VMCR: 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.
VMCR
Largest movements
- Receivables within one year +€77,164
up €77,164 (+62.7%), from €122,988 to €200,151
of which Trade receivables: +€52,059
- Cash +€19,643
up €19,643 (+202.4%), from €9,706 to €29,350
mainly Net result for the year (+€54,454) and Trade debts (+€26,476)
- Tangible fixed assets -€3,696
down €3,696 (-18.1%), from €20,457 to €16,762
of which Furniture and vehicles: -€2,402
- Reserves +€54,000
up €54,000 (+200.7%), from €26,900 to €80,900
of which Distributable reserves: +€54,000
- Trade debts +€26,476
new in 2024: €26,476
- Tax, wage and social debts +€9,143
up €9,143 (+28.4%), from €32,216 to €41,360
of which Taxes: +€9,049
- Debts after one year +€2,962
up €2,962 (+128.3%), from €2,310 to €5,272
- Current portion of long-term debt +€2,568
up €2,568 (+64.9%), from €3,959 to €6,527
- Turnover -€471,671
no longer reported in 2024 (was €471,671)
- Purchases and services -€422,244
no longer reported in 2024 (was €422,244)
- Gross operating margin +€42,273
up €42,273 (+85.2%), from €49,643 to €91,916
- Taxes +€11,299
up €11,299 (+78.5%), from €14,386 to €25,686
- Depreciation +€5,319
up €5,319 (+49.7%), from €10,699 to €16,019
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 | €154,074 | €249,252 | +€95,178 | +61.8% |
| Fixed assets | 21/28 | €21,380 | €17,684 | -€3,696 | -17.3% |
| Tangible fixed assets | 22/27 | €20,457 | €16,762 | -€3,696 | -18.1% |
| Plant, machinery and equipment | 23 | €3,443 | €2,149 | -€1,293 | -37.6% |
| Furniture and vehicles | 24 | €17,015 | €14,612 | -€2,402 | -14.1% |
| Financial fixed assets | 28 | €923 | €923 | = | 0.0% |
| Current assets | 29/58 | €132,694 | €231,568 | +€98,874 | +74.5% |
| Amounts receivable within one year | 40/41 | €122,988 | €200,151 | +€77,164 | +62.7% |
| Trade receivables | 40 | €3,338 | €55,396 | +€52,059 | +1559.8% |
| Other amounts receivable | 41 | €119,650 | €144,755 | +€25,105 | +21.0% |
| Cash at bank and in hand | 54/58 | €9,706 | €29,350 | +€19,643 | +202.4% |
| Deferred charges and accrued income | 490/1 | - | €2,067 | +€2,067 | |
| Total equity and liabilities | 10/49 | €154,074 | €249,252 | +€95,178 | +61.8% |
| Equity | 10/15 | €107,664 | €162,118 | +€54,454 | +50.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €26,900 | €80,900 | +€54,000 | +200.7% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €25,000 | €79,000 | +€54,000 | +216.0% |
| Profit (loss) carried forward | 14 | €74,564 | €75,018 | +€454 | +0.6% |
| Amounts payable | 17/49 | €46,410 | €87,134 | +€40,724 | +87.7% |
| Amounts payable after more than one year | 17 | €2,310 | €5,272 | +€2,962 | +128.3% |
| Financial debts | 170/4 | €2,310 | €5,272 | +€2,962 | +128.3% |
| Amounts payable within one year | 42/48 | €43,675 | €81,862 | +€38,187 | +87.4% |
| Current portion of amounts payable after more than one year | 42 | €3,959 | €6,527 | +€2,568 | +64.9% |
| Trade debts | 44 | - | €26,476 | +€26,476 | |
| Suppliers | 440/4 | - | €26,476 | +€26,476 | |
| Taxes, remuneration and social security | 45 | €32,216 | €41,360 | +€9,143 | +28.4% |
| Taxes | 450/3 | €30,636 | €39,686 | +€9,049 | +29.5% |
| Remuneration and social security | 454/9 | €1,580 | €1,674 | +€94 | +5.9% |
| Other amounts payable | 47/48 | €7,500 | €7,500 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €425 | - | -€425 | |
| Turnover | 70 | €471,671 | - | -€471,671 | |
| Goods, raw materials, services and sundry goods | 60/61 | €422,244 | - | -€422,244 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,699 | €16,019 | +€5,319 | +49.7% |
| Other operating charges | 640/8 | €3,707 | €2,158 | -€1,550 | -41.8% |
| Gross operating margin | 9900 | €49,643 | €91,916 | +€42,273 | +85.2% |
| Operating profit (loss) | 9901 | €35,236 | €73,739 | +€38,503 | +109.3% |
| Financial income | 75/76B | €4,866 | €7,370 | +€2,504 | +51.5% |
| Recurring financial income | 75 | €4,866 | €7,370 | +€2,504 | +51.5% |
| Financial charges | 65/66B | €277 | €970 | +€693 | +249.6% |
| Recurring financial charges | 65 | €277 | €970 | +€693 | +249.6% |
| Profit (loss) for the period before taxes | 9903 | €39,824 | €80,139 | +€40,315 | +101.2% |
| Income taxes | 67/77 | €14,386 | €25,686 | +€11,299 | +78.5% |
| Profit (loss) for the period | 9904 | €25,438 | €54,454 | +€29,016 | +114.1% |
| Profit (loss) for the period to be appropriated | 9905 | €25,438 | €54,454 | +€29,016 | +114.1% |
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 6 October 2026 via checked.be.