VAMOMAT: 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.
VAMOMAT
Largest movements
- Tangible fixed assets -€90,983
down €90,983 (-4.4%), from €2.1m to €2.0m
of which Land and buildings: -€78,708
- Receivables within one year +€43,515
up €43,515 (+95.9%), from €45,386 to €88,901
of which Trade receivables: +€33,680
- Other debts +€335,287
up €335,287 (+946.2%), from €35,435 to €370,722
- Debts after one year -€229,448
down €229,448 (-71.4%), from €321,161 to €91,713
of which Other amounts payable: -€200,000
- Reserves -€93,706
down €93,706 (-84.5%), from €110,954 to €17,248
of which Distributable reserves: -€92,443
- Profit (loss) carried forward -€55,058
new in 2025: -€55,058
- Accrued charges and deferred income +€51,144
up €51,144 (+791.2%), from €6,464 to €57,608
- Gross operating margin -€267,128
down €267,128, from €239,225 to -€27,903
- Financial charges -€9,953
down €9,953 (-38.5%), from €25,824 to €15,872
- Other operating charges -€5,104
down €5,104 (-10.4%), from €49,256 to €44,152
- Financial income +€4,200
up €4,200 (+8400.0%), from €50 to €4,250
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 | €2,125,103 | €2,090,611 | -€34,492 | -1.6% |
| Fixed assets | 21/28 | €2,056,334 | €1,965,351 | -€90,983 | -4.4% |
| Tangible fixed assets | 22/27 | €2,056,334 | €1,965,351 | -€90,983 | -4.4% |
| Land and buildings | 22 | €2,023,404 | €1,944,695 | -€78,708 | -3.9% |
| Plant, machinery and equipment | 23 | €952 | - | -€952 | |
| Leasing and similar rights | 25 | €31,978 | €20,656 | -€11,322 | -35.4% |
| Current assets | 29/58 | €68,769 | €125,260 | +€56,491 | +82.1% |
| Amounts receivable within one year | 40/41 | €45,386 | €88,901 | +€43,515 | +95.9% |
| Trade receivables | 40 | €43,143 | €76,823 | +€33,680 | +78.1% |
| Other amounts receivable | 41 | €2,244 | €12,078 | +€9,835 | +438.4% |
| Cash at bank and in hand | 54/58 | €7,768 | €23,310 | +€15,542 | +200.1% |
| Deferred charges and accrued income | 490/1 | €15,615 | €13,049 | -€2,566 | -16.4% |
| Total equity and liabilities | 10/49 | €2,125,103 | €2,090,611 | -€34,492 | -1.6% |
| Equity | 10/15 | €1,597,547 | €1,399,906 | -€197,641 | -12.4% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Revaluation surpluses | 12 | €1,336,594 | €1,287,717 | -€48,877 | -3.7% |
| Reserves | 13 | €110,954 | €17,248 | -€93,706 | -84.5% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,510 | €2,248 | -€1,263 | -36.0% |
| Distributable reserves | 133 | €92,443 | - | -€92,443 | |
| Profit (loss) carried forward | 14 | - | -€55,058 | -€55,058 | |
| Provisions and deferred taxes | 16 | €1,170 | €749 | -€421 | -36.0% |
| Deferred taxes | 168 | €1,170 | €749 | -€421 | -36.0% |
| Amounts payable | 17/49 | €526,385 | €689,955 | +€163,570 | +31.1% |
| Amounts payable after more than one year | 17 | €321,161 | €91,713 | -€229,448 | -71.4% |
| Financial debts | 170/4 | €121,161 | €91,713 | -€29,448 | -24.3% |
| Other amounts payable | 178/9 | €200,000 | - | -€200,000 | |
| Amounts payable within one year | 42/48 | €198,761 | €540,635 | +€341,874 | +172.0% |
| Current portion of amounts payable after more than one year | 42 | €44,160 | €31,802 | -€12,358 | -28.0% |
| Financial debts | 43 | €3,746 | - | -€3,746 | |
| Credit institutions | 430/8 | €3,746 | - | -€3,746 | |
| Trade debts | 44 | €115,050 | €133,373 | +€18,323 | +15.9% |
| Suppliers | 440/4 | €115,050 | €133,373 | +€18,323 | +15.9% |
| Advances received on contracts in progress | 46 | - | €4,732 | +€4,732 | |
| Taxes, remuneration and social security | 45 | €369 | €5 | -€364 | -98.6% |
| Taxes | 450/3 | €369 | €5 | -€364 | -98.6% |
| Other amounts payable | 47/48 | €35,435 | €370,722 | +€335,287 | +946.2% |
| Accrued charges and deferred income | 492/3 | €6,464 | €57,608 | +€51,144 | +791.2% |
| Non-recurring operating income | 76A | €255,714 | €18,028 | -€237,687 | -93.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €115,676 | €114,385 | -€1,290 | -1.1% |
| Other operating charges | 640/8 | €49,256 | €44,152 | -€5,104 | -10.4% |
| Gross operating margin | 9900 | €239,225 | -€27,903 | -€267,128 | |
| Operating profit (loss) | 9901 | €74,293 | -€186,440 | -€260,733 | |
| Financial income | 75/76B | €50 | €4,250 | +€4,200 | +8400.0% |
| Recurring financial income | 75 | €50 | €4,250 | +€4,200 | +8400.0% |
| Financial charges | 65/66B | €25,824 | €15,872 | -€9,953 | -38.5% |
| Recurring financial charges | 65 | €25,824 | €15,872 | -€9,953 | -38.5% |
| Profit (loss) for the period before taxes | 9903 | €48,519 | -€198,062 | -€246,581 | |
| Transfer from deferred taxes | 780 | €459 | €421 | -€38 | -8.3% |
| Profit (loss) for the period | 9904 | €48,978 | -€197,641 | -€246,619 | |
| Transfer from tax-exempt reserves | 789 | €1,377 | €1,263 | -€115 | -8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €50,355 | -€196,378 | -€246,734 |
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 10 October 2026 via checked.be.