VAPROMA: what changed
Two fiscal 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.
VAPROMA
Largest movements
- Tangible fixed assets +€4,237
new in 2025: €4,237
of which Plant, machinery and equipment: +€3,484
- Reserves +€46,678
up €46,678 (+47.1%), from €99,003 to €145,681
- Debts after one year -€34,578
down €34,578 (-14.5%), from €237,824 to €203,246
- Current portion of long-term debt -€6,863
down €6,863 (-14.5%), from €47,176 to €40,313
- Financial income -€48,222
down €48,222 (-71.4%), from €67,500 to €19,278
- Taxes -€7,746
down €7,746 (-30.1%), from €25,744 to €17,998
- Financial charges +€7,107
up €7,107 (+182.9%), from €3,885 to €10,992
- Gross operating margin -€6,144
down €6,144 (-9.6%), from €63,895 to €57,751
- Other operating charges -€1,917
down €1,917 (-69.4%), from €2,762 to €846
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 | €395,140 | €400,647 | +€5,507 | +1.4% |
| Fixed assets | 21/28 | €364,140 | €368,377 | +€4,237 | +1.2% |
| Tangible fixed assets | 22/27 | - | €4,237 | +€4,237 | |
| Plant, machinery and equipment | 23 | - | €3,484 | +€3,484 | |
| Furniture and vehicles | 24 | - | €754 | +€754 | |
| Financial fixed assets | 28 | €364,140 | €364,140 | = | 0.0% |
| Current assets | 29/58 | €31,000 | €32,270 | +€1,270 | +4.1% |
| Amounts receivable within one year | 40/41 | €7,315 | €9,908 | +€2,593 | +35.4% |
| Trade receivables | 40 | €7,315 | €7,129 | -€186 | -2.5% |
| Other amounts receivable | 41 | - | €2,779 | +€2,779 | |
| Cash at bank and in hand | 54/58 | €23,380 | €21,154 | -€2,226 | -9.5% |
| Deferred charges and accrued income | 490/1 | €305 | €1,208 | +€903 | +295.9% |
| Total equity and liabilities | 10/49 | €395,140 | €400,647 | +€5,507 | +1.4% |
| Equity | 10/15 | €100,253 | €146,931 | +€46,678 | +46.6% |
| Contributions | 10/11 | €1,250 | €1,250 | = | 0.0% |
| Reserves | 13 | €99,003 | €145,681 | +€46,678 | +47.1% |
| Distributable reserves | 133 | €99,003 | €145,681 | +€46,678 | +47.1% |
| Amounts payable | 17/49 | €294,887 | €253,716 | -€41,171 | -14.0% |
| Amounts payable after more than one year | 17 | €237,824 | €203,246 | -€34,578 | -14.5% |
| Financial debts | 170/4 | €237,824 | €203,246 | -€34,578 | -14.5% |
| Amounts payable within one year | 42/48 | €54,298 | €47,037 | -€7,261 | -13.4% |
| Current portion of amounts payable after more than one year | 42 | €47,176 | €40,313 | -€6,863 | -14.5% |
| Trade debts | 44 | €1,171 | €3,317 | +€2,147 | +183.4% |
| Suppliers | 440/4 | €1,171 | €3,317 | +€2,147 | +183.4% |
| Taxes, remuneration and social security | 45 | €3,233 | €1,429 | -€1,804 | -55.8% |
| Taxes | 450/3 | €3,233 | €1,429 | -€1,804 | -55.8% |
| Other amounts payable | 47/48 | €2,719 | €1,979 | -€740 | -27.2% |
| Accrued charges and deferred income | 492/3 | €2,764 | €3,432 | +€668 | +24.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €515 | +€515 | |
| Other operating charges | 640/8 | €2,762 | €846 | -€1,917 | -69.4% |
| Gross operating margin | 9900 | €63,895 | €57,751 | -€6,144 | -9.6% |
| Operating profit (loss) | 9901 | €61,132 | €56,390 | -€4,742 | -7.8% |
| Financial income | 75/76B | €67,500 | €19,278 | -€48,222 | -71.4% |
| Recurring financial income | 75 | €67,500 | €19,278 | -€48,222 | -71.4% |
| Financial charges | 65/66B | €3,885 | €10,992 | +€7,107 | +182.9% |
| Recurring financial charges | 65 | €3,885 | €10,992 | +€7,107 | +182.9% |
| Profit (loss) for the period before taxes | 9903 | €124,747 | €64,676 | -€60,071 | -48.2% |
| Income taxes | 67/77 | €25,744 | €17,998 | -€7,746 | -30.1% |
| Profit (loss) for the period | 9904 | €99,003 | €46,678 | -€52,325 | -52.9% |
| Profit (loss) for the period to be appropriated | 9905 | €99,003 | €46,678 | -€52,325 | -52.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.