VMV Green: what changed
VMV Green
Largest movements
- Deferred charges and accrued income -€4,203
down €4,203 (-46.7%), from €9,000 to €4,797
- Tangible fixed assets -€3,974
down €3,974 (-44.5%), from €8,930 to €4,956
of which Plant, machinery and equipment: -€3,709
- Receivables within one year -€3,465
down €3,465 (-12.9%), from €26,808 to €23,344
of which Other amounts receivable: -€6,251
- Stocks and contracts -€1,574
down €1,574 (-8.0%), from €19,670 to €18,096
- Financial fixed assets -€1,350
no longer reported in 2025 (was €1,350)
- Trade debts -€19,291
down €19,291 (-32.0%), from €60,316 to €41,025
- Other debts +€1,971
up €1,971 (+111%), from €1,773 to €3,744
- Current portion of long-term debt +€1,498
new in 2025: €1,498
- Profit (loss) carried forward +€1,320
up €1,320 (+2.0%), from -€64,682 to -€63,361
- Gross operating margin +€40,795
up €40,795, from -€29,278 to €11,517
- Staff costs -€3,114
down €3,114 (-91.2%), from €3,414 to €301
- Financial charges -€625
down €625 (-23.7%), from €2,643 to €2,018
- Financial income +€471
up €471 (+2,299%), from €21 to €492
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts. So the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €65,759 | €51,193 | -€14,565 | -22.1% |
| Fixed assets | 21/28 | €10,280 | €4,956 | -€5,324 | -51.8% |
| Tangible fixed assets | 22/27 | €8,930 | €4,956 | -€3,974 | -44.5% |
| Plant, machinery and equipment | 23 | €8,664 | €4,956 | -€3,709 | -42.8% |
| Furniture and vehicles | 24 | €265 | - | -€265 | |
| Financial fixed assets | 28 | €1,350 | - | -€1,350 | |
| Current assets | 29/58 | €55,479 | €46,237 | -€9,241 | -16.7% |
| Stocks and contracts in progress | 3 | €19,670 | €18,096 | -€1,574 | -8.0% |
| Stocks | 30/36 | €19,670 | €18,096 | -€1,574 | -8.0% |
| Amounts receivable within one year | 40/41 | €26,808 | €23,344 | -€3,465 | -12.9% |
| Trade receivables | 40 | €10,639 | €13,425 | +€2,786 | +26.2% |
| Other amounts receivable | 41 | €16,170 | €9,919 | -€6,251 | -38.7% |
| Current investments | 50/53 | €0 | €0 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €9,000 | €4,797 | -€4,203 | -46.7% |
| Total equity and liabilities | 10/49 | €65,759 | €51,193 | -€14,565 | -22.1% |
| Equity | 10/15 | -€16,295 | -€14,975 | +€1,320 | +8.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €28,386 | €28,386 | = | 0.0% |
| Distributable reserves | 133 | €28,386 | €28,386 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,682 | -€63,361 | +€1,320 | +2.0% |
| Amounts payable | 17/49 | €82,054 | €66,168 | -€15,886 | -19.4% |
| Amounts payable within one year | 42/48 | €82,054 | €66,112 | -€15,942 | -19.4% |
| Current portion of amounts payable after more than one year | 42 | - | €1,498 | +€1,498 | |
| Financial debts | 43 | €19,597 | €19,728 | +€131 | +0.7% |
| Credit institutions | 430/8 | €19,597 | €19,728 | +€131 | +0.7% |
| Trade debts | 44 | €60,316 | €41,025 | -€19,291 | -32.0% |
| Suppliers | 440/4 | €60,316 | €41,025 | -€19,291 | -32.0% |
| Taxes, remuneration and social security | 45 | €368 | €117 | -€251 | -68.2% |
| Taxes | 450/3 | €368 | €117 | -€251 | -68.2% |
| Other amounts payable | 47/48 | €1,773 | €3,744 | +€1,971 | +111% |
| Accrued charges and deferred income | 492/3 | - | €56 | +€56 | |
| Remuneration, social security and pensions | 62 | €3,414 | €301 | -€3,114 | -91.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,071 | €3,974 | -€97 | -2.4% |
| Other operating charges | 640/8 | €792 | €947 | +€155 | +19.5% |
| Non-recurring operating charges | 66A | - | €3,449 | +€3,449 | |
| Gross operating margin | 9900 | -€29,278 | €11,517 | +€40,795 | |
| Operating profit (loss) | 9901 | -€37,556 | €2,846 | +€40,403 | |
| Financial income | 75/76B | €21 | €492 | +€471 | +2,299% |
| Recurring financial income | 75 | €21 | €492 | +€471 | +2,299% |
| Financial charges | 65/66B | €2,643 | €2,018 | -€625 | -23.7% |
| Recurring financial charges | 65 | €2,643 | €2,018 | -€625 | -23.7% |
| Profit (loss) for the period before taxes | 9903 | -€40,179 | €1,320 | +€41,500 | |
| Profit (loss) for the period | 9904 | -€40,179 | €1,320 | +€41,500 | |
| Profit (loss) for the period to be appropriated | 9905 | -€40,179 | €1,320 | +€41,500 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.