VAMI: 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.
What changed
VAMI
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€19,816
2023 · €19,051+€766
Equity
€802,492
2023 · €802,492
Cash
€8,025
2023 · €5,597+€2,428
Balance sheet total
€1.9m
2023 · €1.9m-€38,911
Largest movements
Assets
- Tangible fixed assets -€40,290
down €40,290 (-5.4%), from €739,905 to €699,615
of which Land and buildings: -€36,269
Equity and liabilities
- Debts after one year -€31,823
down €31,823 (-16.9%), from €187,754 to €155,931
of which Financial debts: -€31,823
Income statement
- Gross operating margin +€2,376
up €2,376 (+2.7%), from €89,018 to €91,394
- Other operating charges +€1,362
up €1,362 (+7.2%), from €18,860 to €20,222
From the 2023 result to the 2024 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.
Result 2023
€19,051
Gross operating margin
+€2,376
Depreciation
-€264
Other operating charges
-€1,362
Financial charges
+€738
Taxes
-€722
Result 2024
€19,816
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€61,077
Investment
€0
Financing
-€58,649
Cash 2023
€5,597
From operations (derived)
+€61,077
Net result for the year
+€19,816
Depreciation
+€40,290
Deferred charges and accrued income
+€1,048
Trade debts
-€15,275
Tax, wage and social debts
+€7,441
Other debts
+€10,672
Accrued charges and deferred income
-€2,916
Financing
-€58,649
Debts after one year
-€31,823
Current portion of long-term debt
-€7,009
Contributions, distributions and other
-€19,816
Cash 2024
€8,025
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,902,153 | €1,863,242 | -€38,911 | -2.0% |
| Fixed assets | 21/28 | €1,813,108 | €1,772,818 | -€40,290 | -2.2% |
| Tangible fixed assets | 22/27 | €739,905 | €699,615 | -€40,290 | -5.4% |
| Land and buildings | 22 | €688,978 | €652,709 | -€36,269 | -5.3% |
| Plant, machinery and equipment | 23 | €822 | €616 | -€206 | -25.0% |
| Other tangible fixed assets | 26 | €50,106 | €46,290 | -€3,816 | -7.6% |
| Financial fixed assets | 28 | €1,073,203 | €1,073,203 | = | 0.0% |
| Current assets | 29/58 | €89,045 | €90,424 | +€1,380 | +1.5% |
| Amounts receivable within one year | 40/41 | €82,399 | €82,399 | = | 0.0% |
| Other amounts receivable | 41 | €82,399 | €82,399 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,597 | €8,025 | +€2,428 | +43.4% |
| Deferred charges and accrued income | 490/1 | €1,048 | €0 | -€1,048 | -100.0% |
| Total equity and liabilities | 10/49 | €1,902,153 | €1,863,242 | -€38,911 | -2.0% |
| Equity | 10/15 | €802,492 | €802,492 | = | 0.0% |
| Contributions | 10/11 | €546,268 | €546,268 | = | 0.0% |
| Capital | 10 | €546,268 | €546,268 | = | 0.0% |
| Issued capital | 100 | €546,268 | €546,268 | = | 0.0% |
| Reserves | 13 | €94,627 | €94,627 | = | 0.0% |
| Non-distributable reserves | 130/1 | €94,627 | €94,627 | = | 0.0% |
| Legal reserve | 130 | €94,627 | €94,627 | = | 0.0% |
| Profit (loss) carried forward | 14 | €161,597 | €161,597 | = | 0.0% |
| Amounts payable | 17/49 | €1,099,661 | €1,060,750 | -€38,911 | -3.5% |
| Amounts payable after more than one year | 17 | €187,754 | €155,931 | -€31,823 | -16.9% |
| Financial debts | 170/4 | €187,229 | €155,406 | -€31,823 | -17.0% |
| Other amounts payable | 178/9 | €525 | €525 | = | 0.0% |
| Amounts payable within one year | 42/48 | €908,374 | €904,202 | -€4,172 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | €38,832 | €31,823 | -€7,009 | -18.0% |
| Trade debts | 44 | €15,357 | €82 | -€15,275 | -99.5% |
| Suppliers | 440/4 | €15,357 | €82 | -€15,275 | -99.5% |
| Taxes, remuneration and social security | 45 | €6,720 | €14,161 | +€7,441 | +110.7% |
| Taxes | 450/3 | €6,720 | €14,161 | +€7,441 | +110.7% |
| Other amounts payable | 47/48 | €847,464 | €858,136 | +€10,672 | +1.3% |
| Accrued charges and deferred income | 492/3 | €3,533 | €617 | -€2,916 | -82.5% |
| Non-recurring operating income | 76A | €770 | €0 | -€770 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,026 | €40,290 | +€264 | +0.7% |
| Other operating charges | 640/8 | €18,860 | €20,222 | +€1,362 | +7.2% |
| Gross operating margin | 9900 | €89,018 | €91,394 | +€2,376 | +2.7% |
| Operating profit (loss) | 9901 | €30,131 | €30,881 | +€750 | +2.5% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €4,361 | €3,624 | -€738 | -16.9% |
| Recurring financial charges | 65 | €4,361 | €3,624 | -€738 | -16.9% |
| Profit (loss) for the period before taxes | 9903 | €25,770 | €27,258 | +€1,488 | +5.8% |
| Income taxes | 67/77 | €6,720 | €7,441 | +€722 | +10.7% |
| Profit (loss) for the period | 9904 | €19,051 | €19,816 | +€766 | +4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €19,051 | €19,816 | +€766 | +4.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.