Vadroco: 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.
Vadroco
Largest movements
- Current investments +€130,000
up €130,000 (+130.0%), from €100,000 to €230,000
- Deferred charges and accrued income +€17,425
new in 2025: €17,425
- Tangible fixed assets -€15,188
down €15,188 (-18.5%), from €82,284 to €67,096
of which Furniture and vehicles: -€14,285
- Cash -€7,429
down €7,429 (-27.1%), from €27,381 to €19,952
mainly Current investments (-€130,000) and Deferred charges and accrued income (-€17,425)
- Receivables within one year +€4,906
up €4,906 (+18.7%), from €26,187 to €31,094
of which Other amounts receivable: +€5,212
- Reserves +€110,195
up €110,195 (+51.8%), from €212,534 to €322,729
- Tax, wage and social debts +€21,360
up €21,360 (+110.6%), from €19,308 to €40,668
- Gross operating margin +€15,559
up €15,559 (+11.4%), from €136,542 to €152,101
- Taxes +€4,446
up €4,446 (+16.8%), from €26,535 to €30,981
- Financial income +€2,955
up €2,955 (+199.1%), from €1,484 to €4,439
- Depreciation +€2,105
up €2,105 (+16.1%), from €13,083 to €15,188
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 | €235,853 | €365,567 | +€129,714 | +55.0% |
| Fixed assets | 21/28 | €82,284 | €67,096 | -€15,188 | -18.5% |
| Tangible fixed assets | 22/27 | €82,284 | €67,096 | -€15,188 | -18.5% |
| Land and buildings | 22 | €14,965 | €14,215 | -€750 | -5.0% |
| Plant, machinery and equipment | 23 | €1,288 | €1,135 | -€153 | -11.9% |
| Furniture and vehicles | 24 | €66,031 | €51,746 | -€14,285 | -21.6% |
| Current assets | 29/58 | €153,569 | €298,471 | +€144,902 | +94.4% |
| Amounts receivable within one year | 40/41 | €26,187 | €31,094 | +€4,906 | +18.7% |
| Trade receivables | 40 | €19,847 | €19,542 | -€306 | -1.5% |
| Other amounts receivable | 41 | €6,340 | €11,552 | +€5,212 | +82.2% |
| Current investments | 50/53 | €100,000 | €230,000 | +€130,000 | +130.0% |
| Cash at bank and in hand | 54/58 | €27,381 | €19,952 | -€7,429 | -27.1% |
| Deferred charges and accrued income | 490/1 | - | €17,425 | +€17,425 | |
| Total equity and liabilities | 10/49 | €235,853 | €365,567 | +€129,714 | +55.0% |
| Equity | 10/15 | €214,534 | €324,729 | +€110,195 | +51.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €212,534 | €322,729 | +€110,195 | +51.8% |
| Distributable reserves | 133 | €212,534 | €322,729 | +€110,195 | +51.8% |
| Amounts payable | 17/49 | €21,319 | €40,838 | +€19,519 | +91.6% |
| Amounts payable within one year | 42/48 | €21,319 | €40,838 | +€19,519 | +91.6% |
| Trade debts | 44 | €2,011 | €170 | -€1,841 | -91.6% |
| Suppliers | 440/4 | €2,011 | €170 | -€1,841 | -91.6% |
| Taxes, remuneration and social security | 45 | €19,308 | €40,668 | +€21,360 | +110.6% |
| Taxes | 450/3 | €19,308 | €40,668 | +€21,360 | +110.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,083 | €15,188 | +€2,105 | +16.1% |
| Other operating charges | 640/8 | - | €141 | +€141 | |
| Gross operating margin | 9900 | €136,542 | €152,101 | +€15,559 | +11.4% |
| Operating profit (loss) | 9901 | €123,460 | €136,773 | +€13,313 | +10.8% |
| Financial income | 75/76B | €1,484 | €4,439 | +€2,955 | +199.1% |
| Recurring financial income | 75 | €1,484 | €4,439 | +€2,955 | +199.1% |
| Financial charges | 65/66B | €36 | €36 | = | 0.0% |
| Recurring financial charges | 65 | €36 | €36 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €124,908 | €141,176 | +€16,268 | +13.0% |
| Income taxes | 67/77 | €26,535 | €30,981 | +€4,446 | +16.8% |
| Profit (loss) for the period | 9904 | €98,373 | €110,195 | +€11,822 | +12.0% |
| Profit (loss) for the period to be appropriated | 9905 | €98,373 | €110,195 | +€11,822 | +12.0% |
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.