VEDEWE: 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.
VEDEWE
Largest movements
- Receivables within one year +€10,300
up €10,300 (+302.7%), from €3,403 to €13,703
of which Other amounts receivable: +€5,173
- Cash -€7,433
down €7,433 (-34.4%), from €21,587 to €14,154
mainly Debts after one year (-€17,231) and Tax, wage and social debts (-€11,752)
- Tangible fixed assets -€6,646
down €6,646 (-2.5%), from €261,588 to €254,942
of which Land and buildings: -€4,611
- Debts after one year -€17,231
down €17,231 (-10.6%), from €162,169 to €144,938
- Other debts +€12,360
up €12,360 (+53.1%), from €23,289 to €35,649
- Tax, wage and social debts -€11,752
no longer reported in 2025 (was €11,752)
- Profit (loss) carried forward +€6,273
up €6,273 (+14.8%), from €42,517 to €48,790
- Short-term financial debts +€4,015
up €4,015 (+120.9%), from €3,321 to €7,336
- Financial charges +€4,757
up €4,757 (+200.8%), from €2,369 to €7,126
- Gross operating margin +€4,379
up €4,379 (+14.6%), from €29,910 to €34,290
- Write-downs +€2,968
new in 2025: €2,968
- Taxes -€1,778
down €1,778 (-49.9%), from €3,565 to €1,787
- Financial income -€1,129
down €1,129 (-100.0%), from €1,130 to €0
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 | €286,920 | €284,267 | -€2,653 | -0.9% |
| Fixed assets | 21/28 | €261,588 | €254,942 | -€6,646 | -2.5% |
| Tangible fixed assets | 22/27 | €261,588 | €254,942 | -€6,646 | -2.5% |
| Land and buildings | 22 | €248,900 | €244,289 | -€4,611 | -1.9% |
| Plant, machinery and equipment | 23 | €10,044 | €8,804 | -€1,240 | -12.3% |
| Furniture and vehicles | 24 | €2,644 | €1,849 | -€795 | -30.1% |
| Current assets | 29/58 | €25,332 | €29,325 | +€3,993 | +15.8% |
| Amounts receivable within one year | 40/41 | €3,403 | €13,703 | +€10,300 | +302.7% |
| Trade receivables | 40 | €2,968 | €8,095 | +€5,127 | +172.7% |
| Other amounts receivable | 41 | €435 | €5,608 | +€5,173 | +1189.7% |
| Cash at bank and in hand | 54/58 | €21,587 | €14,154 | -€7,433 | -34.4% |
| Deferred charges and accrued income | 490/1 | €343 | €1,468 | +€1,126 | +328.6% |
| Total equity and liabilities | 10/49 | €286,920 | €284,267 | -€2,653 | -0.9% |
| Equity | 10/15 | €68,157 | €74,430 | +€6,273 | +9.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €19,440 | €19,440 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €17,580 | €17,580 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,517 | €48,790 | +€6,273 | +14.8% |
| Amounts payable | 17/49 | €218,763 | €209,837 | -€8,926 | -4.1% |
| Amounts payable after more than one year | 17 | €162,169 | €144,938 | -€17,231 | -10.6% |
| Financial debts | 170/4 | €162,169 | €144,938 | -€17,231 | -10.6% |
| Amounts payable within one year | 42/48 | €56,359 | €62,845 | +€6,486 | +11.5% |
| Current portion of amounts payable after more than one year | 42 | €16,682 | €17,231 | +€549 | +3.3% |
| Financial debts | 43 | €3,321 | €7,336 | +€4,015 | +120.9% |
| Credit institutions | 430/8 | €3,321 | €7,336 | +€4,015 | +120.9% |
| Trade debts | 44 | €1,315 | €2,628 | +€1,313 | +99.9% |
| Suppliers | 440/4 | €1,315 | €2,628 | +€1,313 | +99.9% |
| Taxes, remuneration and social security | 45 | €11,752 | - | -€11,752 | |
| Taxes | 450/3 | €11,752 | - | -€11,752 | |
| Other amounts payable | 47/48 | €23,289 | €35,649 | +€12,360 | +53.1% |
| Accrued charges and deferred income | 492/3 | €235 | €2,055 | +€1,820 | +773.9% |
| Non-recurring operating income | 76A | - | €5,427 | +€5,427 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,360 | €14,156 | -€204 | -1.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,968 | +€2,968 | |
| Other operating charges | 640/8 | €2,373 | €1,980 | -€393 | -16.6% |
| Gross operating margin | 9900 | €29,910 | €34,290 | +€4,379 | +14.6% |
| Operating profit (loss) | 9901 | €13,177 | €15,186 | +€2,008 | +15.2% |
| Financial income | 75/76B | €1,130 | €0 | -€1,129 | -100.0% |
| Recurring financial income | 75 | €1,130 | €0 | -€1,129 | -100.0% |
| Financial charges | 65/66B | €2,369 | €7,126 | +€4,757 | +200.8% |
| Recurring financial charges | 65 | €2,369 | €7,126 | +€4,757 | +200.8% |
| Profit (loss) for the period before taxes | 9903 | €11,937 | €8,060 | -€3,878 | -32.5% |
| Income taxes | 67/77 | €3,565 | €1,787 | -€1,778 | -49.9% |
| Profit (loss) for the period | 9904 | €8,372 | €6,273 | -€2,099 | -25.1% |
| Profit (loss) for the period to be appropriated | 9905 | €8,372 | €6,273 | -€2,099 | -25.1% |
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 9 October 2026 via checked.be.