Vader VanDel: 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.
Vader VanDel
Largest movements
- Cash +€17,746
up €17,746 (+25.5%), from €69,654 to €87,401
mainly Other debts (+€103,181) and Net result for the year (+€26,922)
- Receivables within one year -€1,959
down €1,959 (-17.9%), from €10,936 to €8,977
of which Trade receivables: -€2,202
- Other debts +€103,181
up €103,181 (+2648.1%), from €3,896 to €107,077
- Reserves -€90,275
down €90,275 (-100.0%), from €90,275 to €0
- Trade debts +€1,681
up €1,681 (+41.4%), from €4,064 to €5,745
- Gross operating margin +€8,842
up €8,842 (+23.7%), from €37,289 to €46,131
- Taxes +€2,406
up €2,406 (+37.3%), from €6,450 to €8,856
- Depreciation +€1,350
up €1,350 (+16.2%), from €8,351 to €9,701
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 | €104,810 | €120,380 | +€15,570 | +14.9% |
| Fixed assets | 21/28 | €22,730 | €22,398 | -€332 | -1.5% |
| Tangible fixed assets | 22/27 | €22,730 | €22,398 | -€332 | -1.5% |
| Furniture and vehicles | 24 | €8,212 | €10,923 | +€2,711 | +33.0% |
| Other tangible fixed assets | 26 | €14,517 | €11,475 | -€3,042 | -21.0% |
| Current assets | 29/58 | €82,080 | €97,982 | +€15,902 | +19.4% |
| Amounts receivable within one year | 40/41 | €10,936 | €8,977 | -€1,959 | -17.9% |
| Trade receivables | 40 | €9,674 | €7,472 | -€2,202 | -22.8% |
| Other amounts receivable | 41 | €1,262 | €1,505 | +€243 | +19.3% |
| Cash at bank and in hand | 54/58 | €69,654 | €87,401 | +€17,746 | +25.5% |
| Deferred charges and accrued income | 490/1 | €1,490 | €1,605 | +€114 | +7.7% |
| Total equity and liabilities | 10/49 | €104,810 | €120,380 | +€15,570 | +14.9% |
| Equity | 10/15 | €92,775 | €2,500 | -€90,275 | -97.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €90,275 | €0 | -€90,275 | -100.0% |
| Distributable reserves | 133 | €90,275 | €0 | -€90,275 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €12,035 | €117,880 | +€105,845 | +879.5% |
| Amounts payable within one year | 42/48 | €11,895 | €117,680 | +€105,785 | +889.3% |
| Trade debts | 44 | €4,064 | €5,745 | +€1,681 | +41.4% |
| Suppliers | 440/4 | €4,064 | €5,745 | +€1,681 | +41.4% |
| Taxes, remuneration and social security | 45 | €3,934 | €4,857 | +€923 | +23.5% |
| Taxes | 450/3 | €3,934 | €4,857 | +€923 | +23.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €3,896 | €107,077 | +€103,181 | +2648.1% |
| Accrued charges and deferred income | 492/3 | €140 | €200 | +€60 | +42.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,351 | €9,701 | +€1,350 | +16.2% |
| Other operating charges | 640/8 | €499 | €513 | +€14 | +2.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €37,289 | €46,131 | +€8,842 | +23.7% |
| Operating profit (loss) | 9901 | €28,439 | €35,916 | +€7,478 | +26.3% |
| Financial income | 75/76B | €6 | €1 | -€6 | -91.0% |
| Recurring financial income | 75 | €6 | €1 | -€6 | -91.0% |
| Financial charges | 65/66B | €137 | €139 | +€3 | +2.0% |
| Recurring financial charges | 65 | €137 | €139 | +€3 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €28,308 | €35,778 | +€7,469 | +26.4% |
| Income taxes | 67/77 | €6,450 | €8,856 | +€2,406 | +37.3% |
| Profit (loss) for the period | 9904 | €21,858 | €26,922 | +€5,064 | +23.2% |
| Profit (loss) for the period to be appropriated | 9905 | €21,858 | €26,922 | +€5,064 | +23.2% |
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 4 October 2026 via checked.be.