VM Médical: what changed
VM Médical
Largest movements
- Cash +€83,945
up €83,945 (+101%), from €83,090 to €167,035
mainly Net result for the year (+€80,332) and Other debts (+€40,154)
- Tangible fixed assets -€17,271
down €17,271 (-21.2%), from €81,525 to €64,255
of which Furniture and vehicles: -€14,148
- Deferred charges and accrued income -€9,998
down €9,998 (-13.9%), from €72,007 to €62,008
- Receivables within one year +€7,683
up €7,683 (+47.0%), from €16,336 to €24,020
- Other debts +€40,154
up €40,154 (+378%), from €10,620 to €50,774
- Reserves +€35,499
up €35,499 (+19.8%), from €179,563 to €215,062
of which Non-distributable reserves: +€80,332
- Debts after one year -€11,342
down €11,342 (-38.7%), from €29,272 to €17,930
- Depreciation +€6,180
up €6,180 (+46.5%), from €13,281 to €19,461
- Gross operating margin +€2,763
up €2,763 (+2.1%), from €134,495 to €137,258
- Taxes -€1,834
down €1,834 (-5.1%), from €36,267 to €34,433
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €252,957 | €317,317 | +€64,360 | +25.4% |
| Fixed assets | 21/28 | €81,525 | €64,255 | -€17,271 | -21.2% |
| Tangible fixed assets | 22/27 | €81,525 | €64,255 | -€17,271 | -21.2% |
| Plant, machinery and equipment | 23 | €9,077 | €5,954 | -€3,123 | -34.4% |
| Furniture and vehicles | 24 | €69,904 | €55,756 | -€14,148 | -20.2% |
| Other tangible fixed assets | 26 | €2,544 | €2,544 | = | 0.0% |
| Current assets | 29/58 | €171,432 | €253,063 | +€81,630 | +47.6% |
| Amounts receivable within one year | 40/41 | €16,336 | €24,020 | +€7,683 | +47.0% |
| Other amounts receivable | 41 | €16,336 | €24,020 | +€7,683 | +47.0% |
| Cash at bank and in hand | 54/58 | €83,090 | €167,035 | +€83,945 | +101% |
| Deferred charges and accrued income | 490/1 | €72,007 | €62,008 | -€9,998 | -13.9% |
| Total equity and liabilities | 10/49 | €252,957 | €317,317 | +€64,360 | +25.4% |
| Equity | 10/15 | €198,163 | €233,662 | +€35,499 | +17.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €179,563 | €215,062 | +€35,499 | +19.8% |
| Non-distributable reserves | 130/1 | - | €80,332 | +€80,332 | |
| Legal reserve | 130 | - | €80,332 | +€80,332 | |
| Distributable reserves | 133 | €179,563 | €134,730 | -€44,834 | -25.0% |
| Amounts payable | 17/49 | €54,794 | €83,655 | +€28,861 | +52.7% |
| Amounts payable after more than one year | 17 | €29,272 | €17,930 | -€11,342 | -38.7% |
| Financial debts | 170/4 | €29,272 | €17,930 | -€11,342 | -38.7% |
| Amounts payable within one year | 42/48 | €25,523 | €65,650 | +€40,128 | +157% |
| Current portion of amounts payable after more than one year | 42 | €10,876 | €11,342 | +€466 | +4.3% |
| Trade debts | 44 | €1,077 | €585 | -€492 | -45.7% |
| Suppliers | 440/4 | €1,077 | €585 | -€492 | -45.7% |
| Taxes, remuneration and social security | 45 | €2,950 | €2,950 | = | 0.0% |
| Taxes | 450/3 | €2,950 | €2,950 | = | 0.0% |
| Other amounts payable | 47/48 | €10,620 | €50,774 | +€40,154 | +378% |
| Accrued charges and deferred income | 492/3 | - | €75 | +€75 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,281 | €19,461 | +€6,180 | +46.5% |
| Other operating charges | 640/8 | €1,757 | €1,843 | +€86 | +4.9% |
| Gross operating margin | 9900 | €134,495 | €137,258 | +€2,763 | +2.1% |
| Operating profit (loss) | 9901 | €119,457 | €115,954 | -€3,503 | -2.9% |
| Financial income | 75/76B | - | €585 | +€585 | |
| Recurring financial income | 75 | - | €585 | +€585 | |
| Financial charges | 65/66B | €1,960 | €1,773 | -€186 | -9.5% |
| Recurring financial charges | 65 | €1,960 | €1,773 | -€186 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | €117,497 | €114,766 | -€2,731 | -2.3% |
| Income taxes | 67/77 | €36,267 | €34,433 | -€1,834 | -5.1% |
| Profit (loss) for the period | 9904 | €81,229 | €80,332 | -€897 | -1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €81,229 | €80,332 | -€897 | -1.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.