VMCV CONSULT: 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.
VMCV CONSULT
Largest movements
- Cash +€18,137
up €18,137 (+49.2%), from €36,883 to €55,020
mainly Receivables within one year (+€11,010) and Net result for the year (+€9,366)
No liability line moved by more than 1% of the balance sheet total.
- Financial income +€4,064
up €4,064 (+17.6%), from €23,053 to €27,116
- Financial charges -€3,792
down €3,792 (-68.8%), from €5,515 to €1,723
- Gross operating margin -€3,387
down €3,387 (-76.3%), from -€4,441 to -€7,829
- Other operating charges +€549
up €549 (+32.9%), from €1,669 to €2,219
- Depreciation -€298
down €298 (-17.5%), from €1,701 to €1,403
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 | €1,236,561 | €1,248,054 | +€11,493 | +0.9% |
| Fixed assets | 21/28 | €12,235 | €10,832 | -€1,403 | -11.5% |
| Tangible fixed assets | 22/27 | €8,235 | €6,832 | -€1,403 | -17.0% |
| Land and buildings | 22 | €670 | €335 | -€335 | -50.0% |
| Furniture and vehicles | 24 | €7,565 | €6,497 | -€1,068 | -14.1% |
| Financial fixed assets | 28 | €4,000 | €4,000 | = | 0.0% |
| Current assets | 29/58 | €1,224,326 | €1,237,222 | +€12,896 | +1.1% |
| Amounts receivable within one year | 40/41 | €35,517 | €24,506 | -€11,010 | -31.0% |
| Trade receivables | 40 | €30,058 | €20,500 | -€9,558 | -31.8% |
| Other amounts receivable | 41 | €5,459 | €4,006 | -€1,452 | -26.6% |
| Current investments | 50/53 | €1,151,927 | €1,156,058 | +€4,131 | +0.4% |
| Cash at bank and in hand | 54/58 | €36,883 | €55,020 | +€18,137 | +49.2% |
| Deferred charges and accrued income | 490/1 | - | €1,638 | +€1,638 | |
| Total equity and liabilities | 10/49 | €1,236,561 | €1,248,054 | +€11,493 | +0.9% |
| Equity | 10/15 | €1,216,986 | €1,226,352 | +€9,366 | +0.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,198,386 | €1,207,752 | +€9,366 | +0.8% |
| Distributable reserves | 133 | €1,198,386 | €1,207,752 | +€9,366 | +0.8% |
| Amounts payable | 17/49 | €19,575 | €21,702 | +€2,127 | +10.9% |
| Amounts payable within one year | 42/48 | €19,575 | €20,414 | +€839 | +4.3% |
| Trade debts | 44 | €360 | €1,638 | +€1,278 | +355% |
| Suppliers | 440/4 | €360 | €1,638 | +€1,278 | +355% |
| Taxes, remuneration and social security | 45 | €1,623 | €0 | -€1,623 | -100% |
| Taxes | 450/3 | €1,623 | €0 | -€1,623 | -100% |
| Other amounts payable | 47/48 | €17,592 | €18,776 | +€1,184 | +6.7% |
| Accrued charges and deferred income | 492/3 | - | €1,287 | +€1,287 | |
| Non-recurring operating income | 76A | - | €9,091 | +€9,091 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,701 | €1,403 | -€298 | -17.5% |
| Other operating charges | 640/8 | €1,669 | €2,219 | +€549 | +32.9% |
| Gross operating margin | 9900 | -€4,441 | -€7,829 | -€3,387 | -76.3% |
| Operating profit (loss) | 9901 | -€7,812 | -€11,450 | -€3,639 | -46.6% |
| Financial income | 75/76B | €23,053 | €27,116 | +€4,064 | +17.6% |
| Recurring financial income | 75 | €23,053 | €27,116 | +€4,064 | +17.6% |
| Financial charges | 65/66B | €5,515 | €1,723 | -€3,792 | -68.8% |
| Recurring financial charges | 65 | €5,515 | €1,723 | -€3,792 | -68.8% |
| Profit (loss) for the period before taxes | 9903 | €9,726 | €13,943 | +€4,218 | +43.4% |
| Income taxes | 67/77 | €4,402 | €4,577 | +€175 | +4.0% |
| Profit (loss) for the period | 9904 | €5,324 | €9,366 | +€4,043 | +75.9% |
| Profit (loss) for the period to be appropriated | 9905 | €5,324 | €9,366 | +€4,043 | +75.9% |
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 24 October 2026 via checked.be.