Vado Consulting: 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.
Vado Consulting
Largest movements
- Receivables within one year +€29,890
up €29,890 (+107%), from €28,037 to €57,927
of which Trade receivables: +€29,746
- Current investments +€22,057
new in 2025: €22,057
- Tangible fixed assets -€4,233
down €4,233 (-42.7%), from €9,916 to €5,682
of which Furniture and vehicles: -€3,033
- Cash -€1,421
down €1,421 (-3.0%), from €48,003 to €46,581
mainly Contributions, distributions and other (-€79,165) and Receivables within one year (-€29,890)
- Trade debts +€31,159
up €31,159 (+4,143%), from €752 to €31,911
- Other debts +€25,646
up €25,646 (+47.9%), from €53,519 to €79,165
- Tax, wage and social debts -€10,720
down €10,720 (-34.6%), from €30,986 to €20,267
of which Taxes: -€14,825
- Gross operating margin +€78,399
up €78,399 (+47.5%), from €164,918 to €243,317
- Staff costs +€34,031
up €34,031 (+35.4%), from €96,096 to €130,127
- Taxes +€11,103
up €11,103 (+61.6%), from €18,026 to €29,130
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 | €86,258 | €132,343 | +€46,085 | +53.4% |
| Fixed assets | 21/28 | €9,916 | €5,682 | -€4,233 | -42.7% |
| Tangible fixed assets | 22/27 | €9,916 | €5,682 | -€4,233 | -42.7% |
| Plant, machinery and equipment | 23 | €3,715 | €2,515 | -€1,200 | -32.3% |
| Furniture and vehicles | 24 | €6,201 | €3,167 | -€3,033 | -48.9% |
| Current assets | 29/58 | €76,342 | €126,660 | +€50,319 | +65.9% |
| Amounts receivable within one year | 40/41 | €28,037 | €57,927 | +€29,890 | +107% |
| Trade receivables | 40 | €24,499 | €54,245 | +€29,746 | +121% |
| Other amounts receivable | 41 | €3,538 | €3,682 | +€144 | +4.1% |
| Current investments | 50/53 | - | €22,057 | +€22,057 | |
| Cash at bank and in hand | 54/58 | €48,003 | €46,581 | -€1,421 | -3.0% |
| Deferred charges and accrued income | 490/1 | €302 | €96 | -€207 | -68.4% |
| Total equity and liabilities | 10/49 | €86,258 | €132,343 | +€46,085 | +53.4% |
| Equity | 10/15 | €1,000 | €1,000 | = | 0.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €85,258 | €131,343 | +€46,085 | +54.1% |
| Amounts payable within one year | 42/48 | €85,258 | €131,343 | +€46,085 | +54.1% |
| Trade debts | 44 | €752 | €31,911 | +€31,159 | +4,143% |
| Suppliers | 440/4 | €752 | €31,911 | +€31,159 | +4,143% |
| Taxes, remuneration and social security | 45 | €30,986 | €20,267 | -€10,720 | -34.6% |
| Taxes | 450/3 | €18,043 | €3,218 | -€14,825 | -82.2% |
| Remuneration and social security | 454/9 | €12,943 | €17,049 | +€4,106 | +31.7% |
| Other amounts payable | 47/48 | €53,519 | €79,165 | +€25,646 | +47.9% |
| Remuneration, social security and pensions | 62 | €96,096 | €130,127 | +€34,031 | +35.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,774 | €4,233 | +€460 | +12.2% |
| Other operating charges | 640/8 | €554 | €531 | -€23 | -4.1% |
| Non-recurring operating charges | 66A | €3,265 | €0 | -€3,265 | -100% |
| Gross operating margin | 9900 | €164,918 | €243,317 | +€78,399 | +47.5% |
| Operating profit (loss) | 9901 | €61,229 | €108,425 | +€47,196 | +77.1% |
| Financial income | 75/76B | €34 | €134 | +€100 | +291% |
| Recurring financial income | 75 | €34 | €134 | +€100 | +291% |
| Financial charges | 65/66B | €30 | €265 | +€235 | +782% |
| Recurring financial charges | 65 | €30 | €265 | +€235 | +782% |
| Profit (loss) for the period before taxes | 9903 | €61,233 | €108,294 | +€47,061 | +76.9% |
| Income taxes | 67/77 | €18,026 | €29,130 | +€11,103 | +61.6% |
| Profit (loss) for the period | 9904 | €43,207 | €79,165 | +€35,958 | +83.2% |
| Profit (loss) for the period to be appropriated | 9905 | €43,207 | €79,165 | +€35,958 | +83.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.