VAXIMMO: 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.
What changed
VAXIMMO
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€80,875
2024 · -€67,706-€13,169
Equity
€303,485
2024 · €384,360-€80,875
Cash
€31,837
2024 · €16,290+€15,547
Balance sheet total
€2.1m
2024 · €2.2m-€84,132
Largest movements
Assets
- Tangible fixed assets -€158,977
down €158,977 (-8.0%), from €2.0m to €1.8m
of which Land and buildings: -€161,850
- Current investments +€55,171
up €55,171 (+24.5%), from €225,124 to €280,295
Equity and liabilities
- Profit (loss) carried forward -€80,875
down €80,875 (-19.6%), from -€412,805 to -€493,681
Income statement
- Gross operating margin -€14,637
down €14,637 (-13.4%), from €108,870 to €94,232
- Financial income +€1,307
up €1,307 (+385.7%), from €339 to €1,646
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
-€67,706
Gross operating margin
-€14,637
Staff costs
-€163
Depreciation
+€51
Other operating charges
-€538
Other operating items
+€867
Financial income
+€1,307
Financial charges
-€56
Result 2025
-€80,875
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.
From operations
+€73,953
Investment
-€58,406
Financing
€0
Cash 2024
€16,290
From operations (derived)
+€73,953
Net result for the year
-€80,875
Depreciation
+€162,212
Smaller working-capital items
+€79
Deferred charges and accrued income
-€4,072
Other debts
-€2,517
Accrued charges and deferred income
-€874
Investment (derived)
-€58,406
Investment in fixed assets (net)
-€3,235
Current investments
-€55,171
Cash 2025
€31,837
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,219,056 | €2,134,924 | -€84,132 | -3.8% |
| Fixed assets | 21/28 | €1,975,414 | €1,816,437 | -€158,977 | -8.0% |
| Tangible fixed assets | 22/27 | €1,975,414 | €1,816,437 | -€158,977 | -8.0% |
| Land and buildings | 22 | €1,975,414 | €1,813,563 | -€161,850 | -8.2% |
| Furniture and vehicles | 24 | €0 | €2,076 | +€2,076 | |
| Other tangible fixed assets | 26 | - | €798 | +€798 | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €243,643 | €318,487 | +€74,844 | +30.7% |
| Amounts receivable within one year | 40/41 | €732 | €787 | +€54 | +7.4% |
| Trade receivables | 40 | €732 | €366 | -€366 | -50.0% |
| Other amounts receivable | 41 | - | €420 | +€420 | |
| Current investments | 50/53 | €225,124 | €280,295 | +€55,171 | +24.5% |
| Cash at bank and in hand | 54/58 | €16,290 | €31,837 | +€15,547 | +95.4% |
| Deferred charges and accrued income | 490/1 | €1,496 | €5,568 | +€4,072 | +272.2% |
| Total equity and liabilities | 10/49 | €2,219,056 | €2,134,924 | -€84,132 | -3.8% |
| Equity | 10/15 | €384,360 | €303,485 | -€80,875 | -21.0% |
| Contributions | 10/11 | €770,166 | €770,166 | = | 0.0% |
| Capital | 10 | €770,000 | €770,000 | = | 0.0% |
| Issued capital | 100 | €770,000 | €770,000 | = | 0.0% |
| Outside capital | 11 | €166 | €166 | = | 0.0% |
| Share premium | 1100/10 | €166 | €166 | = | 0.0% |
| Reserves | 13 | €27,000 | €27,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €27,000 | €27,000 | = | 0.0% |
| Legal reserve | 130 | €27,000 | €27,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€412,805 | -€493,681 | -€80,875 | -19.6% |
| Amounts payable | 17/49 | €1,834,696 | €1,831,439 | -€3,257 | -0.2% |
| Amounts payable after more than one year | 17 | €1,733,800 | €1,733,800 | = | 0.0% |
| Other amounts payable | 178/9 | €1,733,800 | €1,733,800 | = | 0.0% |
| Amounts payable within one year | 42/48 | €5,474 | €3,091 | -€2,383 | -43.5% |
| Trade debts | 44 | €1,819 | €1,952 | +€133 | +7.3% |
| Suppliers | 440/4 | €1,819 | €1,952 | +€133 | +7.3% |
| Other amounts payable | 47/48 | €3,655 | €1,139 | -€2,517 | -68.9% |
| Accrued charges and deferred income | 492/3 | €95,422 | €94,548 | -€874 | -0.9% |
| Non-recurring operating income | 76A | €150 | €0 | -€150 | -100.0% |
| Remuneration, social security and pensions | 62 | -€163 | €0 | +€163 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €162,263 | €162,212 | -€51 | 0.0% |
| Other operating charges | 640/8 | €13,759 | €14,298 | +€538 | +3.9% |
| Non-recurring operating charges | 66A | €867 | €0 | -€867 | -100.0% |
| Gross operating margin | 9900 | €108,870 | €94,232 | -€14,637 | -13.4% |
| Operating profit (loss) | 9901 | -€67,857 | -€82,277 | -€14,420 | -21.3% |
| Financial income | 75/76B | €339 | €1,646 | +€1,307 | +385.7% |
| Recurring financial income | 75 | €339 | €1,646 | +€1,307 | +385.7% |
| Financial charges | 65/66B | €189 | €244 | +€56 | +29.7% |
| Recurring financial charges | 65 | €189 | €244 | +€56 | +29.7% |
| Profit (loss) for the period before taxes | 9903 | -€67,706 | -€80,875 | -€13,169 | -19.5% |
| Profit (loss) for the period | 9904 | -€67,706 | -€80,875 | -€13,169 | -19.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€67,706 | -€80,875 | -€13,169 | -19.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.