Vadepla: 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.
Vadepla
Largest movements
- Tangible fixed assets -€15,779
down €15,779 (-35.0%), from €45,120 to €29,341
of which Furniture and vehicles: -€9,594
- Receivables within one year +€15,126
up €15,126 (+74.7%), from €20,238 to €35,363
of which Trade receivables: +€14,949
- Cash -€14,684
down €14,684 (-18.2%), from €80,607 to €65,923
mainly Contributions, distributions and other (-€43,667) and Receivables within one year (-€15,126)
- Other debts -€15,033
down €15,033 (-20.7%), from €72,572 to €57,539
- Gross operating margin +€20,001
up €20,001 (+37.7%), from €53,088 to €73,089
- Taxes +€4,472
up €4,472 (+52.9%), from €8,461 to €12,933
- Depreciation -€2,914
down €2,914 (-15.6%), from €18,693 to €15,779
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 | €146,847 | €131,078 | -€15,768 | -10.7% |
| Fixed assets | 21/28 | €45,120 | €29,341 | -€15,779 | -35.0% |
| Tangible fixed assets | 22/27 | €45,120 | €29,341 | -€15,779 | -35.0% |
| Plant, machinery and equipment | 23 | €2,407 | - | -€2,407 | |
| Furniture and vehicles | 24 | €11,928 | €2,334 | -€9,594 | -80.4% |
| Other tangible fixed assets | 26 | €30,784 | €27,007 | -€3,778 | -12.3% |
| Current assets | 29/58 | €101,727 | €101,737 | +€11 | 0.0% |
| Amounts receivable within one year | 40/41 | €20,238 | €35,363 | +€15,126 | +74.7% |
| Trade receivables | 40 | €16,238 | €31,186 | +€14,949 | +92.1% |
| Other amounts receivable | 41 | €4,000 | €4,177 | +€177 | +4.4% |
| Cash at bank and in hand | 54/58 | €80,607 | €65,923 | -€14,684 | -18.2% |
| Deferred charges and accrued income | 490/1 | €882 | €451 | -€431 | -48.9% |
| Total equity and liabilities | 10/49 | €146,847 | €131,078 | -€15,768 | -10.7% |
| Equity | 10/15 | €66,510 | €66,200 | -€310 | -0.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €61,200 | €61,200 | = | 0.0% |
| Distributable reserves | 133 | €61,200 | €61,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €310 | €0 | -€310 | -100.0% |
| Amounts payable | 17/49 | €80,336 | €64,878 | -€15,458 | -19.2% |
| Amounts payable within one year | 42/48 | €79,375 | €64,878 | -€14,497 | -18.3% |
| Trade debts | 44 | €1,585 | €1,060 | -€525 | -33.1% |
| Suppliers | 440/4 | €1,585 | €1,060 | -€525 | -33.1% |
| Taxes, remuneration and social security | 45 | €5,218 | €6,278 | +€1,061 | +20.3% |
| Taxes | 450/3 | €5,218 | €6,278 | +€1,061 | +20.3% |
| Other amounts payable | 47/48 | €72,572 | €57,539 | -€15,033 | -20.7% |
| Accrued charges and deferred income | 492/3 | €961 | €0 | -€961 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,693 | €15,779 | -€2,914 | -15.6% |
| Other operating charges | 640/8 | €1,053 | €977 | -€77 | -7.3% |
| Gross operating margin | 9900 | €53,088 | €73,089 | +€20,001 | +37.7% |
| Operating profit (loss) | 9901 | €33,341 | €56,333 | +€22,992 | +69.0% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €165 | €43 | -€122 | -74.0% |
| Recurring financial charges | 65 | €165 | €43 | -€122 | -74.0% |
| Profit (loss) for the period before taxes | 9903 | €33,176 | €56,290 | +€23,114 | +69.7% |
| Income taxes | 67/77 | €8,461 | €12,933 | +€4,472 | +52.9% |
| Profit (loss) for the period | 9904 | €24,715 | €43,357 | +€18,642 | +75.4% |
| Profit (loss) for the period to be appropriated | 9905 | €24,715 | €43,357 | +€18,642 | +75.4% |
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 9 October 2026 via checked.be.