VMT Invest: 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.
VMT Invest
Largest movements
- Receivables within one year +€14,215
up €14,215 (+8.9%), from €159,506 to €173,721
of which Other amounts receivable: +€11,468
- Cash -€3,882
down €3,882 (-99.0%), from €3,921 to €39
mainly Short-term financial debts (-€17,025) and Accrued charges and deferred income (-€16,900)
- Profit (loss) carried forward +€26,903
up €26,903 (+48.5%), from -€55,462 to -€28,559
- Other debts +€19,336
up €19,336 (+134%), from €14,464 to €33,800
- Short-term financial debts -€17,025
down €17,025 (-51.4%), from €33,105 to €16,080
- Accrued charges and deferred income -€16,900
no longer reported in 2025 (was €16,900)
- Trade debts -€4,326
down €4,326 (-74.5%), from €5,809 to €1,483
- Gross operating margin +€80,175
up €80,175, from -€34,375 to €45,800
- Other operating charges -€2,264
down €2,264 (-62.2%), from €3,640 to €1,376
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 | €164,816 | €175,075 | +€10,259 | +6.2% |
| Fixed assets | 21/28 | €1,389 | €1,042 | -€347 | -25.0% |
| Tangible fixed assets | 22/27 | €1,389 | €1,042 | -€347 | -25.0% |
| Plant, machinery and equipment | 23 | €1,389 | €1,042 | -€347 | -25.0% |
| Current assets | 29/58 | €163,427 | €174,033 | +€10,606 | +6.5% |
| Amounts receivable within one year | 40/41 | €159,506 | €173,721 | +€14,215 | +8.9% |
| Trade receivables | 40 | €1,762 | €4,509 | +€2,747 | +156% |
| Other amounts receivable | 41 | €157,744 | €169,212 | +€11,468 | +7.3% |
| Cash at bank and in hand | 54/58 | €3,921 | €39 | -€3,882 | -99.0% |
| Deferred charges and accrued income | 490/1 | - | €273 | +€273 | |
| Total equity and liabilities | 10/49 | €164,816 | €175,075 | +€10,259 | +6.2% |
| Equity | 10/15 | -€40,462 | -€13,559 | +€26,903 | +66.5% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,462 | -€28,559 | +€26,903 | +48.5% |
| Amounts payable | 17/49 | €205,278 | €188,634 | -€16,644 | -8.1% |
| Amounts payable after more than one year | 17 | €135,000 | €135,000 | = | 0.0% |
| Financial debts | 170/4 | €135,000 | €135,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €53,378 | €53,634 | +€256 | +0.5% |
| Financial debts | 43 | €33,105 | €16,080 | -€17,025 | -51.4% |
| Credit institutions | 430/8 | €33,105 | €16,080 | -€17,025 | -51.4% |
| Trade debts | 44 | €5,809 | €1,483 | -€4,326 | -74.5% |
| Suppliers | 440/4 | €5,809 | €1,483 | -€4,326 | -74.5% |
| Taxes, remuneration and social security | 45 | - | €2,271 | +€2,271 | |
| Taxes | 450/3 | - | €2,271 | +€2,271 | |
| Other amounts payable | 47/48 | €14,464 | €33,800 | +€19,336 | +134% |
| Accrued charges and deferred income | 492/3 | €16,900 | - | -€16,900 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €346 | €347 | +€1 | +0.3% |
| Other operating charges | 640/8 | €3,640 | €1,376 | -€2,264 | -62.2% |
| Gross operating margin | 9900 | -€34,375 | €45,800 | +€80,175 | |
| Operating profit (loss) | 9901 | -€38,361 | €44,077 | +€82,438 | |
| Financial charges | 65/66B | €17,101 | €17,069 | -€32 | -0.2% |
| Recurring financial charges | 65 | €17,101 | €17,069 | -€32 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | -€55,462 | €27,008 | +€82,470 | |
| Income taxes | 67/77 | - | €105 | +€105 | |
| Profit (loss) for the period | 9904 | -€55,462 | €26,903 | +€82,365 | |
| Profit (loss) for the period to be appropriated | 9905 | -€55,462 | €26,903 | +€82,365 |
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 31 October 2026 via checked.be.