VAMI PREPRESS: 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.
VAMI PREPRESS
Largest movements
- Tangible fixed assets +€917,004
up €917,004 (+99.6%), from €920,591 to €1.8m
of which Land and buildings: +€916,959
- Cash +€241,356
up €241,356 (+670.4%), from €36,001 to €277,358
mainly Net result for the year (+€1.0m) and Debts after one year (+€845,000)
- Receivables within one year +€139,057
up €139,057 (+41.2%), from €337,414 to €476,472
of which Other amounts receivable: +€149,155
- Reserves +€946,085
up €946,085 (+99.3%), from €952,893 to €1.9m
of which Distributable reserves: +€946,085
- Debts after one year +€845,000
new in 2025: €845,000
- Other debts -€291,933
down €291,933 (-99.9%), from €292,257 to €325
- Short-term financial debts -€273,525
down €273,525 (-100.0%), from €273,525 to €0
- Current portion of long-term debt +€55,000
up €55,000, from €0 to €55,000
- Gross operating margin +€1.3m
up €1.3m (+450.5%), from €289,971 to €1.6m
- Taxes +€398,975
up €398,975 (+505.6%), from €78,905 to €477,881
- Financial income -€174,780
down €174,780 (-94.4%), from €185,082 to €10,302
of which Non-recurring financial income: -€185,081
- Financial charges +€17,054
up €17,054 (+182.7%), from €9,333 to €26,386
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 | €1,598,955 | €2,887,150 | +€1.3m | +80.6% |
| Fixed assets | 21/28 | €1,221,109 | €2,129,921 | +€908,812 | +74.4% |
| Tangible fixed assets | 22/27 | €920,591 | €1,837,595 | +€917,004 | +99.6% |
| Land and buildings | 22 | €909,196 | €1,826,155 | +€916,959 | +100.9% |
| Furniture and vehicles | 24 | €11,395 | €11,440 | +€45 | +0.4% |
| Financial fixed assets | 28 | €300,518 | €292,326 | -€8,192 | -2.7% |
| Current assets | 29/58 | €377,847 | €757,229 | +€379,383 | +100.4% |
| Amounts receivable within one year | 40/41 | €337,414 | €476,472 | +€139,057 | +41.2% |
| Trade receivables | 40 | €218,212 | €208,115 | -€10,098 | -4.6% |
| Other amounts receivable | 41 | €119,202 | €268,357 | +€149,155 | +125.1% |
| Cash at bank and in hand | 54/58 | €36,001 | €277,358 | +€241,356 | +670.4% |
| Deferred charges and accrued income | 490/1 | €4,431 | €3,400 | -€1,031 | -23.3% |
| Total equity and liabilities | 10/49 | €1,598,955 | €2,887,150 | +€1.3m | +80.6% |
| Equity | 10/15 | €959,098 | €1,905,183 | +€946,085 | +98.6% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €952,893 | €1,898,978 | +€946,085 | +99.3% |
| Tax-exempt reserves | 132 | €9,166 | €9,166 | = | 0.0% |
| Distributable reserves | 133 | €943,727 | €1,889,812 | +€946,085 | +100.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €639,857 | €981,967 | +€342,110 | +53.5% |
| Amounts payable after more than one year | 17 | - | €845,000 | +€845,000 | |
| Financial debts | 170/4 | - | €845,000 | +€845,000 | |
| Amounts payable within one year | 42/48 | €638,875 | €136,967 | -€501,908 | -78.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | €55,000 | +€55,000 | |
| Financial debts | 43 | €273,525 | €0 | -€273,525 | -100.0% |
| Credit institutions | 430/8 | €273,525 | €0 | -€273,525 | -100.0% |
| Trade debts | 44 | €2,692 | €30,453 | +€27,761 | +1031.2% |
| Suppliers | 440/4 | €2,692 | €30,453 | +€27,761 | +1031.2% |
| Taxes, remuneration and social security | 45 | €70,401 | €51,190 | -€19,211 | -27.3% |
| Taxes | 450/3 | €69,613 | €51,190 | -€18,424 | -26.5% |
| Remuneration and social security | 454/9 | €788 | €0 | -€788 | -100.0% |
| Other amounts payable | 47/48 | €292,257 | €325 | -€291,933 | -99.9% |
| Accrued charges and deferred income | 492/3 | €982 | €0 | -€982 | -100.0% |
| Non-recurring operating income | 76A | €1,629 | €1,402,869 | +€1.4m | +85995.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,423 | €57,492 | -€5,931 | -9.4% |
| Other operating charges | 640/8 | €5,578 | €7,197 | +€1,618 | +29.0% |
| Gross operating margin | 9900 | €289,971 | €1,596,225 | +€1.3m | +450.5% |
| Operating profit (loss) | 9901 | €220,970 | €1,531,536 | +€1.3m | +593.1% |
| Financial income | 75/76B | €185,082 | €10,302 | -€174,780 | -94.4% |
| Recurring financial income | 75 | €1 | €10,302 | +€10,301 | +953799.1% |
| Non-recurring financial income | 76B | €185,081 | €0 | -€185,081 | -100.0% |
| Financial charges | 65/66B | €9,333 | €26,386 | +€17,054 | +182.7% |
| Recurring financial charges | 65 | €9,333 | €26,386 | +€17,054 | +182.7% |
| Profit (loss) for the period before taxes | 9903 | €396,719 | €1,515,452 | +€1.1m | +282.0% |
| Income taxes | 67/77 | €78,905 | €477,881 | +€398,975 | +505.6% |
| Profit (loss) for the period | 9904 | €317,814 | €1,037,572 | +€719,757 | +226.5% |
| Transfer to tax-exempt reserves | 689 | €9,166 | €0 | -€9,166 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €308,649 | €1,037,572 | +€728,923 | +236.2% |
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 3 October 2026 via checked.be.