VADAK: 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.
VADAK
Largest movements
- Tangible fixed assets +€8,935
up €8,935 (+67.5%), from €13,229 to €22,164
of which Furniture and vehicles: +€9,527
- Receivables within one year -€1,934
down €1,934 (-35.0%), from €5,531 to €3,598
of which Trade receivables: -€3,698
- Cash -€1,001
down €1,001 (-37.7%), from €2,655 to €1,654
mainly Tax, wage and social debts (-€32,512) and Trade debts (-€30,347)
- Profit (loss) carried forward +€63,177
up €63,177 (+31.9%), from -€197,957 to -€134,780
- Tax, wage and social debts -€32,512
no longer reported in 2025 (was €32,512)
of which Remuneration and social security: -€24,649
- Trade debts -€30,347
down €30,347 (-80.5%), from €37,708 to €7,361
- Other debts +€5,683
up €5,683 (+4.2%), from €135,485 to €141,167
- Gross operating margin +€129,223
up €129,223, from -€54,565 to €74,658
- Depreciation -€8,359
down €8,359 (-55.0%), from €15,208 to €6,849
- Financial charges +€3,194
up €3,194 (+510%), from €626 to €3,820
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 | €21,416 | €27,416 | +€6,001 | +28.0% |
| Fixed assets | 21/28 | €13,229 | €22,164 | +€8,935 | +67.5% |
| Tangible fixed assets | 22/27 | €13,229 | €22,164 | +€8,935 | +67.5% |
| Land and buildings | 22 | €3,184 | €2,743 | -€440 | -13.8% |
| Plant, machinery and equipment | 23 | €7,558 | €7,407 | -€151 | -2.0% |
| Furniture and vehicles | 24 | €2,487 | €12,014 | +€9,527 | +383% |
| Current assets | 29/58 | €8,186 | €5,252 | -€2,935 | -35.8% |
| Amounts receivable within one year | 40/41 | €5,531 | €3,598 | -€1,934 | -35.0% |
| Trade receivables | 40 | €4,770 | €1,072 | -€3,698 | -77.5% |
| Other amounts receivable | 41 | €761 | €2,526 | +€1,764 | +232% |
| Cash at bank and in hand | 54/58 | €2,655 | €1,654 | -€1,001 | -37.7% |
| Total equity and liabilities | 10/49 | €21,416 | €27,416 | +€6,001 | +28.0% |
| Equity | 10/15 | -€184,289 | -€121,112 | +€63,177 | +34.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €7,468 | €7,468 | = | 0.0% |
| Non-distributable reserves | 130/1 | €533 | €533 | = | 0.0% |
| Reserves not available under the articles | 1311 | €533 | €533 | = | 0.0% |
| Distributable reserves | 133 | €6,935 | €6,935 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€197,957 | -€134,780 | +€63,177 | +31.9% |
| Amounts payable | 17/49 | €205,705 | €148,528 | -€57,176 | -27.8% |
| Amounts payable within one year | 42/48 | €205,705 | €148,528 | -€57,176 | -27.8% |
| Trade debts | 44 | €37,708 | €7,361 | -€30,347 | -80.5% |
| Suppliers | 440/4 | €37,708 | €7,361 | -€30,347 | -80.5% |
| Taxes, remuneration and social security | 45 | €32,512 | - | -€32,512 | |
| Taxes | 450/3 | €7,863 | - | -€7,863 | |
| Remuneration and social security | 454/9 | €24,649 | - | -€24,649 | |
| Other amounts payable | 47/48 | €135,485 | €141,167 | +€5,683 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,208 | €6,849 | -€8,359 | -55.0% |
| Other operating charges | 640/8 | €1,023 | €816 | -€207 | -20.2% |
| Gross operating margin | 9900 | -€54,565 | €74,658 | +€129,223 | |
| Operating profit (loss) | 9901 | -€70,797 | €66,992 | +€137,789 | |
| Financial income | 75/76B | €22 | €5 | -€17 | -79.4% |
| Recurring financial income | 75 | €22 | €5 | -€17 | -79.4% |
| Financial charges | 65/66B | €626 | €3,820 | +€3,194 | +510% |
| Recurring financial charges | 65 | €626 | €3,820 | +€3,194 | +510% |
| Profit (loss) for the period before taxes | 9903 | -€71,401 | €63,177 | +€134,578 | |
| Profit (loss) for the period | 9904 | -€71,401 | €63,177 | +€134,578 | |
| Profit (loss) for the period to be appropriated | 9905 | -€71,401 | €63,177 | +€134,578 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.