VAMACO: what changed
VAMACO
Largest movements
- Cash +€27,990
up €27,990 (+7,566%), from €370 to €28,360
mainly Receivables within one year (+€11,808) and Deferred charges and accrued income (+€8,250)
- Receivables within one year -€11,808
down €11,808 (-97.6%), from €12,100 to €292
of which Trade receivables: -€12,100
- Deferred charges and accrued income -€8,250
down €8,250 (-100%), from €8,250 to €0
- Receivables after one year -€6,079
down €6,079 (-3.2%), from €190,850 to €184,771
- Profit (loss) carried forward +€2,754
up €2,754 (+4.9%), from €56,138 to €58,893
- Financial charges +€14,348
up €14,348 (+980%), from €1,464 to €15,812
- Gross operating margin +€13,560
up €13,560 (+226%), from €6,008 to €19,568
- Financial income -€1,909
down €1,909 (-100%), from €1,909 to €0
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €211,570 | €213,423 | +€1,853 | +0.9% |
| Current assets | 29/58 | €211,570 | €213,423 | +€1,853 | +0.9% |
| Amounts receivable after more than one year | 29 | €190,850 | €184,771 | -€6,079 | -3.2% |
| Other amounts receivable | 291 | €190,850 | €184,771 | -€6,079 | -3.2% |
| Amounts receivable within one year | 40/41 | €12,100 | €292 | -€11,808 | -97.6% |
| Trade receivables | 40 | €12,100 | €0 | -€12,100 | -100% |
| Other amounts receivable | 41 | €0 | €292 | +€292 | |
| Cash at bank and in hand | 54/58 | €370 | €28,360 | +€27,990 | +7,566% |
| Deferred charges and accrued income | 490/1 | €8,250 | €0 | -€8,250 | -100% |
| Total equity and liabilities | 10/49 | €211,570 | €213,423 | +€1,853 | +0.9% |
| Equity | 10/15 | €64,198 | €66,953 | +€2,754 | +4.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,138 | €58,893 | +€2,754 | +4.9% |
| Amounts payable | 17/49 | €147,372 | €146,471 | -€901 | -0.6% |
| Amounts payable within one year | 42/48 | €140,653 | €138,782 | -€1,871 | -1.3% |
| Trade debts | 44 | €2,191 | €217 | -€1,975 | -90.1% |
| Suppliers | 440/4 | €2,191 | €217 | -€1,975 | -90.1% |
| Taxes, remuneration and social security | 45 | €2,756 | €1,003 | -€1,753 | -63.6% |
| Taxes | 450/3 | €2,756 | €1,003 | -€1,753 | -63.6% |
| Other amounts payable | 47/48 | €135,705 | €137,562 | +€1,857 | +1.4% |
| Accrued charges and deferred income | 492/3 | €6,719 | €7,689 | +€970 | +14.4% |
| Gross operating margin | 9900 | €6,008 | €19,568 | +€13,560 | +226% |
| Operating profit (loss) | 9901 | €6,008 | €19,568 | +€13,560 | +226% |
| Financial income | 75/76B | €1,909 | €0 | -€1,909 | -100% |
| Recurring financial income | 75 | €1,909 | €0 | -€1,909 | -100% |
| Financial charges | 65/66B | €1,464 | €15,812 | +€14,348 | +980% |
| Recurring financial charges | 65 | €1,464 | €15,812 | +€14,348 | +980% |
| Profit (loss) for the period before taxes | 9903 | €6,453 | €3,757 | -€2,696 | -41.8% |
| Income taxes | 67/77 | €1,103 | €1,003 | -€100 | -9.1% |
| Profit (loss) for the period | 9904 | €5,350 | €2,754 | -€2,596 | -48.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,350 | €2,754 | -€2,596 | -48.5% |
Next steps
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 5 November 2026 via checked.be.