VAJAMA: what changed
Two fiscal 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.
VAJAMA
Largest movements
- Receivables within one year -€15,607
down €15,607 (-48.1%), from €32,471 to €16,864
- Tangible fixed assets -€1,208
down €1,208 (-1.7%), from €69,992 to €68,784
- Other debts -€23,664
down €23,664 (-71.1%), from €33,265 to €9,601
- Profit (loss) carried forward +€7,049
up €7,049 (+17.7%), from €39,741 to €46,790
- Turnover -€6,180
down €6,180 (-25.0%), from €24,720 to €18,540
- Gross operating margin -€6,141
down €6,141 (-30.1%), from €20,379 to €14,238
- Financial income -€5,007
no longer reported in 2025 (was €5,007)
of which Financial income: -€5,007
- Taxes -€2,957
down €2,957 (-52.8%), from €5,597 to €2,640
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 | €102,581 | €85,722 | -€16,859 | -16.4% |
| Fixed assets | 21/28 | €69,992 | €68,784 | -€1,208 | -1.7% |
| Tangible fixed assets | 22/27 | €69,992 | €68,784 | -€1,208 | -1.7% |
| Land and buildings | 22 | €69,992 | €68,784 | -€1,208 | -1.7% |
| Current assets | 29/58 | €32,589 | €16,938 | -€15,651 | -48.0% |
| Amounts receivable within one year | 40/41 | €32,471 | €16,864 | -€15,607 | -48.1% |
| Other amounts receivable | 41 | €32,471 | €16,864 | -€15,607 | -48.1% |
| Cash at bank and in hand | 54/58 | €117 | €73 | -€44 | -37.6% |
| Total equity and liabilities | 10/49 | €102,581 | €85,722 | -€16,859 | -16.4% |
| Equity | 10/15 | €60,193 | €67,242 | +€7,049 | +11.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | - | -€18,592 | |
| Issued capital | 100 | €18,592 | - | -€18,592 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Other | 1319 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €39,741 | €46,790 | +€7,049 | +17.7% |
| Amounts payable | 17/49 | €42,387 | €18,479 | -€23,908 | -56.4% |
| Amounts payable within one year | 42/48 | €42,387 | €18,479 | -€23,908 | -56.4% |
| Trade debts | 44 | €290 | €527 | +€236 | +81.4% |
| Suppliers | 440/4 | €290 | €527 | +€236 | +81.4% |
| Taxes, remuneration and social security | 45 | €8,832 | €8,352 | -€481 | -5.4% |
| Taxes | 450/3 | €8,832 | €8,352 | -€481 | -5.4% |
| Other amounts payable | 47/48 | €33,265 | €9,601 | -€23,664 | -71.1% |
| Turnover | 70 | €24,720 | €18,540 | -€6,180 | -25.0% |
| Non-recurring operating income | 76A | - | €182 | +€182 | |
| Goods, raw materials, services and sundry goods | 60/61 | €4,341 | €4,484 | +€144 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,208 | €1,208 | = | 0.0% |
| Other operating charges | 640/8 | €2,632 | €2,713 | +€81 | +3.1% |
| Gross operating margin | 9900 | €20,379 | €14,238 | -€6,141 | -30.1% |
| Operating profit (loss) | 9901 | €16,539 | €10,316 | -€6,223 | -37.6% |
| Financial income | 75/76B | €5,007 | - | -€5,007 | |
| Recurring financial income | 75 | €5,007 | - | -€5,007 | |
| Non-recurring financial income | 76B | €5,007 | - | -€5,007 | |
| Financial charges | 65/66B | €590 | €627 | +€38 | +6.4% |
| Recurring financial charges | 65 | €590 | €627 | +€38 | +6.4% |
| Profit (loss) for the period before taxes | 9903 | €20,956 | €9,689 | -€11,267 | -53.8% |
| Income taxes | 67/77 | €5,597 | €2,640 | -€2,957 | -52.8% |
| Profit (loss) for the period | 9904 | €15,359 | €7,049 | -€8,310 | -54.1% |
| Profit (loss) for the period to be appropriated | 9905 | €15,359 | €7,049 | -€8,310 | -54.1% |
Source: filed annual accounts (NBB), fiscal 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 September 2026 via checked.be.