VADOYA: 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.
VADOYA
Largest movements
- Cash -€166,509
down €166,509 (-32.9%), from €506,523 to €340,014
mainly Contributions, distributions and other (-€135,000) and Investment in fixed assets (net) (-€87,560)
- Receivables within one year +€58,220
up €58,220 (+107.4%), from €54,219 to €112,439
of which Trade receivables: +€58,002
- Tangible fixed assets +€19,969
up €19,969 (+5.4%), from €370,959 to €390,929
of which Furniture and vehicles: +€32,004
- Stocks and contracts -€19,471
down €19,471 (-24.5%), from €79,533 to €60,062
of which Contracts in progress: -€16,000
- Deferred charges and accrued income +€13,023
up €13,023 (+2067.1%), from €630 to €13,653
- Reserves -€56,500
down €56,500 (-8.9%), from €633,500 to €577,000
- Debts after one year -€42,029
down €42,029 (-26.5%), from €158,871 to €116,842
- Other debts +€26,156
up €26,156 (+23.7%), from €110,439 to €136,595
- Trade debts -€22,188
down €22,188 (-67.4%), from €32,924 to €10,737
- Gross operating margin -€37,697
down €37,697 (-14.9%), from €252,954 to €215,257
- Taxes -€20,039
down €20,039 (-39.7%), from €50,481 to €30,442
- Staff costs +€15,777
new in 2024: €15,777
- Depreciation +€11,473
up €11,473 (+20.4%), from €56,117 to €67,591
- Financial income +€3,091
up €3,091 (+1287.7%), from €240 to €3,332
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,011,864 | €917,096 | -€94,767 | -9.4% |
| Fixed assets | 21/28 | €370,959 | €390,929 | +€19,969 | +5.4% |
| Tangible fixed assets | 22/27 | €370,959 | €390,929 | +€19,969 | +5.4% |
| Land and buildings | 22 | €253,414 | €244,658 | -€8,756 | -3.5% |
| Plant, machinery and equipment | 23 | €42,710 | €39,431 | -€3,279 | -7.7% |
| Furniture and vehicles | 24 | €74,835 | €106,839 | +€32,004 | +42.8% |
| Current assets | 29/58 | €640,905 | €526,168 | -€114,737 | -17.9% |
| Stocks and contracts in progress | 3 | €79,533 | €60,062 | -€19,471 | -24.5% |
| Stocks | 30/36 | €39,533 | €36,062 | -€3,471 | -8.8% |
| Contracts in progress | 37 | €40,000 | €24,000 | -€16,000 | -40.0% |
| Amounts receivable within one year | 40/41 | €54,219 | €112,439 | +€58,220 | +107.4% |
| Trade receivables | 40 | €3,439 | €61,442 | +€58,002 | +1686.6% |
| Other amounts receivable | 41 | €50,780 | €50,998 | +€218 | +0.4% |
| Cash at bank and in hand | 54/58 | €506,523 | €340,014 | -€166,509 | -32.9% |
| Deferred charges and accrued income | 490/1 | €630 | €13,653 | +€13,023 | +2067.1% |
| Total equity and liabilities | 10/49 | €1,011,864 | €917,096 | -€94,767 | -9.4% |
| Equity | 10/15 | €666,170 | €609,971 | -€56,199 | -8.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €633,500 | €577,000 | -€56,500 | -8.9% |
| Distributable reserves | 133 | €633,500 | €577,000 | -€56,500 | -8.9% |
| Profit (loss) carried forward | 14 | €26,470 | €26,771 | +€301 | +1.1% |
| Amounts payable | 17/49 | €345,694 | €307,125 | -€38,569 | -11.2% |
| Amounts payable after more than one year | 17 | €158,871 | €116,842 | -€42,029 | -26.5% |
| Financial debts | 170/4 | €158,871 | €116,842 | -€42,029 | -26.5% |
| Amounts payable within one year | 42/48 | €186,823 | €190,284 | +€3,461 | +1.9% |
| Current portion of amounts payable after more than one year | 42 | €43,380 | €42,029 | -€1,351 | -3.1% |
| Trade debts | 44 | €32,924 | €10,737 | -€22,188 | -67.4% |
| Suppliers | 440/4 | €32,924 | €10,737 | -€22,188 | -67.4% |
| Taxes, remuneration and social security | 45 | €79 | €923 | +€844 | +1062.8% |
| Taxes | 450/3 | €79 | - | -€79 | |
| Remuneration and social security | 454/9 | - | €923 | +€923 | |
| Other amounts payable | 47/48 | €110,439 | €136,595 | +€26,156 | +23.7% |
| Remuneration, social security and pensions | 62 | - | €15,777 | +€15,777 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,117 | €67,591 | +€11,473 | +20.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €950 | +€950 | |
| Other operating charges | 640/8 | €5,607 | €6,189 | +€581 | +10.4% |
| Gross operating margin | 9900 | €252,954 | €215,257 | -€37,697 | -14.9% |
| Operating profit (loss) | 9901 | €191,230 | €124,750 | -€66,479 | -34.8% |
| Financial income | 75/76B | €240 | €3,332 | +€3,091 | +1287.7% |
| Recurring financial income | 75 | €240 | €3,332 | +€3,091 | +1287.7% |
| Financial charges | 65/66B | €21,584 | €18,839 | -€2,745 | -12.7% |
| Recurring financial charges | 65 | €21,584 | €18,839 | -€2,745 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | €169,886 | €109,243 | -€60,643 | -35.7% |
| Income taxes | 67/77 | €50,481 | €30,442 | -€20,039 | -39.7% |
| Profit (loss) for the period | 9904 | €119,405 | €78,801 | -€40,604 | -34.0% |
| Profit (loss) for the period to be appropriated | 9905 | €119,405 | €78,801 | -€40,604 | -34.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.