VM Production: 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 Production
Largest movements
- Cash +€17,266
up €17,266 (+61.3%), from €28,156 to €45,422
mainly Net result for the year (+€23,079) and Tax, wage and social debts (+€5,103)
- Receivables within one year +€7,691
up €7,691 (+96.5%), from €7,971 to €15,661
of which Trade receivables: +€7,276
- Tangible fixed assets +€1,777
new in 2025: €1,777
- Profit (loss) carried forward +€21,579
up €21,579 (+112.1%), from €19,244 to €40,823
- Tax, wage and social debts +€5,103
up €5,103 (+44.9%), from €11,364 to €16,467
- Trade debts +€1,004
up €1,004 (+86.3%), from €1,163 to €2,167
- Other debts -€913
down €913 (-37.8%), from €2,413 to €1,500
- Gross operating margin +€6,105
up €6,105 (+25.1%), from €24,367 to €30,472
- Taxes +€1,526
up €1,526 (+29.8%), from €5,126 to €6,652
- Depreciation +€314
new in 2025: €314
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 | €36,183 | €62,956 | +€26,773 | +74.0% |
| Fixed assets | 21/28 | €56 | €1,833 | +€1,777 | +3146.5% |
| Tangible fixed assets | 22/27 | - | €1,777 | +€1,777 | |
| Other tangible fixed assets | 26 | - | €1,777 | +€1,777 | |
| Financial fixed assets | 28 | €56 | €56 | = | 0.0% |
| Current assets | 29/58 | €36,127 | €61,123 | +€24,996 | +69.2% |
| Amounts receivable within one year | 40/41 | €7,971 | €15,661 | +€7,691 | +96.5% |
| Trade receivables | 40 | €7,971 | €15,247 | +€7,276 | +91.3% |
| Other amounts receivable | 41 | - | €414 | +€414 | |
| Cash at bank and in hand | 54/58 | €28,156 | €45,422 | +€17,266 | +61.3% |
| Deferred charges and accrued income | 490/1 | - | €40 | +€40 | |
| Total equity and liabilities | 10/49 | €36,183 | €62,956 | +€26,773 | +74.0% |
| Equity | 10/15 | €21,244 | €42,823 | +€21,579 | +101.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,244 | €40,823 | +€21,579 | +112.1% |
| Amounts payable | 17/49 | €14,940 | €20,133 | +€5,194 | +34.8% |
| Amounts payable within one year | 42/48 | €14,940 | €20,133 | +€5,194 | +34.8% |
| Trade debts | 44 | €1,163 | €2,167 | +€1,004 | +86.3% |
| Suppliers | 440/4 | €1,163 | €2,167 | +€1,004 | +86.3% |
| Taxes, remuneration and social security | 45 | €11,364 | €16,467 | +€5,103 | +44.9% |
| Taxes | 450/3 | €11,364 | €16,467 | +€5,103 | +44.9% |
| Other amounts payable | 47/48 | €2,413 | €1,500 | -€913 | -37.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €314 | +€314 | |
| Other operating charges | 640/8 | - | €241 | +€241 | |
| Gross operating margin | 9900 | €24,367 | €30,472 | +€6,105 | +25.1% |
| Operating profit (loss) | 9901 | €24,367 | €29,918 | +€5,551 | +22.8% |
| Financial income | 75/76B | €77 | €4 | -€74 | -95.3% |
| Recurring financial income | 75 | €77 | €4 | -€74 | -95.3% |
| Financial charges | 65/66B | €75 | €191 | +€116 | +155.2% |
| Recurring financial charges | 65 | €75 | €191 | +€116 | +155.2% |
| Profit (loss) for the period before taxes | 9903 | €24,370 | €29,731 | +€5,361 | +22.0% |
| Income taxes | 67/77 | €5,126 | €6,652 | +€1,526 | +29.8% |
| Profit (loss) for the period | 9904 | €19,244 | €23,079 | +€3,835 | +19.9% |
| Profit (loss) for the period to be appropriated | 9905 | €19,244 | €23,079 | +€3,835 | +19.9% |
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 10 October 2026 via checked.be.