VIMEG: 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.
VIMEG
Largest movements
- Tangible fixed assets +€470,365
up €470,365 (+60.4%), from €778,785 to €1.2m
of which Furniture and vehicles: +€521,499
- Cash -€121,574
down €121,574 (-32.5%), from €374,607 to €253,033
mainly Investment in fixed assets (net) (-€664,873) and Receivables within one year (-€25,992)
- Receivables within one year +€25,992
up €25,992, from €0 to €25,992
- Debts after one year +€150,551
up €150,551 (+30.6%), from €492,782 to €643,333
- Reserves +€81,067
up €81,067 (+1,122%), from €7,225 to €88,293
of which Tax-exempt reserves: +€81,067
- Profit (loss) carried forward +€74,005
up €74,005 (+75.0%), from -€98,665 to -€24,660
- Current portion of long-term debt +€47,595
up €47,595 (+66.2%), from €71,854 to €119,449
- Provisions +€27,022
new in 2026: €27,022
- Gross operating margin +€190,230
up €190,230 (+92.6%), from €205,473 to €395,703
- Depreciation +€105,987
up €105,987 (+120%), from €88,521 to €194,508
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,159,832 | €1,529,765 | +€369,933 | +31.9% |
| Fixed assets | 21/28 | €778,785 | €1,249,150 | +€470,365 | +60.4% |
| Tangible fixed assets | 22/27 | €778,785 | €1,249,150 | +€470,365 | +60.4% |
| Land and buildings | 22 | €610,335 | €580,455 | -€29,881 | -4.9% |
| Plant, machinery and equipment | 23 | €90,875 | €69,622 | -€21,253 | -23.4% |
| Furniture and vehicles | 24 | €77,575 | €599,074 | +€521,499 | +672% |
| Current assets | 29/58 | €381,046 | €280,615 | -€100,432 | -26.4% |
| Amounts receivable within one year | 40/41 | €0 | €25,992 | +€25,992 | |
| Trade receivables | 40 | €0 | €25,992 | +€25,992 | |
| Cash at bank and in hand | 54/58 | €374,607 | €253,033 | -€121,574 | -32.5% |
| Deferred charges and accrued income | 490/1 | €6,439 | €1,589 | -€4,850 | -75.3% |
| Total equity and liabilities | 10/49 | €1,159,832 | €1,529,765 | +€369,933 | +31.9% |
| Equity | 10/15 | €523,301 | €678,373 | +€155,072 | +29.6% |
| Contributions | 10/11 | €614,740 | €614,740 | = | 0.0% |
| Reserves | 13 | €7,225 | €88,293 | +€81,067 | +1,122% |
| Tax-exempt reserves | 132 | - | €81,067 | +€81,067 | |
| Distributable reserves | 133 | €7,225 | €7,225 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€98,665 | -€24,660 | +€74,005 | +75.0% |
| Provisions and deferred taxes | 16 | - | €27,022 | +€27,022 | |
| Deferred taxes | 168 | - | €27,022 | +€27,022 | |
| Amounts payable | 17/49 | €636,531 | €824,369 | +€187,838 | +29.5% |
| Amounts payable after more than one year | 17 | €492,782 | €643,333 | +€150,551 | +30.6% |
| Financial debts | 170/4 | €492,782 | €643,333 | +€150,551 | +30.6% |
| Amounts payable within one year | 42/48 | €143,749 | €181,036 | +€37,287 | +25.9% |
| Current portion of amounts payable after more than one year | 42 | €71,854 | €119,449 | +€47,595 | +66.2% |
| Trade debts | 44 | €13,299 | €1,789 | -€11,510 | -86.5% |
| Suppliers | 440/4 | €13,299 | €1,789 | -€11,510 | -86.5% |
| Taxes, remuneration and social security | 45 | €13,915 | €20,675 | +€6,759 | +48.6% |
| Taxes | 450/3 | €10,995 | €17,742 | +€6,747 | +61.4% |
| Remuneration and social security | 454/9 | €2,920 | €2,932 | +€12 | +0.4% |
| Other amounts payable | 47/48 | €44,681 | €39,124 | -€5,557 | -12.4% |
| Non-recurring operating income | 76A | €26,388 | €130,000 | +€103,612 | +393% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,521 | €194,508 | +€105,987 | +120% |
| Other operating charges | 640/8 | €2,791 | €2,696 | -€96 | -3.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €205,473 | €395,703 | +€190,230 | +92.6% |
| Operating profit (loss) | 9901 | €114,160 | €198,499 | +€84,339 | +73.9% |
| Financial charges | 65/66B | €13,674 | €16,404 | +€2,730 | +20.0% |
| Recurring financial charges | 65 | €13,674 | €16,404 | +€2,730 | +20.0% |
| Profit (loss) for the period before taxes | 9903 | €100,486 | €182,095 | +€81,609 | +81.2% |
| Transfer from deferred taxes | 780 | - | €5,478 | +€5,478 | |
| Transfer to deferred taxes | 680 | - | €32,500 | +€32,500 | |
| Profit (loss) for the period | 9904 | €100,486 | €155,072 | +€54,586 | +54.3% |
| Transfer from tax-exempt reserves | 789 | - | €16,433 | +€16,433 | |
| Transfer to tax-exempt reserves | 689 | - | €97,500 | +€97,500 | |
| Profit (loss) for the period to be appropriated | 9905 | €100,486 | €74,005 | -€26,481 | -26.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.