VM INDUSTRIAL CONSULTANCY: 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 INDUSTRIAL CONSULTANCY
Largest movements
- Cash +€92,909
up €92,909 (+44.6%), from €208,326 to €301,236
mainly Net result for the year (+€103,303) and Tax, wage and social debts (+€21,345)
- Tangible fixed assets -€17,571
down €17,571 (-31.2%), from €56,256 to €38,685
of which Furniture and vehicles: -€17,564
- Receivables within one year -€7,714
down €7,714 (-10.8%), from €71,255 to €63,541
of which Other amounts receivable: -€23,771
- Current investments +€6,000
up €6,000 (+14.8%), from €40,500 to €46,500
- Reserves +€55,893
up €55,893 (+17.1%), from €327,621 to €383,514
of which Distributable reserves: +€58,893
- Tax, wage and social debts +€21,345
up €21,345 (+146%), from €14,602 to €35,947
- Gross operating margin +€34,454
up €34,454 (+26.3%), from €131,159 to €165,612
- Taxes +€10,740
up €10,740 (+33.7%), from €31,899 to €42,639
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.
Derived cash bridge
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 | €376,337 | €449,962 | +€73,625 | +19.6% |
| Fixed assets | 21/28 | €56,256 | €38,685 | -€17,571 | -31.2% |
| Tangible fixed assets | 22/27 | €56,256 | €38,685 | -€17,571 | -31.2% |
| Plant, machinery and equipment | 23 | €4,141 | €4,134 | -€7 | -0.2% |
| Furniture and vehicles | 24 | €52,115 | €34,551 | -€17,564 | -33.7% |
| Current assets | 29/58 | €320,081 | €411,277 | +€91,196 | +28.5% |
| Amounts receivable within one year | 40/41 | €71,255 | €63,541 | -€7,714 | -10.8% |
| Trade receivables | 40 | €46,792 | €62,849 | +€16,058 | +34.3% |
| Other amounts receivable | 41 | €24,463 | €692 | -€23,771 | -97.2% |
| Current investments | 50/53 | €40,500 | €46,500 | +€6,000 | +14.8% |
| Cash at bank and in hand | 54/58 | €208,326 | €301,236 | +€92,909 | +44.6% |
| Total equity and liabilities | 10/49 | €376,337 | €449,962 | +€73,625 | +19.6% |
| Equity | 10/15 | €357,621 | €413,514 | +€55,893 | +15.6% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €327,621 | €383,514 | +€55,893 | +17.1% |
| Non-distributable reserves | 130/1 | €3,000 | - | -€3,000 | |
| Reserves not available under the articles | 1311 | €3,000 | - | -€3,000 | |
| Distributable reserves | 133 | €324,621 | €383,514 | +€58,893 | +18.1% |
| Amounts payable | 17/49 | €18,716 | €36,448 | +€17,731 | +94.7% |
| Amounts payable within one year | 42/48 | €18,716 | €36,448 | +€17,731 | +94.7% |
| Financial debts | 43 | €200 | €371 | +€171 | +85.5% |
| Credit institutions | 430/8 | €200 | €371 | +€171 | +85.5% |
| Trade debts | 44 | €3,914 | €130 | -€3,784 | -96.7% |
| Suppliers | 440/4 | €3,914 | €130 | -€3,784 | -96.7% |
| Taxes, remuneration and social security | 45 | €14,602 | €35,947 | +€21,345 | +146% |
| Taxes | 450/3 | €14,602 | €35,947 | +€21,345 | +146% |
| Non-recurring operating income | 76A | €2,500 | - | -€2,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,836 | €19,041 | +€205 | +1.1% |
| Other operating charges | 640/8 | €671 | €788 | +€117 | +17.4% |
| Gross operating margin | 9900 | €131,159 | €165,612 | +€34,454 | +26.3% |
| Operating profit (loss) | 9901 | €111,652 | €145,784 | +€34,131 | +30.6% |
| Financial income | 75/76B | €1,612 | €214 | -€1,398 | -86.7% |
| Recurring financial income | 75 | €1,612 | €214 | -€1,398 | -86.7% |
| Financial charges | 65/66B | €59 | €55 | -€4 | -6.3% |
| Recurring financial charges | 65 | €59 | €55 | -€4 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €113,205 | €145,942 | +€32,737 | +28.9% |
| Income taxes | 67/77 | €31,899 | €42,639 | +€10,740 | +33.7% |
| Profit (loss) for the period | 9904 | €81,306 | €103,303 | +€21,997 | +27.1% |
| Profit (loss) for the period to be appropriated | 9905 | €81,306 | €103,303 | +€21,997 | +27.1% |
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 27 October 2026 via checked.be.