VUMI: 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.
What changed
VUMI
NACE 68.110, Buying and selling of own real estate
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€27,024
2023 · -€65,457+€38,433
Equity
€396,445
2023 · €423,469-€27,024
Cash
€19,327
2023 · €14,273+€5,054
Balance sheet total
€1.4m
2023 · €1.4m-€84,800
Largest movements
Assets
- Receivables after one year -€64,315
down €64,315 (-18.0%), from €357,709 to €293,394
Equity and liabilities
- Short-term financial debts +€100,000
up €100,000 (+133.3%), from €75,000 to €175,000
- Current portion of long-term debt -€98,913
down €98,913 (-73.6%), from €134,467 to €35,554
- Debts after one year -€35,554
down €35,554 (-5.4%), from €662,016 to €626,462
of which Financial debts: -€35,554
- Reserves -€18,649
down €18,649 (-3.4%), from €556,185 to €537,537
of which Tax-exempt reserves: -€16,649
- Trade debts -€14,484
down €14,484 (-71.5%), from €20,246 to €5,762
Income statement
- Gross operating margin +€44,143
up €44,143, from -€6,784 to €37,359
- Financial income -€7,685
down €7,685 (-89.0%), from €8,636 to €952
of which Non-recurring financial income: -€8,636
- Depreciation +€2,240
up €2,240 (+9.2%), from €24,244 to €26,484
From the 2023 result to the 2024 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.
Result 2023
-€65,457
Gross operating margin
+€44,143
Depreciation
-€2,240
Other operating charges
+€58
Other operating items
+€3,986
Financial income
-€7,685
Financial charges
+€174
Taxes
-€3
Result 2024
-€27,024
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€50,323
Investment
-€10,802
Financing
-€34,467
Cash 2023
€14,273
From operations (derived)
+€50,323
Net result for the year
-€27,024
Depreciation
+€26,484
Receivables after one year
+€64,315
Stocks and contracts
-€3,072
Receivables within one year
+€12,713
Deferred charges and accrued income
+€215
Provisions
-€4,162
Trade debts
-€14,484
Tax, wage and social debts
-€4,117
Other debts
-€546
Investment (derived)
-€10,802
Investment in fixed assets (net)
-€15,802
Current investments
+€5,001
Financing
-€34,467
Debts after one year
-€35,554
Current portion of long-term debt
-€98,913
Short-term financial debts
+€100,000
Cash 2024
€19,327
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,447,848 | €1,363,048 | -€84,800 | -5.9% |
| Fixed assets | 21/28 | €738,435 | €727,753 | -€10,682 | -1.4% |
| Tangible fixed assets | 22/27 | €738,435 | €727,753 | -€10,682 | -1.4% |
| Land and buildings | 22 | €736,181 | €725,615 | -€10,566 | -1.4% |
| Plant, machinery and equipment | 23 | €652 | €392 | -€260 | -39.9% |
| Furniture and vehicles | 24 | €1,602 | €1,747 | +€145 | +9.0% |
| Current assets | 29/58 | €709,412 | €635,294 | -€74,118 | -10.4% |
| Amounts receivable after more than one year | 29 | €357,709 | €293,394 | -€64,315 | -18.0% |
| Other amounts receivable | 291 | €357,709 | €293,394 | -€64,315 | -18.0% |
| Stocks and contracts in progress | 3 | €281,788 | €284,860 | +€3,072 | +1.1% |
| Stocks | 30/36 | €281,788 | €284,860 | +€3,072 | +1.1% |
| Amounts receivable within one year | 40/41 | €45,551 | €32,838 | -€12,713 | -27.9% |
| Trade receivables | 40 | €45,044 | €15,034 | -€30,010 | -66.6% |
| Other amounts receivable | 41 | €507 | €17,804 | +€17,297 | +3413.6% |
| Current investments | 50/53 | €5,001 | €0 | -€5,001 | -100.0% |
| Cash at bank and in hand | 54/58 | €14,273 | €19,327 | +€5,054 | +35.4% |
| Deferred charges and accrued income | 490/1 | €5,090 | €4,875 | -€215 | -4.2% |
| Total equity and liabilities | 10/49 | €1,447,848 | €1,363,048 | -€84,800 | -5.9% |
| Equity | 10/15 | €423,469 | €396,445 | -€27,024 | -6.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €556,185 | €537,537 | -€18,649 | -3.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €499,464 | €482,815 | -€16,649 | -3.3% |
| Distributable reserves | 133 | €56,721 | €54,721 | -€2,000 | -3.5% |
| Profit (loss) carried forward | 14 | -€152,717 | -€161,092 | -€8,375 | -5.5% |
| Provisions and deferred taxes | 16 | €124,866 | €120,704 | -€4,162 | -3.3% |
| Deferred taxes | 168 | €124,866 | €120,704 | -€4,162 | -3.3% |
| Amounts payable | 17/49 | €899,513 | €845,899 | -€53,613 | -6.0% |
| Amounts payable after more than one year | 17 | €662,016 | €626,462 | -€35,554 | -5.4% |
| Financial debts | 170/4 | €562,016 | €526,462 | -€35,554 | -6.3% |
| Other amounts payable | 178/9 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €237,497 | €219,437 | -€18,060 | -7.6% |
| Current portion of amounts payable after more than one year | 42 | €134,467 | €35,554 | -€98,913 | -73.6% |
| Financial debts | 43 | €75,000 | €175,000 | +€100,000 | +133.3% |
| Credit institutions | 430/8 | €75,000 | €175,000 | +€100,000 | +133.3% |
| Trade debts | 44 | €20,246 | €5,762 | -€14,484 | -71.5% |
| Suppliers | 440/4 | €20,246 | €5,762 | -€14,484 | -71.5% |
| Taxes, remuneration and social security | 45 | €7,238 | €3,121 | -€4,117 | -56.9% |
| Taxes | 450/3 | €7,238 | €3,121 | -€4,117 | -56.9% |
| Other amounts payable | 47/48 | €546 | €0 | -€546 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,244 | €26,484 | +€2,240 | +9.2% |
| Other operating charges | 640/8 | €6,654 | €6,596 | -€58 | -0.9% |
| Non-recurring operating charges | 66A | €3,986 | €0 | -€3,986 | -100.0% |
| Gross operating margin | 9900 | -€6,784 | €37,359 | +€44,143 | |
| Operating profit (loss) | 9901 | -€41,667 | €4,279 | +€45,946 | |
| Financial income | 75/76B | €8,636 | €952 | -€7,685 | -89.0% |
| Recurring financial income | 75 | €1 | €952 | +€951 | +146318.5% |
| Non-recurring financial income | 76B | €8,636 | €0 | -€8,636 | -100.0% |
| Financial charges | 65/66B | €36,588 | €36,415 | -€174 | -0.5% |
| Recurring financial charges | 65 | €36,588 | €36,415 | -€174 | -0.5% |
| Profit (loss) for the period before taxes | 9903 | -€69,619 | -€31,184 | +€38,435 | +55.2% |
| Transfer from deferred taxes | 780 | €4,162 | €4,162 | = | 0.0% |
| Income taxes | 67/77 | - | €3 | +€3 | |
| Profit (loss) for the period | 9904 | -€65,457 | -€27,024 | +€38,433 | +58.7% |
| Transfer from tax-exempt reserves | 789 | €16,649 | €16,649 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€48,808 | -€10,375 | +€38,433 | +78.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.