VAD 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.
VAD SOLUTIONS
Largest movements
- Receivables after one year +€39,000
new in 2025: €39,000
- Cash +€16,821
up €16,821 (+69.5%), from €24,216 to €41,037
mainly Net result for the year (+€50,298) and Tax, wage and social debts (+€7,894)
- Receivables within one year +€2,115
up €2,115 (+15.2%), from €13,915 to €16,030
- Deferred charges and accrued income -€1,663
no longer reported in 2025 (was €1,663)
- Profit (loss) carried forward +€50,298
up €50,298 (+238.7%), from €21,068 to €71,365
- Tax, wage and social debts +€7,894
up €7,894 (+62.7%), from €12,581 to €20,475
- Trade debts -€2,018
no longer reported in 2025 (was €2,018)
- Gross operating margin +€37,200
up €37,200 (+133.1%), from €27,949 to €65,149
- Taxes +€7,820
up €7,820 (+132.8%), from €5,890 to €13,710
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.
Cash bridge derived
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 | €41,057 | €96,863 | +€55,806 | +135.9% |
| Fixed assets | 21/28 | €1,263 | €796 | -€467 | -37.0% |
| Tangible fixed assets | 22/27 | €1,263 | €796 | -€467 | -37.0% |
| Furniture and vehicles | 24 | €1,263 | €796 | -€467 | -37.0% |
| Current assets | 29/58 | €39,794 | €96,067 | +€56,273 | +141.4% |
| Amounts receivable after more than one year | 29 | - | €39,000 | +€39,000 | |
| Other amounts receivable | 291 | - | €39,000 | +€39,000 | |
| Amounts receivable within one year | 40/41 | €13,915 | €16,030 | +€2,115 | +15.2% |
| Trade receivables | 40 | €13,915 | €16,030 | +€2,115 | +15.2% |
| Cash at bank and in hand | 54/58 | €24,216 | €41,037 | +€16,821 | +69.5% |
| Deferred charges and accrued income | 490/1 | €1,663 | - | -€1,663 | |
| Total equity and liabilities | 10/49 | €41,057 | €96,863 | +€55,806 | +135.9% |
| Equity | 10/15 | €23,068 | €73,365 | +€50,298 | +218.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,068 | €71,365 | +€50,298 | +238.7% |
| Amounts payable | 17/49 | €17,989 | €23,497 | +€5,508 | +30.6% |
| Amounts payable within one year | 42/48 | €17,989 | €23,497 | +€5,508 | +30.6% |
| Trade debts | 44 | €2,018 | - | -€2,018 | |
| Suppliers | 440/4 | €2,018 | - | -€2,018 | |
| Taxes, remuneration and social security | 45 | €12,581 | €20,475 | +€7,894 | +62.7% |
| Taxes | 450/3 | €12,581 | €20,475 | +€7,894 | +62.7% |
| Other amounts payable | 47/48 | €3,391 | €3,022 | -€369 | -10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €139 | €467 | +€328 | +236.4% |
| Other operating charges | 640/8 | €754 | €784 | +€30 | +4.0% |
| Gross operating margin | 9900 | €27,949 | €65,149 | +€37,200 | +133.1% |
| Operating profit (loss) | 9901 | €27,056 | €63,898 | +€36,841 | +136.2% |
| Financial income | 75/76B | - | €193 | +€193 | |
| Recurring financial income | 75 | - | €193 | +€193 | |
| Financial charges | 65/66B | €99 | €83 | -€16 | -16.2% |
| Recurring financial charges | 65 | €99 | €83 | -€16 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | €26,957 | €64,007 | +€37,050 | +137.4% |
| Income taxes | 67/77 | €5,890 | €13,710 | +€7,820 | +132.8% |
| Profit (loss) for the period | 9904 | €21,068 | €50,298 | +€29,230 | +138.7% |
| Profit (loss) for the period to be appropriated | 9905 | €21,068 | €50,298 | +€29,230 | +138.7% |
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 9 October 2026 via checked.be.