VM SOINS: 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 SOINS
Largest movements
- Cash -€16,055
down €16,055 (-42.4%), from €37,861 to €21,805
mainly Other debts (-€22,910) and Debts after one year (-€14,830)
- Tangible fixed assets -€6,286
down €6,286 (-53.6%), from €11,726 to €5,440
- Receivables within one year -€4,209
down €4,209 (-33.7%), from €12,475 to €8,266
of which Trade receivables: -€4,129
- Other debts -€22,910
no longer reported in 2025 (was €22,910)
- Debts after one year -€14,830
no longer reported in 2025 (was €14,830)
- Current portion of long-term debt +€10,019
up €10,019, from €0 to €10,019
- Profit (loss) carried forward +€4,999
new in 2025: €4,999
- Tax, wage and social debts -€4,020
down €4,020 (-44.0%), from €9,132 to €5,113
of which Taxes: -€4,020
- Gross operating margin -€13,335
down €13,335 (-31.1%), from €42,939 to €29,605
- Taxes -€3,115
down €3,115 (-34.2%), from €9,113 to €5,997
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 | €62,549 | €36,031 | -€26,518 | -42.4% |
| Fixed assets | 21/28 | €11,726 | €5,440 | -€6,286 | -53.6% |
| Tangible fixed assets | 22/27 | €11,726 | €5,440 | -€6,286 | -53.6% |
| Furniture and vehicles | 24 | €11,726 | €5,440 | -€6,286 | -53.6% |
| Current assets | 29/58 | €50,823 | €30,591 | -€20,232 | -39.8% |
| Amounts receivable within one year | 40/41 | €12,475 | €8,266 | -€4,209 | -33.7% |
| Trade receivables | 40 | €11,892 | €7,763 | -€4,129 | -34.7% |
| Other amounts receivable | 41 | €583 | €503 | -€80 | -13.7% |
| Cash at bank and in hand | 54/58 | €37,861 | €21,805 | -€16,055 | -42.4% |
| Deferred charges and accrued income | 490/1 | €487 | €520 | +€32 | +6.7% |
| Total equity and liabilities | 10/49 | €62,549 | €36,031 | -€26,518 | -42.4% |
| Equity | 10/15 | €14,880 | €19,879 | +€4,999 | +33.6% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €11,380 | €11,380 | = | 0.0% |
| Distributable reserves | 133 | €11,380 | €11,380 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €4,999 | +€4,999 | |
| Amounts payable | 17/49 | €47,669 | €16,152 | -€31,517 | -66.1% |
| Amounts payable after more than one year | 17 | €14,830 | - | -€14,830 | |
| Financial debts | 170/4 | €14,830 | - | -€14,830 | |
| Amounts payable within one year | 42/48 | €32,838 | €16,152 | -€16,686 | -50.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | €10,019 | +€10,019 | |
| Trade debts | 44 | €796 | €1,021 | +€224 | +28.2% |
| Suppliers | 440/4 | €796 | €1,021 | +€224 | +28.2% |
| Taxes, remuneration and social security | 45 | €9,132 | €5,113 | -€4,020 | -44.0% |
| Taxes | 450/3 | €8,132 | €4,113 | -€4,020 | -49.4% |
| Remuneration and social security | 454/9 | €1,000 | €1,000 | = | 0.0% |
| Other amounts payable | 47/48 | €22,910 | - | -€22,910 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,286 | €6,286 | = | 0.0% |
| Gross operating margin | 9900 | €42,939 | €29,605 | -€13,335 | -31.1% |
| Operating profit (loss) | 9901 | €36,654 | €23,319 | -€13,335 | -36.4% |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €743 | €565 | -€178 | -24.0% |
| Recurring financial charges | 65 | €743 | €565 | -€178 | -24.0% |
| Profit (loss) for the period before taxes | 9903 | €35,911 | €22,761 | -€13,150 | -36.6% |
| Income taxes | 67/77 | €9,113 | €5,997 | -€3,115 | -34.2% |
| Profit (loss) for the period | 9904 | €26,798 | €16,764 | -€10,035 | -37.4% |
| Profit (loss) for the period to be appropriated | 9905 | €26,798 | €16,764 | -€10,035 | -37.4% |
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 9 October 2026 via checked.be.