VAMUKO: 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.
VAMUKO
Largest movements
- Receivables within one year +€7,079
up €7,079 (+1,712%), from €414 to €7,493
of which Trade receivables: +€7,313
- Cash -€5,596
down €5,596 (-46.2%), from €12,106 to €6,510
mainly Receivables within one year (-€7,079) and Investment in fixed assets (net) (-€3,116)
- Contributions -€5,304
down €5,304 (-1.9%), from €274,404 to €269,100
- Reserves +€5,304
up €5,304 (+17.4%), from €30,424 to €35,728
of which Non-distributable reserves: +€5,304
- Gross operating margin +€4,742
up €4,742 (+585%), from €811 to €5,553
- Depreciation +€209
up €209 (+5.0%), from €4,177 to €4,386
- Other operating charges +€75
up €75 (+10.7%), from €701 to €776
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 | €251,262 | €249,198 | -€2,065 | -0.8% |
| Fixed assets | 21/28 | €236,465 | €235,194 | -€1,271 | -0.5% |
| Tangible fixed assets | 22/27 | €236,465 | €235,194 | -€1,271 | -0.5% |
| Land and buildings | 22 | €230,385 | €232,410 | +€2,025 | +0.9% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | €6,080 | €2,784 | -€3,296 | -54.2% |
| Current assets | 29/58 | €14,797 | €14,003 | -€794 | -5.4% |
| Stocks and contracts in progress | 3 | €2,278 | €0 | -€2,278 | -100% |
| Stocks | 30/36 | €2,278 | €0 | -€2,278 | -100% |
| Amounts receivable within one year | 40/41 | €414 | €7,493 | +€7,079 | +1,712% |
| Trade receivables | 40 | €180 | €7,493 | +€7,313 | +4,063% |
| Other amounts receivable | 41 | €234 | €0 | -€234 | -100% |
| Cash at bank and in hand | 54/58 | €12,106 | €6,510 | -€5,596 | -46.2% |
| Total equity and liabilities | 10/49 | €251,262 | €249,198 | -€2,065 | -0.8% |
| Equity | 10/15 | €247,053 | €247,390 | +€337 | +0.1% |
| Contributions | 10/11 | €274,404 | €269,100 | -€5,304 | -1.9% |
| Reserves | 13 | €30,424 | €35,728 | +€5,304 | +17.4% |
| Non-distributable reserves | 130/1 | - | €5,304 | +€5,304 | |
| Reserves not available under the articles | 1311 | - | €5,304 | +€5,304 | |
| Distributable reserves | 133 | €30,424 | €30,424 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€57,776 | -€57,439 | +€337 | +0.6% |
| Amounts payable | 17/49 | €4,210 | €1,808 | -€2,402 | -57.1% |
| Amounts payable after more than one year | 17 | €627 | €619 | -€8 | -1.3% |
| Financial debts | 170/4 | €627 | - | -€627 | |
| Other amounts payable | 178/9 | - | €619 | +€619 | |
| Amounts payable within one year | 42/48 | €3,583 | €1,189 | -€2,394 | -66.8% |
| Trade debts | 44 | €279 | €0 | -€279 | -100% |
| Suppliers | 440/4 | €279 | €0 | -€279 | -100% |
| Taxes, remuneration and social security | 45 | €3,303 | €1,189 | -€2,114 | -64.0% |
| Taxes | 450/3 | €609 | €1,189 | +€580 | +95.1% |
| Remuneration and social security | 454/9 | €2,694 | - | -€2,694 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,177 | €4,386 | +€209 | +5.0% |
| Other operating charges | 640/8 | €701 | €776 | +€75 | +10.7% |
| Gross operating margin | 9900 | €811 | €5,553 | +€4,742 | +585% |
| Operating profit (loss) | 9901 | -€4,067 | €391 | +€4,458 | |
| Financial charges | 65/66B | €53 | €54 | +€1 | +2.2% |
| Recurring financial charges | 65 | €53 | €54 | +€1 | +2.2% |
| Profit (loss) for the period before taxes | 9903 | -€4,120 | €337 | +€4,457 | |
| Profit (loss) for the period | 9904 | -€4,120 | €337 | +€4,457 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,120 | €337 | +€4,457 |
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 31 October 2026 via checked.be.