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
- Stocks and contracts -€19,542
down €19,542 (-21.9%), from €89,050 to €69,508
- Cash +€14,809
up €14,809 (+15.3%), from €96,520 to €111,328
mainly Net result for the year (+€27,331) and Stocks and contracts (+€19,542)
- Receivables within one year +€5,162
up €5,162 (+8562.7%), from €60 to €5,223
of which Other amounts receivable: +€5,162
- Reserves +€9,626
up €9,626 (+5.0%), from €193,270 to €202,897
- Trade debts -€4,200
down €4,200 (-59.3%), from €7,079 to €2,880
- Tax, wage and social debts -€3,304
down €3,304 (-90.5%), from €3,651 to €348
- Gross operating margin -€18,061
down €18,061 (-25.2%), from €71,630 to €53,569
- Taxes -€5,054
down €5,054 (-25.3%), from €19,942 to €14,888
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 | €205,269 | €206,124 | +€855 | +0.4% |
| Fixed assets | 21/28 | €19,492 | €20,065 | +€572 | +2.9% |
| Intangible fixed assets | 21 | €219 | €0 | -€219 | -100.0% |
| Tangible fixed assets | 22/27 | €19,274 | €20,065 | +€791 | +4.1% |
| Plant, machinery and equipment | 23 | - | €6,895 | +€6,895 | |
| Furniture and vehicles | 24 | €2,658 | €23 | -€2,635 | -99.1% |
| Other tangible fixed assets | 26 | €16,616 | €13,147 | -€3,469 | -20.9% |
| Current assets | 29/58 | €185,777 | €186,059 | +€282 | +0.2% |
| Stocks and contracts in progress | 3 | €89,050 | €69,508 | -€19,542 | -21.9% |
| Stocks | 30/36 | €89,050 | €69,508 | -€19,542 | -21.9% |
| Amounts receivable within one year | 40/41 | €60 | €5,223 | +€5,162 | +8562.7% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €60 | €5,223 | +€5,162 | +8562.7% |
| Cash at bank and in hand | 54/58 | €96,520 | €111,328 | +€14,809 | +15.3% |
| Deferred charges and accrued income | 490/1 | €146 | €0 | -€146 | -100.0% |
| Total equity and liabilities | 10/49 | €205,269 | €206,124 | +€855 | +0.4% |
| Equity | 10/15 | €193,270 | €202,897 | +€9,626 | +5.0% |
| Reserves | 13 | €193,270 | €202,897 | +€9,626 | +5.0% |
| Distributable reserves | 133 | €193,270 | €202,897 | +€9,626 | +5.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €11,999 | €3,227 | -€8,772 | -73.1% |
| Amounts payable within one year | 42/48 | €11,999 | €3,227 | -€8,772 | -73.1% |
| Trade debts | 44 | €7,079 | €2,880 | -€4,200 | -59.3% |
| Suppliers | 440/4 | €7,079 | €2,880 | -€4,200 | -59.3% |
| Taxes, remuneration and social security | 45 | €3,651 | €348 | -€3,304 | -90.5% |
| Taxes | 450/3 | €3,651 | €348 | -€3,304 | -90.5% |
| Other amounts payable | 47/48 | €1,269 | €0 | -€1,269 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,544 | €6,881 | -€664 | -8.8% |
| Other operating charges | 640/8 | €1,298 | €1,721 | +€423 | +32.6% |
| Gross operating margin | 9900 | €71,630 | €53,569 | -€18,061 | -25.2% |
| Operating profit (loss) | 9901 | €62,788 | €44,968 | -€17,820 | -28.4% |
| Financial income | 75/76B | €67 | €431 | +€364 | +544.1% |
| Recurring financial income | 75 | €67 | €431 | +€364 | +544.1% |
| Financial charges | 65/66B | €3,165 | €3,179 | +€15 | +0.5% |
| Recurring financial charges | 65 | €3,165 | €3,179 | +€15 | +0.5% |
| Profit (loss) for the period before taxes | 9903 | €59,690 | €42,219 | -€17,471 | -29.3% |
| Income taxes | 67/77 | €19,942 | €14,888 | -€5,054 | -25.3% |
| Profit (loss) for the period | 9904 | €39,747 | €27,331 | -€12,417 | -31.2% |
| Profit (loss) for the period to be appropriated | 9905 | €39,747 | €27,331 | -€12,417 | -31.2% |
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 4 October 2026 via checked.be.