VMB Ham: 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.
VMB Ham
Largest movements
- Receivables within one year -€326,799
down €326,799 (-89.8%), from €363,851 to €37,053
of which Trade receivables: -€320,493
- Stocks and contracts +€104,873
up €104,873 (+25.4%), from €412,759 to €517,633
- Cash -€92,229
down €92,229 (-91.1%), from €101,285 to €9,056
mainly Other debts (-€247,171) and Stocks and contracts (-€104,873)
- Other debts -€247,171
down €247,171 (-52.6%), from €470,203 to €223,032
- Profit (loss) carried forward -€32,441
down €32,441 (-27.1%), from €119,826 to €87,385
- Trade debts -€27,501
down €27,501 (-44.0%), from €62,550 to €35,049
- Gross operating margin -€331,811
down €331,811, from €300,539 to -€31,271
- Taxes -€45,369
down €45,369 (-100%), from €45,369 to €0
- Financial charges -€39,819
down €39,819 (-94.7%), from €42,037 to €2,218
- Financial income -€5,092
down €5,092 (-69.9%), from €7,289 to €2,197
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.
Derived cash bridge
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 | €877,896 | €563,741 | -€314,155 | -35.8% |
| Current assets | 29/58 | €877,896 | €563,741 | -€314,155 | -35.8% |
| Stocks and contracts in progress | 3 | €412,759 | €517,633 | +€104,873 | +25.4% |
| Stocks | 30/36 | €412,759 | €517,633 | +€104,873 | +25.4% |
| Amounts receivable within one year | 40/41 | €363,851 | €37,053 | -€326,799 | -89.8% |
| Trade receivables | 40 | €320,493 | €0 | -€320,493 | -100% |
| Other amounts receivable | 41 | €43,359 | €37,053 | -€6,306 | -14.5% |
| Cash at bank and in hand | 54/58 | €101,285 | €9,056 | -€92,229 | -91.1% |
| Total equity and liabilities | 10/49 | €877,896 | €563,741 | -€314,155 | -35.8% |
| Equity | 10/15 | €228,426 | €195,985 | -€32,441 | -14.2% |
| Contributions | 10/11 | €102,100 | €102,100 | = | 0.0% |
| Capital | 10 | €102,100 | €102,100 | = | 0.0% |
| Issued capital | 100 | €184,500 | €184,500 | = | 0.0% |
| Uncalled capital | 101 | €82,400 | €82,400 | = | 0.0% |
| Reserves | 13 | €6,500 | €6,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,500 | €6,500 | = | 0.0% |
| Legal reserve | 130 | €6,500 | €6,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €119,826 | €87,385 | -€32,441 | -27.1% |
| Amounts payable | 17/49 | €649,470 | €367,756 | -€281,714 | -43.4% |
| Amounts payable within one year | 42/48 | €585,165 | €303,450 | -€281,714 | -48.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €62,550 | €35,049 | -€27,501 | -44.0% |
| Suppliers | 440/4 | €62,550 | €35,049 | -€27,501 | -44.0% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €52,411 | €45,369 | -€7,042 | -13.4% |
| Taxes | 450/3 | €52,411 | €45,369 | -€7,042 | -13.4% |
| Other amounts payable | 47/48 | €470,203 | €223,032 | -€247,171 | -52.6% |
| Accrued charges and deferred income | 492/3 | €64,306 | €64,306 | = | 0.0% |
| Other operating charges | 640/8 | €968 | €1,148 | +€181 | +18.7% |
| Gross operating margin | 9900 | €300,539 | -€31,271 | -€331,811 | |
| Operating profit (loss) | 9901 | €299,572 | -€32,420 | -€331,991 | |
| Financial income | 75/76B | €7,289 | €2,197 | -€5,092 | -69.9% |
| Recurring financial income | 75 | €7,289 | €2,197 | -€5,092 | -69.9% |
| Financial charges | 65/66B | €42,037 | €2,218 | -€39,819 | -94.7% |
| Recurring financial charges | 65 | €42,037 | €2,218 | -€39,819 | -94.7% |
| Profit (loss) for the period before taxes | 9903 | €264,824 | -€32,441 | -€297,265 | |
| Income taxes | 67/77 | €45,369 | €0 | -€45,369 | -100% |
| Profit (loss) for the period | 9904 | €219,455 | -€32,441 | -€251,895 | |
| Profit (loss) for the period to be appropriated | 9905 | €219,455 | -€32,441 | -€251,895 |
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 17 October 2026 via checked.be.