VAM-CUISINES: what changed
What changed
VAM-CUISINES
NACE 47.551, Retail sale of household furniture
filed annual accounts (NBB)
Net result for the year
-€5,449
2024 · €24,547-€29,996
Equity
€31,298
2024 · €36,747-€5,449
Cash
€2,396
2024 · €102,728-€100,332
Balance sheet total
€525,370
2024 · €767,946-€242,576
Largest movements
Assets
- Cash -€100,332
down €100,332 (-97.7%), from €102,728 to €2,396
mainly Debts after one year (-€120,842) and Trade debts (-€97,325)
- Tangible fixed assets -€77,808
down €77,808 (-26.0%), from €298,884 to €221,076
of which Plant, machinery and equipment: -€74,771
- Receivables within one year -€77,688
down €77,688 (-29.8%), from €260,752 to €183,064
of which Other amounts receivable: -€63,036
- Stocks and contracts +€13,251
up €13,251 (+12.6%), from €105,584 to €118,835
Equity and liabilities
- Debts after one year -€120,842
down €120,842 (-39.5%), from €306,166 to €185,325
- Trade debts -€97,325
down €97,325 (-30.1%), from €323,148 to €225,822
of which Bills of exchange payable: -€67,344
- Current portion of long-term debt +€61,891
up €61,891 (+1,071%), from €5,777 to €67,669
- Advances received -€38,903
down €38,903 (-96.7%), from €40,219 to €1,316
- Tax, wage and social debts -€36,916
down €36,916 (-72.6%), from €50,857 to €13,941
of which Taxes: -€39,577
Income statement
- Turnover -€311,285
down €311,285 (-15.7%), from €2.0m to €1.7m
- Purchases and services -€278,028
down €278,028 (-16.2%), from €1.7m to €1.4m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€24,547
Gross operating margin
-€11,427
Staff costs
-€15,216
Depreciation
+€1,150
Other operating charges
-€6,772
Other operating items
-€1,193
Financial income
+€1,969
Financial charges
+€1,669
Taxes
-€176
Result 2025
-€5,449
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€41,382
Investment
€0
Financing
-€58,950
Cash 2024
€102,728
From operations (derived)
-€41,382
Net result for the year
-€5,449
Depreciation
+€77,808
Stocks and contracts
-€13,251
Receivables within one year
+€77,688
Trade debts
-€97,325
Tax, wage and social debts
-€36,916
Advances received
-€38,903
Accrued charges and deferred income
-€5,032
Financing
-€58,950
Debts after one year
-€120,842
Current portion of long-term debt
+€61,891
Cash 2025
€2,396
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €767,946 | €525,370 | -€242,576 | -31.6% |
| Fixed assets | 21/28 | €298,884 | €221,076 | -€77,808 | -26.0% |
| Tangible fixed assets | 22/27 | €298,884 | €221,076 | -€77,808 | -26.0% |
| Plant, machinery and equipment | 23 | €292,176 | €217,405 | -€74,771 | -25.6% |
| Furniture and vehicles | 24 | €6,708 | €3,671 | -€3,037 | -45.3% |
| Current assets | 29/58 | €469,063 | €304,294 | -€164,768 | -35.1% |
| Stocks and contracts in progress | 3 | €105,584 | €118,835 | +€13,251 | +12.6% |
| Stocks | 30/36 | €105,584 | €118,835 | +€13,251 | +12.6% |
| Amounts receivable within one year | 40/41 | €260,752 | €183,064 | -€77,688 | -29.8% |
| Trade receivables | 40 | €108,911 | €94,259 | -€14,651 | -13.5% |
| Other amounts receivable | 41 | €151,841 | €88,804 | -€63,036 | -41.5% |
| Cash at bank and in hand | 54/58 | €102,728 | €2,396 | -€100,332 | -97.7% |
| Total equity and liabilities | 10/49 | €767,946 | €525,370 | -€242,576 | -31.6% |
| Equity | 10/15 | €36,747 | €31,298 | -€5,449 | -14.8% |
| Contributions | 10/11 | €150,989 | €150,989 | = | 0.0% |
| Capital | 10 | €150,989 | €150,989 | = | 0.0% |
| Issued capital | 100 | €150,989 | €150,989 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€114,242 | -€119,691 | -€5,449 | -4.8% |
| Amounts payable | 17/49 | €731,199 | €494,072 | -€237,127 | -32.4% |
| Amounts payable after more than one year | 17 | €306,166 | €185,325 | -€120,842 | -39.5% |
| Financial debts | 170/4 | €306,166 | €185,325 | -€120,842 | -39.5% |
| Amounts payable within one year | 42/48 | €420,001 | €308,748 | -€111,253 | -26.5% |
| Current portion of amounts payable after more than one year | 42 | €5,777 | €67,669 | +€61,891 | +1,071% |
| Trade debts | 44 | €323,148 | €225,822 | -€97,325 | -30.1% |
| Suppliers | 440/4 | €37,874 | €7,893 | -€29,981 | -79.2% |
| Bills of exchange payable | 441 | €285,273 | €217,929 | -€67,344 | -23.6% |
| Advances received on contracts in progress | 46 | €40,219 | €1,316 | -€38,903 | -96.7% |
| Taxes, remuneration and social security | 45 | €50,857 | €13,941 | -€36,916 | -72.6% |
| Taxes | 450/3 | €42,178 | €2,601 | -€39,577 | -93.8% |
| Remuneration and social security | 454/9 | €8,679 | €11,340 | +€2,661 | +30.7% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €5,032 | - | -€5,032 | |
| Turnover | 70 | €1,985,912 | €1,674,627 | -€311,285 | -15.7% |
| Non-recurring operating income | 76A | €20,291 | €42,121 | +€21,830 | +108% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,711,265 | €1,433,237 | -€278,028 | -16.2% |
| Remuneration, social security and pensions | 62 | €227,892 | €243,108 | +€15,216 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,958 | €77,808 | -€1,150 | -1.5% |
| Other operating charges | 640/8 | €395 | €7,167 | +€6,772 | +1,715% |
| Non-recurring operating charges | 66A | - | €1,193 | +€1,193 | |
| Gross operating margin | 9900 | €294,938 | €283,511 | -€11,427 | -3.9% |
| Operating profit (loss) | 9901 | -€12,306 | -€45,765 | -€33,459 | -272% |
| Financial income | 75/76B | €46,252 | €48,222 | +€1,969 | +4.3% |
| Recurring financial income | 75 | €46,252 | €48,222 | +€1,969 | +4.3% |
| Financial charges | 65/66B | €9,399 | €7,730 | -€1,669 | -17.8% |
| Recurring financial charges | 65 | €8,347 | €7,496 | -€852 | -10.2% |
| Non-recurring financial charges | 66B | €1,052 | €234 | -€818 | -77.8% |
| Profit (loss) for the period before taxes | 9903 | €24,547 | -€5,273 | -€29,820 | |
| Income taxes | 67/77 | - | €176 | +€176 | |
| Profit (loss) for the period | 9904 | €24,547 | -€5,449 | -€29,996 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,547 | -€5,449 | -€29,996 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.