VADICO: 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.
VADICO
Largest movements
- Cash +€14,276
up €14,276 (+42.8%), from €33,335 to €47,611
mainly Other debts (+€41,506) and Net result for the year (+€34,247)
- Receivables within one year +€7,007
up €7,007 (+47.2%), from €14,839 to €21,845
of which Trade receivables: +€4,810
- Tangible fixed assets -€1,708
down €1,708 (-49.9%), from €3,421 to €1,713
of which Furniture and vehicles: -€1,306
- Deferred charges and accrued income +€846
up €846 (+148.8%), from €569 to €1,415
- Other debts +€41,506
up €41,506 (+399.6%), from €10,388 to €51,893
- Reserves -€26,875
no longer reported in 2025 (was €26,875)
- Trade debts +€2,866
up €2,866 (+188.9%), from €1,517 to €4,382
- Tax, wage and social debts +€2,695
up €2,695 (+33.7%), from €8,002 to €10,697
- Gross operating margin +€59,972
up €59,972, from -€11,872 to €48,100
- Taxes +€6,829
up €6,829 (+3766.0%), from €181 to €7,010
- Financial charges +€2,448
up €2,448 (+171.7%), from €1,426 to €3,874
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 | €52,164 | €72,585 | +€20,422 | +39.1% |
| Fixed assets | 21/28 | €3,421 | €1,713 | -€1,708 | -49.9% |
| Tangible fixed assets | 22/27 | €3,421 | €1,713 | -€1,708 | -49.9% |
| Furniture and vehicles | 24 | €2,684 | €1,378 | -€1,306 | -48.7% |
| Other tangible fixed assets | 26 | €737 | €336 | -€402 | -54.5% |
| Current assets | 29/58 | €48,743 | €70,872 | +€22,129 | +45.4% |
| Amounts receivable within one year | 40/41 | €14,839 | €21,845 | +€7,007 | +47.2% |
| Trade receivables | 40 | €14,520 | €19,330 | +€4,810 | +33.1% |
| Other amounts receivable | 41 | €319 | €2,516 | +€2,197 | +689.4% |
| Cash at bank and in hand | 54/58 | €33,335 | €47,611 | +€14,276 | +42.8% |
| Deferred charges and accrued income | 490/1 | €569 | €1,415 | +€846 | +148.8% |
| Total equity and liabilities | 10/49 | €52,164 | €72,585 | +€20,422 | +39.1% |
| Equity | 10/15 | €31,875 | €5,000 | -€26,875 | -84.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €26,875 | - | -€26,875 | |
| Distributable reserves | 133 | €26,875 | - | -€26,875 | |
| Amounts payable | 17/49 | €20,289 | €67,585 | +€47,297 | +233.1% |
| Amounts payable within one year | 42/48 | €19,907 | €66,973 | +€47,066 | +236.4% |
| Trade debts | 44 | €1,517 | €4,382 | +€2,866 | +188.9% |
| Suppliers | 440/4 | €1,517 | €4,382 | +€2,866 | +188.9% |
| Taxes, remuneration and social security | 45 | €8,002 | €10,697 | +€2,695 | +33.7% |
| Taxes | 450/3 | €8,002 | €10,697 | +€2,695 | +33.7% |
| Other amounts payable | 47/48 | €10,388 | €51,893 | +€41,506 | +399.6% |
| Accrued charges and deferred income | 492/3 | €382 | €613 | +€230 | +60.2% |
| Non-recurring operating income | 76A | - | €4,446 | +€4,446 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,708 | €1,708 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,066 | €1,262 | +€195 | +18.3% |
| Gross operating margin | 9900 | -€11,872 | €48,100 | +€59,972 | |
| Operating profit (loss) | 9901 | -€14,646 | €45,131 | +€59,777 | |
| Financial charges | 65/66B | €1,426 | €3,874 | +€2,448 | +171.7% |
| Recurring financial charges | 65 | €1,426 | €3,874 | +€2,448 | +171.7% |
| Profit (loss) for the period before taxes | 9903 | -€16,072 | €41,257 | +€57,329 | |
| Income taxes | 67/77 | €181 | €7,010 | +€6,829 | +3766.0% |
| Profit (loss) for the period | 9904 | -€16,253 | €34,247 | +€50,500 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,253 | €34,247 | +€50,500 |
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 3 October 2026 via checked.be.