VAMKA: 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.
VAMKA
Largest movements
- Receivables within one year +€12,962
up €12,962 (+76.5%), from €16,947 to €29,910
of which Trade receivables: +€12,757
- Cash +€11,639
up €11,639 (+45.4%), from €25,640 to €37,279
mainly Tax, wage and social debts (+€14,008) and Net result for the year (+€9,428)
- Tangible fixed assets +€784
new in 2025: €784
- Tax, wage and social debts +€14,008
up €14,008 (+156.5%), from €8,953 to €22,961
of which Taxes: +€9,355
- Reserves +€9,428
up €9,428 (+30.1%), from €31,367 to €40,795
- Trade debts +€3,773
up €3,773 (+1097.0%), from €344 to €4,117
- Other debts -€1,824
no longer reported in 2025 (was €1,824)
- Gross operating margin -€16,544
down €16,544 (-26.7%), from €62,060 to €45,516
- Staff costs +€6,961
up €6,961 (+31.1%), from €22,416 to €29,377
- Taxes -€4,026
down €4,026 (-49.8%), from €8,084 to €4,058
- Other operating charges +€1,123
up €1,123 (+170.3%), from €659 to €1,783
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 | €42,588 | €67,972 | +€25,385 | +59.6% |
| Fixed assets | 21/28 | - | €784 | +€784 | |
| Tangible fixed assets | 22/27 | - | €784 | +€784 | |
| Plant, machinery and equipment | 23 | - | €784 | +€784 | |
| Current assets | 29/58 | €42,588 | €67,189 | +€24,601 | +57.8% |
| Amounts receivable within one year | 40/41 | €16,947 | €29,910 | +€12,962 | +76.5% |
| Trade receivables | 40 | €13,312 | €26,069 | +€12,757 | +95.8% |
| Other amounts receivable | 41 | €3,636 | €3,841 | +€205 | +5.6% |
| Cash at bank and in hand | 54/58 | €25,640 | €37,279 | +€11,639 | +45.4% |
| Total equity and liabilities | 10/49 | €42,588 | €67,972 | +€25,385 | +59.6% |
| Equity | 10/15 | €31,467 | €40,895 | +€9,428 | +30.0% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €31,367 | €40,795 | +€9,428 | +30.1% |
| Distributable reserves | 133 | €31,367 | €40,795 | +€9,428 | +30.1% |
| Amounts payable | 17/49 | €11,121 | €27,078 | +€15,957 | +143.5% |
| Amounts payable within one year | 42/48 | €11,121 | €27,078 | +€15,957 | +143.5% |
| Trade debts | 44 | €344 | €4,117 | +€3,773 | +1097.0% |
| Suppliers | 440/4 | €344 | €4,117 | +€3,773 | +1097.0% |
| Taxes, remuneration and social security | 45 | €8,953 | €22,961 | +€14,008 | +156.5% |
| Taxes | 450/3 | €8,282 | €17,637 | +€9,355 | +113.0% |
| Remuneration and social security | 454/9 | €671 | €5,324 | +€4,653 | +693.4% |
| Other amounts payable | 47/48 | €1,824 | - | -€1,824 | |
| Remuneration, social security and pensions | 62 | €22,416 | €29,377 | +€6,961 | +31.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €216 | +€216 | |
| Other operating charges | 640/8 | €659 | €1,783 | +€1,123 | +170.3% |
| Gross operating margin | 9900 | €62,060 | €45,516 | -€16,544 | -26.7% |
| Operating profit (loss) | 9901 | €38,985 | €14,140 | -€24,845 | -63.7% |
| Financial income | 75/76B | - | €104 | +€104 | |
| Recurring financial income | 75 | - | €104 | +€104 | |
| Financial charges | 65/66B | €324 | €758 | +€434 | +133.9% |
| Recurring financial charges | 65 | €324 | €758 | +€434 | +133.9% |
| Profit (loss) for the period before taxes | 9903 | €38,661 | €13,486 | -€25,174 | -65.1% |
| Income taxes | 67/77 | €8,084 | €4,058 | -€4,026 | -49.8% |
| Profit (loss) for the period | 9904 | €30,577 | €9,428 | -€21,148 | -69.2% |
| Profit (loss) for the period to be appropriated | 9905 | €30,577 | €9,428 | -€21,148 | -69.2% |
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 29 September 2026 via checked.be.