VLAMO: 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.
VLAMO
Largest movements
- Receivables within one year +€87,359
up €87,359 (+166%), from €52,563 to €139,922
of which Trade receivables: +€94,278
- Stocks and contracts -€27,500
no longer reported in 2025 (was €27,500)
- Cash +€16,830
up €16,830 (+2,458%), from €685 to €17,515
mainly Trade debts (+€60,690) and Net result for the year (+€55,921)
- Tangible fixed assets +€13,097
up €13,097 (+31.5%), from €41,533 to €54,630
of which Furniture and vehicles: +€13,718
- Trade debts +€60,690
up €60,690 (+1,159%), from €5,238 to €65,929
- Tax, wage and social debts +€24,229
new in 2025: €24,229
- Debts after one year +€11,918
up €11,918 (+138%), from €8,651 to €20,570
- Profit (loss) carried forward -€9,103
down €9,103 (-9.4%), from €96,812 to €87,709
- Accrued charges and deferred income -€2,550
no longer reported in 2025 (was €2,550)
- Gross operating margin +€31,473
up €31,473 (+52.8%), from €59,586 to €91,059
- Taxes +€14,427
new in 2025: €14,427
- Depreciation +€4,247
up €4,247 (+29.6%), from €14,333 to €18,581
- Other operating charges -€2,096
down €2,096 (-88.8%), from €2,360 to €264
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.
Derived cash bridge
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 | €126,787 | €214,466 | +€87,679 | +69.2% |
| Fixed assets | 21/28 | €43,933 | €57,030 | +€13,097 | +29.8% |
| Tangible fixed assets | 22/27 | €41,533 | €54,630 | +€13,097 | +31.5% |
| Plant, machinery and equipment | 23 | €2,203 | €1,582 | -€621 | -28.2% |
| Furniture and vehicles | 24 | €39,330 | €53,048 | +€13,718 | +34.9% |
| Financial fixed assets | 28 | €2,400 | €2,400 | = | 0.0% |
| Current assets | 29/58 | €82,854 | €157,437 | +€74,582 | +90.0% |
| Stocks and contracts in progress | 3 | €27,500 | - | -€27,500 | |
| Contracts in progress | 37 | €27,500 | - | -€27,500 | |
| Amounts receivable within one year | 40/41 | €52,563 | €139,922 | +€87,359 | +166% |
| Trade receivables | 40 | €33,124 | €127,402 | +€94,278 | +285% |
| Other amounts receivable | 41 | €19,439 | €12,520 | -€6,919 | -35.6% |
| Cash at bank and in hand | 54/58 | €685 | €17,515 | +€16,830 | +2,458% |
| Deferred charges and accrued income | 490/1 | €2,107 | - | -€2,107 | |
| Total equity and liabilities | 10/49 | €126,787 | €214,466 | +€87,679 | +69.2% |
| Equity | 10/15 | €102,312 | €93,209 | -€9,103 | -8.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | - | -€5,000 | |
| Issued capital | 100 | €5,000 | - | -€5,000 | |
| Reserves | 13 | €500 | €500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €500 | €500 | = | 0.0% |
| Legal reserve | 130 | €500 | - | -€500 | |
| Reserves not available under the articles | 1311 | - | €500 | +€500 | |
| Profit (loss) carried forward | 14 | €96,812 | €87,709 | -€9,103 | -9.4% |
| Amounts payable | 17/49 | €24,475 | €121,258 | +€96,782 | +395% |
| Amounts payable after more than one year | 17 | €8,651 | €20,570 | +€11,918 | +138% |
| Financial debts | 170/4 | €8,651 | €20,570 | +€11,918 | +138% |
| Amounts payable within one year | 42/48 | €13,274 | €100,688 | +€87,414 | +659% |
| Current portion of amounts payable after more than one year | 42 | €8,036 | €10,530 | +€2,495 | +31.0% |
| Trade debts | 44 | €5,238 | €65,929 | +€60,690 | +1,159% |
| Suppliers | 440/4 | €5,238 | €65,929 | +€60,690 | +1,159% |
| Taxes, remuneration and social security | 45 | - | €24,229 | +€24,229 | |
| Taxes | 450/3 | - | €24,229 | +€24,229 | |
| Accrued charges and deferred income | 492/3 | €2,550 | - | -€2,550 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,333 | €18,581 | +€4,247 | +29.6% |
| Other operating charges | 640/8 | €2,360 | €264 | -€2,096 | -88.8% |
| Gross operating margin | 9900 | €59,586 | €91,059 | +€31,473 | +52.8% |
| Operating profit (loss) | 9901 | €42,892 | €72,214 | +€29,322 | +68.4% |
| Financial income | 75/76B | €0 | €37 | +€37 | +124,333% |
| Recurring financial income | 75 | €0 | €37 | +€37 | +124,333% |
| Financial charges | 65/66B | €1,492 | €1,903 | +€411 | +27.5% |
| Recurring financial charges | 65 | €1,492 | €1,903 | +€411 | +27.5% |
| Profit (loss) for the period before taxes | 9903 | €41,400 | €70,348 | +€28,948 | +69.9% |
| Income taxes | 67/77 | - | €14,427 | +€14,427 | |
| Profit (loss) for the period | 9904 | €41,400 | €55,921 | +€14,521 | +35.1% |
| Profit (loss) for the period to be appropriated | 9905 | €41,400 | €55,921 | +€14,521 | +35.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.