VEDI: 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.
VEDI
Largest movements
- Cash +€30,021
up €30,021 (+132.5%), from €22,649 to €52,670
mainly Net result for the year (+€44,960) and Other debts (+€1,114)
- Receivables within one year +€11,086
up €11,086 (+121.1%), from €9,151 to €20,236
of which Trade receivables: +€9,224
- Reserves +€43,294
up €43,294 (+205.4%), from €21,077 to €64,371
- Tax, wage and social debts -€2,848
no longer reported in 2025 (was €2,848)
- Trade debts -€1,246
down €1,246 (-36.0%), from €3,462 to €2,216
- Other debts +€1,114
up €1,114 (+44.0%), from €2,532 to €3,646
- Gross operating margin +€30,517
up €30,517 (+79.8%), from €38,235 to €68,752
- Taxes +€8,790
up €8,790 (+94.0%), from €9,348 to €18,138
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 | €34,919 | €75,377 | +€40,458 | +115.9% |
| Fixed assets | 21/28 | €3,119 | €2,471 | -€648 | -20.8% |
| Tangible fixed assets | 22/27 | €3,119 | €2,471 | -€648 | -20.8% |
| Furniture and vehicles | 24 | €3,119 | €2,471 | -€648 | -20.8% |
| Current assets | 29/58 | €31,800 | €72,906 | +€41,106 | +129.3% |
| Amounts receivable within one year | 40/41 | €9,151 | €20,236 | +€11,086 | +121.1% |
| Trade receivables | 40 | €9,151 | €18,374 | +€9,224 | +100.8% |
| Other amounts receivable | 41 | - | €1,862 | +€1,862 | |
| Cash at bank and in hand | 54/58 | €22,649 | €52,670 | +€30,021 | +132.5% |
| Total equity and liabilities | 10/49 | €34,919 | €75,377 | +€40,458 | +115.9% |
| Equity | 10/15 | €26,077 | €69,371 | +€43,294 | +166.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €21,077 | €64,371 | +€43,294 | +205.4% |
| Distributable reserves | 133 | €21,077 | €64,371 | +€43,294 | +205.4% |
| Amounts payable | 17/49 | €8,842 | €6,006 | -€2,836 | -32.1% |
| Amounts payable within one year | 42/48 | €8,842 | €6,006 | -€2,836 | -32.1% |
| Financial debts | 43 | - | €144 | +€144 | |
| Credit institutions | 430/8 | - | €144 | +€144 | |
| Trade debts | 44 | €3,462 | €2,216 | -€1,246 | -36.0% |
| Suppliers | 440/4 | €3,462 | €2,216 | -€1,246 | -36.0% |
| Taxes, remuneration and social security | 45 | €2,848 | - | -€2,848 | |
| Taxes | 450/3 | €2,848 | - | -€2,848 | |
| Other amounts payable | 47/48 | €2,532 | €3,646 | +€1,114 | +44.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €122 | €648 | +€526 | +430.4% |
| Other operating charges | 640/8 | €1,044 | €595 | -€449 | -43.0% |
| Gross operating margin | 9900 | €38,235 | €68,752 | +€30,517 | +79.8% |
| Operating profit (loss) | 9901 | €37,068 | €67,509 | +€30,440 | +82.1% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €4,977 | €4,411 | -€566 | -11.4% |
| Recurring financial charges | 65 | €4,977 | €4,411 | -€566 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | €32,091 | €63,098 | +€31,007 | +96.6% |
| Income taxes | 67/77 | €9,348 | €18,138 | +€8,790 | +94.0% |
| Profit (loss) for the period | 9904 | €22,743 | €44,960 | +€22,217 | +97.7% |
| Profit (loss) for the period to be appropriated | 9905 | €22,743 | €44,960 | +€22,217 | +97.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.