VAMENI: 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.
VAMENI
Largest movements
- Cash -€89,535
down €89,535 (-45.2%), from €198,065 to €108,530
mainly Other debts (-€113,428) and Investment in fixed assets (net) (-€33,685)
- Tangible fixed assets +€23,568
up €23,568 (+55.2%), from €42,679 to €66,247
of which Land and buildings: +€24,754
- Receivables within one year -€6,213
down €6,213 (-75.4%), from €8,244 to €2,030
of which Trade receivables: -€6,196
- Deferred charges and accrued income +€5,803
up €5,803 (+38.9%), from €14,932 to €20,735
- Stocks and contracts -€3,466
down €3,466 (-11.9%), from €29,033 to €25,567
- Other debts -€113,428
no longer reported in 2025 (was €113,428)
- Trade debts +€19,154
up €19,154 (+41.0%), from €46,691 to €65,845
- Profit (loss) carried forward +€16,465
up €16,465 (+159%), from €10,364 to €26,829
- Tax, wage and social debts +€9,486
up €9,486 (+8.4%), from €113,176 to €122,662
of which Remuneration and social security: +€12,617
- Staff costs +€46,163
up €46,163 (+9.0%), from €514,221 to €560,384
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 | €305,639 | €235,796 | -€69,843 | -22.9% |
| Fixed assets | 21/28 | €55,366 | €78,934 | +€23,568 | +42.6% |
| Tangible fixed assets | 22/27 | €42,679 | €66,247 | +€23,568 | +55.2% |
| Land and buildings | 22 | €10,904 | €35,658 | +€24,754 | +227% |
| Plant, machinery and equipment | 23 | €24,651 | €24,872 | +€221 | +0.9% |
| Furniture and vehicles | 24 | €360 | €0 | -€360 | -100% |
| Other tangible fixed assets | 26 | €6,764 | €5,717 | -€1,047 | -15.5% |
| Financial fixed assets | 28 | €12,687 | €12,687 | = | 0.0% |
| Current assets | 29/58 | €250,273 | €156,861 | -€93,411 | -37.3% |
| Stocks and contracts in progress | 3 | €29,033 | €25,567 | -€3,466 | -11.9% |
| Stocks | 30/36 | €29,033 | €25,567 | -€3,466 | -11.9% |
| Amounts receivable within one year | 40/41 | €8,244 | €2,030 | -€6,213 | -75.4% |
| Trade receivables | 40 | €8,218 | €2,022 | -€6,196 | -75.4% |
| Other amounts receivable | 41 | €25 | €8 | -€18 | -69.6% |
| Cash at bank and in hand | 54/58 | €198,065 | €108,530 | -€89,535 | -45.2% |
| Deferred charges and accrued income | 490/1 | €14,932 | €20,735 | +€5,803 | +38.9% |
| Total equity and liabilities | 10/49 | €305,639 | €235,796 | -€69,843 | -22.9% |
| Equity | 10/15 | €30,824 | €47,289 | +€16,465 | +53.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,364 | €26,829 | +€16,465 | +159% |
| Amounts payable | 17/49 | €274,815 | €188,507 | -€86,308 | -31.4% |
| Amounts payable within one year | 42/48 | €273,295 | €188,507 | -€84,788 | -31.0% |
| Trade debts | 44 | €46,691 | €65,845 | +€19,154 | +41.0% |
| Suppliers | 440/4 | €46,691 | €65,845 | +€19,154 | +41.0% |
| Taxes, remuneration and social security | 45 | €113,176 | €122,662 | +€9,486 | +8.4% |
| Taxes | 450/3 | €36,722 | €33,591 | -€3,131 | -8.5% |
| Remuneration and social security | 454/9 | €76,454 | €89,071 | +€12,617 | +16.5% |
| Other amounts payable | 47/48 | €113,428 | - | -€113,428 | |
| Accrued charges and deferred income | 492/3 | €1,520 | - | -€1,520 | |
| Remuneration, social security and pensions | 62 | €514,221 | €560,384 | +€46,163 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,627 | €10,117 | +€490 | +5.1% |
| Other operating charges | 640/8 | €1,714 | €4,340 | +€2,625 | +153% |
| Non-recurring operating charges | 66A | €287 | €189 | -€98 | -34.1% |
| Gross operating margin | 9900 | €594,361 | €593,163 | -€1,198 | -0.2% |
| Operating profit (loss) | 9901 | €68,512 | €18,133 | -€50,379 | -73.5% |
| Financial income | 75/76B | €2,019 | €4,178 | +€2,158 | +107% |
| Recurring financial income | 75 | €2,019 | €4,178 | +€2,158 | +107% |
| Financial charges | 65/66B | €6,096 | €5,846 | -€250 | -4.1% |
| Recurring financial charges | 65 | €6,096 | €5,846 | -€250 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | €64,435 | €16,465 | -€47,970 | -74.4% |
| Profit (loss) for the period | 9904 | €64,435 | €16,465 | -€47,970 | -74.4% |
| Profit (loss) for the period to be appropriated | 9905 | €64,435 | €16,465 | -€47,970 | -74.4% |
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 28 October 2026 via checked.be.