VEDICON: 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.
VEDICON
Largest movements
- Receivables within one year -€56,957
down €56,957 (-37.5%), from €151,816 to €94,859
of which Other amounts receivable: -€48,547
- Cash +€52,793
up €52,793 (+37.4%), from €141,152 to €193,945
mainly Net result for the year (+€151,651) and Other debts (+€65,165)
- Tangible fixed assets -€38,282
down €38,282 (-4.2%), from €911,287 to €873,005
of which Land and buildings: -€21,791
- Other debts +€65,165
up €65,165 (+4384.9%), from €1,486 to €66,651
- Debts after one year -€60,727
down €60,727 (-10.2%), from €595,107 to €534,380
of which Financial debts: -€60,727
- Reserves -€40,000
down €40,000 (-4.7%), from €857,000 to €817,000
- Gross operating margin +€18,793
up €18,793 (+7.1%), from €266,515 to €285,309
- Depreciation +€16,052
up €16,052 (+72.2%), from €22,230 to €38,282
- Other operating charges +€4,988
up €4,988 (+205.2%), from €2,431 to €7,419
- Taxes -€3,873
down €3,873 (-5.6%), from €68,986 to €65,113
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 | €1,566,390 | €1,525,304 | -€41,086 | -2.6% |
| Fixed assets | 21/28 | €1,271,287 | €1,233,005 | -€38,282 | -3.0% |
| Tangible fixed assets | 22/27 | €911,287 | €873,005 | -€38,282 | -4.2% |
| Land and buildings | 22 | €834,160 | €812,369 | -€21,791 | -2.6% |
| Plant, machinery and equipment | 23 | €420 | €321 | -€99 | -23.6% |
| Furniture and vehicles | 24 | €76,688 | €60,315 | -€16,372 | -21.3% |
| Other tangible fixed assets | 26 | €19 | - | -€19 | |
| Financial fixed assets | 28 | €360,000 | €360,000 | = | 0.0% |
| Current assets | 29/58 | €295,103 | €292,298 | -€2,804 | -1.0% |
| Amounts receivable within one year | 40/41 | €151,816 | €94,859 | -€56,957 | -37.5% |
| Trade receivables | 40 | €71,330 | €62,920 | -€8,410 | -11.8% |
| Other amounts receivable | 41 | €80,486 | €31,939 | -€48,547 | -60.3% |
| Cash at bank and in hand | 54/58 | €141,152 | €193,945 | +€52,793 | +37.4% |
| Deferred charges and accrued income | 490/1 | €2,134 | €3,494 | +€1,360 | +63.8% |
| Total equity and liabilities | 10/49 | €1,566,390 | €1,525,304 | -€41,086 | -2.6% |
| Equity | 10/15 | €869,400 | €829,400 | -€40,000 | -4.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €857,000 | €817,000 | -€40,000 | -4.7% |
| Distributable reserves | 133 | €857,000 | €817,000 | -€40,000 | -4.7% |
| Amounts payable | 17/49 | €696,990 | €695,904 | -€1,086 | -0.2% |
| Amounts payable after more than one year | 17 | €595,107 | €534,380 | -€60,727 | -10.2% |
| Financial debts | 170/4 | €513,307 | €452,580 | -€60,727 | -11.8% |
| Other amounts payable | 178/9 | €81,800 | €81,800 | = | 0.0% |
| Amounts payable within one year | 42/48 | €95,237 | €154,361 | +€59,124 | +62.1% |
| Current portion of amounts payable after more than one year | 42 | €58,812 | €60,727 | +€1,914 | +3.3% |
| Trade debts | 44 | €9,875 | €4,178 | -€5,696 | -57.7% |
| Suppliers | 440/4 | €9,875 | €4,178 | -€5,696 | -57.7% |
| Taxes, remuneration and social security | 45 | €25,064 | €22,805 | -€2,259 | -9.0% |
| Taxes | 450/3 | €25,064 | €22,805 | -€2,259 | -9.0% |
| Other amounts payable | 47/48 | €1,486 | €66,651 | +€65,165 | +4384.9% |
| Accrued charges and deferred income | 492/3 | €6,646 | €7,163 | +€516 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,230 | €38,282 | +€16,052 | +72.2% |
| Other operating charges | 640/8 | €2,431 | €7,419 | +€4,988 | +205.2% |
| Gross operating margin | 9900 | €266,515 | €285,309 | +€18,793 | +7.1% |
| Operating profit (loss) | 9901 | €241,854 | €239,608 | -€2,247 | -0.9% |
| Financial income | 75/76B | €3,315 | €1,487 | -€1,828 | -55.1% |
| Recurring financial income | 75 | €3,315 | €1,487 | -€1,828 | -55.1% |
| Financial charges | 65/66B | €23,697 | €24,331 | +€633 | +2.7% |
| Recurring financial charges | 65 | €23,697 | €24,331 | +€633 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | €221,472 | €216,764 | -€4,708 | -2.1% |
| Income taxes | 67/77 | €68,986 | €65,113 | -€3,873 | -5.6% |
| Profit (loss) for the period | 9904 | €152,486 | €151,651 | -€835 | -0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €152,486 | €151,651 | -€835 | -0.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.