VM BUILDING SOLUTIONS: what changed
What changed
VM BUILDING SOLUTIONS
NACE 46.831, Wholesale of construction materials, general range
filed annual accounts (NBB)
Net result for the year
€19.2m
2024 · €21.3m-€2.0m
Equity
€41.5m
2024 · €39.7m+€1.7m
Cash
€891
2024 · €1,783-€891
Balance sheet total
€137.4m
2024 · €130.0m+€7.4m
Largest movements
Assets
- Receivables within one year +€6.1m
up €6.1m (+20.4%), from €30.1m to €36.2m
of which Other amounts receivable: +€7.6m
- Stocks and contracts +€3.2m
up €3.2m (+40.2%), from €8.0m to €11.2m
- Intangible fixed assets -€2.1m
down €2.1m (-13.8%), from €15.6m to €13.4m
Equity and liabilities
- Other debts +€11.0m
up €11.0m (+171%), from €6.5m to €17.5m
- Debts after one year -€10.0m
down €10.0m (-18.5%), from €54.2m to €44.2m
- Provisions +€6.1m
up €6.1m (+290%), from €2.1m to €8.1m
- Trade debts -€2.4m
down €2.4m (-9.8%), from €24.7m to €22.3m
- Profit (loss) carried forward +€1.7m
up €1.7m (+5.1%), from €34.5m to €36.2m
Income statement
- Turnover -€6.8m
down €6.8m (-3.7%), from €183.4m to €176.6m
- Provisions -€3.6m
down €3.6m, from €1.4m to -€2.3m
- Taxes +€2.3m
up €2.3m (+102%), from €2.3m to €4.6m
- Financial charges -€2.2m
down €2.2m (-26.9%), from €8.0m to €5.8m
of which Financial charges: -€2.1m
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.
Result 2024
€21.3m
Turnover
-€6.8m
Other operating income
+€1.5m
Goods and materials
+€1.3m
Services and other goods
-€471,956
Staff costs
-€282,400
Depreciation
+€15,287
Write-downs
-€157,543
Provisions
+€3.6m
Other operating charges
-€193,242
Other operating items
+€578,551
Financial income
-€1.0m
Financial charges
+€2.2m
Taxes
-€2.3m
Result 2025
€19.2m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€27.9m
Investment
-€402,639
Financing
-€27.5m
Cash 2024
€1,783
From operations (derived)
+€27.9m
Net result for the year
+€19.2m
Depreciation
+€2.5m
Stocks and contracts
-€3.2m
Receivables within one year
-€6.1m
Deferred charges and accrued income
-€198,859
Provisions
+€6.1m
Trade debts
-€2.4m
Tax, wage and social debts
+€893,982
Advances received
-€6,076
Other debts
+€11.0m
Accrued charges and deferred income
+€102,425
Investment (derived)
-€402,639
Investment in fixed assets (net)
-€402,639
Financing
-€27.5m
Debts after one year
-€10.0m
Contributions, distributions and other
-€17.5m
Cash 2025
€891
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €129,970,350 | €137,364,000 | +€7.4m | +5.7% |
| Fixed assets | 21/28 | €91,266,037 | €89,118,870 | -€2.1m | -2.4% |
| Intangible fixed assets | 21 | €15,561,071 | €13,414,251 | -€2.1m | -13.8% |
| Tangible fixed assets | 22/27 | €914,399 | €930,649 | +€16,250 | +1.8% |
| Plant, machinery and equipment | 23 | €165,794 | €109,360 | -€56,434 | -34.0% |
| Furniture and vehicles | 24 | €297,722 | €162,362 | -€135,359 | -45.5% |
| Other tangible fixed assets | 26 | €422,987 | €389,348 | -€33,640 | -8.0% |
| Assets under construction and advance payments | 27 | €27,896 | €269,579 | +€241,683 | +866% |
| Financial fixed assets | 28 | €74,790,566 | €74,773,970 | -€16,597 | 0.0% |
