VM PRO TEAM: what changed
What changed
VM PRO TEAM
NACE 43.341, Painting of buildings
filed annual accounts (NBB)
Net result for the year
€107,454
2024 · €1,602+€105,852
Equity
€89,671
2024 · -€17,782+€107,454
Cash
€6,120
2024 · €1,277+€4,844
Balance sheet total
€577,967
2024 · €556,009+€21,958
Largest movements
Assets
- Receivables within one year +€43,862
up €43,862 (+30.3%), from €144,888 to €188,749
of which Trade receivables: +€39,778
- Tangible fixed assets -€28,331
down €28,331 (-9.1%), from €311,839 to €283,508
of which Land and buildings: -€16,225
Equity and liabilities
- Profit (loss) carried forward +€107,454
up €107,454 (+56.8%), from -€189,032 to -€81,579
- Debts after one year -€40,105
down €40,105 (-30.2%), from €132,980 to €92,875
- Other debts -€31,992
down €31,992 (-33.8%), from €94,536 to €62,544
- Short-term financial debts -€19,852
down €19,852 (-87.0%), from €22,816 to €2,964
- Trade debts +€14,185
up €14,185 (+5.4%), from €264,625 to €278,810
Income statement
- Write-downs -€69,449
no longer reported in 2025 (was €69,449)
- Gross operating margin +€66,272
up €66,272 (+30.2%), from €219,331 to €285,603
- Staff costs +€42,647
up €42,647 (+51.2%), from €83,305 to €125,952
- Depreciation -€5,558
down €5,558 (-15.7%), from €35,486 to €29,928
- Taxes -€3,979
down €3,979 (-79.6%), from €5,000 to €1,022
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.
Result 2024
€1,602
Gross operating margin
+€66,272
Staff costs
-€42,647
Depreciation
+€5,558
Write-downs
+€69,449
Other operating charges
+€493
Financial income
+€350
Financial charges
+€2,399
Taxes
+€3,979
Result 2025
€107,454
raises the resultlowers the result
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.
From operations
+€66,937
Investment
-€1,597
Financing
-€60,496
Cash 2024
€1,277
From operations (derived)
+€66,937
Net result for the year
+€107,454
Depreciation
+€29,928
Stocks and contracts
-€938
Receivables within one year
-€43,862
Deferred charges and accrued income
-€646
Trade debts
+€14,185
Tax, wage and social debts
-€7,193
Other debts
-€31,992
Investment (derived)
-€1,597
Investment in fixed assets (net)
-€1,597
Financing
-€60,496
Debts after one year
-€40,105
Current portion of long-term debt
-€539
Short-term financial debts
-€19,852
Cash 2025
€6,120
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €556,009 | €577,967 | +€21,958 | +3.9% |
| Fixed assets | 21/28 | €312,806 | €284,475 | -€28,331 | -9.1% |
| Tangible fixed assets | 22/27 | €311,839 | €283,508 | -€28,331 | -9.1% |
| Land and buildings | 22 | €267,423 | €251,198 | -€16,225 | -6.1% |
| Plant, machinery and equipment | 23 | €2,811 | €3,985 | +€1,174 | +41.8% |
| Furniture and vehicles | 24 | €15,545 | €10,210 | -€5,334 | -34.3% |
| Other tangible fixed assets | 26 | €26,060 | €18,114 | -€7,946 | -30.5% |
| Financial fixed assets | 28 | €967 | €967 | = | 0.0% |
| Current assets | 29/58 | €243,203 | €293,492 | +€50,289 | +20.7% |
| Stocks and contracts in progress | 3 | €92,255 | €93,193 | +€938 | +1.0% |
| Stocks | 30/36 | €92,255 | €93,193 | +€938 | +1.0% |
| Amounts receivable within one year | 40/41 | €144,888 | €188,749 | +€43,862 | +30.3% |
| Trade receivables | 40 | €143,287 | €183,064 | +€39,778 | +27.8% |
| Other amounts receivable | 41 | €1,601 | €5,685 | +€4,084 | +255% |
| Cash at bank and in hand | 54/58 | €1,277 | €6,120 | +€4,844 | +379% |
| Deferred charges and accrued income | 490/1 | €4,784 | €5,429 | +€646 | +13.5% |
| Total equity and liabilities | 10/49 | €556,009 | €577,967 | +€21,958 | +3.9% |
| Equity | 10/15 | -€17,782 | €89,671 | +€107,454 | |
| Contributions | 10/11 | €170,000 | €170,000 | = | 0.0% |
| Reserves | 13 | €1,250 | €1,250 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,250 | €1,250 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,250 | €1,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€189,032 | -€81,579 | +€107,454 | +56.8% |
| Amounts payable | 17/49 | €573,791 | €488,295 | -€85,496 | -14.9% |
| Amounts payable after more than one year | 17 | €132,980 | €92,875 | -€40,105 | -30.2% |
| Financial debts | 170/4 | €132,980 | €92,875 | -€40,105 | -30.2% |
| Amounts payable within one year | 42/48 | €440,812 | €395,421 | -€45,391 | -10.3% |
| Current portion of amounts payable after more than one year | 42 | €40,644 | €40,105 | -€539 | -1.3% |
| Financial debts | 43 | €22,816 | €2,964 | -€19,852 | -87.0% |
| Credit institutions | 430/8 | €22,816 | €2,964 | -€19,852 | -87.0% |
| Trade debts | 44 | €264,625 | €278,810 | +€14,185 | +5.4% |
| Suppliers | 440/4 | €264,625 | €278,810 | +€14,185 | +5.4% |
| Taxes, remuneration and social security | 45 | €18,192 | €10,999 | -€7,193 | -39.5% |
| Taxes | 450/3 | €10,188 | €2,559 | -€7,629 | -74.9% |
| Remuneration and social security | 454/9 | €8,004 | €8,440 | +€436 | +5.4% |
| Other amounts payable | 47/48 | €94,536 | €62,544 | -€31,992 | -33.8% |
| Remuneration, social security and pensions | 62 | €83,305 | €125,952 | +€42,647 | +51.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,486 | €29,928 | -€5,558 | -15.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €69,449 | - | -€69,449 | |
| Other operating charges | 640/8 | €9,145 | €8,653 | -€493 | -5.4% |
| Gross operating margin | 9900 | €219,331 | €285,603 | +€66,272 | +30.2% |
| Operating profit (loss) | 9901 | €21,946 | €121,070 | +€99,124 | +452% |
| Financial income | 75/76B | €6 | €356 | +€350 | +6,103% |
| Recurring financial income | 75 | €6 | €356 | +€350 | +6,103% |
| Financial charges | 65/66B | €15,349 | €12,951 | -€2,399 | -15.6% |
| Recurring financial charges | 65 | €15,349 | €12,951 | -€2,399 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | €6,603 | €108,476 | +€101,873 | +1,543% |
| Income taxes | 67/77 | €5,000 | €1,022 | -€3,979 | -79.6% |
| Profit (loss) for the period | 9904 | €1,602 | €107,454 | +€105,852 | +6,606% |
| Profit (loss) for the period to be appropriated | 9905 | €1,602 | €107,454 | +€105,852 | +6,606% |
Next steps
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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 7 November 2026 via checked.be.