VM TASCO: 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 TASCO
Largest movements
- Tangible fixed assets +€17.4m
up €17.4m (+3878.3%), from €448,419 to €17.8m
of which Land and buildings: +€17.4m
- Receivables within one year +€516,240
up €516,240 (+3098.9%), from €16,659 to €532,898
of which Other amounts receivable: +€516,240
- Contributions +€22.0m
up €22.0m (+88000.0%), from €25,000 to €22.0m
- Profit (loss) carried forward -€2.5m
down €2.5m (-228.3%), from -€1.1m to -€3.7m
- Debts after one year -€1.5m
down €1.5m (-100.0%), from €1.5m to €0
- Other operating charges +€2.1m
up €2.1m (+51634.1%), from €4,121 to €2.1m
- Depreciation +€307,924
up €307,924 (+777.7%), from €39,593 to €347,517
- Gross operating margin -€95,136
down €95,136, from €5,651 to -€89,486
- Financial income +€29,151
up €29,151 (+444373.3%), from €7 to €29,157
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 | €469,510 | €18,466,779 | +€18.0m | +3833.2% |
| Fixed assets | 21/28 | €448,669 | €17,839,498 | +€17.4m | +3876.1% |
| Tangible fixed assets | 22/27 | €448,419 | €17,839,248 | +€17.4m | +3878.3% |
| Land and buildings | 22 | €408,815 | €17,790,674 | +€17.4m | +4251.8% |
| Furniture and vehicles | 24 | €28,199 | €37,169 | +€8,970 | +31.8% |
| Other tangible fixed assets | 26 | €11,405 | €11,405 | = | 0.0% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €20,841 | €627,281 | +€606,440 | +2909.9% |
| Amounts receivable within one year | 40/41 | €16,659 | €532,898 | +€516,240 | +3098.9% |
| Trade receivables | 40 | €4,935 | €4,935 | = | 0.0% |
| Other amounts receivable | 41 | €11,724 | €527,963 | +€516,240 | +4403.4% |
| Cash at bank and in hand | 54/58 | €3,336 | €93,445 | +€90,110 | +2701.2% |
| Deferred charges and accrued income | 490/1 | €846 | €937 | +€91 | +10.8% |
| Total equity and liabilities | 10/49 | €469,510 | €18,466,779 | +€18.0m | +3833.2% |
| Equity | 10/15 | -€1,087,758 | €18,371,840 | +€19.5m | |
| Contributions | 10/11 | €25,000 | €22,025,000 | +€22.0m | +88000.0% |
| Reserves | 13 | €0 | - | = | |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€1,112,758 | -€3,653,160 | -€2.5m | -228.3% |
| Provisions and deferred taxes | 16 | €16,073 | €16,073 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €16,073 | €16,073 | = | 0.0% |
| Pensions and similar obligations | 160 | €16,073 | €16,073 | = | 0.0% |
| Amounts payable | 17/49 | €1,541,194 | €78,866 | -€1.5m | -94.9% |
| Amounts payable after more than one year | 17 | €1,538,850 | €0 | -€1.5m | -100.0% |
| Other amounts payable | 178/9 | €1,538,850 | €0 | -€1.5m | -100.0% |
| Amounts payable within one year | 42/48 | €2,345 | €78,866 | +€76,521 | +3263.6% |
| Trade debts | 44 | €1,569 | €3,085 | +€1,515 | +96.5% |
| Suppliers | 440/4 | €1,569 | €3,085 | +€1,515 | +96.5% |
| Taxes, remuneration and social security | 45 | €775 | €781 | +€6 | +0.7% |
| Taxes | 450/3 | €775 | €781 | +€6 | +0.7% |
| Other amounts payable | 47/48 | - | €75,000 | +€75,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,593 | €347,517 | +€307,924 | +777.7% |
| Other operating charges | 640/8 | €4,121 | €2,132,201 | +€2.1m | +51634.1% |
| Gross operating margin | 9900 | €5,651 | -€89,486 | -€95,136 | |
| Operating profit (loss) | 9901 | -€38,064 | -€2,569,203 | -€2.5m | -6649.7% |
| Financial income | 75/76B | €7 | €29,157 | +€29,151 | +444373.3% |
| Recurring financial income | 75 | €7 | €29,157 | +€29,151 | +444373.3% |
| Financial charges | 65/66B | €187 | €356 | +€169 | +90.4% |
| Recurring financial charges | 65 | €187 | €356 | +€169 | +90.4% |
| Profit (loss) for the period before taxes | 9903 | -€38,244 | -€2,540,402 | -€2.5m | -6542.6% |
| Income taxes | 67/77 | €777 | €0 | -€777 | -100.0% |
| Profit (loss) for the period | 9904 | -€39,021 | -€2,540,402 | -€2.5m | -6410.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€39,021 | -€2,540,402 | -€2.5m | -6410.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.