VAMAUTO: 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.
VAMAUTO
Largest movements
- Stocks and contracts +€423,892
up €423,892 (+47.1%), from €899,754 to €1.3m
- Cash -€229,296
down €229,296 (-73.8%), from €310,574 to €81,279
mainly Stocks and contracts (-€423,892) and Other debts (-€140,273)
- Receivables within one year +€120,818
up €120,818 (+88.8%), from €136,130 to €256,948
of which Trade receivables: +€120,418
- Short-term financial debts +€470,000
up €470,000 (+81.0%), from €580,000 to €1.1m
of which Credit institutions: +€300,000
- Other debts -€140,273
down €140,273 (-47.2%), from €297,382 to €157,110
- Trade debts -€63,603
down €63,603 (-39.1%), from €162,520 to €98,917
- Tax, wage and social debts +€33,275
up €33,275 (+165.6%), from €20,089 to €53,364
of which Taxes: +€33,844
- Reserves +€28,119
up €28,119 (+11.7%), from €240,980 to €269,099
- Financial charges -€16,293
down €16,293 (-23.1%), from €70,390 to €54,097
- Gross operating margin +€15,890
up €15,890 (+12.9%), from €123,392 to €139,282
- Taxes +€13,347
up €13,347 (+525.4%), from €2,540 to €15,888
- Staff costs -€10,199
down €10,199 (-43.4%), from €23,493 to €13,294
- Depreciation +€7,062
up €7,062 (+38.4%), from €18,398 to €25,460
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 | €1,474,434 | €1,794,269 | +€319,834 | +21.7% |
| Fixed assets | 21/28 | €124,567 | €120,387 | -€4,180 | -3.4% |
| Tangible fixed assets | 22/27 | €124,567 | €120,387 | -€4,180 | -3.4% |
| Land and buildings | 22 | €68,234 | €65,621 | -€2,613 | -3.8% |
| Furniture and vehicles | 24 | €32,122 | €38,884 | +€6,762 | +21.1% |
| Leasing and similar rights | 25 | €24,211 | €15,882 | -€8,329 | -34.4% |
| Current assets | 29/58 | €1,349,868 | €1,673,882 | +€324,014 | +24.0% |
| Stocks and contracts in progress | 3 | €899,754 | €1,323,646 | +€423,892 | +47.1% |
| Stocks | 30/36 | €899,754 | €1,323,646 | +€423,892 | +47.1% |
| Amounts receivable within one year | 40/41 | €136,130 | €256,948 | +€120,818 | +88.8% |
| Trade receivables | 40 | €112,713 | €233,131 | +€120,418 | +106.8% |
| Other amounts receivable | 41 | €23,417 | €23,818 | +€400 | +1.7% |
| Cash at bank and in hand | 54/58 | €310,574 | €81,279 | -€229,296 | -73.8% |
| Deferred charges and accrued income | 490/1 | €3,409 | €12,009 | +€8,600 | +252.3% |
| Total equity and liabilities | 10/49 | €1,474,434 | €1,794,269 | +€319,834 | +21.7% |
| Equity | 10/15 | €259,530 | €287,649 | +€28,119 | +10.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €240,980 | €269,099 | +€28,119 | +11.7% |
| Distributable reserves | 133 | €240,980 | €269,099 | +€28,119 | +11.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,214,905 | €1,506,620 | +€291,715 | +24.0% |
| Amounts payable after more than one year | 17 | €106,123 | €98,582 | -€7,541 | -7.1% |
| Financial debts | 170/4 | €106,123 | €98,582 | -€7,541 | -7.1% |
| Amounts payable within one year | 42/48 | €1,075,193 | €1,370,932 | +€295,739 | +27.5% |
| Current portion of amounts payable after more than one year | 42 | €10,702 | €7,541 | -€3,161 | -29.5% |
| Financial debts | 43 | €580,000 | €1,050,000 | +€470,000 | +81.0% |
| Credit institutions | 430/8 | €0 | €300,000 | +€300,000 | |
| Other loans | 439 | €580,000 | €750,000 | +€170,000 | +29.3% |
| Trade debts | 44 | €162,520 | €98,917 | -€63,603 | -39.1% |
| Suppliers | 440/4 | €162,520 | €98,917 | -€63,603 | -39.1% |
| Advances received on contracts in progress | 46 | €4,500 | €4,000 | -€500 | -11.1% |
| Taxes, remuneration and social security | 45 | €20,089 | €53,364 | +€33,275 | +165.6% |
| Taxes | 450/3 | €15,048 | €48,893 | +€33,844 | +224.9% |
| Remuneration and social security | 454/9 | €5,041 | €4,471 | -€570 | -11.3% |
| Other amounts payable | 47/48 | €297,382 | €157,110 | -€140,273 | -47.2% |
| Accrued charges and deferred income | 492/3 | €33,589 | €37,106 | +€3,517 | +10.5% |
| Remuneration, social security and pensions | 62 | €23,493 | €13,294 | -€10,199 | -43.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,398 | €25,460 | +€7,062 | +38.4% |
| Other operating charges | 640/8 | €4,882 | €5,527 | +€645 | +13.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €123,392 | €139,282 | +€15,890 | +12.9% |
| Operating profit (loss) | 9901 | €76,619 | €95,000 | +€18,382 | +24.0% |
| Financial income | 75/76B | €8,299 | €3,104 | -€5,196 | -62.6% |
| Recurring financial income | 75 | €8,299 | €3,104 | -€5,196 | -62.6% |
| Financial charges | 65/66B | €70,390 | €54,097 | -€16,293 | -23.1% |
| Recurring financial charges | 65 | €70,390 | €54,097 | -€16,293 | -23.1% |
| Profit (loss) for the period before taxes | 9903 | €14,528 | €44,007 | +€29,479 | +202.9% |
| Income taxes | 67/77 | €2,540 | €15,888 | +€13,347 | +525.4% |
| Profit (loss) for the period | 9904 | €11,988 | €28,119 | +€16,131 | +134.6% |
| Profit (loss) for the period to be appropriated | 9905 | €11,988 | €28,119 | +€16,131 | +134.6% |
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 29 September 2026 via checked.be.