| Affiliated companies | 280/1 | €74,787,934 | €74,771,364 | -€16,570 | 0.0% |
| Participating interests | 280 | €74,787,934 | €74,771,364 | -€16,570 | 0.0% |
| Other financial fixed assets | 284/8 | €2,632 | €2,606 | -€26 | -1.0% |
| Amounts receivable and cash guarantees | 285/8 | €2,632 | €2,606 | -€26 | -1.0% |
| Current assets | 29/58 | €38,704,313 | €48,245,130 | +€9.5m | +24.7% |
| Stocks and contracts in progress | 3 | €8,004,839 | €11,218,977 | +€3.2m | +40.2% |
| Stocks | 30/36 | €8,004,839 | €11,218,977 | +€3.2m | +40.2% |
| Raw materials and consumables | 30/31 | €531,405 | €522,031 | -€9,374 | -1.8% |
| Goods purchased for resale | 34 | €7,473,434 | €10,696,946 | +€3.2m | +43.1% |
| Amounts receivable within one year | 40/41 | €30,079,264 | €36,207,974 | +€6.1m | +20.4% |
| Trade receivables | 40 | €29,935,215 | €28,430,583 | -€1.5m | -5.0% |
| Other amounts receivable | 41 | €144,049 | €7,777,391 | +€7.6m | +5,299% |
| Cash at bank and in hand | 54/58 | €1,783 | €891 | -€891 | -50.0% |
| Deferred charges and accrued income | 490/1 | €618,428 | €817,287 | +€198,859 | +32.2% |
| Total equity and liabilities | 10/49 | €129,970,350 | €137,364,000 | +€7.4m | +5.7% |
| Equity | 10/15 | €39,732,110 | €41,480,283 | +€1.7m | +4.4% |
| Contributions | 10/11 | €2,033,011 | €2,033,011 | = | 0.0% |
| Capital | 10 | €2,033,011 | €2,033,011 | = | 0.0% |
| Issued capital | 100 | €2,033,011 | €2,033,011 | = | 0.0% |
| Reserves | 13 | €3,232,690 | €3,232,690 | = | 0.0% |
| Non-distributable reserves | 130/1 | €203,301 | €203,301 | = | 0.0% |
| Legal reserve | 130 | €203,301 | €203,301 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,482,089 | €1,050,689 | -€1.4m | -57.7% |
| Distributable reserves | 133 | €547,300 | €1,978,700 | +€1.4m | +262% |
| Profit (loss) carried forward | 14 | €34,466,408 | €36,214,582 | +€1.7m | +5.1% |
| Provisions and deferred taxes | 16 | €2,088,248 | €8,140,644 | +€6.1m | +290% |
| Provisions for liabilities and charges | 160/5 | €2,088,248 | €8,140,644 | +€6.1m | +290% |
| Pensions and similar obligations | 160 | €157,296 | €64,324 | -€92,972 | -59.1% |
| Other liabilities and charges | 164/5 | €1,930,952 | €8,076,320 | +€6.1m | +318% |
| Amounts payable | 17/49 | €88,149,992 | €87,743,073 | -€406,920 | -0.5% |
| Amounts payable after more than one year | 17 | €54,175,557 | €44,175,557 | -€10.0m | -18.5% |
| Financial debts | 170/4 | €54,175,557 | €44,175,557 | -€10.0m | -18.5% |
| Credit institutions | 173 | €54,175,557 | €44,175,557 | -€10.0m | -18.5% |
| Amounts payable within one year | 42/48 | €33,624,399 | €43,115,055 | +€9.5m | +28.2% |
| Trade debts | 44 | €24,717,162 | €22,286,756 | -€2.4m | -9.8% |
| Suppliers | 440/4 | €24,717,162 | €22,286,756 | -€2.4m | -9.8% |
| Advances received on contracts in progress | 46 | €206,626 | €200,550 | -€6,076 | -2.9% |
| Taxes, remuneration and social security | 45 | €2,233,361 | €3,127,343 | +€893,982 | +40.0% |
| Taxes | 450/3 | €870,783 | €1,617,708 | +€746,925 | +85.8% |
