VIMAK: 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.
VIMAK
Largest movements
- Current investments -€50,000
down €50,000 (-23.8%), from €210,000 to €160,000
- Cash +€30,895
up €30,895 (+115.7%), from €26,700 to €57,595
mainly Net result for the year (+€107,947) and Current investments (+€50,000)
- Tangible fixed assets -€7,898
down €7,898 (-82.6%), from €9,560 to €1,662
- Reserves -€140,000
down €140,000 (-66.6%), from €210,152 to €70,152
- Profit (loss) carried forward +€107,947
new in 2025: €107,947
- Tax, wage and social debts +€2,685
up €2,685 (+7.6%), from €35,155 to €37,841
- Gross operating margin +€16,497
up €16,497 (+13.2%), from €125,306 to €141,803
- Taxes +€5,847
up €5,847 (+22.7%), from €25,765 to €31,612
- Financial income +€5,821
up €5,821 (+358.3%), from €1,625 to €7,445
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 | €248,720 | €221,525 | -€27,195 | -10.9% |
| Fixed assets | 21/28 | €9,560 | €1,662 | -€7,898 | -82.6% |
| Tangible fixed assets | 22/27 | €9,560 | €1,662 | -€7,898 | -82.6% |
| Furniture and vehicles | 24 | €9,560 | €1,662 | -€7,898 | -82.6% |
| Current assets | 29/58 | €239,160 | €219,863 | -€19,296 | -8.1% |
| Amounts receivable within one year | 40/41 | €257 | €0 | -€257 | -100.0% |
| Other amounts receivable | 41 | €257 | €0 | -€257 | -100.0% |
| Current investments | 50/53 | €210,000 | €160,000 | -€50,000 | -23.8% |
| Cash at bank and in hand | 54/58 | €26,700 | €57,595 | +€30,895 | +115.7% |
| Deferred charges and accrued income | 490/1 | €2,203 | €2,268 | +€66 | +3.0% |
| Total equity and liabilities | 10/49 | €248,720 | €221,525 | -€27,195 | -10.9% |
| Equity | 10/15 | €213,152 | €181,099 | -€32,053 | -15.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €210,152 | €70,152 | -€140,000 | -66.6% |
| Distributable reserves | 133 | €210,152 | €70,152 | -€140,000 | -66.6% |
| Profit (loss) carried forward | 14 | - | €107,947 | +€107,947 | |
| Amounts payable | 17/49 | €35,568 | €40,426 | +€4,859 | +13.7% |
| Amounts payable within one year | 42/48 | €35,568 | €40,426 | +€4,859 | +13.7% |
| Trade debts | 44 | €412 | €108 | -€304 | -73.7% |
| Suppliers | 440/4 | €412 | €108 | -€304 | -73.7% |
| Taxes, remuneration and social security | 45 | €35,155 | €37,841 | +€2,685 | +7.6% |
| Taxes | 450/3 | €35,155 | €37,841 | +€2,685 | +7.6% |
| Other amounts payable | 47/48 | - | €2,477 | +€2,477 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,279 | €8,356 | +€77 | +0.9% |
| Other operating charges | 640/8 | €1,465 | €1,294 | -€172 | -11.7% |
| Gross operating margin | 9900 | €125,306 | €141,803 | +€16,497 | +13.2% |
| Operating profit (loss) | 9901 | €115,561 | €132,153 | +€16,592 | +14.4% |
| Financial income | 75/76B | €1,625 | €7,445 | +€5,821 | +358.3% |
| Recurring financial income | 75 | €1,625 | €7,445 | +€5,821 | +358.3% |
| Financial charges | 65/66B | €39 | €40 | +€1 | +3.5% |
| Recurring financial charges | 65 | €39 | €40 | +€1 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €117,147 | €139,558 | +€22,411 | +19.1% |
| Income taxes | 67/77 | €25,765 | €31,612 | +€5,847 | +22.7% |
| Profit (loss) for the period | 9904 | €91,382 | €107,947 | +€16,565 | +18.1% |
| Profit (loss) for the period to be appropriated | 9905 | €91,382 | €107,947 | +€16,565 | +18.1% |
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 9 October 2026 via checked.be.