VAMAREIN: 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.
VAMAREIN
Largest movements
- Current investments +€35,000
new in 2025: €35,000
- Cash -€31,702
down €31,702 (-80.8%), from €39,252 to €7,550
mainly Current investments (-€35,000) and Investment in fixed assets (net) (-€7,635)
- Receivables within one year +€5,233
up €5,233 (+577.0%), from €907 to €6,140
of which Trade receivables: +€4,923
- Tangible fixed assets -€3,390
down €3,390 (-3.1%), from €110,053 to €106,663
of which Land and buildings: -€2,649
- Profit (loss) carried forward +€2,418
up €2,418 (+5.1%), from -€47,540 to -€45,122
- Other debts +€1,600
up €1,600, from €0 to €1,600
- Gross operating margin +€15,092
up €15,092, from -€499 to €14,593
- Depreciation +€311
up €311 (+2.9%), from €10,714 to €11,025
- Financial income +€248
new in 2025: €248
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 | €151,978 | €156,598 | +€4,619 | +3.0% |
| Fixed assets | 21/28 | €110,053 | €106,663 | -€3,390 | -3.1% |
| Tangible fixed assets | 22/27 | €110,053 | €106,663 | -€3,390 | -3.1% |
| Land and buildings | 22 | €106,623 | €103,974 | -€2,649 | -2.5% |
| Plant, machinery and equipment | 23 | €599 | €667 | +€68 | +11.3% |
| Furniture and vehicles | 24 | €2,832 | €2,023 | -€809 | -28.6% |
| Current assets | 29/58 | €41,925 | €49,935 | +€8,009 | +19.1% |
| Amounts receivable within one year | 40/41 | €907 | €6,140 | +€5,233 | +577.0% |
| Trade receivables | 40 | €656 | €5,578 | +€4,923 | +750.9% |
| Other amounts receivable | 41 | €251 | €562 | +€310 | +123.4% |
| Current investments | 50/53 | - | €35,000 | +€35,000 | |
| Cash at bank and in hand | 54/58 | €39,252 | €7,550 | -€31,702 | -80.8% |
| Deferred charges and accrued income | 490/1 | €1,766 | €1,245 | -€522 | -29.5% |
| Total equity and liabilities | 10/49 | €151,978 | €156,598 | +€4,619 | +3.0% |
| Equity | 10/15 | €151,628 | €154,046 | +€2,418 | +1.6% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €174,379 | €174,379 | = | 0.0% |
| Distributable reserves | 133 | €174,379 | €174,379 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,540 | -€45,122 | +€2,418 | +5.1% |
| Amounts payable | 17/49 | €350 | €2,551 | +€2,201 | +628.9% |
| Amounts payable within one year | 42/48 | €350 | €2,551 | +€2,201 | +628.9% |
| Trade debts | 44 | €0 | €601 | +€601 | |
| Suppliers | 440/4 | €0 | €601 | +€601 | |
| Taxes, remuneration and social security | 45 | €350 | €350 | = | 0.0% |
| Taxes | 450/3 | €350 | €350 | = | 0.0% |
| Other amounts payable | 47/48 | €0 | €1,600 | +€1,600 | |
| Non-recurring operating income | 76A | €1,400 | €26,000 | +€24,600 | +1757.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,714 | €11,025 | +€311 | +2.9% |
| Other operating charges | 640/8 | €1,305 | €1,344 | +€39 | +3.0% |
| Gross operating margin | 9900 | -€499 | €14,593 | +€15,092 | |
| Operating profit (loss) | 9901 | -€12,518 | €2,224 | +€14,742 | |
| Financial income | 75/76B | - | €248 | +€248 | |
| Recurring financial income | 75 | - | €248 | +€248 | |
| Financial charges | 65/66B | €54 | €54 | = | 0.0% |
| Recurring financial charges | 65 | €54 | €54 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€12,572 | €2,418 | +€14,990 | |
| Profit (loss) for the period | 9904 | -€12,572 | €2,418 | +€14,990 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,572 | €2,418 | +€14,990 |
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 12 October 2026 via checked.be.