VADITECH: 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.
VADITECH
Largest movements
- Tangible fixed assets +€1.0m
up €1.0m (+82.7%), from €1.2m to €2.2m
of which Land and buildings: +€1.0m
- Debts after one year +€809,332
up €809,332 (+84.0%), from €963,922 to €1.8m
- Reserves +€87,480
up €87,480 (+20.1%), from €436,220 to €523,700
- Other debts +€70,784
up €70,784 (+97.7%), from €72,438 to €143,222
- Gross operating margin +€27,014
up €27,014 (+24.4%), from €110,726 to €137,740
- Depreciation +€6,162
up €6,162 (+11.0%), from €55,987 to €62,150
- Financial charges +€5,953
up €5,953 (+10.8%), from €55,080 to €61,034
- Taxes +€1,480
up €1,480 (+19.5%), from €7,601 to €9,081
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 | €1,629,703 | €2,651,901 | +€1.0m | +62.7% |
| Fixed assets | 21/28 | €1,588,026 | €2,606,345 | +€1.0m | +64.1% |
| Tangible fixed assets | 22/27 | €1,231,026 | €2,249,345 | +€1.0m | +82.7% |
| Land and buildings | 22 | €1,181,999 | €2,219,516 | +€1.0m | +87.8% |
| Furniture and vehicles | 24 | €38,777 | €29,829 | -€8,949 | -23.1% |
| Assets under construction and advance payments | 27 | €10,250 | - | -€10,250 | |
| Financial fixed assets | 28 | €357,000 | €357,000 | = | 0.0% |
| Current assets | 29/58 | €41,677 | €45,556 | +€3,879 | +9.3% |
| Cash at bank and in hand | 54/58 | €41,677 | €40,686 | -€991 | -2.4% |
| Deferred charges and accrued income | 490/1 | - | €4,870 | +€4,870 | |
| Total equity and liabilities | 10/49 | €1,629,703 | €2,651,901 | +€1.0m | +62.7% |
| Equity | 10/15 | €461,220 | €548,700 | +€87,480 | +19.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €436,220 | €523,700 | +€87,480 | +20.1% |
| Distributable reserves | 133 | €436,220 | €523,700 | +€87,480 | +20.1% |
| Amounts payable | 17/49 | €1,168,483 | €2,103,201 | +€934,718 | +80.0% |
| Amounts payable after more than one year | 17 | €963,922 | €1,773,254 | +€809,332 | +84.0% |
| Financial debts | 170/4 | €963,922 | €1,773,254 | +€809,332 | +84.0% |
| Amounts payable within one year | 42/48 | €204,561 | €329,947 | +€125,386 | +61.3% |
| Current portion of amounts payable after more than one year | 42 | €116,603 | €140,411 | +€23,807 | +20.4% |
| Trade debts | 44 | €521 | €23,456 | +€22,935 | +4,399% |
| Suppliers | 440/4 | €521 | €23,456 | +€22,935 | +4,399% |
| Taxes, remuneration and social security | 45 | €14,999 | €22,858 | +€7,860 | +52.4% |
| Taxes | 450/3 | €14,999 | €17,106 | +€2,107 | +14.1% |
| Remuneration and social security | 454/9 | - | €5,752 | +€5,752 | |
| Other amounts payable | 47/48 | €72,438 | €143,222 | +€70,784 | +97.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,987 | €62,150 | +€6,162 | +11.0% |
| Other operating charges | 640/8 | €408 | €395 | -€13 | -3.2% |
| Gross operating margin | 9900 | €110,726 | €137,740 | +€27,014 | +24.4% |
| Operating profit (loss) | 9901 | €54,331 | €75,195 | +€20,864 | +38.4% |
| Financial income | 75/76B | €82,400 | €82,400 | = | 0.0% |
| Recurring financial income | 75 | €82,400 | €82,400 | = | 0.0% |
| Financial charges | 65/66B | €55,080 | €61,034 | +€5,953 | +10.8% |
| Recurring financial charges | 65 | €55,080 | €61,034 | +€5,953 | +10.8% |
| Profit (loss) for the period before taxes | 9903 | €81,650 | €96,561 | +€14,911 | +18.3% |
| Income taxes | 67/77 | €7,601 | €9,081 | +€1,480 | +19.5% |
| Profit (loss) for the period | 9904 | €74,050 | €87,480 | +€13,431 | +18.1% |
| Profit (loss) for the period to be appropriated | 9905 | €74,050 | €87,480 | +€13,431 | +18.1% |
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 25 October 2026 via checked.be.