VEIDEC: 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.
VEIDEC
Largest movements
- Cash -€40,590
down €40,590 (-17.1%), from €238,017 to €197,427
mainly Trade debts (-€1.1m) and Deferred charges and accrued income (-€13,991)
- Receivables within one year -€34,357
down €34,357 (-5.4%), from €634,840 to €600,483
of which Trade receivables: -€32,147
- Deferred charges and accrued income +€13,991
up €13,991 (+240%), from €5,832 to €19,823
- Tangible fixed assets -€11,621
down €11,621 (-19.7%), from €59,122 to €47,501
of which Furniture and vehicles: -€14,279
- Trade debts -€1.1m
down €1.1m (-68.3%), from €1.5m to €488,388
- Contributions +€691,047
up €691,047 (+50.4%), from €1.4m to €2.1m
- Profit (loss) carried forward +€227,957
up €227,957 (+10.8%), from -€2.1m to -€1.9m
- Tax, wage and social debts +€59,580
up €59,580 (+40.5%), from €147,136 to €206,716
of which Remuneration and social security: +€74,362
- Staff costs -€222,701
down €222,701 (-16.9%), from €1.3m to €1.1m
- Gross operating margin +€32,357
up €32,357 (+2.4%), from €1.3m to €1.4m
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 | €947,648 | €874,827 | -€72,821 | -7.7% |
| Fixed assets | 21/28 | €68,959 | €57,094 | -€11,865 | -17.2% |
| Tangible fixed assets | 22/27 | €59,122 | €47,501 | -€11,621 | -19.7% |
| Land and buildings | 22 | - | €6,634 | +€6,634 | |
| Plant, machinery and equipment | 23 | €10,518 | €9,296 | -€1,222 | -11.6% |
| Furniture and vehicles | 24 | €35,551 | €21,273 | -€14,279 | -40.2% |
| Other tangible fixed assets | 26 | €13,053 | €10,298 | -€2,755 | -21.1% |
| Financial fixed assets | 28 | €9,837 | €9,594 | -€243 | -2.5% |
| Current assets | 29/58 | €878,689 | €817,733 | -€60,956 | -6.9% |
| Amounts receivable within one year | 40/41 | €634,840 | €600,483 | -€34,357 | -5.4% |
| Trade receivables | 40 | €630,534 | €598,387 | -€32,147 | -5.1% |
| Other amounts receivable | 41 | €4,306 | €2,096 | -€2,210 | -51.3% |
| Cash at bank and in hand | 54/58 | €238,017 | €197,427 | -€40,590 | -17.1% |
| Deferred charges and accrued income | 490/1 | €5,832 | €19,823 | +€13,991 | +240% |
| Total equity and liabilities | 10/49 | €947,648 | €874,827 | -€72,821 | -7.7% |
| Equity | 10/15 | -€743,730 | €175,274 | +€919,004 | |
| Contributions | 10/11 | €1,369,888 | €2,060,935 | +€691,047 | +50.4% |
| Contributions outside capital | 11 | €1,369,888 | - | -€1.4m | |
| Other | 1109/19 | €1,369,888 | - | -€1.4m | |
| Profit (loss) carried forward | 14 | -€2,113,618 | -€1,885,661 | +€227,957 | +10.8% |
| Amounts payable | 17/49 | €1,691,378 | €699,554 | -€991,824 | -58.6% |
| Amounts payable within one year | 42/48 | €1,689,321 | €695,104 | -€994,217 | -58.9% |
| Trade debts | 44 | €1,542,185 | €488,388 | -€1.1m | -68.3% |
| Suppliers | 440/4 | €1,542,185 | €488,388 | -€1.1m | -68.3% |
| Taxes, remuneration and social security | 45 | €147,136 | €206,716 | +€59,580 | +40.5% |
| Taxes | 450/3 | €90,447 | €75,665 | -€14,782 | -16.3% |
| Remuneration and social security | 454/9 | €56,688 | €131,050 | +€74,362 | +131% |
| Accrued charges and deferred income | 492/3 | €2,057 | €4,450 | +€2,393 | +116% |
| Remuneration, social security and pensions | 62 | €1,319,374 | €1,096,673 | -€222,701 | -16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,741 | €20,597 | -€4,143 | -16.7% |
| Other operating charges | 640/8 | €10,222 | €7,664 | -€2,559 | -25.0% |
| Gross operating margin | 9900 | €1,338,919 | €1,371,276 | +€32,357 | +2.4% |
| Operating profit (loss) | 9901 | -€15,418 | €246,342 | +€261,759 | |
| Financial income | 75/76B | €538 | €5,235 | +€4,697 | +872% |
| Recurring financial income | 75 | €538 | €5,235 | +€4,697 | +872% |
| Financial charges | 65/66B | €20,678 | €17,610 | -€3,068 | -14.8% |
| Recurring financial charges | 65 | €20,678 | €17,610 | -€3,068 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | -€35,557 | €233,967 | +€269,524 | |
| Income taxes | 67/77 | €4,282 | €6,010 | +€1,728 | +40.4% |
| Profit (loss) for the period | 9904 | -€39,839 | €227,957 | +€267,796 | |
| Profit (loss) for the period to be appropriated | 9905 | -€39,839 | €227,957 | +€267,796 |
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.