VRAMACO: 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.
VRAMACO
Largest movements
- Tangible fixed assets +€123,375
up €123,375 (+752.3%), from €16,401 to €139,775
of which Furniture and vehicles: +€116,727
- Receivables within one year +€106,097
up €106,097 (+139.6%), from €76,013 to €182,110
of which Other amounts receivable: +€70,121
- Current investments -€15,000
down €15,000 (-17.6%), from €85,000 to €70,000
- Debts after one year +€100,000
new in 2024: €100,000
- Other debts +€63,325
up €63,325 (+184.3%), from €34,363 to €97,688
- Tax, wage and social debts +€47,510
up €47,510 (+154.5%), from €30,744 to €78,254
- Gross operating margin +€29,566
up €29,566 (+24.9%), from €118,541 to €148,108
- Taxes +€18,405
up €18,405 (+129.3%), from €14,230 to €32,635
- Financial charges +€10,837
up €10,837 (+11.6%), from €93,455 to €104,291
- Depreciation +€3,785
up €3,785 (+76.9%), from €4,924 to €8,708
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €187,067 | €401,591 | +€214,525 | +114.7% |
| Fixed assets | 21/28 | €16,432 | €139,806 | +€123,375 | +750.8% |
| Tangible fixed assets | 22/27 | €16,401 | €139,775 | +€123,375 | +752.3% |
| Plant, machinery and equipment | 23 | €8,942 | €15,985 | +€7,043 | +78.8% |
| Furniture and vehicles | 24 | €5,908 | €122,635 | +€116,727 | +1975.6% |
| Leasing and similar rights | 25 | €1,550 | €1,154 | -€396 | -25.5% |
| Financial fixed assets | 28 | €31 | €31 | = | 0.0% |
| Current assets | 29/58 | €170,635 | €261,785 | +€91,150 | +53.4% |
| Amounts receivable within one year | 40/41 | €76,013 | €182,110 | +€106,097 | +139.6% |
| Trade receivables | 40 | €72,903 | €108,878 | +€35,976 | +49.3% |
| Other amounts receivable | 41 | €3,110 | €73,232 | +€70,121 | +2254.5% |
| Current investments | 50/53 | €85,000 | €70,000 | -€15,000 | -17.6% |
| Cash at bank and in hand | 54/58 | €2,014 | €5,885 | +€3,871 | +192.2% |
| Deferred charges and accrued income | 490/1 | €7,609 | €3,791 | -€3,818 | -50.2% |
| Total equity and liabilities | 10/49 | €187,067 | €401,591 | +€214,525 | +114.7% |
| Equity | 10/15 | €96,334 | €98,036 | +€1,702 | +1.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €77,734 | €79,436 | +€1,702 | +2.2% |
| Tax-exempt reserves | 132 | €9,538 | €9,538 | = | 0.0% |
| Distributable reserves | 133 | €68,196 | €69,897 | +€1,702 | +2.5% |
| Amounts payable | 17/49 | €90,733 | €303,556 | +€212,823 | +234.6% |
| Amounts payable after more than one year | 17 | - | €100,000 | +€100,000 | |
| Other amounts payable | 178/9 | - | €100,000 | +€100,000 | |
| Amounts payable within one year | 42/48 | €90,733 | €203,556 | +€112,823 | +124.3% |
| Trade debts | 44 | €25,626 | €27,614 | +€1,988 | +7.8% |
| Suppliers | 440/4 | €25,626 | €27,614 | +€1,988 | +7.8% |
| Taxes, remuneration and social security | 45 | €30,744 | €78,254 | +€47,510 | +154.5% |
| Taxes | 450/3 | €30,744 | €78,254 | +€47,510 | +154.5% |
| Other amounts payable | 47/48 | €34,363 | €97,688 | +€63,325 | +184.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,924 | €8,708 | +€3,785 | +76.9% |
| Other operating charges | 640/8 | €1,179 | €1,169 | -€10 | -0.8% |
| Gross operating margin | 9900 | €118,541 | €148,108 | +€29,566 | +24.9% |
| Operating profit (loss) | 9901 | €112,439 | €138,230 | +€25,791 | +22.9% |
| Financial income | 75/76B | €0 | €397 | +€397 | +661883.3% |
| Recurring financial income | 75 | €0 | €397 | +€397 | +661883.3% |
| Financial charges | 65/66B | €93,455 | €104,291 | +€10,837 | +11.6% |
| Recurring financial charges | 65 | €93,455 | €104,291 | +€10,837 | +11.6% |
| Profit (loss) for the period before taxes | 9903 | €18,984 | €34,336 | +€15,352 | +80.9% |
| Income taxes | 67/77 | €14,230 | €32,635 | +€18,405 | +129.3% |
| Profit (loss) for the period | 9904 | €4,755 | €1,702 | -€3,053 | -64.2% |
| Profit (loss) for the period to be appropriated | 9905 | €4,755 | €1,702 | -€3,053 | -64.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.