Vadrilo: 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.
Vadrilo
Largest movements
- Cash -€55,322
down €55,322 (-54.8%), from €100,916 to €45,594
mainly Other debts (-€73,627) and Debts after one year (-€32,720)
- Tangible fixed assets -€37,903
down €37,903 (-5.3%), from €709,682 to €671,779
of which Assets under construction and advance payments: -€516,147
- Other debts -€73,627
down €73,627 (-60.2%), from €122,267 to €48,640
- Debts after one year -€32,720
down €32,720 (-12.1%), from €270,548 to €237,828
- Reserves +€9,725
up €9,725 (+2.7%), from €357,070 to €366,796
of which Distributable reserves: +€13,056
- Other operating charges +€4,876
up €4,876 (+44.8%), from €10,872 to €15,748
- Gross operating margin +€4,406
up €4,406 (+7.1%), from €61,708 to €66,114
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 | €822,452 | €723,467 | -€98,986 | -12.0% |
| Fixed assets | 21/28 | €709,682 | €671,779 | -€37,903 | -5.3% |
| Tangible fixed assets | 22/27 | €709,682 | €671,779 | -€37,903 | -5.3% |
| Land and buildings | 22 | €192,926 | €671,271 | +€478,345 | +247.9% |
| Plant, machinery and equipment | 23 | €608 | €508 | -€100 | -16.4% |
| Assets under construction and advance payments | 27 | €516,147 | - | -€516,147 | |
| Current assets | 29/58 | €112,770 | €51,687 | -€61,083 | -54.2% |
| Amounts receivable within one year | 40/41 | €8,862 | €6,094 | -€2,768 | -31.2% |
| Trade receivables | 40 | €3,146 | €6,094 | +€2,948 | +93.7% |
| Other amounts receivable | 41 | €5,716 | - | -€5,716 | |
| Cash at bank and in hand | 54/58 | €100,916 | €45,594 | -€55,322 | -54.8% |
| Deferred charges and accrued income | 490/1 | €2,992 | - | -€2,992 | |
| Total equity and liabilities | 10/49 | €822,452 | €723,467 | -€98,986 | -12.0% |
| Equity | 10/15 | €377,522 | €387,248 | +€9,725 | +2.6% |
| Contributions | 10/11 | €20,452 | €20,452 | = | 0.0% |
| Reserves | 13 | €357,070 | €366,796 | +€9,725 | +2.7% |
| Non-distributable reserves | 130/1 | €6,817 | €6,817 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,817 | €6,817 | = | 0.0% |
| Tax-exempt reserves | 132 | €46,624 | €43,294 | -€3,330 | -7.1% |
| Distributable reserves | 133 | €303,629 | €316,685 | +€13,056 | +4.3% |
| Provisions and deferred taxes | 16 | €15,541 | €14,431 | -€1,110 | -7.1% |
| Deferred taxes | 168 | €15,541 | €14,431 | -€1,110 | -7.1% |
| Amounts payable | 17/49 | €429,389 | €321,788 | -€107,601 | -25.1% |
| Amounts payable after more than one year | 17 | €270,548 | €237,828 | -€32,720 | -12.1% |
| Financial debts | 170/4 | €270,548 | €237,828 | -€32,720 | -12.1% |
| Amounts payable within one year | 42/48 | €156,241 | €81,359 | -€74,881 | -47.9% |
| Current portion of amounts payable after more than one year | 42 | €32,314 | €32,720 | +€405 | +1.3% |
| Trade debts | 44 | €1,659 | - | -€1,659 | |
| Suppliers | 440/4 | €1,659 | - | -€1,659 | |
| Other amounts payable | 47/48 | €122,267 | €48,640 | -€73,627 | -60.2% |
| Accrued charges and deferred income | 492/3 | €2,600 | €2,600 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,903 | €37,903 | = | 0.0% |
| Other operating charges | 640/8 | €10,872 | €15,748 | +€4,876 | +44.8% |
| Gross operating margin | 9900 | €61,708 | €66,114 | +€4,406 | +7.1% |
| Operating profit (loss) | 9901 | €12,933 | €12,463 | -€470 | -3.6% |
| Financial charges | 65/66B | €4,244 | €3,847 | -€397 | -9.3% |
| Recurring financial charges | 65 | €4,244 | €3,847 | -€397 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | €8,689 | €8,615 | -€73 | -0.8% |
| Transfer from deferred taxes | 780 | €1,110 | €1,110 | = | 0.0% |
| Profit (loss) for the period | 9904 | €9,799 | €9,725 | -€73 | -0.7% |
| Transfer from tax-exempt reserves | 789 | €3,330 | €3,330 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,129 | €13,056 | -€73 | -0.6% |
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 3 October 2026 via checked.be.