VEDITEC: 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.
VEDITEC
Largest movements
- Receivables within one year +€16,714
up €16,714 (+37.0%), from €45,186 to €61,900
of which Trade receivables: +€17,066
- Deferred charges and accrued income +€7,500
new in 2026: €7,500
- Cash -€7,288
down €7,288 (-73.4%), from €9,933 to €2,645
mainly Receivables within one year (-€16,714) and Deferred charges and accrued income (-€7,500)
- Stocks and contracts +€6,533
up €6,533 (+36.8%), from €17,750 to €24,283
of which Contracts in progress: +€6,000
- Tangible fixed assets -€5,424
down €5,424 (-27.7%), from €19,545 to €14,122
of which Plant, machinery and equipment: -€3,986
- Other debts +€18,121
up €18,121 (+230.9%), from €7,849 to €25,970
- Trade debts +€2,563
up €2,563 (+19.4%), from €13,222 to €15,784
- Debts after one year -€1,693
down €1,693 (-20.0%), from €8,469 to €6,776
- Current portion of long-term debt -€1,245
down €1,245 (-42.4%), from €2,938 to €1,693
- Staff costs +€6,771
up €6,771 (+80.6%), from €8,398 to €15,169
- Gross operating margin +€3,243
up €3,243 (+13.2%), from €24,619 to €27,862
- Financial charges -€1,306
down €1,306 (-24.3%), from €5,380 to €4,074
- Depreciation +€911
up €911 (+15.8%), from €5,752 to €6,663
From the 2025 result to the 2026 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.
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €92,415 | €110,449 | +€18,035 | +19.5% |
| Fixed assets | 21/28 | €19,545 | €14,122 | -€5,424 | -27.7% |
| Tangible fixed assets | 22/27 | €19,545 | €14,122 | -€5,424 | -27.7% |
| Plant, machinery and equipment | 23 | €6,147 | €2,161 | -€3,986 | -64.8% |
| Furniture and vehicles | 24 | €5,601 | €5,655 | +€53 | +0.9% |
| Other tangible fixed assets | 26 | €7,797 | €6,306 | -€1,491 | -19.1% |
| Current assets | 29/58 | €72,869 | €96,328 | +€23,459 | +32.2% |
| Stocks and contracts in progress | 3 | €17,750 | €24,283 | +€6,533 | +36.8% |
| Stocks | 30/36 | €17,750 | €18,283 | +€533 | +3.0% |
| Contracts in progress | 37 | - | €6,000 | +€6,000 | |
| Amounts receivable within one year | 40/41 | €45,186 | €61,900 | +€16,714 | +37.0% |
| Trade receivables | 40 | €39,094 | €56,160 | +€17,066 | +43.7% |
| Other amounts receivable | 41 | €6,092 | €5,740 | -€353 | -5.8% |
| Cash at bank and in hand | 54/58 | €9,933 | €2,645 | -€7,288 | -73.4% |
| Deferred charges and accrued income | 490/1 | - | €7,500 | +€7,500 | |
| Total equity and liabilities | 10/49 | €92,415 | €110,449 | +€18,035 | +19.5% |
| Equity | 10/15 | €31,142 | €32,023 | +€881 | +2.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €18,742 | €19,623 | +€881 | +4.7% |
| Distributable reserves | 133 | €18,742 | €19,623 | +€881 | +4.7% |
| Amounts payable | 17/49 | €61,272 | €78,426 | +€17,154 | +28.0% |
| Amounts payable after more than one year | 17 | €8,469 | €6,776 | -€1,693 | -20.0% |
| Financial debts | 170/4 | €8,469 | €6,776 | -€1,693 | -20.0% |
| Amounts payable within one year | 42/48 | €52,803 | €71,650 | +€18,847 | +35.7% |
| Current portion of amounts payable after more than one year | 42 | €2,938 | €1,693 | -€1,245 | -42.4% |
| Financial debts | 43 | €25,000 | €25,000 | = | 0.0% |
| Credit institutions | 430/8 | €25,000 | €25,000 | = | 0.0% |
| Trade debts | 44 | €13,222 | €15,784 | +€2,563 | +19.4% |
| Suppliers | 440/4 | €13,222 | €15,784 | +€2,563 | +19.4% |
| Advances received on contracts in progress | 46 | €959 | €0 | -€959 | -100.0% |
| Taxes, remuneration and social security | 45 | €2,834 | €3,203 | +€369 | +13.0% |
| Taxes | 450/3 | €1,369 | €2,555 | +€1,186 | +86.7% |
| Remuneration and social security | 454/9 | €1,466 | €648 | -€818 | -55.8% |
| Other amounts payable | 47/48 | €7,849 | €25,970 | +€18,121 | +230.9% |
| Non-recurring operating income | 76A | €800 | €0 | -€800 | -100.0% |
| Remuneration, social security and pensions | 62 | €8,398 | €15,169 | +€6,771 | +80.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,752 | €6,663 | +€911 | +15.8% |
| Other operating charges | 640/8 | €1,317 | €1,146 | -€171 | -13.0% |
| Gross operating margin | 9900 | €24,619 | €27,862 | +€3,243 | +13.2% |
| Operating profit (loss) | 9901 | €9,153 | €4,885 | -€4,267 | -46.6% |
| Financial income | 75/76B | €151 | €224 | +€73 | +48.6% |
| Recurring financial income | 75 | €151 | €224 | +€73 | +48.6% |
| Financial charges | 65/66B | €5,380 | €4,074 | -€1,306 | -24.3% |
| Recurring financial charges | 65 | €5,380 | €4,074 | -€1,306 | -24.3% |
| Profit (loss) for the period before taxes | 9903 | €3,924 | €1,036 | -€2,888 | -73.6% |
| Income taxes | 67/77 | €169 | €155 | -€14 | -8.1% |
| Profit (loss) for the period | 9904 | €3,755 | €881 | -€2,874 | -76.5% |
| Profit (loss) for the period to be appropriated | 9905 | €3,755 | €881 | -€2,874 | -76.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.