VM CASH & CARRY: what changed
VM CASH & CARRY
Largest movements
- Stocks and contracts +€250,110
up €250,110 (+178%), from €140,151 to €390,260
- Receivables within one year +€150,567
up €150,567 (+155%), from €96,906 to €247,473
of which Trade receivables: +€124,183
- Cash +€8,050
up €8,050 (+431%), from €1,867 to €9,917
mainly Net result for the year (+€173,951) and Trade debts (+€83,491)
- Reserves +€173,951
up €173,951 (+2,408%), from €7,222 to €181,173
- Trade debts +€83,491
up €83,491 (+95.9%), from €87,098 to €170,589
- Contributions +€69,700
up €69,700 (+53.5%), from €130,300 to €200,000
- Tax, wage and social debts +€60,693
up €60,693 (+3,254%), from €1,865 to €62,558
of which Taxes: +€50,885
- Other debts +€19,511
up €19,511 (+121%), from €16,126 to €35,637
- Gross operating margin +€248,773
up €248,773 (+2,579%), from €9,647 to €258,420
- Taxes +€49,921
up €49,921 (+2,808%), from €1,778 to €51,698
- Staff costs +€29,591
new in 2025: €29,591
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 | €242,611 | €649,957 | +€407,346 | +168% |
| Fixed assets | 21/28 | €3,687 | €1,981 | -€1,706 | -46.3% |
| Tangible fixed assets | 22/27 | €3,687 | €1,981 | -€1,706 | -46.3% |
| Plant, machinery and equipment | 23 | €1,329 | €863 | -€467 | -35.1% |
| Furniture and vehicles | 24 | €2,358 | €1,118 | -€1,240 | -52.6% |
| Current assets | 29/58 | €238,924 | €647,977 | +€409,052 | +171% |
| Stocks and contracts in progress | 3 | €140,151 | €390,260 | +€250,110 | +178% |
| Stocks | 30/36 | €140,151 | €390,260 | +€250,110 | +178% |
| Amounts receivable within one year | 40/41 | €96,906 | €247,473 | +€150,567 | +155% |
| Trade receivables | 40 | €85,886 | €210,069 | +€124,183 | +145% |
| Other amounts receivable | 41 | €11,021 | €37,405 | +€26,384 | +239% |
| Cash at bank and in hand | 54/58 | €1,867 | €9,917 | +€8,050 | +431% |
| Deferred charges and accrued income | 490/1 | - | €326 | +€326 | |
| Total equity and liabilities | 10/49 | €242,611 | €649,957 | +€407,346 | +168% |
| Equity | 10/15 | €137,522 | €381,173 | +€243,651 | +177% |
| Contributions | 10/11 | €130,300 | €200,000 | +€69,700 | +53.5% |
| Reserves | 13 | €7,222 | €181,173 | +€173,951 | +2,408% |
| Distributable reserves | 133 | €7,222 | €181,173 | +€173,951 | +2,408% |
| Amounts payable | 17/49 | €105,089 | €268,784 | +€163,695 | +156% |
| Amounts payable within one year | 42/48 | €105,089 | €268,784 | +€163,695 | +156% |
| Trade debts | 44 | €87,098 | €170,589 | +€83,491 | +95.9% |
| Suppliers | 440/4 | €87,098 | €170,589 | +€83,491 | +95.9% |
| Taxes, remuneration and social security | 45 | €1,865 | €62,558 | +€60,693 | +3,254% |
| Taxes | 450/3 | €1,865 | €52,750 | +€50,885 | +2,728% |
| Remuneration and social security | 454/9 | - | €9,808 | +€9,808 | |
| Other amounts payable | 47/48 | €16,126 | €35,637 | +€19,511 | +121% |
| Remuneration, social security and pensions | 62 | - | €29,591 | +€29,591 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €192 | €1,706 | +€1,514 | +787% |
| Other operating charges | 640/8 | €412 | €1,789 | +€1,377 | +334% |
| Gross operating margin | 9900 | €9,647 | €258,420 | +€248,773 | +2,579% |
| Operating profit (loss) | 9901 | €9,042 | €225,333 | +€216,290 | +2,392% |
| Financial income | 75/76B | €0 | €581 | +€581 | +1,936,967% |
| Recurring financial income | 75 | €0 | €581 | +€581 | +1,936,967% |
| Financial charges | 65/66B | €42 | €265 | +€222 | +524% |
| Recurring financial charges | 65 | €42 | €265 | +€222 | +524% |
| Profit (loss) for the period before taxes | 9903 | €9,000 | €225,649 | +€216,649 | +2,407% |
| Income taxes | 67/77 | €1,778 | €51,698 | +€49,921 | +2,808% |
| Profit (loss) for the period | 9904 | €7,222 | €173,951 | +€166,728 | +2,308% |
| Profit (loss) for the period to be appropriated | 9905 | €7,222 | €173,951 | +€166,728 | +2,308% |
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 4 November 2026 via checked.be.