VADYCO: what changed
What changed
VADYCO
NACE 66.220, Insurance agents and brokers
filed annual accounts (NBB)
Net result for the year
€16,009
2024 · €18,846-€2,837
Equity
€195,886
2024 · €179,877+€16,009
Cash
€752
2024 · €1,036-€284
Balance sheet total
€390,974
2024 · €384,435+€6,539
Largest movements
Assets
- Receivables within one year +€10,626
up €10,626 (+33.5%), from €31,707 to €42,334
- Tangible fixed assets -€6,991
down €6,991 (-6.6%), from €106,085 to €99,094
Equity and liabilities
- Debts after one year -€16,703
no longer reported in 2025 (was €16,703)
- Profit (loss) carried forward +€16,009
up €16,009 (+11.9%), from €134,293 to €150,301
- Other debts +€6,578
up €6,578 (+5.8%), from €112,678 to €119,256
- Tax, wage and social debts +€4,290
up €4,290 (+26.0%), from €16,524 to €20,814
of which Taxes: +€2,261
Income statement
- Taxes +€1,516
up €1,516 (+31.4%), from €4,829 to €6,345
- Financial income -€1,213
down €1,213 (-91.5%), from €1,326 to €113
of which Financial income: -€1,213
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.
Result 2024
€18,846
Gross operating margin
-€347
Staff costs
+€140
Depreciation
+€351
Other operating charges
-€549
Financial income
-€1,213
Financial charges
+€296
Taxes
-€1,516
Result 2025
€16,009
raises the resultlowers the result
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.
From operations
+€15,600
Investment
€0
Financing
-€15,884
Cash 2024
€1,036
From operations (derived)
+€15,600
Net result for the year
+€16,009
Depreciation
+€6,991
Receivables within one year
-€10,626
Deferred charges and accrued income
-€3,188
Trade debts
-€3,248
Tax, wage and social debts
+€4,290
Other debts
+€6,578
Accrued charges and deferred income
-€1,205
Financing
-€15,884
Debts after one year
-€16,703
Current portion of long-term debt
-€2,454
Short-term financial debts
+€3,273
Cash 2025
€752
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €384,435 | €390,974 | +€6,539 | +1.7% |
| Fixed assets | 21/28 | €351,016 | €344,025 | -€6,991 | -2.0% |
| Tangible fixed assets | 22/27 | €106,085 | €99,094 | -€6,991 | -6.6% |
| Land and buildings | 22 | €106,085 | €99,094 | -€6,991 | -6.6% |
| Financial fixed assets | 28 | €244,931 | €244,931 | = | 0.0% |
| Current assets | 29/58 | €33,419 | €46,949 | +€13,530 | +40.5% |
| Amounts receivable within one year | 40/41 | €31,707 | €42,334 | +€10,626 | +33.5% |
| Trade receivables | 40 | €31,707 | €42,334 | +€10,626 | +33.5% |
| Cash at bank and in hand | 54/58 | €1,036 | €752 | -€284 | -27.4% |
| Deferred charges and accrued income | 490/1 | €676 | €3,863 | +€3,188 | +472% |
| Total equity and liabilities | 10/49 | €384,435 | €390,974 | +€6,539 | +1.7% |
| Equity | 10/15 | €179,877 | €195,886 | +€16,009 | +8.9% |
| Contributions | 10/11 | €37,804 | €37,804 | = | 0.0% |
| Capital | 10 | €37,804 | €37,804 | = | 0.0% |
| Issued capital | 100 | €37,804 | €37,804 | = | 0.0% |
| Reserves | 13 | €7,780 | €7,780 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,780 | €3,780 | = | 0.0% |
| Legal reserve | 130 | €3,780 | €3,780 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €134,293 | €150,301 | +€16,009 | +11.9% |
| Amounts payable | 17/49 | €204,558 | €195,089 | -€9,469 | -4.6% |
| Amounts payable after more than one year | 17 | €16,703 | - | -€16,703 | |
| Financial debts | 170/4 | €16,703 | - | -€16,703 | |
| Amounts payable within one year | 42/48 | €178,157 | €186,596 | +€8,439 | +4.7% |
| Current portion of amounts payable after more than one year | 42 | €19,157 | €16,703 | -€2,454 | -12.8% |
| Financial debts | 43 | €3,870 | €7,143 | +€3,273 | +84.6% |
| Credit institutions | 430/8 | €3,870 | €7,143 | +€3,273 | +84.6% |
| Trade debts | 44 | €25,928 | €22,680 | -€3,248 | -12.5% |
| Suppliers | 440/4 | €25,928 | €22,680 | -€3,248 | -12.5% |
| Taxes, remuneration and social security | 45 | €16,524 | €20,814 | +€4,290 | +26.0% |
| Taxes | 450/3 | €3,590 | €5,851 | +€2,261 | +63.0% |
| Remuneration and social security | 454/9 | €12,934 | €14,963 | +€2,029 | +15.7% |
| Other amounts payable | 47/48 | €112,678 | €119,256 | +€6,578 | +5.8% |
| Accrued charges and deferred income | 492/3 | €9,698 | €8,493 | -€1,205 | -12.4% |
| Remuneration, social security and pensions | 62 | €52,233 | €52,092 | -€140 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,342 | €6,991 | -€351 | -4.8% |
| Other operating charges | 640/8 | €6,786 | €7,335 | +€549 | +8.1% |
| Gross operating margin | 9900 | €97,584 | €97,237 | -€347 | -0.4% |
| Operating profit (loss) | 9901 | €31,223 | €30,819 | -€404 | -1.3% |
| Financial income | 75/76B | €1,326 | €113 | -€1,213 | -91.5% |
| Recurring financial income | 75 | €1,326 | €113 | -€1,213 | -91.5% |
| Non-recurring financial income | 76B | €1,326 | €113 | -€1,213 | -91.5% |
| Financial charges | 65/66B | €8,875 | €8,579 | -€296 | -3.3% |
| Recurring financial charges | 65 | €8,684 | €7,515 | -€1,168 | -13.5% |
| Non-recurring financial charges | 66B | €191 | €1,063 | +€873 | +457% |
| Profit (loss) for the period before taxes | 9903 | €23,675 | €22,353 | -€1,321 | -5.6% |
| Income taxes | 67/77 | €4,829 | €6,345 | +€1,516 | +31.4% |
| Profit (loss) for the period | 9904 | €18,846 | €16,009 | -€2,837 | -15.1% |
| Profit (loss) for the period to be appropriated | 9905 | €18,846 | €16,009 | -€2,837 | -15.1% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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 3 November 2026 via checked.be.