VAMI: 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.
VAMI
Largest movements
- Tangible fixed assets -€12,401
down €12,401 (-2.6%), from €470,902 to €458,501
- Profit (loss) carried forward -€7,711
down €7,711 (-59.2%), from -€13,020 to -€20,731
- Gross operating margin -€3,495
down €3,495 (-52.7%), from €6,638 to €3,143
- Depreciation +€68
up €68 (+0.5%), from €12,731 to €12,800
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 | €474,399 | €462,310 | -€12,089 | -2.5% |
| Fixed assets | 21/28 | €473,232 | €460,831 | -€12,401 | -2.6% |
| Tangible fixed assets | 22/27 | €470,902 | €458,501 | -€12,401 | -2.6% |
| Land and buildings | 22 | €470,902 | €458,501 | -€12,401 | -2.6% |
| Financial fixed assets | 28 | €2,330 | €2,330 | = | 0.0% |
| Current assets | 29/58 | €1,167 | €1,480 | +€312 | +26.8% |
| Cash at bank and in hand | 54/58 | €1,167 | €1,480 | +€312 | +26.8% |
| Total equity and liabilities | 10/49 | €474,399 | €462,310 | -€12,089 | -2.5% |
| Equity | 10/15 | €139,179 | €128,651 | -€10,528 | -7.6% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €90,225 | €87,409 | -€2,816 | -3.1% |
| Non-distributable reserves | 130/1 | €1,705 | €1,705 | = | 0.0% |
| Legal reserve | 130 | €1,705 | €1,705 | = | 0.0% |
| Tax-exempt reserves | 132 | €59,145 | €56,328 | -€2,816 | -4.8% |
| Distributable reserves | 133 | €29,375 | €29,375 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,020 | -€20,731 | -€7,711 | -59.2% |
| Provisions and deferred taxes | 16 | €30,455 | €29,005 | -€1,450 | -4.8% |
| Deferred taxes | 168 | €30,455 | €29,005 | -€1,450 | -4.8% |
| Amounts payable | 17/49 | €304,765 | €304,655 | -€111 | 0.0% |
| Amounts payable within one year | 42/48 | €304,765 | €304,655 | -€111 | 0.0% |
| Trade debts | 44 | €111 | - | -€111 | |
| Suppliers | 440/4 | €111 | - | -€111 | |
| Other amounts payable | 47/48 | €304,655 | €304,655 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,731 | €12,800 | +€68 | +0.5% |
| Other operating charges | 640/8 | €1,954 | €1,990 | +€37 | +1.9% |
| Gross operating margin | 9900 | €6,638 | €3,143 | -€3,495 | -52.7% |
| Operating profit (loss) | 9901 | -€8,047 | -€11,648 | -€3,600 | -44.7% |
| Financial charges | 65/66B | €332 | €330 | -€1 | -0.4% |
| Recurring financial charges | 65 | €332 | €330 | -€1 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | -€8,379 | -€11,978 | -€3,599 | -43.0% |
| Transfer from deferred taxes | 780 | €1,450 | €1,450 | = | 0.0% |
| Income taxes | 67/77 | €9 | - | -€9 | |
| Profit (loss) for the period | 9904 | -€6,938 | -€10,528 | -€3,590 | -51.7% |
| Transfer from tax-exempt reserves | 789 | €2,816 | €2,816 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,121 | -€7,711 | -€3,590 | -87.1% |
Source: filed annual accounts (NBB), financial years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.