Vadimo: 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.
Vadimo
Largest movements
- Current investments +€197,084
up €197,084 (+37.6%), from €524,117 to €721,201
- Cash -€165,103
down €165,103 (-43.3%), from €380,880 to €215,777
mainly Current investments (-€197,084) and Debts after one year (-€7,395)
- Tangible fixed assets -€21,387
down €21,387 (-4.4%), from €481,898 to €460,511
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€13,318
down €13,318 (-41.7%), from €31,950 to €18,632
- Financial income +€6,049
up €6,049 (+29.1%), from €20,793 to €26,842
- Taxes +€4,928
new in 2025: €4,928
- Other operating charges +€1,753
up €1,753 (+39.6%), from €4,427 to €6,180
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 | €1,394,568 | €1,402,142 | +€7,574 | +0.5% |
| Fixed assets | 21/28 | €481,898 | €460,511 | -€21,387 | -4.4% |
| Tangible fixed assets | 22/27 | €481,898 | €460,511 | -€21,387 | -4.4% |
| Land and buildings | 22 | €481,898 | €460,511 | -€21,387 | -4.4% |
| Current assets | 29/58 | €912,670 | €941,631 | +€28,961 | +3.2% |
| Amounts receivable within one year | 40/41 | €5,975 | €1,623 | -€4,352 | -72.8% |
| Other amounts receivable | 41 | €5,975 | €1,623 | -€4,352 | -72.8% |
| Current investments | 50/53 | €524,117 | €721,201 | +€197,084 | +37.6% |
| Cash at bank and in hand | 54/58 | €380,880 | €215,777 | -€165,103 | -43.3% |
| Deferred charges and accrued income | 490/1 | €1,698 | €3,030 | +€1,332 | +78.4% |
| Total equity and liabilities | 10/49 | €1,394,568 | €1,402,142 | +€7,574 | +0.5% |
| Equity | 10/15 | €1,360,650 | €1,375,038 | +€14,388 | +1.1% |
| Contributions | 10/11 | €142,440 | €142,440 | = | 0.0% |
| Reserves | 13 | €1,226,819 | €1,232,598 | +€5,779 | +0.5% |
| Tax-exempt reserves | 132 | €72,063 | €67,420 | -€4,643 | -6.4% |
| Distributable reserves | 133 | €1,154,756 | €1,165,178 | +€10,422 | +0.9% |
| Profit (loss) carried forward | 14 | -€8,609 | - | +€8,609 | |
| Provisions and deferred taxes | 16 | €24,021 | €22,473 | -€1,548 | -6.4% |
| Deferred taxes | 168 | €24,021 | €22,473 | -€1,548 | -6.4% |
| Amounts payable | 17/49 | €9,897 | €4,631 | -€5,266 | -53.2% |
| Amounts payable after more than one year | 17 | €7,395 | - | -€7,395 | |
| Other amounts payable | 178/9 | €7,395 | - | -€7,395 | |
| Amounts payable within one year | 42/48 | €2,138 | €2,267 | +€129 | +6.0% |
| Trade debts | 44 | €13 | €24 | +€11 | +84.6% |
| Suppliers | 440/4 | €13 | €24 | +€11 | +84.6% |
| Taxes, remuneration and social security | 45 | €1,428 | €1,042 | -€386 | -27.0% |
| Taxes | 450/3 | €1,428 | €1,042 | -€386 | -27.0% |
| Other amounts payable | 47/48 | €697 | €1,201 | +€504 | +72.3% |
| Accrued charges and deferred income | 492/3 | €364 | €2,364 | +€2,000 | +549% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,386 | €21,386 | = | 0.0% |
| Other operating charges | 640/8 | €4,427 | €6,180 | +€1,753 | +39.6% |
| Gross operating margin | 9900 | €31,950 | €18,632 | -€13,318 | -41.7% |
| Operating profit (loss) | 9901 | €6,137 | -€8,934 | -€15,071 | |
| Financial income | 75/76B | €20,793 | €26,842 | +€6,049 | +29.1% |
| Recurring financial income | 75 | €20,793 | €26,842 | +€6,049 | +29.1% |
| Financial charges | 65/66B | €140 | €140 | = | 0.0% |
| Recurring financial charges | 65 | €140 | €140 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €26,790 | €17,768 | -€9,022 | -33.7% |
| Transfer from deferred taxes | 780 | €1,548 | €1,548 | = | 0.0% |
| Income taxes | 67/77 | - | €4,928 | +€4,928 | |
| Profit (loss) for the period | 9904 | €28,338 | €14,388 | -€13,950 | -49.2% |
| Transfer from tax-exempt reserves | 789 | €4,643 | €4,643 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €32,981 | €19,031 | -€13,950 | -42.3% |
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 28 October 2026 via checked.be.