VM Metaalconstructies: 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 Metaalconstructies
Largest movements
- Tangible fixed assets -€27,200
down €27,200 (-6.4%), from €423,344 to €396,145
of which Furniture and vehicles: -€49,646
- Receivables within one year +€24,024
up €24,024 (+26.6%), from €90,357 to €114,381
of which Trade receivables: +€27,461
- Cash -€24,017
down €24,017 (-6.8%), from €353,919 to €329,902
mainly Investment in fixed assets (net) (-€62,037) and Contributions, distributions and other (-€41,052)
- Reserves +€67,896
up €67,896 (+12.2%), from €554,517 to €622,413
- Debts after one year -€38,867
down €38,867 (-23.7%), from €163,895 to €125,028
- Current portion of long-term debt -€29,752
down €29,752 (-43.4%), from €68,619 to €38,867
- Trade debts -€25,615
down €25,615 (-65.3%), from €39,253 to €13,638
- Gross operating margin +€37,808
up €37,808 (+14.9%), from €253,513 to €291,320
- Taxes +€16,649
up €16,649 (+63.7%), from €26,130 to €42,779
- Staff costs -€8,617
down €8,617 (-18.0%), from €47,840 to €39,223
- Depreciation -€8,175
down €8,175 (-8.4%), from €97,411 to €89,236
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 | €867,621 | €840,428 | -€27,193 | -3.1% |
| Fixed assets | 21/28 | €423,344 | €396,145 | -€27,200 | -6.4% |
| Tangible fixed assets | 22/27 | €423,344 | €396,145 | -€27,200 | -6.4% |
| Land and buildings | 22 | €287,107 | €258,420 | -€28,686 | -10.0% |
| Plant, machinery and equipment | 23 | €30,744 | €81,877 | +€51,132 | +166.3% |
| Furniture and vehicles | 24 | €105,493 | €55,848 | -€49,646 | -47.1% |
| Current assets | 29/58 | €444,276 | €444,283 | +€7 | 0.0% |
| Amounts receivable within one year | 40/41 | €90,357 | €114,381 | +€24,024 | +26.6% |
| Trade receivables | 40 | €61,404 | €88,865 | +€27,461 | +44.7% |
| Other amounts receivable | 41 | €28,953 | €25,517 | -€3,437 | -11.9% |
| Cash at bank and in hand | 54/58 | €353,919 | €329,902 | -€24,017 | -6.8% |
| Total equity and liabilities | 10/49 | €867,621 | €840,428 | -€27,193 | -3.1% |
| Equity | 10/15 | €574,517 | €642,413 | +€67,896 | +11.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €554,517 | €622,413 | +€67,896 | +12.2% |
| Distributable reserves | 133 | €554,517 | €622,413 | +€67,896 | +12.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €293,104 | €198,015 | -€95,089 | -32.4% |
| Amounts payable after more than one year | 17 | €163,895 | €125,028 | -€38,867 | -23.7% |
| Financial debts | 170/4 | €163,895 | €125,028 | -€38,867 | -23.7% |
| Amounts payable within one year | 42/48 | €123,111 | €69,161 | -€53,950 | -43.8% |
| Current portion of amounts payable after more than one year | 42 | €68,619 | €38,867 | -€29,752 | -43.4% |
| Trade debts | 44 | €39,253 | €13,638 | -€25,615 | -65.3% |
| Suppliers | 440/4 | €39,253 | €13,638 | -€25,615 | -65.3% |
| Advances received on contracts in progress | 46 | - | €2,060 | +€2,060 | |
| Taxes, remuneration and social security | 45 | €7,605 | €12,596 | +€4,991 | +65.6% |
| Taxes | 450/3 | €221 | €2,279 | +€2,057 | +929.3% |
| Remuneration and social security | 454/9 | €7,384 | €10,318 | +€2,934 | +39.7% |
| Other amounts payable | 47/48 | €7,633 | €2,000 | -€5,633 | -73.8% |
| Accrued charges and deferred income | 492/3 | €6,098 | €3,826 | -€2,272 | -37.3% |
| Remuneration, social security and pensions | 62 | €47,840 | €39,223 | -€8,617 | -18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,411 | €89,236 | -€8,175 | -8.4% |
| Other operating charges | 640/8 | €7,750 | €8,376 | +€625 | +8.1% |
| Gross operating margin | 9900 | €253,513 | €291,320 | +€37,808 | +14.9% |
| Operating profit (loss) | 9901 | €100,511 | €154,485 | +€53,974 | +53.7% |
| Financial income | 75/76B | €1,424 | €2,787 | +€1,363 | +95.8% |
| Recurring financial income | 75 | €1,424 | €2,787 | +€1,363 | +95.8% |
| Financial charges | 65/66B | €6,908 | €5,545 | -€1,363 | -19.7% |
| Recurring financial charges | 65 | €6,908 | €5,545 | -€1,363 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | €95,026 | €151,727 | +€56,701 | +59.7% |
| Income taxes | 67/77 | €26,130 | €42,779 | +€16,649 | +63.7% |
| Profit (loss) for the period | 9904 | €68,896 | €108,948 | +€40,052 | +58.1% |
| Profit (loss) for the period to be appropriated | 9905 | €68,896 | €108,948 | +€40,052 | +58.1% |
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 4 October 2026 via checked.be.