VMB-IT: 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.
VMB-IT
Largest movements
- Cash +€86,825
up €86,825 (+569.9%), from €15,236 to €102,061
mainly Net result for the year (+€124,274) and Tax, wage and social debts (+€52,946)
- Receivables within one year +€48,961
up €48,961 (+128.5%), from €38,107 to €87,068
of which Trade receivables: +€35,284
- Tangible fixed assets -€7,806
down €7,806 (-2.0%), from €387,441 to €379,635
of which Land and buildings: -€10,988
- Reserves +€82,703
up €82,703 (+31.2%), from €265,138 to €347,841
- Tax, wage and social debts +€52,946
up €52,946 (+426.1%), from €12,427 to €65,373
- Debts after one year -€45,198
down €45,198 (-35.8%), from €126,397 to €81,199
- Profit (loss) carried forward +€31,433
no longer reported in 2025 (was -€31,433)
- Gross operating margin +€197,770
up €197,770, from -€11,453 to €186,317
- Taxes +€42,671
up €42,671 (+19191.0%), from €222 to €42,894
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 | €483,761 | €610,173 | +€126,412 | +26.1% |
| Fixed assets | 21/28 | €424,227 | €417,421 | -€6,806 | -1.6% |
| Tangible fixed assets | 22/27 | €387,441 | €379,635 | -€7,806 | -2.0% |
| Land and buildings | 22 | €384,793 | €373,805 | -€10,988 | -2.9% |
| Plant, machinery and equipment | 23 | €150 | €67 | -€83 | -55.5% |
| Furniture and vehicles | 24 | €2,497 | €5,763 | +€3,266 | +130.8% |
| Financial fixed assets | 28 | €36,786 | €37,786 | +€1,000 | +2.7% |
| Current assets | 29/58 | €59,535 | €192,752 | +€133,217 | +223.8% |
| Amounts receivable within one year | 40/41 | €38,107 | €87,068 | +€48,961 | +128.5% |
| Trade receivables | 40 | €34,549 | €69,833 | +€35,284 | +102.1% |
| Other amounts receivable | 41 | €3,559 | €17,235 | +€13,677 | +384.3% |
| Cash at bank and in hand | 54/58 | €15,236 | €102,061 | +€86,825 | +569.9% |
| Deferred charges and accrued income | 490/1 | €6,191 | €3,622 | -€2,569 | -41.5% |
| Total equity and liabilities | 10/49 | €483,761 | €610,173 | +€126,412 | +26.1% |
| Equity | 10/15 | €252,305 | €366,441 | +€114,137 | +45.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €265,138 | €347,841 | +€82,703 | +31.2% |
| Distributable reserves | 133 | €265,138 | €347,841 | +€82,703 | +31.2% |
| Profit (loss) carried forward | 14 | -€31,433 | - | +€31,433 | |
| Amounts payable | 17/49 | €231,457 | €243,731 | +€12,275 | +5.3% |
| Amounts payable after more than one year | 17 | €126,397 | €81,199 | -€45,198 | -35.8% |
| Financial debts | 170/4 | €126,397 | €81,199 | -€45,198 | -35.8% |
| Amounts payable within one year | 42/48 | €105,060 | €162,533 | +€57,473 | +54.7% |
| Current portion of amounts payable after more than one year | 42 | €44,346 | €45,198 | +€853 | +1.9% |
| Financial debts | 43 | €38,720 | €38,720 | = | 0.0% |
| Other loans | 439 | €38,720 | €38,720 | = | 0.0% |
| Trade debts | 44 | €7,180 | €10,744 | +€3,564 | +49.6% |
| Suppliers | 440/4 | €7,180 | €10,744 | +€3,564 | +49.6% |
| Taxes, remuneration and social security | 45 | €12,427 | €65,373 | +€52,946 | +426.1% |
| Taxes | 450/3 | €12,427 | €65,373 | +€52,946 | +426.1% |
| Other amounts payable | 47/48 | €2,388 | €2,498 | +€110 | +4.6% |
| Non-recurring operating income | 76A | €32,579 | - | -€32,579 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,941 | €13,281 | -€659 | -4.7% |
| Other operating charges | 640/8 | €118 | €870 | +€752 | +637.1% |
| Gross operating margin | 9900 | -€11,453 | €186,317 | +€197,770 | |
| Operating profit (loss) | 9901 | -€25,512 | €172,166 | +€197,678 | |
| Financial income | 75/76B | €119 | €326 | +€207 | +173.4% |
| Recurring financial income | 75 | €119 | €326 | +€207 | +173.4% |
| Financial charges | 65/66B | €5,818 | €5,325 | -€494 | -8.5% |
| Recurring financial charges | 65 | €5,818 | €5,325 | -€494 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | -€31,211 | €167,167 | +€198,378 | |
| Income taxes | 67/77 | €222 | €42,894 | +€42,671 | +19191.0% |
| Profit (loss) for the period | 9904 | -€31,433 | €124,274 | +€155,707 | |
| Profit (loss) for the period to be appropriated | 9905 | -€31,433 | €124,274 | +€155,707 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.