VAMCO: 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.
VAMCO
Largest movements
- Tangible fixed assets -€18,241
down €18,241 (-13.2%), from €137,705 to €119,463
of which Furniture and vehicles: -€9,352
- Cash -€5,820
down €5,820 (-41.5%), from €14,035 to €8,215
mainly Contributions, distributions and other (-€17,255) and Debts after one year (-€14,239)
- Reserves -€17,255
down €17,255 (-17.6%), from €98,045 to €80,790
- Other debts +€15,564
up €15,564 (+53.4%), from €29,131 to €44,696
- Debts after one year -€14,239
down €14,239 (-87.7%), from €16,241 to €2,001
- Current portion of long-term debt -€6,159
down €6,159 (-30.2%), from €20,399 to €14,239
- Profit (loss) carried forward -€5,332
down €5,332 (-48.9%), from -€10,900 to -€16,232
- Gross operating margin -€6,819
down €6,819 (-28.7%), from €23,718 to €16,899
- Financial charges -€418
down €418 (-38.5%), from €1,084 to €666
- Taxes -€369
down €369 (-94.3%), from €392 to €22
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 | €176,196 | €151,819 | -€24,377 | -13.8% |
| Fixed assets | 21/28 | €137,705 | €119,463 | -€18,241 | -13.2% |
| Tangible fixed assets | 22/27 | €137,705 | €119,463 | -€18,241 | -13.2% |
| Land and buildings | 22 | €106,260 | €99,146 | -€7,114 | -6.7% |
| Plant, machinery and equipment | 23 | €5,016 | €3,241 | -€1,775 | -35.4% |
| Furniture and vehicles | 24 | €26,428 | €17,076 | -€9,352 | -35.4% |
| Current assets | 29/58 | €38,492 | €32,356 | -€6,136 | -15.9% |
| Amounts receivable within one year | 40/41 | €21,799 | €21,631 | -€168 | -0.8% |
| Trade receivables | 40 | €14,655 | €21,631 | +€6,976 | +47.6% |
| Other amounts receivable | 41 | €7,144 | - | -€7,144 | |
| Cash at bank and in hand | 54/58 | €14,035 | €8,215 | -€5,820 | -41.5% |
| Deferred charges and accrued income | 490/1 | €2,658 | €2,510 | -€148 | -5.6% |
| Total equity and liabilities | 10/49 | €176,196 | €151,819 | -€24,377 | -13.8% |
| Equity | 10/15 | €107,145 | €84,558 | -€22,587 | -21.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €98,045 | €80,790 | -€17,255 | -17.6% |
| Distributable reserves | 133 | €98,045 | €80,790 | -€17,255 | -17.6% |
| Profit (loss) carried forward | 14 | -€10,900 | -€16,232 | -€5,332 | -48.9% |
| Amounts payable | 17/49 | €69,051 | €67,261 | -€1,790 | -2.6% |
| Amounts payable after more than one year | 17 | €16,241 | €2,001 | -€14,239 | -87.7% |
| Financial debts | 170/4 | €16,241 | €2,001 | -€14,239 | -87.7% |
| Amounts payable within one year | 42/48 | €52,023 | €63,243 | +€11,220 | +21.6% |
| Current portion of amounts payable after more than one year | 42 | €20,399 | €14,239 | -€6,159 | -30.2% |
| Trade debts | 44 | €852 | €1,436 | +€585 | +68.6% |
| Suppliers | 440/4 | €852 | €1,436 | +€585 | +68.6% |
| Taxes, remuneration and social security | 45 | €1,641 | €2,871 | +€1,230 | +75.0% |
| Taxes | 450/3 | €1,641 | €2,871 | +€1,230 | +75.0% |
| Other amounts payable | 47/48 | €29,131 | €44,696 | +€15,564 | +53.4% |
| Accrued charges and deferred income | 492/3 | €788 | €2,017 | +€1,229 | +156.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,777 | €19,845 | +€67 | +0.3% |
| Other operating charges | 640/8 | €1,728 | €1,798 | +€69 | +4.0% |
| Gross operating margin | 9900 | €23,718 | €16,899 | -€6,819 | -28.7% |
| Operating profit (loss) | 9901 | €2,212 | -€4,743 | -€6,956 | |
| Financial income | 75/76B | €119 | €100 | -€19 | -16.4% |
| Recurring financial income | 75 | €119 | €100 | -€19 | -16.4% |
| Financial charges | 65/66B | €1,084 | €666 | -€418 | -38.5% |
| Recurring financial charges | 65 | €1,084 | €666 | -€418 | -38.5% |
| Profit (loss) for the period before taxes | 9903 | €1,247 | -€5,310 | -€6,557 | |
| Income taxes | 67/77 | €392 | €22 | -€369 | -94.3% |
| Profit (loss) for the period | 9904 | €856 | -€5,332 | -€6,188 | |
| Profit (loss) for the period to be appropriated | 9905 | €856 | -€5,332 | -€6,188 |
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 10 October 2026 via checked.be.