VAMAR: what changed
Two fiscal 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.
VAMAR
Largest movements
- Receivables within one year +€21,571
up €21,571 (+1362.9%), from €1,583 to €23,154
of which Trade receivables: +€20,214
- Cash +€7,001
up €7,001 (+505.1%), from €1,386 to €8,387
mainly Net result for the year (+€25,179) and Tax, wage and social debts (+€5,885)
- Deferred charges and accrued income +€1,648
up €1,648 (+1248.2%), from €132 to €1,780
- Tangible fixed assets +€1,418
new in 2026: €1,418
- Profit (loss) carried forward +€25,179
up €25,179 (+1536.2%), from €1,639 to €26,818
- Tax, wage and social debts +€5,885
up €5,885 (+1436.2%), from €410 to €6,295
- Trade debts +€574
up €574 (+1103.6%), from €52 to €626
- Turnover +€545,247
new in 2026: €545,247
- Purchases and services +€513,448
new in 2026: €513,448
- Gross operating margin +€29,997
up €29,997 (+1359.4%), from €2,207 to €32,204
- Taxes +€5,885
up €5,885 (+1436.2%), from €410 to €6,295
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,101 | €34,739 | +€31,638 | +1020.3% |
| Fixed assets | 21/28 | - | €1,418 | +€1,418 | |
| Tangible fixed assets | 22/27 | - | €1,418 | +€1,418 | |
| Plant, machinery and equipment | 23 | - | €1,418 | +€1,418 | |
| Current assets | 29/58 | €3,101 | €33,321 | +€30,220 | +974.6% |
| Amounts receivable within one year | 40/41 | €1,583 | €23,154 | +€21,571 | +1362.9% |
| Trade receivables | 40 | €667 | €20,881 | +€20,214 | +3030.6% |
| Other amounts receivable | 41 | €916 | €2,273 | +€1,357 | +148.2% |
| Cash at bank and in hand | 54/58 | €1,386 | €8,387 | +€7,001 | +505.1% |
| Deferred charges and accrued income | 490/1 | €132 | €1,780 | +€1,648 | +1248.2% |
| Total equity and liabilities | 10/49 | €3,101 | €34,739 | +€31,638 | +1020.3% |
| Equity | 10/15 | €2,639 | €27,818 | +€25,179 | +954.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,639 | €26,818 | +€25,179 | +1536.2% |
| Amounts payable | 17/49 | €462 | €6,921 | +€6,459 | +1398.7% |
| Amounts payable within one year | 42/48 | €462 | €6,921 | +€6,459 | +1398.7% |
| Trade debts | 44 | €52 | €626 | +€574 | +1103.6% |
| Suppliers | 440/4 | €52 | €626 | +€574 | +1103.6% |
| Taxes, remuneration and social security | 45 | €410 | €6,295 | +€5,885 | +1436.2% |
| Taxes | 450/3 | €410 | €6,295 | +€5,885 | +1436.2% |
| Turnover | 70 | - | €545,247 | +€545,247 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €513,448 | +€513,448 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €181 | +€181 | |
| Gross operating margin | 9900 | €2,207 | €32,204 | +€29,997 | +1359.4% |
| Operating profit (loss) | 9901 | €2,207 | €32,023 | +€29,816 | +1351.2% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €158 | €551 | +€393 | +249.1% |
| Recurring financial charges | 65 | €158 | €551 | +€393 | +249.1% |
| Profit (loss) for the period before taxes | 9903 | €2,049 | €31,474 | +€29,425 | +1436.2% |
| Income taxes | 67/77 | €410 | €6,295 | +€5,885 | +1436.2% |
| Profit (loss) for the period | 9904 | €1,639 | €25,179 | +€23,540 | +1436.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,639 | €25,179 | +€23,540 | +1436.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.