500) and Receivables within one year (+€63,930)
- Other debts +€104,500
up €104,500 (+86.7%), from €120,500 to €225,000
- Reserves +€13,970
up €13,970 (+5.2%), from €270,807 to €284,777
of which Distributable reserves: +€13,970
- Gross operating margin +€52,765
up €52,765, from -€12,303 to €40,462
- Depreciation -€13,375
down €13,375 (-43.5%), from €30,729 to €17,354
- Financial charges -€1,554
down €1,554 (-54.5%), from €2,850 to €1,296
- Other operating charges -€1,373
down €1,373 (-17.5%), from €7,830 to €6,457
- Taxes -€1,318
down €1,318 (-77.4%), from €1,704 to €386
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 | €469,636 | €594,668 | +€125,031 | +26.6% |
| Fixed assets | 21/28 | €34,271 | €16,917 | -€17,354 | -50.6% |
| Tangible fixed assets | 22/27 | €33,766 | €16,412 | -€17,354 | -51.4% |
| Furniture and vehicles | 24 | €33,766 | €16,412 | -€17,354 | -51.4% |
| Financial fixed assets | 28 | €505 | €505 | = | 0.0% |
| Current assets | 29/58 | €435,366 | €577,751 | +€142,385 | +32.7% |
| Stocks and contracts in progress | 3 | €278,686 | €475,686 | +€197,000 | +70.7% |
| Stocks | 30/36 | €278,686 | €475,686 | +€197,000 | +70.7% |
| Amounts receivable within one year | 40/41 | €112,595 | €48,665 | -€63,930 | -56.8% |
| Trade receivables | 40 | €107,248 | €48,447 | -€58,802 | -54.8% |
| Other amounts receivable | 41 | €5,347 | €219 | -€5,128 | -95.9% |
| Cash at bank and in hand | 54/58 | €43,537 | €52,626 | +€9,089 | +20.9% |
| Deferred charges and accrued income | 490/1 | €548 | €773 | +€226 | +41.2% |
| Total equity and liabilities | 10/49 | €469,636 | €594,668 | +€125,031 | +26.6% |
| Equity | 10/15 | €345,807 | €359,777 | +€13,970 | +4.0% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €270,807 | €284,777 | +€13,970 | +5.2% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €217,107 | €217,107 | = | 0.0% |
| Distributable reserves | 133 | €28,700 | €42,670 | +€13,970 | +48.7% |
| Amounts payable | 17/49 | €123,829 | €234,891 | +€111,061 | +89.7% |
| Amounts payable within one year | 42/48 | €122,679 | €233,608 | +€110,929 | +90.4% |
| Trade debts | 44 | €1,194 | €2,635 | +€1,441 | +120.7% |
| Suppliers | 440/4 | €1,194 | €2,635 | +€1,441 | +120.7% |
| Taxes, remuneration and social security | 45 | €985 | €5,973 | +€4,988 | +506.3% |
| Taxes | 450/3 | €985 | €5,973 | +€4,988 | +506.3% |
| Other amounts payable | 47/48 | €120,500 | €225,000 | +€104,500 | +86.7% |
| Accrued charges and deferred income | 492/3 | €1,150 | €1,283 | +€133 | +11.5% |
| Non-recurring operating income | 76A | €0 | €19,000 | +€19,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,729 | €17,354 | -€13,375 | -43.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,000 | +€1,000 | |
| Other operating charges | 640/8 | €7,830 | €6,457 | -€1,373 | -17.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€12,303 | €40,462 | +€52,765 | |
| Operating profit (loss) | 9901 | -€50,861 | €15,651 | +€66,513 | |
| Financial income | 75/76B | €7 | €0 | -€7 | -100.0% |
| Recurring financial income | 75 | €7 | €0 | -€7 | -100.0% |
| Financial charges | 65/66B | €2,850 | €1,296 | -€1,554 | -54.5% |
| Recurring financial charges | 65 | €2,850 | €1,296 | -€1,554 | -54.5% |
| Profit (loss) for the period before taxes | 9903 | -€53,705 | €14,356 | +€68,060 | |
| Income taxes | 67/77 | €1,704 | €386 | -€1,318 | -77.4% |
| Profit (loss) for the period | 9904 | -€55,408 | €13,970 | +€69,378 | |
| Profit (loss) for the period to be appropriated | 9905 | -€55,408 | €13,970 | +€69,378 |
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 10 October 2026 via checked.be.