VEDIA: 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.
VEDIA
Largest movements
- Cash +€184,837
up €184,837 (+18.3%), from €1.0m to €1.2m
mainly Receivables within one year (+€178,202) and Depreciation (+€98,081)
- Receivables within one year -€178,202
down €178,202 (-41.6%), from €428,050 to €249,848
of which Trade receivables: -€175,571
- Tangible fixed assets -€30,674
down €30,674 (-12.5%), from €245,849 to €215,175
of which Plant, machinery and equipment: -€26,379
- Deferred charges and accrued income +€22,520
up €22,520 (+30.8%), from €73,073 to €95,593
- Debts within one year -€162,233
down €162,233 (-18.7%), from €866,803 to €704,569
of which Trade debts: -€238,985
- Provisions +€66,786
up €66,786 (+87.0%), from €76,791 to €143,577
- Accrued charges and deferred income +€66,253
up €66,253 (+249%), from €26,583 to €92,836
- Profit (loss) carried forward +€45,434
up €45,434 (+5.0%), from €916,630 to €962,064
- Investment grants -€28,917
down €28,917 (-34.2%), from €84,578 to €55,661
- Gross operating margin +€196,506
up €196,506 (+8.4%), from €2.3m to €2.5m
- Staff costs +€135,296
up €135,296 (+6.1%), from €2.2m to €2.3m
- Depreciation -€28,554
down €28,554 (-22.5%), from €126,635 to €98,081
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.
Derived cash bridge
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 | €2,151,619 | €2,150,301 | -€1,318 | -0.1% |
| Fixed assets | 21/28 | €245,849 | €215,375 | -€30,474 | -12.4% |
| Tangible fixed assets | 22/27 | €245,849 | €215,175 | -€30,674 | -12.5% |
| Plant, machinery and equipment | 23 | €139,909 | €113,530 | -€26,379 | -18.9% |
| Furniture and vehicles | 24 | €37,706 | €45,872 | +€8,166 | +21.7% |
| Other tangible fixed assets | 26 | €68,233 | €55,773 | -€12,461 | -18.3% |
| Financial fixed assets | 28 | €0 | €200 | +€200 | |
| Current assets | 29/58 | €1,905,771 | €1,934,926 | +€29,156 | +1.5% |
| Amounts receivable within one year | 40/41 | €428,050 | €249,848 | -€178,202 | -41.6% |
| Trade receivables | 40 | €346,189 | €170,618 | -€175,571 | -50.7% |
| Other amounts receivable | 41 | €81,861 | €79,230 | -€2,631 | -3.2% |
| Current investments | 50/53 | €394,089 | €394,089 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,010,559 | €1,195,396 | +€184,837 | +18.3% |
| Deferred charges and accrued income | 490/1 | €73,073 | €95,593 | +€22,520 | +30.8% |
| Total equity and liabilities | 10/49 | €2,151,619 | €2,150,301 | -€1,318 | -0.1% |
| Equity | 10/15 | €1,181,443 | €1,209,319 | +€27,876 | +2.4% |
| Contributions | 10/11 | €99,716 | €99,716 | = | 0.0% |
| Capital | 10 | €99,716 | €99,716 | = | 0.0% |
| Reserves | 13 | €80,520 | €91,878 | +€11,358 | +14.1% |
| Profit (loss) carried forward | 14 | €916,630 | €962,064 | +€45,434 | +5.0% |
| Investment grants | 15 | €84,578 | €55,661 | -€28,917 | -34.2% |
| Provisions and deferred taxes | 16 | €76,791 | €143,577 | +€66,786 | +87.0% |
| Provisions for liabilities and charges | 160/5 | €76,791 | €143,577 | +€66,786 | +87.0% |
| Major repairs and maintenance | 162 | €31,230 | €26,744 | -€4,487 | -14.4% |
| Other liabilities and charges | 164/5 | €45,560 | €116,833 | +€71,273 | +156% |
| Amounts payable | 17/49 | €893,385 | €797,405 | -€95,980 | -10.7% |
| Amounts payable within one year | 42/48 | €866,803 | €704,569 | -€162,233 | -18.7% |
| Trade debts | 44 | €383,548 | €144,563 | -€238,985 | -62.3% |
| Suppliers | 440/4 | €383,548 | €144,563 | -€238,985 | -62.3% |
| Taxes, remuneration and social security | 45 | €401,469 | €474,882 | +€73,413 | +18.3% |
| Taxes | 450/3 | €76,096 | €75,140 | -€956 | -1.3% |
| Remuneration and social security | 454/9 | €325,373 | €399,743 | +€74,369 | +22.9% |
| Accrued charges and deferred income | 492/3 | €26,583 | €92,836 | +€66,253 | +249% |
| Non-recurring operating income | 76A | €3,478 | €5,352 | +€1,874 | +53.9% |
| Remuneration, social security and pensions | 62 | €2,202,764 | €2,338,060 | +€135,296 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €126,635 | €98,081 | -€28,554 | -22.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€18,083 | -€2,403 | +€15,680 | +86.7% |
| Other operating charges | 640/8 | €19,946 | €3,360 | -€16,586 | -83.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €2,347,115 | €2,543,621 | +€196,506 | +8.4% |
| Operating profit (loss) | 9901 | €53,602 | €39,736 | -€13,865 | -25.9% |
| Financial income | 75/76B | €12,187 | €18,530 | +€6,344 | +52.1% |
| Recurring financial income | 75 | €12,187 | €8,634 | -€3,552 | -29.1% |
| Non-recurring financial income | 76B | €0 | €9,896 | +€9,896 | |
| Financial charges | 65/66B | €1,690 | €1,474 | -€215 | -12.7% |
| Recurring financial charges | 65 | €1,690 | €1,474 | -€215 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | €64,099 | €56,792 | -€7,306 | -11.4% |
| Profit (loss) for the period | 9904 | €64,099 | €56,792 | -€7,306 | -11.4% |
| Profit (loss) for the period to be appropriated | 9905 | €64,099 | €56,792 | -€7,306 | -11.4% |
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 21 October 2026 via checked.be.