VMJ. CONSTUCTION: what changed
Two fiscal 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.
VMJ. CONSTUCTION
Largest movements
- Cash +€29,140
up €29,140 (+86.4%), from €33,740 to €62,880
mainly Net result for the year (+€20,103) and Receivables within one year (+€16,615)
- Receivables within one year -€16,615
down €16,615 (-45.1%), from €36,809 to €20,194
of which Trade receivables: -€16,615
- Deferred charges and accrued income +€2,002
up €2,002 (+473.0%), from €423 to €2,425
- Other debts +€13,456
up €13,456 (+69.8%), from €19,271 to €32,727
- Tax, wage and social debts +€8,126
up €8,126 (+59.9%), from €13,561 to €21,687
of which Taxes: +€8,126
- Debts after one year -€6,300
down €6,300 (-48.1%), from €13,104 to €6,804
- Profit (loss) carried forward +€2,103
up €2,103 (+21.0%), from €9,997 to €12,099
- Trade debts -€1,963
down €1,963 (-30.5%), from €6,441 to €4,478
- Turnover -€82,589
no longer reported in 2025 (was €82,589)
- Purchases and services -€53,696
no longer reported in 2025 (was €53,696)
- Taxes -€3,191
down €3,191 (-35.3%), from €9,044 to €5,853
- Other operating charges +€2,984
up €2,984 (+124.4%), from €2,400 to €5,385
- Gross operating margin +€2,046
up €2,046 (+5.3%), from €38,426 to €40,472
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 | €88,570 | €104,096 | +€15,526 | +17.5% |
| Fixed assets | 21/28 | €17,597 | €18,596 | +€999 | +5.7% |
| Tangible fixed assets | 22/27 | €17,597 | €18,596 | +€999 | +5.7% |
| Furniture and vehicles | 24 | €17,597 | €18,596 | +€999 | +5.7% |
| Current assets | 29/58 | €70,973 | €85,499 | +€14,527 | +20.5% |
| Amounts receivable within one year | 40/41 | €36,809 | €20,194 | -€16,615 | -45.1% |
| Trade receivables | 40 | €36,809 | €20,194 | -€16,615 | -45.1% |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €33,740 | €62,880 | +€29,140 | +86.4% |
| Deferred charges and accrued income | 490/1 | €423 | €2,425 | +€2,002 | +473.0% |
| Total equity and liabilities | 10/49 | €88,570 | €104,096 | +€15,526 | +17.5% |
| Equity | 10/15 | €29,997 | €32,099 | +€2,103 | +7.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €18,000 | €18,000 | = | 0.0% |
| Distributable reserves | 133 | €18,000 | €18,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,997 | €12,099 | +€2,103 | +21.0% |
| Amounts payable | 17/49 | €58,573 | €71,996 | +€13,424 | +22.9% |
| Amounts payable after more than one year | 17 | €13,104 | €6,804 | -€6,300 | -48.1% |
| Financial debts | 170/4 | €13,104 | €6,804 | -€6,300 | -48.1% |
| Amounts payable within one year | 42/48 | €45,468 | €65,192 | +€19,724 | +43.4% |
| Current portion of amounts payable after more than one year | 42 | €6,196 | €6,300 | +€105 | +1.7% |
| Trade debts | 44 | €6,441 | €4,478 | -€1,963 | -30.5% |
| Suppliers | 440/4 | €6,441 | €4,478 | -€1,963 | -30.5% |
| Taxes, remuneration and social security | 45 | €13,561 | €21,687 | +€8,126 | +59.9% |
| Taxes | 450/3 | €13,561 | €21,687 | +€8,126 | +59.9% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €19,271 | €32,727 | +€13,456 | +69.8% |
| Turnover | 70 | €82,589 | - | -€82,589 | |
| Goods, raw materials, services and sundry goods | 60/61 | €53,696 | - | -€53,696 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,037 | €8,064 | +€2,028 | +33.6% |
| Other operating charges | 640/8 | €2,400 | €5,385 | +€2,984 | +124.4% |
| Gross operating margin | 9900 | €38,426 | €40,472 | +€2,046 | +5.3% |
| Operating profit (loss) | 9901 | €29,989 | €27,023 | -€2,966 | -9.9% |
| Financial income | 75/76B | €39 | €1 | -€38 | -98.7% |
| Recurring financial income | 75 | €39 | €1 | -€38 | -98.7% |
| Financial charges | 65/66B | €686 | €1,068 | +€382 | +55.7% |
| Recurring financial charges | 65 | €686 | €1,068 | +€382 | +55.7% |
| Profit (loss) for the period before taxes | 9903 | €29,342 | €25,956 | -€3,386 | -11.5% |
| Income taxes | 67/77 | €9,044 | €5,853 | -€3,191 | -35.3% |
| Profit (loss) for the period | 9904 | €20,298 | €20,103 | -€196 | -1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,298 | €20,103 | -€196 | -1.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.