V.R.A.M. Concept: 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.
V.R.A.M. Concept
Largest movements
- Cash -€18,817
down €18,817 (-22.4%), from €83,877 to €65,061
mainly Trade debts (-€20,653) and Debts after one year (-€10,708)
- Tangible fixed assets -€3,560
down €3,560 (-12.5%), from €28,482 to €24,923
- Receivables within one year +€3,020
up €3,020 (+129%), from €2,342 to €5,362
of which Other amounts receivable: +€3,493
- Deferred charges and accrued income -€1,338
no longer reported in 2024 (was €1,338)
- Trade debts -€20,653
down €20,653 (-72.6%), from €28,447 to €7,794
- Debts after one year -€10,708
down €10,708 (-33.7%), from €31,786 to €21,078
- Profit (loss) carried forward +€10,313
up €10,313 (+35.4%), from €29,143 to €39,456
- Gross operating margin -€36,418
down €36,418 (-45.6%), from €79,806 to €43,388
- Purchases and services -€19,639
down €19,639 (-7.4%), from €266,896 to €247,257
- Staff costs -€8,640
down €8,640 (-37.6%), from €22,989 to €14,349
- Taxes -€7,407
down €7,407 (-59.4%), from €12,480 to €5,073
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €132,124 | €111,430 | -€20,694 | -15.7% |
| Fixed assets | 21/28 | €30,782 | €27,223 | -€3,560 | -11.6% |
| Tangible fixed assets | 22/27 | €28,482 | €24,923 | -€3,560 | -12.5% |
| Furniture and vehicles | 24 | €28,482 | €24,923 | -€3,560 | -12.5% |
| Financial fixed assets | 28 | €2,300 | €2,300 | = | 0.0% |
| Current assets | 29/58 | €101,342 | €84,208 | -€17,134 | -16.9% |
| Stocks and contracts in progress | 3 | €13,785 | €13,785 | = | 0.0% |
| Stocks | 30/36 | €13,785 | €13,785 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,342 | €5,362 | +€3,020 | +129% |
| Trade receivables | 40 | €1,914 | €1,441 | -€473 | -24.7% |
| Other amounts receivable | 41 | €428 | €3,921 | +€3,493 | +816% |
| Cash at bank and in hand | 54/58 | €83,877 | €65,061 | -€18,817 | -22.4% |
| Deferred charges and accrued income | 490/1 | €1,338 | - | -€1,338 | |
| Total equity and liabilities | 10/49 | €132,124 | €111,430 | -€20,694 | -15.7% |
| Equity | 10/15 | €30,543 | €40,856 | +€10,313 | +33.8% |
| Contributions | 10/11 | €1,400 | €1,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,143 | €39,456 | +€10,313 | +35.4% |
| Amounts payable | 17/49 | €101,581 | €70,574 | -€31,007 | -30.5% |
| Amounts payable after more than one year | 17 | €31,786 | €21,078 | -€10,708 | -33.7% |
| Financial debts | 170/4 | €31,786 | €21,078 | -€10,708 | -33.7% |
| Amounts payable within one year | 42/48 | €69,795 | €49,496 | -€20,299 | -29.1% |
| Current portion of amounts payable after more than one year | 42 | €10,304 | €10,708 | +€405 | +3.9% |
| Trade debts | 44 | €28,447 | €7,794 | -€20,653 | -72.6% |
| Suppliers | 440/4 | €28,447 | €7,794 | -€20,653 | -72.6% |
| Advances received on contracts in progress | 46 | €4,578 | €4,578 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €24,336 | €24,509 | +€173 | +0.7% |
| Taxes | 450/3 | €19,748 | €21,449 | +€1,701 | +8.6% |
| Remuneration and social security | 454/9 | €4,589 | €3,060 | -€1,529 | -33.3% |
| Other amounts payable | 47/48 | €2,131 | €1,908 | -€223 | -10.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €266,896 | €247,257 | -€19,639 | -7.4% |
| Remuneration, social security and pensions | 62 | €22,989 | €14,349 | -€8,640 | -37.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,514 | €5,065 | -€449 | -8.1% |
| Other operating charges | 640/8 | €7,439 | €7,033 | -€406 | -5.5% |
| Gross operating margin | 9900 | €79,806 | €43,388 | -€36,418 | -45.6% |
| Operating profit (loss) | 9901 | €43,865 | €16,940 | -€26,924 | -61.4% |
| Financial income | 75/76B | €398 | - | -€398 | |
| Recurring financial income | 75 | €398 | - | -€398 | |
| Financial charges | 65/66B | €1,557 | €1,555 | -€3 | -0.2% |
| Recurring financial charges | 65 | €1,557 | €1,555 | -€3 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | €42,706 | €15,386 | -€27,320 | -64.0% |
| Income taxes | 67/77 | €12,480 | €5,073 | -€7,407 | -59.4% |
| Profit (loss) for the period | 9904 | €30,226 | €10,313 | -€19,913 | -65.9% |
| Profit (loss) for the period to be appropriated | 9905 | €30,226 | €10,313 | -€19,913 | -65.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.