VADOUD DERMATECH: 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.
VADOUD DERMATECH
Largest movements
- Tangible fixed assets -€47,906
down €47,906 (-33.5%), from €143,191 to €95,284
- Cash +€9,600
up €9,600 (+9.7%), from €99,308 to €108,908
mainly Depreciation (+€47,682) and Trade debts (+€624)
- Profit (loss) carried forward -€27,236
down €27,236 (-15.9%), from -€170,868 to -€198,104
- Other debts -€11,114
down €11,114 (-3.6%), from €310,544 to €299,429
- Other operating charges -€3,391
down €3,391 (-33.7%), from €10,058 to €6,667
- Gross operating margin -€1,580
down €1,580 (-5.4%), from €29,104 to €27,524
- Financial charges -€397
down €397 (-52.8%), from €752 to €355
- Depreciation -€312
down €312 (-0.7%), from €47,994 to €47,682
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 | €245,174 | €207,372 | -€37,801 | -15.4% |
| Fixed assets | 21/28 | €143,191 | €95,284 | -€47,906 | -33.5% |
| Tangible fixed assets | 22/27 | €143,191 | €95,284 | -€47,906 | -33.5% |
| Land and buildings | 22 | €143,191 | €95,284 | -€47,906 | -33.5% |
| Current assets | 29/58 | €101,983 | €112,088 | +€10,105 | +9.9% |
| Amounts receivable within one year | 40/41 | €221 | €365 | +€144 | +65.2% |
| Other amounts receivable | 41 | €221 | €365 | +€144 | +65.2% |
| Cash at bank and in hand | 54/58 | €99,308 | €108,908 | +€9,600 | +9.7% |
| Deferred charges and accrued income | 490/1 | €2,455 | €2,815 | +€361 | +14.7% |
| Total equity and liabilities | 10/49 | €245,174 | €207,372 | -€37,801 | -15.4% |
| Equity | 10/15 | -€67,568 | -€94,804 | -€27,236 | -40.3% |
| Contributions | 10/11 | €103,300 | €103,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€170,868 | -€198,104 | -€27,236 | -15.9% |
| Amounts payable | 17/49 | €312,741 | €302,176 | -€10,565 | -3.4% |
| Amounts payable within one year | 42/48 | €312,741 | €302,176 | -€10,565 | -3.4% |
| Trade debts | 44 | €1,398 | €2,021 | +€624 | +44.6% |
| Suppliers | 440/4 | €1,398 | €2,021 | +€624 | +44.6% |
| Taxes, remuneration and social security | 45 | €800 | €725 | -€75 | -9.3% |
| Taxes | 450/3 | €800 | €725 | -€75 | -9.3% |
| Other amounts payable | 47/48 | €310,544 | €299,429 | -€11,114 | -3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,994 | €47,682 | -€312 | -0.7% |
| Other operating charges | 640/8 | €10,058 | €6,667 | -€3,391 | -33.7% |
| Gross operating margin | 9900 | €29,104 | €27,524 | -€1,580 | -5.4% |
| Operating profit (loss) | 9901 | -€28,949 | -€26,825 | +€2,124 | +7.3% |
| Financial charges | 65/66B | €752 | €355 | -€397 | -52.8% |
| Recurring financial charges | 65 | €752 | €355 | -€397 | -52.8% |
| Profit (loss) for the period before taxes | 9903 | -€29,700 | -€27,180 | +€2,521 | +8.5% |
| Income taxes | 67/77 | €54 | €56 | +€2 | +3.1% |
| Profit (loss) for the period | 9904 | -€29,755 | -€27,236 | +€2,519 | +8.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,755 | -€27,236 | +€2,519 | +8.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.