VAMACO.BE: 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.
VAMACO.BE
Largest movements
- Receivables within one year -€99,982
down €99,982 (-23.3%), from €428,565 to €328,582
of which Trade receivables: -€90,200
- Cash +€48,690
up €48,690 (+22.2%), from €219,069 to €267,759
mainly Other debts (+€226,347) and Net result for the year (+€128,210)
- Stocks and contracts -€19,945
down €19,945 (-3.9%), from €517,716 to €497,771
- Trade debts -€345,249
down €345,249 (-51.7%), from €667,443 to €322,194
- Other debts +€226,347
up €226,347 (+78.3%), from €289,080 to €515,427
- Reserves +€48,210
up €48,210 (+30.5%), from €158,007 to €206,217
- Staff costs +€70,434
up €70,434 (+39.2%), from €179,787 to €250,221
- Gross operating margin +€15,567
up €15,567 (+3.8%), from €406,904 to €422,471
- Other operating charges +€8,815
up €8,815 (+328.3%), from €2,685 to €11,501
- Taxes -€6,668
down €6,668 (-27.5%), from €24,207 to €17,540
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,165,933 | €1,096,732 | -€69,201 | -5.9% |
| Fixed assets | 21/28 | €584 | €2,620 | +€2,036 | +348.8% |
| Tangible fixed assets | 22/27 | €584 | €2,620 | +€2,036 | +348.8% |
| Plant, machinery and equipment | 23 | - | €2,207 | +€2,207 | |
| Furniture and vehicles | 24 | €584 | €413 | -€171 | -29.3% |
| Current assets | 29/58 | €1,165,350 | €1,094,113 | -€71,237 | -6.1% |
| Stocks and contracts in progress | 3 | €517,716 | €497,771 | -€19,945 | -3.9% |
| Stocks | 30/36 | €517,716 | €497,771 | -€19,945 | -3.9% |
| Amounts receivable within one year | 40/41 | €428,565 | €328,582 | -€99,982 | -23.3% |
| Trade receivables | 40 | €407,453 | €317,254 | -€90,200 | -22.1% |
| Other amounts receivable | 41 | €21,111 | €11,329 | -€9,783 | -46.3% |
| Cash at bank and in hand | 54/58 | €219,069 | €267,759 | +€48,690 | +22.2% |
| Total equity and liabilities | 10/49 | €1,165,933 | €1,096,732 | -€69,201 | -5.9% |
| Equity | 10/15 | €163,007 | €211,217 | +€48,210 | +29.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €158,007 | €206,217 | +€48,210 | +30.5% |
| Distributable reserves | 133 | €158,007 | €206,217 | +€48,210 | +30.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,002,926 | €885,515 | -€117,411 | -11.7% |
| Amounts payable within one year | 42/48 | €1,002,926 | €885,515 | -€117,411 | -11.7% |
| Trade debts | 44 | €667,443 | €322,194 | -€345,249 | -51.7% |
| Suppliers | 440/4 | €667,443 | €322,194 | -€345,249 | -51.7% |
| Advances received on contracts in progress | 46 | €1,000 | €0 | -€1,000 | -100.0% |
| Taxes, remuneration and social security | 45 | €45,403 | €47,894 | +€2,491 | +5.5% |
| Taxes | 450/3 | €24,475 | €18,676 | -€5,799 | -23.7% |
| Remuneration and social security | 454/9 | €20,928 | €29,218 | +€8,291 | +39.6% |
| Other amounts payable | 47/48 | €289,080 | €515,427 | +€226,347 | +78.3% |
| Remuneration, social security and pensions | 62 | €179,787 | €250,221 | +€70,434 | +39.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €171 | €612 | +€441 | +258.4% |
| Other operating charges | 640/8 | €2,685 | €11,501 | +€8,815 | +328.3% |
| Gross operating margin | 9900 | €406,904 | €422,471 | +€15,567 | +3.8% |
| Operating profit (loss) | 9901 | €224,261 | €160,137 | -€64,123 | -28.6% |
| Financial income | 75/76B | €460 | €1,831 | +€1,370 | +297.7% |
| Recurring financial income | 75 | €460 | €1,831 | +€1,370 | +297.7% |
| Financial charges | 65/66B | €12,461 | €16,218 | +€3,758 | +30.2% |
| Recurring financial charges | 65 | €12,461 | €16,218 | +€3,758 | +30.2% |
| Profit (loss) for the period before taxes | 9903 | €212,260 | €145,750 | -€66,511 | -31.3% |
| Income taxes | 67/77 | €24,207 | €17,540 | -€6,668 | -27.5% |
| Profit (loss) for the period | 9904 | €188,053 | €128,210 | -€59,843 | -31.8% |
| Profit (loss) for the period to be appropriated | 9905 | €188,053 | €128,210 | -€59,843 | -31.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.