VAMO: 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.
VAMO
Largest movements
- Tangible fixed assets +€1,252
up €1,252 (+52.8%), from €2,371 to €3,623
of which Land and buildings: +€1,372
- Receivables within one year -€1,077
down €1,077 (-15.5%), from €6,971 to €5,894
of which Trade receivables: -€1,077
- Cash +€1,064
up €1,064 (+7.6%), from €13,966 to €15,031
mainly Net result for the year (+€8,211) and Other debts (+€1,276)
- Current investments -€930
down €930 (-5.9%), from €15,689 to €14,758
- Trade debts -€9,499
down €9,499 (-86.9%), from €10,931 to €1,433
- Profit (loss) carried forward +€8,211
up €8,211 (+8.8%), from -€93,676 to -€85,465
- Other debts +€1,276
up €1,276 (+1.3%), from €99,692 to €100,968
- Gross operating margin +€11,290
up €11,290 (+115.4%), from €9,780 to €21,070
- Depreciation -€6,576
down €6,576 (-93.6%), from €7,027 to €450
- Other operating charges +€413
up €413 (+3.4%), from €11,981 to €12,394
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €51,708 | €52,017 | +€309 | +0.6% |
| Fixed assets | 21/28 | €15,082 | €16,334 | +€1,252 | +8.3% |
| Tangible fixed assets | 22/27 | €2,371 | €3,623 | +€1,252 | +52.8% |
| Land and buildings | 22 | €2,201 | €3,573 | +€1,372 | +62.3% |
| Plant, machinery and equipment | 23 | €170 | €50 | -€120 | -70.6% |
| Financial fixed assets | 28 | €12,711 | €12,711 | = | 0.0% |
| Current assets | 29/58 | €36,626 | €35,683 | -€943 | -2.6% |
| Amounts receivable within one year | 40/41 | €6,971 | €5,894 | -€1,077 | -15.5% |
| Trade receivables | 40 | €6,946 | €5,869 | -€1,077 | -15.5% |
| Other amounts receivable | 41 | €25 | €25 | = | 0.0% |
| Current investments | 50/53 | €15,689 | €14,758 | -€930 | -5.9% |
| Cash at bank and in hand | 54/58 | €13,966 | €15,031 | +€1,064 | +7.6% |
| Total equity and liabilities | 10/49 | €51,708 | €52,017 | +€309 | +0.6% |
| Equity | 10/15 | -€60,106 | -€51,894 | +€8,211 | +13.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €14,971 | €14,971 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €13,111 | €13,111 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€93,676 | -€85,465 | +€8,211 | +8.8% |
| Amounts payable | 17/49 | €111,813 | €103,911 | -€7,902 | -7.1% |
| Amounts payable within one year | 42/48 | €111,813 | €103,911 | -€7,902 | -7.1% |
| Trade debts | 44 | €10,931 | €1,433 | -€9,499 | -86.9% |
| Suppliers | 440/4 | €10,931 | €1,433 | -€9,499 | -86.9% |
| Taxes, remuneration and social security | 45 | €1,189 | €1,510 | +€321 | +26.9% |
| Taxes | 450/3 | €1,189 | €1,510 | +€321 | +26.9% |
| Other amounts payable | 47/48 | €99,692 | €100,968 | +€1,276 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,027 | €450 | -€6,576 | -93.6% |
| Other operating charges | 640/8 | €11,981 | €12,394 | +€413 | +3.4% |
| Gross operating margin | 9900 | €9,780 | €21,070 | +€11,290 | +115.4% |
| Operating profit (loss) | 9901 | -€9,227 | €8,226 | +€17,453 | |
| Financial income | 75/76B | €116 | €102 | -€14 | -12.3% |
| Recurring financial income | 75 | €116 | €102 | -€14 | -12.3% |
| Financial charges | 65/66B | €83 | €113 | +€29 | +35.4% |
| Recurring financial charges | 65 | €83 | €113 | +€29 | +35.4% |
| Profit (loss) for the period before taxes | 9903 | -€9,195 | €8,215 | +€17,410 | |
| Income taxes | 67/77 | - | €4 | +€4 | |
| Profit (loss) for the period | 9904 | -€9,195 | €8,211 | +€17,406 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,195 | €8,211 | +€17,406 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.