VM PEDIA: 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 PEDIA
Largest movements
- Cash +€39,318
up €39,318 (+196%), from €20,096 to €59,413
mainly Net result for the year (+€56,018) and Tax, wage and social debts (+€10,215)
- Receivables within one year +€25,067
new in 2025: €25,067
- Tangible fixed assets +€2,429
up €2,429 (+221%), from €1,101 to €3,530
- Profit (loss) carried forward +€56,018
new in 2025: €56,018
- Tax, wage and social debts +€10,215
up €10,215 (+164%), from €6,219 to €16,433
of which Taxes: +€10,173
- Accrued charges and deferred income +€1,668
new in 2025: €1,668
- Trade debts -€1,242
down €1,242 (-82.7%), from €1,501 to €260
- Gross operating margin +€55,894
up €55,894 (+355%), from €15,724 to €71,618
- Taxes +€10,173
up €10,173 (+232%), from €4,379 to €14,552
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 | €21,904 | €88,938 | +€67,034 | +306% |
| Fixed assets | 21/28 | €1,101 | €3,530 | +€2,429 | +221% |
| Tangible fixed assets | 22/27 | €1,101 | €3,530 | +€2,429 | +221% |
| Furniture and vehicles | 24 | €1,101 | €3,530 | +€2,429 | +221% |
| Current assets | 29/58 | €20,803 | €85,408 | +€64,606 | +311% |
| Amounts receivable within one year | 40/41 | - | €25,067 | +€25,067 | |
| Other amounts receivable | 41 | - | €25,067 | +€25,067 | |
| Cash at bank and in hand | 54/58 | €20,096 | €59,413 | +€39,318 | +196% |
| Deferred charges and accrued income | 490/1 | €707 | €928 | +€221 | +31.3% |
| Total equity and liabilities | 10/49 | €21,904 | €88,938 | +€67,034 | +306% |
| Equity | 10/15 | €14,147 | €70,165 | +€56,018 | +396% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €11,147 | €11,147 | = | 0.0% |
| Distributable reserves | 133 | €11,147 | €11,147 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €56,018 | +€56,018 | |
| Amounts payable | 17/49 | €7,757 | €18,773 | +€11,016 | +142% |
| Amounts payable within one year | 42/48 | €7,757 | €17,105 | +€9,348 | +121% |
| Trade debts | 44 | €1,501 | €260 | -€1,242 | -82.7% |
| Suppliers | 440/4 | €1,501 | €260 | -€1,242 | -82.7% |
| Taxes, remuneration and social security | 45 | €6,219 | €16,433 | +€10,215 | +164% |
| Taxes | 450/3 | €4,379 | €14,552 | +€10,173 | +232% |
| Remuneration and social security | 454/9 | €1,840 | €1,882 | +€42 | +2.3% |
| Other amounts payable | 47/48 | €37 | €412 | +€376 | +1,019% |
| Accrued charges and deferred income | 492/3 | - | €1,668 | +€1,668 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €198 | €782 | +€584 | +295% |
| Gross operating margin | 9900 | €15,724 | €71,618 | +€55,894 | +355% |
| Operating profit (loss) | 9901 | €15,526 | €70,836 | +€55,310 | +356% |
| Financial charges | 65/66B | - | €266 | +€266 | |
| Recurring financial charges | 65 | - | €266 | +€266 | |
| Profit (loss) for the period before taxes | 9903 | €15,526 | €70,570 | +€55,044 | +355% |
| Income taxes | 67/77 | €4,379 | €14,552 | +€10,173 | +232% |
| Profit (loss) for the period | 9904 | €11,147 | €56,018 | +€44,871 | +403% |
| Profit (loss) for the period to be appropriated | 9905 | €11,147 | €56,018 | +€44,871 | +403% |
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 19 October 2026 via checked.be.