VEDOKA: 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.
VEDOKA
Largest movements
- Receivables within one year +€30,447
up €30,447 (+435%), from €7,001 to €37,448
of which Other amounts receivable: +€19,608
- Cash +€10,498
up €10,498 (+2,873%), from €365 to €10,863
mainly Debts after one year (+€25,287) and Current portion of long-term debt (+€16,040)
- Tangible fixed assets -€3,356
down €3,356 (-15.8%), from €21,231 to €17,875
of which Furniture and vehicles: -€3,446
- Deferred charges and accrued income -€1,106
down €1,106 (-75.5%), from €1,465 to €359
- Debts after one year +€25,287
up €25,287 (+585%), from €4,325 to €29,612
- Current portion of long-term debt +€16,040
up €16,040 (+484%), from €3,317 to €19,356
- Tax, wage and social debts -€2,272
down €2,272 (-38.1%), from €5,959 to €3,687
- Other debts -€1,501
down €1,501 (-100%), from €1,501 to €0
- Trade debts -€1,393
down €1,393 (-98.7%), from €1,411 to €18
- Gross operating margin +€5,248
up €5,248 (+69.9%), from €7,507 to €12,754
- Other operating charges +€1,863
up €1,863 (+349%), from €533 to €2,396
- Taxes +€1,625
up €1,625 (+594%), from €274 to €1,899
- Depreciation +€1,540
up €1,540 (+26.6%), from €5,797 to €7,337
- Financial charges +€506
up €506 (+171%), from €295 to €801
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 | €32,288 | €68,770 | +€36,482 | +113% |
| Fixed assets | 21/28 | €21,857 | €18,501 | -€3,356 | -15.4% |
| Tangible fixed assets | 22/27 | €21,231 | €17,875 | -€3,356 | -15.8% |
| Plant, machinery and equipment | 23 | €294 | €384 | +€90 | +30.6% |
| Furniture and vehicles | 24 | €20,938 | €17,492 | -€3,446 | -16.5% |
| Financial fixed assets | 28 | €625 | €625 | = | 0.0% |
| Current assets | 29/58 | €10,431 | €50,269 | +€39,838 | +382% |
| Stocks and contracts in progress | 3 | €1,600 | €1,600 | = | 0.0% |
| Stocks | 30/36 | €1,600 | €1,600 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €7,001 | €37,448 | +€30,447 | +435% |
| Trade receivables | 40 | €7,001 | €17,840 | +€10,839 | +155% |
| Other amounts receivable | 41 | - | €19,608 | +€19,608 | |
| Cash at bank and in hand | 54/58 | €365 | €10,863 | +€10,498 | +2,873% |
| Deferred charges and accrued income | 490/1 | €1,465 | €359 | -€1,106 | -75.5% |
| Total equity and liabilities | 10/49 | €32,288 | €68,770 | +€36,482 | +113% |
| Equity | 10/15 | €15,774 | €16,097 | +€322 | +2.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,774 | €14,097 | +€322 | +2.3% |
| Amounts payable | 17/49 | €16,513 | €52,673 | +€36,160 | +219% |
| Amounts payable after more than one year | 17 | €4,325 | €29,612 | +€25,287 | +585% |
| Financial debts | 170/4 | €4,325 | €29,612 | +€25,287 | +585% |
| Amounts payable within one year | 42/48 | €12,189 | €23,062 | +€10,873 | +89.2% |
| Current portion of amounts payable after more than one year | 42 | €3,317 | €19,356 | +€16,040 | +484% |
| Trade debts | 44 | €1,411 | €18 | -€1,393 | -98.7% |
| Suppliers | 440/4 | €1,411 | €18 | -€1,393 | -98.7% |
| Taxes, remuneration and social security | 45 | €5,959 | €3,687 | -€2,272 | -38.1% |
| Taxes | 450/3 | €5,959 | €3,687 | -€2,272 | -38.1% |
| Other amounts payable | 47/48 | €1,501 | €0 | -€1,501 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,797 | €7,337 | +€1,540 | +26.6% |
| Other operating charges | 640/8 | €533 | €2,396 | +€1,863 | +349% |
| Gross operating margin | 9900 | €7,507 | €12,754 | +€5,248 | +69.9% |
| Operating profit (loss) | 9901 | €1,176 | €3,021 | +€1,845 | +157% |
| Financial charges | 65/66B | €295 | €801 | +€506 | +171% |
| Recurring financial charges | 65 | €295 | €801 | +€506 | +171% |
| Profit (loss) for the period before taxes | 9903 | €882 | €2,221 | +€1,339 | +152% |
| Income taxes | 67/77 | €274 | €1,899 | +€1,625 | +594% |
| Profit (loss) for the period | 9904 | €608 | €322 | -€286 | -47.0% |
| Profit (loss) for the period to be appropriated | 9905 | €608 | €322 | -€286 | -47.0% |
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 14 October 2026 via checked.be.