Vameko: 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.
Vameko
Largest movements
- Receivables within one year +€177,123
up €177,123 (+173.7%), from €101,989 to €279,111
of which Trade receivables: +€161,550
- Stocks and contracts -€30,414
down €30,414 (-23.5%), from €129,671 to €99,257
of which Contracts in progress: -€24,604
- Deferred charges and accrued income +€15,074
up €15,074 (+2253.5%), from €669 to €15,743
- Tangible fixed assets +€6,548
up €6,548 (+547.1%), from €1,197 to €7,745
of which Plant, machinery and equipment: +€6,548
- Trade debts +€169,240
up €169,240 (+195.6%), from €86,505 to €255,746
- Tax, wage and social debts -€8,658
down €8,658 (-72.2%), from €11,990 to €3,332
of which Remuneration and social security: -€8,789
- Gross operating margin -€150,923
down €150,923 (-54.4%), from €277,316 to €126,393
- Staff costs -€71,154
down €71,154 (-37.6%), from €189,295 to €118,141
- Taxes -€17,931
down €17,931 (-94.8%), from €18,918 to €987
- Other operating charges -€8,532
down €8,532 (-84.8%), from €10,061 to €1,529
- Financial charges -€3,474
down €3,474 (-76.9%), from €4,516 to €1,042
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 | €290,129 | €460,757 | +€170,628 | +58.8% |
| Fixed assets | 21/28 | €1,197 | €7,745 | +€6,548 | +547.1% |
| Tangible fixed assets | 22/27 | €1,197 | €7,745 | +€6,548 | +547.1% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €1,197 | €7,745 | +€6,548 | +547.1% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €288,932 | €453,012 | +€164,080 | +56.8% |
| Stocks and contracts in progress | 3 | €129,671 | €99,257 | -€30,414 | -23.5% |
| Stocks | 30/36 | €28,221 | €22,410 | -€5,811 | -20.6% |
| Contracts in progress | 37 | €101,450 | €76,846 | -€24,604 | -24.3% |
| Amounts receivable within one year | 40/41 | €101,989 | €279,111 | +€177,123 | +173.7% |
| Trade receivables | 40 | €82,797 | €244,347 | +€161,550 | +195.1% |
| Other amounts receivable | 41 | €19,191 | €34,764 | +€15,573 | +81.1% |
| Cash at bank and in hand | 54/58 | €56,604 | €58,901 | +€2,297 | +4.1% |
| Deferred charges and accrued income | 490/1 | €669 | €15,743 | +€15,074 | +2253.5% |
| Total equity and liabilities | 10/49 | €290,129 | €460,757 | +€170,628 | +58.8% |
| Equity | 10/15 | €190,000 | €192,525 | +€2,525 | +1.3% |
| Contributions | 10/11 | €81,730 | €81,730 | = | 0.0% |
| Reserves | 13 | €108,270 | €110,795 | +€2,525 | +2.3% |
| Non-distributable reserves | 130/1 | €50,933 | €50,933 | = | 0.0% |
| Reserves not available under the articles | 1311 | €50,933 | €50,933 | = | 0.0% |
| Distributable reserves | 133 | €57,337 | €59,862 | +€2,525 | +4.4% |
| Amounts payable | 17/49 | €100,128 | €268,232 | +€168,103 | +167.9% |
| Amounts payable within one year | 42/48 | €98,496 | €262,742 | +€164,246 | +166.8% |
| Current portion of amounts payable after more than one year | 42 | - | €3,664 | +€3,664 | |
| Trade debts | 44 | €86,505 | €255,746 | +€169,240 | +195.6% |
| Suppliers | 440/4 | €86,505 | €255,746 | +€169,240 | +195.6% |
| Taxes, remuneration and social security | 45 | €11,990 | €3,332 | -€8,658 | -72.2% |
| Taxes | 450/3 | - | €131 | +€131 | |
| Remuneration and social security | 454/9 | €11,990 | €3,201 | -€8,789 | -73.3% |
| Accrued charges and deferred income | 492/3 | €1,633 | €5,490 | +€3,857 | +236.2% |
| Non-recurring operating income | 76A | - | €1,449 | +€1,449 | |
| Remuneration, social security and pensions | 62 | €189,295 | €118,141 | -€71,154 | -37.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,551 | €2,193 | +€642 | +41.4% |
| Other operating charges | 640/8 | €10,061 | €1,529 | -€8,532 | -84.8% |
| Gross operating margin | 9900 | €277,316 | €126,393 | -€150,923 | -54.4% |
| Operating profit (loss) | 9901 | €76,409 | €4,531 | -€71,878 | -94.1% |
| Financial income | 75/76B | €424 | €23 | -€401 | -94.6% |
| Recurring financial income | 75 | €424 | €23 | -€401 | -94.6% |
| Financial charges | 65/66B | €4,516 | €1,042 | -€3,474 | -76.9% |
| Recurring financial charges | 65 | €4,516 | €1,042 | -€3,474 | -76.9% |
| Profit (loss) for the period before taxes | 9903 | €72,317 | €3,512 | -€68,805 | -95.1% |
| Income taxes | 67/77 | €18,918 | €987 | -€17,931 | -94.8% |
| Profit (loss) for the period | 9904 | €53,399 | €2,525 | -€50,874 | -95.3% |
| Profit (loss) for the period to be appropriated | 9905 | €53,399 | €2,525 | -€50,874 | -95.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.