VMS CONSULT: 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.
VMS CONSULT
Largest movements
- Cash +€50,987
up €50,987 (+24.9%), from €204,970 to €255,957
mainly Net result for the year (+€56,925) and Receivables within one year (+€20,265)
- Receivables within one year -€20,265
down €20,265 (-61.8%), from €32,774 to €12,509
of which Trade receivables: -€20,388
- Reserves +€34,259
up €34,259 (+13.7%), from €250,441 to €284,700
- Tax, wage and social debts -€3,623
down €3,623 (-25.6%), from €14,130 to €10,507
of which Taxes: -€3,623
- Gross operating margin +€18,048
up €18,048 (+29.3%), from €61,579 to €79,627
- Taxes +€5,184
up €5,184 (+30.5%), from €17,019 to €22,203
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 | €274,706 | €305,330 | +€30,624 | +11.1% |
| Fixed assets | 21/28 | €4,288 | €3,248 | -€1,039 | -24.2% |
| Tangible fixed assets | 22/27 | €4,288 | €3,248 | -€1,039 | -24.2% |
| Land and buildings | 22 | €3,939 | €3,206 | -€733 | -18.6% |
| Plant, machinery and equipment | 23 | €349 | €42 | -€306 | -87.9% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €270,419 | €302,082 | +€31,663 | +11.7% |
| Amounts receivable within one year | 40/41 | €32,774 | €12,509 | -€20,265 | -61.8% |
| Trade receivables | 40 | €30,664 | €10,276 | -€20,388 | -66.5% |
| Other amounts receivable | 41 | €2,110 | €2,233 | +€123 | +5.8% |
| Current investments | 50/53 | €30,607 | €31,210 | +€603 | +2.0% |
| Cash at bank and in hand | 54/58 | €204,970 | €255,957 | +€50,987 | +24.9% |
| Deferred charges and accrued income | 490/1 | €2,068 | €2,406 | +€338 | +16.4% |
| Total equity and liabilities | 10/49 | €274,706 | €305,330 | +€30,624 | +11.1% |
| Equity | 10/15 | €256,641 | €290,900 | +€34,259 | +13.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €250,441 | €284,700 | +€34,259 | +13.7% |
| Distributable reserves | 133 | €250,441 | €284,700 | +€34,259 | +13.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €18,065 | €14,430 | -€3,635 | -20.1% |
| Amounts payable within one year | 42/48 | €18,052 | €14,413 | -€3,640 | -20.2% |
| Trade debts | 44 | €2,756 | €2,703 | -€53 | -1.9% |
| Suppliers | 440/4 | €2,756 | €2,703 | -€53 | -1.9% |
| Taxes, remuneration and social security | 45 | €14,130 | €10,507 | -€3,623 | -25.6% |
| Taxes | 450/3 | €11,155 | €7,532 | -€3,623 | -32.5% |
| Remuneration and social security | 454/9 | €2,975 | €2,975 | = | 0.0% |
| Other amounts payable | 47/48 | €1,166 | €1,203 | +€36 | +3.1% |
| Accrued charges and deferred income | 492/3 | €13 | €17 | +€4 | +32.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,690 | €1,039 | -€651 | -38.5% |
| Other operating charges | 640/8 | €528 | €703 | +€175 | +33.2% |
| Gross operating margin | 9900 | €61,579 | €79,627 | +€18,048 | +29.3% |
| Operating profit (loss) | 9901 | €59,361 | €77,885 | +€18,523 | +31.2% |
| Financial income | 75/76B | €1,803 | €1,884 | +€81 | +4.5% |
| Recurring financial income | 75 | €1,803 | €1,884 | +€81 | +4.5% |
| Financial charges | 65/66B | €476 | €641 | +€165 | +34.6% |
| Recurring financial charges | 65 | €476 | €641 | +€165 | +34.6% |
| Profit (loss) for the period before taxes | 9903 | €60,688 | €79,127 | +€18,440 | +30.4% |
| Income taxes | 67/77 | €17,019 | €22,203 | +€5,184 | +30.5% |
| Profit (loss) for the period | 9904 | €43,669 | €56,925 | +€13,256 | +30.4% |
| Profit (loss) for the period to be appropriated | 9905 | €43,669 | €56,925 | +€13,256 | +30.4% |
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 7 October 2026 via checked.be.