VCM MOTORS: what changed
VCM MOTORS
Largest movements
- Cash -€1,782
down €1,782 (-12.0%), from €14,855 to €13,074
mainly Net result for the year (-€2,627) and Deferred charges and accrued income (-€186)
- Receivables within one year -€783
down €783 (-81.0%), from €967 to €184
- Deferred charges and accrued income +€186
new in 2025: €186
- Profit (loss) carried forward -€2,627
down €2,627 (-49.2%), from -€5,345 to -€7,972
- Trade debts +€248
new in 2025: €248
- Financial charges -€1,495
down €1,495 (-88.7%), from €1,685 to €190
of which Financial charges: -€1,449
- Gross operating margin -€1,261
down €1,261 (-119%), from -€1,056 to -€2,317
- Depreciation -€1,250
no longer reported in 2025 (was €1,250)
- Other operating charges -€1,233
down €1,233 (-91.1%), from €1,353 to €120
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,822 | €13,444 | -€2,379 | -15.0% |
| Current assets | 29/58 | €15,822 | €13,444 | -€2,379 | -15.0% |
| Amounts receivable within one year | 40/41 | €967 | €184 | -€783 | -81.0% |
| Other amounts receivable | 41 | €967 | €184 | -€783 | -81.0% |
| Cash at bank and in hand | 54/58 | €14,855 | €13,074 | -€1,782 | -12.0% |
| Deferred charges and accrued income | 490/1 | - | €186 | +€186 | |
| Total equity and liabilities | 10/49 | €15,822 | €13,444 | -€2,379 | -15.0% |
| Equity | 10/15 | €4,655 | €2,028 | -€2,627 | -56.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,345 | -€7,972 | -€2,627 | -49.2% |
| Amounts payable | 17/49 | €11,167 | €11,415 | +€248 | +2.2% |
| Amounts payable within one year | 42/48 | €11,167 | €11,415 | +€248 | +2.2% |
| Trade debts | 44 | - | €248 | +€248 | |
| Suppliers | 440/4 | - | €248 | +€248 | |
| Other amounts payable | 47/48 | €11,167 | €11,167 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,250 | - | -€1,250 | |
| Other operating charges | 640/8 | €1,353 | €120 | -€1,233 | -91.1% |
| Gross operating margin | 9900 | -€1,056 | -€2,317 | -€1,261 | -119% |
| Operating profit (loss) | 9901 | -€3,659 | -€2,437 | +€1,222 | +33.4% |
| Financial charges | 65/66B | €1,685 | €190 | -€1,495 | -88.7% |
| Recurring financial charges | 65 | €1,639 | €190 | -€1,449 | -88.4% |
| Non-recurring financial charges | 66B | €46 | - | -€46 | |
| Profit (loss) for the period before taxes | 9903 | -€5,345 | -€2,627 | +€2,718 | +50.8% |
| Profit (loss) for the period | 9904 | -€5,345 | -€2,627 | +€2,718 | +50.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,345 | -€2,627 | +€2,718 | +50.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.