VAMOMA: 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.
VAMOMA
Largest movements
- Tangible fixed assets -€41,598
down €41,598 (-31.6%), from €131,496 to €89,898
of which Plant, machinery and equipment: -€27,289
- Cash -€41,277
down €41,277 (-26.4%), from €156,146 to €114,869
mainly Net result for the year (-€87,175) and Stocks and contracts (-€14,905)
- Stocks and contracts +€14,905
up €14,905 (+161%), from €9,258 to €24,163
- Receivables within one year -€5,709
down €5,709 (-8.7%), from €65,609 to €59,900
of which Trade receivables: -€11,822
- Profit (loss) carried forward -€87,175
down €87,175 (-331%), from -€26,318 to -€113,493
- Current portion of long-term debt -€13,243
down €13,243 (-32.1%), from €41,207 to €27,964
- Other debts +€12,451
new in 2025: €12,451
- Trade debts +€10,787
up €10,787 (+8.4%), from €128,101 to €138,888
- Advances received +€8,449
new in 2025: €8,449
- Gross operating margin -€104,635
down €104,635 (-49.9%), from €209,498 to €104,863
- Financial charges -€8,862
down €8,862 (-45.4%), from €19,525 to €10,663
- Other operating charges -€3,510
down €3,510 (-53.2%), from €6,594 to €3,084
- Depreciation -€3,280
down €3,280 (-6.0%), from €54,979 to €51,699
- Taxes -€2,819
down €2,819 (-87.5%), from €3,221 to €402
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 | €367,232 | €294,154 | -€73,078 | -19.9% |
| Fixed assets | 21/28 | €131,796 | €90,198 | -€41,598 | -31.6% |
| Tangible fixed assets | 22/27 | €131,496 | €89,898 | -€41,598 | -31.6% |
| Land and buildings | 22 | €33,239 | €16,620 | -€16,620 | -50.0% |
| Plant, machinery and equipment | 23 | €94,560 | €67,272 | -€27,289 | -28.9% |
| Furniture and vehicles | 24 | - | €6,007 | +€6,007 | |
| Leasing and similar rights | 25 | €3,696 | - | -€3,696 | |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €235,436 | €203,956 | -€31,481 | -13.4% |
| Stocks and contracts in progress | 3 | €9,258 | €24,163 | +€14,905 | +161% |
| Stocks | 30/36 | €9,258 | €24,163 | +€14,905 | +161% |
| Amounts receivable within one year | 40/41 | €65,609 | €59,900 | -€5,709 | -8.7% |
| Trade receivables | 40 | €42,498 | €30,676 | -€11,822 | -27.8% |
| Other amounts receivable | 41 | €23,111 | €29,223 | +€6,113 | +26.4% |
| Cash at bank and in hand | 54/58 | €156,146 | €114,869 | -€41,277 | -26.4% |
| Deferred charges and accrued income | 490/1 | €4,423 | €5,024 | +€601 | +13.6% |
| Total equity and liabilities | 10/49 | €367,232 | €294,154 | -€73,078 | -19.9% |
| Equity | 10/15 | €88,682 | €1,507 | -€87,175 | -98.3% |
| Contributions | 10/11 | €115,000 | €115,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,318 | -€113,493 | -€87,175 | -331% |
| Amounts payable | 17/49 | €278,550 | €292,646 | +€14,096 | +5.1% |
| Amounts payable after more than one year | 17 | €59,449 | €56,375 | -€3,074 | -5.2% |
| Financial debts | 170/4 | €59,449 | €6,375 | -€53,074 | -89.3% |
| Other amounts payable | 178/9 | - | €50,000 | +€50,000 | |
| Amounts payable within one year | 42/48 | €218,791 | €236,271 | +€17,480 | +8.0% |
| Current portion of amounts payable after more than one year | 42 | €41,207 | €27,964 | -€13,243 | -32.1% |
| Trade debts | 44 | €128,101 | €138,888 | +€10,787 | +8.4% |
| Suppliers | 440/4 | €128,101 | €138,888 | +€10,787 | +8.4% |
| Advances received on contracts in progress | 46 | - | €8,449 | +€8,449 | |
| Taxes, remuneration and social security | 45 | €49,483 | €48,519 | -€963 | -1.9% |
| Taxes | 450/3 | €21,018 | €5,241 | -€15,777 | -75.1% |
| Remuneration and social security | 454/9 | €28,464 | €43,278 | +€14,814 | +52.0% |
| Other amounts payable | 47/48 | - | €12,451 | +€12,451 | |
| Accrued charges and deferred income | 492/3 | €310 | - | -€310 | |
| Remuneration, social security and pensions | 62 | €124,716 | €126,248 | +€1,533 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,979 | €51,699 | -€3,280 | -6.0% |
| Other operating charges | 640/8 | €6,594 | €3,084 | -€3,510 | -53.2% |
| Operating charges capitalised as restructuring costs | 649 | -€40 | - | +€40 | |
| Gross operating margin | 9900 | €209,498 | €104,863 | -€104,635 | -49.9% |
| Operating profit (loss) | 9901 | €23,250 | -€76,168 | -€99,418 | |
| Financial income | 75/76B | €121 | €59 | -€62 | -51.4% |
| Recurring financial income | 75 | €121 | €59 | -€62 | -51.4% |
| Financial charges | 65/66B | €19,525 | €10,663 | -€8,862 | -45.4% |
| Recurring financial charges | 65 | €19,525 | €10,663 | -€8,862 | -45.4% |
| Profit (loss) for the period before taxes | 9903 | €3,845 | -€86,773 | -€90,618 | |
| Income taxes | 67/77 | €3,221 | €402 | -€2,819 | -87.5% |
| Profit (loss) for the period | 9904 | €624 | -€87,175 | -€87,798 | |
| Profit (loss) for the period to be appropriated | 9905 | €624 | -€87,175 | -€87,798 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.