VEDISEE: 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.
VEDISEE
Largest movements
- Receivables within one year -€9,772
down €9,772 (-99.9%), from €9,783 to €11
of which Trade receivables: -€9,772
- Cash -€8,845
down €8,845 (-31.4%), from €28,143 to €19,299
mainly Other debts (-€20,951) and Tax, wage and social debts (-€1,363)
- Deferred charges and accrued income -€1,635
down €1,635 (-24.5%), from €6,675 to €5,040
- Tangible fixed assets -€602
down €602 (-57.4%), from €1,047 to €446
- Other debts -€20,951
down €20,951 (-86.5%), from €24,232 to €3,281
- Reserves +€1,393
up €1,393 (+33.8%), from €4,126 to €5,519
- Tax, wage and social debts -€1,363
down €1,363 (-15.0%), from €9,088 to €7,725
- Gross operating margin -€38,126
down €38,126 (-84.4%), from €45,148 to €7,022
- Taxes -€913
down €913 (-33.5%), from €2,724 to €1,811
- Other operating charges +€911
up €911 (+43.0%), from €2,115 to €3,026
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 | €45,648 | €24,796 | -€20,852 | -45.7% |
| Fixed assets | 21/28 | €1,047 | €446 | -€602 | -57.4% |
| Tangible fixed assets | 22/27 | €1,047 | €446 | -€602 | -57.4% |
| Furniture and vehicles | 24 | €1,047 | €446 | -€602 | -57.4% |
| Current assets | 29/58 | €44,601 | €24,350 | -€20,251 | -45.4% |
| Amounts receivable within one year | 40/41 | €9,783 | €11 | -€9,772 | -99.9% |
| Trade receivables | 40 | €9,772 | €0 | -€9,772 | -100% |
| Other amounts receivable | 41 | €11 | €11 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €28,143 | €19,299 | -€8,845 | -31.4% |
| Deferred charges and accrued income | 490/1 | €6,675 | €5,040 | -€1,635 | -24.5% |
| Total equity and liabilities | 10/49 | €45,648 | €24,796 | -€20,852 | -45.7% |
| Equity | 10/15 | €10,326 | €11,719 | +€1,393 | +13.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €4,126 | €5,519 | +€1,393 | +33.8% |
| Distributable reserves | 133 | €4,126 | €5,519 | +€1,393 | +33.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €35,322 | €13,077 | -€22,246 | -63.0% |
| Amounts payable within one year | 42/48 | €35,322 | €13,077 | -€22,246 | -63.0% |
| Trade debts | 44 | €2,003 | €2,071 | +€68 | +3.4% |
| Suppliers | 440/4 | €2,003 | €2,071 | +€68 | +3.4% |
| Taxes, remuneration and social security | 45 | €9,088 | €7,725 | -€1,363 | -15.0% |
| Taxes | 450/3 | €9,088 | €7,725 | -€1,363 | -15.0% |
| Other amounts payable | 47/48 | €24,232 | €3,281 | -€20,951 | -86.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €870 | €602 | -€269 | -30.9% |
| Other operating charges | 640/8 | €2,115 | €3,026 | +€911 | +43.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €45,148 | €7,022 | -€38,126 | -84.4% |
| Operating profit (loss) | 9901 | €42,163 | €3,395 | -€38,768 | -91.9% |
| Financial income | 75/76B | €22 | €0 | -€22 | -100% |
| Recurring financial income | 75 | €22 | €0 | -€22 | -100% |
| Financial charges | 65/66B | €161 | €190 | +€29 | +18.1% |
| Recurring financial charges | 65 | €161 | €190 | +€29 | +18.1% |
| Profit (loss) for the period before taxes | 9903 | €42,024 | €3,205 | -€38,819 | -92.4% |
| Income taxes | 67/77 | €2,724 | €1,811 | -€913 | -33.5% |
| Profit (loss) for the period | 9904 | €39,299 | €1,393 | -€37,906 | -96.5% |
| Profit (loss) for the period to be appropriated | 9905 | €39,299 | €1,393 | -€37,906 | -96.5% |
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 23 October 2026 via checked.be.