V.M. TECHNICS: 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. TECHNICS
Largest movements
- Receivables within one year -€7,178
down €7,178 (-49.2%), from €14,589 to €7,410
of which Trade receivables: -€8,433
- Tangible fixed assets -€1,000
down €1,000 (-28.3%), from €3,529 to €2,529
- Deferred charges and accrued income -€270
down €270 (-17.0%), from €1,586 to €1,316
- Trade debts -€23,828
down €23,828 (-80.7%), from €29,519 to €5,692
- Profit (loss) carried forward +€19,127
up €19,127 (+21.7%), from -€87,979 to -€68,852
- Other debts -€6,994
down €6,994 (-16.1%), from €43,536 to €36,541
- Tax, wage and social debts +€3,414
up €3,414 (+42.7%), from €7,986 to €11,400
of which Remuneration and social security: +€3,693
- Turnover +€106,556
new in 2025: €106,556
- Purchases and services +€82,045
new in 2025: €82,045
- Gross operating margin +€34,139
up €34,139, from -€9,628 to €24,511
- Financial charges +€1,708
up €1,708 (+147.0%), from €1,162 to €2,870
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.
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €24,703 | €16,255 | -€8,448 | -34.2% |
| Fixed assets | 21/28 | €3,529 | €2,529 | -€1,000 | -28.3% |
| Tangible fixed assets | 22/27 | €3,529 | €2,529 | -€1,000 | -28.3% |
| Furniture and vehicles | 24 | €3,529 | €2,529 | -€1,000 | -28.3% |
| Current assets | 29/58 | €21,174 | €13,727 | -€7,448 | -35.2% |
| Stocks and contracts in progress | 3 | €5,000 | €5,000 | = | 0.0% |
| Stocks | 30/36 | €5,000 | €5,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €14,589 | €7,410 | -€7,178 | -49.2% |
| Trade receivables | 40 | €14,589 | €6,156 | -€8,433 | -57.8% |
| Other amounts receivable | 41 | - | €1,254 | +€1,254 | |
| Deferred charges and accrued income | 490/1 | €1,586 | €1,316 | -€270 | -17.0% |
| Total equity and liabilities | 10/49 | €24,703 | €16,255 | -€8,448 | -34.2% |
| Equity | 10/15 | -€66,802 | -€47,675 | +€19,127 | +28.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,577 | €2,577 | = | 0.0% |
| Non-distributable reserves | 130/1 | €771 | €771 | = | 0.0% |
| Reserves not available under the articles | 1311 | €771 | €771 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,806 | €1,806 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€87,979 | -€68,852 | +€19,127 | +21.7% |
| Amounts payable | 17/49 | €91,505 | €63,930 | -€27,575 | -30.1% |
| Amounts payable within one year | 42/48 | €91,505 | €63,930 | -€27,575 | -30.1% |
| Current portion of amounts payable after more than one year | 42 | €6,000 | €6,000 | = | 0.0% |
| Financial debts | 43 | €4,464 | €4,297 | -€166 | -3.7% |
| Credit institutions | 430/8 | €4,464 | €4,297 | -€166 | -3.7% |
| Trade debts | 44 | €29,519 | €5,692 | -€23,828 | -80.7% |
| Suppliers | 440/4 | €29,519 | €5,692 | -€23,828 | -80.7% |
| Taxes, remuneration and social security | 45 | €7,986 | €11,400 | +€3,414 | +42.7% |
| Taxes | 450/3 | €626 | €347 | -€279 | -44.6% |
| Remuneration and social security | 454/9 | €7,360 | €11,053 | +€3,693 | +50.2% |
| Other amounts payable | 47/48 | €43,536 | €36,541 | -€6,994 | -16.1% |
| Turnover | 70 | - | €106,556 | +€106,556 | |
| Non-recurring operating income | 76A | €4,132 | - | -€4,132 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €82,045 | +€82,045 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,250 | €1,000 | -€250 | -20.0% |
| Other operating charges | 640/8 | €1,270 | €1,168 | -€102 | -8.1% |
| Gross operating margin | 9900 | -€9,628 | €24,511 | +€34,139 | |
| Operating profit (loss) | 9901 | -€12,148 | €22,344 | +€34,491 | |
| Financial income | 75/76B | €392 | - | -€392 | |
| Recurring financial income | 75 | €392 | - | -€392 | |
| Financial charges | 65/66B | €1,162 | €2,870 | +€1,708 | +147.0% |
| Recurring financial charges | 65 | €1,162 | €2,870 | +€1,708 | +147.0% |
| Profit (loss) for the period before taxes | 9903 | -€12,918 | €19,474 | +€32,392 | |
| Income taxes | 67/77 | €331 | €347 | +€16 | +4.7% |
| Profit (loss) for the period | 9904 | -€13,249 | €19,127 | +€32,376 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,249 | €19,127 | +€32,376 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.