Vadrilo: 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.
Vadrilo
Largest movements
- Tangible fixed assets -€37,903
down €37,903 (-5.6%), from €671,779 to €633,877
of which Land and buildings: -€37,803
- Debts after one year -€33,130
down €33,130 (-13.9%), from €237,828 to €204,698
- Other debts -€23,448
down €23,448 (-48.2%), from €48,640 to €25,192
- Reserves +€13,848
up €13,848 (+3.8%), from €366,796 to €380,644
of which Distributable reserves: +€17,178
- Other operating charges -€5,471
down €5,471 (-34.7%), from €15,748 to €10,277
- Gross operating margin -€1,506
down €1,506 (-2.3%), from €66,114 to €64,607
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 | €723,467 | €680,800 | -€42,666 | -5.9% |
| Fixed assets | 21/28 | €671,779 | €633,877 | -€37,903 | -5.6% |
| Tangible fixed assets | 22/27 | €671,779 | €633,877 | -€37,903 | -5.6% |
| Land and buildings | 22 | €671,271 | €633,468 | -€37,803 | -5.6% |
| Plant, machinery and equipment | 23 | €508 | €408 | -€100 | -19.7% |
| Current assets | 29/58 | €51,687 | €46,924 | -€4,764 | -9.2% |
| Amounts receivable within one year | 40/41 | €6,094 | - | -€6,094 | |
| Trade receivables | 40 | €6,094 | - | -€6,094 | |
| Cash at bank and in hand | 54/58 | €45,594 | €46,924 | +€1,330 | +2.9% |
| Total equity and liabilities | 10/49 | €723,467 | €680,800 | -€42,666 | -5.9% |
| Equity | 10/15 | €387,248 | €401,096 | +€13,848 | +3.6% |
| Contributions | 10/11 | €20,452 | €20,452 | = | 0.0% |
| Reserves | 13 | €366,796 | €380,644 | +€13,848 | +3.8% |
| 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 | €43,294 | €39,963 | -€3,330 | -7.7% |
| Distributable reserves | 133 | €316,685 | €333,863 | +€17,178 | +5.4% |
| Provisions and deferred taxes | 16 | €14,431 | €13,321 | -€1,110 | -7.7% |
| Deferred taxes | 168 | €14,431 | €13,321 | -€1,110 | -7.7% |
| Amounts payable | 17/49 | €321,788 | €266,384 | -€55,404 | -17.2% |
| Amounts payable after more than one year | 17 | €237,828 | €204,698 | -€33,130 | -13.9% |
| Financial debts | 170/4 | €237,828 | €204,698 | -€33,130 | -13.9% |
| Amounts payable within one year | 42/48 | €81,359 | €58,817 | -€22,543 | -27.7% |
| Current portion of amounts payable after more than one year | 42 | €32,720 | €33,130 | +€410 | +1.3% |
| Trade debts | 44 | - | €495 | +€495 | |
| Suppliers | 440/4 | - | €495 | +€495 | |
| Other amounts payable | 47/48 | €48,640 | €25,192 | -€23,448 | -48.2% |
| Accrued charges and deferred income | 492/3 | €2,600 | €2,868 | +€268 | +10.3% |
| 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 | €15,748 | €10,277 | -€5,471 | -34.7% |
| Gross operating margin | 9900 | €66,114 | €64,607 | -€1,506 | -2.3% |
| Operating profit (loss) | 9901 | €12,463 | €16,428 | +€3,965 | +31.8% |
| Financial charges | 65/66B | €3,847 | €3,690 | -€158 | -4.1% |
| Recurring financial charges | 65 | €3,847 | €3,690 | -€158 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | €8,615 | €12,738 | +€4,123 | +47.9% |
| Transfer from deferred taxes | 780 | €1,110 | €1,110 | = | 0.0% |
| Profit (loss) for the period | 9904 | €9,725 | €13,848 | +€4,123 | +42.4% |
| Transfer from tax-exempt reserves | 789 | €3,330 | €3,330 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,056 | €17,178 | +€4,123 | +31.6% |
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 20 October 2026 via checked.be.