VADEC: 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.
What changed
VADEC
NACE 47.640, Retail sale of games and toys
fiscal year 2025 against 2026filed annual accounts (NBB)
Net result for the year
-€67,984
2025 · -€76,066+€8,081
Equity
-€189,820
2025 · -€121,836-€67,984
Cash
€5,071
2025 · €4,478+€593
Balance sheet total
€420,678
2025 · €426,071-€5,392
Largest movements
Assets
- Stocks and contracts -€5,300
down €5,300 (-1.3%), from €414,368 to €409,067
Equity and liabilities
- Profit (loss) carried forward -€67,984
down €67,984 (-35.8%), from -€190,036 to -€258,020
- Other debts +€64,788
up €64,788 (+15.3%), from €424,347 to €489,135
Income statement
- Financial charges -€6,851
down €6,851 (-90.6%), from €7,565 to €715
- Staff costs -€1,564
down €1,564 (-1.8%), from €85,527 to €83,963
- Write-downs +€1,359
up €1,359, from -€46 to €1,312
- Financial income +€962
up €962 (+23.0%), from €4,176 to €5,138
- Other operating charges +€479
up €479 (+34.1%), from €1,406 to €1,886
From the 2025 result to the 2026 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.
Result 2025
-€76,066
Gross operating margin
+€477
Staff costs
+€1,564
Depreciation
+€66
Write-downs
-€1,359
Other operating charges
-€479
Financial income
+€962
Financial charges
+€6,851
Result 2026
-€67,984
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€593
Investment
€0
Financing
€0
Cash 2025
€4,478
From operations (derived)
+€593
Net result for the year
-€67,984
Depreciation
+€1,277
Stocks and contracts
+€5,300
Receivables within one year
-€926
Deferred charges and accrued income
+€334
Trade debts
-€3,755
Tax, wage and social debts
+€1,470
Other debts
+€64,788
Accrued charges and deferred income
+€89
Cash 2026
€5,071
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €426,071 | €420,678 | -€5,392 | -1.3% |
| Fixed assets | 21/28 | €3,772 | €2,496 | -€1,277 | -33.8% |
| Tangible fixed assets | 22/27 | €3,772 | €2,496 | -€1,277 | -33.8% |
| Plant, machinery and equipment | 23 | €1,253 | €940 | -€313 | -25.0% |
| Furniture and vehicles | 24 | €666 | €302 | -€364 | -54.7% |
| Other tangible fixed assets | 26 | €1,853 | €1,254 | -€599 | -32.3% |
| Current assets | 29/58 | €422,298 | €418,183 | -€4,116 | -1.0% |
| Stocks and contracts in progress | 3 | €414,368 | €409,067 | -€5,300 | -1.3% |
| Stocks | 30/36 | €414,368 | €409,067 | -€5,300 | -1.3% |
| Amounts receivable within one year | 40/41 | €0 | €926 | +€926 | |
| Trade receivables | 40 | €0 | €863 | +€863 | |
| Other amounts receivable | 41 | €0 | €63 | +€63 | |
| Cash at bank and in hand | 54/58 | €4,478 | €5,071 | +€593 | +13.2% |
| Deferred charges and accrued income | 490/1 | €3,452 | €3,118 | -€334 | -9.7% |
| Total equity and liabilities | 10/49 | €426,071 | €420,678 | -€5,392 | -1.3% |
| Equity | 10/15 | -€121,836 | -€189,820 | -€67,984 | -55.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€190,036 | -€258,020 | -€67,984 | -35.8% |
| Amounts payable | 17/49 | €547,906 | €610,498 | +€62,592 | +11.4% |
| Amounts payable after more than one year | 17 | €89,242 | €89,242 | = | 0.0% |
| Financial debts | 170/4 | €89,242 | €89,242 | = | 0.0% |
| Amounts payable within one year | 42/48 | €458,665 | €521,167 | +€62,503 | +13.6% |
| Trade debts | 44 | €22,775 | €19,020 | -€3,755 | -16.5% |
| Suppliers | 440/4 | €22,775 | €19,020 | -€3,755 | -16.5% |
| Taxes, remuneration and social security | 45 | €11,543 | €13,012 | +€1,470 | +12.7% |
| Taxes | 450/3 | €2,033 | €3,096 | +€1,063 | +52.3% |
| Remuneration and social security | 454/9 | €9,509 | €9,917 | +€407 | +4.3% |
| Other amounts payable | 47/48 | €424,347 | €489,135 | +€64,788 | +15.3% |
| Accrued charges and deferred income | 492/3 | €0 | €89 | +€89 | |
| Remuneration, social security and pensions | 62 | €85,527 | €83,963 | -€1,564 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,342 | €1,277 | -€66 | -4.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€46 | €1,312 | +€1,359 | |
| Other operating charges | 640/8 | €1,406 | €1,886 | +€479 | +34.1% |
| Gross operating margin | 9900 | €15,553 | €16,030 | +€477 | +3.1% |
| Operating profit (loss) | 9901 | -€72,676 | -€72,408 | +€268 | +0.4% |
| Financial income | 75/76B | €4,176 | €5,138 | +€962 | +23.0% |
| Recurring financial income | 75 | €4,176 | €5,138 | +€962 | +23.0% |
| Financial charges | 65/66B | €7,565 | €715 | -€6,851 | -90.6% |
| Recurring financial charges | 65 | €7,565 | €715 | -€6,851 | -90.6% |
| Profit (loss) for the period before taxes | 9903 | -€76,066 | -€67,984 | +€8,081 | +10.6% |
| Profit (loss) for the period | 9904 | -€76,066 | -€67,984 | +€8,081 | +10.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€76,066 | -€67,984 | +€8,081 | +10.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.