VM DISTRIBUTION: 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 DISTRIBUTION
Largest movements
- Cash +€18
up €18 (+138.5%), from €13 to €31
mainly Debts after one year (+€800)
- Debts after one year +€800
up €800 (+18.4%), from €4,340 to €5,140
- Profit (loss) carried forward -€782
down €782 (-7.4%), from -€10,527 to -€11,309
- Gross operating margin -€111
down €111 (-17.7%), from -€626 to -€737
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 | €13 | €31 | +€18 | +138.5% |
| Current assets | 29/58 | €13 | €31 | +€18 | +138.5% |
| Cash at bank and in hand | 54/58 | €13 | €31 | +€18 | +138.5% |
| Total equity and liabilities | 10/49 | €13 | €31 | +€18 | +138.5% |
| Equity | 10/15 | -€4,327 | -€5,109 | -€782 | -18.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,527 | -€11,309 | -€782 | -7.4% |
| Amounts payable | 17/49 | €4,340 | €5,140 | +€800 | +18.4% |
| Amounts payable after more than one year | 17 | €4,340 | €5,140 | +€800 | +18.4% |
| Other amounts payable | 178/9 | €4,340 | €5,140 | +€800 | +18.4% |
| Gross operating margin | 9900 | -€626 | -€737 | -€111 | -17.7% |
| Operating profit (loss) | 9901 | -€626 | -€737 | -€111 | -17.7% |
| Financial charges | 65/66B | €44 | €45 | +€1 | +2.3% |
| Recurring financial charges | 65 | €44 | €45 | +€1 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | -€670 | -€782 | -€112 | -16.7% |
| Profit (loss) for the period | 9904 | -€670 | -€782 | -€112 | -16.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€670 | -€782 | -€112 | -16.7% |
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 11 October 2026 via checked.be.