VAMIELEC: 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.
VAMIELEC
Largest movements
- Receivables within one year +€51,571
up €51,571 (+41.0%), from €125,842 to €177,413
of which Trade receivables: +€54,940
- Cash -€13,171
down €13,171 (-60.2%), from €21,871 to €8,701
mainly Receivables within one year (-€51,571) and Trade debts (-€36,945)
- Tangible fixed assets -€11,763
down €11,763 (-60.2%), from €19,541 to €7,778
of which Furniture and vehicles: -€11,667
- Debts after one year +€47,254
up €47,254 (+19.6%), from €240,868 to €288,122
of which Other amounts payable: +€72,846
- Trade debts -€36,945
down €36,945 (-22.5%), from €163,882 to €126,937
- Current portion of long-term debt +€8,222
up €8,222 (+11.0%), from €74,721 to €82,943
- Tax, wage and social debts +€6,535
up €6,535 (+61.2%), from €10,684 to €17,219
of which Taxes: +€6,743
- Staff costs -€38,865
down €38,865 (-16.5%), from €235,640 to €196,775
- Gross operating margin -€25,414
down €25,414 (-9.1%), from €278,900 to €253,485
- Financial charges +€4,256
up €4,256 (+12.4%), from €34,369 to €38,626
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 | €611,037 | €636,357 | +€25,320 | +4.1% |
| Fixed assets | 21/28 | €19,541 | €7,778 | -€11,763 | -60.2% |
| Tangible fixed assets | 22/27 | €19,541 | €7,778 | -€11,763 | -60.2% |
| Plant, machinery and equipment | 23 | €96 | - | -€96 | |
| Furniture and vehicles | 24 | €19,445 | €7,778 | -€11,667 | -60.0% |
| Current assets | 29/58 | €591,496 | €628,578 | +€37,083 | +6.3% |
| Stocks and contracts in progress | 3 | €443,703 | €442,465 | -€1,238 | -0.3% |
| Stocks | 30/36 | €244,738 | €279,790 | +€35,052 | +14.3% |
| Contracts in progress | 37 | €198,965 | €162,675 | -€36,290 | -18.2% |
| Amounts receivable within one year | 40/41 | €125,842 | €177,413 | +€51,571 | +41.0% |
| Trade receivables | 40 | €120,842 | €175,781 | +€54,940 | +45.5% |
| Other amounts receivable | 41 | €5,000 | €1,632 | -€3,369 | -67.4% |
| Cash at bank and in hand | 54/58 | €21,871 | €8,701 | -€13,171 | -60.2% |
| Deferred charges and accrued income | 490/1 | €79 | - | -€79 | |
| Total equity and liabilities | 10/49 | €611,037 | €636,357 | +€25,320 | +4.1% |
| Equity | 10/15 | €70,882 | €71,136 | +€254 | +0.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Contributions outside capital | 11 | €25,000 | €25,000 | = | 0.0% |
| Other | 1109/19 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €69,898 | €69,898 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,479 | €2,479 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,479 | €2,479 | = | 0.0% |
| Distributable reserves | 133 | €67,419 | €67,419 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,017 | -€23,762 | +€254 | +1.1% |
| Amounts payable | 17/49 | €540,155 | €565,221 | +€25,066 | +4.6% |
| Amounts payable after more than one year | 17 | €240,868 | €288,122 | +€47,254 | +19.6% |
| Financial debts | 170/4 | €199,409 | €173,817 | -€25,592 | -12.8% |
| Other amounts payable | 178/9 | €41,459 | €114,305 | +€72,846 | +176% |
| Amounts payable within one year | 42/48 | €299,287 | €277,099 | -€22,188 | -7.4% |
| Current portion of amounts payable after more than one year | 42 | €74,721 | €82,943 | +€8,222 | +11.0% |
| Financial debts | 43 | €50,000 | €50,000 | = | 0.0% |
| Credit institutions | 430/8 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €163,882 | €126,937 | -€36,945 | -22.5% |
| Suppliers | 440/4 | €163,882 | €126,937 | -€36,945 | -22.5% |
| Taxes, remuneration and social security | 45 | €10,684 | €17,219 | +€6,535 | +61.2% |
| Taxes | 450/3 | €754 | €7,497 | +€6,743 | +895% |
| Remuneration and social security | 454/9 | €9,930 | €9,722 | -€209 | -2.1% |
| Remuneration, social security and pensions | 62 | €235,640 | €196,775 | -€38,865 | -16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,782 | €12,513 | +€731 | +6.2% |
| Other operating charges | 640/8 | €3,130 | €2,264 | -€866 | -27.7% |
| Gross operating margin | 9900 | €278,900 | €253,485 | -€25,414 | -9.1% |
| Operating profit (loss) | 9901 | €28,347 | €41,933 | +€13,586 | +47.9% |
| Financial income | 75/76B | €59 | €150 | +€91 | +154% |
| Recurring financial income | 75 | €59 | €150 | +€91 | +154% |
| Financial charges | 65/66B | €34,369 | €38,626 | +€4,256 | +12.4% |
| Recurring financial charges | 65 | €34,369 | €38,626 | +€4,256 | +12.4% |
| Profit (loss) for the period before taxes | 9903 | -€5,963 | €3,457 | +€9,420 | |
| Income taxes | 67/77 | €1,455 | €3,203 | +€1,747 | +120% |
| Profit (loss) for the period | 9904 | -€7,419 | €254 | +€7,673 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,419 | €254 | +€7,673 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.