VADOSA: 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.
VADOSA
Largest movements
- Cash -€6,721
down €6,721 (-84.9%), from €7,915 to €1,194
mainly Deferred charges and accrued income (-€6,658) and Net result for the year (-€2,314)
- Deferred charges and accrued income +€6,658
new in 2025: €6,658
- Receivables within one year -€1,377
down €1,377 (-2.7%), from €51,218 to €49,841
of which Trade receivables: -€6,759
- Tangible fixed assets -€789
down €789 (-30.0%), from €2,629 to €1,841
- Profit (loss) carried forward -€2,314
down €2,314 (-5.0%), from €46,543 to €44,229
- Gross operating margin -€4,704
down €4,704, from €4,283 to -€421
- Taxes -€525
down €525 (-75.0%), from €700 to €175
- Other operating charges -€155
down €155 (-16.9%), from €916 to €761
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 | €61,793 | €59,565 | -€2,228 | -3.6% |
| Fixed assets | 21/28 | €2,659 | €1,871 | -€789 | -29.7% |
| Tangible fixed assets | 22/27 | €2,629 | €1,841 | -€789 | -30.0% |
| Furniture and vehicles | 24 | €2,629 | €1,841 | -€789 | -30.0% |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €59,133 | €57,694 | -€1,439 | -2.4% |
| Amounts receivable within one year | 40/41 | €51,218 | €49,841 | -€1,377 | -2.7% |
| Trade receivables | 40 | €6,759 | - | -€6,759 | |
| Other amounts receivable | 41 | €44,459 | €49,841 | +€5,383 | +12.1% |
| Cash at bank and in hand | 54/58 | €7,915 | €1,194 | -€6,721 | -84.9% |
| Deferred charges and accrued income | 490/1 | - | €6,658 | +€6,658 | |
| Total equity and liabilities | 10/49 | €61,793 | €59,565 | -€2,228 | -3.6% |
| Equity | 10/15 | €60,803 | €58,489 | -€2,314 | -3.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €46,543 | €44,229 | -€2,314 | -5.0% |
| Amounts payable | 17/49 | €989 | €1,075 | +€86 | +8.7% |
| Amounts payable within one year | 42/48 | €989 | €1,075 | +€86 | +8.7% |
| Trade debts | 44 | €290 | €901 | +€611 | +211% |
| Suppliers | 440/4 | €290 | €901 | +€611 | +211% |
| Taxes, remuneration and social security | 45 | €700 | €175 | -€525 | -75.0% |
| Taxes | 450/3 | €700 | €175 | -€525 | -75.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €789 | €789 | = | 0.0% |
| Other operating charges | 640/8 | €916 | €761 | -€155 | -16.9% |
| Gross operating margin | 9900 | €4,283 | -€421 | -€4,704 | |
| Operating profit (loss) | 9901 | €2,578 | -€1,971 | -€4,549 | |
| Financial charges | 65/66B | €179 | €168 | -€11 | -6.1% |
| Recurring financial charges | 65 | €179 | €168 | -€11 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | €2,399 | -€2,139 | -€4,538 | |
| Income taxes | 67/77 | €700 | €175 | -€525 | -75.0% |
| Profit (loss) for the period | 9904 | €1,699 | -€2,314 | -€4,013 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,699 | -€2,314 | -€4,013 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.