VaderoRent: what changed
What changed
VaderoRent
NACE 77.320, Rental and leasing activities
filed annual accounts (NBB)
Net result for the year
€28,247
2024 · €49,250-€21,003
Equity
€227,497
2024 · €199,250+€28,247
Cash
€8,896
2024 · €13,355-€4,459
Balance sheet total
€1.4m
2024 · €1.5m-€92,473
Largest movements
Assets
- Receivables within one year -€149,866
down €149,866 (-70.0%), from €214,039 to €64,173
of which Other amounts receivable: -€79,995
- Tangible fixed assets +€58,450
up €58,450 (+4.7%), from €1.3m to €1.3m
of which Leasing and similar rights: +€86,119
Equity and liabilities
- Other debts -€181,655
down €181,655 (-83.9%), from €216,500 to €34,845
- Current portion of long-term debt +€74,907
up €74,907 (+34.0%), from €220,408 to €295,315
- Tax, wage and social debts -€50,160
down €50,160 (-72.2%), from €69,429 to €19,268
- Profit (loss) carried forward +€28,247
up €28,247 (+57.4%), from €49,250 to €77,497
- Debts after one year +€21,019
up €21,019 (+2.7%), from €771,637 to €792,655
Income statement
- Depreciation +€113,220
up €113,220 (+53.2%), from €212,918 to €326,138
- Gross operating margin +€92,585
up €92,585 (+28.2%), from €328,876 to €421,461
- Taxes -€7,369
down €7,369 (-41.1%), from €17,949 to €10,580
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€49,250
Gross operating margin
+€92,585
Depreciation
-€113,220
Other operating charges
-€3,746
Financial charges
-€3,990
Taxes
+€7,369
Result 2025
€28,247
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€284,339
Investment
-€384,723
Financing
+€95,926
Cash 2024
€13,355
From operations (derived)
+€284,339
Net result for the year
+€28,247
Depreciation
+€326,138
Receivables within one year
+€149,866
Deferred charges and accrued income
-€3,267
Trade debts
+€14,995
Tax, wage and social debts
-€50,160
Other debts
-€181,655
Accrued charges and deferred income
+€174
Investment (derived)
-€384,723
Investment in fixed assets (net)
-€384,723
Financing
+€95,926
Debts after one year
+€21,019
Current portion of long-term debt
+€74,907
Cash 2025
€8,896
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,487,581 | €1,395,108 | -€92,473 | -6.2% |
| Fixed assets | 21/28 | €1,254,587 | €1,313,172 | +€58,585 | +4.7% |
| Tangible fixed assets | 22/27 | €1,254,452 | €1,312,902 | +€58,450 | +4.7% |
| Plant, machinery and equipment | 23 | €248,453 | €206,653 | -€41,800 | -16.8% |
| Furniture and vehicles | 24 | €17,063 | €31,194 | +€14,131 | +82.8% |
| Leasing and similar rights | 25 | €988,936 | €1,075,055 | +€86,119 | +8.7% |
| Financial fixed assets | 28 | €135 | €270 | +€135 | +100% |
| Current assets | 29/58 | €232,994 | €81,936 | -€151,058 | -64.8% |
| Amounts receivable within one year | 40/41 | €214,039 | €64,173 | -€149,866 | -70.0% |
| Trade receivables | 40 | €134,044 | €64,173 | -€69,872 | -52.1% |
| Other amounts receivable | 41 | €79,995 | €0 | -€79,995 | -100% |
| Cash at bank and in hand | 54/58 | €13,355 | €8,896 | -€4,459 | -33.4% |
| Deferred charges and accrued income | 490/1 | €5,599 | €8,866 | +€3,267 | +58.3% |
| Total equity and liabilities | 10/49 | €1,487,581 | €1,395,108 | -€92,473 | -6.2% |
| Equity | 10/15 | €199,250 | €227,497 | +€28,247 | +14.2% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,250 | €77,497 | +€28,247 | +57.4% |
| Amounts payable | 17/49 | €1,288,331 | €1,167,611 | -€120,720 | -9.4% |
| Amounts payable after more than one year | 17 | €771,637 | €792,655 | +€21,019 | +2.7% |
| Financial debts | 170/4 | €771,637 | €792,655 | +€21,019 | +2.7% |
| Amounts payable within one year | 42/48 | €515,611 | €373,698 | -€141,913 | -27.5% |
| Current portion of amounts payable after more than one year | 42 | €220,408 | €295,315 | +€74,907 | +34.0% |
| Trade debts | 44 | €9,275 | €24,270 | +€14,995 | +162% |
| Suppliers | 440/4 | €9,275 | €24,270 | +€14,995 | +162% |
| Taxes, remuneration and social security | 45 | €69,429 | €19,268 | -€50,160 | -72.2% |
| Taxes | 450/3 | €69,429 | €19,268 | -€50,160 | -72.2% |
| Other amounts payable | 47/48 | €216,500 | €34,845 | -€181,655 | -83.9% |
| Accrued charges and deferred income | 492/3 | €1,083 | €1,257 | +€174 | +16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €212,918 | €326,138 | +€113,220 | +53.2% |
| Other operating charges | 640/8 | €7,041 | €10,787 | +€3,746 | +53.2% |
| Gross operating margin | 9900 | €328,876 | €421,461 | +€92,585 | +28.2% |
| Operating profit (loss) | 9901 | €108,918 | €84,536 | -€24,382 | -22.4% |
| Financial charges | 65/66B | €41,718 | €45,708 | +€3,990 | +9.6% |
| Recurring financial charges | 65 | €41,718 | €45,708 | +€3,990 | +9.6% |
| Profit (loss) for the period before taxes | 9903 | €67,200 | €38,827 | -€28,372 | -42.2% |
| Income taxes | 67/77 | €17,949 | €10,580 | -€7,369 | -41.1% |
| Profit (loss) for the period | 9904 | €49,250 | €28,247 | -€21,003 | -42.6% |
| Profit (loss) for the period to be appropriated | 9905 | €49,250 | €28,247 | -€21,003 | -42.6% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.