VESADATA: 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.
VESADATA
Largest movements
- Tangible fixed assets +€1,993
up €1,993 (+1,116%), from €179 to €2,172
- Receivables within one year +€726
up €726 (+5.6%), from €13,053 to €13,779
- Cash +€442
up €442 (+5.9%), from €7,476 to €7,918
mainly Net result for the year (+€2,313) and Tax, wage and social debts (+€1,082)
- Profit (loss) carried forward +€2,313
up €2,313 (+7.1%), from -€32,737 to -€30,424
- Tax, wage and social debts +€1,082
up €1,082 (+458%), from €237 to €1,319
- Advances received -€277
no longer reported in 2025 (was €277)
- Depreciation -€899
down €899 (-59.2%), from €1,518 to €619
- Gross operating margin +€484
up €484 (+15.5%), from €3,128 to €3,613
- Financial charges +€39
up €39 (+39.1%), from €99 to €137
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 | €21,077 | €24,143 | +€3,066 | +14.5% |
| Fixed assets | 21/28 | €274 | €2,172 | +€1,898 | +693% |
| Intangible fixed assets | 21 | €95 | - | -€95 | |
| Tangible fixed assets | 22/27 | €179 | €2,172 | +€1,993 | +1,116% |
| Furniture and vehicles | 24 | €179 | €2,172 | +€1,993 | +1,116% |
| Current assets | 29/58 | €20,803 | €21,971 | +€1,168 | +5.6% |
| Amounts receivable within one year | 40/41 | €13,053 | €13,779 | +€726 | +5.6% |
| Trade receivables | 40 | €13,053 | €13,779 | +€726 | +5.6% |
| Cash at bank and in hand | 54/58 | €7,476 | €7,918 | +€442 | +5.9% |
| Deferred charges and accrued income | 490/1 | €273 | €273 | = | 0.0% |
| Total equity and liabilities | 10/49 | €21,077 | €24,143 | +€3,066 | +14.5% |
| Equity | 10/15 | -€22,737 | -€20,424 | +€2,313 | +10.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,737 | -€30,424 | +€2,313 | +7.1% |
| Amounts payable | 17/49 | €43,813 | €44,567 | +€753 | +1.7% |
| Amounts payable within one year | 42/48 | €43,813 | €44,567 | +€753 | +1.7% |
| Trade debts | 44 | €1,444 | €1,500 | +€56 | +3.9% |
| Suppliers | 440/4 | €1,444 | €1,500 | +€56 | +3.9% |
| Advances received on contracts in progress | 46 | €277 | - | -€277 | |
| Taxes, remuneration and social security | 45 | €237 | €1,319 | +€1,082 | +458% |
| Taxes | 450/3 | €237 | €1,319 | +€1,082 | +458% |
| Other amounts payable | 47/48 | €41,856 | €41,748 | -€108 | -0.3% |
| Non-recurring operating income | 76A | - | €277 | +€277 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,518 | €619 | -€899 | -59.2% |
| Other operating charges | 640/8 | €578 | €544 | -€34 | -5.9% |
| Gross operating margin | 9900 | €3,128 | €3,613 | +€484 | +15.5% |
| Operating profit (loss) | 9901 | €1,033 | €2,450 | +€1,417 | +137% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €99 | €137 | +€39 | +39.1% |
| Recurring financial charges | 65 | €99 | €137 | +€39 | +39.1% |
| Profit (loss) for the period before taxes | 9903 | €934 | €2,313 | +€1,378 | +148% |
| Profit (loss) for the period | 9904 | €934 | €2,313 | +€1,378 | +148% |
| Profit (loss) for the period to be appropriated | 9905 | €934 | €2,313 | +€1,378 | +148% |
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 19 October 2026 via checked.be.