Vedetski: 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.
Vedetski
Largest movements
- Receivables within one year -€4,545
down €4,545 (-34.8%), from €13,044 to €8,499
of which Trade receivables: -€4,681
- Tangible fixed assets -€2,998
down €2,998 (-46.2%), from €6,491 to €3,493
of which Plant, machinery and equipment: -€1,987
- Cash +€2,058
up €2,058 (+21.3%), from €9,661 to €11,719
mainly Receivables within one year (+€4,545) and Investment in fixed assets (net) (+€2,187)
- Deferred charges and accrued income -€611
down €611 (-100.0%), from €611 to €0
- Profit (loss) carried forward -€6,538
down €6,538 (-31.8%), from €20,553 to €14,015
- Trade debts +€1,609
up €1,609 (+77.4%), from €2,077 to €3,686
- Short-term financial debts -€647
down €647 (-89.2%), from €726 to €79
- Tax, wage and social debts -€533
down €533 (-58.7%), from €908 to €375
- Gross operating margin -€32,071
down €32,071, from €28,811 to -€3,260
- Taxes -€6,029
down €6,029 (-94.1%), from €6,408 to €379
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 | €30,282 | €23,987 | -€6,295 | -20.8% |
| Fixed assets | 21/28 | €6,966 | €3,768 | -€3,198 | -45.9% |
| Tangible fixed assets | 22/27 | €6,491 | €3,493 | -€2,998 | -46.2% |
| Plant, machinery and equipment | 23 | €1,987 | €0 | -€1,987 | -100.0% |
| Furniture and vehicles | 24 | €3,434 | €2,659 | -€776 | -22.6% |
| Other tangible fixed assets | 26 | €1,070 | €834 | -€235 | -22.0% |
| Financial fixed assets | 28 | €475 | €275 | -€200 | -42.1% |
| Current assets | 29/58 | €23,316 | €20,219 | -€3,097 | -13.3% |
| Amounts receivable within one year | 40/41 | €13,044 | €8,499 | -€4,545 | -34.8% |
| Trade receivables | 40 | €12,481 | €7,800 | -€4,681 | -37.5% |
| Other amounts receivable | 41 | €563 | €699 | +€136 | +24.2% |
| Cash at bank and in hand | 54/58 | €9,661 | €11,719 | +€2,058 | +21.3% |
| Deferred charges and accrued income | 490/1 | €611 | €0 | -€611 | -100.0% |
| Total equity and liabilities | 10/49 | €30,282 | €23,987 | -€6,295 | -20.8% |
| Equity | 10/15 | €24,553 | €18,015 | -€6,538 | -26.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,553 | €14,015 | -€6,538 | -31.8% |
| Amounts payable | 17/49 | €5,729 | €5,972 | +€243 | +4.2% |
| Amounts payable within one year | 42/48 | €5,729 | €5,972 | +€243 | +4.2% |
| Financial debts | 43 | €726 | €79 | -€647 | -89.2% |
| Other loans | 439 | €726 | €79 | -€647 | -89.2% |
| Trade debts | 44 | €2,077 | €3,686 | +€1,609 | +77.4% |
| Suppliers | 440/4 | €2,077 | €3,686 | +€1,609 | +77.4% |
| Taxes, remuneration and social security | 45 | €908 | €375 | -€533 | -58.7% |
| Taxes | 450/3 | €908 | €375 | -€533 | -58.7% |
| Other amounts payable | 47/48 | €2,018 | €1,833 | -€185 | -9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,020 | €1,011 | -€9 | -0.9% |
| Other operating charges | 640/8 | - | €50 | +€50 | |
| Non-recurring operating charges | 66A | - | €1,987 | +€1,987 | |
| Gross operating margin | 9900 | €28,811 | -€3,260 | -€32,071 | |
| Operating profit (loss) | 9901 | €27,791 | -€6,308 | -€34,099 | |
| Financial income | 75/76B | €204 | €237 | +€33 | +16.2% |
| Recurring financial income | 75 | €204 | €237 | +€33 | +16.2% |
| Financial charges | 65/66B | €175 | €88 | -€88 | -49.9% |
| Recurring financial charges | 65 | €175 | €88 | -€88 | -49.9% |
| Profit (loss) for the period before taxes | 9903 | €27,819 | -€6,159 | -€33,978 | |
| Income taxes | 67/77 | €6,408 | €379 | -€6,029 | -94.1% |
| Profit (loss) for the period | 9904 | €21,412 | -€6,538 | -€27,950 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,412 | -€6,538 | -€27,950 |
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 1 October 2026 via checked.be.