VMV CONSTRUCTION: 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.
VMV CONSTRUCTION
Largest movements
- Deferred charges and accrued income +€149,851
up €149,851 (+267.1%), from €56,096 to €205,947
- Cash +€5,766
new in 2024: €5,766
mainly Current portion of long-term debt (+€164,469) and Trade debts (+€33,288)
- Current portion of long-term debt +€164,469
up €164,469 (+118.6%), from €138,670 to €303,139
- Trade debts +€33,288
up €33,288 (+187.2%), from €17,783 to €51,071
- Other debts -€32,188
down €32,188 (-65.1%), from €49,438 to €17,249
- Profit (loss) carried forward -€13,211
down €13,211 (-11.3%), from -€117,216 to -€130,426
- Gross operating margin +€7,572
up €7,572 (+48.7%), from -€15,541 to -€7,970
- Other operating charges +€3,469
up €3,469 (+632.3%), from €549 to €4,017
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 | €147,076 | €300,888 | +€153,812 | +104.6% |
| Fixed assets | 21/28 | €3,337 | €2,967 | -€371 | -11.1% |
| Tangible fixed assets | 22/27 | €2,837 | €1,967 | -€871 | -30.7% |
| Plant, machinery and equipment | 23 | €826 | €450 | -€377 | -45.6% |
| Furniture and vehicles | 24 | €2,011 | €1,517 | -€494 | -24.6% |
| Financial fixed assets | 28 | €500 | €1,000 | +€500 | +100.0% |
| Current assets | 29/58 | €143,739 | €297,921 | +€154,183 | +107.3% |
| Amounts receivable within one year | 40/41 | €87,643 | €86,209 | -€1,434 | -1.6% |
| Trade receivables | 40 | €79,663 | €61,559 | -€18,104 | -22.7% |
| Other amounts receivable | 41 | €7,980 | €24,650 | +€16,670 | +208.9% |
| Cash at bank and in hand | 54/58 | - | €5,766 | +€5,766 | |
| Deferred charges and accrued income | 490/1 | €56,096 | €205,947 | +€149,851 | +267.1% |
| Total equity and liabilities | 10/49 | €147,076 | €300,888 | +€153,812 | +104.6% |
| Equity | 10/15 | -€59,326 | -€72,537 | -€13,211 | -22.3% |
| Contributions | 10/11 | €18,593 | €18,593 | = | 0.0% |
| Reserves | 13 | €39,297 | €39,297 | = | 0.0% |
| Non-distributable reserves | 130/1 | €37,854 | €37,854 | = | 0.0% |
| Reserves not available under the articles | 1311 | €37,854 | €37,854 | = | 0.0% |
| Distributable reserves | 133 | €1,443 | €1,443 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€117,216 | -€130,426 | -€13,211 | -11.3% |
| Amounts payable | 17/49 | €206,402 | €373,425 | +€167,023 | +80.9% |
| Amounts payable after more than one year | 17 | €392 | - | -€392 | |
| Other amounts payable | 178/9 | €392 | - | -€392 | |
| Amounts payable within one year | 42/48 | €206,011 | €371,675 | +€165,664 | +80.4% |
| Current portion of amounts payable after more than one year | 42 | €138,670 | €303,139 | +€164,469 | +118.6% |
| Financial debts | 43 | €47 | - | -€47 | |
| Credit institutions | 430/8 | €47 | - | -€47 | |
| Trade debts | 44 | €17,783 | €51,071 | +€33,288 | +187.2% |
| Suppliers | 440/4 | €17,783 | €51,071 | +€33,288 | +187.2% |
| Taxes, remuneration and social security | 45 | €73 | €216 | +€142 | +194.9% |
| Taxes | 450/3 | €73 | €216 | +€142 | +194.9% |
| Other amounts payable | 47/48 | €49,438 | €17,249 | -€32,188 | -65.1% |
| Accrued charges and deferred income | 492/3 | - | €1,750 | +€1,750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €762 | €871 | +€108 | +14.2% |
| Other operating charges | 640/8 | €549 | €4,017 | +€3,469 | +632.3% |
| Gross operating margin | 9900 | -€15,541 | -€7,970 | +€7,572 | +48.7% |
| Operating profit (loss) | 9901 | -€16,852 | -€12,858 | +€3,994 | +23.7% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €104 | €210 | +€107 | +103.2% |
| Recurring financial charges | 65 | €104 | €210 | +€107 | +103.2% |
| Profit (loss) for the period before taxes | 9903 | -€16,955 | -€13,068 | +€3,887 | +22.9% |
| Income taxes | 67/77 | €73 | €142 | +€69 | +94.9% |
| Profit (loss) for the period | 9904 | -€17,028 | -€13,211 | +€3,817 | +22.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,028 | -€13,211 | +€3,817 | +22.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.