VMS NETWORKS: 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 NETWORKS
Largest movements
- Current investments +€37,978
up €37,978 (+38.6%), from €98,457 to €136,434
- Receivables after one year -€18,969
down €18,969 (-100%), from €18,969 to €0
of which Trade receivables: -€18,969
- Receivables within one year +€12,746
up €12,746 (+48.3%), from €26,398 to €39,144
of which Other amounts receivable: +€14,998
- Cash -€7,205
down €7,205 (-7.5%), from €95,525 to €88,321
mainly Other debts (-€39,810) and Current investments (-€37,978)
- Reserves +€96,420
up €96,420 (+35.9%), from €268,715 to €365,135
of which Distributable reserves: +€96,420
- Other debts -€39,810
down €39,810 (-100%), from €39,810 to €0
- Debts after one year -€19,647
down €19,647 (-100%), from €19,647 to €0
- Current portion of long-term debt -€9,175
down €9,175 (-100%), from €9,175 to €0
- Tax, wage and social debts -€7,048
down €7,048 (-45.0%), from €15,648 to €8,600
- Gross operating margin +€13,011
up €13,011 (+10.4%), from €125,657 to €138,667
- Taxes +€3,759
up €3,759 (+16.6%), from €22,703 to €26,463
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 | €376,477 | €401,055 | +€24,578 | +6.5% |
| Fixed assets | 21/28 | €137,050 | €134,956 | -€2,094 | -1.5% |
| Tangible fixed assets | 22/27 | €137,050 | €134,956 | -€2,094 | -1.5% |
| Land and buildings | 22 | €98,546 | €106,162 | +€7,616 | +7.7% |
| Plant, machinery and equipment | 23 | €325 | €180 | -€145 | -44.6% |
| Furniture and vehicles | 24 | €38,179 | €28,614 | -€9,564 | -25.1% |
| Current assets | 29/58 | €239,428 | €266,099 | +€26,672 | +11.1% |
| Amounts receivable after more than one year | 29 | €18,969 | €0 | -€18,969 | -100% |
| Trade receivables | 290 | €18,969 | - | -€18,969 | |
| Other amounts receivable | 291 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €26,398 | €39,144 | +€12,746 | +48.3% |
| Trade receivables | 40 | €22,156 | €19,904 | -€2,252 | -10.2% |
| Other amounts receivable | 41 | €4,242 | €19,240 | +€14,998 | +354% |
| Current investments | 50/53 | €98,457 | €136,434 | +€37,978 | +38.6% |
| Cash at bank and in hand | 54/58 | €95,525 | €88,321 | -€7,205 | -7.5% |
| Deferred charges and accrued income | 490/1 | €79 | €2,200 | +€2,122 | +2,699% |
| Total equity and liabilities | 10/49 | €376,477 | €401,055 | +€24,578 | +6.5% |
| Equity | 10/15 | €289,804 | €386,225 | +€96,420 | +33.3% |
| Contributions | 10/11 | €21,000 | €21,000 | = | 0.0% |
| Reserves | 13 | €268,715 | €365,135 | +€96,420 | +35.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €268,715 | €365,135 | +€96,420 | +35.9% |
| Profit (loss) carried forward | 14 | €89 | €89 | = | 0.0% |
| Amounts payable | 17/49 | €86,673 | €14,831 | -€71,842 | -82.9% |
| Amounts payable after more than one year | 17 | €19,647 | €0 | -€19,647 | -100% |
| Financial debts | 170/4 | €19,647 | €0 | -€19,647 | -100% |
| Amounts payable within one year | 42/48 | €67,026 | €14,831 | -€52,196 | -77.9% |
| Current portion of amounts payable after more than one year | 42 | €9,175 | €0 | -€9,175 | -100% |
| Financial debts | 43 | €1,003 | €10 | -€993 | -99.0% |
| Credit institutions | 430/8 | €1,003 | €10 | -€993 | -99.0% |
| Trade debts | 44 | €1,390 | €6,221 | +€4,830 | +347% |
| Suppliers | 440/4 | €1,390 | €6,221 | +€4,830 | +347% |
| Taxes, remuneration and social security | 45 | €15,648 | €8,600 | -€7,048 | -45.0% |
| Taxes | 450/3 | €15,648 | €8,600 | -€7,048 | -45.0% |
| Other amounts payable | 47/48 | €39,810 | €0 | -€39,810 | -100% |
| Non-recurring operating income | 76A | €9,772 | €0 | -€9,772 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,353 | €15,026 | -€327 | -2.1% |
| Other operating charges | 640/8 | €1,315 | €1,059 | -€256 | -19.5% |
| Gross operating margin | 9900 | €125,657 | €138,667 | +€13,011 | +10.4% |
| Operating profit (loss) | 9901 | €108,988 | €122,582 | +€13,594 | +12.5% |
| Financial income | 75/76B | €422 | €1,296 | +€875 | +207% |
| Recurring financial income | 75 | €422 | €1,296 | +€875 | +207% |
| Financial charges | 65/66B | €1,566 | €995 | -€571 | -36.4% |
| Recurring financial charges | 65 | €1,566 | €995 | -€571 | -36.4% |
| Profit (loss) for the period before taxes | 9903 | €107,844 | €122,883 | +€15,039 | +13.9% |
| Income taxes | 67/77 | €22,703 | €26,463 | +€3,759 | +16.6% |
| Profit (loss) for the period | 9904 | €85,140 | €96,420 | +€11,280 | +13.2% |
| Profit (loss) for the period to be appropriated | 9905 | €85,140 | €96,420 | +€11,280 | +13.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.