Vadestor: 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.
Vadestor
Largest movements
- Cash -€88,235
down €88,235 (-40.9%), from €215,952 to €127,718
mainly Debts after one year (-€59,928) and Receivables within one year (-€38,153)
- Receivables within one year +€38,153
up €38,153 (+105%), from €36,337 to €74,490
of which Other amounts receivable: +€37,500
- Tangible fixed assets -€16,900
down €16,900 (-1.4%), from €1.2m to €1.1m
- Debts after one year -€59,928
down €59,928 (-8.1%), from €736,150 to €676,221
- Other debts -€28,749
down €28,749 (-15.6%), from €184,332 to €155,583
- Reserves +€21,493
up €21,493 (+302%), from €7,109 to €28,603
- Tax, wage and social debts +€15,036
up €15,036 (+336%), from €4,469 to €19,506
- Gross operating margin +€16,045
up €16,045 (+22.5%), from €71,205 to €87,250
- Financial charges +€9,728
up €9,728 (+36.8%), from €26,416 to €36,144
- Taxes +€6,121
up €6,121 (+317%), from €1,930 to €8,051
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 | €1,418,974 | €1,361,994 | -€56,981 | -4.0% |
| Fixed assets | 21/28 | €1,166,685 | €1,149,785 | -€16,900 | -1.4% |
| Tangible fixed assets | 22/27 | €1,166,685 | €1,149,785 | -€16,900 | -1.4% |
| Land and buildings | 22 | €1,166,685 | €1,149,785 | -€16,900 | -1.4% |
| Current assets | 29/58 | €252,290 | €212,209 | -€40,081 | -15.9% |
| Amounts receivable within one year | 40/41 | €36,337 | €74,490 | +€38,153 | +105% |
| Trade receivables | 40 | €9,412 | €10,065 | +€653 | +6.9% |
| Other amounts receivable | 41 | €26,925 | €64,425 | +€37,500 | +139% |
| Cash at bank and in hand | 54/58 | €215,952 | €127,718 | -€88,235 | -40.9% |
| Deferred charges and accrued income | 490/1 | - | €10,002 | +€10,002 | |
| Total equity and liabilities | 10/49 | €1,418,974 | €1,361,994 | -€56,981 | -4.0% |
| Equity | 10/15 | €405,109 | €426,603 | +€21,493 | +5.3% |
| Contributions | 10/11 | €398,000 | €398,000 | = | 0.0% |
| Reserves | 13 | €7,109 | €28,603 | +€21,493 | +302% |
| Distributable reserves | 133 | €7,109 | €28,603 | +€21,493 | +302% |
| Amounts payable | 17/49 | €1,013,865 | €935,391 | -€78,474 | -7.7% |
| Amounts payable after more than one year | 17 | €736,150 | €676,221 | -€59,928 | -8.1% |
| Financial debts | 170/4 | €736,150 | €676,221 | -€59,928 | -8.1% |
| Amounts payable within one year | 42/48 | €250,497 | €237,325 | -€13,172 | -5.3% |
| Current portion of amounts payable after more than one year | 42 | €61,695 | €62,236 | +€541 | +0.9% |
| Taxes, remuneration and social security | 45 | €4,469 | €19,506 | +€15,036 | +336% |
| Taxes | 450/3 | €4,469 | €19,506 | +€15,036 | +336% |
| Other amounts payable | 47/48 | €184,332 | €155,583 | -€28,749 | -15.6% |
| Accrued charges and deferred income | 492/3 | €27,219 | €21,845 | -€5,374 | -19.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,900 | €16,900 | = | 0.0% |
| Other operating charges | 640/8 | €4,457 | €4,663 | +€205 | +4.6% |
| Gross operating margin | 9900 | €71,205 | €87,250 | +€16,045 | +22.5% |
| Operating profit (loss) | 9901 | €49,848 | €65,687 | +€15,839 | +31.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €26,416 | €36,144 | +€9,728 | +36.8% |
| Recurring financial charges | 65 | €26,416 | €36,144 | +€9,728 | +36.8% |
| Profit (loss) for the period before taxes | 9903 | €23,433 | €29,544 | +€6,111 | +26.1% |
| Income taxes | 67/77 | €1,930 | €8,051 | +€6,121 | +317% |
| Profit (loss) for the period | 9904 | €21,503 | €21,493 | -€9 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €21,503 | €21,493 | -€9 | 0.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.