VADIMO: 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.
What changed
VADIMO
NACE 68.310, Real estate agency activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€39,410
2024 · €45,867-€6,457
Equity
€1.3m
2024 · €1.2m+€39,410
Cash
€6,818
2024 · €1,832+€4,986
Balance sheet total
€6.4m
2024 · €6.3m+€46,626
Largest movements
Assets
- Receivables within one year +€174,947
up €174,947 (+75.6%), from €231,350 to €406,297
of which Trade receivables: +€169,351
- Tangible fixed assets -€129,577
down €129,577 (-2.9%), from €4.5m to €4.4m
of which Land and buildings: -€104,297
Equity and liabilities
- Other debts +€113,556
new in 2025: €113,556
- Debts after one year -€83,283
down €83,283 (-1.7%), from €4.8m to €4.8m
of which Financial debts: -€132,347
Income statement
- Gross operating margin -€25,492
down €25,492 (-8.2%), from €312,100 to €286,608
- Financial charges -€12,201
down €12,201 (-9.3%), from €131,029 to €118,828
- Financial income +€4,141
up €4,141 (+149.4%), from €2,772 to €6,913
- Depreciation -€3,161
down €3,161 (-2.4%), from €132,739 to €129,577
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.
Result 2024
€45,867
Gross operating margin
-€25,492
Depreciation
+€3,161
Other operating charges
-€468
Financial income
+€4,141
Financial charges
+€12,201
Result 2025
€39,410
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.
From operations
+€99,540
Investment
€0
Financing
-€94,554
Cash 2024
€1,832
From operations (derived)
+€99,540
Net result for the year
+€39,410
Depreciation
+€129,577
Receivables within one year
-€174,947
Deferred charges and accrued income
+€3,730
Provisions
-€2,909
Trade debts
-€19,992
Tax, wage and social debts
+€11,114
Other debts
+€113,556
Financing
-€94,554
Debts after one year
-€83,283
Current portion of long-term debt
-€11,271
Cash 2025
€6,818
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,313,852 | €6,360,478 | +€46,626 | +0.7% |
| Fixed assets | 21/28 | €6,074,928 | €5,945,350 | -€129,577 | -2.1% |
| Tangible fixed assets | 22/27 | €4,484,928 | €4,355,350 | -€129,577 | -2.9% |
| Land and buildings | 22 | €4,412,975 | €4,308,679 | -€104,297 | -2.4% |
| Plant, machinery and equipment | 23 | €2,219 | €1,362 | -€856 | -38.6% |
| Furniture and vehicles | 24 | €47,954 | €28,695 | -€19,260 | -40.2% |
| Leasing and similar rights | 25 | €7,571 | €2,406 | -€5,165 | -68.2% |
| Other tangible fixed assets | 26 | €14,209 | €14,209 | = | 0.0% |
| Financial fixed assets | 28 | €1,590,000 | €1,590,000 | = | 0.0% |
| Current assets | 29/58 | €238,924 | €415,127 | +€176,203 | +73.7% |
| Amounts receivable within one year | 40/41 | €231,350 | €406,297 | +€174,947 | +75.6% |
| Trade receivables | 40 | - | €169,351 | +€169,351 | |
| Other amounts receivable | 41 | €231,350 | €236,945 | +€5,595 | +2.4% |
| Cash at bank and in hand | 54/58 | €1,832 | €6,818 | +€4,986 | +272.1% |
| Deferred charges and accrued income | 490/1 | €5,742 | €2,012 | -€3,730 | -65.0% |
| Total equity and liabilities | 10/49 | €6,313,852 | €6,360,478 | +€46,626 | +0.7% |
| Equity | 10/15 | €1,224,211 | €1,263,620 | +€39,410 | +3.2% |
| Contributions | 10/11 | €117,749 | €117,749 | = | 0.0% |
| Capital | 10 | €117,749 | €117,749 | = | 0.0% |
| Issued capital | 100 | €117,749 | €117,749 | = | 0.0% |
| Revaluation surpluses | 12 | €1,780,461 | €1,780,461 | = | 0.0% |
| Reserves | 13 | €154,757 | €146,031 | -€8,726 | -5.6% |
| Non-distributable reserves | 130/1 | €2,591 | €2,591 | = | 0.0% |
| Legal reserve | 130 | €2,591 | €2,591 | = | 0.0% |
| Tax-exempt reserves | 132 | €152,166 | €143,440 | -€8,726 | -5.7% |
| Profit (loss) carried forward | 14 | -€828,757 | -€780,621 | +€48,136 | +5.8% |
| Provisions and deferred taxes | 16 | €50,722 | €47,813 | -€2,909 | -5.7% |
| Deferred taxes | 168 | €50,722 | €47,813 | -€2,909 | -5.7% |
| Amounts payable | 17/49 | €5,038,919 | €5,049,044 | +€10,125 | +0.2% |
| Amounts payable after more than one year | 17 | €4,842,379 | €4,759,097 | -€83,283 | -1.7% |
| Financial debts | 170/4 | €2,478,158 | €2,345,811 | -€132,347 | -5.3% |
| Other amounts payable | 178/9 | €2,364,221 | €2,413,286 | +€49,065 | +2.1% |
| Amounts payable within one year | 42/48 | €196,540 | €289,947 | +€93,407 | +47.5% |
| Current portion of amounts payable after more than one year | 42 | €143,619 | €132,347 | -€11,271 | -7.8% |
| Trade debts | 44 | €22,889 | €2,897 | -€19,992 | -87.3% |
| Suppliers | 440/4 | €22,889 | €2,897 | -€19,992 | -87.3% |
| Taxes, remuneration and social security | 45 | €30,033 | €41,147 | +€11,114 | +37.0% |
| Taxes | 450/3 | €30,033 | €41,147 | +€11,114 | +37.0% |
| Other amounts payable | 47/48 | - | €113,556 | +€113,556 | |
| Non-recurring operating income | 76A | €13,614 | - | -€13,614 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €132,739 | €129,577 | -€3,161 | -2.4% |
| Other operating charges | 640/8 | €8,146 | €8,614 | +€468 | +5.7% |
| Gross operating margin | 9900 | €312,100 | €286,608 | -€25,492 | -8.2% |
| Operating profit (loss) | 9901 | €171,215 | €148,416 | -€22,799 | -13.3% |
| Financial income | 75/76B | €2,772 | €6,913 | +€4,141 | +149.4% |
| Recurring financial income | 75 | €2,772 | €6,913 | +€4,141 | +149.4% |
| Financial charges | 65/66B | €131,029 | €118,828 | -€12,201 | -9.3% |
| Recurring financial charges | 65 | €131,029 | €118,828 | -€12,201 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | €42,958 | €36,501 | -€6,457 | -15.0% |
| Transfer from deferred taxes | 780 | €2,909 | €2,909 | = | 0.0% |
| Profit (loss) for the period | 9904 | €45,867 | €39,410 | -€6,457 | -14.1% |
| Transfer from tax-exempt reserves | 789 | €8,726 | €8,726 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €54,593 | €48,136 | -€6,457 | -11.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.