VAMATRANS: 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.
VAMATRANS
Largest movements
- Current investments +€350,000
up €350,000 (+350%), from €100,000 to €450,000
- Cash -€339,261
down €339,261 (-71.4%), from €475,477 to €136,215
mainly Investment in fixed assets (net) (-€476,500) and Current investments (-€350,000)
- Tangible fixed assets +€320,488
up €320,488 (+54.6%), from €587,369 to €907,858
of which Furniture and vehicles: +€320,713
- Receivables within one year -€148,938
down €148,938 (-19.2%), from €776,858 to €627,921
of which Trade receivables: -€185,842
- Other debts -€203,700
no longer reported in 2025 (was €203,700)
- Debts after one year +€140,843
up €140,843 (+30.4%), from €463,211 to €604,054
- Current portion of long-term debt +€98,832
up €98,832 (+102%), from €96,555 to €195,386
- Profit (loss) carried forward +€97,039
up €97,039 (+107%), from €90,908 to €187,946
- Trade debts +€64,214
up €64,214 (+40.8%), from €157,207 to €221,421
of which Suppliers: +€62,257
- Gross operating margin -€90,564
down €90,564 (-9.6%), from €941,393 to €850,829
- Staff costs -€65,748
down €65,748 (-10.5%), from €623,800 to €558,051
- Depreciation +€62,466
up €62,466 (+66.8%), from €93,546 to €156,012
- Taxes -€10,809
down €10,809 (-37.0%), from €29,178 to €18,370
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 | €1,955,846 | €2,145,182 | +€189,336 | +9.7% |
| Fixed assets | 21/28 | €588,304 | €908,792 | +€320,488 | +54.5% |
| Tangible fixed assets | 22/27 | €587,369 | €907,858 | +€320,488 | +54.6% |
| Plant, machinery and equipment | 23 | €257 | €31 | -€225 | -87.7% |
| Furniture and vehicles | 24 | €587,113 | €907,826 | +€320,713 | +54.6% |
| Financial fixed assets | 28 | €934 | €934 | = | 0.0% |
| Current assets | 29/58 | €1,367,542 | €1,236,390 | -€131,152 | -9.6% |
| Amounts receivable within one year | 40/41 | €776,858 | €627,921 | -€148,938 | -19.2% |
| Trade receivables | 40 | €448,260 | €262,418 | -€185,842 | -41.5% |
| Other amounts receivable | 41 | €328,598 | €365,502 | +€36,904 | +11.2% |
| Current investments | 50/53 | €100,000 | €450,000 | +€350,000 | +350% |
| Cash at bank and in hand | 54/58 | €475,477 | €136,215 | -€339,261 | -71.4% |
| Deferred charges and accrued income | 490/1 | €15,207 | €22,254 | +€7,047 | +46.3% |
| Total equity and liabilities | 10/49 | €1,955,846 | €2,145,182 | +€189,336 | +9.7% |
| Equity | 10/15 | €963,379 | €1,060,418 | +€97,039 | +10.1% |
| Contributions | 10/11 | €198,320 | €198,320 | = | 0.0% |
| Capital | 10 | €198,320 | €198,320 | = | 0.0% |
| Issued capital | 100 | €198,320 | €198,320 | = | 0.0% |
| Reserves | 13 | €674,151 | €674,151 | = | 0.0% |
| Non-distributable reserves | 130/1 | €19,832 | €19,832 | = | 0.0% |
| Legal reserve | 130 | €19,832 | €19,832 | = | 0.0% |
| Tax-exempt reserves | 132 | €654,319 | €654,319 | = | 0.0% |
| Profit (loss) carried forward | 14 | €90,908 | €187,946 | +€97,039 | +107% |
| Amounts payable | 17/49 | €992,467 | €1,084,764 | +€92,298 | +9.3% |
| Amounts payable after more than one year | 17 | €463,211 | €604,054 | +€140,843 | +30.4% |
| Financial debts | 170/4 | €463,211 | €604,054 | +€140,843 | +30.4% |
| Amounts payable within one year | 42/48 | €529,256 | €480,710 | -€48,546 | -9.2% |
| Current portion of amounts payable after more than one year | 42 | €96,555 | €195,386 | +€98,832 | +102% |
| Trade debts | 44 | €157,207 | €221,421 | +€64,214 | +40.8% |
| Suppliers | 440/4 | €157,107 | €219,364 | +€62,257 | +39.6% |
| Bills of exchange payable | 441 | €100 | €2,057 | +€1,957 | +1,957% |
| Taxes, remuneration and social security | 45 | €71,795 | €63,903 | -€7,892 | -11.0% |
| Taxes | 450/3 | €7,857 | - | -€7,857 | |
| Remuneration and social security | 454/9 | €63,938 | €63,903 | -€35 | -0.1% |
| Other amounts payable | 47/48 | €203,700 | - | -€203,700 | |
| Remuneration, social security and pensions | 62 | €623,800 | €558,051 | -€65,748 | -10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,546 | €156,012 | +€62,466 | +66.8% |
| Other operating charges | 640/8 | €7,444 | €6,625 | -€819 | -11.0% |
| Non-recurring operating charges | 66A | €29,511 | - | -€29,511 | |
| Gross operating margin | 9900 | €941,393 | €850,829 | -€90,564 | -9.6% |
| Operating profit (loss) | 9901 | €187,093 | €130,141 | -€56,952 | -30.4% |
| Financial income | 75/76B | €6,370 | €11,366 | +€4,996 | +78.4% |
| Recurring financial income | 75 | €5,007 | €11,366 | +€6,360 | +127% |
| Non-recurring financial income | 76B | €1,363 | - | -€1,363 | |
| Financial charges | 65/66B | €17,577 | €26,099 | +€8,522 | +48.5% |
| Recurring financial charges | 65 | €15,920 | €25,349 | +€9,429 | +59.2% |
| Non-recurring financial charges | 66B | €1,657 | €750 | -€907 | -54.7% |
| Profit (loss) for the period before taxes | 9903 | €175,886 | €115,408 | -€60,478 | -34.4% |
| Income taxes | 67/77 | €29,178 | €18,370 | -€10,809 | -37.0% |
| Profit (loss) for the period | 9904 | €146,707 | €97,039 | -€49,669 | -33.9% |
| Transfer to tax-exempt reserves | 689 | €34,100 | - | -€34,100 | |
| Profit (loss) for the period to be appropriated | 9905 | €112,607 | €97,039 | -€15,569 | -13.8% |
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 18 October 2026 via checked.be.