VM Management Consulting: 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 Management Consulting
Largest movements
- Receivables within one year +€26,224
up €26,224 (+1,797%), from €1,459 to €27,684
of which Trade receivables: +€25,862
- Cash +€4,071
up €4,071 (+39.9%), from €10,195 to €14,266
mainly Net result for the year (+€30,748) and Depreciation (+€24,208)
- Tangible fixed assets -€1,705
down €1,705 (-2.5%), from €68,963 to €67,258
of which Furniture and vehicles: -€9,132
- Deferred charges and accrued income +€1,684
up €1,684 (+326%), from €516 to €2,200
- Other debts +€21,361
up €21,361 (+35.6%), from €59,956 to €81,317
- Profit (loss) carried forward +€4,949
up €4,949, from -€4,949 to €0
- Trade debts +€4,430
up €4,430 (+90.7%), from €4,885 to €9,315
- Reserves -€4,201
down €4,201 (-43.5%), from €9,655 to €5,454
- Tax, wage and social debts +€2,757
up €2,757 (+36.3%), from €7,587 to €10,344
of which Taxes: +€2,757
- Gross operating margin +€40,917
up €40,917 (+137%), from €29,840 to €70,757
- Taxes +€10,804
up €10,804 (+311%), from €3,474 to €14,278
- Depreciation +€3,986
up €3,986 (+19.7%), from €20,222 to €24,208
- Financial income -€839
down €839 (-100%), from €839 to €0
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 | €81,134 | €111,408 | +€30,274 | +37.3% |
| Fixed assets | 21/28 | €68,963 | €67,258 | -€1,705 | -2.5% |
| Tangible fixed assets | 22/27 | €68,963 | €67,258 | -€1,705 | -2.5% |
| Furniture and vehicles | 24 | €10,729 | €1,597 | -€9,132 | -85.1% |
| Other tangible fixed assets | 26 | €58,234 | €65,661 | +€7,427 | +12.8% |
| Current assets | 29/58 | €12,171 | €44,150 | +€31,979 | +263% |
| Amounts receivable within one year | 40/41 | €1,459 | €27,684 | +€26,224 | +1,797% |
| Trade receivables | 40 | €54 | €25,916 | +€25,862 | +47,734% |
| Other amounts receivable | 41 | €1,405 | €1,767 | +€362 | +25.8% |
| Cash at bank and in hand | 54/58 | €10,195 | €14,266 | +€4,071 | +39.9% |
| Deferred charges and accrued income | 490/1 | €516 | €2,200 | +€1,684 | +326% |
| Total equity and liabilities | 10/49 | €81,134 | €111,408 | +€30,274 | +37.3% |
| Equity | 10/15 | €8,707 | €9,454 | +€748 | +8.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €9,655 | €5,454 | -€4,201 | -43.5% |
| Distributable reserves | 133 | €9,655 | €5,454 | -€4,201 | -43.5% |
| Profit (loss) carried forward | 14 | -€4,949 | €0 | +€4,949 | |
| Amounts payable | 17/49 | €72,428 | €101,954 | +€29,526 | +40.8% |
| Amounts payable within one year | 42/48 | €72,428 | €100,976 | +€28,549 | +39.4% |
| Trade debts | 44 | €4,885 | €9,315 | +€4,430 | +90.7% |
| Suppliers | 440/4 | €4,885 | €9,315 | +€4,430 | +90.7% |
| Taxes, remuneration and social security | 45 | €7,587 | €10,344 | +€2,757 | +36.3% |
| Taxes | 450/3 | €7,587 | €10,344 | +€2,757 | +36.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €59,956 | €81,317 | +€21,361 | +35.6% |
| Accrued charges and deferred income | 492/3 | - | €977 | +€977 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,222 | €24,208 | +€3,986 | +19.7% |
| Other operating charges | 640/8 | €937 | €1,406 | +€468 | +50.0% |
| Gross operating margin | 9900 | €29,840 | €70,757 | +€40,917 | +137% |
| Operating profit (loss) | 9901 | €8,681 | €45,143 | +€36,463 | +420% |
| Financial income | 75/76B | €839 | €0 | -€839 | -100% |
| Recurring financial income | 75 | €839 | €0 | -€839 | -100% |
| Financial charges | 65/66B | €91 | €117 | +€27 | +29.6% |
| Recurring financial charges | 65 | €91 | €117 | +€27 | +29.6% |
| Profit (loss) for the period before taxes | 9903 | €9,429 | €45,026 | +€35,597 | +378% |
| Income taxes | 67/77 | €3,474 | €14,278 | +€10,804 | +311% |
| Profit (loss) for the period | 9904 | €5,955 | €30,748 | +€24,793 | +416% |
| Profit (loss) for the period to be appropriated | 9905 | €5,955 | €30,748 | +€24,793 | +416% |
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 21 October 2026 via checked.be.