Vamitec: 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.
Vamitec
Largest movements
- Tangible fixed assets +€586,075
up €586,075 (+251%), from €233,781 to €819,855
of which Land and buildings: +€618,605
- Receivables within one year +€41,312
up €41,312 (+91.2%), from €45,293 to €86,604
of which Trade receivables: +€28,549
- Cash -€34,804
down €34,804 (-8.7%), from €399,704 to €364,900
mainly Investment in fixed assets (net) (-€637,692) and Contributions, distributions and other (-€69,500)
- Debts after one year +€587,398
up €587,398 (+872%), from €67,368 to €654,766
- Other debts -€67,677
down €67,677 (-69.9%), from €96,767 to €29,089
- Reserves +€34,817
up €34,817 (+9.4%), from €369,162 to €403,980
- Current portion of long-term debt +€27,113
up €27,113 (+95.6%), from €28,373 to €55,485
- Trade debts +€14,040
up €14,040 (+15.9%), from €88,156 to €102,196
- Gross operating margin -€28,015
down €28,015 (-9.7%), from €287,732 to €259,717
- Staff costs -€26,650
down €26,650 (-46.4%), from €57,483 to €30,833
- Financial charges +€7,623
up €7,623 (+62.0%), from €12,292 to €19,914
- Depreciation +€5,259
up €5,259 (+11.3%), from €46,358 to €51,618
- Taxes -€4,702
down €4,702 (-8.5%), from €54,995 to €50,293
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 | €678,777 | €1,271,360 | +€592,583 | +87.3% |
| Fixed assets | 21/28 | €233,781 | €819,855 | +€586,075 | +251% |
| Tangible fixed assets | 22/27 | €233,781 | €819,855 | +€586,075 | +251% |
| Land and buildings | 22 | €118,030 | €736,635 | +€618,605 | +524% |
| Plant, machinery and equipment | 23 | €11,364 | €9,044 | -€2,320 | -20.4% |
| Furniture and vehicles | 24 | €104,386 | €74,176 | -€30,210 | -28.9% |
| Current assets | 29/58 | €444,996 | €451,505 | +€6,508 | +1.5% |
| Amounts receivable within one year | 40/41 | €45,293 | €86,604 | +€41,312 | +91.2% |
| Trade receivables | 40 | €14,746 | €43,294 | +€28,549 | +194% |
| Other amounts receivable | 41 | €30,547 | €43,310 | +€12,763 | +41.8% |
| Cash at bank and in hand | 54/58 | €399,704 | €364,900 | -€34,804 | -8.7% |
| Total equity and liabilities | 10/49 | €678,777 | €1,271,360 | +€592,583 | +87.3% |
| Equity | 10/15 | €389,622 | €424,440 | +€34,817 | +8.9% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €369,162 | €403,980 | +€34,817 | +9.4% |
| Distributable reserves | 133 | €369,162 | €403,980 | +€34,817 | +9.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €289,155 | €846,920 | +€557,766 | +193% |
| Amounts payable after more than one year | 17 | €67,368 | €654,766 | +€587,398 | +872% |
| Financial debts | 170/4 | €67,368 | €654,766 | +€587,398 | +872% |
| Amounts payable within one year | 42/48 | €221,787 | €192,154 | -€29,633 | -13.4% |
| Current portion of amounts payable after more than one year | 42 | €28,373 | €55,485 | +€27,113 | +95.6% |
| Trade debts | 44 | €88,156 | €102,196 | +€14,040 | +15.9% |
| Suppliers | 440/4 | €88,156 | €102,196 | +€14,040 | +15.9% |
| Taxes, remuneration and social security | 45 | €8,492 | €5,384 | -€3,108 | -36.6% |
| Taxes | 450/3 | €4,591 | €5,134 | +€543 | +11.8% |
| Remuneration and social security | 454/9 | €3,901 | €250 | -€3,651 | -93.6% |
| Other amounts payable | 47/48 | €96,767 | €29,089 | -€67,677 | -69.9% |
| Remuneration, social security and pensions | 62 | €57,483 | €30,833 | -€26,650 | -46.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,358 | €51,618 | +€5,259 | +11.3% |
| Other operating charges | 640/8 | €1,677 | €3,031 | +€1,354 | +80.8% |
| Gross operating margin | 9900 | €287,732 | €259,717 | -€28,015 | -9.7% |
| Operating profit (loss) | 9901 | €182,214 | €174,236 | -€7,978 | -4.4% |
| Financial income | 75/76B | €5 | €288 | +€284 | +6,007% |
| Recurring financial income | 75 | €5 | €288 | +€284 | +6,007% |
| Financial charges | 65/66B | €12,292 | €19,914 | +€7,623 | +62.0% |
| Recurring financial charges | 65 | €12,292 | €19,914 | +€7,623 | +62.0% |
| Profit (loss) for the period before taxes | 9903 | €169,927 | €154,610 | -€15,317 | -9.0% |
| Income taxes | 67/77 | €54,995 | €50,293 | -€4,702 | -8.5% |
| Profit (loss) for the period | 9904 | €114,932 | €104,317 | -€10,615 | -9.2% |
| Profit (loss) for the period to be appropriated | 9905 | €114,932 | €104,317 | -€10,615 | -9.2% |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.