VME SERVICE & ENGINEERING: 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 SERVICE & ENGINEERING
Largest movements
- Tangible fixed assets -€48,933
down €48,933 (-23.9%), from €204,873 to €155,940
- Receivables within one year -€27,727
down €27,727 (-27.3%), from €101,635 to €73,909
of which Trade receivables: -€29,518
- Cash +€23,800
up €23,800 (+19.3%), from €123,254 to €147,054
mainly Depreciation (+€71,442) and Receivables within one year (+€27,727)
- Stocks and contracts -€19,559
down €19,559 (-24.9%), from €78,504 to €58,945
- Trade debts -€31,523
down €31,523 (-24.7%), from €127,414 to €95,891
- Debts after one year -€24,575
down €24,575 (-23.1%), from €106,479 to €81,904
- Current portion of long-term debt -€16,437
down €16,437 (-29.9%), from €54,896 to €38,459
- Tax, wage and social debts -€10,225
down €10,225 (-26.5%), from €38,593 to €28,368
- Reserves +€7,539
up €7,539 (+5.0%), from €150,727 to €158,265
- Financial charges -€2,349
down €2,349 (-20.8%), from €11,274 to €8,926
- Depreciation -€1,581
down €1,581 (-2.2%), from €73,023 to €71,442
- Financial income -€1,284
down €1,284 (-81.8%), from €1,570 to €286
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 | €520,511 | €448,887 | -€71,624 | -13.8% |
| Fixed assets | 21/28 | €205,413 | €156,480 | -€48,933 | -23.8% |
| Tangible fixed assets | 22/27 | €204,873 | €155,940 | -€48,933 | -23.9% |
| Land and buildings | 22 | €31,571 | €9,045 | -€22,526 | -71.4% |
| Plant, machinery and equipment | 23 | €22,860 | €20,633 | -€2,226 | -9.7% |
| Furniture and vehicles | 24 | €48,697 | €37,309 | -€11,388 | -23.4% |
| Other tangible fixed assets | 26 | €101,746 | €88,954 | -€12,792 | -12.6% |
| Financial fixed assets | 28 | €540 | €540 | = | 0.0% |
| Current assets | 29/58 | €315,098 | €292,407 | -€22,691 | -7.2% |
| Stocks and contracts in progress | 3 | €78,504 | €58,945 | -€19,559 | -24.9% |
| Stocks | 30/36 | €78,504 | €58,945 | -€19,559 | -24.9% |
| Amounts receivable within one year | 40/41 | €101,635 | €73,909 | -€27,727 | -27.3% |
| Trade receivables | 40 | €85,964 | €56,446 | -€29,518 | -34.3% |
| Other amounts receivable | 41 | €15,671 | €17,462 | +€1,791 | +11.4% |
| Cash at bank and in hand | 54/58 | €123,254 | €147,054 | +€23,800 | +19.3% |
| Deferred charges and accrued income | 490/1 | €11,705 | €12,499 | +€794 | +6.8% |
| Total equity and liabilities | 10/49 | €520,511 | €448,887 | -€71,624 | -13.8% |
| Equity | 10/15 | €169,327 | €176,865 | +€7,539 | +4.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €150,727 | €158,265 | +€7,539 | +5.0% |
| Distributable reserves | 133 | €150,727 | €158,265 | +€7,539 | +5.0% |
| Amounts payable | 17/49 | €351,184 | €272,022 | -€79,162 | -22.5% |
| Amounts payable after more than one year | 17 | €106,479 | €81,904 | -€24,575 | -23.1% |
| Financial debts | 170/4 | €106,479 | €81,904 | -€24,575 | -23.1% |
| Amounts payable within one year | 42/48 | €243,706 | €190,118 | -€53,588 | -22.0% |
| Current portion of amounts payable after more than one year | 42 | €54,896 | €38,459 | -€16,437 | -29.9% |
| Trade debts | 44 | €127,414 | €95,891 | -€31,523 | -24.7% |
| Suppliers | 440/4 | €127,414 | €95,891 | -€31,523 | -24.7% |
| Taxes, remuneration and social security | 45 | €38,593 | €28,368 | -€10,225 | -26.5% |
| Taxes | 450/3 | €38,593 | €28,368 | -€10,225 | -26.5% |
| Other amounts payable | 47/48 | €22,802 | €27,401 | +€4,598 | +20.2% |
| Accrued charges and deferred income | 492/3 | €1,000 | - | -€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,023 | €71,442 | -€1,581 | -2.2% |
| Other operating charges | 640/8 | €4,098 | €4,743 | +€644 | +15.7% |
| Gross operating margin | 9900 | €94,346 | €95,277 | +€932 | +1.0% |
| Operating profit (loss) | 9901 | €17,225 | €19,093 | +€1,868 | +10.8% |
| Financial income | 75/76B | €1,570 | €286 | -€1,284 | -81.8% |
| Recurring financial income | 75 | €1,570 | €286 | -€1,284 | -81.8% |
| Financial charges | 65/66B | €11,274 | €8,926 | -€2,349 | -20.8% |
| Recurring financial charges | 65 | €11,274 | €8,926 | -€2,349 | -20.8% |
| Profit (loss) for the period before taxes | 9903 | €7,520 | €10,453 | +€2,933 | +39.0% |
| Income taxes | 67/77 | €3,864 | €2,914 | -€950 | -24.6% |
| Profit (loss) for the period | 9904 | €3,656 | €7,539 | +€3,882 | +106% |
| Profit (loss) for the period to be appropriated | 9905 | €3,656 | €7,539 | +€3,882 | +106% |
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.