VAMOSS: 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.
What changed
VAMOSS
NACE 68.110, Buying and selling of own real estate
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€120,704
2024 · €395,126-€274,422
Equity
€3.3m
2024 · €3.2m+€120,704
Cash
€45,318
2024 · €26,572+€18,746
Balance sheet total
€6.8m
2024 · €5.2m+€1.6m
Largest movements
Assets
- Tangible fixed assets +€858,858
up €858,858 (+28.9%), from €3.0m to €3.8m
of which Assets under construction and advance payments: +€910,515
- Stocks and contracts +€575,784
up €575,784 (+564%), from €102,128 to €677,912
- Current investments +€151,541
up €151,541 (+19.8%), from €767,207 to €918,748
Equity and liabilities
- Short-term financial debts +€807,273
up €807,273 (+5,737%), from €14,072 to €821,345
- Trade debts +€801,535
up €801,535 (+583%), from €137,577 to €939,111
- Debts after one year -€133,348
down €133,348 (-14.9%), from €895,867 to €762,519
- Reserves +€120,704
up €120,704 (+4.2%), from €2.9m to €3.0m
of which Distributable reserves: +€153,083
Income statement
- Gross operating margin -€441,937
down €441,937 (-59.1%), from €748,260 to €306,322
- Taxes -€150,113
down €150,113 (-90.7%), from €165,421 to €15,308
- Financial income -€10,484
down €10,484 (-22.6%), from €46,437 to €35,953
- Other operating charges +€10,221
up €10,221 (+12.9%), from €78,976 to €89,198
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.
Result 2024
€395,126
Gross operating margin
-€441,937
Depreciation
+€5,660
Other operating charges
-€10,221
Other operating items
+€224
Financial income
-€10,484
Financial charges
-€1,091
Taxes
+€150,113
Deferred taxes and other
+€33,315
Result 2025
€120,704
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€434,726
Investment
-€1.1m
Financing
+€688,749
Cash 2024
€26,572
From operations (derived)
+€434,726
Net result for the year
+€120,704
Depreciation
+€94,330
Stocks and contracts
-€575,784
Receivables within one year
-€14,348
Deferred charges and accrued income
-€6,967
Provisions
-€10,793
Trade debts
+€801,535
Tax, wage and social debts
-€2,190
Other debts
-€17,278
Accrued charges and deferred income
+€45,517
Investment (derived)
-€1.1m
Investment in fixed assets (net)
-€953,188
Current investments
-€151,541
Financing
+€688,749
Debts after one year
-€133,348
Current portion of long-term debt
+€14,824
Short-term financial debts
+€807,273
Cash 2025
€45,318
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,163,129 | €6,789,372 | +€1.6m | +31.5% |
| Fixed assets | 21/28 | €3,245,402 | €4,104,260 | +€858,858 | +26.5% |
| Tangible fixed assets | 22/27 | €2,975,325 | €3,834,182 | +€858,858 | +28.9% |
| Land and buildings | 22 | €2,975,325 | €2,923,668 | -€51,657 | -1.7% |
| Assets under construction and advance payments | 27 | - | €910,515 | +€910,515 | |
| Financial fixed assets | 28 | €270,077 | €270,077 | = | 0.0% |
| Current assets | 29/58 | €1,917,726 | €2,685,113 | +€767,386 | +40.0% |
| Amounts receivable after more than one year | 29 | €900,000 | €900,000 | = | 0.0% |
| Other amounts receivable | 291 | €900,000 | €900,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €102,128 | €677,912 | +€575,784 | +564% |
| Stocks | 30/36 | €102,128 | €677,912 | +€575,784 | +564% |
| Amounts receivable within one year | 40/41 | €119,286 | €133,634 | +€14,348 | +12.0% |
| Trade receivables | 40 | €70,974 | €116,424 | +€45,450 | +64.0% |
| Other amounts receivable | 41 | €48,312 | €17,211 | -€31,102 | -64.4% |
| Current investments | 50/53 | €767,207 | €918,748 | +€151,541 | +19.8% |
