VAM&I: 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&I
Largest movements
- Receivables within one year +€46,162
up €46,162 (+15.2%), from €304,680 to €350,842
of which Other amounts receivable: +€30,025
- Cash -€33,900
down €33,900 (-56.6%), from €59,881 to €25,981
mainly Receivables within one year (-€46,162) and Tax, wage and social debts (-€22,563)
- Tangible fixed assets -€4,525
down €4,525 (-24.4%), from €18,576 to €14,051
- Reserves +€30,145
up €30,145 (+8.4%), from €358,758 to €388,903
of which Distributable reserves: +€30,145
- Tax, wage and social debts -€22,563
down €22,563 (-70.9%), from €31,827 to €9,264
of which Taxes: -€20,349
- Gross operating margin -€50,448
down €50,448 (-50.5%), from €99,834 to €49,386
- Staff costs -€27,617
down €27,617, from €25,376 to -€2,241
- Write-downs +€13,863
new in 2023: €13,863
- Taxes -€8,250
down €8,250 (-32.0%), from €25,781 to €17,530
- Financial income -€2,902
down €2,902 (-15.4%), from €18,808 to €15,907
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €405,332 | €412,874 | +€7,542 | +1.9% |
| Fixed assets | 21/28 | €40,576 | €36,051 | -€4,525 | -11.2% |
| Tangible fixed assets | 22/27 | €18,576 | €14,051 | -€4,525 | -24.4% |
| Furniture and vehicles | 24 | €18,576 | €14,051 | -€4,525 | -24.4% |
| Financial fixed assets | 28 | €22,000 | €22,000 | = | 0.0% |
| Current assets | 29/58 | €364,756 | €376,823 | +€12,067 | +3.3% |
| Amounts receivable within one year | 40/41 | €304,680 | €350,842 | +€46,162 | +15.2% |
| Trade receivables | 40 | €3,863 | €20,000 | +€16,137 | +418% |
| Other amounts receivable | 41 | €300,818 | €330,842 | +€30,025 | +10.0% |
| Cash at bank and in hand | 54/58 | €59,881 | €25,981 | -€33,900 | -56.6% |
| Deferred charges and accrued income | 490/1 | €196 | - | -€196 | |
| Total equity and liabilities | 10/49 | €405,332 | €412,874 | +€7,542 | +1.9% |
| Equity | 10/15 | €372,214 | €402,359 | +€30,145 | +8.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €358,758 | €388,903 | +€30,145 | +8.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €356,898 | €387,043 | +€30,145 | +8.4% |
| Profit (loss) carried forward | 14 | €1,055 | €1,055 | = | 0.0% |
| Amounts payable | 17/49 | €33,118 | €10,516 | -€22,603 | -68.2% |
| Amounts payable within one year | 42/48 | €33,118 | €10,516 | -€22,603 | -68.2% |
| Trade debts | 44 | €1,291 | €1,252 | -€40 | -3.1% |
| Suppliers | 440/4 | €1,291 | €1,252 | -€40 | -3.1% |
| Taxes, remuneration and social security | 45 | €31,827 | €9,264 | -€22,563 | -70.9% |
| Taxes | 450/3 | €29,613 | €9,264 | -€20,349 | -68.7% |
| Remuneration and social security | 454/9 | €2,214 | - | -€2,214 | |
| Remuneration, social security and pensions | 62 | €25,376 | -€2,241 | -€27,617 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,049 | €4,525 | +€476 | +11.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €13,863 | +€13,863 | |
| Other operating charges | 640/8 | €621 | €1,071 | +€450 | +72.5% |
| Gross operating margin | 9900 | €99,834 | €49,386 | -€50,448 | -50.5% |
| Operating profit (loss) | 9901 | €69,788 | €32,168 | -€37,620 | -53.9% |
| Financial income | 75/76B | €18,808 | €15,907 | -€2,902 | -15.4% |
| Recurring financial income | 75 | €18,808 | €15,907 | -€2,902 | -15.4% |
| Financial charges | 65/66B | €322 | €399 | +€77 | +24.0% |
| Recurring financial charges | 65 | €322 | €399 | +€77 | +24.0% |
| Profit (loss) for the period before taxes | 9903 | €88,274 | €47,675 | -€40,599 | -46.0% |
| Income taxes | 67/77 | €25,781 | €17,530 | -€8,250 | -32.0% |
| Profit (loss) for the period | 9904 | €62,493 | €30,145 | -€32,348 | -51.8% |
| Profit (loss) for the period to be appropriated | 9905 | €62,493 | €30,145 | -€32,348 | -51.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.