VEDRUS: 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.
VEDRUS
Largest movements
- Current investments +€613,021
up €613,021 (+105%), from €586,000 to €1.2m
- Cash -€194,139
down €194,139 (-80.7%), from €240,677 to €46,538
mainly Current investments (-€613,021) and Contributions, distributions and other (-€175,000)
- Receivables within one year +€155,951
up €155,951 (+96.8%), from €161,101 to €317,052
of which Other amounts receivable: +€150,603
- Reserves +€482,159
up €482,159 (+28.3%), from €1.7m to €2.2m
of which Distributable reserves: +€482,159
- Tax, wage and social debts +€163,318
up €163,318 (+204%), from €80,204 to €243,522
- Trade debts -€50,962
down €50,962 (-82.4%), from €61,864 to €10,902
- Gross operating margin +€73,179
up €73,179 (+7.9%), from €920,957 to €994,136
- Taxes +€59,569
up €59,569 (+24.2%), from €245,660 to €305,229
- Financial income +€45,368
up €45,368 (+56,710%), from €80 to €45,448
- Other operating charges -€14,549
down €14,549 (-53.8%), from €27,063 to €12,514
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.
Derived cash bridge
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 | €2,269,059 | €2,863,574 | +€594,515 | +26.2% |
| Fixed assets | 21/28 | €1,281,281 | €1,300,963 | +€19,682 | +1.5% |
| Tangible fixed assets | 22/27 | €1,281,281 | €1,300,963 | +€19,682 | +1.5% |
| Land and buildings | 22 | €1,244,537 | €1,280,490 | +€35,953 | +2.9% |
| Plant, machinery and equipment | 23 | €1,439 | €2,293 | +€854 | +59.3% |
| Furniture and vehicles | 24 | €35,305 | €18,180 | -€17,125 | -48.5% |
| Current assets | 29/58 | €987,778 | €1,562,611 | +€574,833 | +58.2% |
| Amounts receivable within one year | 40/41 | €161,101 | €317,052 | +€155,951 | +96.8% |
| Trade receivables | 40 | €30,097 | €35,445 | +€5,348 | +17.8% |
| Other amounts receivable | 41 | €131,004 | €281,607 | +€150,603 | +115% |
| Current investments | 50/53 | €586,000 | €1,199,021 | +€613,021 | +105% |
| Cash at bank and in hand | 54/58 | €240,677 | €46,538 | -€194,139 | -80.7% |
| Total equity and liabilities | 10/49 | €2,269,059 | €2,863,574 | +€594,515 | +26.2% |
| Equity | 10/15 | €2,126,991 | €2,609,150 | +€482,159 | +22.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,701,860 | €2,184,019 | +€482,159 | +28.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Other | 1319 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €1,700,000 | €2,182,159 | +€482,159 | +28.4% |
| Profit (loss) carried forward | 14 | €406,531 | €406,531 | = | 0.0% |
| Amounts payable | 17/49 | €142,068 | €254,424 | +€112,356 | +79.1% |
| Amounts payable within one year | 42/48 | €142,068 | €254,424 | +€112,356 | +79.1% |
| Trade debts | 44 | €61,864 | €10,902 | -€50,962 | -82.4% |
| Suppliers | 440/4 | €61,864 | €10,902 | -€50,962 | -82.4% |
| Taxes, remuneration and social security | 45 | €80,204 | €243,522 | +€163,318 | +204% |
| Taxes | 450/3 | €80,204 | €243,522 | +€163,318 | +204% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,740 | €64,620 | +€4,880 | +8.2% |
| Other operating charges | 640/8 | €27,063 | €12,514 | -€14,549 | -53.8% |
| Gross operating margin | 9900 | €920,957 | €994,136 | +€73,179 | +7.9% |
| Operating profit (loss) | 9901 | €834,154 | €917,002 | +€82,848 | +9.9% |
| Financial income | 75/76B | €80 | €45,448 | +€45,368 | +56,710% |
| Recurring financial income | 75 | €80 | €45,448 | +€45,368 | +56,710% |
| Financial charges | 65/66B | €55 | €62 | +€7 | +12.7% |
| Recurring financial charges | 65 | €55 | €62 | +€7 | +12.7% |
| Profit (loss) for the period before taxes | 9903 | €834,179 | €962,388 | +€128,209 | +15.4% |
| Income taxes | 67/77 | €245,660 | €305,229 | +€59,569 | +24.2% |
| Profit (loss) for the period | 9904 | €588,519 | €657,159 | +€68,640 | +11.7% |
| Profit (loss) for the period to be appropriated | 9905 | €588,519 | €657,159 | +€68,640 | +11.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.