VMS Group: 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.
VMS Group
Largest movements
- Deferred charges and accrued income +€17,353
up €17,353 (+5823.2%), from €298 to €17,651
- Receivables within one year -€14,901
down €14,901 (-12.4%), from €119,789 to €104,888
of which Trade receivables: -€12,344
- Cash -€4,847
down €4,847 (-87.0%), from €5,569 to €722
mainly Tax, wage and social debts (-€65,103) and Deferred charges and accrued income (-€17,353)
- Tangible fixed assets +€1,344
up €1,344 (+53.5%), from €2,510 to €3,854
of which Plant, machinery and equipment: +€1,359
- Profit (loss) carried forward +€65,315
up €65,315 (+87.1%), from -€75,012 to -€9,697
- Tax, wage and social debts -€65,103
down €65,103 (-91.1%), from €71,436 to €6,333
- Trade debts -€3,137
down €3,137 (-3.0%), from €103,492 to €100,355
- Other debts +€1,874
up €1,874 (+15.3%), from €12,250 to €14,124
- Staff costs -€22,599
down €22,599 (-6.3%), from €360,923 to €338,324
- Gross operating margin +€6,576
up €6,576 (+1.6%), from €401,676 to €408,252
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €128,166 | €127,115 | -€1,051 | -0.8% |
| Fixed assets | 21/28 | €2,510 | €3,854 | +€1,344 | +53.5% |
| Tangible fixed assets | 22/27 | €2,510 | €3,854 | +€1,344 | +53.5% |
| Plant, machinery and equipment | 23 | €526 | €1,885 | +€1,359 | +258.4% |
| Furniture and vehicles | 24 | €15 | - | -€15 | |
| Other tangible fixed assets | 26 | €1,969 | €1,969 | = | 0.0% |
| Current assets | 29/58 | €125,656 | €123,261 | -€2,395 | -1.9% |
| Amounts receivable within one year | 40/41 | €119,789 | €104,888 | -€14,901 | -12.4% |
| Trade receivables | 40 | €110,103 | €97,759 | -€12,344 | -11.2% |
| Other amounts receivable | 41 | €9,686 | €7,129 | -€2,557 | -26.4% |
| Cash at bank and in hand | 54/58 | €5,569 | €722 | -€4,847 | -87.0% |
| Deferred charges and accrued income | 490/1 | €298 | €17,651 | +€17,353 | +5823.2% |
| Total equity and liabilities | 10/49 | €128,166 | €127,115 | -€1,051 | -0.8% |
| Equity | 10/15 | -€59,012 | €6,303 | +€65,315 | |
| Contributions | 10/11 | €16,000 | €16,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€75,012 | -€9,697 | +€65,315 | +87.1% |
| Amounts payable | 17/49 | €187,178 | €120,812 | -€66,366 | -35.5% |
| Amounts payable within one year | 42/48 | €187,178 | €120,812 | -€66,366 | -35.5% |
| Trade debts | 44 | €103,492 | €100,355 | -€3,137 | -3.0% |
| Suppliers | 440/4 | €103,492 | €100,355 | -€3,137 | -3.0% |
| Taxes, remuneration and social security | 45 | €71,436 | €6,333 | -€65,103 | -91.1% |
| Remuneration and social security | 454/9 | €71,436 | €6,333 | -€65,103 | -91.1% |
| Other amounts payable | 47/48 | €12,250 | €14,124 | +€1,874 | +15.3% |
| Remuneration, social security and pensions | 62 | €360,923 | €338,324 | -€22,599 | -6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,157 | €471 | -€686 | -59.3% |
| Other operating charges | 640/8 | €1,088 | €2,299 | +€1,211 | +111.3% |
| Gross operating margin | 9900 | €401,676 | €408,252 | +€6,576 | +1.6% |
| Operating profit (loss) | 9901 | €38,508 | €67,158 | +€28,650 | +74.4% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €2,981 | €110 | -€2,871 | -96.3% |
| Recurring financial charges | 65 | €2,981 | €110 | -€2,871 | -96.3% |
| Profit (loss) for the period before taxes | 9903 | €35,527 | €67,049 | +€31,522 | +88.7% |
| Income taxes | 67/77 | - | €1,734 | +€1,734 | |
| Profit (loss) for the period | 9904 | €35,527 | €65,315 | +€29,788 | +83.8% |
| Profit (loss) for the period to be appropriated | 9905 | €35,527 | €65,315 | +€29,788 | +83.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.