Vavomat: 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.
Vavomat
Largest movements
- Financial fixed assets +€1.3m
new in 2025: €1.3m
- Cash -€273,992
down €273,992 (-55.7%), from €492,324 to €218,332
mainly Investment in fixed assets (net) (-€1.3m) and Contributions, distributions and other (-€210,000)
- Receivables within one year -€123,953
no longer reported in 2025 (was €123,953)
of which Trade receivables: -€123,329
- Debts after one year +€839,443
new in 2025: €839,443
- Current portion of long-term debt +€140,523
new in 2025: €140,523
- Reserves -€61,132
down €61,132 (-12.7%), from €481,306 to €420,174
- Tax, wage and social debts -€46,941
down €46,941 (-36.2%), from €129,781 to €82,840
- Trade debts +€30,788
up €30,788 (+2307.0%), from €1,335 to €32,122
- Gross operating margin -€32,619
down €32,619 (-12.2%), from €267,951 to €235,332
- Financial charges +€20,718
up €20,718 (+1758.9%), from €1,178 to €21,895
- Taxes -€4,701
down €4,701 (-7.4%), from €63,540 to €58,838
- Financial income +€2,817
up €2,817 (+184.6%), from €1,527 to €4,344
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 | €628,916 | €1,533,271 | +€904,355 | +143.8% |
| Fixed assets | 21/28 | €12,509 | €1,311,938 | +€1.3m | +10387.5% |
| Tangible fixed assets | 22/27 | €12,509 | €10,788 | -€1,721 | -13.8% |
| Furniture and vehicles | 24 | €12,509 | €10,788 | -€1,721 | -13.8% |
| Financial fixed assets | 28 | - | €1,301,150 | +€1.3m | |
| Current assets | 29/58 | €616,407 | €221,333 | -€395,074 | -64.1% |
| Amounts receivable within one year | 40/41 | €123,953 | - | -€123,953 | |
| Trade receivables | 40 | €123,329 | - | -€123,329 | |
| Other amounts receivable | 41 | €624 | - | -€624 | |
| Cash at bank and in hand | 54/58 | €492,324 | €218,332 | -€273,992 | -55.7% |
| Deferred charges and accrued income | 490/1 | €130 | €3,001 | +€2,871 | +2207.2% |
| Total equity and liabilities | 10/49 | €628,916 | €1,533,271 | +€904,355 | +143.8% |
| Equity | 10/15 | €496,306 | €435,174 | -€61,132 | -12.3% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €481,306 | €420,174 | -€61,132 | -12.7% |
| Distributable reserves | 133 | €481,306 | €420,174 | -€61,132 | -12.7% |
| Amounts payable | 17/49 | €132,610 | €1,098,096 | +€965,486 | +728.1% |
| Amounts payable after more than one year | 17 | - | €839,443 | +€839,443 | |
| Financial debts | 170/4 | - | €839,443 | +€839,443 | |
| Amounts payable within one year | 42/48 | €131,115 | €257,330 | +€126,214 | +96.3% |
| Current portion of amounts payable after more than one year | 42 | - | €140,523 | +€140,523 | |
| Trade debts | 44 | €1,335 | €32,122 | +€30,788 | +2307.0% |
| Suppliers | 440/4 | €1,335 | €32,122 | +€30,788 | +2307.0% |
| Taxes, remuneration and social security | 45 | €129,781 | €82,840 | -€46,941 | -36.2% |
| Taxes | 450/3 | €129,781 | €82,840 | -€46,941 | -36.2% |
| Other amounts payable | 47/48 | - | €1,845 | +€1,845 | |
| Accrued charges and deferred income | 492/3 | €1,495 | €1,324 | -€171 | -11.4% |
| Remuneration, social security and pensions | 62 | €1,575 | €1,575 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,211 | €4,226 | +€1,016 | +31.6% |
| Other operating charges | 640/8 | €659 | €880 | +€221 | +33.5% |
| Non-recurring operating charges | 66A | - | €3,392 | +€3,392 | |
| Gross operating margin | 9900 | €267,951 | €235,332 | -€32,619 | -12.2% |
| Operating profit (loss) | 9901 | €262,505 | €225,259 | -€37,247 | -14.2% |
| Financial income | 75/76B | €1,527 | €4,344 | +€2,817 | +184.6% |
| Recurring financial income | 75 | €1,527 | €4,344 | +€2,817 | +184.6% |
| Financial charges | 65/66B | €1,178 | €21,895 | +€20,718 | +1758.9% |
| Recurring financial charges | 65 | €1,178 | €21,895 | +€20,718 | +1758.9% |
| Profit (loss) for the period before taxes | 9903 | €262,854 | €207,707 | -€55,147 | -21.0% |
| Income taxes | 67/77 | €63,540 | €58,838 | -€4,701 | -7.4% |
| Profit (loss) for the period | 9904 | €199,314 | €148,868 | -€50,446 | -25.3% |
| Profit (loss) for the period to be appropriated | 9905 | €199,314 | €148,868 | -€50,446 | -25.3% |
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 10 October 2026 via checked.be.