VADYSOFT: what changed
Two financial 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.
VADYSOFT
Largest movements
- Receivables within one year +€180,801
up €180,801 (+310%), from €58,414 to €239,215
of which Other amounts receivable: +€140,000
- Receivables after one year -€112,000
no longer reported in 2025 (was €112,000)
- Cash -€41,435
down €41,435 (-74.6%), from €55,530 to €14,095
mainly Receivables within one year (-€180,801) and Advances received (-€10,727)
- Current investments -€31,096
down €31,096 (-46.1%), from €67,411 to €36,314
- Tangible fixed assets +€4,697
up €4,697 (+26.6%), from €17,626 to €22,322
of which Plant, machinery and equipment: +€8,728
- Trade debts +€25,787
up €25,787 (+103%), from €24,998 to €50,785
- Advances received -€10,727
down €10,727 (-99.2%), from €10,818 to €91
- Profit (loss) carried forward -€10,008
new in 2025: -€10,008
- Tax, wage and social debts -€6,146
down €6,146 (-15.9%), from €38,751 to €32,605
of which Taxes: -€7,977
- Gross operating margin -€82,873
down €82,873 (-79.0%), from €104,902 to €22,029
- Taxes -€29,726
down €29,726 (-99.9%), from €29,768 to €42
- Staff costs +€12,416
up €12,416 (+205%), from €6,045 to €18,461
- Depreciation +€2,594
up €2,594 (+76.4%), from €3,394 to €5,988
- Financial charges -€1,291
down €1,291 (-11.5%), from €11,230 to €9,939
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.
Derived cash bridge
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 | €319,465 | €318,863 | -€602 | -0.2% |
| Fixed assets | 21/28 | €17,626 | €22,322 | +€4,697 | +26.6% |
| Tangible fixed assets | 22/27 | €17,626 | €22,322 | +€4,697 | +26.6% |
| Plant, machinery and equipment | 23 | - | €8,728 | +€8,728 | |
| Furniture and vehicles | 24 | €5,411 | €3,629 | -€1,782 | -32.9% |
| Other tangible fixed assets | 26 | €12,214 | €9,966 | -€2,249 | -18.4% |
| Current assets | 29/58 | €301,840 | €296,541 | -€5,299 | -1.8% |
| Amounts receivable after more than one year | 29 | €112,000 | - | -€112,000 | |
| Other amounts receivable | 291 | €112,000 | - | -€112,000 | |
| Amounts receivable within one year | 40/41 | €58,414 | €239,215 | +€180,801 | +310% |
| Trade receivables | 40 | €24,423 | €65,224 | +€40,801 | +167% |
| Other amounts receivable | 41 | €33,991 | €173,991 | +€140,000 | +412% |
| Current investments | 50/53 | €67,411 | €36,314 | -€31,096 | -46.1% |
| Cash at bank and in hand | 54/58 | €55,530 | €14,095 | -€41,435 | -74.6% |
| Deferred charges and accrued income | 490/1 | €8,485 | €6,917 | -€1,569 | -18.5% |
| Total equity and liabilities | 10/49 | €319,465 | €318,863 | -€602 | -0.2% |
| Equity | 10/15 | €244,898 | €234,890 | -€10,008 | -4.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €232,498 | €232,498 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €230,638 | €230,638 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€10,008 | -€10,008 | |
| Amounts payable | 17/49 | €74,567 | €83,973 | +€9,406 | +12.6% |
| Amounts payable within one year | 42/48 | €74,567 | €83,481 | +€8,914 | +12.0% |
| Trade debts | 44 | €24,998 | €50,785 | +€25,787 | +103% |
| Suppliers | 440/4 | €24,998 | €50,785 | +€25,787 | +103% |
| Advances received on contracts in progress | 46 | €10,818 | €91 | -€10,727 | -99.2% |
| Taxes, remuneration and social security | 45 | €38,751 | €32,605 | -€6,146 | -15.9% |
| Taxes | 450/3 | €37,789 | €29,811 | -€7,977 | -21.1% |
| Remuneration and social security | 454/9 | €962 | €2,794 | +€1,832 | +190% |
| Accrued charges and deferred income | 492/3 | - | €492 | +€492 | |
| Remuneration, social security and pensions | 62 | €6,045 | €18,461 | +€12,416 | +205% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,394 | €5,988 | +€2,594 | +76.4% |
| Other operating charges | 640/8 | €580 | €595 | +€14 | +2.5% |
| Gross operating margin | 9900 | €104,902 | €22,029 | -€82,873 | -79.0% |
| Operating profit (loss) | 9901 | €94,883 | -€3,014 | -€97,897 | |
| Financial income | 75/76B | €3,975 | €2,987 | -€988 | -24.9% |
| Recurring financial income | 75 | €3,975 | €2,987 | -€988 | -24.9% |
| Financial charges | 65/66B | €11,230 | €9,939 | -€1,291 | -11.5% |
| Recurring financial charges | 65 | €11,230 | €9,939 | -€1,291 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | €87,628 | -€9,966 | -€97,595 | |
| Income taxes | 67/77 | €29,768 | €42 | -€29,726 | -99.9% |
| Profit (loss) for the period | 9904 | €57,860 | -€10,008 | -€67,868 | |
| Profit (loss) for the period to be appropriated | 9905 | €57,860 | -€10,008 | -€67,868 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.