VM Technieken: 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 Technieken
Largest movements
- Cash +€76,215
up €76,215 (+45.8%), from €166,258 to €242,473
mainly Net result for the year (+€104,688) and Advances received (+€20,412)
- Receivables within one year +€41,393
up €41,393 (+43.5%), from €95,157 to €136,549
of which Trade receivables: +€35,718
- Tangible fixed assets -€9,262
down €9,262 (-23.5%), from €39,376 to €30,114
of which Plant, machinery and equipment: -€7,598
- Reserves +€104,650
up €104,650 (+79.3%), from €132,000 to €236,650
- Advances received +€20,412
new in 2025: €20,412
- Debts after one year -€13,828
down €13,828 (-39.4%), from €35,141 to €21,313
- Tax, wage and social debts -€9,500
down €9,500 (-30.0%), from €31,668 to €22,168
of which Taxes: -€28,871
- Profit (loss) carried forward -€7,105
down €7,105 (-12.9%), from €55,173 to €48,067
- Gross operating margin +€51,849
up €51,849 (+43.8%), from €118,478 to €170,328
- Taxes -€13,801
down €13,801 (-22.5%), from €61,307 to €47,506
- Other operating charges -€5,562
down €5,562 (-60.6%), from €9,182 to €3,620
- Depreciation +€2,491
up €2,491 (+26.1%), from €9,558 to €12,050
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 | €304,561 | €409,581 | +€105,020 | +34.5% |
| Fixed assets | 21/28 | €39,376 | €30,114 | -€9,262 | -23.5% |
| Tangible fixed assets | 22/27 | €39,376 | €30,114 | -€9,262 | -23.5% |
| Plant, machinery and equipment | 23 | €27,890 | €20,293 | -€7,598 | -27.2% |
| Furniture and vehicles | 24 | €11,486 | €9,821 | -€1,665 | -14.5% |
| Current assets | 29/58 | €265,185 | €379,467 | +€114,282 | +43.1% |
| Stocks and contracts in progress | 3 | €3,771 | €0 | -€3,771 | -100.0% |
| Stocks | 30/36 | €3,771 | €0 | -€3,771 | -100.0% |
| Amounts receivable within one year | 40/41 | €95,157 | €136,549 | +€41,393 | +43.5% |
| Trade receivables | 40 | €57,399 | €93,117 | +€35,718 | +62.2% |
| Other amounts receivable | 41 | €37,758 | €43,432 | +€5,675 | +15.0% |
| Cash at bank and in hand | 54/58 | €166,258 | €242,473 | +€76,215 | +45.8% |
| Deferred charges and accrued income | 490/1 | - | €445 | +€445 | |
| Total equity and liabilities | 10/49 | €304,561 | €409,581 | +€105,020 | +34.5% |
| Equity | 10/15 | €193,373 | €290,917 | +€97,545 | +50.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €132,000 | €236,650 | +€104,650 | +79.3% |
| Distributable reserves | 133 | €132,000 | €236,650 | +€104,650 | +79.3% |
| Profit (loss) carried forward | 14 | €55,173 | €48,067 | -€7,105 | -12.9% |
| Amounts payable | 17/49 | €111,189 | €118,664 | +€7,475 | +6.7% |
| Amounts payable after more than one year | 17 | €35,141 | €21,313 | -€13,828 | -39.4% |
| Financial debts | 170/4 | €35,141 | €21,313 | -€13,828 | -39.4% |
| Amounts payable within one year | 42/48 | €76,048 | €97,351 | +€21,303 | +28.0% |
| Current portion of amounts payable after more than one year | 42 | €13,502 | €15,958 | +€2,456 | +18.2% |
| Trade debts | 44 | €30,878 | €33,814 | +€2,936 | +9.5% |
| Suppliers | 440/4 | €30,878 | €33,814 | +€2,936 | +9.5% |
| Advances received on contracts in progress | 46 | - | €20,412 | +€20,412 | |
| Taxes, remuneration and social security | 45 | €31,668 | €22,168 | -€9,500 | -30.0% |
| Taxes | 450/3 | €31,668 | €2,796 | -€28,871 | -91.2% |
| Remuneration and social security | 454/9 | - | €19,371 | +€19,371 | |
| Other amounts payable | 47/48 | €0 | €5,000 | +€5,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,558 | €12,050 | +€2,491 | +26.1% |
| Other operating charges | 640/8 | €9,182 | €3,620 | -€5,562 | -60.6% |
| Gross operating margin | 9900 | €118,478 | €170,328 | +€51,849 | +43.8% |
| Operating profit (loss) | 9901 | €99,738 | €154,658 | +€54,920 | +55.1% |
| Financial income | 75/76B | €27 | €15 | -€13 | -46.4% |
| Recurring financial income | 75 | €27 | €15 | -€13 | -46.4% |
| Financial charges | 65/66B | €2,091 | €2,479 | +€388 | +18.6% |
| Recurring financial charges | 65 | €2,091 | €2,479 | +€388 | +18.6% |
| Profit (loss) for the period before taxes | 9903 | €97,674 | €152,194 | +€54,520 | +55.8% |
| Income taxes | 67/77 | €61,307 | €47,506 | -€13,801 | -22.5% |
| Profit (loss) for the period | 9904 | €36,367 | €104,688 | +€68,321 | +187.9% |
| Profit (loss) for the period to be appropriated | 9905 | €36,367 | €104,688 | +€68,321 | +187.9% |
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 9 October 2026 via checked.be.