VMware Belgium: 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.
VMware Belgium
Largest movements
- Receivables within one year -€5.0m
down €5.0m (-62.5%), from €8.0m to €3.0m
of which Other amounts receivable: -€5.8m
- Financial fixed assets +€3.8m
up €3.8m, from €0 to €3.8m
of which Affiliated companies: +€3.8m
- Profit (loss) carried forward -€3.3m
down €3.3m (-91.5%), from €3.6m to €310,040
- Debts after one year +€2.6m
new in 2025: €2.6m
- Tax, wage and social debts -€646,754
down €646,754 (-29.0%), from €2.2m to €1.6m
of which Taxes: -€750,461
- Trade debts +€167,895
up €167,895 (+221%), from €76,089 to €243,984
- Turnover -€4.8m
down €4.8m (-29.6%), from €16.3m to €11.4m
- Staff costs -€4.6m
down €4.6m (-31.7%), from €14.6m to €10.0m
- Financial charges +€4.3m
up €4.3m (+6,040%), from €71,940 to €4.4m
of which Non-recurring financial charges: +€3.9m
From the 31-10-2024 result to the 31-10-2025 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 31-10-2024 and 31-10-2025 balance sheets and the 31-10-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-10-2024 | 31-10-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,970,549 | €6,760,831 | -€1.2m | -15.2% |
| Fixed assets | 21/28 | €0 | €3,773,733 | +€3.8m | |
| Financial fixed assets | 28 | €0 | €3,773,733 | +€3.8m | |
| Affiliated companies | 280/1 | - | €3,773,733 | +€3.8m | |
| Participating interests | 280 | - | €3,773,733 | +€3.8m | |
| Other financial fixed assets | 284/8 | €0 | - | = | |
| Amounts receivable and cash guarantees | 285/8 | €0 | - | = | |
| Current assets | 29/58 | €7,970,549 | €2,987,098 | -€5.0m | -62.5% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €7,970,549 | €2,987,098 | -€5.0m | -62.5% |
| Trade receivables | 40 | €104,906 | €948,014 | +€843,108 | +804% |
| Other amounts receivable | 41 | €7,865,643 | €2,039,084 | -€5.8m | -74.1% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Deferred charges and accrued income | 490/1 | - | €0 | +€0 | |
| Total equity and liabilities | 10/49 | €7,970,549 | €6,760,831 | -€1.2m | -15.2% |
| Equity | 10/15 | €5,649,367 | €2,320,529 | -€3.3m | -58.9% |
| Contributions | 10/11 | €2,000,000 | €2,000,000 | = | 0.0% |
| Reserves | 13 | €10,489 | €10,489 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,489 | €10,489 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,489 | €10,489 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,638,878 | €310,040 | -€3.3m | -91.5% |
| Amounts payable | 17/49 | €2,321,182 | €4,440,302 | +€2.1m | +91.3% |
| Amounts payable after more than one year | 17 | - | €2,597,403 | +€2.6m | |
| Other amounts payable | 178/9 | - | €2,597,403 | +€2.6m | |
| Amounts payable within one year | 42/48 | €2,311,727 | €1,838,210 | -€473,517 | -20.5% |
| Trade debts | 44 | €76,089 | €243,984 | +€167,895 | +221% |
| Suppliers | 440/4 | €76,089 | €243,984 | +€167,895 | +221% |
| Taxes, remuneration and social security | 45 | €2,232,832 | €1,586,078 | -€646,754 | -29.0% |
| Taxes | 450/3 | €1,198,272 | €447,811 | -€750,461 | -62.6% |
| Remuneration and social security | 454/9 | €1,034,560 | €1,138,267 | +€103,707 | +10.0% |
| Other amounts payable | 47/48 | €2,806 | €8,148 | +€5,343 | +190% |
| Accrued charges and deferred income | 492/3 | €9,455 | €4,689 | -€4,766 | -50.4% |
| Operating income | 70/76A | €16,267,317 | €11,445,153 | -€4.8m | -29.6% |
| Turnover | 70 | €16,267,317 | €11,445,153 | -€4.8m | -29.6% |
| Operating charges | 60/66A | €15,045,608 | €10,353,306 | -€4.7m | -31.2% |
| Services and other goods | 61 | €418,107 | €365,733 | -€52,374 | -12.5% |
| Remuneration, social security and pensions | 62 | €14,627,502 | €9,987,572 | -€4.6m | -31.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €0 | €1 | +€1 | |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Operating profit (loss) | 9901 | €1,221,709 | €1,091,847 | -€129,862 | -10.6% |
| Financial income | 75/76B | €240,283 | €273,983 | +€33,700 | +14.0% |
| Recurring financial income | 75 | €240,283 | €273,983 | +€33,700 | +14.0% |
| Income from current assets | 751 | €240,283 | €273,983 | +€33,700 | +14.0% |
| Other financial income | 752/9 | €0 | - | = | |
| Financial charges | 65/66B | €71,940 | €4,416,809 | +€4.3m | +6,040% |
| Recurring financial charges | 65 | €71,940 | €547,505 | +€475,566 | +661% |
| Other financial charges | 652/9 | €71,940 | €547,505 | +€475,566 | +661% |
| Non-recurring financial charges | 66B | - | €3,869,303 | +€3.9m | |
| Profit (loss) for the period before taxes | 9903 | €1,390,052 | -€3,050,979 | -€4.4m | |
| Income taxes | 67/77 | €416,482 | €277,859 | -€138,623 | -33.3% |
| Taxes | 670/3 | €416,482 | €277,859 | -€138,623 | -33.3% |
| Profit (loss) for the period | 9904 | €973,570 | -€3,328,838 | -€4.3m | |
| Profit (loss) for the period to be appropriated | 9905 | €973,570 | -€3,328,838 | -€4.3m |
Source: filed annual accounts (NBB), financial years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.