VMJ Consultancy: 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.
VMJ Consultancy
Largest movements
- Cash +€27,801
up €27,801 (+38.6%), from €72,026 to €99,828
mainly Net result for the year (+€30,443) and Other debts (+€398)
- Receivables within one year +€3,760
up €3,760 (+109%), from €3,440 to €7,200
of which Trade receivables: +€3,760
- Reserves +€30,443
up €30,443 (+54.8%), from €55,541 to €85,984
- Gross operating margin +€5,169
up €5,169 (+14.5%), from €35,760 to €40,929
- Taxes +€964
up €964 (+13.0%), from €7,392 to €8,356
- Financial charges -€422
down €422 (-28.5%), from €1,481 to €1,059
- Other operating charges +€410
up €410 (+109%), from €376 to €787
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 | €76,134 | €107,298 | +€31,164 | +40.9% |
| Fixed assets | 21/28 | €555 | €270 | -€285 | -51.4% |
| Tangible fixed assets | 22/27 | €555 | €270 | -€285 | -51.4% |
| Furniture and vehicles | 24 | €555 | €270 | -€285 | -51.4% |
| Current assets | 29/58 | €75,579 | €107,028 | +€31,449 | +41.6% |
| Amounts receivable within one year | 40/41 | €3,440 | €7,200 | +€3,760 | +109% |
| Trade receivables | 40 | €3,440 | €7,200 | +€3,760 | +109% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €72,026 | €99,828 | +€27,801 | +38.6% |
| Deferred charges and accrued income | 490/1 | €112 | €0 | -€112 | -100% |
| Total equity and liabilities | 10/49 | €76,134 | €107,298 | +€31,164 | +40.9% |
| Equity | 10/15 | €59,541 | €89,984 | +€30,443 | +51.1% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €55,541 | €85,984 | +€30,443 | +54.8% |
| Distributable reserves | 133 | €55,541 | €85,984 | +€30,443 | +54.8% |
| Amounts payable | 17/49 | €16,592 | €17,313 | +€721 | +4.3% |
| Amounts payable within one year | 42/48 | €15,600 | €16,291 | +€691 | +4.4% |
| Trade debts | 44 | €1 | €56 | +€55 | +5,524% |
| Suppliers | 440/4 | €1 | €56 | +€55 | +5,524% |
| Taxes, remuneration and social security | 45 | €15,510 | €15,748 | +€237 | +1.5% |
| Taxes | 450/3 | €15,510 | €15,748 | +€237 | +1.5% |
| Other amounts payable | 47/48 | €89 | €487 | +€398 | +448% |
| Accrued charges and deferred income | 492/3 | €992 | €1,022 | +€30 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €285 | €285 | = | 0.0% |
| Other operating charges | 640/8 | €376 | €787 | +€410 | +109% |
| Gross operating margin | 9900 | €35,760 | €40,929 | +€5,169 | +14.5% |
| Operating profit (loss) | 9901 | €35,099 | €39,857 | +€4,759 | +13.6% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €1,481 | €1,059 | -€422 | -28.5% |
| Recurring financial charges | 65 | €1,481 | €1,059 | -€422 | -28.5% |
| Profit (loss) for the period before taxes | 9903 | €33,618 | €38,799 | +€5,181 | +15.4% |
| Income taxes | 67/77 | €7,392 | €8,356 | +€964 | +13.0% |
| Profit (loss) for the period | 9904 | €26,226 | €30,443 | +€4,217 | +16.1% |
| Profit (loss) for the period to be appropriated | 9905 | €26,226 | €30,443 | +€4,217 | +16.1% |
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 28 October 2026 via checked.be.