VADO SOLUTIONS: 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 SOLUTIONS
Largest movements
- Receivables within one year +€19,640
up €19,640 (+51.2%), from €38,385 to €58,026
of which Other amounts receivable: +€19,263
- Tangible fixed assets +€14,520
up €14,520 (+4.8%), from €304,728 to €319,248
of which Furniture and vehicles: +€25,731
- Cash +€6,589
up €6,589 (+139%), from €4,754 to €11,343
mainly Net result for the year (+€63,756) and Depreciation (+€34,443)
- Debts after one year +€16,561
up €16,561 (+9.9%), from €167,468 to €184,029
- Trade debts +€15,999
up €15,999 (+5,018%), from €319 to €16,318
- Current portion of long-term debt +€4,745
up €4,745 (+33.6%), from €14,139 to €18,884
- Other debts +€4,117
up €4,117 (+2.9%), from €142,578 to €146,695
- Financial income +€53,501
up €53,501 (+273,521%), from €20 to €53,520
- Other operating charges -€1,130
down €1,130 (-51.0%), from €2,216 to €1,086
- Depreciation +€881
up €881 (+2.6%), from €33,561 to €34,443
- Gross operating margin +€819
up €819 (+1.4%), from €58,057 to €58,876
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 | €354,930 | €394,020 | +€39,090 | +11.0% |
| Fixed assets | 21/28 | €308,278 | €323,298 | +€15,020 | +4.9% |
| Tangible fixed assets | 22/27 | €304,728 | €319,248 | +€14,520 | +4.8% |
| Land and buildings | 22 | €247,884 | €238,577 | -€9,306 | -3.8% |
| Plant, machinery and equipment | 23 | €12,284 | €10,379 | -€1,905 | -15.5% |
| Furniture and vehicles | 24 | €44,561 | €70,292 | +€25,731 | +57.7% |
| Financial fixed assets | 28 | €3,550 | €4,050 | +€500 | +14.1% |
| Current assets | 29/58 | €46,652 | €70,722 | +€24,070 | +51.6% |
| Amounts receivable within one year | 40/41 | €38,385 | €58,026 | +€19,640 | +51.2% |
| Trade receivables | 40 | €12,719 | €13,097 | +€378 | +3.0% |
| Other amounts receivable | 41 | €25,667 | €44,929 | +€19,263 | +75.0% |
| Cash at bank and in hand | 54/58 | €4,754 | €11,343 | +€6,589 | +139% |
| Deferred charges and accrued income | 490/1 | €3,512 | €1,353 | -€2,159 | -61.5% |
| Total equity and liabilities | 10/49 | €354,930 | €394,020 | +€39,090 | +11.0% |
| Equity | 10/15 | €28,094 | €28,094 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €9,494 | €9,494 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,944 | €8,944 | = | 0.0% |
| Distributable reserves | 133 | €550 | €550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €326,836 | €365,926 | +€39,090 | +12.0% |
| Amounts payable after more than one year | 17 | €167,468 | €184,029 | +€16,561 | +9.9% |
| Financial debts | 170/4 | €167,468 | €184,029 | +€16,561 | +9.9% |
| Amounts payable within one year | 42/48 | €158,841 | €181,897 | +€23,056 | +14.5% |
| Current portion of amounts payable after more than one year | 42 | €14,139 | €18,884 | +€4,745 | +33.6% |
| Trade debts | 44 | €319 | €16,318 | +€15,999 | +5,018% |
| Suppliers | 440/4 | €319 | €16,318 | +€15,999 | +5,018% |
| Taxes, remuneration and social security | 45 | €1,805 | €0 | -€1,805 | -100% |
| Taxes | 450/3 | €1,805 | €0 | -€1,805 | -100% |
| Other amounts payable | 47/48 | €142,578 | €146,695 | +€4,117 | +2.9% |
| Accrued charges and deferred income | 492/3 | €527 | €0 | -€527 | -100% |
| Non-recurring operating income | 76A | €911 | €0 | -€911 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,561 | €34,443 | +€881 | +2.6% |
| Other operating charges | 640/8 | €2,216 | €1,086 | -€1,130 | -51.0% |
| Non-recurring operating charges | 66A | €3,545 | €4,727 | +€1,182 | +33.3% |
| Gross operating margin | 9900 | €58,057 | €58,876 | +€819 | +1.4% |
| Operating profit (loss) | 9901 | €18,735 | €18,620 | -€114 | -0.6% |
| Financial income | 75/76B | €20 | €53,520 | +€53,501 | +273,521% |
| Recurring financial income | 75 | €20 | €53,520 | +€53,501 | +273,521% |
| Financial charges | 65/66B | €3,580 | €3,039 | -€541 | -15.1% |
| Recurring financial charges | 65 | €3,580 | €3,039 | -€541 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | €15,174 | €69,102 | +€53,928 | +355% |
| Income taxes | 67/77 | €4,863 | €5,345 | +€482 | +9.9% |
| Profit (loss) for the period | 9904 | €10,311 | €63,756 | +€53,445 | +518% |
| Profit (loss) for the period to be appropriated | 9905 | €10,311 | €63,756 | +€53,445 | +518% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.