VAMECO CONSULT: 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.
VAMECO CONSULT
Largest movements
- Receivables within one year -€251,548
down €251,548 (-93.3%), from €269,634 to €18,085
of which Other amounts receivable: -€251,548
- Current investments +€251,422
up €251,422 (+28.6%), from €878,558 to €1.1m
- Reserves +€122,477
up €122,477 (+2.1%), from €6.0m to €6.1m
of which Distributable reserves: +€122,477
- Accrued charges and deferred income -€116,170
down €116,170 (-100%), from €116,170 to €0
- Tax, wage and social debts -€74,333
down €74,333 (-74.5%), from €99,840 to €25,507
of which Taxes: -€76,933
- Financial income -€1.2m
down €1.2m (-97.9%), from €1.3m to €26,096
- Taxes -€221,992
down €221,992 (-82.5%), from €268,963 to €46,971
- Financial charges -€117,200
down €117,200 (-99.7%), from €117,601 to €402
- Gross operating margin +€8,317
up €8,317 (+5.3%), from €157,340 to €165,657
- Other operating charges -€2,655
down €2,655 (-47.9%), from €5,540 to €2,885
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 | €6,202,346 | €6,140,277 | -€62,069 | -1.0% |
| Fixed assets | 21/28 | €4,783,815 | €4,764,795 | -€19,020 | -0.4% |
| Tangible fixed assets | 22/27 | €23,886 | €4,866 | -€19,020 | -79.6% |
| Furniture and vehicles | 24 | €23,886 | €4,866 | -€19,020 | -79.6% |
| Financial fixed assets | 28 | €4,759,929 | €4,759,929 | = | 0.0% |
| Current assets | 29/58 | €1,418,531 | €1,375,482 | -€43,050 | -3.0% |
| Amounts receivable within one year | 40/41 | €269,634 | €18,085 | -€251,548 | -93.3% |
| Trade receivables | 40 | €16,250 | €16,250 | = | 0.0% |
| Other amounts receivable | 41 | €253,384 | €1,835 | -€251,548 | -99.3% |
| Current investments | 50/53 | €878,558 | €1,129,980 | +€251,422 | +28.6% |
| Cash at bank and in hand | 54/58 | €259,896 | €219,090 | -€40,806 | -15.7% |
| Deferred charges and accrued income | 490/1 | €10,443 | €8,326 | -€2,117 | -20.3% |
| Total equity and liabilities | 10/49 | €6,202,346 | €6,140,277 | -€62,069 | -1.0% |
| Equity | 10/15 | €5,983,099 | €6,105,576 | +€122,477 | +2.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €5,958,099 | €6,080,576 | +€122,477 | +2.1% |
| Tax-exempt reserves | 132 | €7,000 | €7,000 | = | 0.0% |
| Distributable reserves | 133 | €5,951,099 | €6,073,576 | +€122,477 | +2.1% |
| Amounts payable | 17/49 | €219,247 | €34,701 | -€184,546 | -84.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €103,077 | €34,701 | -€68,376 | -66.3% |
| Trade debts | 44 | €3,237 | €9,194 | +€5,957 | +184% |
| Suppliers | 440/4 | €3,237 | €9,194 | +€5,957 | +184% |
| Taxes, remuneration and social security | 45 | €99,840 | €25,507 | -€74,333 | -74.5% |
| Taxes | 450/3 | €99,840 | €22,907 | -€76,933 | -77.1% |
| Remuneration and social security | 454/9 | - | €2,600 | +€2,600 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €116,170 | €0 | -€116,170 | -100% |
| Non-recurring operating income | 76A | €339 | €0 | -€339 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,959 | €19,020 | -€940 | -4.7% |
| Other operating charges | 640/8 | €5,540 | €2,885 | -€2,655 | -47.9% |
| Gross operating margin | 9900 | €157,340 | €165,657 | +€8,317 | +5.3% |
| Operating profit (loss) | 9901 | €131,840 | €143,753 | +€11,912 | +9.0% |
| Financial income | 75/76B | €1,253,123 | €26,096 | -€1.2m | -97.9% |
| Recurring financial income | 75 | €1,253,123 | €26,096 | -€1.2m | -97.9% |
| Financial charges | 65/66B | €117,601 | €402 | -€117,200 | -99.7% |
| Recurring financial charges | 65 | €117,601 | €402 | -€117,200 | -99.7% |
| Profit (loss) for the period before taxes | 9903 | €1,267,362 | €169,447 | -€1.1m | -86.6% |
| Income taxes | 67/77 | €268,963 | €46,971 | -€221,992 | -82.5% |
| Profit (loss) for the period | 9904 | €998,400 | €122,477 | -€875,923 | -87.7% |
| Profit (loss) for the period to be appropriated | 9905 | €998,400 | €122,477 | -€875,923 | -87.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.