Va.Me.Wo: 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.
Va.Me.Wo
Largest movements
- Tangible fixed assets -€51,297
down €51,297 (-14.1%), from €363,979 to €312,681
- Cash -€5,262
down €5,262 (-64.6%), from €8,146 to €2,883
mainly Net result for the year (-€50,210) and Provisions (-€5,728)
- Profit (loss) carried forward -€33,027
down €33,027 (-42.8%), from -€77,083 to -€110,110
- Reserves -€17,183
down €17,183 (-10.4%), from €165,592 to €148,409
of which Tax-exempt reserves: -€17,183
- Provisions -€5,728
down €5,728 (-10.5%), from €54,371 to €48,643
- Gross operating margin -€10,527
down €10,527, from €10,477 to -€51
- Depreciation -€1,278
down €1,278 (-2.4%), from €52,576 to €51,297
- Other operating charges -€704
down €704 (-12.2%), from €5,766 to €5,062
- Taxes +€356
no longer reported in 2025 (was -€356)
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 | €383,537 | €327,562 | -€55,975 | -14.6% |
| Fixed assets | 21/28 | €363,979 | €312,681 | -€51,297 | -14.1% |
| Tangible fixed assets | 22/27 | €363,979 | €312,681 | -€51,297 | -14.1% |
| Land and buildings | 22 | €363,979 | €312,681 | -€51,297 | -14.1% |
| Current assets | 29/58 | €19,558 | €14,881 | -€4,677 | -23.9% |
| Amounts receivable within one year | 40/41 | €11,413 | €11,708 | +€296 | +2.6% |
| Trade receivables | 40 | €6,100 | €6,100 | = | 0.0% |
| Other amounts receivable | 41 | €5,313 | €5,608 | +€296 | +5.6% |
| Cash at bank and in hand | 54/58 | €8,146 | €2,883 | -€5,262 | -64.6% |
| Deferred charges and accrued income | 490/1 | - | €289 | +€289 | |
| Total equity and liabilities | 10/49 | €383,537 | €327,562 | -€55,975 | -14.6% |
| Equity | 10/15 | €113,299 | €63,089 | -€50,210 | -44.3% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €165,592 | €148,409 | -€17,183 | -10.4% |
| Non-distributable reserves | 130/1 | €2,479 | €2,479 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,479 | €2,479 | = | 0.0% |
| Tax-exempt reserves | 132 | €163,113 | €145,930 | -€17,183 | -10.5% |
| Profit (loss) carried forward | 14 | -€77,083 | -€110,110 | -€33,027 | -42.8% |
| Provisions and deferred taxes | 16 | €54,371 | €48,643 | -€5,728 | -10.5% |
| Deferred taxes | 168 | €54,371 | €48,643 | -€5,728 | -10.5% |
| Amounts payable | 17/49 | €215,867 | €215,830 | -€37 | 0.0% |
| Amounts payable after more than one year | 17 | €215,541 | €215,541 | = | 0.0% |
| Financial debts | 170/4 | €215,541 | €215,541 | = | 0.0% |
| Amounts payable within one year | 42/48 | €326 | €289 | -€37 | -11.2% |
| Trade debts | 44 | €326 | €289 | -€37 | -11.2% |
| Suppliers | 440/4 | €326 | €289 | -€37 | -11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,576 | €51,297 | -€1,278 | -2.4% |
| Other operating charges | 640/8 | €5,766 | €5,062 | -€704 | -12.2% |
| Gross operating margin | 9900 | €10,477 | -€51 | -€10,527 | |
| Operating profit (loss) | 9901 | -€47,865 | -€56,410 | -€8,544 | -17.9% |
| Financial income | 75/76B | €599 | €622 | +€23 | +3.9% |
| Recurring financial income | 75 | €599 | €622 | +€23 | +3.9% |
| Financial charges | 65/66B | €135 | €150 | +€15 | +11.1% |
| Recurring financial charges | 65 | €135 | €150 | +€15 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | -€47,402 | -€55,938 | -€8,536 | -18.0% |
| Transfer from deferred taxes | 780 | €5,728 | €5,728 | = | 0.0% |
| Income taxes | 67/77 | -€356 | - | +€356 | |
| Profit (loss) for the period | 9904 | -€41,318 | -€50,210 | -€8,892 | -21.5% |
| Transfer from tax-exempt reserves | 789 | €17,183 | €17,183 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,135 | -€33,027 | -€8,892 | -36.8% |
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 30 October 2026 via checked.be.