V.M.G.: 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.G.
Largest movements
- Cash +€10,089
up €10,089 (+2,036%), from €496 to €10,585
mainly Net result for the year (+€11,271) and Depreciation (+€1,858)
- Tangible fixed assets -€1,858
down €1,858 (-41.7%), from €4,452 to €2,594
- Receivables within one year -€537
down €537 (-3.4%), from €15,610 to €15,073
- Profit (loss) carried forward +€11,271
up €11,271 (+190%), from €5,923 to €17,194
- Debts within one year -€3,577
down €3,577 (-30.5%), from €11,734 to €8,157
- Gross operating margin +€13,058
up €13,058 (+152%), from €8,601 to €21,659
- Taxes +€5,465
up €5,465 (+282%), from €1,935 to €7,400
From the 2012 result to the 2013 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 2012 and 2013 balance sheets and the 2013 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2012 | 2013 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,558 | €28,252 | +€7,694 | +37.4% |
| Fixed assets | 21/28 | €4,452 | €2,594 | -€1,858 | -41.7% |
| Tangible fixed assets | 22/27 | €4,452 | €2,594 | -€1,858 | -41.7% |
| Current assets | 29/58 | €16,105 | €25,658 | +€9,552 | +59.3% |
| Amounts receivable within one year | 40/41 | €15,610 | €15,073 | -€537 | -3.4% |
| Cash at bank and in hand | 54/58 | €496 | €10,585 | +€10,089 | +2,036% |
| Total equity and liabilities | 10/49 | €20,558 | €28,252 | +€7,694 | +37.4% |
| Equity | 10/15 | €8,823 | €20,094 | +€11,271 | +128% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €900 | €900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,923 | €17,194 | +€11,271 | +190% |
| Amounts payable | 17/49 | €11,734 | €8,157 | -€3,577 | -30.5% |
| Amounts payable within one year | 42/48 | €11,734 | €8,157 | -€3,577 | -30.5% |
| Trade debts | 44 | €163 | €650 | +€486 | +298% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,858 | €1,858 | +€0 | 0.0% |
| Gross operating margin | 9900 | €8,601 | €21,659 | +€13,058 | +152% |
| Operating profit (loss) | 9901 | €6,620 | €18,596 | +€11,976 | +181% |
| Recurring financial income | 75 | - | €76 | +€76 | |
| Recurring financial charges | 65 | €6 | - | -€6 | |
| Profit (loss) for the period before taxes | 9903 | €6,614 | €18,671 | +€12,057 | +182% |
| Income taxes | 67/77 | €1,935 | €7,400 | +€5,465 | +282% |
| Profit (loss) for the period | 9904 | €4,679 | €11,271 | +€6,592 | +141% |
| Profit (loss) for the period to be appropriated | 9905 | €4,679 | €11,271 | +€6,592 | +141% |
Source: filed annual accounts (NBB), financial years ended 31 December 2012 and 31 December 2013. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.