VIMAR: 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
VIMAR
NACE 43.990, Other specialised construction activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.1m
2024 · €809,960+€288,496
Equity
€6.2m
2024 · €5.2m+€1.1m
Cash
€1.2m
2024 · €3.1m-€2.0m
Balance sheet total
€12.1m
2024 · €11.0m+€1.1m
Largest movements
Assets
- Cash -€2.0m
down €2.0m (-62.9%), from €3.1m to €1.2m
mainly Stocks and contracts (-€1.9m) and Receivables within one year (-€1.2m)
- Stocks and contracts +€1.9m
up €1.9m (+810.4%), from €240,214 to €2.2m
of which Contracts in progress: +€1.5m
- Receivables within one year +€1.2m
up €1.2m (+19.1%), from €6.3m to €7.5m
of which Other amounts receivable: +€1.1m
- Tangible fixed assets -€221,354
down €221,354 (-34.7%), from €637,829 to €416,476
of which Leasing and similar rights: -€181,604
Equity and liabilities
- Profit (loss) carried forward +€1.1m
up €1.1m (+29.3%), from €3.7m to €4.8m
- Advances received +€861,167
up €861,167 (+63.2%), from €1.4m to €2.2m
- Accrued charges and deferred income -€763,251
no longer reported in 2025 (was €763,251)
- Tax, wage and social debts +€306,623
up €306,623 (+124.7%), from €245,806 to €552,428
of which Taxes: +€191,095
- Other debts -€153,718
down €153,718 (-99.1%), from €155,134 to €1,416
Income statement
- Turnover -€884,182
down €884,182 (-3.2%), from €27.6m to €26.7m
- Goods and materials -€770,510
down €770,510 (-3.6%), from €21.5m to €20.7m
of which Change in stocks: decrease (increase): -€476,442
- Staff costs +€541,225
up €541,225 (+16.9%), from €3.2m to €3.8m
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
€809,960
Turnover
-€884,182
Other operating income
-€189,174
Goods and materials
+€770,510
Services and other goods
-€253,038
Staff costs
-€541,225
Depreciation
+€37,970
Write-downs
-€193,902
Other operating charges
+€78,718
Other operating items
+€1.5m
Financial income
+€13,102
Financial charges
+€50,038
Taxes
-€110,667
Result 2025
€1.1m
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
-€1.7m
Investment
-€41,249
Financing
-€261,485
Cash 2024
€3.1m
From operations (derived)
-€1.7m
Net result for the year
+€1.1m
Depreciation
+€244,478
Stocks and contracts
-€1.9m
Receivables within one year
-€1.2m
Deferred charges and accrued income
-€96,822
Trade debts
+€3,439
Tax, wage and social debts
+€306,623
Advances received
+€861,167
Other debts
-€153,718
Accrued charges and deferred income
-€763,251
Investment (derived)
-€41,249
Investment in fixed assets (net)
-€41,249
Financing
-€261,485
Debts after one year
-€116,500
Current portion of long-term debt
-€135,276
Contributions, distributions and other
-€9,710
Cash 2025
€1.2m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,989,453 | €12,080,683 | +€1.1m | +9.9% |
| Fixed assets | 21/28 | €1,060,269 | €857,041 | -€203,229 | -19.2% |
| Intangible fixed assets | 21 | €37,750 | €44,258 | +€6,508 | +17.2% |
| Tangible fixed assets | 22/27 | €637,829 | €416,476 | -€221,354 | -34.7% |
| Plant, machinery and equipment | 23 | €193,513 | €144,386 | -€49,128 | -25.4% |
| Furniture and vehicles | 24 | €35,630 | €55,910 | +€20,280 | +56.9% |
| Leasing and similar rights | 25 | €355,481 | €173,877 | -€181,604 | -51.1% |
| Other tangible fixed assets | 26 | €53,205 | €42,303 | -€10,902 | -20.5% |
| Financial fixed assets | 28 | €384,690 | €396,307 | +€11,617 | +3.0% |
| Affiliated companies | 280/1 | - | €2,500 | +€2,500 | |
| Participating interests | 280 | - | €2,500 | +€2,500 | |
| Other financial fixed assets | 284/8 | €384,690 | €393,807 | +€9,117 | +2.4% |
| Amounts receivable and cash guarantees | 285/8 | €384,690 | €393,807 | +€9,117 | +2.4% |
| Current assets | 29/58 | €9,929,184 | €11,223,642 | +€1.3m | +13.0% |
| Stocks and contracts in progress | 3 | €240,214 | €2,186,809 | +€1.9m | +810.4% |
| Stocks | 30/36 | €240,214 | €676,463 | +€436,250 | +181.6% |
| Raw materials and consumables | 30/31 | €240,214 | €676,463 | +€436,250 | +181.6% |
| Contracts in progress | 37 | - | €1,510,346 | +€1.5m | |
| Amounts receivable within one year | 40/41 | €6,326,093 | €7,531,986 | +€1.2m | +19.1% |
| Trade receivables | 40 | €6,029,137 | €6,118,234 | +€89,097 | +1.5% |
| Other amounts receivable | 41 | €296,956 | €1,413,752 | +€1.1m | +376.1% |
| Cash at bank and in hand | 54/58 | €3,109,311 | €1,154,458 | -€2.0m | -62.9% |
