Q. VADIS SOLUTIONS: 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.
Q. VADIS SOLUTIONS
Largest movements
- Cash -€260,373
down €260,373 (-81.2%), from €320,759 to €60,386
mainly Contributions, distributions and other (-€163,988) and Other debts (-€162,801)
- Receivables within one year +€61,467
up €61,467 (+211%), from €29,190 to €90,657
of which Trade receivables: +€63,909
- Tangible fixed assets +€15,513
up €15,513 (+709%), from €2,188 to €17,700
of which Furniture and vehicles: +€15,513
- Other debts -€162,801
down €162,801 (-54.3%), from €300,000 to €137,199
- Profit (loss) carried forward -€26,789
no longer reported in 2025 (was €26,789)
- Tax, wage and social debts +€8,937
up €8,937 (+58.8%), from €15,188 to €24,125
- Gross operating margin +€14,085
up €14,085 (+8.3%), from €169,253 to €183,338
- Taxes +€3,783
up €3,783 (+9.1%), from €41,637 to €45,420
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 | €352,137 | €168,743 | -€183,394 | -52.1% |
| Fixed assets | 21/28 | €2,188 | €17,700 | +€15,513 | +709% |
| Tangible fixed assets | 22/27 | €2,188 | €17,700 | +€15,513 | +709% |
| Furniture and vehicles | 24 | €1,298 | €16,810 | +€15,513 | +1,195% |
| Other tangible fixed assets | 26 | €890 | €890 | = | 0.0% |
| Current assets | 29/58 | €349,949 | €151,042 | -€198,907 | -56.8% |
| Amounts receivable within one year | 40/41 | €29,190 | €90,657 | +€61,467 | +211% |
| Trade receivables | 40 | €9,847 | €73,756 | +€63,909 | +649% |
| Other amounts receivable | 41 | €19,343 | €16,901 | -€2,443 | -12.6% |
| Cash at bank and in hand | 54/58 | €320,759 | €60,386 | -€260,373 | -81.2% |
| Total equity and liabilities | 10/49 | €352,137 | €168,743 | -€183,394 | -52.1% |
| Equity | 10/15 | €30,489 | €3,700 | -€26,789 | -87.9% |
| Contributions | 10/11 | €3,700 | €3,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,789 | - | -€26,789 | |
| Amounts payable | 17/49 | €321,648 | €165,043 | -€156,605 | -48.7% |
| Amounts payable within one year | 42/48 | €321,648 | €165,043 | -€156,605 | -48.7% |
| Trade debts | 44 | €6,460 | €3,719 | -€2,742 | -42.4% |
| Suppliers | 440/4 | €6,460 | €3,719 | -€2,742 | -42.4% |
| Taxes, remuneration and social security | 45 | €15,188 | €24,125 | +€8,937 | +58.8% |
| Taxes | 450/3 | €15,188 | €24,125 | +€8,937 | +58.8% |
| Other amounts payable | 47/48 | €300,000 | €137,199 | -€162,801 | -54.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €630 | €952 | +€322 | +51.2% |
| Other operating charges | 640/8 | €712 | €1,645 | +€934 | +131% |
| Gross operating margin | 9900 | €169,253 | €183,338 | +€14,085 | +8.3% |
| Operating profit (loss) | 9901 | €167,912 | €180,741 | +€12,829 | +7.6% |
| Financial income | 75/76B | €1,227 | €2,618 | +€1,390 | +113% |
| Recurring financial income | 75 | €1,227 | €2,618 | +€1,390 | +113% |
| Financial charges | 65/66B | €838 | €739 | -€99 | -11.8% |
| Recurring financial charges | 65 | €838 | €739 | -€99 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €168,301 | €182,619 | +€14,319 | +8.5% |
| Income taxes | 67/77 | €41,637 | €45,420 | +€3,783 | +9.1% |
| Profit (loss) for the period | 9904 | €126,664 | €137,199 | +€10,535 | +8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €126,664 | €137,199 | +€10,535 | +8.3% |
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 27 October 2026 via checked.be.