VEDRO: what changed
What changed
VEDRO
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
filed annual accounts (NBB)
Net result for the year
-€47,991
2024 · -€26,536-€21,454
Equity
€354,235
2024 · €402,225-€47,991
Cash
€33,758
2024 · €52,940-€19,182
Balance sheet total
€1.1m
2024 · €1.2m-€133,269
Largest movements
Assets
- Receivables within one year -€86,658
down €86,658 (-17.5%), from €496,122 to €409,464
of which Other amounts receivable: -€89,348
- Tangible fixed assets -€49,058
down €49,058 (-22.0%), from €222,669 to €173,611
of which Furniture and vehicles: -€28,805
- Stocks and contracts +€40,721
up €40,721 (+13.7%), from €297,074 to €337,795
- Cash -€19,182
down €19,182 (-36.2%), from €52,940 to €33,758
mainly Other debts (-€116,354) and Net result for the year (-€47,991)
- Deferred charges and accrued income -€14,579
down €14,579 (-79.7%), from €18,297 to €3,718
Equity and liabilities
- Other debts -€116,354
down €116,354 (-30.1%), from €386,240 to €269,887
- Trade debts +€88,001
up €88,001 (+49.5%), from €177,611 to €265,612
- Profit (loss) carried forward -€47,991
down €47,991 (-181%), from -€26,536 to -€74,527
- Current portion of long-term debt -€31,749
down €31,749 (-53.5%), from €59,334 to €27,585
- Debts after one year -€27,585
down €27,585 (-24.2%), from €113,918 to €86,333
Income statement
- Gross operating margin -€24,628
down €24,628 (-4.7%), from €526,083 to €501,455
- Financial income +€8,867
up €8,867 (+170%), from €5,217 to €14,085
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€26,536
Gross operating margin
-€24,628
Staff costs
-€3,618
Depreciation
-€3,502
Other operating charges
-€71
Other operating items
-€1,655
Financial income
+€8,867
Financial charges
+€2,862
Taxes
+€291
Result 2025
-€47,991
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€54,406
Investment
-€14,254
Financing
-€59,334
Cash 2024
€52,940
From operations (derived)
+€54,406
Net result for the year
-€47,991
Depreciation
+€63,311
Receivables after one year
+€4,514
Stocks and contracts
-€40,721
Receivables within one year
+€86,658
Deferred charges and accrued income
+€14,579
Trade debts
+€88,001
Tax, wage and social debts
+€2,607
Other debts
-€116,354
Accrued charges and deferred income
-€199
Investment (derived)
-€14,254
Investment in fixed assets (net)
-€14,254
Financing
-€59,334
Debts after one year
-€27,585
Current portion of long-term debt
-€31,749
Cash 2025
€33,758
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,193,215 | €1,059,946 | -€133,269 | -11.2% |
| Fixed assets | 21/28 | €324,269 | €275,211 | -€49,058 | -15.1% |
| Tangible fixed assets | 22/27 | €222,669 | €173,611 | -€49,058 | -22.0% |
| Plant, machinery and equipment | 23 | €145,628 | €125,376 | -€20,252 | -13.9% |
| Furniture and vehicles | 24 | €77,041 | €48,235 | -€28,805 | -37.4% |
| Financial fixed assets | 28 | €101,600 | €101,600 | = | 0.0% |
| Current assets | 29/58 | €868,947 | €784,735 | -€84,211 | -9.7% |
| Amounts receivable after more than one year | 29 | €4,514 | - | -€4,514 | |
| Trade receivables | 290 | €4,514 | - | -€4,514 | |
| Stocks and contracts in progress | 3 | €297,074 | €337,795 | +€40,721 | +13.7% |
| Stocks | 30/36 | €297,074 | €337,795 | +€40,721 | +13.7% |
| Amounts receivable within one year | 40/41 | €496,122 | €409,464 | -€86,658 | -17.5% |
| Trade receivables | 40 | €35,725 | €38,415 | +€2,690 | +7.5% |
| Other amounts receivable | 41 | €460,398 | €371,049 | -€89,348 | -19.4% |
| Cash at bank and in hand | 54/58 | €52,940 | €33,758 | -€19,182 | -36.2% |
| Deferred charges and accrued income | 490/1 | €18,297 | €3,718 | -€14,579 | -79.7% |
| Total equity and liabilities | 10/49 | €1,193,215 | €1,059,946 | -€133,269 | -11.2% |
| Equity | 10/15 | €402,225 | €354,235 | -€47,991 | -11.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €366,761 | €366,761 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €345,561 | €345,561 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,536 | -€74,527 | -€47,991 | -181% |
| Amounts payable | 17/49 | €790,990 | €705,712 | -€85,278 | -10.8% |
| Amounts payable after more than one year | 17 | €113,918 | €86,333 | -€27,585 | -24.2% |
| Financial debts | 170/4 | €113,918 | €86,333 | -€27,585 | -24.2% |
| Amounts payable within one year | 42/48 | €669,712 | €612,218 | -€57,495 | -8.6% |
| Current portion of amounts payable after more than one year | 42 | €59,334 | €27,585 | -€31,749 | -53.5% |
| Trade debts | 44 | €177,611 | €265,612 | +€88,001 | +49.5% |
| Suppliers | 440/4 | €177,611 | €265,612 | +€88,001 | +49.5% |
| Taxes, remuneration and social security | 45 | €46,527 | €49,134 | +€2,607 | +5.6% |
| Taxes | 450/3 | €2,869 | €4,598 | +€1,729 | +60.3% |
| Remuneration and social security | 454/9 | €43,659 | €44,537 | +€878 | +2.0% |
| Other amounts payable | 47/48 | €386,240 | €269,887 | -€116,354 | -30.1% |
| Accrued charges and deferred income | 492/3 | €7,360 | €7,161 | -€199 | -2.7% |
| Remuneration, social security and pensions | 62 | €460,716 | €464,334 | +€3,618 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,809 | €63,311 | +€3,502 | +5.9% |
| Other operating charges | 640/8 | €15,468 | €15,539 | +€71 | +0.5% |
| Non-recurring operating charges | 66A | - | €1,655 | +€1,655 | |
| Gross operating margin | 9900 | €526,083 | €501,455 | -€24,628 | -4.7% |
| Operating profit (loss) | 9901 | -€9,909 | -€43,383 | -€33,475 | -338% |
| Financial income | 75/76B | €5,217 | €14,085 | +€8,867 | +170% |
| Recurring financial income | 75 | €5,217 | €14,085 | +€8,867 | +170% |
| Financial charges | 65/66B | €21,202 | €18,340 | -€2,862 | -13.5% |
| Recurring financial charges | 65 | €20,802 | €18,340 | -€2,462 | -11.8% |
| Non-recurring financial charges | 66B | €400 | - | -€400 | |
| Profit (loss) for the period before taxes | 9903 | -€25,893 | -€47,638 | -€21,745 | -84.0% |
| Income taxes | 67/77 | €643 | €352 | -€291 | -45.2% |
| Profit (loss) for the period | 9904 | -€26,536 | -€47,991 | -€21,454 | -80.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,536 | -€47,991 | -€21,454 | -80.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.