VADA: 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.
VADA
Largest movements
- Cash -€2,904
down €2,904 (-22.2%), from €13,061 to €10,157
mainly Net result for the year (-€24,423) and Investment in fixed assets (net) (-€3,828)
- Tangible fixed assets +€2,556
up €2,556 (+114%), from €2,238 to €4,794
- Receivables within one year -€597
down €597 (-28.1%), from €2,123 to €1,526
- Profit (loss) carried forward -€24,423
down €24,423 (-532%), from -€4,594 to -€29,017
- Other debts +€23,495
up €23,495 (+112%), from €20,998 to €44,494
- Gross operating margin -€19,039
down €19,039 (-589%), from -€3,233 to -€22,273
- Depreciation +€591
up €591 (+86.7%), from €681 to €1,272
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 | €17,423 | €16,477 | -€946 | -5.4% |
| Fixed assets | 21/28 | €2,238 | €4,794 | +€2,556 | +114% |
| Tangible fixed assets | 22/27 | €2,238 | €4,794 | +€2,556 | +114% |
| Furniture and vehicles | 24 | €2,238 | €4,794 | +€2,556 | +114% |
| Current assets | 29/58 | €15,184 | €11,683 | -€3,502 | -23.1% |
| Amounts receivable within one year | 40/41 | €2,123 | €1,526 | -€597 | -28.1% |
| Trade receivables | 40 | €2,123 | €1,526 | -€597 | -28.1% |
| Cash at bank and in hand | 54/58 | €13,061 | €10,157 | -€2,904 | -22.2% |
| Total equity and liabilities | 10/49 | €17,423 | €16,477 | -€946 | -5.4% |
| Equity | 10/15 | -€3,594 | -€28,017 | -€24,423 | -680% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,594 | -€29,017 | -€24,423 | -532% |
| Amounts payable | 17/49 | €21,017 | €44,494 | +€23,477 | +112% |
| Amounts payable within one year | 42/48 | €21,017 | €44,494 | +€23,477 | +112% |
| Trade debts | 44 | €19 | - | -€19 | |
| Suppliers | 440/4 | €19 | - | -€19 | |
| Other amounts payable | 47/48 | €20,998 | €44,494 | +€23,495 | +112% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €681 | €1,272 | +€591 | +86.7% |
| Other operating charges | 640/8 | €439 | €572 | +€133 | +30.3% |
| Gross operating margin | 9900 | -€3,233 | -€22,273 | -€19,039 | -589% |
| Operating profit (loss) | 9901 | -€4,353 | -€24,117 | -€19,763 | -454% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €241 | €306 | +€65 | +27.2% |
| Recurring financial charges | 65 | €241 | €306 | +€65 | +27.2% |
| Profit (loss) for the period before taxes | 9903 | -€4,594 | -€24,423 | -€19,829 | -432% |
| Profit (loss) for the period | 9904 | -€4,594 | -€24,423 | -€19,829 | -432% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,594 | -€24,423 | -€19,829 | -432% |
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 17 October 2026 via checked.be.