VUMAT: 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.
VUMAT
Largest movements
- Cash -€4,263
down €4,263 (-65.4%), from €6,518 to €2,255
mainly Investment in fixed assets (net) (-€9,839) and Debts after one year (-€5,900)
- Tangible fixed assets +€3,496
up €3,496 (+7.6%), from €45,993 to €49,488
of which Land and buildings: +€8,898
- Debts after one year -€5,900
down €5,900 (-20.0%), from €29,428 to €23,528
- Reserves +€3,793
up €3,793 (+59.2%), from €6,407 to €10,200
- Tax, wage and social debts +€1,322
up €1,322 (+232.3%), from €569 to €1,891
- Current portion of long-term debt -€1,206
down €1,206 (-15.3%), from €7,863 to €6,657
- Other debts +€1,203
up €1,203 (+12.7%), from €9,510 to €10,714
- Depreciation -€2,694
down €2,694 (-29.8%), from €9,036 to €6,343
- Taxes +€1,260
up €1,260 (+61.1%), from €2,063 to €3,322
- Other operating charges -€777
down €777 (-22.2%), from €3,496 to €2,718
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 | €68,521 | €67,723 | -€798 | -1.2% |
| Fixed assets | 21/28 | €46,072 | €49,568 | +€3,496 | +7.6% |
| Tangible fixed assets | 22/27 | €45,993 | €49,488 | +€3,496 | +7.6% |
| Land and buildings | 22 | €18,744 | €27,643 | +€8,898 | +47.5% |
| Plant, machinery and equipment | 23 | €12,765 | €9,918 | -€2,847 | -22.3% |
| Furniture and vehicles | 24 | €791 | €685 | -€107 | -13.5% |
| Other tangible fixed assets | 26 | €13,692 | €11,243 | -€2,449 | -17.9% |
| Financial fixed assets | 28 | €79 | €79 | = | 0.0% |
| Current assets | 29/58 | €22,449 | €18,155 | -€4,294 | -19.1% |
| Amounts receivable after more than one year | 29 | €15,000 | €15,000 | = | 0.0% |
| Other amounts receivable | 291 | €15,000 | €15,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €6,518 | €2,255 | -€4,263 | -65.4% |
| Deferred charges and accrued income | 490/1 | €931 | €900 | -€31 | -3.3% |
| Total equity and liabilities | 10/49 | €68,521 | €67,723 | -€798 | -1.2% |
| Equity | 10/15 | €21,079 | €24,872 | +€3,793 | +18.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,407 | €10,200 | +€3,793 | +59.2% |
| Distributable reserves | 133 | €6,407 | €10,200 | +€3,793 | +59.2% |
| Profit (loss) carried forward | 14 | -€3,928 | -€3,928 | = | 0.0% |
| Amounts payable | 17/49 | €47,442 | €42,851 | -€4,591 | -9.7% |
| Amounts payable after more than one year | 17 | €29,428 | €23,528 | -€5,900 | -20.0% |
| Financial debts | 170/4 | €29,428 | €23,528 | -€5,900 | -20.0% |
| Amounts payable within one year | 42/48 | €18,014 | €19,323 | +€1,309 | +7.3% |
| Current portion of amounts payable after more than one year | 42 | €7,863 | €6,657 | -€1,206 | -15.3% |
| Trade debts | 44 | €71 | €61 | -€10 | -14.1% |
| Suppliers | 440/4 | €71 | €61 | -€10 | -14.1% |
| Taxes, remuneration and social security | 45 | €569 | €1,891 | +€1,322 | +232.3% |
| Taxes | 450/3 | €569 | €1,891 | +€1,322 | +232.3% |
| Other amounts payable | 47/48 | €9,510 | €10,714 | +€1,203 | +12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,036 | €6,343 | -€2,694 | -29.8% |
| Other operating charges | 640/8 | €3,496 | €2,718 | -€777 | -22.2% |
| Gross operating margin | 9900 | €18,292 | €18,322 | +€30 | +0.2% |
| Operating profit (loss) | 9901 | €5,760 | €9,261 | +€3,501 | +60.8% |
| Financial income | 75/76B | €957 | €828 | -€129 | -13.5% |
| Recurring financial income | 75 | €957 | €828 | -€129 | -13.5% |
| Financial charges | 65/66B | €1,468 | €1,285 | -€182 | -12.4% |
| Recurring financial charges | 65 | €1,468 | €1,285 | -€182 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €5,249 | €8,804 | +€3,554 | +67.7% |
| Income taxes | 67/77 | €2,063 | €3,322 | +€1,260 | +61.1% |
| Profit (loss) for the period | 9904 | €3,186 | €5,481 | +€2,295 | +72.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,186 | €5,481 | +€2,295 | +72.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.