VML Group: 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.
VML Group
Largest movements
- Current investments +€425,000
new in 2025: €425,000
- Receivables within one year -€84,754
down €84,754 (-65.9%), from €128,686 to €43,932
of which Other amounts receivable: -€83,531
- Cash -€27,968
down €27,968 (-58.2%), from €48,021 to €20,053
mainly Current investments (-€425,000) and Debts after one year (-€30,701)
- Reserves +€324,619
up €324,619 (+98.0%), from €331,147 to €655,766
of which Distributable reserves: +€324,619
- Debts after one year -€30,701
down €30,701 (-4.9%), from €625,557 to €594,856
- Trade debts +€16,593
up €16,593 (+47.1%), from €35,252 to €51,845
- Financial income +€8,695
up €8,695 (+2.9%), from €300,000 to €308,695
of which Financial income: +€8,695
- Gross operating margin +€4,006
up €4,006 (+10.8%), from €37,068 to €41,074
- Financial charges -€3,468
down €3,468 (-18.3%), from €18,960 to €15,492
- Taxes +€1,772
up €1,772 (+27.3%), from €6,482 to €8,254
- Other operating charges +€885
up €885 (+170.8%), from €518 to €1,404
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 | €1,176,707 | €1,497,944 | +€321,237 | +27.3% |
| Fixed assets | 21/28 | €1,000,000 | €1,000,000 | = | 0.0% |
| Financial fixed assets | 28 | €1,000,000 | €1,000,000 | = | 0.0% |
| Current assets | 29/58 | €176,707 | €497,944 | +€321,237 | +181.8% |
| Amounts receivable within one year | 40/41 | €128,686 | €43,932 | -€84,754 | -65.9% |
| Trade receivables | 40 | €45,155 | €43,932 | -€1,224 | -2.7% |
| Other amounts receivable | 41 | €83,531 | €0 | -€83,531 | -100.0% |
| Current investments | 50/53 | - | €425,000 | +€425,000 | |
| Cash at bank and in hand | 54/58 | €48,021 | €20,053 | -€27,968 | -58.2% |
| Deferred charges and accrued income | 490/1 | - | €8,959 | +€8,959 | |
| Total equity and liabilities | 10/49 | €1,176,707 | €1,497,944 | +€321,237 | +27.3% |
| Equity | 10/15 | €411,147 | €735,766 | +€324,619 | +79.0% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Capital | 10 | €80,000 | €80,000 | = | 0.0% |
| Issued capital | 100 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €331,147 | €655,766 | +€324,619 | +98.0% |
| Non-distributable reserves | 130/1 | €8,000 | €8,000 | = | 0.0% |
| Legal reserve | 130 | €8,000 | €8,000 | = | 0.0% |
| Distributable reserves | 133 | €323,147 | €647,766 | +€324,619 | +100.5% |
| Amounts payable | 17/49 | €765,559 | €762,177 | -€3,382 | -0.4% |
| Amounts payable after more than one year | 17 | €625,557 | €594,856 | -€30,701 | -4.9% |
| Financial debts | 170/4 | €625,557 | €594,856 | -€30,701 | -4.9% |
| Amounts payable within one year | 42/48 | €82,100 | €100,481 | +€18,382 | +22.4% |
| Current portion of amounts payable after more than one year | 42 | €30,253 | €30,701 | +€448 | +1.5% |
| Trade debts | 44 | €35,252 | €51,845 | +€16,593 | +47.1% |
| Suppliers | 440/4 | €35,252 | €51,845 | +€16,593 | +47.1% |
| Taxes, remuneration and social security | 45 | €16,595 | €17,546 | +€951 | +5.7% |
| Taxes | 450/3 | €16,595 | €17,546 | +€951 | +5.7% |
| Other amounts payable | 47/48 | - | €390 | +€390 | |
| Accrued charges and deferred income | 492/3 | €57,903 | €66,840 | +€8,937 | +15.4% |
| Other operating charges | 640/8 | €518 | €1,404 | +€885 | +170.8% |
| Gross operating margin | 9900 | €37,068 | €41,074 | +€4,006 | +10.8% |
| Operating profit (loss) | 9901 | €36,549 | €39,670 | +€3,121 | +8.5% |
| Financial income | 75/76B | €300,000 | €308,695 | +€8,695 | +2.9% |
| Recurring financial income | 75 | €300,000 | €308,695 | +€8,695 | +2.9% |
| Non-recurring financial income | 76B | €300,000 | €308,695 | +€8,695 | +2.9% |
| Financial charges | 65/66B | €18,960 | €15,492 | -€3,468 | -18.3% |
| Recurring financial charges | 65 | €18,960 | €15,492 | -€3,468 | -18.3% |
| Profit (loss) for the period before taxes | 9903 | €317,589 | €332,873 | +€15,284 | +4.8% |
| Income taxes | 67/77 | €6,482 | €8,254 | +€1,772 | +27.3% |
| Profit (loss) for the period | 9904 | €311,107 | €324,619 | +€13,512 | +4.3% |
| Profit (loss) for the period to be appropriated | 9905 | €311,107 | €324,619 | +€13,512 | +4.3% |
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 4 October 2026 via checked.be.