Vadum Consulting: what changed
Vadum Consulting
Largest movements
- Receivables within one year +€40,179
up €40,179 (+243%), from €16,526 to €56,705
of which Trade receivables: +€43,012
- Current investments +€34,886
new in 2025: €34,886
- Cash -€25,142
down €25,142 (-57.6%), from €43,658 to €18,516
mainly Contributions, distributions and other (-€50,000) and Receivables within one year (-€40,179)
- Tangible fixed assets -€14,367
down €14,367 (-17.5%), from €82,174 to €67,807
of which Furniture and vehicles: -€18,442
- Deferred charges and accrued income -€3,910
down €3,910 (-44.2%), from €8,854 to €4,944
- Reserves +€29,193
up €29,193 (+83.7%), from €34,886 to €64,079
- Debts after one year -€17,811
down €17,811 (-35.3%), from €50,406 to €32,595
- Trade debts +€13,647
up €13,647 (+606%), from €2,252 to €15,899
- Other debts +€3,004
up €3,004 (+12.6%), from €23,787 to €26,791
- Tax, wage and social debts +€2,566
up €2,566 (+14.2%), from €18,087 to €20,653
- Gross operating margin +€33,952
up €33,952 (+36.5%), from €93,132 to €127,084
- Taxes +€6,354
up €6,354 (+45.0%), from €14,123 to €20,478
- Depreciation +€1,845
up €1,845 (+8.3%), from €22,243 to €24,088
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €151,683 | €182,858 | +€31,175 | +20.6% |
| Fixed assets | 21/28 | €82,645 | €67,807 | -€14,838 | -18.0% |
| Intangible fixed assets | 21 | €471 | - | -€471 | |
| Tangible fixed assets | 22/27 | €82,174 | €67,807 | -€14,367 | -17.5% |
| Plant, machinery and equipment | 23 | €7,185 | €11,261 | +€4,076 | +56.7% |
| Furniture and vehicles | 24 | €74,988 | €56,546 | -€18,442 | -24.6% |
| Current assets | 29/58 | €69,038 | €115,051 | +€46,013 | +66.6% |
| Amounts receivable within one year | 40/41 | €16,526 | €56,705 | +€40,179 | +243% |
| Trade receivables | 40 | €11,060 | €54,072 | +€43,012 | +389% |
| Other amounts receivable | 41 | €5,467 | €2,633 | -€2,834 | -51.8% |
| Current investments | 50/53 | - | €34,886 | +€34,886 | |
| Cash at bank and in hand | 54/58 | €43,658 | €18,516 | -€25,142 | -57.6% |
| Deferred charges and accrued income | 490/1 | €8,854 | €4,944 | -€3,910 | -44.2% |
| Total equity and liabilities | 10/49 | €151,683 | €182,858 | +€31,175 | +20.6% |
| Equity | 10/15 | €39,886 | €69,079 | +€29,193 | +73.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €34,886 | €64,079 | +€29,193 | +83.7% |
| Distributable reserves | 133 | €34,886 | €64,079 | +€29,193 | +83.7% |
| Amounts payable | 17/49 | €111,797 | €113,779 | +€1,982 | +1.8% |
| Amounts payable after more than one year | 17 | €50,406 | €32,595 | -€17,811 | -35.3% |
| Financial debts | 170/4 | €50,406 | €32,595 | -€17,811 | -35.3% |
| Amounts payable within one year | 42/48 | €61,390 | €81,184 | +€19,793 | +32.2% |
| Current portion of amounts payable after more than one year | 42 | €17,242 | €17,811 | +€569 | +3.3% |
| Financial debts | 43 | €22 | €30 | +€8 | +36.4% |
| Credit institutions | 430/8 | €22 | €30 | +€8 | +36.4% |
| Trade debts | 44 | €2,252 | €15,899 | +€13,647 | +606% |
| Suppliers | 440/4 | €2,252 | €15,899 | +€13,647 | +606% |
| Taxes, remuneration and social security | 45 | €18,087 | €20,653 | +€2,566 | +14.2% |
| Taxes | 450/3 | €18,087 | €20,653 | +€2,566 | +14.2% |
| Other amounts payable | 47/48 | €23,787 | €26,791 | +€3,004 | +12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,243 | €24,088 | +€1,845 | +8.3% |
| Other operating charges | 640/8 | €1,138 | €1,211 | +€74 | +6.5% |
| Gross operating margin | 9900 | €93,132 | €127,084 | +€33,952 | +36.5% |
| Operating profit (loss) | 9901 | €69,752 | €101,785 | +€32,033 | +45.9% |
| Financial income | 75/76B | €13 | - | -€13 | |
| Recurring financial income | 75 | €13 | - | -€13 | |
| Financial charges | 65/66B | €2,647 | €2,114 | -€532 | -20.1% |
| Recurring financial charges | 65 | €2,647 | €2,114 | -€532 | -20.1% |
| Profit (loss) for the period before taxes | 9903 | €67,118 | €99,670 | +€32,552 | +48.5% |
| Income taxes | 67/77 | €14,123 | €20,478 | +€6,354 | +45.0% |
| Profit (loss) for the period | 9904 | €52,995 | €79,193 | +€26,198 | +49.4% |
| Profit (loss) for the period to be appropriated | 9905 | €52,995 | €79,193 | +€26,198 | +49.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.