VMF Insurance: 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 Insurance
Largest movements
- Cash -€765
down €765 (-63.6%), from €1,203 to €438
mainly Net result for the year (-€1,802)
- Formation expenses -€198
down €198 (-100%), from €198 to €0
- Profit (loss) carried forward -€1,802
down €1,802 (-53.5%), from -€3,371 to -€5,173
- Other debts +€839
up €839 (+47.3%), from €1,772 to €2,611
- Depreciation -€1,270
down €1,270 (-86.5%), from €1,468 to €198
- Other operating charges -€387
down €387 (-100%), from €387 to €0
- Financial charges +€139
up €139 (+773%), from €18 to €157
- Gross operating margin +€50
up €50 (+3.4%), from -€1,497 to -€1,447
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 | €1,401 | €438 | -€963 | -68.7% |
| Formation expenses | 20 | €198 | €0 | -€198 | -100% |
| Current assets | 29/58 | €1,203 | €438 | -€765 | -63.6% |
| Cash at bank and in hand | 54/58 | €1,203 | €438 | -€765 | -63.6% |
| Total equity and liabilities | 10/49 | €1,401 | €438 | -€963 | -68.7% |
| Equity | 10/15 | -€371 | -€2,173 | -€1,802 | -486% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,371 | -€5,173 | -€1,802 | -53.5% |
| Amounts payable | 17/49 | €1,772 | €2,611 | +€839 | +47.3% |
| Amounts payable within one year | 42/48 | €1,772 | €2,611 | +€839 | +47.3% |
| Other amounts payable | 47/48 | €1,772 | €2,611 | +€839 | +47.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,468 | €198 | -€1,270 | -86.5% |
| Other operating charges | 640/8 | €387 | €0 | -€387 | -100% |
| Gross operating margin | 9900 | -€1,497 | -€1,447 | +€50 | +3.4% |
| Operating profit (loss) | 9901 | -€3,353 | -€1,645 | +€1,708 | +50.9% |
| Financial charges | 65/66B | €18 | €157 | +€139 | +773% |
| Recurring financial charges | 65 | €18 | €157 | +€139 | +773% |
| Profit (loss) for the period before taxes | 9903 | -€3,371 | -€1,802 | +€1,569 | +46.5% |
| Profit (loss) for the period | 9904 | -€3,371 | -€1,802 | +€1,569 | +46.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,371 | -€1,802 | +€1,569 | +46.5% |
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 14 October 2026 via checked.be.