VAD Pro: what changed
Two fiscal 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.
VAD Pro
Largest movements
- Tangible fixed assets -€42,935
no longer reported in 2024 (was €42,935)
- Cash +€3,454
up €3,454 (+39.3%), from €8,783 to €12,238
- Receivables within one year -€2,161
down €2,161 (-9.7%), from €22,192 to €20,031
of which Trade receivables: -€2,710
- Profit (loss) carried forward -€16,003
down €16,003 (-30.4%), from -€52,705 to -€68,708
- Trade debts -€12,391
down €12,391 (-47.5%), from €26,064 to €13,673
- Other debts -€11,133
down €11,133 (-14.0%), from €79,573 to €68,440
- Tax, wage and social debts -€2,212
down €2,212 (-89.4%), from €2,475 to €263
of which Remuneration and social security: -€1,274
- Gross operating margin -€24,062
down €24,062 (-88.2%), from €27,290 to €3,228
- Staff costs -€20,229
no longer reported in 2024 (was €20,229)
- Depreciation -€3,266
down €3,266 (-27.7%), from €11,795 to €8,529
- Other operating charges -€1,757
down €1,757 (-78.4%), from €2,240 to €483
- Financial charges -€882
down €882 (-81.6%), from €1,080 to €198
From the 2021 result to the 2024 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.
Cash bridge derived
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2021 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €74,007 | €32,269 | -€41,739 | -56.4% |
| Fixed assets | 21/28 | €43,031 | - | -€43,031 | |
| Tangible fixed assets | 22/27 | €42,935 | - | -€42,935 | |
| Other tangible fixed assets | 26 | €42,935 | - | -€42,935 | |
| Financial fixed assets | 28 | €96 | - | -€96 | |
| Current assets | 29/58 | €30,976 | €32,269 | +€1,293 | +4.2% |
| Amounts receivable within one year | 40/41 | €22,192 | €20,031 | -€2,161 | -9.7% |
| Trade receivables | 40 | €22,192 | €19,482 | -€2,710 | -12.2% |
| Other amounts receivable | 41 | - | €549 | +€549 | |
| Cash at bank and in hand | 54/58 | €8,783 | €12,238 | +€3,454 | +39.3% |
| Total equity and liabilities | 10/49 | €74,007 | €32,269 | -€41,739 | -56.4% |
| Equity | 10/15 | -€34,105 | -€50,108 | -€16,003 | -46.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€52,705 | -€68,708 | -€16,003 | -30.4% |
| Amounts payable | 17/49 | €108,112 | €82,377 | -€25,736 | -23.8% |
| Amounts payable within one year | 42/48 | €108,112 | €82,377 | -€25,736 | -23.8% |
| Trade debts | 44 | €26,064 | €13,673 | -€12,391 | -47.5% |
| Suppliers | 440/4 | €26,064 | €13,673 | -€12,391 | -47.5% |
| Taxes, remuneration and social security | 45 | €2,475 | €263 | -€2,212 | -89.4% |
| Taxes | 450/3 | €1,202 | €263 | -€938 | -78.1% |
| Remuneration and social security | 454/9 | €1,274 | - | -€1,274 | |
| Other amounts payable | 47/48 | €79,573 | €68,440 | -€11,133 | -14.0% |
| Remuneration, social security and pensions | 62 | €20,229 | - | -€20,229 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,795 | €8,529 | -€3,266 | -27.7% |
| Other operating charges | 640/8 | €2,240 | €483 | -€1,757 | -78.4% |
| Non-recurring operating charges | 66A | €1,700 | - | -€1,700 | |
| Gross operating margin | 9900 | €27,290 | €3,228 | -€24,062 | -88.2% |
| Operating profit (loss) | 9901 | -€8,674 | -€5,784 | +€2,890 | +33.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,080 | €198 | -€882 | -81.6% |
| Recurring financial charges | 65 | €1,080 | €198 | -€882 | -81.6% |
| Profit (loss) for the period before taxes | 9903 | -€9,753 | -€5,982 | +€3,771 | +38.7% |
| Income taxes | 67/77 | €174 | €119 | -€55 | -31.4% |
| Profit (loss) for the period | 9904 | -€9,928 | -€6,101 | +€3,826 | +38.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,928 | -€6,101 | +€3,826 | +38.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2021 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.