VEDRA: 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.
VEDRA
Largest movements
- Tangible fixed assets -€19,456
down €19,456 (-27.9%), from €69,779 to €50,323
of which Furniture and vehicles: -€17,217
- Receivables within one year +€1,788
up €1,788 (+6.6%), from €27,224 to €29,012
of which Trade receivables: +€3,458
- Profit (loss) carried forward -€11,439
down €11,439 (-46.7%), from -€24,495 to -€35,934
- Debts after one year -€4,894
down €4,894 (-18.2%), from €26,959 to €22,064
- Current portion of long-term debt -€2,336
down €2,336 (-23.2%), from €10,052 to €7,717
- Gross operating margin -€9,064
down €9,064 (-32.7%), from €27,692 to €18,629
- Depreciation +€6,540
up €6,540 (+50.6%), from €12,916 to €19,456
- Financial charges +€2,429
up €2,429 (+299.9%), from €810 to €3,239
- Other operating charges +€1,330
up €1,330 (+107.3%), from €1,239 to €2,569
- Taxes -€819
down €819 (-14.6%), from €5,624 to €4,805
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €142,882 | €124,427 | -€18,455 | -12.9% |
| Fixed assets | 21/28 | €70,079 | €50,623 | -€19,456 | -27.8% |
| Tangible fixed assets | 22/27 | €69,779 | €50,323 | -€19,456 | -27.9% |
| Plant, machinery and equipment | 23 | €5,317 | €3,078 | -€2,239 | -42.1% |
| Furniture and vehicles | 24 | €64,462 | €47,245 | -€17,217 | -26.7% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €72,803 | €73,805 | +€1,001 | +1.4% |
| Stocks and contracts in progress | 3 | €31,081 | €31,081 | = | 0.0% |
| Stocks | 30/36 | €31,081 | €31,081 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €27,224 | €29,012 | +€1,788 | +6.6% |
| Trade receivables | 40 | €9,988 | €13,446 | +€3,458 | +34.6% |
| Other amounts receivable | 41 | €17,237 | €15,567 | -€1,670 | -9.7% |
| Cash at bank and in hand | 54/58 | €12,078 | €12,642 | +€565 | +4.7% |
| Deferred charges and accrued income | 490/1 | €2,420 | €1,069 | -€1,351 | -55.8% |
| Total equity and liabilities | 10/49 | €142,882 | €124,427 | -€18,455 | -12.9% |
| Equity | 10/15 | €38,984 | €27,545 | -€11,439 | -29.3% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €1,506 | €1,506 | = | 0.0% |
| Distributable reserves | 133 | €1,506 | €1,506 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,495 | -€35,934 | -€11,439 | -46.7% |
| Amounts payable | 17/49 | €103,898 | €96,883 | -€7,015 | -6.8% |
| Amounts payable after more than one year | 17 | €26,959 | €22,064 | -€4,894 | -18.2% |
| Financial debts | 170/4 | €26,959 | €22,064 | -€4,894 | -18.2% |
| Amounts payable within one year | 42/48 | €76,939 | €74,127 | -€2,812 | -3.7% |
| Current portion of amounts payable after more than one year | 42 | €10,052 | €7,717 | -€2,336 | -23.2% |
| Trade debts | 44 | €8,295 | €7,589 | -€706 | -8.5% |
| Suppliers | 440/4 | €8,295 | €7,589 | -€706 | -8.5% |
| Advances received on contracts in progress | 46 | €5,900 | €5,900 | = | 0.0% |
| Other amounts payable | 47/48 | €52,692 | €52,922 | +€230 | +0.4% |
| Accrued charges and deferred income | 492/3 | - | €691 | +€691 | |
| Non-recurring operating income | 76A | €19,996 | - | -€19,996 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,916 | €19,456 | +€6,540 | +50.6% |
| Other operating charges | 640/8 | €1,239 | €2,569 | +€1,330 | +107.3% |
| Non-recurring operating charges | 66A | €63 | - | -€63 | |
| Gross operating margin | 9900 | €27,692 | €18,629 | -€9,064 | -32.7% |
| Operating profit (loss) | 9901 | €13,475 | -€3,396 | -€16,871 | |
| Financial income | 75/76B | €0 | €1 | +€0 | +218.2% |
| Recurring financial income | 75 | €0 | €1 | +€0 | +218.2% |
| Financial charges | 65/66B | €810 | €3,239 | +€2,429 | +299.9% |
| Recurring financial charges | 65 | €810 | €3,239 | +€2,429 | +299.9% |
| Profit (loss) for the period before taxes | 9903 | €12,665 | -€6,634 | -€19,299 | |
| Income taxes | 67/77 | €5,624 | €4,805 | -€819 | -14.6% |
| Profit (loss) for the period | 9904 | €7,041 | -€11,439 | -€18,481 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,041 | -€11,439 | -€18,481 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.