VADOMAR: 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.
VADOMAR
Largest movements
- Receivables within one year -€148,606
down €148,606 (-28.1%), from €528,720 to €380,114
of which Other amounts receivable: -€148,545
- Cash -€85,631
down €85,631 (-94.4%), from €90,719 to €5,088
mainly Other debts (-€619,671) and Debts after one year (-€167,943)
- Other debts -€619,671
down €619,671 (-92.2%), from €672,256 to €52,585
- Reserves +€515,516
up €515,516 (+35.8%), from €1.4m to €2.0m
- Debts after one year -€167,943
down €167,943 (-6.3%), from €2.7m to €2.5m
of which Financial debts: -€167,943
- Gross operating margin +€153,962
up €153,962 (+63.0%), from €244,489 to €398,451
- Taxes +€54,072
up €54,072 (+64.1%), from €84,316 to €138,389
- Financial charges -€18,995
down €18,995 (-24.7%), from €76,971 to €57,977
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 | €5,139,377 | €4,905,140 | -€234,237 | -4.6% |
| Fixed assets | 21/28 | €4,519,420 | €4,519,420 | = | 0.0% |
| Financial fixed assets | 28 | €4,519,420 | €4,519,420 | = | 0.0% |
| Current assets | 29/58 | €619,957 | €385,720 | -€234,237 | -37.8% |
| Amounts receivable within one year | 40/41 | €528,720 | €380,114 | -€148,606 | -28.1% |
| Trade receivables | 40 | €61 | - | -€61 | |
| Other amounts receivable | 41 | €528,659 | €380,114 | -€148,545 | -28.1% |
| Cash at bank and in hand | 54/58 | €90,719 | €5,088 | -€85,631 | -94.4% |
| Deferred charges and accrued income | 490/1 | €518 | €518 | = | 0.0% |
| Total equity and liabilities | 10/49 | €5,139,377 | €4,905,140 | -€234,237 | -4.6% |
| Equity | 10/15 | €1,541,471 | €2,056,986 | +€515,516 | +33.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €1,441,471 | €1,956,986 | +€515,516 | +35.8% |
| Distributable reserves | 133 | €1,441,471 | €1,956,986 | +€515,516 | +35.8% |
| Amounts payable | 17/49 | €3,597,907 | €2,848,154 | -€749,753 | -20.8% |
| Amounts payable after more than one year | 17 | €2,684,235 | €2,516,292 | -€167,943 | -6.3% |
| Financial debts | 170/4 | €684,235 | €516,292 | -€167,943 | -24.5% |
| Other amounts payable | 178/9 | €2,000,000 | €2,000,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €867,952 | €297,916 | -€570,036 | -65.7% |
| Current portion of amounts payable after more than one year | 42 | €165,907 | €167,943 | +€2,035 | +1.2% |
| Trade debts | 44 | €2,674 | €2,674 | = | 0.0% |
| Suppliers | 440/4 | €2,674 | €2,674 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €27,115 | €74,714 | +€47,599 | +175.5% |
| Taxes | 450/3 | €24,865 | €74,714 | +€49,849 | +200.5% |
| Remuneration and social security | 454/9 | €2,250 | - | -€2,250 | |
| Other amounts payable | 47/48 | €672,256 | €52,585 | -€619,671 | -92.2% |
| Accrued charges and deferred income | 492/3 | €45,720 | €33,946 | -€11,774 | -25.8% |
| Other operating charges | 640/8 | €1,225 | €1,094 | -€131 | -10.7% |
| Gross operating margin | 9900 | €244,489 | €398,451 | +€153,962 | +63.0% |
| Operating profit (loss) | 9901 | €243,264 | €397,357 | +€154,093 | +63.3% |
| Financial income | 75/76B | €315,687 | €315,383 | -€304 | -0.1% |
| Recurring financial income | 75 | €315,687 | €315,383 | -€304 | -0.1% |
| Financial charges | 65/66B | €76,971 | €57,977 | -€18,995 | -24.7% |
| Recurring financial charges | 65 | €76,971 | €57,977 | -€18,995 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €481,980 | €654,763 | +€172,784 | +35.8% |
| Income taxes | 67/77 | €84,316 | €138,389 | +€54,072 | +64.1% |
| Profit (loss) for the period | 9904 | €397,663 | €516,375 | +€118,711 | +29.9% |
| Profit (loss) for the period to be appropriated | 9905 | €397,663 | €516,375 | +€118,711 | +29.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.