VMC Metal Services: 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.
VMC Metal Services
Largest movements
- Cash -€300,787
down €300,787 (-51.5%), from €583,762 to €282,975
mainly Receivables within one year (-€291,832) and Investment in fixed assets (net) (-€119,555)
- Receivables within one year +€291,832
up €291,832 (+57.7%), from €505,921 to €797,753
of which Other amounts receivable: +€274,665
- Tangible fixed assets +€72,255
up €72,255 (+59.0%), from €122,556 to €194,811
of which Plant, machinery and equipment: +€60,148
- Stocks and contracts -€20,060
down €20,060 (-3.6%), from €564,150 to €544,090
- Profit (loss) carried forward +€147,721
up €147,721 (+22.6%), from €654,925 to €802,647
- Trade debts -€80,332
down €80,332 (-21.0%), from €383,430 to €303,098
- Gross operating margin -€48,891
down €48,891 (-10.0%), from €490,648 to €441,757
- Staff costs -€13,995
down €13,995 (-6.5%), from €215,960 to €201,965
- Taxes -€12,056
down €12,056 (-19.7%), from €61,082 to €49,026
- Other operating charges +€5,790
up €5,790 (+62.4%), from €9,281 to €15,071
- Financial income -€5,396
down €5,396 (-21.6%), from €24,941 to €19,545
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 | €1,786,889 | €1,834,989 | +€48,100 | +2.7% |
| Fixed assets | 21/28 | €126,669 | €198,939 | +€72,270 | +57.1% |
| Tangible fixed assets | 22/27 | €122,556 | €194,811 | +€72,255 | +59.0% |
| Land and buildings | 22 | €14,911 | €43,609 | +€28,698 | +192% |
| Plant, machinery and equipment | 23 | €66,145 | €126,293 | +€60,148 | +90.9% |
| Furniture and vehicles | 24 | €41,501 | €24,909 | -€16,591 | -40.0% |
| Financial fixed assets | 28 | €4,113 | €4,128 | +€15 | +0.4% |
| Current assets | 29/58 | €1,660,220 | €1,636,050 | -€24,170 | -1.5% |
| Stocks and contracts in progress | 3 | €564,150 | €544,090 | -€20,060 | -3.6% |
| Stocks | 30/36 | €564,150 | €544,090 | -€20,060 | -3.6% |
| Amounts receivable within one year | 40/41 | €505,921 | €797,753 | +€291,832 | +57.7% |
| Trade receivables | 40 | €464,436 | €481,604 | +€17,168 | +3.7% |
| Other amounts receivable | 41 | €41,485 | €316,149 | +€274,665 | +662% |
| Cash at bank and in hand | 54/58 | €583,762 | €282,975 | -€300,787 | -51.5% |
| Deferred charges and accrued income | 490/1 | €6,388 | €11,232 | +€4,845 | +75.8% |
| Total equity and liabilities | 10/49 | €1,786,889 | €1,834,989 | +€48,100 | +2.7% |
| Equity | 10/15 | €1,323,236 | €1,467,483 | +€144,247 | +10.9% |
| Contributions | 10/11 | €600,000 | €600,000 | = | 0.0% |
| Capital | 10 | €600,000 | €600,000 | = | 0.0% |
| Issued capital | 100 | €600,000 | €600,000 | = | 0.0% |
| Reserves | 13 | €62,176 | €61,265 | -€911 | -1.5% |
| Non-distributable reserves | 130/1 | €60,000 | €60,000 | = | 0.0% |
| Legal reserve | 130 | €60,000 | €60,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,176 | €1,265 | -€911 | -41.9% |
| Profit (loss) carried forward | 14 | €654,925 | €802,647 | +€147,721 | +22.6% |
| Investment grants | 15 | €6,135 | €3,572 | -€2,564 | -41.8% |
| Provisions and deferred taxes | 16 | €725 | €422 | -€304 | -41.9% |
| Deferred taxes | 168 | €725 | €422 | -€304 | -41.9% |
| Amounts payable | 17/49 | €462,928 | €367,084 | -€95,843 | -20.7% |
| Amounts payable after more than one year | 17 | €20,522 | €4,578 | -€15,944 | -77.7% |
| Financial debts | 170/4 | €20,522 | €4,578 | -€15,944 | -77.7% |
| Amounts payable within one year | 42/48 | €442,405 | €362,506 | -€79,900 | -18.1% |
| Current portion of amounts payable after more than one year | 42 | €22,747 | €15,944 | -€6,803 | -29.9% |
| Trade debts | 44 | €383,430 | €303,098 | -€80,332 | -21.0% |
| Suppliers | 440/4 | €383,430 | €303,098 | -€80,332 | -21.0% |
| Taxes, remuneration and social security | 45 | €36,229 | €43,464 | +€7,235 | +20.0% |
| Taxes | 450/3 | €21,836 | €32,390 | +€10,553 | +48.3% |
| Remuneration and social security | 454/9 | €14,393 | €11,075 | -€3,318 | -23.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €215,960 | €201,965 | -€13,995 | -6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,889 | €47,285 | +€3,396 | +7.7% |
| Other operating charges | 640/8 | €9,281 | €15,071 | +€5,790 | +62.4% |
| Gross operating margin | 9900 | €490,648 | €441,757 | -€48,891 | -10.0% |
| Operating profit (loss) | 9901 | €221,517 | €177,436 | -€44,082 | -19.9% |
| Financial income | 75/76B | €24,941 | €19,545 | -€5,396 | -21.6% |
| Recurring financial income | 75 | €24,941 | €19,545 | -€5,396 | -21.6% |
| Financial charges | 65/66B | €1,968 | €1,449 | -€519 | -26.4% |
| Recurring financial charges | 65 | €1,968 | €1,449 | -€519 | -26.4% |
| Profit (loss) for the period before taxes | 9903 | €244,491 | €195,533 | -€48,959 | -20.0% |
| Transfer from deferred taxes | 780 | €304 | €304 | = | 0.0% |
| Income taxes | 67/77 | €61,082 | €49,026 | -€12,056 | -19.7% |
| Profit (loss) for the period | 9904 | €183,713 | €146,810 | -€36,903 | -20.1% |
| Transfer from tax-exempt reserves | 789 | €911 | €911 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €184,624 | €147,721 | -€36,903 | -20.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.