VMF Groep: 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.
VMF Groep
Largest movements
- Deferred charges and accrued income +€31,757
up €31,757 (+1,881%), from €1,688 to €33,445
- Tangible fixed assets +€19,142
up €19,142 (+4.9%), from €387,231 to €406,372
of which Plant, machinery and equipment: +€28,686
- Receivables within one year -€13,712
down €13,712 (-25.1%), from €54,555 to €40,843
of which Trade receivables: -€18,670
- Profit (loss) carried forward +€58,188
up €58,188 (+4,869%), from €1,195 to €59,383
- Accrued charges and deferred income +€50,848
new in 2025: €50,848
- Other debts -€50,699
down €50,699 (-94.4%), from €53,696 to €2,997
- Debts after one year -€17,036
down €17,036 (-5.7%), from €300,206 to €283,170
- Trade debts -€16,630
down €16,630 (-15.2%), from €109,290 to €92,660
- Gross operating margin +€110,203
up €110,203, from -€4,018 to €106,185
- Taxes +€12,431
new in 2025: €12,431
- Staff costs +€10,964
new in 2025: €10,964
- Depreciation +€10,683
up €10,683 (+566%), from €1,889 to €12,572
- Financial charges +€9,057
up €9,057 (+450%), from €2,012 to €11,068
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 | €495,991 | €531,281 | +€35,290 | +7.1% |
| Fixed assets | 21/28 | €387,231 | €406,372 | +€19,142 | +4.9% |
| Tangible fixed assets | 22/27 | €387,231 | €406,372 | +€19,142 | +4.9% |
| Land and buildings | 22 | €376,535 | €366,991 | -€9,544 | -2.5% |
| Plant, machinery and equipment | 23 | €10,696 | €39,381 | +€28,686 | +268% |
| Current assets | 29/58 | €108,760 | €124,909 | +€16,149 | +14.8% |
| Amounts receivable within one year | 40/41 | €54,555 | €40,843 | -€13,712 | -25.1% |
| Trade receivables | 40 | €50,239 | €31,569 | -€18,670 | -37.2% |
| Other amounts receivable | 41 | €4,315 | €9,274 | +€4,959 | +115% |
| Cash at bank and in hand | 54/58 | €52,517 | €50,620 | -€1,897 | -3.6% |
| Deferred charges and accrued income | 490/1 | €1,688 | €33,445 | +€31,757 | +1,881% |
| Total equity and liabilities | 10/49 | €495,991 | €531,281 | +€35,290 | +7.1% |
| Equity | 10/15 | €11,195 | €69,383 | +€58,188 | +520% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,195 | €59,383 | +€58,188 | +4,869% |
| Amounts payable | 17/49 | €484,796 | €461,898 | -€22,898 | -4.7% |
| Amounts payable after more than one year | 17 | €300,206 | €283,170 | -€17,036 | -5.7% |
| Financial debts | 170/4 | €300,206 | €283,170 | -€17,036 | -5.7% |
| Amounts payable within one year | 42/48 | €184,590 | €127,880 | -€56,710 | -30.7% |
| Current portion of amounts payable after more than one year | 42 | €16,449 | €17,036 | +€586 | +3.6% |
| Trade debts | 44 | €109,290 | €92,660 | -€16,630 | -15.2% |
| Suppliers | 440/4 | €109,290 | €92,660 | -€16,630 | -15.2% |
| Taxes, remuneration and social security | 45 | €5,155 | €15,187 | +€10,032 | +195% |
| Taxes | 450/3 | €5,155 | €13,587 | +€8,432 | +164% |
| Remuneration and social security | 454/9 | - | €1,600 | +€1,600 | |
| Other amounts payable | 47/48 | €53,696 | €2,997 | -€50,699 | -94.4% |
| Accrued charges and deferred income | 492/3 | - | €50,848 | +€50,848 | |
| Remuneration, social security and pensions | 62 | - | €10,964 | +€10,964 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,889 | €12,572 | +€10,683 | +566% |
| Other operating charges | 640/8 | €549 | €968 | +€419 | +76.2% |
| Gross operating margin | 9900 | -€4,018 | €106,185 | +€110,203 | |
| Operating profit (loss) | 9901 | -€6,456 | €81,682 | +€88,138 | |
| Financial income | 75/76B | €2 | €5 | +€3 | +136% |
| Recurring financial income | 75 | €2 | €5 | +€3 | +136% |
| Financial charges | 65/66B | €2,012 | €11,068 | +€9,057 | +450% |
| Recurring financial charges | 65 | €2,012 | €11,068 | +€9,057 | +450% |
| Profit (loss) for the period before taxes | 9903 | -€8,465 | €70,619 | +€79,084 | |
| Income taxes | 67/77 | - | €12,431 | +€12,431 | |
| Profit (loss) for the period | 9904 | -€8,465 | €58,188 | +€66,654 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,465 | €58,188 | +€66,654 |
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 18 October 2026 via checked.be.