VM GESTION: 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 GESTION
Largest movements
- Cash +€183,720
up €183,720 (+26861.6%), from €684 to €184,404
mainly Net result for the year (+€179,753) and Tax, wage and social debts (+€17,950)
- Reserves +€179,500
new in 2025: €179,500
- Tax, wage and social debts +€17,950
new in 2025: €17,950
- Other debts -€15,374
no longer reported in 2025 (was €15,374)
- Financial income +€200,000
new in 2025: €200,000
- Taxes +€17,950
new in 2025: €17,950
- Gross operating margin -€287
down €287 (-32.8%), from -€875 to -€1,162
- Depreciation +€266
up €266 (+62.9%), from €422 to €688
- Other operating charges +€12
up €12 (+3.2%), from €387 to €400
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 | €13,637 | €196,670 | +€183,033 | +1342.2% |
| Fixed assets | 21/28 | €12,953 | €12,266 | -€688 | -5.3% |
| Intangible fixed assets | 21 | €953 | €266 | -€688 | -72.1% |
| Financial fixed assets | 28 | €12,000 | €12,000 | = | 0.0% |
| Current assets | 29/58 | €684 | €184,404 | +€183,720 | +26861.6% |
| Cash at bank and in hand | 54/58 | €684 | €184,404 | +€183,720 | +26861.6% |
| Total equity and liabilities | 10/49 | €13,637 | €196,670 | +€183,033 | +1342.2% |
| Equity | 10/15 | -€1,737 | €178,016 | +€179,753 | |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | - | €179,500 | +€179,500 | |
| Distributable reserves | 133 | - | €179,500 | +€179,500 | |
| Profit (loss) carried forward | 14 | -€1,738 | -€1,485 | +€253 | +14.5% |
| Amounts payable | 17/49 | €15,374 | €18,654 | +€3,280 | +21.3% |
| Amounts payable within one year | 42/48 | €15,374 | €18,654 | +€3,280 | +21.3% |
| Trade debts | 44 | - | €704 | +€704 | |
| Suppliers | 440/4 | - | €704 | +€704 | |
| Taxes, remuneration and social security | 45 | - | €17,950 | +€17,950 | |
| Taxes | 450/3 | - | €17,950 | +€17,950 | |
| Other amounts payable | 47/48 | €15,374 | - | -€15,374 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €422 | €688 | +€266 | +62.9% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€875 | -€1,162 | -€287 | -32.8% |
| Operating profit (loss) | 9901 | -€1,684 | -€2,249 | -€565 | -33.6% |
| Financial income | 75/76B | - | €200,000 | +€200,000 | |
| Recurring financial income | 75 | - | €200,000 | +€200,000 | |
| Financial charges | 65/66B | €54 | €48 | -€6 | -11.1% |
| Recurring financial charges | 65 | €54 | €48 | -€6 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,738 | €197,703 | +€199,441 | |
| Income taxes | 67/77 | - | €17,950 | +€17,950 | |
| Profit (loss) for the period | 9904 | -€1,738 | €179,753 | +€181,491 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,738 | €179,753 | +€181,491 |
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 6 October 2026 via checked.be.