VEDMED: 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.
VEDMED
Largest movements
- Tangible fixed assets -€33,745
down €33,745 (-7.4%), from €457,107 to €423,362
of which Land and buildings: -€17,741
- Cash +€13,425
up €13,425 (+173.3%), from €7,745 to €21,170
mainly Depreciation (+€33,745) and Current portion of long-term debt (+€632)
- Debts after one year -€18,292
down €18,292 (-4.3%), from €428,015 to €409,722
- Gross operating margin +€8,346
up €8,346 (+20.3%), from €41,064 to €49,411
- Other operating charges +€824
up €824 (+42.2%), from €1,954 to €2,777
- Financial charges -€620
down €620 (-3.8%), from €16,108 to €15,488
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €465,231 | €444,918 | -€20,313 | -4.4% |
| Fixed assets | 21/28 | €457,107 | €423,362 | -€33,745 | -7.4% |
| Tangible fixed assets | 22/27 | €457,107 | €423,362 | -€33,745 | -7.4% |
| Land and buildings | 22 | €316,610 | €298,869 | -€17,741 | -5.6% |
| Plant, machinery and equipment | 23 | €140,497 | €124,492 | -€16,005 | -11.4% |
| Current assets | 29/58 | €8,124 | €21,556 | +€13,432 | +165.3% |
| Cash at bank and in hand | 54/58 | €7,745 | €21,170 | +€13,425 | +173.3% |
| Deferred charges and accrued income | 490/1 | €379 | €386 | +€7 | +1.8% |
| Total equity and liabilities | 10/49 | €465,231 | €444,918 | -€20,313 | -4.4% |
| Equity | 10/15 | -€40,496 | -€43,096 | -€2,600 | -6.4% |
| Contributions | 10/11 | €2,250 | €2,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,746 | -€45,346 | -€2,600 | -6.1% |
| Amounts payable | 17/49 | €505,728 | €488,015 | -€17,713 | -3.5% |
| Amounts payable after more than one year | 17 | €428,015 | €409,722 | -€18,292 | -4.3% |
| Financial debts | 170/4 | €428,015 | €409,722 | -€18,292 | -4.3% |
| Amounts payable within one year | 42/48 | €77,713 | €78,292 | +€579 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | €17,660 | €18,292 | +€632 | +3.6% |
| Trade debts | 44 | €53 | - | -€53 | |
| Suppliers | 440/4 | €53 | - | -€53 | |
| Other amounts payable | 47/48 | €60,000 | €60,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,386 | €33,745 | +€359 | +1.1% |
| Other operating charges | 640/8 | €1,954 | €2,777 | +€824 | +42.2% |
| Gross operating margin | 9900 | €41,064 | €49,411 | +€8,346 | +20.3% |
| Operating profit (loss) | 9901 | €5,724 | €12,888 | +€7,163 | +125.1% |
| Financial charges | 65/66B | €16,108 | €15,488 | -€620 | -3.8% |
| Recurring financial charges | 65 | €16,108 | €15,488 | -€620 | -3.8% |
| Profit (loss) for the period before taxes | 9903 | -€10,383 | -€2,600 | +€7,783 | +75.0% |
| Profit (loss) for the period | 9904 | -€10,383 | -€2,600 | +€7,783 | +75.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,383 | -€2,600 | +€7,783 | +75.0% |
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 5 October 2026 via checked.be.