Vadoco: 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.
Vadoco
Largest movements
- Current investments -€3,652
down €3,652 (-3.3%), from €110,355 to €106,702
- Profit (loss) carried forward -€1,538
down €1,538 (-74.5%), from -€2,065 to -€3,603
- Gross operating margin +€2,770
no longer reported in 2025 (was -€2,770)
- Other operating charges -€514
down €514 (-48.6%), from €1,057 to €544
- Financial income +€119
up €119 (+22038.9%), from €1 to €120
- Financial charges +€73
up €73 (+7.0%), from €1,041 to €1,114
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €110,355 | €107,507 | -€2,848 | -2.6% |
| Current assets | 29/58 | €110,355 | €107,507 | -€2,848 | -2.6% |
| Current investments | 50/53 | €110,355 | €106,702 | -€3,652 | -3.3% |
| Cash at bank and in hand | 54/58 | - | €804 | +€804 | |
| Total equity and liabilities | 10/49 | €110,355 | €107,507 | -€2,848 | -2.6% |
| Equity | 10/15 | €40,095 | €38,557 | -€1,538 | -3.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €23,560 | €23,560 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €21,700 | €21,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,065 | -€3,603 | -€1,538 | -74.5% |
| Amounts payable | 17/49 | €70,260 | €68,950 | -€1,310 | -1.9% |
| Amounts payable within one year | 42/48 | €70,260 | €68,950 | -€1,310 | -1.9% |
| Financial debts | 43 | €457 | - | -€457 | |
| Credit institutions | 430/8 | €457 | - | -€457 | |
| Trade debts | 44 | - | €404 | +€404 | |
| Suppliers | 440/4 | - | €404 | +€404 | |
| Taxes, remuneration and social security | 45 | €463 | - | -€463 | |
| Taxes | 450/3 | €463 | - | -€463 | |
| Other amounts payable | 47/48 | €69,340 | €68,546 | -€794 | -1.1% |
| Other operating charges | 640/8 | €1,057 | €544 | -€514 | -48.6% |
| Gross operating margin | 9900 | -€2,770 | - | +€2,770 | |
| Operating profit (loss) | 9901 | -€3,827 | -€544 | +€3,283 | +85.8% |
| Financial income | 75/76B | €1 | €120 | +€119 | +22038.9% |
| Recurring financial income | 75 | €1 | €120 | +€119 | +22038.9% |
| Financial charges | 65/66B | €1,041 | €1,114 | +€73 | +7.0% |
| Recurring financial charges | 65 | €1,041 | €1,114 | +€73 | +7.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,868 | -€1,538 | +€3,330 | +68.4% |
| Profit (loss) for the period | 9904 | -€4,868 | -€1,538 | +€3,330 | +68.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,868 | -€1,538 | +€3,330 | +68.4% |
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 8 October 2026 via checked.be.