VAJAMA: 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.
What changed
VAJAMA
NACE 82.990, Other business support services
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.5m
2024 · €997,232+€541,771
Equity
€6.6m
2024 · €5.1m+€1.5m
Cash
€108,727
2024 · €163,260-€54,534
Balance sheet total
€14.5m
2024 · €13.1m+€1.5m
Largest movements
Assets
- Financial fixed assets +€1.3m
up €1.3m (+13.4%), from €9.5m to €10.8m
- Current investments +€200,000
up €200,000 (+28.6%), from €700,000 to €900,000
Equity and liabilities
- Profit (loss) carried forward +€1.5m
up €1.5m (+45.2%), from €3.4m to €4.9m
- Other debts -€437,649
down €437,649 (-33.3%), from €1.3m to €878,372
Income statement
- Financial income +€745,732
up €745,732 (+111.1%), from €671,049 to €1.4m
of which Financial income: +€782,898
- Gross operating margin -€219,271
down €219,271 (-28.2%), from €777,824 to €558,553
- Taxes -€83,067
down €83,067 (-50.0%), from €166,216 to €83,149
- Financial charges +€67,606
up €67,606 (+23.8%), from €283,674 to €351,280
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.
Result 2024
€997,232
Gross operating margin
-€219,271
Other operating charges
-€151
Financial income
+€745,732
Financial charges
-€67,606
Taxes
+€83,067
Result 2025
€1.5m
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.
From operations
+€1.2m
Investment
-€1.5m
Financing
+€244,467
Cash 2024
€163,260
From operations (derived)
+€1.2m
Net result for the year
+€1.5m
Receivables after one year
+€24,252
Receivables within one year
-€84,886
Deferred charges and accrued income
+€7,852
Trade debts
+€126,297
Tax, wage and social debts
+€15,732
Other debts
-€437,649
Accrued charges and deferred income
-€14,603
Investment (derived)
-€1.5m
Investment in fixed assets (net)
-€1.3m
Current investments
-€200,000
Financing
+€244,467
Debts after one year
+€110,035
Current portion of long-term debt
+€132,394
Short-term financial debts
+€4,037
Contributions, distributions and other
-€2,000
Cash 2025
€108,727
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,054,386 | €14,527,634 | +€1.5m | +11.3% |
| Fixed assets | 21/28 | €9,544,257 | €10,819,257 | +€1.3m | +13.4% |
| Financial fixed assets | 28 | €9,544,257 | €10,819,257 | +€1.3m | +13.4% |
| Current assets | 29/58 | €3,510,130 | €3,708,378 | +€198,248 | +5.6% |
| Amounts receivable after more than one year | 29 | €67,865 | €43,613 | -€24,252 | -35.7% |
| Other amounts receivable | 291 | €67,865 | €43,613 | -€24,252 | -35.7% |
| Amounts receivable within one year | 40/41 | €2,570,776 | €2,655,662 | +€84,886 | +3.3% |
| Trade receivables | 40 | €31,460 | €25,410 | -€6,050 | -19.2% |
| Other amounts receivable | 41 | €2,539,316 | €2,630,252 | +€90,936 | +3.6% |
| Current investments | 50/53 | €700,000 | €900,000 | +€200,000 | +28.6% |
| Cash at bank and in hand | 54/58 | €163,260 | €108,727 | -€54,534 | -33.4% |
| Deferred charges and accrued income | 490/1 | €8,229 | €376 | -€7,852 | -95.4% |
| Total equity and liabilities | 10/49 | €13,054,386 | €14,527,634 | +€1.5m | +11.3% |
| Equity | 10/15 | €5,056,153 | €6,593,156 | +€1.5m | +30.4% |
| Contributions | 10/11 | €1,500,000 | €1,500,000 | = | 0.0% |
| Capital | 10 | €1,500,000 | €1,500,000 | = | 0.0% |
| Issued capital | 100 | €1,500,000 | €1,500,000 | = | 0.0% |
| Reserves | 13 | €155,490 | €155,490 | = | 0.0% |
| Non-distributable reserves | 130/1 | €150,000 | €150,000 | = | 0.0% |
| Legal reserve | 130 | €150,000 | €150,000 | = | 0.0% |
| Distributable reserves | 133 | €5,490 | €5,490 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,400,663 | €4,937,666 | +€1.5m | +45.2% |
| Amounts payable | 17/49 | €7,998,233 | €7,934,479 | -€63,755 | -0.8% |
| Amounts payable after more than one year | 17 | €6,056,719 | €6,166,754 | +€110,035 | +1.8% |
| Financial debts | 170/4 | €6,056,719 | €6,166,754 | +€110,035 | +1.8% |
| Amounts payable within one year | 42/48 | €1,925,844 | €1,766,657 | -€159,187 | -8.3% |
| Current portion of amounts payable after more than one year | 42 | €543,285 | €675,679 | +€132,394 | +24.4% |
| Financial debts | 43 | - | €4,037 | +€4,037 | |
| Credit institutions | 430/8 | - | €4,037 | +€4,037 | |
| Trade debts | 44 | €1,399 | €127,696 | +€126,297 | +9029.3% |
| Suppliers | 440/4 | €1,399 | €127,696 | +€126,297 | +9029.3% |
| Taxes, remuneration and social security | 45 | €65,140 | €80,873 | +€15,732 | +24.2% |
| Taxes | 450/3 | €65,140 | €80,873 | +€15,732 | +24.2% |
| Other amounts payable | 47/48 | €1,316,021 | €878,372 | -€437,649 | -33.3% |
| Accrued charges and deferred income | 492/3 | €15,670 | €1,067 | -€14,603 | -93.2% |
| Non-recurring operating income | 76A | - | €0 | = | |
| Other operating charges | 640/8 | €1,750 | €1,902 | +€151 | +8.6% |
| Gross operating margin | 9900 | €777,824 | €558,553 | -€219,271 | -28.2% |
| Operating profit (loss) | 9901 | €776,074 | €556,651 | -€219,422 | -28.3% |
| Financial income | 75/76B | €671,049 | €1,416,781 | +€745,732 | +111.1% |
| Recurring financial income | 75 | €633,883 | €1,416,781 | +€782,898 | +123.5% |
| Non-recurring financial income | 76B | €37,166 | - | -€37,166 | |
| Financial charges | 65/66B | €283,674 | €351,280 | +€67,606 | +23.8% |
| Recurring financial charges | 65 | €283,674 | €351,280 | +€67,606 | +23.8% |
| Profit (loss) for the period before taxes | 9903 | €1,163,448 | €1,622,152 | +€458,704 | +39.4% |
| Income taxes | 67/77 | €166,216 | €83,149 | -€83,067 | -50.0% |
| Profit (loss) for the period | 9904 | €997,232 | €1,539,003 | +€541,771 | +54.3% |
| Profit (loss) for the period to be appropriated | 9905 | €997,232 | €1,539,003 | +€541,771 | +54.3% |
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 10 October 2026 via checked.be.