VMC Schilderwerken: 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 Schilderwerken
Largest movements
- Receivables within one year +€15,967
up €15,967 (+307%), from €5,196 to €21,163
of which Other amounts receivable: +€11,057
- Cash +€8,843
up €8,843 (+150%), from €5,894 to €14,738
mainly Net result for the year (+€24,483) and Depreciation (+€5,920)
- Tangible fixed assets -€3,037
down €3,037 (-24.0%), from €12,640 to €9,603
of which Furniture and vehicles: -€3,184
- Deferred charges and accrued income +€861
up €861 (+798%), from €108 to €969
- Intangible fixed assets -€748
down €748 (-30.5%), from €2,456 to €1,707
- Profit (loss) carried forward +€24,483
up €24,483 (+3,593%), from €681 to €25,164
- Tax, wage and social debts +€5,164
up €5,164 (+91.7%), from €5,629 to €10,793
- Debts after one year -€4,922
down €4,922 (-59.3%), from €8,296 to €3,375
- Trade debts -€2,169
down €2,169 (-53.0%), from €4,095 to €1,926
- Other debts -€834
down €834 (-100%), from €834 to €0
- Gross operating margin +€18,557
up €18,557 (+87.7%), from €21,150 to €39,707
- Taxes +€4,885
up €4,885 (+165%), from €2,961 to €7,846
- Financial charges -€1,722
down €1,722 (-78.5%), from €2,194 to €472
- Other operating charges -€667
down €667 (-39.7%), from €1,679 to €1,012
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 | €26,294 | €48,180 | +€21,886 | +83.2% |
| Fixed assets | 21/28 | €15,096 | €11,310 | -€3,785 | -25.1% |
| Intangible fixed assets | 21 | €2,456 | €1,707 | -€748 | -30.5% |
| Tangible fixed assets | 22/27 | €12,640 | €9,603 | -€3,037 | -24.0% |
| Plant, machinery and equipment | 23 | €381 | €98 | -€283 | -74.2% |
| Furniture and vehicles | 24 | €12,259 | €9,075 | -€3,184 | -26.0% |
| Other tangible fixed assets | 26 | - | €430 | +€430 | |
| Current assets | 29/58 | €11,198 | €36,870 | +€25,672 | +229% |
| Amounts receivable within one year | 40/41 | €5,196 | €21,163 | +€15,967 | +307% |
| Trade receivables | 40 | €5,191 | €10,102 | +€4,910 | +94.6% |
| Other amounts receivable | 41 | €5 | €11,062 | +€11,057 | +245,722% |
| Cash at bank and in hand | 54/58 | €5,894 | €14,738 | +€8,843 | +150% |
| Deferred charges and accrued income | 490/1 | €108 | €969 | +€861 | +798% |
| Total equity and liabilities | 10/49 | €26,294 | €48,180 | +€21,886 | +83.2% |
| Equity | 10/15 | €2,681 | €27,164 | +€24,483 | +913% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €681 | €25,164 | +€24,483 | +3,593% |
| Amounts payable | 17/49 | €23,613 | €21,016 | -€2,596 | -11.0% |
| Amounts payable after more than one year | 17 | €8,296 | €3,375 | -€4,922 | -59.3% |
| Financial debts | 170/4 | €8,296 | €3,375 | -€4,922 | -59.3% |
| Amounts payable within one year | 42/48 | €15,316 | €17,641 | +€2,325 | +15.2% |
| Current portion of amounts payable after more than one year | 42 | €4,758 | €4,922 | +€164 | +3.4% |
| Trade debts | 44 | €4,095 | €1,926 | -€2,169 | -53.0% |
| Suppliers | 440/4 | €4,095 | €1,926 | -€2,169 | -53.0% |
| Taxes, remuneration and social security | 45 | €5,629 | €10,793 | +€5,164 | +91.7% |
| Taxes | 450/3 | €5,629 | €10,793 | +€5,164 | +91.7% |
| Other amounts payable | 47/48 | €834 | €0 | -€834 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,947 | €5,920 | -€27 | -0.5% |
| Other operating charges | 640/8 | €1,679 | €1,012 | -€667 | -39.7% |
| Non-recurring operating charges | 66A | €6,255 | €0 | -€6,255 | -100% |
| Gross operating margin | 9900 | €21,150 | €39,707 | +€18,557 | +87.7% |
| Operating profit (loss) | 9901 | €7,268 | €32,775 | +€25,507 | +351% |
| Financial income | 75/76B | €17 | €26 | +€9 | +55.0% |
| Recurring financial income | 75 | €17 | €26 | +€9 | +55.0% |
| Financial charges | 65/66B | €2,194 | €472 | -€1,722 | -78.5% |
| Recurring financial charges | 65 | €2,194 | €472 | -€1,722 | -78.5% |
| Profit (loss) for the period before taxes | 9903 | €5,091 | €32,328 | +€27,238 | +535% |
| Income taxes | 67/77 | €2,961 | €7,846 | +€4,885 | +165% |
| Profit (loss) for the period | 9904 | €2,130 | €24,483 | +€22,353 | +1,049% |
| Profit (loss) for the period to be appropriated | 9905 | €2,130 | €24,483 | +€22,353 | +1,049% |
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 26 October 2026 via checked.be.