VAMOCOP: 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.
VAMOCOP
Largest movements
- Financial fixed assets +€623,295
up €623,295 (+87.4%), from €713,287 to €1.3m
- Receivables within one year +€42,085
up €42,085 (+260%), from €16,194 to €58,279
of which Other amounts receivable: +€56,279
- Debts after one year +€547,514
up €547,514 (+678%), from €80,760 to €628,274
- Other debts +€100,425
up €100,425 (+259%), from €38,769 to €139,194
- Reserves -€80,962
down €80,962 (-9.6%), from €841,001 to €760,039
- Current portion of long-term debt +€74,187
up €74,187 (+99.2%), from €74,756 to €148,943
- Gross operating margin +€47,691
up €47,691 (+19.3%), from €247,722 to €295,413
- Financial income -€16,095
down €16,095 (-86.4%), from €18,636 to €2,541
- Taxes +€9,562
up €9,562 (+15.5%), from €61,796 to €71,357
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 | €1,109,687 | €1,757,584 | +€647,897 | +58.4% |
| Fixed assets | 21/28 | €940,147 | €1,548,008 | +€607,860 | +64.7% |
| Tangible fixed assets | 22/27 | €226,860 | €211,425 | -€15,435 | -6.8% |
| Land and buildings | 22 | €193,653 | €189,326 | -€4,326 | -2.2% |
| Furniture and vehicles | 24 | €33,207 | €22,099 | -€11,109 | -33.5% |
| Financial fixed assets | 28 | €713,287 | €1,336,583 | +€623,295 | +87.4% |
| Current assets | 29/58 | €169,539 | €209,576 | +€40,037 | +23.6% |
| Amounts receivable within one year | 40/41 | €16,194 | €58,279 | +€42,085 | +260% |
| Trade receivables | 40 | €16,194 | €2,000 | -€14,194 | -87.6% |
| Other amounts receivable | 41 | - | €56,279 | +€56,279 | |
| Current investments | 50/53 | €55,606 | €55,606 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €97,320 | €95,355 | -€1,965 | -2.0% |
| Deferred charges and accrued income | 490/1 | €419 | €336 | -€84 | -19.9% |
| Total equity and liabilities | 10/49 | €1,109,687 | €1,757,584 | +€647,897 | +58.4% |
| Equity | 10/15 | €859,551 | €778,589 | -€80,962 | -9.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €841,001 | €760,039 | -€80,962 | -9.6% |
| Distributable reserves | 133 | €841,001 | €760,039 | -€80,962 | -9.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €250,135 | €978,994 | +€728,859 | +291% |
| Amounts payable after more than one year | 17 | €80,760 | €628,274 | +€547,514 | +678% |
| Financial debts | 170/4 | €80,760 | €628,274 | +€547,514 | +678% |
| Amounts payable within one year | 42/48 | €166,566 | €337,414 | +€170,847 | +103% |
| Current portion of amounts payable after more than one year | 42 | €74,756 | €148,943 | +€74,187 | +99.2% |
| Trade debts | 44 | €1,548 | €682 | -€866 | -56.0% |
| Suppliers | 440/4 | €1,548 | €682 | -€866 | -56.0% |
| Taxes, remuneration and social security | 45 | €51,493 | €48,595 | -€2,898 | -5.6% |
| Taxes | 450/3 | €51,493 | €48,595 | -€2,898 | -5.6% |
| Other amounts payable | 47/48 | €38,769 | €139,194 | +€100,425 | +259% |
| Accrued charges and deferred income | 492/3 | €2,809 | €13,306 | +€10,497 | +374% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,435 | €15,435 | = | 0.0% |
| Other operating charges | 640/8 | €2,344 | €1,527 | -€817 | -34.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €247,722 | €295,413 | +€47,691 | +19.3% |
| Operating profit (loss) | 9901 | €229,943 | €278,451 | +€48,508 | +21.1% |
| Financial income | 75/76B | €18,636 | €2,541 | -€16,095 | -86.4% |
| Recurring financial income | 75 | €18,636 | €2,541 | -€16,095 | -86.4% |
| Financial charges | 65/66B | €47,658 | €48,900 | +€1,242 | +2.6% |
| Recurring financial charges | 65 | €47,658 | €48,900 | +€1,242 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | €200,921 | €232,092 | +€31,171 | +15.5% |
| Income taxes | 67/77 | €61,796 | €71,357 | +€9,562 | +15.5% |
| Profit (loss) for the period | 9904 | €139,126 | €160,735 | +€21,609 | +15.5% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €139,126 | €160,735 | +€21,609 | +15.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.