VMM Consult: 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.
VMM Consult
Largest movements
- Current investments +€50,009
up €50,009 (+39.1%), from €127,798 to €177,807
- Cash +€27,388
up €27,388 (+94.7%), from €28,905 to €56,293
mainly Net result for the year (+€237,225) and Other debts (+€197,354)
- Deferred charges and accrued income -€9,231
down €9,231 (-24.1%), from €38,230 to €28,999
- Receivables within one year -€8,799
down €8,799 (-6.0%), from €146,947 to €138,148
- Tangible fixed assets +€6,758
up €6,758 (+566%), from €1,194 to €7,953
- Other debts +€197,354
up €197,354 (+190%), from €103,980 to €301,334
- Profit (loss) carried forward -€136,775
down €136,775 (-99.5%), from €137,490 to €715
- Tax, wage and social debts +€4,482
up €4,482 (+4.5%), from €99,446 to €103,928
- Financial income +€49,578
up €49,578 (+11,473%), from €432 to €50,010
- Gross operating margin -€38,636
down €38,636 (-12.2%), from €316,720 to €278,084
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 | €343,074 | €409,199 | +€66,125 | +19.3% |
| Fixed assets | 21/28 | €1,194 | €7,953 | +€6,758 | +566% |
| Tangible fixed assets | 22/27 | €1,194 | €7,953 | +€6,758 | +566% |
| Furniture and vehicles | 24 | €1,194 | €7,953 | +€6,758 | +566% |
| Current assets | 29/58 | €341,880 | €401,246 | +€59,367 | +17.4% |
| Amounts receivable within one year | 40/41 | €146,947 | €138,148 | -€8,799 | -6.0% |
| Trade receivables | 40 | €146,947 | €138,148 | -€8,799 | -6.0% |
| Current investments | 50/53 | €127,798 | €177,807 | +€50,009 | +39.1% |
| Cash at bank and in hand | 54/58 | €28,905 | €56,293 | +€27,388 | +94.7% |
| Deferred charges and accrued income | 490/1 | €38,230 | €28,999 | -€9,231 | -24.1% |
| Total equity and liabilities | 10/49 | €343,074 | €409,199 | +€66,125 | +19.3% |
| Equity | 10/15 | €138,690 | €1,915 | -€136,775 | -98.6% |
| Contributions | 10/11 | €1,200 | €1,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €137,490 | €715 | -€136,775 | -99.5% |
| Amounts payable | 17/49 | €204,384 | €407,284 | +€202,900 | +99.3% |
| Amounts payable within one year | 42/48 | €204,384 | €407,284 | +€202,900 | +99.3% |
| Trade debts | 44 | €958 | €2,023 | +€1,064 | +111% |
| Suppliers | 440/4 | €958 | €2,023 | +€1,064 | +111% |
| Taxes, remuneration and social security | 45 | €99,446 | €103,928 | +€4,482 | +4.5% |
| Taxes | 450/3 | €99,446 | €103,928 | +€4,482 | +4.5% |
| Other amounts payable | 47/48 | €103,980 | €301,334 | +€197,354 | +190% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,500 | €1,706 | +€206 | +13.7% |
| Other operating charges | 640/8 | €1,177 | €520 | -€657 | -55.8% |
| Non-recurring operating charges | 66A | €6,127 | - | -€6,127 | |
| Gross operating margin | 9900 | €316,720 | €278,084 | -€38,636 | -12.2% |
| Operating profit (loss) | 9901 | €307,916 | €275,858 | -€32,058 | -10.4% |
| Financial income | 75/76B | €432 | €50,010 | +€49,578 | +11,473% |
| Recurring financial income | 75 | €432 | €50,010 | +€49,578 | +11,473% |
| Financial charges | 65/66B | €54 | €67 | +€14 | +25.4% |
| Recurring financial charges | 65 | €54 | €67 | +€14 | +25.4% |
| Profit (loss) for the period before taxes | 9903 | €308,294 | €325,801 | +€17,506 | +5.7% |
| Income taxes | 67/77 | €86,083 | €88,576 | +€2,493 | +2.9% |
| Profit (loss) for the period | 9904 | €222,212 | €237,225 | +€15,013 | +6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €222,212 | €237,225 | +€15,013 | +6.8% |
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 14 October 2026 via checked.be.