VAMALYA: 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.
VAMALYA
Largest movements
- Tangible fixed assets +€645,742
new in 2025: €645,742
of which Assets under construction and advance payments: +€375,457
- Cash +€57,704
up €57,704 (+1890.5%), from €3,052 to €60,757
mainly Debts after one year (+€603,545) and Current portion of long-term debt (+€50,603)
- Debts after one year +€603,545
new in 2025: €603,545
- Current portion of long-term debt +€50,603
new in 2025: €50,603
- Trade debts +€24,680
up €24,680 (+298.2%), from €8,277 to €32,957
- Other debts +€14,547
up €14,547 (+14.9%), from €97,339 to €111,886
- Profit (loss) carried forward +€12,455
up €12,455 (+6.8%), from €183,466 to €195,921
- Gross operating margin +€14,912
up €14,912 (+126.5%), from €11,790 to €26,702
- Taxes +€5,579
up €5,579 (+176.9%), from €3,154 to €8,733
- Financial charges +€3,720
up €3,720 (+451.8%), from €823 to €4,544
- Other operating charges +€619
up €619 (+176.1%), from €352 to €970
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 | €328,873 | €1,033,412 | +€704,539 | +214.2% |
| Fixed assets | 21/28 | €310,000 | €955,742 | +€645,742 | +208.3% |
| Tangible fixed assets | 22/27 | - | €645,742 | +€645,742 | |
| Land and buildings | 22 | - | €270,285 | +€270,285 | |
| Assets under construction and advance payments | 27 | - | €375,457 | +€375,457 | |
| Financial fixed assets | 28 | €310,000 | €310,000 | = | 0.0% |
| Current assets | 29/58 | €18,873 | €77,670 | +€58,797 | +311.5% |
| Amounts receivable within one year | 40/41 | €15,821 | €16,914 | +€1,093 | +6.9% |
| Trade receivables | 40 | €1,709 | - | -€1,709 | |
| Other amounts receivable | 41 | €14,112 | €16,914 | +€2,802 | +19.9% |
| Cash at bank and in hand | 54/58 | €3,052 | €60,757 | +€57,704 | +1890.5% |
| Total equity and liabilities | 10/49 | €328,873 | €1,033,412 | +€704,539 | +214.2% |
| Equity | 10/15 | €221,966 | €234,421 | +€12,455 | +5.6% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Reserves | 13 | €3,500 | €3,500 | = | 0.0% |
| Distributable reserves | 133 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €183,466 | €195,921 | +€12,455 | +6.8% |
| Amounts payable | 17/49 | €106,907 | €798,991 | +€692,084 | +647.4% |
| Amounts payable after more than one year | 17 | - | €603,545 | +€603,545 | |
| Financial debts | 170/4 | - | €603,545 | +€603,545 | |
| Amounts payable within one year | 42/48 | €106,907 | €195,446 | +€88,539 | +82.8% |
| Current portion of amounts payable after more than one year | 42 | - | €50,603 | +€50,603 | |
| Trade debts | 44 | €8,277 | €32,957 | +€24,680 | +298.2% |
| Suppliers | 440/4 | €8,277 | €32,957 | +€24,680 | +298.2% |
| Taxes, remuneration and social security | 45 | €1,291 | - | -€1,291 | |
| Taxes | 450/3 | €1,291 | - | -€1,291 | |
| Other amounts payable | 47/48 | €97,339 | €111,886 | +€14,547 | +14.9% |
| Other operating charges | 640/8 | €352 | €970 | +€619 | +176.1% |
| Gross operating margin | 9900 | €11,790 | €26,702 | +€14,912 | +126.5% |
| Operating profit (loss) | 9901 | €11,438 | €25,732 | +€14,293 | +125.0% |
| Financial charges | 65/66B | €823 | €4,544 | +€3,720 | +451.8% |
| Recurring financial charges | 65 | €823 | €4,544 | +€3,720 | +451.8% |
| Profit (loss) for the period before taxes | 9903 | €10,615 | €21,188 | +€10,573 | +99.6% |
| Income taxes | 67/77 | €3,154 | €8,733 | +€5,579 | +176.9% |
| Profit (loss) for the period | 9904 | €7,461 | €12,455 | +€4,994 | +66.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,461 | €12,455 | +€4,994 | +66.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.