| Cash at bank and in hand | 54/58 | €26,572 | €45,318 | +€18,746 | +70.5% |
| Deferred charges and accrued income | 490/1 | €2,533 | €9,500 | +€6,967 | +275% |
| Total equity and liabilities | 10/49 | €5,163,129 | €6,789,372 | +€1.6m | +31.5% |
| Equity | 10/15 | €3,201,632 | €3,322,336 | +€120,704 | +3.8% |
| Contributions | 10/11 | €247,894 | €247,894 | = | 0.0% |
| Capital | 10 | €247,894 | €247,894 | = | 0.0% |
| Issued capital | 100 | €247,894 | €247,894 | = | 0.0% |
| Revaluation surpluses | 12 | €54,808 | €54,808 | = | 0.0% |
| Reserves | 13 | €2,898,930 | €3,019,634 | +€120,704 | +4.2% |
| Non-distributable reserves | 130/1 | €24,789 | €24,789 | = | 0.0% |
| Legal reserve | 130 | €24,789 | €24,789 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,714,707 | €1,682,328 | -€32,379 | -1.9% |
| Distributable reserves | 133 | €1,159,434 | €1,312,516 | +€153,083 | +13.2% |
| Provisions and deferred taxes | 16 | €571,569 | €560,776 | -€10,793 | -1.9% |
| Deferred taxes | 168 | €571,569 | €560,776 | -€10,793 | -1.9% |
| Amounts payable | 17/49 | €1,389,928 | €2,906,261 | +€1.5m | +109% |
| Amounts payable after more than one year | 17 | €895,867 | €762,519 | -€133,348 | -14.9% |
| Financial debts | 170/4 | €895,867 | €762,519 | -€133,348 | -14.9% |
| Amounts payable within one year | 42/48 | €371,604 | €1,975,768 | +€1.6m | +432% |
| Current portion of amounts payable after more than one year | 42 | €155,652 | €170,476 | +€14,824 | +9.5% |
| Financial debts | 43 | €14,072 | €821,345 | +€807,273 | +5,737% |
| Credit institutions | 430/8 | €14,072 | €821,345 | +€807,273 | +5,737% |
| Trade debts | 44 | €137,577 | €939,111 | +€801,535 | +583% |
| Suppliers | 440/4 | €137,577 | €939,111 | +€801,535 | +583% |
| Taxes, remuneration and social security | 45 | €30,295 | €28,105 | -€2,190 | -7.2% |
| Taxes | 450/3 | €30,295 | €28,105 | -€2,190 | -7.2% |
| Other amounts payable | 47/48 | €34,008 | €16,730 | -€17,278 | -50.8% |
| Accrued charges and deferred income | 492/3 | €122,457 | €167,974 | +€45,517 | +37.2% |
| Non-recurring operating income | 76A | €132,900 | €1,000 | -€131,900 | -99.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99,990 | €94,330 | -€5,660 | -5.7% |
| Other operating charges | 640/8 | €78,976 | €89,198 | +€10,221 | +12.9% |
| Non-recurring operating charges | 66A | €224 | - | -€224 | |
| Gross operating margin | 9900 | €748,260 | €306,322 | -€441,937 | -59.1% |
| Operating profit (loss) | 9901 | €569,069 | €122,795 | -€446,275 | -78.4% |
| Financial income | 75/76B | €46,437 | €35,953 | -€10,484 | -22.6% |
| Recurring financial income | 75 | €46,437 | €35,953 | -€10,484 | -22.6% |
| Financial charges | 65/66B | €32,438 | €33,529 | +€1,091 | +3.4% |
| Recurring financial charges | 65 | €32,438 | €33,529 | +€1,091 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €583,069 | €125,219 | -€457,850 | -78.5% |
| Transfer from deferred taxes | 780 | €10,498 | €10,793 | +€295 | +2.8% |
| Transfer to deferred taxes | 680 | €33,020 | - | -€33,020 | |
| Income taxes | 67/77 | €165,421 | €15,308 | -€150,113 | -90.7% |
| Profit (loss) for the period | 9904 | €395,126 | €120,704 | -€274,422 | -69.5% |
| Transfer from tax-exempt reserves | 789 | €31,495 | €32,379 | +€884 | +2.8% |
| Transfer to tax-exempt reserves | 689 | €99,060 | - | -€99,060 | |
| Profit (loss) for the period to be appropriated | 9905 | €327,560 | €153,083 | -€174,478 | -53.3% |
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 16 October 2026 via checked.be.