VON M: 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.
VON M
Largest movements
- Receivables within one year +€18,049
up €18,049 (+34.5%), from €52,367 to €70,415
- Tangible fixed assets -€13,655
down €13,655 (-29.3%), from €46,583 to €32,928
of which Furniture and vehicles: -€13,288
- Cash +€5,846
up €5,846 (+31.7%), from €18,463 to €24,310
mainly Depreciation (+€13,655) and Net result for the year (+€9,994)
- Deferred charges and accrued income +€1,750
new in 2025: €1,750
- Trade debts -€11,247
down €11,247 (-83.0%), from €13,551 to €2,303
- Reserves +€9,994
up €9,994 (+26.9%), from €37,163 to €47,157
- Other debts +€7,798
up €7,798 (+17.6%), from €44,212 to €52,010
- Tax, wage and social debts +€5,446
up €5,446 (+31.1%), from €17,487 to €22,932
of which Remuneration and social security: +€6,750
- Gross operating margin -€28,712
down €28,712 (-48.8%), from €58,828 to €30,116
- Taxes -€8,287
down €8,287 (-61.2%), from €13,530 to €5,243
- Depreciation +€6,397
up €6,397 (+88.1%), from €7,258 to €13,655
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.
Cash bridge derived
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 | €117,413 | €129,403 | +€11,990 | +10.2% |
| Fixed assets | 21/28 | €46,583 | €32,928 | -€13,655 | -29.3% |
| Tangible fixed assets | 22/27 | €46,583 | €32,928 | -€13,655 | -29.3% |
| Plant, machinery and equipment | 23 | €904 | €538 | -€366 | -40.5% |
| Furniture and vehicles | 24 | €45,678 | €32,390 | -€13,288 | -29.1% |
| Current assets | 29/58 | €70,830 | €96,475 | +€25,645 | +36.2% |
| Amounts receivable within one year | 40/41 | €52,367 | €70,415 | +€18,049 | +34.5% |
| Trade receivables | 40 | €52,367 | €70,415 | +€18,049 | +34.5% |
| Cash at bank and in hand | 54/58 | €18,463 | €24,310 | +€5,846 | +31.7% |
| Deferred charges and accrued income | 490/1 | - | €1,750 | +€1,750 | |
| Total equity and liabilities | 10/49 | €117,413 | €129,403 | +€11,990 | +10.2% |
| Equity | 10/15 | €42,163 | €52,157 | +€9,994 | +23.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €37,163 | €47,157 | +€9,994 | +26.9% |
| Distributable reserves | 133 | €37,163 | €47,157 | +€9,994 | +26.9% |
| Amounts payable | 17/49 | €75,250 | €77,246 | +€1,996 | +2.7% |
| Amounts payable within one year | 42/48 | €75,250 | €77,246 | +€1,996 | +2.7% |
| Trade debts | 44 | €13,551 | €2,303 | -€11,247 | -83.0% |
| Suppliers | 440/4 | €13,551 | €2,303 | -€11,247 | -83.0% |
| Taxes, remuneration and social security | 45 | €17,487 | €22,932 | +€5,446 | +31.1% |
| Taxes | 450/3 | €17,487 | €16,182 | -€1,304 | -7.5% |
| Remuneration and social security | 454/9 | - | €6,750 | +€6,750 | |
| Other amounts payable | 47/48 | €44,212 | €52,010 | +€7,798 | +17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,258 | €13,655 | +€6,397 | +88.1% |
| Other operating charges | 640/8 | €807 | €1,077 | +€270 | +33.5% |
| Gross operating margin | 9900 | €58,828 | €30,116 | -€28,712 | -48.8% |
| Operating profit (loss) | 9901 | €50,764 | €15,385 | -€35,379 | -69.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €70 | €148 | +€78 | +111.2% |
| Recurring financial charges | 65 | €70 | €148 | +€78 | +111.2% |
| Profit (loss) for the period before taxes | 9903 | €50,693 | €15,237 | -€35,457 | -69.9% |
| Income taxes | 67/77 | €13,530 | €5,243 | -€8,287 | -61.2% |
| Profit (loss) for the period | 9904 | €37,163 | €9,994 | -€27,170 | -73.1% |
| Profit (loss) for the period to be appropriated | 9905 | €37,163 | €9,994 | -€27,170 | -73.1% |
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 11 October 2026 via checked.be.