VaMoNa: 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.
VaMoNa
Largest movements
- Cash +€43,490
up €43,490 (+272%), from €15,976 to €59,466
mainly Net result for the year (+€40,202) and Trade debts (+€28,499)
- Receivables within one year +€12,760
up €12,760 (+18.9%), from €67,632 to €80,392
of which Other amounts receivable: +€19,010
- Tangible fixed assets -€7,170
down €7,170 (-37.2%), from €19,286 to €12,115
of which Furniture and vehicles: -€6,508
- Reserves +€38,536
up €38,536 (+67.8%), from €56,802 to €95,338
- Trade debts +€28,499
up €28,499 (+9,501%), from €300 to €28,799
- Tax, wage and social debts -€12,269
down €12,269 (-43.3%), from €28,306 to €16,037
- Debts after one year -€5,155
down €5,155 (-53.5%), from €9,645 to €4,489
- Gross operating margin -€28,896
down €28,896 (-29.2%), from €99,067 to €70,171
- Taxes -€8,766
down €8,766 (-31.9%), from €27,479 to €18,713
- Financial income -€2,490
no longer reported in 2025 (was €2,490)
- Staff costs -€1,744
down €1,744 (-35.0%), from €4,976 to €3,232
- Depreciation -€1,564
down €1,564 (-17.9%), from €8,734 to €7,170
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 | €105,132 | €154,985 | +€49,852 | +47.4% |
| Fixed assets | 21/28 | €19,286 | €12,115 | -€7,170 | -37.2% |
| Tangible fixed assets | 22/27 | €19,286 | €12,115 | -€7,170 | -37.2% |
| Plant, machinery and equipment | 23 | €1,526 | €864 | -€662 | -43.4% |
| Furniture and vehicles | 24 | €17,760 | €11,251 | -€6,508 | -36.6% |
| Current assets | 29/58 | €85,847 | €142,870 | +€57,023 | +66.4% |
| Amounts receivable within one year | 40/41 | €67,632 | €80,392 | +€12,760 | +18.9% |
| Trade receivables | 40 | €6,751 | €501 | -€6,250 | -92.6% |
| Other amounts receivable | 41 | €60,881 | €79,891 | +€19,010 | +31.2% |
| Cash at bank and in hand | 54/58 | €15,976 | €59,466 | +€43,490 | +272% |
| Deferred charges and accrued income | 490/1 | €2,239 | €3,012 | +€772 | +34.5% |
| Total equity and liabilities | 10/49 | €105,132 | €154,985 | +€49,852 | +47.4% |
| Equity | 10/15 | €60,302 | €98,838 | +€38,536 | +63.9% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €56,802 | €95,338 | +€38,536 | +67.8% |
| Distributable reserves | 133 | €56,802 | €95,338 | +€38,536 | +67.8% |
| Amounts payable | 17/49 | €44,831 | €56,147 | +€11,316 | +25.2% |
| Amounts payable after more than one year | 17 | €9,645 | €4,489 | -€5,155 | -53.5% |
| Other amounts payable | 178/9 | €9,645 | €4,489 | -€5,155 | -53.5% |
| Amounts payable within one year | 42/48 | €35,186 | €51,658 | +€16,472 | +46.8% |
| Current portion of amounts payable after more than one year | 42 | €4,914 | €5,155 | +€242 | +4.9% |
| Trade debts | 44 | €300 | €28,799 | +€28,499 | +9,501% |
| Suppliers | 440/4 | €300 | €28,799 | +€28,499 | +9,501% |
| Taxes, remuneration and social security | 45 | €28,306 | €16,037 | -€12,269 | -43.3% |
| Taxes | 450/3 | €28,306 | €16,037 | -€12,269 | -43.3% |
| Other amounts payable | 47/48 | €1,666 | €1,666 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €4,976 | €3,232 | -€1,744 | -35.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,734 | €7,170 | -€1,564 | -17.9% |
| Other operating charges | 640/8 | €706 | €47 | -€660 | -93.4% |
| Gross operating margin | 9900 | €99,067 | €70,171 | -€28,896 | -29.2% |
| Operating profit (loss) | 9901 | €84,651 | €59,722 | -€24,929 | -29.4% |
| Financial income | 75/76B | €2,490 | - | -€2,490 | |
| Recurring financial income | 75 | €2,490 | - | -€2,490 | |
| Financial charges | 65/66B | €1,194 | €807 | -€388 | -32.5% |
| Recurring financial charges | 65 | €1,194 | €807 | -€388 | -32.5% |
| Profit (loss) for the period before taxes | 9903 | €85,946 | €58,915 | -€27,031 | -31.5% |
| Income taxes | 67/77 | €27,479 | €18,713 | -€8,766 | -31.9% |
| Profit (loss) for the period | 9904 | €58,468 | €40,202 | -€18,265 | -31.2% |
| Profit (loss) for the period to be appropriated | 9905 | €58,468 | €40,202 | -€18,265 | -31.2% |
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 17 October 2026 via checked.be.