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.
VEDIS
Largest movements
- Cash -€34,694
down €34,694 (-42.9%), from €80,778 to €46,084
mainly Net result for the year (-€45,758) and Current portion of long-term debt (-€6,197)
- Tangible fixed assets -€7,962
down €7,962 (-47.5%), from €16,755 to €8,793
of which Furniture and vehicles: -€7,010
- Receivables within one year +€6,095
up €6,095 (+105%), from €5,803 to €11,898
of which Other amounts receivable: +€3,265
- Profit (loss) carried forward -€45,758
down €45,758, from €15,501 to -€30,256
- Tax, wage and social debts +€12,682
up €12,682 (+226%), from €5,601 to €18,283
of which Remuneration and social security: +€14,400
- Current portion of long-term debt -€6,197
down €6,197 (-66.6%), from €9,305 to €3,108
- Trade debts +€1,819
up €1,819 (+47.2%), from €3,856 to €5,675
- Other debts +€1,463
up €1,463 (+3.0%), from €48,591 to €50,055
- Gross operating margin -€60,875
down €60,875, from €24,552 to -€36,323
- Taxes -€3,150
no longer reported in 2025 (was €3,150)
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 | €103,885 | €67,325 | -€36,561 | -35.2% |
| Fixed assets | 21/28 | €17,305 | €9,343 | -€7,962 | -46.0% |
| Tangible fixed assets | 22/27 | €16,755 | €8,793 | -€7,962 | -47.5% |
| Plant, machinery and equipment | 23 | €8,683 | €7,731 | -€952 | -11.0% |
| Furniture and vehicles | 24 | €8,072 | €1,062 | -€7,010 | -86.8% |
| Financial fixed assets | 28 | €550 | €550 | = | 0.0% |
| Current assets | 29/58 | €86,581 | €57,982 | -€28,599 | -33.0% |
| Amounts receivable within one year | 40/41 | €5,803 | €11,898 | +€6,095 | +105% |
| Trade receivables | 40 | €4,274 | €7,105 | +€2,831 | +66.2% |
| Other amounts receivable | 41 | €1,529 | €4,794 | +€3,265 | +214% |
| Cash at bank and in hand | 54/58 | €80,778 | €46,084 | -€34,694 | -42.9% |
| Total equity and liabilities | 10/49 | €103,885 | €67,325 | -€36,561 | -35.2% |
| Equity | 10/15 | €35,961 | -€9,796 | -€45,758 | |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,501 | -€30,256 | -€45,758 | |
| Amounts payable | 17/49 | €67,924 | €77,121 | +€9,197 | +13.5% |
| Amounts payable after more than one year | 17 | €570 | - | -€570 | |
| Financial debts | 170/4 | €570 | - | -€570 | |
| Amounts payable within one year | 42/48 | €67,354 | €77,121 | +€9,767 | +14.5% |
| Current portion of amounts payable after more than one year | 42 | €9,305 | €3,108 | -€6,197 | -66.6% |
| Trade debts | 44 | €3,856 | €5,675 | +€1,819 | +47.2% |
| Suppliers | 440/4 | €3,856 | €5,675 | +€1,819 | +47.2% |
| Taxes, remuneration and social security | 45 | €5,601 | €18,283 | +€12,682 | +226% |
| Taxes | 450/3 | €4,001 | €2,283 | -€1,718 | -42.9% |
| Remuneration and social security | 454/9 | €1,600 | €16,000 | +€14,400 | +900% |
| Other amounts payable | 47/48 | €48,591 | €50,055 | +€1,463 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,038 | €7,962 | -€76 | -0.9% |
| Other operating charges | 640/8 | €714 | €680 | -€34 | -4.8% |
| Gross operating margin | 9900 | €24,552 | -€36,323 | -€60,875 | |
| Operating profit (loss) | 9901 | €15,800 | -€44,965 | -€60,765 | |
| Financial charges | 65/66B | €655 | €793 | +€138 | +21.1% |
| Recurring financial charges | 65 | €655 | €793 | +€138 | +21.1% |
| Profit (loss) for the period before taxes | 9903 | €15,145 | -€45,758 | -€60,903 | |
| Income taxes | 67/77 | €3,150 | - | -€3,150 | |
| Profit (loss) for the period | 9904 | €11,995 | -€45,758 | -€57,753 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,995 | -€45,758 | -€57,753 |
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 14 October 2026 via checked.be.