VADEBOO: what changed
Two fiscal 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.
VADEBOO
Largest movements
- Cash +€41,051
up €41,051 (+19.1%), from €215,362 to €256,413
mainly Net result for the year (+€25,828) and Trade debts (+€7,730)
- Reserves +€25,825
up €25,825 (+67.6%), from €38,230 to €64,055
- Trade debts +€7,730
up €7,730 (+4332.7%), from €178 to €7,908
- Tax, wage and social debts +€7,289
up €7,289 (+121.1%), from €6,017 to €13,306
- Gross operating margin +€21,958
up €21,958 (+120.6%), from €18,206 to €40,164
- Taxes +€9,026
up €9,026 (+210.9%), from €4,280 to €13,306
- Other operating charges -€2,338
down €2,338 (-80.4%), from €2,909 to €571
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 | €226,006 | €266,306 | +€40,300 | +17.8% |
| Fixed assets | 21/28 | - | €504 | +€504 | |
| Tangible fixed assets | 22/27 | - | €504 | +€504 | |
| Plant, machinery and equipment | 23 | - | €504 | +€504 | |
| Current assets | 29/58 | €226,006 | €265,803 | +€39,797 | +17.6% |
| Amounts receivable within one year | 40/41 | €10,644 | €9,389 | -€1,255 | -11.8% |
| Trade receivables | 40 | €6,424 | €9,334 | +€2,909 | +45.3% |
| Other amounts receivable | 41 | €4,220 | €56 | -€4,164 | -98.7% |
| Cash at bank and in hand | 54/58 | €215,362 | €256,413 | +€41,051 | +19.1% |
| Total equity and liabilities | 10/49 | €226,006 | €266,306 | +€40,300 | +17.8% |
| Equity | 10/15 | €214,241 | €240,069 | +€25,828 | +12.1% |
| Contributions | 10/11 | €165,300 | €165,300 | = | 0.0% |
| Outside capital | 11 | €165,300 | €165,300 | = | 0.0% |
| Other | 1109/19 | €165,300 | €165,300 | = | 0.0% |
| Reserves | 13 | €38,230 | €64,055 | +€25,825 | +67.6% |
| Distributable reserves | 133 | €38,230 | €64,055 | +€25,825 | +67.6% |
| Profit (loss) carried forward | 14 | €10,711 | €10,714 | +€3 | 0.0% |
| Amounts payable | 17/49 | €11,765 | €26,237 | +€14,472 | +123.0% |
| Amounts payable within one year | 42/48 | €11,765 | €26,237 | +€14,472 | +123.0% |
| Trade debts | 44 | €178 | €7,908 | +€7,730 | +4332.7% |
| Suppliers | 440/4 | €178 | €7,908 | +€7,730 | +4332.7% |
| Taxes, remuneration and social security | 45 | €6,017 | €13,306 | +€7,289 | +121.1% |
| Taxes | 450/3 | €6,017 | €13,306 | +€7,289 | +121.1% |
| Other amounts payable | 47/48 | €5,569 | €5,023 | -€546 | -9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €252 | +€252 | |
| Other operating charges | 640/8 | €2,909 | €571 | -€2,338 | -80.4% |
| Gross operating margin | 9900 | €18,206 | €40,164 | +€21,958 | +120.6% |
| Operating profit (loss) | 9901 | €15,297 | €39,341 | +€24,045 | +157.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €421 | €208 | -€213 | -50.6% |
| Recurring financial charges | 65 | €421 | €208 | -€213 | -50.6% |
| Profit (loss) for the period before taxes | 9903 | €14,875 | €39,134 | +€24,258 | +163.1% |
| Income taxes | 67/77 | €4,280 | €13,306 | +€9,026 | +210.9% |
| Profit (loss) for the period | 9904 | €10,595 | €25,828 | +€15,232 | +143.8% |
| Profit (loss) for the period to be appropriated | 9905 | €10,595 | €25,828 | +€15,232 | +143.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.