VMC: 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.
VMC
Largest movements
- Tangible fixed assets +€53,783
new in 2024: €53,783
of which Other tangible fixed assets: +€48,351
- Deferred charges and accrued income -€27,730
no longer reported in 2024 (was €27,730)
- Receivables within one year +€24,586
up €24,586 (+21.3%), from €115,467 to €140,053
- Reserves +€27,330
up €27,330 (+28.3%), from €96,714 to €124,044
- Debts after one year +€17,372
up €17,372 (+81.1%), from €21,415 to €38,787
- Tax, wage and social debts +€4,986
up €4,986 (+30.1%), from €16,541 to €21,528
- Gross operating margin +€29,019
up €29,019 (+167.6%), from €17,312 to €46,331
- Depreciation +€3,390
up €3,390 (+132.7%), from €2,555 to €5,945
- Taxes +€2,905
up €2,905 (+42.0%), from €6,916 to €9,821
- Other operating charges -€2,162
down €2,162 (-75.6%), from €2,858 to €696
- Financial charges +€1,548
up €1,548 (+156.0%), from €992 to €2,541
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €146,457 | €197,311 | +€50,854 | +34.7% |
| Fixed assets | 21/28 | €1,738 | €54,466 | +€52,728 | +3033.5% |
| Intangible fixed assets | 21 | €1,738 | €683 | -€1,055 | -60.7% |
| Tangible fixed assets | 22/27 | - | €53,783 | +€53,783 | |
| Plant, machinery and equipment | 23 | - | €1,318 | +€1,318 | |
| Furniture and vehicles | 24 | - | €4,113 | +€4,113 | |
| Other tangible fixed assets | 26 | - | €48,351 | +€48,351 | |
| Current assets | 29/58 | €144,719 | €142,845 | -€1,874 | -1.3% |
| Amounts receivable within one year | 40/41 | €115,467 | €140,053 | +€24,586 | +21.3% |
| Other amounts receivable | 41 | €115,467 | €140,053 | +€24,586 | +21.3% |
| Cash at bank and in hand | 54/58 | €1,522 | €2,792 | +€1,270 | +83.4% |
| Deferred charges and accrued income | 490/1 | €27,730 | - | -€27,730 | |
| Total equity and liabilities | 10/49 | €146,457 | €197,311 | +€50,854 | +34.7% |
| Equity | 10/15 | €100,714 | €128,044 | +€27,330 | +27.1% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €96,714 | €124,044 | +€27,330 | +28.3% |
| Distributable reserves | 133 | €96,714 | €124,044 | +€27,330 | +28.3% |
| Amounts payable | 17/49 | €45,743 | €69,267 | +€23,524 | +51.4% |
| Amounts payable after more than one year | 17 | €21,415 | €38,787 | +€17,372 | +81.1% |
| Financial debts | 170/4 | €21,415 | €38,787 | +€17,372 | +81.1% |
| Amounts payable within one year | 42/48 | €24,329 | €30,480 | +€6,151 | +25.3% |
| Current portion of amounts payable after more than one year | 42 | €6,000 | €7,164 | +€1,164 | +19.4% |
| Trade debts | 44 | €1,787 | €1,788 | +€1 | +0.1% |
| Suppliers | 440/4 | €1,787 | €1,788 | +€1 | +0.1% |
| Taxes, remuneration and social security | 45 | €16,541 | €21,528 | +€4,986 | +30.1% |
| Taxes | 450/3 | €16,541 | €21,528 | +€4,986 | +30.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,555 | €5,945 | +€3,390 | +132.7% |
| Other operating charges | 640/8 | €2,858 | €696 | -€2,162 | -75.6% |
| Gross operating margin | 9900 | €17,312 | €46,331 | +€29,019 | +167.6% |
| Operating profit (loss) | 9901 | €11,899 | €39,690 | +€27,791 | +233.6% |
| Financial income | 75/76B | €3 | €2 | -€2 | -43.5% |
| Recurring financial income | 75 | €3 | €2 | -€2 | -43.5% |
| Financial charges | 65/66B | €992 | €2,541 | +€1,548 | +156.0% |
| Recurring financial charges | 65 | €992 | €2,541 | +€1,548 | +156.0% |
| Profit (loss) for the period before taxes | 9903 | €10,910 | €37,151 | +€26,241 | +240.5% |
| Income taxes | 67/77 | €6,916 | €9,821 | +€2,905 | +42.0% |
| Profit (loss) for the period | 9904 | €3,994 | €27,330 | +€23,336 | +584.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,994 | €27,330 | +€23,336 | +584.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.