Vamacon: 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.
Vamacon
Largest movements
- Financial fixed assets +€40,506
up €40,506 (+26.1%), from €154,986 to €195,493
- Receivables within one year +€30,805
up €30,805 (+202%), from €15,250 to €46,055
of which Trade receivables: +€22,873
- Current investments -€27,709
down €27,709 (-21.3%), from €130,000 to €102,291
- Cash +€22,262
up €22,262 (+15.2%), from €146,464 to €168,726
mainly Other debts (+€87,149) and Net result for the year (+€63,542)
- Receivables after one year -€10,496
down €10,496 (-7.4%), from €142,414 to €131,917
of which Trade receivables: -€10,496
- Other debts +€87,149
up €87,149 (+63.8%), from €136,648 to €223,797
- Reserves -€27,418
down €27,418 (-6.5%), from €419,200 to €391,781
- Accrued charges and deferred income +€8,138
new in 2025: €8,138
- Financial income -€51,649
down €51,649 (-87.2%), from €59,248 to €7,599
- Taxes -€15,716
down €15,716 (-38.8%), from €40,473 to €24,756
- Gross operating margin -€6,928
down €6,928 (-7.2%), from €96,760 to €89,832
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.
Derived cash bridge
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 | €592,935 | €656,884 | +€63,949 | +10.8% |
| Fixed assets | 21/28 | €158,145 | €207,194 | +€49,049 | +31.0% |
| Tangible fixed assets | 22/27 | €3,159 | €11,702 | +€8,542 | +270% |
| Furniture and vehicles | 24 | €1,934 | €671 | -€1,263 | -65.3% |
| Other tangible fixed assets | 26 | €1,225 | €11,030 | +€9,805 | +800% |
| Financial fixed assets | 28 | €154,986 | €195,493 | +€40,506 | +26.1% |
| Current assets | 29/58 | €434,790 | €449,689 | +€14,900 | +3.4% |
| Amounts receivable after more than one year | 29 | €142,414 | €131,917 | -€10,496 | -7.4% |
| Trade receivables | 290 | €64,414 | €53,917 | -€10,496 | -16.3% |
| Other amounts receivable | 291 | €78,000 | €78,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €15,250 | €46,055 | +€30,805 | +202% |
| Trade receivables | 40 | €15,103 | €37,976 | +€22,873 | +151% |
| Other amounts receivable | 41 | €147 | €8,079 | +€7,932 | +5,387% |
| Current investments | 50/53 | €130,000 | €102,291 | -€27,709 | -21.3% |
| Cash at bank and in hand | 54/58 | €146,464 | €168,726 | +€22,262 | +15.2% |
| Deferred charges and accrued income | 490/1 | €662 | €700 | +€38 | +5.7% |
| Total equity and liabilities | 10/49 | €592,935 | €656,884 | +€63,949 | +10.8% |
| Equity | 10/15 | €437,750 | €410,331 | -€27,418 | -6.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €419,200 | €391,781 | -€27,418 | -6.5% |
| Distributable reserves | 133 | €419,200 | €391,781 | -€27,418 | -6.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €155,185 | €246,552 | +€91,367 | +58.9% |
| Amounts payable within one year | 42/48 | €155,185 | €238,415 | +€83,229 | +53.6% |
| Trade debts | 44 | €1,434 | €545 | -€890 | -62.0% |
| Suppliers | 440/4 | €1,434 | €545 | -€890 | -62.0% |
| Taxes, remuneration and social security | 45 | €17,103 | €14,073 | -€3,030 | -17.7% |
| Taxes | 450/3 | €14,903 | €14,073 | -€830 | -5.6% |
| Remuneration and social security | 454/9 | €2,200 | €0 | -€2,200 | -100% |
| Other amounts payable | 47/48 | €136,648 | €223,797 | +€87,149 | +63.8% |
| Accrued charges and deferred income | 492/3 | - | €8,138 | +€8,138 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,929 | €2,356 | +€427 | +22.1% |
| Other operating charges | 640/8 | €761 | €1,027 | +€265 | +34.8% |
| Gross operating margin | 9900 | €96,760 | €89,832 | -€6,928 | -7.2% |
| Operating profit (loss) | 9901 | €94,070 | €86,450 | -€7,620 | -8.1% |
| Financial income | 75/76B | €59,248 | €7,599 | -€51,649 | -87.2% |
| Recurring financial income | 75 | €59,248 | €7,599 | -€51,649 | -87.2% |
| Financial charges | 65/66B | €4,791 | €5,750 | +€959 | +20.0% |
| Recurring financial charges | 65 | €4,791 | €5,750 | +€959 | +20.0% |
| Profit (loss) for the period before taxes | 9903 | €148,527 | €88,299 | -€60,228 | -40.6% |
| Income taxes | 67/77 | €40,473 | €24,756 | -€15,716 | -38.8% |
| Profit (loss) for the period | 9904 | €108,054 | €63,542 | -€44,512 | -41.2% |
| Profit (loss) for the period to be appropriated | 9905 | €108,054 | €63,542 | -€44,512 | -41.2% |
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 15 October 2026 via checked.be.