EuroVMS: 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.
EuroVMS
Largest movements
- Current investments -€150,000
down €150,000 (-100%), from €150,000 to €0
- Cash -€54,286
down €54,286 (-45.0%), from €120,675 to €66,389
mainly Contributions, distributions and other (-€350,000) and Investment in fixed assets (net) (-€3,613)
- Deferred charges and accrued income -€8,648
down €8,648 (-66.2%), from €13,066 to €4,418
- Receivables within one year -€6,894
down €6,894 (-26.1%), from €26,395 to €19,501
of which Trade receivables: -€8,876
- Reserves -€223,000
down €223,000 (-76.3%), from €292,290 to €69,290
of which Distributable reserves: -€223,000
- Tax, wage and social debts +€5,678
up €5,678 (+48.8%), from €11,624 to €17,302
of which Remuneration and social security: +€3,596
- Staff costs +€24,850
up €24,850 (+118%), from €21,077 to €45,927
- Gross operating margin +€23,456
up €23,456 (+12.0%), from €195,587 to €219,042
- Taxes +€4,031
up €4,031 (+10.3%), from €39,263 to €43,294
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 | €331,314 | €112,391 | -€218,923 | -66.1% |
| Fixed assets | 21/28 | €21,179 | €22,083 | +€904 | +4.3% |
| Tangible fixed assets | 22/27 | €21,179 | €22,083 | +€904 | +4.3% |
| Land and buildings | 22 | €16,795 | €18,849 | +€2,055 | +12.2% |
| Plant, machinery and equipment | 23 | €3,878 | €3,211 | -€666 | -17.2% |
| Furniture and vehicles | 24 | €506 | €22 | -€484 | -95.6% |
| Current assets | 29/58 | €310,136 | €90,308 | -€219,828 | -70.9% |
| Amounts receivable within one year | 40/41 | €26,395 | €19,501 | -€6,894 | -26.1% |
| Trade receivables | 40 | €24,627 | €15,751 | -€8,876 | -36.0% |
| Other amounts receivable | 41 | €1,768 | €3,751 | +€1,982 | +112% |
| Current investments | 50/53 | €150,000 | €0 | -€150,000 | -100% |
| Cash at bank and in hand | 54/58 | €120,675 | €66,389 | -€54,286 | -45.0% |
| Deferred charges and accrued income | 490/1 | €13,066 | €4,418 | -€8,648 | -66.2% |
| Total equity and liabilities | 10/49 | €331,314 | €112,391 | -€218,923 | -66.1% |
| Equity | 10/15 | €311,730 | €88,781 | -€222,948 | -71.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €292,290 | €69,290 | -€223,000 | -76.3% |
| Tax-exempt reserves | 132 | €290 | €290 | = | 0.0% |
| Distributable reserves | 133 | €292,000 | €69,000 | -€223,000 | -76.4% |
| Profit (loss) carried forward | 14 | €890 | €941 | +€52 | +5.8% |
| Amounts payable | 17/49 | €19,584 | €23,609 | +€4,025 | +20.6% |
| Amounts payable within one year | 42/48 | €16,958 | €22,296 | +€5,338 | +31.5% |
| Trade debts | 44 | €3,868 | €4,994 | +€1,126 | +29.1% |
| Suppliers | 440/4 | €3,868 | €4,994 | +€1,126 | +29.1% |
| Taxes, remuneration and social security | 45 | €11,624 | €17,302 | +€5,678 | +48.8% |
| Taxes | 450/3 | €8,806 | €10,889 | +€2,082 | +23.6% |
| Remuneration and social security | 454/9 | €2,818 | €6,414 | +€3,596 | +128% |
| Other amounts payable | 47/48 | €1,466 | €0 | -€1,466 | -100% |
| Accrued charges and deferred income | 492/3 | €2,626 | €1,313 | -€1,313 | -50.0% |
| Non-recurring operating income | 76A | €5,372 | €0 | -€5,372 | -100% |
| Remuneration, social security and pensions | 62 | €21,077 | €45,927 | +€24,850 | +118% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,487 | €2,709 | +€222 | +8.9% |
| Other operating charges | 640/8 | €1,485 | €1,153 | -€332 | -22.3% |
| Gross operating margin | 9900 | €195,587 | €219,042 | +€23,456 | +12.0% |
| Operating profit (loss) | 9901 | €170,538 | €169,253 | -€1,285 | -0.8% |
| Financial income | 75/76B | €3,438 | €2,031 | -€1,407 | -40.9% |
| Recurring financial income | 75 | €3,438 | €2,031 | -€1,407 | -40.9% |
| Financial charges | 65/66B | €1,247 | €939 | -€308 | -24.7% |
| Recurring financial charges | 65 | €1,247 | €939 | -€308 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €172,729 | €170,346 | -€2,384 | -1.4% |
| Income taxes | 67/77 | €39,263 | €43,294 | +€4,031 | +10.3% |
| Profit (loss) for the period | 9904 | €133,466 | €127,052 | -€6,415 | -4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €133,466 | €127,052 | -€6,415 | -4.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.