VAARMEESTER: 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.
VAARMEESTER
Largest movements
- Cash -€1,184
down €1,184 (-17.7%), from €6,692 to €5,507
mainly Net result for the year (-€2,284) and Deferred charges and accrued income (-€88)
- Stocks and contracts -€706
down €706 (-100.0%), from €706 to €0
- Receivables within one year -€417
down €417 (-63.0%), from €662 to €245
of which Other amounts receivable: -€657
- Deferred charges and accrued income +€88
up €88 (+47.1%), from €186 to €274
- Profit (loss) carried forward -€2,284
down €2,284 (-16.3%), from -€14,030 to -€16,314
- Trade debts +€126
up €126 (+581.5%), from €22 to €147
- Gross operating margin +€482
up €482 (+23.4%), from -€2,059 to -€1,576
- Depreciation -€142
down €142 (-100.0%), from €142 to €0
- Financial charges +€50
up €50 (+33.7%), from €147 to €197
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.
Cash bridge derived
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 | €8,247 | €6,027 | -€2,220 | -26.9% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €8,247 | €6,027 | -€2,220 | -26.9% |
| Stocks and contracts in progress | 3 | €706 | €0 | -€706 | -100.0% |
| Stocks | 30/36 | €706 | €0 | -€706 | -100.0% |
| Amounts receivable within one year | 40/41 | €662 | €245 | -€417 | -63.0% |
| Trade receivables | 40 | - | €240 | +€240 | |
| Other amounts receivable | 41 | €662 | €5 | -€657 | -99.2% |
| Cash at bank and in hand | 54/58 | €6,692 | €5,507 | -€1,184 | -17.7% |
| Deferred charges and accrued income | 490/1 | €186 | €274 | +€88 | +47.1% |
| Total equity and liabilities | 10/49 | €8,247 | €6,027 | -€2,220 | -26.9% |
| Equity | 10/15 | €7,970 | €5,686 | -€2,284 | -28.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,030 | -€16,314 | -€2,284 | -16.3% |
| Amounts payable | 17/49 | €277 | €341 | +€64 | +23.3% |
| Amounts payable within one year | 42/48 | €275 | €341 | +€66 | +23.9% |
| Trade debts | 44 | €22 | €147 | +€126 | +581.5% |
| Suppliers | 440/4 | €22 | €147 | +€126 | +581.5% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €254 | €194 | -€60 | -23.7% |
| Accrued charges and deferred income | 492/3 | €1 | €0 | -€1 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €142 | €0 | -€142 | -100.0% |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Gross operating margin | 9900 | -€2,059 | -€1,576 | +€482 | +23.4% |
| Operating profit (loss) | 9901 | -€2,714 | -€2,104 | +€610 | +22.5% |
| Financial income | 75/76B | €36 | €17 | -€19 | -52.2% |
| Recurring financial income | 75 | €36 | €17 | -€19 | -52.2% |
| Financial charges | 65/66B | €147 | €197 | +€50 | +33.7% |
| Recurring financial charges | 65 | €147 | €197 | +€50 | +33.7% |
| Profit (loss) for the period before taxes | 9903 | -€2,826 | -€2,284 | +€541 | +19.2% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€2,826 | -€2,284 | +€541 | +19.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,826 | -€2,284 | +€541 | +19.2% |
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 11 October 2026 via checked.be.