VADEPRO: 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.
VADEPRO
Largest movements
- Tangible fixed assets -€21,349
down €21,349 (-2.6%), from €822,934 to €801,584
of which Land and buildings: -€28,377
- Other debts -€15,000
down €15,000 (-2.2%), from €685,509 to €670,509
- Profit (loss) carried forward -€12,036
down €12,036 (-14.9%), from -€80,859 to -€92,895
- Gross operating margin +€11,412
up €11,412 (+201%), from €5,673 to €17,084
- Other operating charges +€398
up €398 (+346%), from €115 to €513
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 | €835,630 | €809,406 | -€26,224 | -3.1% |
| Fixed assets | 21/28 | €822,934 | €801,584 | -€21,349 | -2.6% |
| Tangible fixed assets | 22/27 | €822,934 | €801,584 | -€21,349 | -2.6% |
| Land and buildings | 22 | €822,934 | €794,557 | -€28,377 | -3.4% |
| Plant, machinery and equipment | 23 | - | €7,028 | +€7,028 | |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €12,696 | €7,822 | -€4,875 | -38.4% |
| Amounts receivable within one year | 40/41 | €4 | €896 | +€891 | +20,924% |
| Trade receivables | 40 | €4 | €896 | +€891 | +20,924% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €12,071 | €6,270 | -€5,802 | -48.1% |
| Deferred charges and accrued income | 490/1 | €621 | €657 | +€36 | +5.8% |
| Total equity and liabilities | 10/49 | €835,630 | €809,406 | -€26,224 | -3.1% |
| Equity | 10/15 | €149,141 | €137,105 | -€12,036 | -8.1% |
| Contributions | 10/11 | €230,000 | €230,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€80,859 | -€92,895 | -€12,036 | -14.9% |
| Amounts payable | 17/49 | €686,489 | €672,301 | -€14,187 | -2.1% |
| Amounts payable within one year | 42/48 | €686,489 | €672,031 | -€14,457 | -2.1% |
| Trade debts | 44 | €848 | €428 | -€420 | -49.5% |
| Suppliers | 440/4 | €848 | €428 | -€420 | -49.5% |
| Taxes, remuneration and social security | 45 | €132 | €1,094 | +€962 | +731% |
| Taxes | 450/3 | €132 | €1,094 | +€962 | +731% |
| Other amounts payable | 47/48 | €685,509 | €670,509 | -€15,000 | -2.2% |
| Accrued charges and deferred income | 492/3 | - | €270 | +€270 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,377 | €28,431 | +€54 | +0.2% |
| Other operating charges | 640/8 | €115 | €513 | +€398 | +346% |
| Gross operating margin | 9900 | €5,673 | €17,084 | +€11,412 | +201% |
| Operating profit (loss) | 9901 | -€22,819 | -€11,860 | +€10,959 | +48.0% |
| Financial charges | 65/66B | €150 | €177 | +€27 | +17.8% |
| Recurring financial charges | 65 | €150 | €177 | +€27 | +17.8% |
| Profit (loss) for the period before taxes | 9903 | -€22,969 | -€12,036 | +€10,933 | +47.6% |
| Profit (loss) for the period | 9904 | -€22,969 | -€12,036 | +€10,933 | +47.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,969 | -€12,036 | +€10,933 | +47.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.