| Deferred charges and accrued income | 490/1 | €253,567 | €350,389 | +€96,822 | +38.2% |
| Total equity and liabilities | 10/49 | €10,989,453 | €12,080,683 | +€1.1m | +9.9% |
| Equity | 10/15 | €5,150,540 | €6,239,286 | +€1.1m | +21.1% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €1,259,428 | €1,259,428 | = | 0.0% |
| Tax-exempt reserves | 132 | €421,013 | - | -€421,013 | |
| Distributable reserves | 133 | €838,415 | €1,259,428 | +€421,013 | +50.2% |
| Profit (loss) carried forward | 14 | €3,749,565 | €4,848,021 | +€1.1m | +29.3% |
| Investment grants | 15 | €16,547 | €6,838 | -€9,710 | -58.7% |
| Amounts payable | 17/49 | €5,838,913 | €5,841,396 | +€2,483 | 0.0% |
| Amounts payable after more than one year | 17 | €199,912 | €83,412 | -€116,500 | -58.3% |
| Financial debts | 170/4 | €199,912 | €83,412 | -€116,500 | -58.3% |
| Leasing and similar obligations | 172 | €183,089 | €83,412 | -€99,677 | -54.4% |
| Credit institutions | 173 | €16,823 | - | -€16,823 | |
| Amounts payable within one year | 42/48 | €4,875,750 | €5,757,984 | +€882,234 | +18.1% |
| Current portion of amounts payable after more than one year | 42 | €231,645 | €96,369 | -€135,276 | -58.4% |
| Trade debts | 44 | €2,880,680 | €2,884,119 | +€3,439 | +0.1% |
| Suppliers | 440/4 | €2,880,680 | €2,884,119 | +€3,439 | +0.1% |
| Advances received on contracts in progress | 46 | €1,362,486 | €2,223,653 | +€861,167 | +63.2% |
| Taxes, remuneration and social security | 45 | €245,806 | €552,428 | +€306,623 | +124.7% |
| Taxes | 450/3 | €28,285 | €219,380 | +€191,095 | +675.6% |
| Remuneration and social security | 454/9 | €217,520 | €333,048 | +€115,528 | +53.1% |
| Other amounts payable | 47/48 | €155,134 | €1,416 | -€153,718 | -99.1% |
| Accrued charges and deferred income | 492/3 | €763,251 | - | -€763,251 | |
| Operating income | 70/76A | €27,880,584 | €28,317,574 | +€436,990 | +1.6% |
| Turnover | 70 | €27,553,704 | €26,669,522 | -€884,182 | -3.2% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | - | €1,510,346 | +€1.5m | |
| Other operating income | 74 | €326,880 | €137,706 | -€189,174 | -57.9% |
| Operating charges | 60/66A | €26,672,661 | €26,773,628 | +€100,967 | +0.4% |
| Goods for resale, raw materials and consumables | 60 | €21,492,833 | €20,722,323 | -€770,510 | -3.6% |
| Purchases | 600/8 | €21,452,641 | €21,158,572 | -€294,068 | -1.4% |
| Change in stocks: decrease (increase) | 609 | €40,192 | -€436,250 | -€476,442 | |
| Services and other goods | 61 | €1,757,920 | €2,010,958 | +€253,038 | +14.4% |
| Remuneration, social security and pensions | 62 | €3,209,608 | €3,750,833 | +€541,225 | +16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €282,448 | €244,478 | -€37,970 | -13.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€193,902 | - | +€193,902 | |
| Other operating charges | 640/8 | €123,755 | €45,037 | -€78,718 | -63.6% |
| Operating profit (loss) | 9901 | €1,207,923 | €1,543,945 | +€336,023 | +27.8% |
| Financial income | 75/76B | €26,075 | €39,177 | +€13,102 | +50.2% |
| Recurring financial income | 75 | €26,075 | €22,244 | -€3,831 | -14.7% |
| Income from financial fixed assets | 750 | €43 | €1,095 | +€1,053 | +2476.5% |
| Income from current assets | 751 | €8,637 | €8,405 | -€232 | -2.7% |
| Other financial income | 752/9 | €17,396 | €12,744 | -€4,652 | -26.7% |
| Non-recurring financial income | 76B | - | €16,933 | +€16,933 | |
| Financial charges | 65/66B | €106,623 | €56,585 | -€50,038 | -46.9% |
| Recurring financial charges | 65 | €106,623 | €56,585 | -€50,038 | -46.9% |
| Debt charges | 650 | €46,285 | €32,091 | -€14,195 | -30.7% |
| Other financial charges | 652/9 | €60,338 | €24,494 | -€35,843 | -59.4% |
| Profit (loss) for the period before taxes | 9903 | €1,127,375 | €1,526,538 | +€399,163 | +35.4% |
| Income taxes | 67/77 | €317,415 | €428,082 | +€110,667 | +34.9% |
| Taxes | 670/3 | €317,415 | €428,082 | +€110,667 | +34.9% |
| Profit (loss) for the period | 9904 | €809,960 | €1,098,456 | +€288,496 | +35.6% |
| Transfer from tax-exempt reserves | 789 | €357,850 | €421,013 | +€63,163 | +17.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,167,810 | €1,519,468 | +€351,658 | +30.1% |
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 30 September 2026 via checked.be.