Vadesko: 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.
Vadesko
Largest movements
- Cash +€66,323
up €66,323 (+2274.3%), from €2,916 to €69,239
mainly Net result for the year (+€58,133) and Other debts (+€58,000)
- Intangible fixed assets -€9,000
down €9,000 (-13.3%), from €67,500 to €58,500
- Deferred charges and accrued income -€3,431
down €3,431 (-26.7%), from €12,843 to €9,411
- Receivables within one year +€3,015
up €3,015 (+8.7%), from €34,471 to €37,486
- Other debts +€58,000
new in 2025: €58,000
- Gross operating margin +€68,176
up €68,176 (+422.9%), from €16,122 to €84,298
- Staff costs +€13,824
up €13,824 (+345.1%), from €4,006 to €17,830
- Financial income +€1,670
up €1,670 (+408.8%), from €408 to €2,078
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 | €118,142 | €174,682 | +€56,540 | +47.9% |
| Fixed assets | 21/28 | €67,912 | €58,545 | -€9,367 | -13.8% |
| Intangible fixed assets | 21 | €67,500 | €58,500 | -€9,000 | -13.3% |
| Tangible fixed assets | 22/27 | €412 | €45 | -€367 | -89.1% |
| Plant, machinery and equipment | 23 | €412 | €45 | -€367 | -89.1% |
| Current assets | 29/58 | €50,230 | €116,137 | +€65,907 | +131.2% |
| Amounts receivable within one year | 40/41 | €34,471 | €37,486 | +€3,015 | +8.7% |
| Other amounts receivable | 41 | €34,471 | €37,486 | +€3,015 | +8.7% |
| Cash at bank and in hand | 54/58 | €2,916 | €69,239 | +€66,323 | +2274.3% |
| Deferred charges and accrued income | 490/1 | €12,843 | €9,411 | -€3,431 | -26.7% |
| Total equity and liabilities | 10/49 | €118,142 | €174,682 | +€56,540 | +47.9% |
| Equity | 10/15 | €114,007 | €114,140 | +€133 | +0.1% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €54,000 | €54,000 | = | 0.0% |
| Distributable reserves | 133 | €54,000 | €54,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7 | €140 | +€133 | +1831.6% |
| Amounts payable | 17/49 | €4,134 | €60,542 | +€56,407 | +1364.3% |
| Amounts payable within one year | 42/48 | €4,134 | €60,542 | +€56,407 | +1364.3% |
| Trade debts | 44 | €3,488 | €2,398 | -€1,090 | -31.2% |
| Suppliers | 440/4 | €3,488 | €2,398 | -€1,090 | -31.2% |
| Taxes, remuneration and social security | 45 | €646 | €143 | -€503 | -77.8% |
| Taxes | 450/3 | €646 | €143 | -€503 | -77.8% |
| Other amounts payable | 47/48 | - | €58,000 | +€58,000 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €4,006 | €17,830 | +€13,824 | +345.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,466 | €9,367 | -€99 | -1.0% |
| Other operating charges | 640/8 | €1,163 | €681 | -€481 | -41.4% |
| Gross operating margin | 9900 | €16,122 | €84,298 | +€68,176 | +422.9% |
| Operating profit (loss) | 9901 | €1,488 | €56,420 | +€54,932 | +3692.3% |
| Financial income | 75/76B | €408 | €2,078 | +€1,670 | +408.8% |
| Recurring financial income | 75 | €408 | €2,078 | +€1,670 | +408.8% |
| Financial charges | 65/66B | €160 | €222 | +€62 | +38.8% |
| Recurring financial charges | 65 | €160 | €222 | +€62 | +38.8% |
| Profit (loss) for the period before taxes | 9903 | €1,736 | €58,276 | +€56,540 | +3256.2% |
| Income taxes | 67/77 | €646 | €143 | -€503 | -77.8% |
| Profit (loss) for the period | 9904 | €1,090 | €58,133 | +€57,043 | +5232.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,090 | €58,133 | +€57,043 | +5232.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.