VAMICON: 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.
VAMICON
Largest movements
- Cash +€73,888
up €73,888 (+103.2%), from €71,578 to €145,466
mainly Net result for the year (+€106,174) and Deferred charges and accrued income (+€17,611)
- Receivables within one year +€18,801
up €18,801 (+86.7%), from €21,676 to €40,477
of which Other amounts receivable: +€11,617
- Deferred charges and accrued income -€17,611
down €17,611 (-79.7%), from €22,085 to €4,474
- Tangible fixed assets +€3,068
up €3,068 (+3.1%), from €100,274 to €103,342
of which Other tangible fixed assets: +€12,025
- Reserves +€106,174
up €106,174 (+121.5%), from €87,372 to €193,546
- Other debts -€31,303
down €31,303 (-36.7%), from €85,383 to €54,080
- Tax, wage and social debts +€15,656
up €15,656 (+93.3%), from €16,786 to €32,441
of which Taxes: +€14,156
- Debts after one year -€13,000
down €13,000 (-100.0%), from €13,000 to €0
- Gross operating margin +€82,009
up €82,009 (+87.4%), from €93,792 to €175,801
- Taxes +€23,680
up €23,680 (+86.0%), from €27,542 to €51,222
- Depreciation +€6,943
up €6,943 (+78.3%), from €8,863 to €15,805
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 | €215,612 | €293,758 | +€78,146 | +36.2% |
| Fixed assets | 21/28 | €100,274 | €103,342 | +€3,068 | +3.1% |
| Tangible fixed assets | 22/27 | €100,274 | €103,342 | +€3,068 | +3.1% |
| Land and buildings | 22 | €42,200 | €40,900 | -€1,300 | -3.1% |
| Plant, machinery and equipment | 23 | €3,046 | €7,321 | +€4,275 | +140.3% |
| Furniture and vehicles | 24 | €49,992 | €38,060 | -€11,932 | -23.9% |
| Other tangible fixed assets | 26 | €5,036 | €17,061 | +€12,025 | +238.8% |
| Current assets | 29/58 | €115,339 | €190,416 | +€75,078 | +65.1% |
| Amounts receivable within one year | 40/41 | €21,676 | €40,477 | +€18,801 | +86.7% |
| Trade receivables | 40 | €17,897 | €25,081 | +€7,184 | +40.1% |
| Other amounts receivable | 41 | €3,779 | €15,396 | +€11,617 | +307.4% |
| Cash at bank and in hand | 54/58 | €71,578 | €145,466 | +€73,888 | +103.2% |
| Deferred charges and accrued income | 490/1 | €22,085 | €4,474 | -€17,611 | -79.7% |
| Total equity and liabilities | 10/49 | €215,612 | €293,758 | +€78,146 | +36.2% |
| Equity | 10/15 | €93,572 | €199,746 | +€106,174 | +113.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €87,372 | €193,546 | +€106,174 | +121.5% |
| Distributable reserves | 133 | €87,372 | €193,546 | +€106,174 | +121.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €122,040 | €94,012 | -€28,028 | -23.0% |
| Amounts payable after more than one year | 17 | €13,000 | €0 | -€13,000 | -100.0% |
| Financial debts | 170/4 | €13,000 | €0 | -€13,000 | -100.0% |
| Amounts payable within one year | 42/48 | €107,998 | €92,026 | -€15,972 | -14.8% |
| Trade debts | 44 | €5,829 | €5,505 | -€325 | -5.6% |
| Suppliers | 440/4 | €5,829 | €5,505 | -€325 | -5.6% |
| Taxes, remuneration and social security | 45 | €16,786 | €32,441 | +€15,656 | +93.3% |
| Taxes | 450/3 | €16,786 | €30,941 | +€14,156 | +84.3% |
| Remuneration and social security | 454/9 | - | €1,500 | +€1,500 | |
| Other amounts payable | 47/48 | €85,383 | €54,080 | -€31,303 | -36.7% |
| Accrued charges and deferred income | 492/3 | €1,043 | €1,987 | +€944 | +90.6% |
| Non-recurring operating income | 76A | €1,226 | €0 | -€1,226 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,863 | €15,805 | +€6,943 | +78.3% |
| Other operating charges | 640/8 | €1,315 | €845 | -€470 | -35.7% |
| Gross operating margin | 9900 | €93,792 | €175,801 | +€82,009 | +87.4% |
| Operating profit (loss) | 9901 | €83,615 | €159,151 | +€75,536 | +90.3% |
| Financial income | 75/76B | €24 | €919 | +€895 | +3728.7% |
| Recurring financial income | 75 | €24 | €11 | -€13 | -53.8% |
| Non-recurring financial income | 76B | - | €908 | +€908 | |
| Financial charges | 65/66B | €1,445 | €2,674 | +€1,228 | +85.0% |
| Recurring financial charges | 65 | €1,445 | €2,674 | +€1,228 | +85.0% |
| Profit (loss) for the period before taxes | 9903 | €82,193 | €157,396 | +€75,203 | +91.5% |
| Income taxes | 67/77 | €27,542 | €51,222 | +€23,680 | +86.0% |
| Profit (loss) for the period | 9904 | €54,651 | €106,174 | +€51,523 | +94.3% |
| Profit (loss) for the period to be appropriated | 9905 | €54,651 | €106,174 | +€51,523 | +94.3% |
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 5 October 2026 via checked.be.