Vedocon: 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.
Vedocon
Largest movements
- Current investments +€160,000
new in 2025: €160,000
- Cash -€133,904
down €133,904 (-53.5%), from €250,372 to €116,468
mainly Current investments (-€160,000) and Contributions, distributions and other (-€150,000)
- Receivables within one year -€18,359
down €18,359 (-63.3%), from €29,002 to €10,644
of which Trade receivables: -€16,428
- Tangible fixed assets +€3,611
up €3,611 (+12.5%), from €28,908 to €32,519
of which Furniture and vehicles: +€4,850
- Profit (loss) carried forward -€148,140
down €148,140 (-99.0%), from €149,644 to €1,504
- Other debts +€129,563
up €129,563 (+463%), from €28,000 to €157,563
- Reserves +€40,939
up €40,939 (+46.6%), from €87,860 to €128,799
- Tax, wage and social debts -€7,651
down €7,651 (-39.0%), from €19,613 to €11,962
- Gross operating margin -€54,923
down €54,923 (-44.2%), from €124,133 to €69,210
- Taxes -€16,822
down €16,822 (-49.2%), from €34,179 to €17,358
- Financial charges +€3,681
up €3,681 (+1,541%), from €239 to €3,920
- Depreciation +€2,390
up €2,390 (+117%), from €2,044 to €4,434
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 | €312,268 | €325,222 | +€12,955 | +4.1% |
| Fixed assets | 21/28 | €28,908 | €32,519 | +€3,611 | +12.5% |
| Tangible fixed assets | 22/27 | €28,908 | €32,519 | +€3,611 | +12.5% |
| Furniture and vehicles | 24 | €17,185 | €22,035 | +€4,850 | +28.2% |
| Other tangible fixed assets | 26 | €11,723 | €10,483 | -€1,239 | -10.6% |
| Current assets | 29/58 | €283,360 | €292,703 | +€9,344 | +3.3% |
| Amounts receivable within one year | 40/41 | €29,002 | €10,644 | -€18,359 | -63.3% |
| Trade receivables | 40 | €20,178 | €3,750 | -€16,428 | -81.4% |
| Other amounts receivable | 41 | €8,824 | €6,894 | -€1,930 | -21.9% |
| Current investments | 50/53 | - | €160,000 | +€160,000 | |
| Cash at bank and in hand | 54/58 | €250,372 | €116,468 | -€133,904 | -53.5% |
| Deferred charges and accrued income | 490/1 | €3,985 | €5,592 | +€1,607 | +40.3% |
| Total equity and liabilities | 10/49 | €312,268 | €325,222 | +€12,955 | +4.1% |
| Equity | 10/15 | €256,104 | €148,904 | -€107,201 | -41.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €87,860 | €128,799 | +€40,939 | +46.6% |
| Distributable reserves | 133 | €87,860 | €128,799 | +€40,939 | +46.6% |
| Profit (loss) carried forward | 14 | €149,644 | €1,504 | -€148,140 | -99.0% |
| Amounts payable | 17/49 | €56,163 | €176,318 | +€120,155 | +214% |
| Amounts payable within one year | 42/48 | €56,039 | €175,735 | +€119,696 | +214% |
| Financial debts | 43 | €1,566 | €847 | -€719 | -45.9% |
| Credit institutions | 430/8 | €1,566 | €847 | -€719 | -45.9% |
| Trade debts | 44 | €6,860 | €5,363 | -€1,497 | -21.8% |
| Suppliers | 440/4 | €6,860 | €5,363 | -€1,497 | -21.8% |
| Taxes, remuneration and social security | 45 | €19,613 | €11,962 | -€7,651 | -39.0% |
| Taxes | 450/3 | €19,613 | €11,962 | -€7,651 | -39.0% |
| Other amounts payable | 47/48 | €28,000 | €157,563 | +€129,563 | +463% |
| Accrued charges and deferred income | 492/3 | €124 | €583 | +€459 | +370% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,044 | €4,434 | +€2,390 | +117% |
| Other operating charges | 640/8 | €1,057 | €986 | -€71 | -6.7% |
| Gross operating margin | 9900 | €124,133 | €69,210 | -€54,923 | -44.2% |
| Operating profit (loss) | 9901 | €121,033 | €63,791 | -€57,242 | -47.3% |
| Financial income | 75/76B | €5 | €286 | +€281 | +5,618% |
| Recurring financial income | 75 | €5 | €286 | +€281 | +5,618% |
| Financial charges | 65/66B | €239 | €3,920 | +€3,681 | +1,541% |
| Recurring financial charges | 65 | €239 | €3,920 | +€3,681 | +1,541% |
| Profit (loss) for the period before taxes | 9903 | €120,799 | €60,157 | -€60,642 | -50.2% |
| Income taxes | 67/77 | €34,179 | €17,358 | -€16,822 | -49.2% |
| Profit (loss) for the period | 9904 | €86,620 | €42,799 | -€43,820 | -50.6% |
| Profit (loss) for the period to be appropriated | 9905 | €86,620 | €42,799 | -€43,820 | -50.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.