VMP DEVELOPMENT: 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.
VMP DEVELOPMENT
Largest movements
- Financial fixed assets +€208,438
new in 2025: €208,438
- Stocks and contracts +€38,749
up €38,749 (+255.3%), from €15,180 to €53,929
- Cash +€12,111
up €12,111 (+869.9%), from €1,392 to €13,503
mainly Other debts (+€236,442) and Trade debts (+€27,104)
- Other debts +€236,442
up €236,442 (+1554.3%), from €15,213 to €251,654
- Trade debts +€27,104
new in 2025: €27,104
- Profit (loss) carried forward -€5,604
down €5,604 (-117.0%), from -€4,790 to -€10,394
- Financial charges +€1,342
up €1,342 (+316.1%), from €425 to €1,767
- Gross operating margin +€671
up €671 (+16.9%), from -€3,981 to -€3,310
- Other operating charges +€140
up €140 (+36.2%), from €387 to €528
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 | €20,423 | €278,364 | +€257,941 | +1263.0% |
| Fixed assets | 21/28 | - | €208,438 | +€208,438 | |
| Financial fixed assets | 28 | - | €208,438 | +€208,438 | |
| Current assets | 29/58 | €20,423 | €69,925 | +€49,503 | +242.4% |
| Stocks and contracts in progress | 3 | €15,180 | €53,929 | +€38,749 | +255.3% |
| Stocks | 30/36 | €15,180 | €53,929 | +€38,749 | +255.3% |
| Amounts receivable within one year | 40/41 | €3,851 | €2,493 | -€1,357 | -35.2% |
| Other amounts receivable | 41 | €3,851 | €2,493 | -€1,357 | -35.2% |
| Cash at bank and in hand | 54/58 | €1,392 | €13,503 | +€12,111 | +869.9% |
| Total equity and liabilities | 10/49 | €20,423 | €278,364 | +€257,941 | +1263.0% |
| Equity | 10/15 | €5,210 | -€394 | -€5,604 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,790 | -€10,394 | -€5,604 | -117.0% |
| Amounts payable | 17/49 | €15,213 | €278,758 | +€263,545 | +1732.4% |
| Amounts payable within one year | 42/48 | €15,213 | €278,758 | +€263,545 | +1732.4% |
| Trade debts | 44 | - | €27,104 | +€27,104 | |
| Suppliers | 440/4 | - | €27,104 | +€27,104 | |
| Other amounts payable | 47/48 | €15,213 | €251,654 | +€236,442 | +1554.3% |
| Other operating charges | 640/8 | €387 | €528 | +€140 | +36.2% |
| Gross operating margin | 9900 | -€3,981 | -€3,310 | +€671 | +16.9% |
| Operating profit (loss) | 9901 | -€4,368 | -€3,837 | +€531 | +12.1% |
| Financial income | 75/76B | €3 | €0 | -€3 | -100.0% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -100.0% |
| Financial charges | 65/66B | €425 | €1,767 | +€1,342 | +316.1% |
| Recurring financial charges | 65 | €425 | €1,767 | +€1,342 | +316.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,790 | -€5,604 | -€815 | -17.0% |
| Profit (loss) for the period | 9904 | -€4,790 | -€5,604 | -€815 | -17.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,790 | -€5,604 | -€815 | -17.0% |
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 6 October 2026 via checked.be.