VEDICO PARTNERS: 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.
VEDICO PARTNERS
Largest movements
- Receivables within one year +€42,529
up €42,529 (+137%), from €31,058 to €73,587
of which Trade receivables: +€41,938
- Tangible fixed assets -€15,962
down €15,962 (-1.4%), from €1.1m to €1.1m
of which Land and buildings: -€14,192
- Trade debts +€72,754
up €72,754 (+55.8%), from €130,427 to €203,181
- Debts after one year -€50,164
down €50,164 (-6.0%), from €840,513 to €790,349
- Gross operating margin -€19,299
down €19,299 (-32.5%), from €59,319 to €40,020
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,172,266 | €1,198,833 | +€26,567 | +2.3% |
| Fixed assets | 21/28 | €1,141,208 | €1,125,246 | -€15,962 | -1.4% |
| Tangible fixed assets | 22/27 | €1,140,376 | €1,124,414 | -€15,962 | -1.4% |
| Land and buildings | 22 | €1,129,906 | €1,115,714 | -€14,192 | -1.3% |
| Plant, machinery and equipment | 23 | €9,995 | €8,605 | -€1,390 | -13.9% |
| Furniture and vehicles | 24 | €475 | €95 | -€380 | -80.0% |
| Financial fixed assets | 28 | €832 | €832 | = | 0.0% |
| Current assets | 29/58 | €31,058 | €73,587 | +€42,529 | +137% |
| Amounts receivable within one year | 40/41 | €31,058 | €73,587 | +€42,529 | +137% |
| Trade receivables | 40 | €31,058 | €72,997 | +€41,938 | +135% |
| Other amounts receivable | 41 | - | €591 | +€591 | |
| Total equity and liabilities | 10/49 | €1,172,266 | €1,198,833 | +€26,567 | +2.3% |
| Equity | 10/15 | €20,643 | €27,285 | +€6,642 | +32.2% |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,643 | €9,285 | +€6,642 | +251% |
| Amounts payable | 17/49 | €1,151,623 | €1,171,548 | +€19,925 | +1.7% |
| Amounts payable after more than one year | 17 | €840,513 | €790,349 | -€50,164 | -6.0% |
| Financial debts | 170/4 | €840,513 | €790,349 | -€50,164 | -6.0% |
| Amounts payable within one year | 42/48 | €311,111 | €381,199 | +€70,089 | +22.5% |
| Current portion of amounts payable after more than one year | 42 | €49,393 | €50,164 | +€771 | +1.6% |
| Financial debts | 43 | €1,507 | €4,263 | +€2,756 | +183% |
| Credit institutions | 430/8 | €1,507 | €4,263 | +€2,756 | +183% |
| Trade debts | 44 | €130,427 | €203,181 | +€72,754 | +55.8% |
| Suppliers | 440/4 | €130,427 | €203,181 | +€72,754 | +55.8% |
| Taxes, remuneration and social security | 45 | €5,909 | €3,725 | -€2,184 | -37.0% |
| Taxes | 450/3 | €5,909 | €3,725 | -€2,184 | -37.0% |
| Other amounts payable | 47/48 | €123,874 | €119,866 | -€4,008 | -3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,962 | €15,962 | = | 0.0% |
| Gross operating margin | 9900 | €59,319 | €40,020 | -€19,299 | -32.5% |
| Operating profit (loss) | 9901 | €43,357 | €24,058 | -€19,299 | -44.5% |
| Financial income | 75/76B | €55 | €36 | -€18 | -33.9% |
| Recurring financial income | 75 | €55 | €36 | -€18 | -33.9% |
| Non-recurring financial income | 76B | €55 | €36 | -€18 | -33.9% |
| Financial charges | 65/66B | €15,476 | €15,630 | +€154 | +1.0% |
| Recurring financial charges | 65 | €15,444 | €15,224 | -€220 | -1.4% |
| Non-recurring financial charges | 66B | €32 | €405 | +€374 | +1,184% |
| Profit (loss) for the period before taxes | 9903 | €27,936 | €8,465 | -€19,471 | -69.7% |
| Income taxes | 67/77 | €1,903 | €1,823 | -€80 | -4.2% |
| Profit (loss) for the period | 9904 | €26,033 | €6,642 | -€19,391 | -74.5% |
| Profit (loss) for the period to be appropriated | 9905 | €26,033 | €6,642 | -€19,391 | -74.5% |
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 28 October 2026 via checked.be.