VEVEDEA: 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.
VEVEDEA
Largest movements
- Cash -€48,125
down €48,125 (-54.4%), from €88,546 to €40,420
mainly Other debts (-€35,609) and Net result for the year (-€31,771)
- Deferred charges and accrued income -€17,402
down €17,402 (-99.3%), from €17,518 to €116
- Receivables within one year -€7,858
down €7,858 (-61.5%), from €12,770 to €4,912
- Tangible fixed assets -€4,307
down €4,307 (-29.9%), from €14,425 to €10,117
of which Other tangible fixed assets: -€2,196
- Intangible fixed assets +€2,179
new in 2025: €2,179
- Other debts -€35,609
down €35,609 (-94.9%), from €37,513 to €1,904
- Profit (loss) carried forward -€31,771
down €31,771, from €6,903 to -€24,868
- Tax, wage and social debts -€10,677
down €10,677 (-71.6%), from €14,912 to €4,236
- Trade debts +€2,542
up €2,542 (+22.0%), from €11,531 to €14,073
- Gross operating margin -€31,368
down €31,368, from €8,506 to -€22,863
- Financial income -€2,650
no longer reported in 2025 (was €2,650)
- Depreciation +€970
up €970 (+27.8%), from €3,483 to €4,453
- Taxes -€884
down €884 (-73.2%), from €1,206 to €323
- Financial charges +€776
up €776 (+47.0%), from €1,651 to €2,427
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 | €133,259 | €57,744 | -€75,514 | -56.7% |
| Fixed assets | 21/28 | €14,425 | €12,296 | -€2,128 | -14.8% |
| Intangible fixed assets | 21 | - | €2,179 | +€2,179 | |
| Tangible fixed assets | 22/27 | €14,425 | €10,117 | -€4,307 | -29.9% |
| Furniture and vehicles | 24 | €3,067 | €956 | -€2,111 | -68.8% |
| Other tangible fixed assets | 26 | €11,357 | €9,161 | -€2,196 | -19.3% |
| Current assets | 29/58 | €118,834 | €45,448 | -€73,386 | -61.8% |
| Amounts receivable within one year | 40/41 | €12,770 | €4,912 | -€7,858 | -61.5% |
| Trade receivables | 40 | €12,770 | €4,912 | -€7,858 | -61.5% |
| Cash at bank and in hand | 54/58 | €88,546 | €40,420 | -€48,125 | -54.4% |
| Deferred charges and accrued income | 490/1 | €17,518 | €116 | -€17,402 | -99.3% |
| Total equity and liabilities | 10/49 | €133,259 | €57,744 | -€75,514 | -56.7% |
| Equity | 10/15 | €69,303 | €37,532 | -€31,771 | -45.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €50,000 | €50,000 | = | 0.0% |
| Distributable reserves | 133 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,903 | -€24,868 | -€31,771 | |
| Amounts payable | 17/49 | €63,956 | €20,213 | -€43,743 | -68.4% |
| Amounts payable within one year | 42/48 | €63,956 | €20,213 | -€43,743 | -68.4% |
| Trade debts | 44 | €11,531 | €14,073 | +€2,542 | +22.0% |
| Suppliers | 440/4 | €11,531 | €14,073 | +€2,542 | +22.0% |
| Taxes, remuneration and social security | 45 | €14,912 | €4,236 | -€10,677 | -71.6% |
| Taxes | 450/3 | €14,912 | €4,236 | -€10,677 | -71.6% |
| Other amounts payable | 47/48 | €37,513 | €1,904 | -€35,609 | -94.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,483 | €4,453 | +€970 | +27.8% |
| Other operating charges | 640/8 | €1,692 | €1,706 | +€14 | +0.8% |
| Gross operating margin | 9900 | €8,506 | -€22,863 | -€31,368 | |
| Operating profit (loss) | 9901 | €3,331 | -€29,022 | -€32,353 | |
| Financial income | 75/76B | €2,650 | - | -€2,650 | |
| Recurring financial income | 75 | €2,650 | - | -€2,650 | |
| Financial charges | 65/66B | €1,651 | €2,427 | +€776 | +47.0% |
| Recurring financial charges | 65 | €1,651 | €2,427 | +€776 | +47.0% |
| Profit (loss) for the period before taxes | 9903 | €4,330 | -€31,448 | -€35,778 | |
| Income taxes | 67/77 | €1,206 | €323 | -€884 | -73.2% |
| Profit (loss) for the period | 9904 | €3,123 | -€31,771 | -€34,895 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,123 | -€31,771 | -€34,895 |
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.