VMH DECOR: 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.
VMH DECOR
Largest movements
- Receivables within one year +€20,382
up €20,382 (+15.2%), from €134,305 to €154,687
of which Trade receivables: +€13,430
- Cash -€14,215
down €14,215 (-86.1%), from €16,506 to €2,291
mainly Receivables within one year (-€20,382) and Debts after one year (-€4,054)
- Tangible fixed assets -€7,174
down €7,174 (-57.9%), from €12,397 to €5,223
of which Furniture and vehicles: -€5,762
- Other debts +€7,867
up €7,867 (+34.7%), from €22,694 to €30,561
- Debts after one year -€4,054
no longer reported in 2025 (was €4,054)
- Profit (loss) carried forward -€3,864
down €3,864 (-3.0%), from €128,829 to €124,965
- Gross operating margin -€17,010
down €17,010 (-75.9%), from €22,408 to €5,398
- Taxes -€2,833
down €2,833 (-95.5%), from €2,965 to €132
- Other operating charges -€1,830
down €1,830 (-80.7%), from €2,268 to €438
- Depreciation -€243
down €243 (-3.3%), from €7,417 to €7,174
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.
Cash bridge derived
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 | €165,587 | €164,580 | -€1,007 | -0.6% |
| Fixed assets | 21/28 | €12,572 | €5,398 | -€7,174 | -57.1% |
| Tangible fixed assets | 22/27 | €12,397 | €5,223 | -€7,174 | -57.9% |
| Plant, machinery and equipment | 23 | €1,412 | - | -€1,412 | |
| Furniture and vehicles | 24 | €10,985 | €5,223 | -€5,762 | -52.5% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €153,015 | €159,182 | +€6,167 | +4.0% |
| Amounts receivable within one year | 40/41 | €134,305 | €154,687 | +€20,382 | +15.2% |
| Trade receivables | 40 | €131,525 | €144,955 | +€13,430 | +10.2% |
| Other amounts receivable | 41 | €2,780 | €9,732 | +€6,952 | +250.1% |
| Cash at bank and in hand | 54/58 | €16,506 | €2,291 | -€14,215 | -86.1% |
| Deferred charges and accrued income | 490/1 | €2,204 | €2,204 | = | 0.0% |
| Total equity and liabilities | 10/49 | €165,587 | €164,580 | -€1,007 | -0.6% |
| Equity | 10/15 | €133,829 | €129,965 | -€3,864 | -2.9% |
| Reserves | 13 | €5,000 | €5,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €128,829 | €124,965 | -€3,864 | -3.0% |
| Amounts payable | 17/49 | €31,758 | €34,615 | +€2,857 | +9.0% |
| Amounts payable after more than one year | 17 | €4,054 | - | -€4,054 | |
| Financial debts | 170/4 | €4,054 | - | -€4,054 | |
| Amounts payable within one year | 42/48 | €27,704 | €34,615 | +€6,911 | +24.9% |
| Current portion of amounts payable after more than one year | 42 | €4,190 | €4,054 | -€136 | -3.2% |
| Trade debts | 44 | €820 | - | -€820 | |
| Suppliers | 440/4 | €820 | - | -€820 | |
| Other amounts payable | 47/48 | €22,694 | €30,561 | +€7,867 | +34.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,417 | €7,174 | -€243 | -3.3% |
| Other operating charges | 640/8 | €2,268 | €438 | -€1,830 | -80.7% |
| Gross operating margin | 9900 | €22,408 | €5,398 | -€17,010 | -75.9% |
| Operating profit (loss) | 9901 | €12,723 | -€2,214 | -€14,937 | |
| Financial income | 75/76B | €211 | - | -€211 | |
| Recurring financial income | 75 | €211 | - | -€211 | |
| Financial charges | 65/66B | €1,630 | €1,518 | -€112 | -6.9% |
| Recurring financial charges | 65 | €1,630 | €1,518 | -€112 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | €11,304 | -€3,732 | -€15,036 | |
| Income taxes | 67/77 | €2,965 | €132 | -€2,833 | -95.5% |
| Profit (loss) for the period | 9904 | €8,339 | -€3,864 | -€12,203 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,339 | -€3,864 | -€12,203 |
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 12 October 2026 via checked.be.