VAMEBA: 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.
VAMEBA
Largest movements
- Tangible fixed assets +€153,655
up €153,655 (+81.9%), from €187,652 to €341,307
- Cash +€16,933
up €16,933 (+19.5%), from €86,986 to €103,919
mainly Depreciation (+€126,345) and Debts after one year (+€114,507)
- Debts after one year +€114,507
up €114,507 (+133.7%), from €85,670 to €200,177
- Profit (loss) carried forward +€38,823
up €38,823 (+14.2%), from €273,895 to €312,718
- Current portion of long-term debt +€19,048
up €19,048 (+30.0%), from €63,421 to €82,470
- Gross operating margin +€85,398
up €85,398 (+30.1%), from €283,922 to €369,320
- Depreciation +€49,419
up €49,419 (+64.2%), from €76,926 to €126,345
- Staff costs +€15,580
up €15,580 (+8.9%), from €174,768 to €190,348
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 | €488,238 | €667,214 | +€178,976 | +36.7% |
| Fixed assets | 21/28 | €188,237 | €341,892 | +€153,655 | +81.6% |
| Tangible fixed assets | 22/27 | €187,652 | €341,307 | +€153,655 | +81.9% |
| Furniture and vehicles | 24 | €187,652 | €341,307 | +€153,655 | +81.9% |
| Financial fixed assets | 28 | €585 | €585 | = | 0.0% |
| Current assets | 29/58 | €300,001 | €325,322 | +€25,321 | +8.4% |
| Amounts receivable within one year | 40/41 | €82,472 | €85,984 | +€3,512 | +4.3% |
| Trade receivables | 40 | €64,847 | €47,067 | -€17,780 | -27.4% |
| Other amounts receivable | 41 | €17,625 | €38,917 | +€21,292 | +120.8% |
| Cash at bank and in hand | 54/58 | €86,986 | €103,919 | +€16,933 | +19.5% |
| Deferred charges and accrued income | 490/1 | €130,544 | €135,420 | +€4,876 | +3.7% |
| Total equity and liabilities | 10/49 | €488,238 | €667,214 | +€178,976 | +36.7% |
| Equity | 10/15 | €295,895 | €334,718 | +€38,823 | +13.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €273,895 | €312,718 | +€38,823 | +14.2% |
| Amounts payable | 17/49 | €192,343 | €332,496 | +€140,153 | +72.9% |
| Amounts payable after more than one year | 17 | €85,670 | €200,177 | +€114,507 | +133.7% |
| Financial debts | 170/4 | €85,670 | €200,177 | +€114,507 | +133.7% |
| Amounts payable within one year | 42/48 | €106,673 | €132,319 | +€25,646 | +24.0% |
| Current portion of amounts payable after more than one year | 42 | €63,421 | €82,470 | +€19,048 | +30.0% |
| Trade debts | 44 | €5,795 | €10,279 | +€4,483 | +77.4% |
| Suppliers | 440/4 | €5,795 | €10,279 | +€4,483 | +77.4% |
| Taxes, remuneration and social security | 45 | €7,617 | €7,976 | +€359 | +4.7% |
| Remuneration and social security | 454/9 | €7,617 | €7,976 | +€359 | +4.7% |
| Other amounts payable | 47/48 | €29,839 | €31,594 | +€1,755 | +5.9% |
| Remuneration, social security and pensions | 62 | €174,768 | €190,348 | +€15,580 | +8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,926 | €126,345 | +€49,419 | +64.2% |
| Other operating charges | 640/8 | €143 | €657 | +€514 | +359.3% |
| Gross operating margin | 9900 | €283,922 | €369,320 | +€85,398 | +30.1% |
| Operating profit (loss) | 9901 | €32,085 | €51,970 | +€19,886 | +62.0% |
| Financial charges | 65/66B | €5,319 | €6,689 | +€1,371 | +25.8% |
| Recurring financial charges | 65 | €5,319 | €6,689 | +€1,371 | +25.8% |
| Profit (loss) for the period before taxes | 9903 | €26,766 | €45,281 | +€18,515 | +69.2% |
| Income taxes | 67/77 | €7,285 | €6,457 | -€828 | -11.4% |
| Profit (loss) for the period | 9904 | €19,481 | €38,823 | +€19,343 | +99.3% |
| Profit (loss) for the period to be appropriated | 9905 | €19,481 | €38,823 | +€19,343 | +99.3% |
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 6 October 2026 via checked.be.