| Remuneration and social security | 454/9 | €1,362,578 | €1,509,635 | +€147,057 | +10.8% |
| Other amounts payable | 47/48 | €6,467,251 | €17,500,405 | +€11.0m | +171% |
| Accrued charges and deferred income | 492/3 | €350,036 | €452,461 | +€102,425 | +29.3% |
| Operating income | 70/76A | €184,640,056 | €187,753,132 | +€3.1m | +1.7% |
| Turnover | 70 | €183,398,939 | €176,629,544 | -€6.8m | -3.7% |
| Other operating income | 74 | €1,140,325 | €2,613,815 | +€1.5m | +129% |
| Non-recurring operating income | 76A | €100,792 | €8,509,773 | +€8.4m | +8,343% |
| Operating charges | 60/66A | €164,144,238 | €168,093,244 | +€3.9m | +2.4% |
| Goods for resale, raw materials and consumables | 60 | €128,419,700 | €127,092,901 | -€1.3m | -1.0% |
| Purchases | 600/8 | €127,258,543 | €130,303,144 | +€3.0m | +2.4% |
| Change in stocks: decrease (increase) | 609 | €1,161,157 | -€3,210,243 | -€4.4m | |
| Services and other goods | 61 | €22,327,378 | €22,799,334 | +€471,956 | +2.1% |
| Remuneration, social security and pensions | 62 | €8,953,512 | €9,235,912 | +€282,400 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,565,093 | €2,549,805 | -€15,287 | -0.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€150,033 | €7,510 | +€157,543 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €1,357,780 | -€2,286,698 | -€3.6m | |
| Other operating charges | 640/8 | €86,882 | €280,124 | +€193,242 | +222% |
| Non-recurring operating charges | 66A | €583,927 | €8,414,357 | +€7.8m | +1,341% |
| Operating profit (loss) | 9901 | €20,495,818 | €19,659,887 | -€835,930 | -4.1% |
| Financial income | 75/76B | €11,026,187 | €9,979,843 | -€1.0m | -9.5% |
| Recurring financial income | 75 | €11,026,187 | €9,919,202 | -€1.1m | -10.0% |
| Income from financial fixed assets | 750 | €9,506,664 | €8,449,784 | -€1.1m | -11.1% |
| Other financial income | 752/9 | €1,519,523 | €1,469,418 | -€50,104 | -3.3% |
| Non-recurring financial income | 76B | - | €60,641 | +€60,641 | |
| Financial charges | 65/66B | €7,987,578 | €5,837,260 | -€2.2m | -26.9% |
| Recurring financial charges | 65 | €7,985,079 | €5,837,259 | -€2.1m | -26.9% |
| Debt charges | 650 | €4,806,152 | €2,662,784 | -€2.1m | -44.6% |
| Other financial charges | 652/9 | €3,178,928 | €3,174,474 | -€4,453 | -0.1% |
| Non-recurring financial charges | 66B | €2,499 | €1 | -€2,498 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €23,534,426 | €23,802,471 | +€268,045 | +1.1% |
| Income taxes | 67/77 | €2,258,373 | €4,554,297 | +€2.3m | +102% |
| Taxes | 670/3 | €2,258,373 | €4,554,297 | +€2.3m | +102% |
| Profit (loss) for the period | 9904 | €21,276,053 | €19,248,174 | -€2.0m | -9.5% |
| Transfer from tax-exempt reserves | 789 | €547,300 | €1,431,400 | +€884,100 | +162% |
| Transfer to tax-exempt reserves | 689 | €1,010,400 | - | -€1.0m | |
| Profit (loss) for the period to be appropriated | 9905 | €20,812,953 | €20,679,574 | -€133,380 | -0.6% |
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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 4 November 2026 via checked.be.