VADISIM: 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.
VADISIM
Largest movements
- Cash +€132,923
up €132,923 (+100%), from €132,692 to €265,616
mainly Net result for the year (+€254,581) and Other debts (+€112,900)
- Current investments -€48,663
down €48,663 (-27.4%), from €177,418 to €128,755
- Deferred charges and accrued income +€20,140
up €20,140 (+978%), from €2,059 to €22,199
- Tangible fixed assets +€8,810
up €8,810 (+186%), from €4,742 to €13,552
of which Plant, machinery and equipment: +€10,442
- Receivables within one year -€4,740
down €4,740 (-24.3%), from €19,471 to €14,731
of which Other amounts receivable: -€12,695
- Other debts +€112,900
up €112,900 (+79.7%), from €141,680 to €254,581
- Gross operating margin +€112,363
up €112,363 (+49.0%), from €229,437 to €341,800
- Taxes +€30,965
up €30,965 (+55.1%), from €56,165 to €87,130
- Depreciation -€6,271
down €6,271 (-75.6%), from €8,294 to €2,023
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 | €337,883 | €446,353 | +€108,471 | +32.1% |
| Fixed assets | 21/28 | €6,242 | €15,052 | +€8,810 | +141% |
| Tangible fixed assets | 22/27 | €4,742 | €13,552 | +€8,810 | +186% |
| Plant, machinery and equipment | 23 | €2,618 | €13,060 | +€10,442 | +399% |
| Furniture and vehicles | 24 | €2,124 | €492 | -€1,632 | -76.8% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €331,641 | €431,302 | +€99,661 | +30.1% |
| Amounts receivable within one year | 40/41 | €19,471 | €14,731 | -€4,740 | -24.3% |
| Trade receivables | 40 | - | €7,955 | +€7,955 | |
| Other amounts receivable | 41 | €19,471 | €6,776 | -€12,695 | -65.2% |
| Current investments | 50/53 | €177,418 | €128,755 | -€48,663 | -27.4% |
| Cash at bank and in hand | 54/58 | €132,692 | €265,616 | +€132,923 | +100% |
| Deferred charges and accrued income | 490/1 | €2,059 | €22,199 | +€20,140 | +978% |
| Total equity and liabilities | 10/49 | €337,883 | €446,353 | +€108,471 | +32.1% |
| Equity | 10/15 | €160,090 | €160,090 | = | 0.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €157,090 | €157,090 | = | 0.0% |
| Distributable reserves | 133 | €157,090 | €157,090 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €177,793 | €286,263 | +€108,471 | +61.0% |
| Amounts payable within one year | 42/48 | €177,793 | €286,263 | +€108,471 | +61.0% |
| Trade debts | 44 | €536 | €215 | -€321 | -59.9% |
| Suppliers | 440/4 | €536 | €215 | -€321 | -59.9% |
| Taxes, remuneration and social security | 45 | €35,576 | €31,468 | -€4,109 | -11.5% |
| Taxes | 450/3 | €35,576 | €31,468 | -€4,109 | -11.5% |
| Other amounts payable | 47/48 | €141,680 | €254,581 | +€112,900 | +79.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,294 | €2,023 | -€6,271 | -75.6% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €229,437 | €341,800 | +€112,363 | +49.0% |
| Operating profit (loss) | 9901 | €220,637 | €339,257 | +€118,620 | +53.8% |
| Financial income | 75/76B | €2,271 | €2,543 | +€272 | +12.0% |
| Recurring financial income | 75 | €2,271 | €2,543 | +€272 | +12.0% |
| Financial charges | 65/66B | €61 | €90 | +€29 | +47.3% |
| Recurring financial charges | 65 | €61 | €90 | +€29 | +47.3% |
| Profit (loss) for the period before taxes | 9903 | €222,847 | €341,710 | +€118,863 | +53.3% |
| Income taxes | 67/77 | €56,165 | €87,130 | +€30,965 | +55.1% |
| Profit (loss) for the period | 9904 | €166,683 | €254,581 | +€87,898 | +52.7% |
| Profit (loss) for the period to be appropriated | 9905 | €166,683 | €254,581 | +€87,898 | +52.7% |
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 16 October 2026 via checked.be.