Vamo: what changed
What changed
Vamo
NACE 43.222, Installation of electric heating, air conditioning, cooling and ventilation
filed annual accounts (NBB)
Net result for the year
€16,580
2024 · €118,759-€102,179
Equity
€747,060
2024 · €730,480+€16,580
Cash
€460,734
2024 · €352,987+€107,747
Balance sheet total
€829,845
2024 · €837,336-€7,491
Largest movements
Assets
- Cash +€107,747
up €107,747 (+30.5%), from €352,987 to €460,734
mainly Receivables within one year (+€82,837) and Depreciation (+€47,618)
- Receivables within one year -€82,837
down €82,837 (-31.2%), from €265,812 to €182,974
of which Trade receivables: -€68,501
- Stocks and contracts -€35,000
down €35,000 (-49.3%), from €70,950 to €35,950
- Deferred charges and accrued income +€9,884
up €9,884 (+1,237%), from €799 to €10,683
Equity and liabilities
- Accrued charges and deferred income -€22,477
down €22,477 (-100%), from €22,477 to €0
- Profit (loss) carried forward +€16,580
up €16,580 (+2.5%), from €668,371 to €684,951
- Current portion of long-term debt +€9,127
up €9,127 (+40.5%), from €22,527 to €31,654
Income statement
- Gross operating margin -€130,102
down €130,102 (-20.3%), from €639,577 to €509,475
- Taxes -€30,539
down €30,539 (-78.0%), from €39,170 to €8,632
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€118,759
Gross operating margin
-€130,102
Staff costs
+€1,613
Depreciation
+€1,621
Other operating charges
-€1,766
Financial income
-€3,574
Financial charges
-€509
Taxes
+€30,539
Result 2025
€16,580
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€149,654
Investment
-€40,333
Financing
-€1,573
Cash 2024
€352,987
From operations (derived)
+€149,654
Net result for the year
+€16,580
Depreciation
+€47,618
Stocks and contracts
+€35,000
Receivables within one year
+€82,837
Deferred charges and accrued income
-€9,884
Trade debts
-€1,119
Tax, wage and social debts
+€432
Other debts
+€665
Accrued charges and deferred income
-€22,477
Investment (derived)
-€40,333
Investment in fixed assets (net)
-€40,333
Financing
-€1,573
Debts after one year
-€3,154
Current portion of long-term debt
+€9,127
Short-term financial debts
-€7,546
Cash 2025
€460,734
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €837,336 | €829,845 | -€7,491 | -0.9% |
| Fixed assets | 21/28 | €146,788 | €139,503 | -€7,285 | -5.0% |
| Tangible fixed assets | 22/27 | €146,788 | €139,503 | -€7,285 | -5.0% |
| Plant, machinery and equipment | 23 | €11,864 | €8,181 | -€3,683 | -31.0% |
| Furniture and vehicles | 24 | €134,924 | €28,258 | -€106,666 | -79.1% |
| Leasing and similar rights | 25 | - | €103,064 | +€103,064 | |
| Current assets | 29/58 | €690,548 | €690,342 | -€206 | 0.0% |
| Stocks and contracts in progress | 3 | €70,950 | €35,950 | -€35,000 | -49.3% |
| Stocks | 30/36 | €70,950 | €35,950 | -€35,000 | -49.3% |
| Amounts receivable within one year | 40/41 | €265,812 | €182,974 | -€82,837 | -31.2% |
| Trade receivables | 40 | €186,982 | €118,481 | -€68,501 | -36.6% |
| Other amounts receivable | 41 | €78,830 | €64,493 | -€14,337 | -18.2% |
| Cash at bank and in hand | 54/58 | €352,987 | €460,734 | +€107,747 | +30.5% |
| Deferred charges and accrued income | 490/1 | €799 | €10,683 | +€9,884 | +1,237% |
| Total equity and liabilities | 10/49 | €837,336 | €829,845 | -€7,491 | -0.9% |
| Equity | 10/15 | €730,480 | €747,060 | +€16,580 | +2.3% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €37,319 | €37,319 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €3,724 | €3,724 | = | 0.0% |
| Distributable reserves | 133 | €33,596 | €33,596 | = | 0.0% |
| Profit (loss) carried forward | 14 | €668,371 | €684,951 | +€16,580 | +2.5% |
| Amounts payable | 17/49 | €106,856 | €82,785 | -€24,072 | -22.5% |
| Amounts payable after more than one year | 17 | €32,169 | €29,015 | -€3,154 | -9.8% |
| Financial debts | 170/4 | €32,169 | €29,015 | -€3,154 | -9.8% |
| Amounts payable within one year | 42/48 | €52,210 | €53,769 | +€1,559 | +3.0% |
| Current portion of amounts payable after more than one year | 42 | €22,527 | €31,654 | +€9,127 | +40.5% |
| Financial debts | 43 | €7,546 | €0 | -€7,546 | -100% |
| Credit institutions | 430/8 | €7,546 | €0 | -€7,546 | -100% |
| Trade debts | 44 | €12,867 | €11,748 | -€1,119 | -8.7% |
| Suppliers | 440/4 | €12,867 | €11,748 | -€1,119 | -8.7% |
| Taxes, remuneration and social security | 45 | €8,312 | €8,744 | +€432 | +5.2% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €8,312 | €8,744 | +€432 | +5.2% |
| Other amounts payable | 47/48 | €959 | €1,624 | +€665 | +69.4% |
| Accrued charges and deferred income | 492/3 | €22,477 | €0 | -€22,477 | -100% |
| Non-recurring operating income | 76A | €2,500 | €0 | -€2,500 | -100% |
| Remuneration, social security and pensions | 62 | €437,513 | €435,899 | -€1,613 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,240 | €47,618 | -€1,621 | -3.3% |
| Other operating charges | 640/8 | €5,657 | €7,424 | +€1,766 | +31.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €639,577 | €509,475 | -€130,102 | -20.3% |
| Operating profit (loss) | 9901 | €147,168 | €18,534 | -€128,634 | -87.4% |
| Financial income | 75/76B | €18,163 | €14,589 | -€3,574 | -19.7% |
| Recurring financial income | 75 | €18,163 | €14,589 | -€3,574 | -19.7% |
| Financial charges | 65/66B | €7,402 | €7,911 | +€509 | +6.9% |
| Recurring financial charges | 65 | €7,402 | €7,911 | +€509 | +6.9% |
| Profit (loss) for the period before taxes | 9903 | €157,929 | €25,212 | -€132,717 | -84.0% |
| Income taxes | 67/77 | €39,170 | €8,632 | -€30,539 | -78.0% |
| Profit (loss) for the period | 9904 | €118,759 | €16,580 | -€102,179 | -86.0% |
| Profit (loss) for the period to be appropriated | 9905 | €118,759 | €16,580 | -€102,179 | -86.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.