VUMECO: 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.
VUMECO
Largest movements
- Cash -€58,433
down €58,433 (-20.5%), from €284,462 to €226,029
mainly Other debts (-€45,875) and Net result for the year (-€10,129)
- Tangible fixed assets -€9,642
down €9,642 (-16.4%), from €58,772 to €49,130
of which Land and buildings: -€6,220
- Other debts -€45,875
down €45,875 (-49.4%), from €92,805 to €46,929
- Profit (loss) carried forward -€10,129
down €10,129 (-86.5%), from -€11,716 to -€21,845
- Current portion of long-term debt -€6,718
down €6,718 (-83.3%), from €8,068 to €1,350
- Tax, wage and social debts -€4,718
down €4,718 (-41.0%), from €11,518 to €6,800
- Trade debts -€3,692
down €3,692 (-32.5%), from €11,372 to €7,680
- Gross operating margin -€10,620
down €10,620 (-28.9%), from €36,764 to €26,143
- Financial charges +€1,554
up €1,554 (+20.8%), from €7,478 to €9,032
- Financial income +€1,327
up €1,327 (+232%), from €573 to €1,900
- Taxes -€1,161
down €1,161 (-14.7%), from €7,895 to €6,733
- Depreciation +€654
up €654 (+3.6%), from €18,120 to €18,773
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.
Derived cash bridge
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 | €362,372 | €291,488 | -€70,883 | -19.6% |
| Fixed assets | 21/28 | €58,772 | €49,130 | -€9,642 | -16.4% |
| Tangible fixed assets | 22/27 | €58,772 | €49,130 | -€9,642 | -16.4% |
| Land and buildings | 22 | €32,500 | €26,279 | -€6,220 | -19.1% |
| Plant, machinery and equipment | 23 | €11,578 | €9,880 | -€1,698 | -14.7% |
| Furniture and vehicles | 24 | €4,798 | €4,508 | -€290 | -6.0% |
| Other tangible fixed assets | 26 | €9,896 | €8,463 | -€1,433 | -14.5% |
| Current assets | 29/58 | €303,600 | €242,359 | -€61,241 | -20.2% |
| Amounts receivable within one year | 40/41 | €19,138 | €16,330 | -€2,808 | -14.7% |
| Trade receivables | 40 | €19,138 | €15,974 | -€3,164 | -16.5% |
| Other amounts receivable | 41 | - | €356 | +€356 | |
| Cash at bank and in hand | 54/58 | €284,462 | €226,029 | -€58,433 | -20.5% |
| Total equity and liabilities | 10/49 | €362,372 | €291,488 | -€70,883 | -19.6% |
| Equity | 10/15 | €99,484 | €89,355 | -€10,129 | -10.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €11,200 | €11,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,200 | €11,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,716 | -€21,845 | -€10,129 | -86.5% |
| Amounts payable | 17/49 | €262,888 | €202,134 | -€60,754 | -23.1% |
| Amounts payable after more than one year | 17 | €131,350 | €130,000 | -€1,350 | -1.0% |
| Financial debts | 170/4 | €131,350 | €130,000 | -€1,350 | -1.0% |
| Amounts payable within one year | 42/48 | €123,763 | €62,759 | -€61,003 | -49.3% |
| Current portion of amounts payable after more than one year | 42 | €8,068 | €1,350 | -€6,718 | -83.3% |
| Trade debts | 44 | €11,372 | €7,680 | -€3,692 | -32.5% |
| Suppliers | 440/4 | €11,372 | €7,680 | -€3,692 | -32.5% |
| Taxes, remuneration and social security | 45 | €11,518 | €6,800 | -€4,718 | -41.0% |
| Taxes | 450/3 | €11,518 | €6,800 | -€4,718 | -41.0% |
| Other amounts payable | 47/48 | €92,805 | €46,929 | -€45,875 | -49.4% |
| Accrued charges and deferred income | 492/3 | €7,776 | €9,374 | +€1,599 | +20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,120 | €18,773 | +€654 | +3.6% |
| Other operating charges | 640/8 | €3,544 | €3,633 | +€89 | +2.5% |
| Gross operating margin | 9900 | €36,764 | €26,143 | -€10,620 | -28.9% |
| Operating profit (loss) | 9901 | €15,100 | €3,737 | -€11,364 | -75.3% |
| Financial income | 75/76B | €573 | €1,900 | +€1,327 | +232% |
| Recurring financial income | 75 | €573 | €1,900 | +€1,327 | +232% |
| Financial charges | 65/66B | €7,478 | €9,032 | +€1,554 | +20.8% |
| Recurring financial charges | 65 | €7,478 | €9,032 | +€1,554 | +20.8% |
| Profit (loss) for the period before taxes | 9903 | €8,195 | -€3,396 | -€11,590 | |
| Income taxes | 67/77 | €7,895 | €6,733 | -€1,161 | -14.7% |
| Profit (loss) for the period | 9904 | €300 | -€10,129 | -€10,429 | |
| Profit (loss) for the period to be appropriated | 9905 | €300 | -€10,129 | -€10,429 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.