VEDIPRO: 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.
What changed
VEDIPRO
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€48,640
2024 · -€38,912-€9,728
Equity
-€133,825
2024 · -€85,185-€48,640
Cash
€98,898
2024 · €73,791+€25,107
Balance sheet total
€3.2m
2024 · €3.3m-€82,927
Largest movements
Assets
- Tangible fixed assets -€110,522
down €110,522 (-3.5%), from €3.2m to €3.1m
of which Land and buildings: -€110,157
Equity and liabilities
- Profit (loss) carried forward -€48,640
down €48,640 (-39.9%), from -€121,959 to -€170,599
Income statement
- Gross operating margin -€16,740
down €16,740 (-10.4%), from €161,233 to €144,493
- Other operating charges -€8,028
down €8,028 (-73.7%), from €10,899 to €2,871
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.
Result 2024
-€38,912
Gross operating margin
-€16,740
Depreciation
-€553
Other operating charges
+€8,028
Financial charges
+€289
Taxes
-€751
Result 2025
-€48,640
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.
From operations
+€75,608
Investment
-€12,068
Financing
-€38,432
Cash 2024
€73,791
From operations (derived)
+€75,608
Net result for the year
-€48,640
Depreciation
+€118,990
Receivables within one year
+€1,112
Trade debts
+€3,896
Tax, wage and social debts
-€911
Accrued charges and deferred income
+€1,160
Investment (derived)
-€12,068
Investment in fixed assets (net)
-€12,068
Financing
-€38,432
Debts after one year
-€28,865
Current portion of long-term debt
-€9,568
Cash 2025
€98,898
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,253,471 | €3,170,544 | -€82,927 | -2.5% |
| Fixed assets | 21/28 | €3,176,048 | €3,069,127 | -€106,922 | -3.4% |
| Tangible fixed assets | 22/27 | €3,173,848 | €3,063,327 | -€110,522 | -3.5% |
| Land and buildings | 22 | €3,173,148 | €3,062,991 | -€110,157 | -3.5% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €700 | €335 | -€364 | -52.1% |
| Financial fixed assets | 28 | €2,200 | €5,800 | +€3,600 | +163.6% |
| Current assets | 29/58 | €77,423 | €101,418 | +€23,995 | +31.0% |
| Amounts receivable within one year | 40/41 | €3,632 | €2,520 | -€1,112 | -30.6% |
| Trade receivables | 40 | €3,632 | €2,520 | -€1,112 | -30.6% |
| Cash at bank and in hand | 54/58 | €73,791 | €98,898 | +€25,107 | +34.0% |
| Total equity and liabilities | 10/49 | €3,253,471 | €3,170,544 | -€82,927 | -2.5% |
| Equity | 10/15 | -€85,185 | -€133,825 | -€48,640 | -57.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €18,174 | €18,174 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,624 | €1,624 | = | 0.0% |
| Distributable reserves | 133 | €16,550 | €16,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€121,959 | -€170,599 | -€48,640 | -39.9% |
| Amounts payable | 17/49 | €3,338,656 | €3,304,369 | -€34,287 | -1.0% |
| Amounts payable after more than one year | 17 | €3,310,863 | €3,281,998 | -€28,865 | -0.9% |
| Financial debts | 170/4 | €3,310,863 | €3,281,998 | -€28,865 | -0.9% |
| Amounts payable within one year | 42/48 | €20,693 | €14,111 | -€6,582 | -31.8% |
| Current portion of amounts payable after more than one year | 42 | €9,568 | - | -€9,568 | |
| Trade debts | 44 | €1,258 | €5,155 | +€3,896 | +309.7% |
| Suppliers | 440/4 | €1,258 | €5,155 | +€3,896 | +309.7% |
| Taxes, remuneration and social security | 45 | €9,867 | €8,957 | -€911 | -9.2% |
| Taxes | 450/3 | €9,867 | €8,957 | -€911 | -9.2% |
| Accrued charges and deferred income | 492/3 | €7,100 | €8,260 | +€1,160 | +16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €118,437 | €118,990 | +€553 | +0.5% |
| Other operating charges | 640/8 | €10,899 | €2,871 | -€8,028 | -73.7% |
| Gross operating margin | 9900 | €161,233 | €144,493 | -€16,740 | -10.4% |
| Operating profit (loss) | 9901 | €31,897 | €22,632 | -€9,265 | -29.0% |
| Financial income | 75/76B | - | €0 | = | |
| Recurring financial income | 75 | - | €0 | = | |
| Financial charges | 65/66B | €71,561 | €71,272 | -€289 | -0.4% |
| Recurring financial charges | 65 | €71,561 | €71,272 | -€289 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | -€39,663 | -€48,640 | -€8,977 | -22.6% |
| Income taxes | 67/77 | -€751 | - | +€751 | |
| Profit (loss) for the period | 9904 | -€38,912 | -€48,640 | -€9,728 | -25.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€38,912 | -€48,640 | -€9,728 | -25.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.