VMA-CONSTRUCT: 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.
VMA-CONSTRUCT
Largest movements
- Receivables within one year -€13,523
down €13,523 (-99.4%), from €13,599 to €76
of which Trade receivables: -€13,425
- Cash -€3,775
down €3,775 (-97.8%), from €3,861 to €85
mainly Trade debts (-€11,972) and Net result for the year (-€4,087)
- Trade debts -€11,972
down €11,972 (-86.8%), from €13,793 to €1,820
- Profit (loss) carried forward -€4,087
down €4,087 (-2.3%), from -€176,581 to -€180,668
- Other debts -€1,240
down €1,240 (-0.8%), from €165,112 to €163,872
- Gross operating margin +€11,964
up €11,964 (+79.0%), from -€15,142 to -€3,178
- Other operating charges -€6,923
down €6,923 (-92.1%), from €7,516 to €593
- Financial income -€172
down €172 (-100.0%), from €172 to €0
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 | €17,460 | €161 | -€17,299 | -99.1% |
| Current assets | 29/58 | €17,460 | €161 | -€17,299 | -99.1% |
| Amounts receivable within one year | 40/41 | €13,599 | €76 | -€13,523 | -99.4% |
| Trade receivables | 40 | €13,482 | €56 | -€13,425 | -99.6% |
| Other amounts receivable | 41 | €117 | €19 | -€98 | -83.5% |
| Cash at bank and in hand | 54/58 | €3,861 | €85 | -€3,775 | -97.8% |
| Total equity and liabilities | 10/49 | €17,460 | €161 | -€17,299 | -99.1% |
| Equity | 10/15 | -€161,581 | -€165,668 | -€4,087 | -2.5% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€176,581 | -€180,668 | -€4,087 | -2.3% |
| Amounts payable | 17/49 | €179,041 | €165,829 | -€13,212 | -7.4% |
| Amounts payable within one year | 42/48 | €179,041 | €165,829 | -€13,212 | -7.4% |
| Trade debts | 44 | €13,793 | €1,820 | -€11,972 | -86.8% |
| Suppliers | 440/4 | €13,793 | €1,820 | -€11,972 | -86.8% |
| Taxes, remuneration and social security | 45 | €137 | €137 | = | 0.0% |
| Taxes | 450/3 | €137 | €137 | = | 0.0% |
| Other amounts payable | 47/48 | €165,112 | €163,872 | -€1,240 | -0.8% |
| Other operating charges | 640/8 | €7,516 | €593 | -€6,923 | -92.1% |
| Gross operating margin | 9900 | -€15,142 | -€3,178 | +€11,964 | +79.0% |
| Operating profit (loss) | 9901 | -€22,658 | -€3,771 | +€18,887 | +83.4% |
| Financial income | 75/76B | €172 | €0 | -€172 | -100.0% |
| Recurring financial income | 75 | €172 | €0 | -€172 | -100.0% |
| Financial charges | 65/66B | €333 | €316 | -€17 | -5.0% |
| Recurring financial charges | 65 | €333 | €316 | -€17 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | -€22,819 | -€4,087 | +€18,732 | +82.1% |
| Profit (loss) for the period | 9904 | -€22,819 | -€4,087 | +€18,732 | +82.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,819 | -€4,087 | +€18,732 | +82.1% |
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 3 October 2026 via checked.be.