VAMUTEX: 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.
VAMUTEX
Largest movements
- Tangible fixed assets +€54,327
up €54,327 (+238.1%), from €22,819 to €77,146
of which Furniture and vehicles: +€53,729
- Receivables within one year -€6,225
down €6,225 (-4.9%), from €127,382 to €121,156
of which Trade receivables: -€15,350
- Stocks and contracts -€4,862
down €4,862 (-8.8%), from €55,042 to €50,180
- Debts after one year +€35,767
up €35,767 (+434.0%), from €8,240 to €44,007
- Reserves +€9,595
up €9,595 (+6.4%), from €149,058 to €158,652
of which Distributable reserves: +€9,595
- Trade debts -€8,479
down €8,479 (-98.5%), from €8,609 to €130
- Current portion of long-term debt +€7,102
up €7,102 (+177.6%), from €3,998 to €11,100
- Depreciation +€6,960
up €6,960 (+271.0%), from €2,568 to €9,528
- Gross operating margin -€1,883
down €1,883 (-6.0%), from €31,333 to €29,450
- Taxes +€777
up €777 (+20.7%), from €3,757 to €4,534
- Other operating charges -€731
down €731 (-16.4%), from €4,466 to €3,735
- Write-downs -€600
no longer reported in 2025 (was €600)
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 | €207,322 | €251,883 | +€44,561 | +21.5% |
| Fixed assets | 21/28 | €23,131 | €77,458 | +€54,327 | +234.9% |
| Tangible fixed assets | 22/27 | €22,819 | €77,146 | +€54,327 | +238.1% |
| Land and buildings | 22 | €22,013 | €22,709 | +€695 | +3.2% |
| Plant, machinery and equipment | 23 | €806 | €709 | -€97 | -12.1% |
| Furniture and vehicles | 24 | - | €53,729 | +€53,729 | |
| Financial fixed assets | 28 | €312 | €312 | = | 0.0% |
| Current assets | 29/58 | €184,192 | €174,425 | -€9,766 | -5.3% |
| Stocks and contracts in progress | 3 | €55,042 | €50,180 | -€4,862 | -8.8% |
| Stocks | 30/36 | €55,042 | €50,180 | -€4,862 | -8.8% |
| Amounts receivable within one year | 40/41 | €127,382 | €121,156 | -€6,225 | -4.9% |
| Trade receivables | 40 | €22,945 | €7,594 | -€15,350 | -66.9% |
| Other amounts receivable | 41 | €104,437 | €113,562 | +€9,125 | +8.7% |
| Cash at bank and in hand | 54/58 | €1,768 | €3,088 | +€1,321 | +74.7% |
| Total equity and liabilities | 10/49 | €207,322 | €251,883 | +€44,561 | +21.5% |
| Equity | 10/15 | €174,058 | €183,652 | +€9,595 | +5.5% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €149,058 | €158,652 | +€9,595 | +6.4% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €146,558 | €156,152 | +€9,595 | +6.5% |
| Amounts payable | 17/49 | €33,265 | €68,231 | +€34,966 | +105.1% |
| Amounts payable after more than one year | 17 | €8,240 | €44,007 | +€35,767 | +434.0% |
| Financial debts | 170/4 | €8,240 | €44,007 | +€35,767 | +434.0% |
| Amounts payable within one year | 42/48 | €25,024 | €24,224 | -€801 | -3.2% |
| Current portion of amounts payable after more than one year | 42 | €3,998 | €11,100 | +€7,102 | +177.6% |
| Financial debts | 43 | €3,414 | €3,123 | -€291 | -8.5% |
| Credit institutions | 430/8 | €3,414 | €3,123 | -€291 | -8.5% |
| Trade debts | 44 | €8,609 | €130 | -€8,479 | -98.5% |
| Suppliers | 440/4 | €8,609 | €130 | -€8,479 | -98.5% |
| Taxes, remuneration and social security | 45 | €4,004 | €4,871 | +€867 | +21.7% |
| Taxes | 450/3 | €4,004 | €4,871 | +€867 | +21.7% |
| Other amounts payable | 47/48 | €5,000 | €5,000 | = | 0.0% |
| Non-recurring operating income | 76A | - | €8,700 | +€8,700 | |
| Remuneration, social security and pensions | 62 | €223 | - | -€223 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,568 | €9,528 | +€6,960 | +271.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €600 | - | -€600 | |
| Other operating charges | 640/8 | €4,466 | €3,735 | -€731 | -16.4% |
| Gross operating margin | 9900 | €31,333 | €29,450 | -€1,883 | -6.0% |
| Operating profit (loss) | 9901 | €23,476 | €16,187 | -€7,289 | -31.0% |
| Financial income | 75/76B | €4 | - | -€4 | |
| Recurring financial income | 75 | €4 | - | -€4 | |
| Financial charges | 65/66B | €1,607 | €2,059 | +€452 | +28.1% |
| Recurring financial charges | 65 | €1,607 | €2,059 | +€452 | +28.1% |
| Profit (loss) for the period before taxes | 9903 | €21,873 | €14,128 | -€7,745 | -35.4% |
| Income taxes | 67/77 | €3,757 | €4,534 | +€777 | +20.7% |
| Profit (loss) for the period | 9904 | €18,116 | €9,595 | -€8,522 | -47.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,116 | €9,595 | -€8,522 | -47.0% |
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 9 October 2026 via checked.be.