VLAMOR: 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.
VLAMOR
Largest movements
- Cash +€8,258
up €8,258 (+192.7%), from €4,284 to €12,543
mainly Net result for the year (+€3,520) and Receivables within one year (+€3,319)
- Tangible fixed assets +€3,447
up €3,447 (+67.9%), from €5,072 to €8,519
of which Furniture and vehicles: +€4,680
- Receivables within one year -€3,319
down €3,319 (-18.3%), from €18,116 to €14,797
of which Trade receivables: -€4,564
- Deferred charges and accrued income +€500
up €500 (+113.1%), from €443 to €943
- Current portion of long-term debt +€2,478
new in 2025: €2,478
- Other debts +€2,233
up €2,233 (+19.7%), from €11,335 to €13,569
- Reserves +€1,920
up €1,920 (+36.9%), from €5,209 to €7,130
- Debts after one year +€1,904
new in 2025: €1,904
- Tax, wage and social debts +€565
up €565 (+7.9%), from €7,157 to €7,722
of which Taxes: +€537
- Depreciation +€2,666
up €2,666 (+503.3%), from €530 to €3,196
- Gross operating margin +€2,587
up €2,587 (+39.8%), from €6,492 to €9,078
- Financial charges +€174
up €174 (+341.0%), from €51 to €225
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 | €27,915 | €36,802 | +€8,886 | +31.8% |
| Fixed assets | 21/28 | €5,072 | €8,519 | +€3,447 | +67.9% |
| Tangible fixed assets | 22/27 | €5,072 | €8,519 | +€3,447 | +67.9% |
| Plant, machinery and equipment | 23 | €3,449 | €2,216 | -€1,233 | -35.8% |
| Furniture and vehicles | 24 | €1,623 | €6,303 | +€4,680 | +288.3% |
| Current assets | 29/58 | €22,843 | €28,283 | +€5,440 | +23.8% |
| Amounts receivable within one year | 40/41 | €18,116 | €14,797 | -€3,319 | -18.3% |
| Trade receivables | 40 | €14,849 | €10,285 | -€4,564 | -30.7% |
| Other amounts receivable | 41 | €3,267 | €4,512 | +€1,245 | +38.1% |
| Cash at bank and in hand | 54/58 | €4,284 | €12,543 | +€8,258 | +192.7% |
| Deferred charges and accrued income | 490/1 | €443 | €943 | +€500 | +113.1% |
| Total equity and liabilities | 10/49 | €27,915 | €36,802 | +€8,886 | +31.8% |
| Equity | 10/15 | €8,209 | €10,130 | +€1,920 | +23.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €5,209 | €7,130 | +€1,920 | +36.9% |
| Distributable reserves | 133 | €5,209 | €7,130 | +€1,920 | +36.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €19,706 | €26,672 | +€6,966 | +35.3% |
| Amounts payable after more than one year | 17 | - | €1,904 | +€1,904 | |
| Financial debts | 170/4 | - | €1,904 | +€1,904 | |
| Amounts payable within one year | 42/48 | €19,479 | €24,229 | +€4,750 | +24.4% |
| Current portion of amounts payable after more than one year | 42 | - | €2,478 | +€2,478 | |
| Trade debts | 44 | €987 | €460 | -€526 | -53.4% |
| Suppliers | 440/4 | €987 | €460 | -€526 | -53.4% |
| Taxes, remuneration and social security | 45 | €7,157 | €7,722 | +€565 | +7.9% |
| Taxes | 450/3 | €4,359 | €4,897 | +€537 | +12.3% |
| Remuneration and social security | 454/9 | €2,798 | €2,826 | +€27 | +1.0% |
| Other amounts payable | 47/48 | €11,335 | €13,569 | +€2,233 | +19.7% |
| Accrued charges and deferred income | 492/3 | €227 | €539 | +€313 | +138.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €530 | €3,196 | +€2,666 | +503.3% |
| Other operating charges | 640/8 | €427 | €382 | -€45 | -10.6% |
| Gross operating margin | 9900 | €6,492 | €9,078 | +€2,587 | +39.8% |
| Operating profit (loss) | 9901 | €5,535 | €5,501 | -€34 | -0.6% |
| Financial charges | 65/66B | €51 | €225 | +€174 | +341.0% |
| Recurring financial charges | 65 | €51 | €225 | +€174 | +341.0% |
| Profit (loss) for the period before taxes | 9903 | €5,484 | €5,275 | -€208 | -3.8% |
| Income taxes | 67/77 | €1,733 | €1,755 | +€22 | +1.3% |
| Profit (loss) for the period | 9904 | €3,751 | €3,520 | -€230 | -6.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,751 | €3,520 | -€230 | -6.1% |
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 7 October 2026 via checked.be.