VADIMMO: 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.
VADIMMO
Largest movements
- Receivables within one year -€44,958
down €44,958 (-18.4%), from €244,211 to €199,254
of which Other amounts receivable: -€44,214
- Tangible fixed assets -€26,952
down €26,952 (-6.7%), from €402,402 to €375,449
of which Land and buildings: -€22,861
- Other debts -€62,196
down €62,196 (-8.1%), from €772,571 to €710,375
- Debts after one year -€18,710
down €18,710 (-25.6%), from €73,202 to €54,492
- Gross operating margin +€18,890
up €18,890 (+17.1%), from €110,709 to €129,599
- Taxes +€5,962
up €5,962 (+32.0%), from €18,631 to €24,593
- Depreciation -€5,070
down €5,070 (-15.8%), from €32,022 to €26,952
- Financial charges +€1,945
up €1,945 (+3.1%), from €63,508 to €65,454
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 | €1,624,844 | €1,552,752 | -€72,092 | -4.4% |
| Fixed assets | 21/28 | €402,402 | €375,449 | -€26,952 | -6.7% |
| Tangible fixed assets | 22/27 | €402,402 | €375,449 | -€26,952 | -6.7% |
| Land and buildings | 22 | €393,001 | €370,140 | -€22,861 | -5.8% |
| Plant, machinery and equipment | 23 | €6,696 | €3,303 | -€3,393 | -50.7% |
| Furniture and vehicles | 24 | €2,704 | €2,006 | -€698 | -25.8% |
| Current assets | 29/58 | €1,222,442 | €1,177,302 | -€45,140 | -3.7% |
| Amounts receivable within one year | 40/41 | €244,211 | €199,254 | -€44,958 | -18.4% |
| Trade receivables | 40 | €744 | €0 | -€744 | -100% |
| Other amounts receivable | 41 | €243,468 | €199,254 | -€44,214 | -18.2% |
| Current investments | 50/53 | €960,238 | €960,238 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €17,993 | €12,161 | -€5,832 | -32.4% |
| Deferred charges and accrued income | 490/1 | €0 | €5,650 | +€5,650 | |
| Total equity and liabilities | 10/49 | €1,624,844 | €1,552,752 | -€72,092 | -4.4% |
| Equity | 10/15 | €706,165 | €708,673 | +€2,508 | +0.4% |
| Contributions | 10/11 | €298,400 | €298,400 | = | 0.0% |
| Capital | 10 | €298,400 | €298,400 | = | 0.0% |
| Issued capital | 100 | €298,400 | €298,400 | = | 0.0% |
| Reserves | 13 | €167,487 | €167,487 | = | 0.0% |
| Non-distributable reserves | 130/1 | €29,840 | €29,840 | = | 0.0% |
| Legal reserve | 130 | €29,840 | €29,840 | = | 0.0% |
| Distributable reserves | 133 | €137,647 | €137,647 | = | 0.0% |
| Profit (loss) carried forward | 14 | €240,278 | €242,785 | +€2,508 | +1.0% |
| Amounts payable | 17/49 | €918,679 | €844,079 | -€74,600 | -8.1% |
| Amounts payable after more than one year | 17 | €73,202 | €54,492 | -€18,710 | -25.6% |
| Financial debts | 170/4 | €73,202 | €54,492 | -€18,710 | -25.6% |
| Amounts payable within one year | 42/48 | €834,928 | €779,507 | -€55,421 | -6.6% |
| Current portion of amounts payable after more than one year | 42 | €18,444 | €18,710 | +€266 | +1.4% |
| Trade debts | 44 | €5,236 | €4,782 | -€454 | -8.7% |
| Suppliers | 440/4 | €5,236 | €4,782 | -€454 | -8.7% |
| Taxes, remuneration and social security | 45 | €38,677 | €45,640 | +€6,963 | +18.0% |
| Taxes | 450/3 | €38,677 | €45,640 | +€6,963 | +18.0% |
| Other amounts payable | 47/48 | €772,571 | €710,375 | -€62,196 | -8.1% |
| Accrued charges and deferred income | 492/3 | €10,549 | €10,080 | -€469 | -4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,022 | €26,952 | -€5,070 | -15.8% |
| Other operating charges | 640/8 | €9,757 | €10,095 | +€338 | +3.5% |
| Gross operating margin | 9900 | €110,709 | €129,599 | +€18,890 | +17.1% |
| Operating profit (loss) | 9901 | €68,930 | €92,552 | +€23,621 | +34.3% |
| Financial income | 75/76B | €14 | €3 | -€12 | -81.6% |
| Recurring financial income | 75 | €14 | €3 | -€12 | -81.6% |
| Financial charges | 65/66B | €63,508 | €65,454 | +€1,945 | +3.1% |
| Recurring financial charges | 65 | €63,508 | €65,454 | +€1,945 | +3.1% |
| Profit (loss) for the period before taxes | 9903 | €5,436 | €27,101 | +€21,665 | +399% |
| Income taxes | 67/77 | €18,631 | €24,593 | +€5,962 | +32.0% |
| Profit (loss) for the period | 9904 | -€13,195 | €2,508 | +€15,703 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,195 | €2,508 | +€15,703 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.