VADAGROUP: 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.
VADAGROUP
Largest movements
- Cash +€84,381
up €84,381 (+72.5%), from €116,463 to €200,844
mainly Net result for the year (+€445,127) and Trade debts (+€17,589)
- Receivables within one year +€66,170
up €66,170 (+15.4%), from €429,027 to €495,197
of which Other amounts receivable: +€305,932
- Reserves +€445,127
up €445,127 (+66.0%), from €674,037 to €1.1m
of which Distributable reserves: +€445,127
- Debts after one year -€313,671
down €313,671 (-13.6%), from €2.3m to €2.0m
- Financial income +€202,159
up €202,159 (+200%), from €101,242 to €303,401
- Staff costs +€56,690
up €56,690 (+261%), from €21,694 to €78,384
- Taxes -€25,633
down €25,633 (-47.2%), from €54,356 to €28,722
- Gross operating margin +€5,981
up €5,981 (+2.0%), from €297,141 to €303,123
- Financial charges -€4,350
down €4,350 (-8.1%), from €53,736 to €49,386
From the 2023 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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,540,720 | €3,700,566 | +€159,847 | +4.5% |
| Fixed assets | 21/28 | €2,944,280 | €2,950,378 | +€6,098 | +0.2% |
| Tangible fixed assets | 22/27 | €5,280 | €11,378 | +€6,098 | +115% |
| Plant, machinery and equipment | 23 | €1,148 | €742 | -€405 | -35.3% |
| Furniture and vehicles | 24 | €4,132 | €10,636 | +€6,504 | +157% |
| Financial fixed assets | 28 | €2,939,000 | €2,939,000 | = | 0.0% |
| Current assets | 29/58 | €596,440 | €750,188 | +€153,748 | +25.8% |
| Amounts receivable within one year | 40/41 | €429,027 | €495,197 | +€66,170 | +15.4% |
| Trade receivables | 40 | €334,129 | €94,366 | -€239,762 | -71.8% |
| Other amounts receivable | 41 | €94,899 | €400,831 | +€305,932 | +322% |
| Cash at bank and in hand | 54/58 | €116,463 | €200,844 | +€84,381 | +72.5% |
| Deferred charges and accrued income | 490/1 | €50,950 | €54,148 | +€3,198 | +6.3% |
| Total equity and liabilities | 10/49 | €3,540,720 | €3,700,566 | +€159,847 | +4.5% |
| Equity | 10/15 | €737,037 | €1,182,164 | +€445,127 | +60.4% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Capital | 10 | €63,000 | €63,000 | = | 0.0% |
| Issued capital | 100 | €63,000 | €63,000 | = | 0.0% |
| Reserves | 13 | €674,037 | €1,119,164 | +€445,127 | +66.0% |
| Non-distributable reserves | 130/1 | €6,300 | €6,300 | = | 0.0% |
| Legal reserve | 130 | €6,300 | €6,300 | = | 0.0% |
| Distributable reserves | 133 | €667,737 | €1,112,864 | +€445,127 | +66.7% |
| Amounts payable | 17/49 | €2,803,683 | €2,518,403 | -€285,280 | -10.2% |
| Amounts payable after more than one year | 17 | €2,305,536 | €1,991,865 | -€313,671 | -13.6% |
| Financial debts | 170/4 | €2,305,536 | €1,991,865 | -€313,671 | -13.6% |
| Amounts payable within one year | 42/48 | €451,365 | €484,453 | +€33,088 | +7.3% |
| Current portion of amounts payable after more than one year | 42 | €71,221 | €71,990 | +€769 | +1.1% |
| Financial debts | 43 | - | €13,502 | +€13,502 | |
| Credit institutions | 430/8 | - | €13,502 | +€13,502 | |
| Trade debts | 44 | €11,898 | €29,487 | +€17,589 | +148% |
| Suppliers | 440/4 | €11,898 | €29,487 | +€17,589 | +148% |
| Taxes, remuneration and social security | 45 | €172,047 | €164,445 | -€7,602 | -4.4% |
| Taxes | 450/3 | €153,576 | €137,549 | -€16,026 | -10.4% |
| Remuneration and social security | 454/9 | €18,471 | €26,896 | +€8,424 | +45.6% |
| Other amounts payable | 47/48 | €196,200 | €205,029 | +€8,829 | +4.5% |
| Accrued charges and deferred income | 492/3 | €46,782 | €42,085 | -€4,697 | -10.0% |
| Remuneration, social security and pensions | 62 | €21,694 | €78,384 | +€56,690 | +261% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,527 | €2,542 | +€1,014 | +66.4% |
| Other operating charges | 640/8 | €1,344 | €2,361 | +€1,017 | +75.7% |
| Gross operating margin | 9900 | €297,141 | €303,123 | +€5,981 | +2.0% |
| Operating profit (loss) | 9901 | €272,576 | €219,835 | -€52,741 | -19.3% |
| Financial income | 75/76B | €101,242 | €303,401 | +€202,159 | +200% |
| Recurring financial income | 75 | €101,242 | €303,401 | +€202,159 | +200% |
| Financial charges | 65/66B | €53,736 | €49,386 | -€4,350 | -8.1% |
| Recurring financial charges | 65 | €53,736 | €49,386 | -€4,350 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | €320,081 | €473,849 | +€153,768 | +48.0% |
| Income taxes | 67/77 | €54,356 | €28,722 | -€25,633 | -47.2% |
| Profit (loss) for the period | 9904 | €265,726 | €445,127 | +€179,401 | +67.5% |
| Profit (loss) for the period to be appropriated | 9905 | €265,726 | €445,127 | +€179,401 | +67.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.