VADECRO: 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.
VADECRO
Largest movements
- Receivables within one year +€41,519
up €41,519 (+1914.8%), from €2,168 to €43,687
of which Trade receivables: +€39,000
- Profit (loss) carried forward +€26,893
new in 2025: €26,893
- Advances received +€22,260
new in 2025: €22,260
- Other debts +€19,474
up €19,474 (+34.2%), from €56,899 to €76,373
- Debts after one year -€17,142
no longer reported in 2025 (was €17,142)
- Current portion of long-term debt -€8,208
down €8,208 (-23.9%), from €34,286 to €26,078
- Gross operating margin +€15,000
up €15,000 (+62.5%), from €24,000 to €39,000
- Taxes +€4,012
up €4,012 (+65.4%), from €6,140 to €10,152
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 | €381,474 | €422,705 | +€41,231 | +10.8% |
| Fixed assets | 21/28 | €378,981 | €378,981 | = | 0.0% |
| Intangible fixed assets | 21 | €128,981 | €128,981 | = | 0.0% |
| Financial fixed assets | 28 | €250,000 | €250,000 | = | 0.0% |
| Current assets | 29/58 | €2,493 | €43,724 | +€41,231 | +1653.9% |
| Amounts receivable within one year | 40/41 | €2,168 | €43,687 | +€41,519 | +1914.8% |
| Trade receivables | 40 | €2,000 | €41,000 | +€39,000 | +1950.0% |
| Other amounts receivable | 41 | €168 | €2,687 | +€2,519 | +1496.2% |
| Cash at bank and in hand | 54/58 | €325 | €36 | -€288 | -88.8% |
| Total equity and liabilities | 10/49 | €381,474 | €422,705 | +€41,231 | +10.8% |
| Equity | 10/15 | €254,360 | €281,253 | +€26,893 | +10.6% |
| 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 | €192,360 | €192,360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €186,160 | €186,160 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €26,893 | +€26,893 | |
| Amounts payable | 17/49 | €127,114 | €141,452 | +€14,338 | +11.3% |
| Amounts payable after more than one year | 17 | €17,142 | - | -€17,142 | |
| Financial debts | 170/4 | €17,142 | - | -€17,142 | |
| Amounts payable within one year | 42/48 | €109,972 | €141,452 | +€31,480 | +28.6% |
| Current portion of amounts payable after more than one year | 42 | €34,286 | €26,078 | -€8,208 | -23.9% |
| Financial debts | 43 | €717 | - | -€717 | |
| Credit institutions | 430/8 | €717 | - | -€717 | |
| Trade debts | 44 | €246 | €758 | +€512 | +208.3% |
| Suppliers | 440/4 | €246 | €758 | +€512 | +208.3% |
| Advances received on contracts in progress | 46 | - | €22,260 | +€22,260 | |
| Taxes, remuneration and social security | 45 | €17,824 | €15,983 | -€1,841 | -10.3% |
| Taxes | 450/3 | €17,824 | €15,983 | -€1,841 | -10.3% |
| Other amounts payable | 47/48 | €56,899 | €76,373 | +€19,474 | +34.2% |
| Other operating charges | 640/8 | €776 | €811 | +€35 | +4.5% |
| Gross operating margin | 9900 | €24,000 | €39,000 | +€15,000 | +62.5% |
| Operating profit (loss) | 9901 | €23,224 | €38,190 | +€14,965 | +64.4% |
| Financial charges | 65/66B | €1,160 | €1,145 | -€16 | -1.4% |
| Recurring financial charges | 65 | €1,160 | €1,145 | -€16 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | €22,064 | €37,045 | +€14,981 | +67.9% |
| Income taxes | 67/77 | €6,140 | €10,152 | +€4,012 | +65.4% |
| Profit (loss) for the period | 9904 | €15,924 | €26,893 | +€10,969 | +68.9% |
| Profit (loss) for the period to be appropriated | 9905 | €15,924 | €26,893 | +€10,969 | +68.9% |
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 8 October 2026 via checked.be.