VEDIS: 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.
What changed
VEDIS
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€270,827
2024 · €199,385-€470,212
Equity
€10.0m
2024 · €10.3m-€270,827
Cash
€62,083
2024 · €52,848+€9,235
Balance sheet total
€16.7m
2024 · €17.7m-€929,868
Largest movements
Assets
- Tangible fixed assets -€473,856
down €473,856 (-4.1%), from €11.5m to €11.0m
- Receivables within one year -€398,565
down €398,565 (-24.8%), from €1.6m to €1.2m
of which Other amounts receivable: -€389,052
Equity and liabilities
- Debts after one year -€483,618
down €483,618 (-10.1%), from €4.8m to €4.3m
of which Financial debts: -€483,618
- Reserves -€348,263
down €348,263 (-5.2%), from €6.7m to €6.3m
of which Tax-exempt reserves: -€348,263
Income statement
- Financial income -€646,018
down €646,018 (-83.0%), from €778,513 to €132,494
of which Non-recurring financial income: -€500,000
- Financial charges -€134,160
down €134,160 (-46.9%), from €286,112 to €151,952
of which Non-recurring financial charges: -€94,881
- Other operating income +€70,261
up €70,261 (+9.5%), from €741,777 to €812,038
- Services and other goods +€31,257
up €31,257 (+15.6%), from €200,430 to €231,687
- Depreciation -€23,855
down €23,855 (-2.9%), from €814,405 to €790,550
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
€199,385
Turnover
-€11,538
Other operating income
+€70,261
Services and other goods
-€31,257
Staff costs
-€13,592
Depreciation
+€23,855
Other operating charges
-€4,657
Financial income
-€646,018
Financial charges
+€134,160
Taxes
-€3,309
Deferred taxes and other
+€11,883
Result 2025
-€270,827
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€806,618
Investment
-€316,694
Financing
-€480,689
Cash 2024
€52,848
From operations (derived)
+€806,618
Net result for the year
-€270,827
Depreciation
+€790,550
Receivables within one year
+€398,565
Deferred charges and accrued income
+€66,682
Provisions
-€116,088
Trade debts
+€30,826
Tax, wage and social debts
+€478
Other debts
-€87,834
Accrued charges and deferred income
-€5,734
Investment (derived)
-€316,694
Investment in fixed assets (net)
-€316,694
Financing
-€480,689
Debts after one year
-€483,618
Current portion of long-term debt
+€2,930
Cash 2025
€62,083
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,674,544 | €16,744,675 | -€929,868 | -5.3% |
| Fixed assets | 21/28 | €15,838,604 | €15,364,748 | -€473,856 | -3.0% |
| Tangible fixed assets | 22/27 | €11,452,866 | €10,979,009 | -€473,856 | -4.1% |
| Land and buildings | 22 | €11,452,866 | €10,979,009 | -€473,856 | -4.1% |
| Financial fixed assets | 28 | €4,385,738 | €4,385,738 | = | 0.0% |
| Affiliated companies | 280/1 | €4,376,437 | €4,376,437 | = | 0.0% |
| Participating interests | 280 | €4,376,437 | €4,376,437 | = | 0.0% |
| Other financial fixed assets | 284/8 | €9,302 | €9,302 | = | 0.0% |
| Shares | 284 | €9,302 | €9,302 | = | 0.0% |
| Current assets | 29/58 | €1,835,939 | €1,379,928 | -€456,012 | -24.8% |
| Amounts receivable after more than one year | 29 | €60,000 | €60,000 | = | 0.0% |
| Other amounts receivable | 291 | €60,000 | €60,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,605,672 | €1,207,107 | -€398,565 | -24.8% |
| Trade receivables | 40 | €22,720 | €13,207 | -€9,513 | -41.9% |
| Other amounts receivable | 41 | €1,582,952 | €1,193,900 | -€389,052 | -24.6% |
| Cash at bank and in hand | 54/58 | €52,848 | €62,083 | +€9,235 | +17.5% |
| Deferred charges and accrued income | 490/1 | €117,420 | €50,738 | -€66,682 | -56.8% |
| Total equity and liabilities | 10/49 | €17,674,544 | €16,744,675 | -€929,868 | -5.3% |
| Equity | 10/15 | €10,281,445 | €10,010,618 | -€270,827 | -2.6% |
| Contributions | 10/11 | €94,217 | €94,217 | = | 0.0% |
| Capital | 10 | €94,217 | €94,217 | = | 0.0% |
| Issued capital | 100 | €94,217 | €94,217 | = | 0.0% |
| Reserves | 13 | €6,695,201 | €6,346,938 | -€348,263 | -5.2% |
