VAMATRA: 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.
VAMATRA
Largest movements
- Tangible fixed assets -€95,796
down €95,796 (-37.9%), from €252,802 to €157,006
of which Furniture and vehicles: -€51,363
- Receivables within one year +€94,500
up €94,500 (+22.2%), from €425,206 to €519,706
of which Trade receivables: +€95,239
- Cash -€24,249
down €24,249 (-34.4%), from €70,482 to €46,233
mainly Debts after one year (-€117,527) and Receivables within one year (-€94,500)
- Deferred charges and accrued income -€7,928
down €7,928 (-85.3%), from €9,296 to €1,368
- Debts after one year -€117,527
down €117,527 (-51.9%), from €226,570 to €109,042
- Other debts +€80,452
up €80,452 (+132.5%), from €60,720 to €141,172
- Reserves -€42,404
down €42,404 (-12.9%), from €328,041 to €285,637
of which Distributable reserves: -€42,404
- Profit (loss) carried forward +€27,291
up €27,291 (+26.0%), from -€104,767 to -€77,476
- Trade debts +€8,842
up €8,842 (+6.4%), from €138,549 to €147,391
- Depreciation +€17,547
up €17,547 (+22.4%), from €78,249 to €95,796
- Gross operating margin +€11,715
up €11,715 (+5.3%), from €221,003 to €232,718
- Taxes +€8,358
up €8,358 (+109.6%), from €7,626 to €15,984
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 | €759,624 | €726,151 | -€33,473 | -4.4% |
| Fixed assets | 21/28 | €254,640 | €158,844 | -€95,796 | -37.6% |
| Tangible fixed assets | 22/27 | €252,802 | €157,006 | -€95,796 | -37.9% |
| Land and buildings | 22 | €9,980 | €8,406 | -€1,574 | -15.8% |
| Plant, machinery and equipment | 23 | €1,036 | €777 | -€259 | -25.0% |
| Furniture and vehicles | 24 | €190,666 | €139,303 | -€51,363 | -26.9% |
| Leasing and similar rights | 25 | €51,120 | €8,520 | -€42,600 | -83.3% |
| Financial fixed assets | 28 | €1,838 | €1,838 | = | 0.0% |
| Current assets | 29/58 | €504,984 | €567,307 | +€62,323 | +12.3% |
| Amounts receivable within one year | 40/41 | €425,206 | €519,706 | +€94,500 | +22.2% |
| Trade receivables | 40 | €419,835 | €515,074 | +€95,239 | +22.7% |
| Other amounts receivable | 41 | €5,371 | €4,632 | -€739 | -13.8% |
| Cash at bank and in hand | 54/58 | €70,482 | €46,233 | -€24,249 | -34.4% |
| Deferred charges and accrued income | 490/1 | €9,296 | €1,368 | -€7,928 | -85.3% |
| Total equity and liabilities | 10/49 | €759,624 | €726,151 | -€33,473 | -4.4% |
| Equity | 10/15 | €248,063 | €232,951 | -€15,112 | -6.1% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €328,041 | €285,637 | -€42,404 | -12.9% |
| Tax-exempt reserves | 132 | €15,648 | €15,648 | = | 0.0% |
| Distributable reserves | 133 | €312,393 | €269,990 | -€42,404 | -13.6% |
| Profit (loss) carried forward | 14 | -€104,767 | -€77,476 | +€27,291 | +26.0% |
| Amounts payable | 17/49 | €511,561 | €493,200 | -€18,361 | -3.6% |
| Amounts payable after more than one year | 17 | €226,570 | €109,042 | -€117,527 | -51.9% |
| Financial debts | 170/4 | €226,570 | €109,042 | -€117,527 | -51.9% |
| Amounts payable within one year | 42/48 | €284,991 | €384,158 | +€99,166 | +34.8% |
| Current portion of amounts payable after more than one year | 42 | €84,587 | €87,953 | +€3,366 | +4.0% |
| Trade debts | 44 | €138,549 | €147,391 | +€8,842 | +6.4% |
| Suppliers | 440/4 | €138,549 | €147,391 | +€8,842 | +6.4% |
| Taxes, remuneration and social security | 45 | €1,136 | €7,642 | +€6,507 | +572.9% |
| Taxes | 450/3 | €770 | €1,813 | +€1,043 | +135.5% |
| Remuneration and social security | 454/9 | €366 | €5,829 | +€5,463 | +1493.4% |
| Other amounts payable | 47/48 | €60,720 | €141,172 | +€80,452 | +132.5% |
| Non-recurring operating income | 76A | €19,080 | €5,000 | -€14,080 | -73.8% |
| Remuneration, social security and pensions | 62 | €69,249 | €71,167 | +€1,919 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,249 | €95,796 | +€17,547 | +22.4% |
| Other operating charges | 640/8 | €7,276 | €6,813 | -€463 | -6.4% |
| Non-recurring operating charges | 66A | €3,278 | - | -€3,278 | |
| Gross operating margin | 9900 | €221,003 | €232,718 | +€11,715 | +5.3% |
| Operating profit (loss) | 9901 | €62,952 | €58,941 | -€4,011 | -6.4% |
| Financial income | 75/76B | €2,054 | €410 | -€1,645 | -80.1% |
| Recurring financial income | 75 | €2,054 | €410 | -€1,645 | -80.1% |
| Financial charges | 65/66B | €16,790 | €16,075 | -€715 | -4.3% |
| Recurring financial charges | 65 | €16,544 | €15,884 | -€660 | -4.0% |
| Non-recurring financial charges | 66B | €247 | €191 | -€55 | -22.4% |
| Profit (loss) for the period before taxes | 9903 | €48,216 | €43,275 | -€4,940 | -10.2% |
| Income taxes | 67/77 | €7,626 | €15,984 | +€8,358 | +109.6% |
| Profit (loss) for the period | 9904 | €40,590 | €27,291 | -€13,299 | -32.8% |
| Profit (loss) for the period to be appropriated | 9905 | €40,590 | €27,291 | -€13,299 | -32.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.