V.M. CONTRACTORS: 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. CONTRACTORS
Largest movements
- Cash +€22,245
up €22,245 (+7.1%), from €313,491 to €335,736
mainly Net result for the year (+€19,631) and Depreciation (+€17,151)
- Tangible fixed assets +€8,530
up €8,530 (+5.7%), from €149,676 to €158,206
- Receivables within one year -€7,184
down €7,184 (-57.0%), from €12,609 to €5,425
of which Other amounts receivable: -€7,920
- Reserves +€17,630
up €17,630 (+6.4%), from €276,176 to €293,806
of which Distributable reserves: +€20,476
- Gross operating margin +€10,060
up €10,060 (+22.7%), from €44,378 to €54,438
- Taxes +€3,539
up €3,539 (+52.9%), from €6,684 to €10,223
- Depreciation -€2,449
down €2,449 (-12.5%), from €19,600 to €17,151
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 | €477,329 | €500,784 | +€23,455 | +4.9% |
| Fixed assets | 21/28 | €149,676 | €158,206 | +€8,530 | +5.7% |
| Tangible fixed assets | 22/27 | €149,676 | €158,206 | +€8,530 | +5.7% |
| Land and buildings | 22 | €149,676 | €158,206 | +€8,530 | +5.7% |
| Current assets | 29/58 | €327,653 | €342,578 | +€14,925 | +4.6% |
| Amounts receivable within one year | 40/41 | €12,609 | €5,425 | -€7,184 | -57.0% |
| Trade receivables | 40 | €524 | €1,260 | +€736 | +140% |
| Other amounts receivable | 41 | €12,085 | €4,165 | -€7,920 | -65.5% |
| Cash at bank and in hand | 54/58 | €313,491 | €335,736 | +€22,245 | +7.1% |
| Deferred charges and accrued income | 490/1 | €1,553 | €1,417 | -€136 | -8.8% |
| Total equity and liabilities | 10/49 | €477,329 | €500,784 | +€23,455 | +4.9% |
| Equity | 10/15 | €471,176 | €488,806 | +€17,630 | +3.7% |
| Contributions | 10/11 | €195,000 | €195,000 | = | 0.0% |
| Capital | 10 | €195,000 | €195,000 | = | 0.0% |
| Issued capital | 100 | €195,000 | €195,000 | = | 0.0% |
| Reserves | 13 | €276,176 | €293,806 | +€17,630 | +6.4% |
| Non-distributable reserves | 130/1 | €19,500 | €19,500 | = | 0.0% |
| Legal reserve | 130 | €19,500 | €19,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,693 | €2,847 | -€2,846 | -50.0% |
| Distributable reserves | 133 | €250,983 | €271,459 | +€20,476 | +8.2% |
| Provisions and deferred taxes | 16 | €1,898 | €949 | -€949 | -50.0% |
| Deferred taxes | 168 | €1,898 | €949 | -€949 | -50.0% |
| Amounts payable | 17/49 | €4,255 | €11,029 | +€6,774 | +159% |
| Amounts payable within one year | 42/48 | €1,694 | €9,220 | +€7,526 | +444% |
| Trade debts | 44 | €495 | €3,586 | +€3,091 | +624% |
| Suppliers | 440/4 | €495 | €3,586 | +€3,091 | +624% |
| Advances received on contracts in progress | 46 | €907 | €3,307 | +€2,400 | +265% |
| Other amounts payable | 47/48 | €292 | €2,327 | +€2,035 | +697% |
| Accrued charges and deferred income | 492/3 | €2,561 | €1,809 | -€752 | -29.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,600 | €17,151 | -€2,449 | -12.5% |
| Other operating charges | 640/8 | €7,946 | €8,418 | +€472 | +5.9% |
| Gross operating margin | 9900 | €44,378 | €54,438 | +€10,060 | +22.7% |
| Operating profit (loss) | 9901 | €16,832 | €28,869 | +€12,037 | +71.5% |
| Financial income | 75/76B | €438 | €116 | -€322 | -73.5% |
| Recurring financial income | 75 | €438 | €116 | -€322 | -73.5% |
| Financial charges | 65/66B | €57 | €80 | +€23 | +40.4% |
| Recurring financial charges | 65 | €57 | €80 | +€23 | +40.4% |
| Profit (loss) for the period before taxes | 9903 | €17,213 | €28,905 | +€11,692 | +67.9% |
| Transfer from deferred taxes | 780 | €949 | €949 | = | 0.0% |
| Income taxes | 67/77 | €6,684 | €10,223 | +€3,539 | +52.9% |
| Profit (loss) for the period | 9904 | €11,478 | €19,631 | +€8,153 | +71.0% |
| Transfer from tax-exempt reserves | 789 | €2,846 | €2,846 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,324 | €22,477 | +€8,153 | +56.9% |
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 22 October 2026 via checked.be.