VAM-FINANCES: 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.
VAM-FINANCES
Largest movements
- Cash -€123,214
down €123,214 (-37.7%), from €326,588 to €203,374
mainly Net result for the year (-€126,065) and Debts after one year (-€34,004)
- Receivables within one year -€42,977
no longer reported in 2024 (was €42,977)
- Tangible fixed assets -€13,943
down €13,943 (-4.8%), from €293,157 to €279,214
of which Plant, machinery and equipment: -€25,950
- Profit (loss) carried forward -€126,065
down €126,065 (-26.3%), from €478,728 to €352,663
- Debts after one year -€34,004
down €34,004 (-18.5%), from €183,814 to €149,810
- Current portion of long-term debt -€18,083
down €18,083 (-54.8%), from €33,000 to €14,917
- Taxes +€85,202
up €85,202 (+436%), from €19,523 to €104,725
- Gross operating margin +€29,428
up €29,428, from -€15,446 to €13,982
- Purchases and services -€29,261
down €29,261 (-71.1%), from €41,132 to €11,871
- Write-downs -€11,596
no longer reported in 2024 (was €11,596)
- Financial charges -€6,198
down €6,198 (-43.0%), from €14,420 to €8,222
of which Financial charges: -€3,915
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €717,542 | €539,390 | -€178,152 | -24.8% |
| Fixed assets | 21/28 | €293,157 | €279,214 | -€13,943 | -4.8% |
| Tangible fixed assets | 22/27 | €293,157 | €279,214 | -€13,943 | -4.8% |
| Land and buildings | 22 | €251,146 | €239,632 | -€11,514 | -4.6% |
| Plant, machinery and equipment | 23 | €42,011 | €16,061 | -€25,950 | -61.8% |
| Furniture and vehicles | 24 | - | €23,521 | +€23,521 | |
| Current assets | 29/58 | €424,385 | €260,176 | -€164,209 | -38.7% |
| Amounts receivable after more than one year | 29 | €54,403 | €54,402 | -€1 | 0.0% |
| Other amounts receivable | 291 | €54,403 | €54,402 | -€1 | 0.0% |
| Amounts receivable within one year | 40/41 | €42,977 | - | -€42,977 | |
| Other amounts receivable | 41 | €42,977 | - | -€42,977 | |
| Current investments | 50/53 | €300 | €300 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €326,588 | €203,374 | -€123,214 | -37.7% |
| Deferred charges and accrued income | 490/1 | €117 | €2,100 | +€1,983 | +1,695% |
| Total equity and liabilities | 10/49 | €717,542 | €539,390 | -€178,152 | -24.8% |
| Equity | 10/15 | €500,728 | €374,663 | -€126,065 | -25.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | €20,000 | = | 0.0% |
| Issued capital | 100 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €478,728 | €352,663 | -€126,065 | -26.3% |
| Amounts payable | 17/49 | €216,814 | €164,727 | -€52,087 | -24.0% |
| Amounts payable after more than one year | 17 | €183,814 | €149,810 | -€34,004 | -18.5% |
| Financial debts | 170/4 | €183,814 | €149,810 | -€34,004 | -18.5% |
| Amounts payable within one year | 42/48 | €33,000 | €14,917 | -€18,083 | -54.8% |
| Current portion of amounts payable after more than one year | 42 | €33,000 | €14,917 | -€18,083 | -54.8% |
| Turnover | 70 | €25,686 | €25,853 | +€167 | +0.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €41,132 | €11,871 | -€29,261 | -71.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,110 | €24,205 | +€1,095 | +4.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11,596 | - | -€11,596 | |
| Other operating charges | 640/8 | €3,046 | €6,029 | +€2,983 | +97.9% |
| Gross operating margin | 9900 | -€15,446 | €13,982 | +€29,428 | |
| Operating profit (loss) | 9901 | -€53,198 | -€16,252 | +€36,946 | +69.4% |
| Financial income | 75/76B | - | €3,134 | +€3,134 | |
| Recurring financial income | 75 | - | €3,134 | +€3,134 | |
| Financial charges | 65/66B | €14,420 | €8,222 | -€6,198 | -43.0% |
| Recurring financial charges | 65 | €12,137 | €8,222 | -€3,915 | -32.3% |
| Non-recurring financial charges | 66B | €2,283 | - | -€2,283 | |
| Profit (loss) for the period before taxes | 9903 | -€67,618 | -€21,340 | +€46,278 | +68.4% |
| Income taxes | 67/77 | €19,523 | €104,725 | +€85,202 | +436% |
| Profit (loss) for the period | 9904 | -€87,141 | -€126,065 | -€38,924 | -44.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€87,141 | -€126,065 | -€38,924 | -44.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.