VAMEDE: 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.
VAMEDE
Largest movements
- Current investments -€195,000
down €195,000 (-37.1%), from €525,000 to €330,000
- Receivables within one year -€117,255
no longer reported in 2025 (was €117,255)
of which Other amounts receivable: -€111,235
- Current portion of long-term debt -€149,686
down €149,686 (-80.1%), from €186,840 to €37,154
- Tax, wage and social debts -€88,324
down €88,324 (-90.2%), from €97,871 to €9,547
- Other debts -€52,253
down €52,253 (-11.2%), from €466,677 to €414,425
- Gross operating margin -€357,274
down €357,274 (-83.0%), from €430,511 to €73,237
- Financial income -€322,330
down €322,330 (-98.0%), from €328,897 to €6,567
- Taxes -€75,694
down €75,694 (-92.1%), from €82,212 to €6,517
- Financial charges -€31,222
down €31,222 (-90.6%), from €34,469 to €3,247
- Depreciation +€25,333
up €25,333 (+91.2%), from €27,764 to €53,098
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 | €4,152,543 | €3,837,302 | -€315,240 | -7.6% |
| Fixed assets | 21/28 | €3,464,650 | €3,482,213 | +€17,564 | +0.5% |
| Tangible fixed assets | 22/27 | €92,662 | €110,226 | +€17,564 | +19.0% |
| Furniture and vehicles | 24 | €92,662 | €110,226 | +€17,564 | +19.0% |
| Financial fixed assets | 28 | €3,371,988 | €3,371,988 | = | 0.0% |
| Current assets | 29/58 | €687,893 | €355,089 | -€332,804 | -48.4% |
| Amounts receivable within one year | 40/41 | €117,255 | - | -€117,255 | |
| Trade receivables | 40 | €6,020 | - | -€6,020 | |
| Other amounts receivable | 41 | €111,235 | - | -€111,235 | |
| Current investments | 50/53 | €525,000 | €330,000 | -€195,000 | -37.1% |
| Cash at bank and in hand | 54/58 | €44,276 | €24,440 | -€19,835 | -44.8% |
| Deferred charges and accrued income | 490/1 | €1,362 | €649 | -€714 | -52.4% |
| Total equity and liabilities | 10/49 | €4,152,543 | €3,837,302 | -€315,240 | -7.6% |
| Equity | 10/15 | €3,328,693 | €3,344,342 | +€15,649 | +0.5% |
| Contributions | 10/11 | €1,270,000 | €1,270,000 | = | 0.0% |
| Capital | 10 | €1,270,000 | €1,270,000 | = | 0.0% |
| Issued capital | 100 | €1,270,000 | €1,270,000 | = | 0.0% |
| Reserves | 13 | €2,058,693 | €2,074,342 | +€15,649 | +0.8% |
| Non-distributable reserves | 130/1 | €14,878 | €14,878 | = | 0.0% |
| Legal reserve | 130 | €14,878 | €14,878 | = | 0.0% |
| Tax-exempt reserves | 132 | €88,410 | €88,410 | = | 0.0% |
| Distributable reserves | 133 | €1,955,405 | €1,971,054 | +€15,649 | +0.8% |
| Amounts payable | 17/49 | €823,850 | €492,960 | -€330,890 | -40.2% |
| Amounts payable after more than one year | 17 | €39,886 | €29,333 | -€10,552 | -26.5% |
| Financial debts | 170/4 | €39,886 | €29,333 | -€10,552 | -26.5% |
| Amounts payable within one year | 42/48 | €754,685 | €463,627 | -€291,058 | -38.6% |
| Current portion of amounts payable after more than one year | 42 | €186,840 | €37,154 | -€149,686 | -80.1% |
| Trade debts | 44 | €3,295 | €2,500 | -€795 | -24.1% |
| Suppliers | 440/4 | €3,295 | €2,500 | -€795 | -24.1% |
| Taxes, remuneration and social security | 45 | €97,871 | €9,547 | -€88,324 | -90.2% |
| Taxes | 450/3 | €97,871 | €9,547 | -€88,324 | -90.2% |
| Other amounts payable | 47/48 | €466,677 | €414,425 | -€52,253 | -11.2% |
| Accrued charges and deferred income | 492/3 | €29,280 | - | -€29,280 | |
| Non-recurring operating income | 76A | €5,700 | €9,791 | +€4,091 | +71.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,764 | €53,098 | +€25,333 | +91.2% |
| Other operating charges | 640/8 | €1,075 | €1,292 | +€217 | +20.2% |
| Gross operating margin | 9900 | €430,511 | €73,237 | -€357,274 | -83.0% |
| Operating profit (loss) | 9901 | €401,671 | €18,847 | -€382,824 | -95.3% |
| Financial income | 75/76B | €328,897 | €6,567 | -€322,330 | -98.0% |
| Recurring financial income | 75 | €328,897 | €6,567 | -€322,330 | -98.0% |
| Financial charges | 65/66B | €34,469 | €3,247 | -€31,222 | -90.6% |
| Recurring financial charges | 65 | €34,469 | €3,247 | -€31,222 | -90.6% |
| Profit (loss) for the period before taxes | 9903 | €696,098 | €22,167 | -€673,931 | -96.8% |
| Income taxes | 67/77 | €82,212 | €6,517 | -€75,694 | -92.1% |
| Profit (loss) for the period | 9904 | €613,886 | €15,649 | -€598,237 | -97.5% |
| Profit (loss) for the period to be appropriated | 9905 | €613,886 | €15,649 | -€598,237 | -97.5% |
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 11 October 2026 via checked.be.