VADATEC: 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.
VADATEC
Largest movements
- Cash -€83,017
down €83,017 (-89.2%), from €93,100 to €10,083
mainly Investment in fixed assets (net) (-€89,516) and Trade debts (-€26,397)
- Tangible fixed assets +€27,974
up €27,974 (+16.4%), from €170,558 to €198,532
- Receivables within one year +€16,739
up €16,739 (+20.0%), from €83,569 to €100,308
of which Other amounts receivable: +€9,894
- Trade debts -€26,397
down €26,397 (-43.0%), from €61,432 to €35,035
- Profit (loss) carried forward -€7,894
new in 2024: -€7,894
- Tax, wage and social debts -€7,853
down €7,853 (-51.9%), from €15,128 to €7,274
- Other debts +€7,042
up €7,042 (+18.8%), from €37,544 to €44,586
- Gross operating margin -€26,121
down €26,121 (-31.1%), from €83,889 to €57,767
- Depreciation +€16,343
up €16,343 (+36.2%), from €45,199 to €61,542
- Taxes -€9,828
down €9,828 (-100.0%), from €9,828 to €0
- Financial charges +€1,181
up €1,181 (+50.2%), from €2,352 to €3,532
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.
Cash bridge derived
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 | €347,519 | €309,230 | -€38,289 | -11.0% |
| Fixed assets | 21/28 | €170,558 | €198,532 | +€27,974 | +16.4% |
| Tangible fixed assets | 22/27 | €170,558 | €198,532 | +€27,974 | +16.4% |
| Plant, machinery and equipment | 23 | €170,558 | €198,532 | +€27,974 | +16.4% |
| Current assets | 29/58 | €176,961 | €110,698 | -€66,263 | -37.4% |
| Amounts receivable within one year | 40/41 | €83,569 | €100,308 | +€16,739 | +20.0% |
| Trade receivables | 40 | €83,463 | €90,308 | +€6,845 | +8.2% |
| Other amounts receivable | 41 | €106 | €10,000 | +€9,894 | +9350.0% |
| Cash at bank and in hand | 54/58 | €93,100 | €10,083 | -€83,017 | -89.2% |
| Deferred charges and accrued income | 490/1 | €292 | €307 | +€15 | +5.0% |
| Total equity and liabilities | 10/49 | €347,519 | €309,230 | -€38,289 | -11.0% |
| Equity | 10/15 | €169,080 | €161,186 | -€7,894 | -4.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €119,080 | €119,080 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €114,080 | €114,080 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€7,894 | -€7,894 | |
| Amounts payable | 17/49 | €178,439 | €148,045 | -€30,394 | -17.0% |
| Amounts payable after more than one year | 17 | €28,393 | €27,801 | -€591 | -2.1% |
| Financial debts | 170/4 | €28,393 | €27,801 | -€591 | -2.1% |
| Amounts payable within one year | 42/48 | €149,204 | €118,968 | -€30,236 | -20.3% |
| Current portion of amounts payable after more than one year | 42 | €35,100 | €32,073 | -€3,027 | -8.6% |
| Trade debts | 44 | €61,432 | €35,035 | -€26,397 | -43.0% |
| Suppliers | 440/4 | €61,432 | €35,035 | -€26,397 | -43.0% |
| Taxes, remuneration and social security | 45 | €15,128 | €7,274 | -€7,853 | -51.9% |
| Taxes | 450/3 | €15,128 | €7,274 | -€7,853 | -51.9% |
| Other amounts payable | 47/48 | €37,544 | €44,586 | +€7,042 | +18.8% |
| Accrued charges and deferred income | 492/3 | €842 | €1,275 | +€433 | +51.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,199 | €61,542 | +€16,343 | +36.2% |
| Other operating charges | 640/8 | €575 | €587 | +€12 | +2.2% |
| Gross operating margin | 9900 | €83,889 | €57,767 | -€26,121 | -31.1% |
| Operating profit (loss) | 9901 | €38,115 | -€4,362 | -€42,477 | |
| Financial income | 75/76B | €62 | €0 | -€62 | -100.0% |
| Recurring financial income | 75 | €62 | €0 | -€62 | -100.0% |
| Financial charges | 65/66B | €2,352 | €3,532 | +€1,181 | +50.2% |
| Recurring financial charges | 65 | €2,352 | €3,532 | +€1,181 | +50.2% |
| Profit (loss) for the period before taxes | 9903 | €35,825 | -€7,894 | -€43,719 | |
| Income taxes | 67/77 | €9,828 | €0 | -€9,828 | -100.0% |
| Profit (loss) for the period | 9904 | €25,997 | -€7,894 | -€33,892 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,997 | -€7,894 | -€33,892 |
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 10 October 2026 via checked.be.