V.M.P.: 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.P.
Largest movements
- Receivables within one year -€1,283
down €1,283 (-29.6%), from €4,331 to €3,048
of which Trade receivables: -€1,966
- Cash +€1,015
up €1,015 (+301%), from €337 to €1,352
mainly Other debts (+€14,486) and Trade debts (+€3,684)
- Other debts +€14,486
up €14,486 (+98.1%), from €14,766 to €29,252
- Profit (loss) carried forward -€13,828
down €13,828 (-41.6%), from -€33,260 to -€47,088
- Tax, wage and social debts -€4,087
no longer reported in 2025 (was €4,087)
- Trade debts +€3,684
up €3,684 (+176%), from €2,088 to €5,773
- Current portion of long-term debt -€523
down €523 (-7.5%), from €6,986 to €6,463
- Depreciation -€11,000
no longer reported in 2025 (was €11,000)
- Gross operating margin -€9,592
down €9,592, from €2,038 to -€7,554
- Taxes +€3,212
new in 2025: €3,212
- Financial charges +€2,904
up €2,904 (+30,573%), from €10 to €2,914
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 | €4,668 | €4,400 | -€268 | -5.7% |
| Current assets | 29/58 | €4,668 | €4,400 | -€268 | -5.7% |
| Amounts receivable within one year | 40/41 | €4,331 | €3,048 | -€1,283 | -29.6% |
| Trade receivables | 40 | €4,331 | €2,365 | -€1,966 | -45.4% |
| Other amounts receivable | 41 | - | €683 | +€683 | |
| Cash at bank and in hand | 54/58 | €337 | €1,352 | +€1,015 | +301% |
| Total equity and liabilities | 10/49 | €4,668 | €4,400 | -€268 | -5.7% |
| Equity | 10/15 | -€23,260 | -€37,088 | -€13,828 | -59.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,260 | -€47,088 | -€13,828 | -41.6% |
| Amounts payable | 17/49 | €27,928 | €41,487 | +€13,560 | +48.6% |
| Amounts payable within one year | 42/48 | €27,928 | €41,487 | +€13,560 | +48.6% |
| Current portion of amounts payable after more than one year | 42 | €6,986 | €6,463 | -€523 | -7.5% |
| Trade debts | 44 | €2,088 | €5,773 | +€3,684 | +176% |
| Suppliers | 440/4 | €2,088 | €5,773 | +€3,684 | +176% |
| Taxes, remuneration and social security | 45 | €4,087 | - | -€4,087 | |
| Taxes | 450/3 | €4,087 | - | -€4,087 | |
| Other amounts payable | 47/48 | €14,766 | €29,252 | +€14,486 | +98.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,000 | - | -€11,000 | |
| Other operating charges | 640/8 | €149 | €149 | = | 0.0% |
| Gross operating margin | 9900 | €2,038 | -€7,554 | -€9,592 | |
| Operating profit (loss) | 9901 | -€9,110 | -€7,702 | +€1,408 | +15.5% |
| Financial income | 75/76B | €5 | €0 | -€5 | -96.0% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -96.0% |
| Financial charges | 65/66B | €10 | €2,914 | +€2,904 | +30,573% |
| Recurring financial charges | 65 | €10 | €2,914 | +€2,904 | +30,573% |
| Profit (loss) for the period before taxes | 9903 | -€9,115 | -€10,616 | -€1,501 | -16.5% |
| Income taxes | 67/77 | - | €3,212 | +€3,212 | |
| Profit (loss) for the period | 9904 | -€9,115 | -€13,828 | -€4,713 | -51.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,115 | -€13,828 | -€4,713 | -51.7% |
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 14 October 2026 via checked.be.