VME Partners: 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.
VME Partners
Largest movements
- Intangible fixed assets -€143,611
down €143,611 (-45.3%), from €316,875 to €173,264
- Deferred charges and accrued income -€29,276
down €29,276 (-51.4%), from €56,916 to €27,640
- Receivables within one year +€15,953
new in 2025: €15,953
- Trade debts -€103,995
down €103,995 (-82.2%), from €126,564 to €22,568
- Accrued charges and deferred income -€36,672
no longer reported in 2025 (was €36,672)
- Debts after one year -€28,356
down €28,356 (-16.2%), from €174,767 to €146,411
- Profit (loss) carried forward -€19,695
new in 2025: -€19,695
- Advances received +€16,121
new in 2025: €16,121
- Staff costs +€38,362
new in 2025: €38,362
- Gross operating margin +€33,343
up €33,343 (+201%), from €16,598 to €49,940
- Depreciation +€11,108
up €11,108 (+137%), from €8,125 to €19,233
- Financial charges +€3,962
up €3,962 (+68.3%), from €5,798 to €9,761
- Other operating charges +€1,892
up €1,892 (+489%), from €387 to €2,280
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 | €379,467 | €222,754 | -€156,713 | -41.3% |
| Fixed assets | 21/28 | €316,875 | €176,477 | -€140,398 | -44.3% |
| Intangible fixed assets | 21 | €316,875 | €173,264 | -€143,611 | -45.3% |
| Tangible fixed assets | 22/27 | - | €3,213 | +€3,213 | |
| Plant, machinery and equipment | 23 | - | €3,213 | +€3,213 | |
| Current assets | 29/58 | €62,592 | €46,277 | -€16,315 | -26.1% |
| Amounts receivable within one year | 40/41 | - | €15,953 | +€15,953 | |
| Trade receivables | 40 | - | €15,953 | +€15,953 | |
| Cash at bank and in hand | 54/58 | €5,676 | €2,685 | -€2,991 | -52.7% |
| Deferred charges and accrued income | 490/1 | €56,916 | €27,640 | -€29,276 | -51.4% |
| Total equity and liabilities | 10/49 | €379,467 | €222,754 | -€156,713 | -41.3% |
| Equity | 10/15 | €7,715 | -€11,979 | -€19,695 | |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €1,715 | €1,715 | = | 0.0% |
| Distributable reserves | 133 | €1,715 | €1,715 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€19,695 | -€19,695 | |
| Amounts payable | 17/49 | €371,752 | €234,733 | -€137,018 | -36.9% |
| Amounts payable after more than one year | 17 | €174,767 | €146,411 | -€28,356 | -16.2% |
| Financial debts | 170/4 | €174,767 | €146,411 | -€28,356 | -16.2% |
| Amounts payable within one year | 42/48 | €160,312 | €88,322 | -€71,990 | -44.9% |
| Current portion of amounts payable after more than one year | 42 | €23,177 | €29,347 | +€6,171 | +26.6% |
| Trade debts | 44 | €126,564 | €22,568 | -€103,995 | -82.2% |
| Suppliers | 440/4 | €126,564 | €22,568 | -€103,995 | -82.2% |
| Advances received on contracts in progress | 46 | - | €16,121 | +€16,121 | |
| Taxes, remuneration and social security | 45 | €572 | €8,936 | +€8,364 | +1,463% |
| Taxes | 450/3 | €572 | - | -€572 | |
| Remuneration and social security | 454/9 | - | €8,936 | +€8,936 | |
| Other amounts payable | 47/48 | €10,000 | €11,350 | +€1,350 | +13.5% |
| Accrued charges and deferred income | 492/3 | €36,672 | - | -€36,672 | |
| Remuneration, social security and pensions | 62 | - | €38,362 | +€38,362 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,125 | €19,233 | +€11,108 | +137% |
| Other operating charges | 640/8 | €387 | €2,280 | +€1,892 | +489% |
| Gross operating margin | 9900 | €16,598 | €49,940 | +€33,343 | +201% |
| Operating profit (loss) | 9901 | €8,085 | -€9,934 | -€18,019 | |
| Financial charges | 65/66B | €5,798 | €9,761 | +€3,962 | +68.3% |
| Recurring financial charges | 65 | €5,798 | €9,761 | +€3,962 | +68.3% |
| Profit (loss) for the period before taxes | 9903 | €2,287 | -€19,695 | -€21,981 | |
| Income taxes | 67/77 | €572 | - | -€572 | |
| Profit (loss) for the period | 9904 | €1,715 | -€19,695 | -€21,410 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,715 | -€19,695 | -€21,410 |
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 20 October 2026 via checked.be.