VEVADU: 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.
VEVADU
Largest movements
- Cash +€2,346
up €2,346 (+368%), from €637 to €2,983
mainly Depreciation (+€1,935) and Trade debts (+€678)
- Tangible fixed assets -€1,935
down €1,935 (-3.1%), from €62,066 to €60,131
- Trade debts +€678
up €678 (+160%), from €424 to €1,101
- Depreciation -€539
down €539 (-21.8%), from €2,474 to €1,935
- Gross operating margin -€114
down €114 (-2.8%), from €4,158 to €4,044
- Other operating charges +€68
up €68 (+3.1%), from €2,167 to €2,235
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 | €62,703 | €63,114 | +€411 | +0.7% |
| Fixed assets | 21/28 | €62,066 | €60,131 | -€1,935 | -3.1% |
| Tangible fixed assets | 22/27 | €62,066 | €60,131 | -€1,935 | -3.1% |
| Land and buildings | 22 | €62,066 | €60,131 | -€1,935 | -3.1% |
| Current assets | 29/58 | €637 | €2,983 | +€2,346 | +368% |
| Cash at bank and in hand | 54/58 | €637 | €2,983 | +€2,346 | +368% |
| Total equity and liabilities | 10/49 | €62,703 | €63,114 | +€411 | +0.7% |
| Equity | 10/15 | €26,900 | €26,731 | -€169 | -0.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,440 | €6,271 | -€169 | -2.6% |
| Amounts payable | 17/49 | €35,803 | €36,382 | +€580 | +1.6% |
| Amounts payable within one year | 42/48 | €35,803 | €36,382 | +€580 | +1.6% |
| Trade debts | 44 | €424 | €1,101 | +€678 | +160% |
| Suppliers | 440/4 | €424 | €1,101 | +€678 | +160% |
| Other amounts payable | 47/48 | €35,379 | €35,281 | -€98 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,474 | €1,935 | -€539 | -21.8% |
| Other operating charges | 640/8 | €2,167 | €2,235 | +€68 | +3.1% |
| Gross operating margin | 9900 | €4,158 | €4,044 | -€114 | -2.8% |
| Operating profit (loss) | 9901 | -€482 | -€125 | +€357 | +74.0% |
| Financial charges | 65/66B | €42 | €44 | +€1 | +2.9% |
| Recurring financial charges | 65 | €42 | €44 | +€1 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | -€525 | -€169 | +€356 | +67.8% |
| Profit (loss) for the period | 9904 | -€525 | -€169 | +€356 | +67.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€525 | -€169 | +€356 | +67.8% |
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 23 October 2026 via checked.be.