| Non-distributable reserves | 130/1 | €10,280 | €10,280 | = | 0.0% |
| Legal reserve | 130 | €9,474 | €9,474 | = | 0.0% |
| Other | 1319 | €806 | €806 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,439,691 | €5,091,428 | -€348,263 | -6.4% |
| Distributable reserves | 133 | €1,245,231 | €1,245,231 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,492,027 | €3,569,463 | +€77,436 | +2.2% |
| Provisions and deferred taxes | 16 | €1,774,568 | €1,658,480 | -€116,088 | -6.5% |
| Deferred taxes | 168 | €1,774,568 | €1,658,480 | -€116,088 | -6.5% |
| Amounts payable | 17/49 | €5,618,531 | €5,075,578 | -€542,953 | -9.7% |
| Amounts payable after more than one year | 17 | €4,811,665 | €4,328,046 | -€483,618 | -10.1% |
| Financial debts | 170/4 | €2,911,665 | €2,428,046 | -€483,618 | -16.6% |
| Credit institutions | 173 | €2,911,665 | €2,428,046 | -€483,618 | -16.6% |
| Other amounts payable | 178/9 | €1,900,000 | €1,900,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €741,061 | €687,460 | -€53,600 | -7.2% |
| Current portion of amounts payable after more than one year | 42 | €480,689 | €483,618 | +€2,930 | +0.6% |
| Trade debts | 44 | €50,681 | €81,507 | +€30,826 | +60.8% |
| Suppliers | 440/4 | €50,681 | €81,507 | +€30,826 | +60.8% |
| Taxes, remuneration and social security | 45 | €24,671 | €25,150 | +€478 | +1.9% |
| Taxes | 450/3 | €13,276 | €10,951 | -€2,325 | -17.5% |
| Remuneration and social security | 454/9 | €11,396 | €14,199 | +€2,803 | +24.6% |
| Other amounts payable | 47/48 | €185,019 | €97,185 | -€87,834 | -47.5% |
| Accrued charges and deferred income | 492/3 | €65,806 | €60,071 | -€5,734 | -8.7% |
| Operating income | 70/76A | €895,641 | €954,364 | +€58,723 | +6.6% |
| Turnover | 70 | €153,864 | €142,326 | -€11,538 | -7.5% |
| Other operating income | 74 | €741,777 | €812,038 | +€70,261 | +9.5% |
| Operating charges | 60/66A | €1,291,283 | €1,316,935 | +€25,651 | +2.0% |
| Services and other goods | 61 | €200,430 | €231,687 | +€31,257 | +15.6% |
| Remuneration, social security and pensions | 62 | €125,591 | €139,183 | +€13,592 | +10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €814,405 | €790,550 | -€23,855 | -2.9% |
| Other operating charges | 640/8 | €150,857 | €155,515 | +€4,657 | +3.1% |
| Operating profit (loss) | 9901 | -€395,643 | -€362,571 | +€33,072 | +8.4% |
| Financial income | 75/76B | €778,513 | €132,494 | -€646,018 | -83.0% |
| Recurring financial income | 75 | €278,513 | €132,494 | -€146,018 | -52.4% |
| Income from financial fixed assets | 750 | €219,945 | €100,070 | -€119,875 | -54.5% |
| Income from current assets | 751 | €58,565 | €28,138 | -€30,427 | -52.0% |
| Other financial income | 752/9 | €2 | €4,286 | +€4,284 | +179,248% |
| Non-recurring financial income | 76B | €500,000 | - | -€500,000 | |
| Financial charges | 65/66B | €286,112 | €151,952 | -€134,160 | -46.9% |
| Recurring financial charges | 65 | €191,231 | €151,952 | -€39,279 | -20.5% |
| Debt charges | 650 | €188,173 | €146,921 | -€41,252 | -21.9% |
| Other financial charges | 652/9 | €3,057 | €5,031 | +€1,973 | +64.5% |
| Non-recurring financial charges | 66B | €94,881 | - | -€94,881 | |
| Profit (loss) for the period before taxes | 9903 | €96,758 | -€382,028 | -€478,786 | |
| Transfer from deferred taxes | 780 | €104,204 | €116,088 | +€11,883 | +11.4% |
| Income taxes | 67/77 | €1,578 | €4,887 | +€3,309 | +210% |
| Taxes | 670/3 | €1,578 | €5,000 | +€3,422 | +217% |
| Tax adjustments and reversals of tax provisions | 77 | - | €113 | +€113 | |
| Profit (loss) for the period | 9904 | €199,385 | -€270,827 | -€470,212 | |
| Transfer from tax-exempt reserves | 789 | €312,613 | €348,263 | +€35,650 | +11.4% |
| Profit (loss) for the period to be appropriated | 9905 | €511,998 | €77,436 | -€434,561 | -84.9% |
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 18 October 2026 via checked.be.