VAMI INTERNATIONAL: 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 INTERNATIONAL
Largest movements
- Stocks and contracts -€2,700
down €2,700 (-15.3%), from €17,700 to €15,000
- Receivables within one year +€2,059
up €2,059, from €0 to €2,059
- Financial fixed assets +€352
up €352 (+363%), from €97 to €449
- Cash +€237
up €237 (+254%), from €93 to €330
mainly Short-term financial debts (+€9,440) and Stocks and contracts (+€2,700)
- Short-term financial debts +€9,440
up €9,440 (+47.3%), from €19,941 to €29,382
- Profit (loss) carried forward -€9,197
down €9,197 (-2.9%), from -€317,705 to -€326,902
- Tax, wage and social debts -€525
down €525 (-18.3%), from €2,870 to €2,345
of which Taxes: -€535
- Trade debts +€445
up €445 (+6.9%), from €6,439 to €6,884
- Other debts -€406
down €406 (-0.5%), from €86,037 to €85,631
- Gross operating margin +€10,205
up €10,205, from -€10,097 to €108
- Other operating charges +€2,824
up €2,824 (+103%), from €2,731 to €5,555
- Financial charges +€1,459
up €1,459 (+67.7%), from €2,155 to €3,614
- Taxes -€167
down €167 (-100%), from €167 to €0
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 | €18,426 | €18,183 | -€243 | -1.3% |
| Fixed assets | 21/28 | €235 | €449 | +€215 | +91.3% |
| Tangible fixed assets | 22/27 | €138 | €0 | -€138 | -100% |
| Furniture and vehicles | 24 | €138 | €0 | -€138 | -100% |
| Financial fixed assets | 28 | €97 | €449 | +€352 | +363% |
| Current assets | 29/58 | €18,191 | €17,734 | -€457 | -2.5% |
| Stocks and contracts in progress | 3 | €17,700 | €15,000 | -€2,700 | -15.3% |
| Stocks | 30/36 | €17,700 | €15,000 | -€2,700 | -15.3% |
| Amounts receivable within one year | 40/41 | €0 | €2,059 | +€2,059 | |
| Trade receivables | 40 | €0 | €2,059 | +€2,059 | |
| Cash at bank and in hand | 54/58 | €93 | €330 | +€237 | +254% |
| Deferred charges and accrued income | 490/1 | €398 | €345 | -€53 | -13.3% |
| Total equity and liabilities | 10/49 | €18,426 | €18,183 | -€243 | -1.3% |
| Equity | 10/15 | -€96,862 | -€106,059 | -€9,197 | -9.5% |
| Contributions | 10/11 | €100,528 | €100,528 | = | 0.0% |
| Revaluation surpluses | 12 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €114,118 | €114,118 | = | 0.0% |
| Distributable reserves | 133 | €114,118 | €114,118 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€317,705 | -€326,902 | -€9,197 | -2.9% |
| Amounts payable | 17/49 | €115,288 | €124,242 | +€8,954 | +7.8% |
| Amounts payable within one year | 42/48 | €115,288 | €124,242 | +€8,954 | +7.8% |
| Financial debts | 43 | €19,941 | €29,382 | +€9,440 | +47.3% |
| Credit institutions | 430/8 | €19,941 | €29,382 | +€9,440 | +47.3% |
| Trade debts | 44 | €6,439 | €6,884 | +€445 | +6.9% |
| Suppliers | 440/4 | €6,439 | €6,884 | +€445 | +6.9% |
| Taxes, remuneration and social security | 45 | €2,870 | €2,345 | -€525 | -18.3% |
| Taxes | 450/3 | €1,120 | €585 | -€535 | -47.8% |
| Remuneration and social security | 454/9 | €1,751 | €1,761 | +€10 | +0.6% |
| Other amounts payable | 47/48 | €86,037 | €85,631 | -€406 | -0.5% |
| Non-recurring operating income | 76A | - | €1,650 | +€1,650 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €138 | €138 | -€0 | 0.0% |
| Other operating charges | 640/8 | €2,731 | €5,555 | +€2,824 | +103% |
| Non-recurring operating charges | 66A | €3,241 | €0 | -€3,241 | -100% |
| Gross operating margin | 9900 | -€10,097 | €108 | +€10,205 | |
| Operating profit (loss) | 9901 | -€16,207 | -€5,585 | +€10,623 | +65.5% |
| Financial income | 75/76B | €7 | €1 | -€6 | -79.1% |
| Recurring financial income | 75 | €7 | €1 | -€6 | -79.1% |
| Financial charges | 65/66B | €2,155 | €3,614 | +€1,459 | +67.7% |
| Recurring financial charges | 65 | €2,155 | €3,614 | +€1,459 | +67.7% |
| Profit (loss) for the period before taxes | 9903 | -€18,356 | -€9,197 | +€9,159 | +49.9% |
| Income taxes | 67/77 | €167 | €0 | -€167 | -100% |
| Profit (loss) for the period | 9904 | -€18,523 | -€9,197 | +€9,326 | +50.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,523 | -€9,197 | +€9,326 | +50.3% |
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 31 October 2026 via checked.be.