VM Bouw: 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.
VM Bouw
Largest movements
- Stocks and contracts +€9,011
new in 2025: €9,011
- Cash -€1,835
down €1,835 (-72.1%), from €2,546 to €711
mainly Stocks and contracts (-€9,011) and Investment in fixed assets (net) (-€3,049)
- Tangible fixed assets +€1,288
up €1,288 (+71.1%), from €1,811 to €3,099
- Receivables within one year -€701
down €701 (-6.1%), from €11,407 to €10,706
of which Other amounts receivable: -€1,733
- Deferred charges and accrued income -€467
down €467 (-42.1%), from €1,109 to €642
- Trade debts +€6,086
up €6,086 (+67.5%), from €9,015 to €15,101
- Other debts +€3,332
up €3,332 (+7.0%), from €47,930 to €51,262
- Profit (loss) carried forward -€1,656
down €1,656 (-2.8%), from -€60,054 to -€61,710
- Tax, wage and social debts -€465
down €465 (-33.7%), from €1,381 to €916
of which Remuneration and social security: -€472
- Gross operating margin -€8,322
down €8,322 (-59.2%), from €14,054 to €5,732
- Other operating charges +€3,243
up €3,243 (+234%), from €1,384 to €4,626
- Depreciation +€674
up €674 (+61.9%), from €1,087 to €1,761
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 | €16,873 | €24,169 | +€7,296 | +43.2% |
| Fixed assets | 21/28 | €1,811 | €3,099 | +€1,288 | +71.1% |
| Tangible fixed assets | 22/27 | €1,811 | €3,099 | +€1,288 | +71.1% |
| Furniture and vehicles | 24 | €1,811 | €3,099 | +€1,288 | +71.1% |
| Current assets | 29/58 | €15,062 | €21,070 | +€6,008 | +39.9% |
| Stocks and contracts in progress | 3 | - | €9,011 | +€9,011 | |
| Contracts in progress | 37 | - | €9,011 | +€9,011 | |
| Amounts receivable within one year | 40/41 | €11,407 | €10,706 | -€701 | -6.1% |
| Trade receivables | 40 | €7,901 | €8,933 | +€1,031 | +13.1% |
| Other amounts receivable | 41 | €3,506 | €1,773 | -€1,733 | -49.4% |
| Cash at bank and in hand | 54/58 | €2,546 | €711 | -€1,835 | -72.1% |
| Deferred charges and accrued income | 490/1 | €1,109 | €642 | -€467 | -42.1% |
| Total equity and liabilities | 10/49 | €16,873 | €24,169 | +€7,296 | +43.2% |
| Equity | 10/15 | -€41,454 | -€43,110 | -€1,656 | -4.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€60,054 | -€61,710 | -€1,656 | -2.8% |
| Amounts payable | 17/49 | €58,327 | €67,279 | +€8,952 | +15.3% |
| Amounts payable within one year | 42/48 | €58,327 | €67,279 | +€8,952 | +15.3% |
| Trade debts | 44 | €9,015 | €15,101 | +€6,086 | +67.5% |
| Suppliers | 440/4 | €9,015 | €15,101 | +€6,086 | +67.5% |
| Taxes, remuneration and social security | 45 | €1,381 | €916 | -€465 | -33.7% |
| Taxes | 450/3 | €823 | €829 | +€7 | +0.8% |
| Remuneration and social security | 454/9 | €559 | €87 | -€472 | -84.4% |
| Other amounts payable | 47/48 | €47,930 | €51,262 | +€3,332 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,087 | €1,761 | +€674 | +61.9% |
| Other operating charges | 640/8 | €1,384 | €4,626 | +€3,243 | +234% |
| Gross operating margin | 9900 | €14,054 | €5,732 | -€8,322 | -59.2% |
| Operating profit (loss) | 9901 | €11,582 | -€656 | -€12,238 | |
| Financial income | 75/76B | €5 | €0 | -€5 | -100% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -100% |
| Financial charges | 65/66B | €458 | €571 | +€113 | +24.7% |
| Recurring financial charges | 65 | €458 | €571 | +€113 | +24.7% |
| Profit (loss) for the period before taxes | 9903 | €11,129 | -€1,227 | -€12,356 | |
| Income taxes | 67/77 | €424 | €429 | +€5 | +1.2% |
| Profit (loss) for the period | 9904 | €10,705 | -€1,656 | -€12,361 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,705 | -€1,656 | -€12,361 |
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.