V.M. CARE: 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.
V.M. CARE
Largest movements
- Tangible fixed assets -€5,415
down €5,415 (-2.3%), from €239,916 to €234,501
of which Land and buildings: -€6,792
- Reserves +€13,228
up €13,228 (+15.5%), from €85,372 to €98,600
of which Distributable reserves: +€13,228
- Debts after one year -€10,553
down €10,553 (-5.7%), from €185,765 to €175,212
- Tax, wage and social debts -€9,719
down €9,719 (-76.4%), from €12,723 to €3,004
of which Taxes: -€10,099
- Depreciation -€29,075
down €29,075 (-77.1%), from €37,717 to €8,642
- Taxes +€13,065
up €13,065 (+187%), from €7,000 to €20,065
- Financial charges +€4,730
up €4,730 (+132%), from €3,589 to €8,319
- Other operating charges -€3,887
down €3,887 (-49.4%), from €7,874 to €3,987
- Gross operating margin +€2,357
up €2,357 (+3.2%), from €74,256 to €76,613
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 | €356,025 | €347,327 | -€8,698 | -2.4% |
| Fixed assets | 21/28 | €239,916 | €234,501 | -€5,415 | -2.3% |
| Tangible fixed assets | 22/27 | €239,916 | €234,501 | -€5,415 | -2.3% |
| Land and buildings | 22 | €237,092 | €230,300 | -€6,792 | -2.9% |
| Furniture and vehicles | 24 | €2,824 | €4,201 | +€1,377 | +48.8% |
| Current assets | 29/58 | €116,109 | €112,826 | -€3,283 | -2.8% |
| Amounts receivable within one year | 40/41 | €3,625 | €742 | -€2,883 | -79.5% |
| Other amounts receivable | 41 | €3,625 | €742 | -€2,883 | -79.5% |
| Cash at bank and in hand | 54/58 | €112,484 | €112,084 | -€400 | -0.4% |
| Total equity and liabilities | 10/49 | €356,025 | €347,327 | -€8,698 | -2.4% |
| Equity | 10/15 | €145,123 | €158,369 | +€13,246 | +9.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Capital | 10 | €1,000 | €1,000 | = | 0.0% |
| Issued capital | 100 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €85,372 | €98,600 | +€13,228 | +15.5% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Legal reserve | 130 | €100 | €100 | = | 0.0% |
| Distributable reserves | 133 | €85,272 | €98,500 | +€13,228 | +15.5% |
| Profit (loss) carried forward | 14 | €58,751 | €58,769 | +€18 | 0.0% |
| Amounts payable | 17/49 | €210,902 | €188,958 | -€21,944 | -10.4% |
| Amounts payable after more than one year | 17 | €185,765 | €175,212 | -€10,553 | -5.7% |
| Financial debts | 170/4 | €185,765 | €175,212 | -€10,553 | -5.7% |
| Amounts payable within one year | 42/48 | €24,974 | €13,556 | -€11,418 | -45.7% |
| Current portion of amounts payable after more than one year | 42 | €12,251 | €10,552 | -€1,699 | -13.9% |
| Taxes, remuneration and social security | 45 | €12,723 | €3,004 | -€9,719 | -76.4% |
| Taxes | 450/3 | €12,410 | €2,311 | -€10,099 | -81.4% |
| Remuneration and social security | 454/9 | €313 | €693 | +€380 | +121% |
| Accrued charges and deferred income | 492/3 | €163 | €190 | +€27 | +16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,717 | €8,642 | -€29,075 | -77.1% |
| Other operating charges | 640/8 | €7,874 | €3,987 | -€3,887 | -49.4% |
| Gross operating margin | 9900 | €74,256 | €76,613 | +€2,357 | +3.2% |
| Operating profit (loss) | 9901 | €28,665 | €63,984 | +€35,319 | +123% |
| Financial income | 75/76B | €109 | €118 | +€9 | +8.3% |
| Recurring financial income | 75 | €109 | €118 | +€9 | +8.3% |
| Financial charges | 65/66B | €3,589 | €8,319 | +€4,730 | +132% |
| Recurring financial charges | 65 | €3,589 | €8,319 | +€4,730 | +132% |
| Profit (loss) for the period before taxes | 9903 | €25,185 | €55,783 | +€30,598 | +121% |
| Income taxes | 67/77 | €7,000 | €20,065 | +€13,065 | +187% |
| Profit (loss) for the period | 9904 | €18,185 | €35,718 | +€17,533 | +96.4% |
| Profit (loss) for the period to be appropriated | 9905 | €18,185 | €35,718 | +€17,533 | +96.4% |
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 19 October 2026 via checked.be.