Vademego: 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.
Vademego
Largest movements
- Tangible fixed assets +€12,962
up €12,962 (+43.9%), from €29,502 to €42,464
of which Plant, machinery and equipment: +€12,962
- Cash -€645
down €645 (-17.7%), from €3,644 to €2,999
mainly Investment in fixed assets (net) (-€14,835) and Net result for the year (-€2,476)
- Other debts +€14,407
up €14,407 (+17.2%), from €83,868 to €98,275
- Profit (loss) carried forward -€2,476
down €2,476 (-1.8%), from -€138,692 to -€141,168
- Gross operating margin +€1,576
up €1,576 (+218%), from €724 to €2,300
- Depreciation +€1,476
up €1,476 (+373%), from €396 to €1,872
- Other operating charges -€135
down €135 (-4.5%), from €2,993 to €2,858
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 | €34,618 | €46,935 | +€12,317 | +35.6% |
| Fixed assets | 21/28 | €30,702 | €43,664 | +€12,962 | +42.2% |
| Tangible fixed assets | 22/27 | €29,502 | €42,464 | +€12,962 | +43.9% |
| Land and buildings | 22 | €26,004 | €26,004 | = | 0.0% |
| Plant, machinery and equipment | 23 | €3,498 | €16,460 | +€12,962 | +371% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €3,916 | €3,271 | -€645 | -16.5% |
| Amounts receivable after more than one year | 29 | €272 | €272 | = | 0.0% |
| Other amounts receivable | 291 | €272 | €272 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,644 | €2,999 | -€645 | -17.7% |
| Total equity and liabilities | 10/49 | €34,618 | €46,935 | +€12,317 | +35.6% |
| Equity | 10/15 | -€50,070 | -€52,546 | -€2,476 | -4.9% |
| Contributions | 10/11 | €80,565 | €80,565 | = | 0.0% |
| Capital | 10 | €80,565 | €80,565 | = | 0.0% |
| Issued capital | 100 | €80,565 | €80,565 | = | 0.0% |
| Reserves | 13 | €8,057 | €8,057 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,057 | €8,057 | = | 0.0% |
| Legal reserve | 130 | €8,057 | €8,057 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€138,692 | -€141,168 | -€2,476 | -1.8% |
| Amounts payable | 17/49 | €84,688 | €99,481 | +€14,794 | +17.5% |
| Amounts payable within one year | 42/48 | €84,688 | €99,481 | +€14,794 | +17.5% |
| Trade debts | 44 | €819 | €1,206 | +€387 | +47.2% |
| Suppliers | 440/4 | €819 | €1,206 | +€387 | +47.2% |
| Other amounts payable | 47/48 | €83,868 | €98,275 | +€14,407 | +17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €396 | €1,872 | +€1,476 | +373% |
| Other operating charges | 640/8 | €2,993 | €2,858 | -€135 | -4.5% |
| Gross operating margin | 9900 | €724 | €2,300 | +€1,576 | +218% |
| Operating profit (loss) | 9901 | -€2,665 | -€2,431 | +€234 | +8.8% |
| Financial income | 75/76B | €4 | €0 | -€4 | -99.5% |
| Recurring financial income | 75 | €4 | €0 | -€4 | -99.5% |
| Financial charges | 65/66B | €44 | €45 | +€1 | +2.7% |
| Recurring financial charges | 65 | €44 | €45 | +€1 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | -€2,705 | -€2,476 | +€229 | +8.5% |
| Profit (loss) for the period | 9904 | -€2,705 | -€2,476 | +€229 | +8.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,705 | -€2,476 | +€229 | +8.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.