VM DERMATO: what changed
Two fiscal 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 DERMATO
Largest movements
- Cash +€58,636
up €58,636 (+37.8%), from €155,109 to €213,745
mainly Net result for the year (+€47,014) and Other debts (+€40,852)
- Deferred charges and accrued income -€2,400
down €2,400 (-20.7%), from €11,617 to €9,217
- Other debts +€40,852
up €40,852 (+98.8%), from €41,358 to €82,209
- Accrued charges and deferred income +€13,417
up €13,417 (+261.8%), from €5,125 to €18,542
- Trade debts -€2,887
down €2,887 (-82.3%), from €3,507 to €620
- Gross operating margin +€8,558
up €8,558 (+16.0%), from €53,394 to €61,952
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.
Cash bridge derived
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 | €173,012 | €228,113 | +€55,101 | +31.8% |
| Fixed assets | 21/28 | €5,423 | €5,151 | -€272 | -5.0% |
| Tangible fixed assets | 22/27 | €5,423 | €5,151 | -€272 | -5.0% |
| Plant, machinery and equipment | 23 | €2,441 | €2,125 | -€316 | -12.9% |
| Furniture and vehicles | 24 | €2,982 | €3,026 | +€43 | +1.5% |
| Current assets | 29/58 | €167,588 | €222,962 | +€55,374 | +33.0% |
| Amounts receivable within one year | 40/41 | €862 | - | -€862 | |
| Other amounts receivable | 41 | €862 | - | -€862 | |
| Cash at bank and in hand | 54/58 | €155,109 | €213,745 | +€58,636 | +37.8% |
| Deferred charges and accrued income | 490/1 | €11,617 | €9,217 | -€2,400 | -20.7% |
| Total equity and liabilities | 10/49 | €173,012 | €228,113 | +€55,101 | +31.8% |
| Equity | 10/15 | €121,978 | €123,991 | +€2,014 | +1.7% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €115,000 | €117,000 | +€2,000 | +1.7% |
| Distributable reserves | 133 | €115,000 | €117,000 | +€2,000 | +1.7% |
| Profit (loss) carried forward | 14 | €978 | €991 | +€14 | +1.4% |
| Amounts payable | 17/49 | €51,034 | €104,122 | +€53,088 | +104.0% |
| Amounts payable within one year | 42/48 | €45,909 | €85,579 | +€39,671 | +86.4% |
| Trade debts | 44 | €3,507 | €620 | -€2,887 | -82.3% |
| Suppliers | 440/4 | €3,507 | €620 | -€2,887 | -82.3% |
| Taxes, remuneration and social security | 45 | €1,044 | €2,751 | +€1,706 | +163.4% |
| Taxes | 450/3 | €1,044 | €2,751 | +€1,706 | +163.4% |
| Other amounts payable | 47/48 | €41,358 | €82,209 | +€40,852 | +98.8% |
| Accrued charges and deferred income | 492/3 | €5,125 | €18,542 | +€13,417 | +261.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,057 | €1,209 | +€152 | +14.4% |
| Other operating charges | 640/8 | €726 | €704 | -€22 | -3.1% |
| Gross operating margin | 9900 | €53,394 | €61,952 | +€8,558 | +16.0% |
| Operating profit (loss) | 9901 | €51,612 | €60,040 | +€8,428 | +16.3% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €438 | €277 | -€161 | -36.8% |
| Recurring financial charges | 65 | €438 | €277 | -€161 | -36.8% |
| Profit (loss) for the period before taxes | 9903 | €51,173 | €59,764 | +€8,591 | +16.8% |
| Income taxes | 67/77 | €12,279 | €12,751 | +€471 | +3.8% |
| Profit (loss) for the period | 9904 | €38,894 | €47,014 | +€8,120 | +20.9% |
| Profit (loss) for the period to be appropriated | 9905 | €38,894 | €47,014 | +€8,120 | +20.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.