VAMGA: 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.
VAMGA
Largest movements
- Tangible fixed assets -€10,541
down €10,541 (-64.8%), from €16,267 to €5,726
of which Furniture and vehicles: -€10,084
- Receivables within one year -€10,072
down €10,072 (-25.5%), from €39,423 to €29,351
of which Other amounts receivable: -€6,396
- Deferred charges and accrued income -€5,825
down €5,825 (-70.7%), from €8,236 to €2,412
- Profit (loss) carried forward -€19,476
down €19,476 (-60.3%), from -€32,318 to -€51,794
- Tax, wage and social debts -€4,056
down €4,056 (-75.3%), from €5,384 to €1,328
- Gross operating margin +€13,193
up €13,193 (+67.1%), from -€19,658 to -€6,465
- Depreciation -€4,733
down €4,733 (-27.5%), from €17,205 to €12,472
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 | €218,359 | €193,488 | -€24,871 | -11.4% |
| Fixed assets | 21/28 | €16,267 | €5,726 | -€10,541 | -64.8% |
| Tangible fixed assets | 22/27 | €16,267 | €5,726 | -€10,541 | -64.8% |
| Land and buildings | 22 | €2,152 | €1,883 | -€269 | -12.5% |
| Plant, machinery and equipment | 23 | €188 | €0 | -€188 | -100.0% |
| Furniture and vehicles | 24 | €13,927 | €3,843 | -€10,084 | -72.4% |
| Current assets | 29/58 | €202,092 | €187,761 | -€14,330 | -7.1% |
| Amounts receivable after more than one year | 29 | €75,000 | €75,000 | = | 0.0% |
| Other amounts receivable | 291 | €75,000 | €75,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €39,423 | €29,351 | -€10,072 | -25.5% |
| Trade receivables | 40 | €14,981 | €11,305 | -€3,676 | -24.5% |
| Other amounts receivable | 41 | €24,443 | €18,047 | -€6,396 | -26.2% |
| Cash at bank and in hand | 54/58 | €79,432 | €80,998 | +€1,566 | +2.0% |
| Deferred charges and accrued income | 490/1 | €8,236 | €2,412 | -€5,825 | -70.7% |
| Total equity and liabilities | 10/49 | €218,359 | €193,488 | -€24,871 | -11.4% |
| Equity | 10/15 | €208,823 | €189,347 | -€19,476 | -9.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €222,548 | €222,548 | = | 0.0% |
| Distributable reserves | 133 | €222,548 | €222,548 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,318 | -€51,794 | -€19,476 | -60.3% |
| Amounts payable | 17/49 | €9,536 | €4,141 | -€5,395 | -56.6% |
| Amounts payable within one year | 42/48 | €9,536 | €4,141 | -€5,395 | -56.6% |
| Trade debts | 44 | €4,153 | €2,813 | -€1,340 | -32.3% |
| Suppliers | 440/4 | €4,153 | €2,813 | -€1,340 | -32.3% |
| Taxes, remuneration and social security | 45 | €5,384 | €1,328 | -€4,056 | -75.3% |
| Taxes | 450/3 | €5,384 | €1,328 | -€4,056 | -75.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,205 | €12,472 | -€4,733 | -27.5% |
| Other operating charges | 640/8 | €189 | €128 | -€61 | -32.4% |
| Gross operating margin | 9900 | -€19,658 | -€6,465 | +€13,193 | +67.1% |
| Operating profit (loss) | 9901 | -€37,052 | -€19,065 | +€17,987 | +48.5% |
| Financial income | 75/76B | €0 | €0 | +€0 | +350.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +350.0% |
| Financial charges | 65/66B | €245 | €258 | +€13 | +5.3% |
| Recurring financial charges | 65 | €245 | €258 | +€13 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | -€37,297 | -€19,323 | +€17,974 | +48.2% |
| Income taxes | 67/77 | €169 | €153 | -€16 | -9.4% |
| Profit (loss) for the period | 9904 | -€37,466 | -€19,476 | +€17,990 | +48.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,466 | -€19,476 | +€17,990 | +48.0% |
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 7 October 2026 via checked.be.