VMB WES: 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 WES
Largest movements
- Stocks and contracts +€449,751
up €449,751 (+158%), from €283,910 to €733,662
- Other debts +€519,990
up €519,990 (+186%), from €279,599 to €799,590
- Trade debts -€56,638
down €56,638 (-51.6%), from €109,812 to €53,174
- Profit (loss) carried forward -€8,610
down €8,610 (-6.4%), from -€134,587 to -€143,197
- Gross operating margin -€2,077
down €2,077 (-67.0%), from -€3,100 to -€5,177
- Financial charges +€312
up €312 (+11.5%), from €2,722 to €3,033
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 | €316,324 | €771,066 | +€454,742 | +144% |
| Current assets | 29/58 | €316,324 | €771,066 | +€454,742 | +144% |
| Stocks and contracts in progress | 3 | €283,910 | €733,662 | +€449,751 | +158% |
| Stocks | 30/36 | €283,910 | €733,662 | +€449,751 | +158% |
| Amounts receivable within one year | 40/41 | €11,791 | €13,969 | +€2,178 | +18.5% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €11,791 | €13,969 | +€2,178 | +18.5% |
| Cash at bank and in hand | 54/58 | €20,623 | €23,435 | +€2,813 | +13.6% |
| Total equity and liabilities | 10/49 | €316,324 | €771,066 | +€454,742 | +144% |
| Equity | 10/15 | -€73,087 | -€81,697 | -€8,610 | -11.8% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€134,587 | -€143,197 | -€8,610 | -6.4% |
| Amounts payable | 17/49 | €389,411 | €852,763 | +€463,352 | +119% |
| Amounts payable within one year | 42/48 | €389,411 | €852,763 | +€463,352 | +119% |
| Trade debts | 44 | €109,812 | €53,174 | -€56,638 | -51.6% |
| Suppliers | 440/4 | €109,812 | €53,174 | -€56,638 | -51.6% |
| Other amounts payable | 47/48 | €279,599 | €799,590 | +€519,990 | +186% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€3,100 | -€5,177 | -€2,077 | -67.0% |
| Operating profit (loss) | 9901 | -€3,488 | -€5,577 | -€2,089 | -59.9% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €2,722 | €3,033 | +€312 | +11.5% |
| Recurring financial charges | 65 | €2,722 | €3,033 | +€312 | +11.5% |
| Profit (loss) for the period before taxes | 9903 | -€6,209 | -€8,610 | -€2,401 | -38.7% |
| Profit (loss) for the period | 9904 | -€6,209 | -€8,610 | -€2,401 | -38.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,209 | -€8,610 | -€2,401 | -38.7% |
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 22 October 2026 via checked.be.