Vedigo: 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.
Vedigo
Largest movements
- Receivables within one year +€46,471
up €46,471 (+60.6%), from €76,666 to €123,137
of which Trade receivables: +€38,941
- Tangible fixed assets -€39,264
down €39,264 (-44.2%), from €88,734 to €49,471
of which Furniture and vehicles: -€34,664
- Stocks and contracts +€20,425
new in 2025: €20,425
- Cash -€13,314
down €13,314 (-35.6%), from €37,404 to €24,090
mainly Receivables within one year (-€46,471) and Stocks and contracts (-€20,425)
- Financial fixed assets +€4,750
up €4,750 (+78.4%), from €6,059 to €10,809
- Trade debts +€20,647
up €20,647 (+43.0%), from €48,014 to €68,661
- Profit (loss) carried forward +€20,183
up €20,183 (+28.0%), from €72,067 to €92,251
- Debts after one year -€18,089
down €18,089 (-39.3%), from €45,977 to €27,888
- Tax, wage and social debts -€2,914
down €2,914 (-16.3%), from €17,863 to €14,949
of which Remuneration and social security: -€10,416
- Staff costs +€20,293
new in 2025: €20,293
- Gross operating margin -€15,731
down €15,731 (-17.6%), from €89,506 to €73,775
- Taxes -€13,963
down €13,963 (-65.8%), from €21,231 to €7,268
- Financial charges -€13,947
down €13,947 (-94.2%), from €14,800 to €853
- Depreciation +€9,574
up €9,574 (+81.2%), from €11,793 to €21,367
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 | €211,768 | €233,742 | +€21,973 | +10.4% |
| Fixed assets | 21/28 | €94,794 | €60,280 | -€34,514 | -36.4% |
| Tangible fixed assets | 22/27 | €88,734 | €49,471 | -€39,264 | -44.2% |
| Plant, machinery and equipment | 23 | €4,600 | - | -€4,600 | |
| Furniture and vehicles | 24 | €84,135 | €49,471 | -€34,664 | -41.2% |
| Financial fixed assets | 28 | €6,059 | €10,809 | +€4,750 | +78.4% |
| Current assets | 29/58 | €116,974 | €173,461 | +€56,487 | +48.3% |
| Stocks and contracts in progress | 3 | - | €20,425 | +€20,425 | |
| Contracts in progress | 37 | - | €20,425 | +€20,425 | |
| Amounts receivable within one year | 40/41 | €76,666 | €123,137 | +€46,471 | +60.6% |
| Trade receivables | 40 | €53,940 | €92,881 | +€38,941 | +72.2% |
| Other amounts receivable | 41 | €22,726 | €30,256 | +€7,530 | +33.1% |
| Cash at bank and in hand | 54/58 | €37,404 | €24,090 | -€13,314 | -35.6% |
| Deferred charges and accrued income | 490/1 | €2,904 | €5,809 | +€2,904 | +100% |
| Total equity and liabilities | 10/49 | €211,768 | €233,742 | +€21,973 | +10.4% |
| Equity | 10/15 | €73,067 | €93,251 | +€20,183 | +27.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €72,067 | €92,251 | +€20,183 | +28.0% |
| Amounts payable | 17/49 | €138,701 | €140,491 | +€1,790 | +1.3% |
| Amounts payable after more than one year | 17 | €45,977 | €27,888 | -€18,089 | -39.3% |
| Financial debts | 170/4 | €45,977 | €27,888 | -€18,089 | -39.3% |
| Amounts payable within one year | 42/48 | €92,724 | €112,603 | +€19,879 | +21.4% |
| Current portion of amounts payable after more than one year | 42 | €18,847 | €20,993 | +€2,146 | +11.4% |
| Trade debts | 44 | €48,014 | €68,661 | +€20,647 | +43.0% |
| Suppliers | 440/4 | €48,014 | €68,661 | +€20,647 | +43.0% |
| Taxes, remuneration and social security | 45 | €17,863 | €14,949 | -€2,914 | -16.3% |
| Taxes | 450/3 | €1,309 | €8,810 | +€7,501 | +573% |
| Remuneration and social security | 454/9 | €16,555 | €6,139 | -€10,416 | -62.9% |
| Other amounts payable | 47/48 | €8,000 | €8,000 | = | 0.0% |
| Non-recurring operating income | 76A | - | €4,046 | +€4,046 | |
| Remuneration, social security and pensions | 62 | - | €20,293 | +€20,293 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,793 | €21,367 | +€9,574 | +81.2% |
| Other operating charges | 640/8 | €4,943 | €3,389 | -€1,554 | -31.4% |
| Non-recurring operating charges | 66A | - | €434 | +€434 | |
| Gross operating margin | 9900 | €89,506 | €73,775 | -€15,731 | -17.6% |
| Operating profit (loss) | 9901 | €72,770 | €28,291 | -€44,478 | -61.1% |
| Financial income | 75/76B | €4 | €12 | +€8 | +207% |
| Recurring financial income | 75 | €4 | €12 | +€8 | +207% |
| Financial charges | 65/66B | €14,800 | €853 | -€13,947 | -94.2% |
| Recurring financial charges | 65 | €14,800 | €853 | -€13,947 | -94.2% |
| Profit (loss) for the period before taxes | 9903 | €57,974 | €27,451 | -€30,523 | -52.6% |
| Income taxes | 67/77 | €21,231 | €7,268 | -€13,963 | -65.8% |
| Profit (loss) for the period | 9904 | €36,743 | €20,183 | -€16,559 | -45.1% |
| Profit (loss) for the period to be appropriated | 9905 | €36,743 | €20,183 | -€16,559 | -45.1% |
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 15 October 2026 via checked.be.