VAMOCO: 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.
VAMOCO
Largest movements
- Tangible fixed assets -€26,052
down €26,052 (-17.9%), from €145,918 to €119,866
of which Land and buildings: -€24,448
- Receivables within one year +€10,792
up €10,792 (+28.6%), from €37,797 to €48,589
of which Other amounts receivable: +€8,338
- Cash -€5,225
down €5,225 (-9.9%), from €52,731 to €47,506
mainly Debts after one year (-€26,494) and Receivables within one year (-€10,792)
- Debts after one year -€26,494
down €26,494 (-18.1%), from €146,140 to €119,646
- Reserves +€7,736
up €7,736 (+47.6%), from €16,244 to €23,980
- Tax, wage and social debts -€2,489
down €2,489 (-75.5%), from €3,298 to €810
- Other operating charges +€2,530
up €2,530 (+396.5%), from €638 to €3,168
- Gross operating margin +€2,208
up €2,208 (+5.2%), from €42,447 to €44,656
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 | €236,446 | €215,961 | -€20,485 | -8.7% |
| Fixed assets | 21/28 | €145,918 | €119,866 | -€26,052 | -17.9% |
| Tangible fixed assets | 22/27 | €145,918 | €119,866 | -€26,052 | -17.9% |
| Land and buildings | 22 | €144,314 | €119,866 | -€24,448 | -16.9% |
| Furniture and vehicles | 24 | €1,604 | - | -€1,604 | |
| Current assets | 29/58 | €90,528 | €96,095 | +€5,567 | +6.1% |
| Amounts receivable within one year | 40/41 | €37,797 | €48,589 | +€10,792 | +28.6% |
| Trade receivables | 40 | €4,845 | €7,299 | +€2,454 | +50.6% |
| Other amounts receivable | 41 | €32,952 | €41,290 | +€8,338 | +25.3% |
| Cash at bank and in hand | 54/58 | €52,731 | €47,506 | -€5,225 | -9.9% |
| Total equity and liabilities | 10/49 | €236,446 | €215,961 | -€20,485 | -8.7% |
| Equity | 10/15 | €61,244 | €68,980 | +€7,736 | +12.6% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Reserves | 13 | €16,244 | €23,980 | +€7,736 | +47.6% |
| Distributable reserves | 133 | €16,244 | €23,980 | +€7,736 | +47.6% |
| Amounts payable | 17/49 | €175,201 | €146,980 | -€28,221 | -16.1% |
| Amounts payable after more than one year | 17 | €146,140 | €119,646 | -€26,494 | -18.1% |
| Financial debts | 170/4 | €146,140 | €119,646 | -€26,494 | -18.1% |
| Amounts payable within one year | 42/48 | €29,062 | €27,334 | -€1,727 | -5.9% |
| Current portion of amounts payable after more than one year | 42 | €25,728 | €26,494 | +€766 | +3.0% |
| Trade debts | 44 | €35 | €31 | -€4 | -12.7% |
| Suppliers | 440/4 | €35 | €31 | -€4 | -12.7% |
| Taxes, remuneration and social security | 45 | €3,298 | €810 | -€2,489 | -75.5% |
| Taxes | 450/3 | €3,298 | €810 | -€2,489 | -75.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,373 | €26,052 | -€321 | -1.2% |
| Other operating charges | 640/8 | €638 | €3,168 | +€2,530 | +396.5% |
| Gross operating margin | 9900 | €42,447 | €44,656 | +€2,208 | +5.2% |
| Operating profit (loss) | 9901 | €15,436 | €15,436 | -€1 | 0.0% |
| Financial charges | 65/66B | €5,523 | €5,121 | -€402 | -7.3% |
| Recurring financial charges | 65 | €5,523 | €5,121 | -€402 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €9,913 | €10,315 | +€401 | +4.0% |
| Income taxes | 67/77 | €2,478 | €2,579 | +€100 | +4.0% |
| Profit (loss) for the period | 9904 | €7,435 | €7,736 | +€301 | +4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,435 | €7,736 | +€301 | +4.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.