VMG Ventures: 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.
VMG Ventures
Largest movements
- Receivables within one year -€149,366
down €149,366 (-78.9%), from €189,292 to €39,926
of which Trade receivables: -€189,054
- Cash -€35,472
down €35,472 (-98.2%), from €36,134 to €663
mainly Net result for the year (-€192,515) and Tax, wage and social debts (-€21,079)
- Profit (loss) carried forward -€192,515
down €192,515, from €161,038 to -€31,477
- Other debts +€25,977
up €25,977 (+101%), from €25,729 to €51,706
- Tax, wage and social debts -€21,079
no longer reported in 2025 (was €21,079)
- Gross operating margin -€271,740
down €271,740, from €79,844 to -€191,895
- Taxes -€21,079
no longer reported in 2025 (was €21,079)
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 | €228,532 | €41,169 | -€187,363 | -82.0% |
| Fixed assets | 21/28 | €705 | €346 | -€360 | -51.0% |
| Tangible fixed assets | 22/27 | €705 | €346 | -€360 | -51.0% |
| Furniture and vehicles | 24 | €705 | €346 | -€360 | -51.0% |
| Current assets | 29/58 | €227,827 | €40,823 | -€187,004 | -82.1% |
| Amounts receivable within one year | 40/41 | €189,292 | €39,926 | -€149,366 | -78.9% |
| Trade receivables | 40 | €189,054 | - | -€189,054 | |
| Other amounts receivable | 41 | €238 | €39,926 | +€39,688 | +16,677% |
| Cash at bank and in hand | 54/58 | €36,134 | €663 | -€35,472 | -98.2% |
| Deferred charges and accrued income | 490/1 | €2,400 | €234 | -€2,167 | -90.3% |
| Total equity and liabilities | 10/49 | €228,532 | €41,169 | -€187,363 | -82.0% |
| Equity | 10/15 | €181,498 | -€11,017 | -€192,515 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €161,038 | -€31,477 | -€192,515 | |
| Amounts payable | 17/49 | €47,035 | €52,186 | +€5,151 | +11.0% |
| Amounts payable within one year | 42/48 | €47,035 | €52,186 | +€5,151 | +11.0% |
| Trade debts | 44 | €228 | €480 | +€253 | +111% |
| Suppliers | 440/4 | €228 | €480 | +€253 | +111% |
| Taxes, remuneration and social security | 45 | €21,079 | - | -€21,079 | |
| Taxes | 450/3 | €21,079 | - | -€21,079 | |
| Other amounts payable | 47/48 | €25,729 | €51,706 | +€25,977 | +101% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €615 | €360 | -€255 | -41.5% |
| Other operating charges | 640/8 | €296 | €0 | -€296 | -100% |
| Gross operating margin | 9900 | €79,844 | -€191,895 | -€271,740 | |
| Operating profit (loss) | 9901 | €78,933 | -€192,255 | -€271,188 | |
| Financial income | 75/76B | €0 | €11 | +€11 | +13,550% |
| Recurring financial income | 75 | €0 | €11 | +€11 | +13,550% |
| Financial charges | 65/66B | €727 | €271 | -€456 | -62.7% |
| Recurring financial charges | 65 | €727 | €271 | -€456 | -62.7% |
| Profit (loss) for the period before taxes | 9903 | €78,207 | -€192,515 | -€270,721 | |
| Income taxes | 67/77 | €21,079 | - | -€21,079 | |
| Profit (loss) for the period | 9904 | €57,128 | -€192,515 | -€249,643 | |
| Profit (loss) for the period to be appropriated | 9905 | €57,128 | -€192,515 | -€249,643 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.