VVM Service: 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.
VVM Service
Largest movements
- Cash -€31,000
down €31,000 (-20.7%), from €150,032 to €119,033
mainly Other debts (-€89,479) and Trade debts (-€25,704)
- Receivables within one year -€15,629
down €15,629 (-57.8%), from €27,031 to €11,402
of which Trade receivables: -€16,392
- Tangible fixed assets +€9,532
up €9,532 (+19.4%), from €49,236 to €58,768
of which Other tangible fixed assets: +€18,474
- Stocks and contracts -€5,284
down €5,284 (-36.6%), from €14,450 to €9,166
- Intangible fixed assets -€3,535
down €3,535 (-11.0%), from €32,270 to €28,735
- Other debts -€89,479
down €89,479 (-59.3%), from €150,776 to €61,297
- Reserves +€77,103
up €77,103 (+1,533%), from €5,029 to €82,133
- Trade debts -€25,704
down €25,704 (-56.6%), from €45,408 to €19,704
- Tax, wage and social debts -€6,884
down €6,884 (-12.6%), from €54,668 to €47,785
of which Taxes: -€11,056
- Staff costs +€74,144
up €74,144 (+68.0%), from €108,997 to €183,141
- Gross operating margin +€49,490
up €49,490 (+17.5%), from €282,422 to €331,912
- Taxes +€21,427
up €21,427 (+115%), from €18,697 to €40,124
- Depreciation +€6,228
up €6,228 (+59.1%), from €10,531 to €16,760
- Financial charges +€4,450
up €4,450 (+97.0%), from €4,588 to €9,038
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 | €274,571 | €229,608 | -€44,963 | -16.4% |
| Fixed assets | 21/28 | €82,156 | €88,153 | +€5,997 | +7.3% |
| Intangible fixed assets | 21 | €32,270 | €28,735 | -€3,535 | -11.0% |
| Tangible fixed assets | 22/27 | €49,236 | €58,768 | +€9,532 | +19.4% |
| Plant, machinery and equipment | 23 | €13,008 | €12,829 | -€179 | -1.4% |
| Furniture and vehicles | 24 | €36,228 | €27,465 | -€8,763 | -24.2% |
| Other tangible fixed assets | 26 | - | €18,474 | +€18,474 | |
| Financial fixed assets | 28 | €650 | €650 | = | 0.0% |
| Current assets | 29/58 | €192,415 | €141,455 | -€50,960 | -26.5% |
| Stocks and contracts in progress | 3 | €14,450 | €9,166 | -€5,284 | -36.6% |
| Stocks | 30/36 | €14,450 | €9,166 | -€5,284 | -36.6% |
| Amounts receivable within one year | 40/41 | €27,031 | €11,402 | -€15,629 | -57.8% |
| Trade receivables | 40 | €24,764 | €8,372 | -€16,392 | -66.2% |
| Other amounts receivable | 41 | €2,267 | €3,030 | +€763 | +33.7% |
| Cash at bank and in hand | 54/58 | €150,032 | €119,033 | -€31,000 | -20.7% |
| Deferred charges and accrued income | 490/1 | €902 | €1,854 | +€952 | +106% |
| Total equity and liabilities | 10/49 | €274,571 | €229,608 | -€44,963 | -16.4% |
| Equity | 10/15 | €23,719 | €100,823 | +€77,103 | +325% |
| Contributions | 10/11 | €18,690 | €18,690 | = | 0.0% |
| Reserves | 13 | €5,029 | €82,133 | +€77,103 | +1,533% |
| Distributable reserves | 133 | €5,029 | €82,133 | +€77,103 | +1,533% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €250,852 | €128,786 | -€122,066 | -48.7% |
| Amounts payable within one year | 42/48 | €250,852 | €128,786 | -€122,066 | -48.7% |
| Trade debts | 44 | €45,408 | €19,704 | -€25,704 | -56.6% |
| Suppliers | 440/4 | €45,408 | €19,704 | -€25,704 | -56.6% |
| Taxes, remuneration and social security | 45 | €54,668 | €47,785 | -€6,884 | -12.6% |
| Taxes | 450/3 | €43,677 | €32,621 | -€11,056 | -25.3% |
| Remuneration and social security | 454/9 | €10,992 | €15,164 | +€4,172 | +38.0% |
| Other amounts payable | 47/48 | €150,776 | €61,297 | -€89,479 | -59.3% |
| Remuneration, social security and pensions | 62 | €108,997 | €183,141 | +€74,144 | +68.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,531 | €16,760 | +€6,228 | +59.1% |
| Other operating charges | 640/8 | €4,466 | €5,938 | +€1,472 | +33.0% |
| Gross operating margin | 9900 | €282,422 | €331,912 | +€49,490 | +17.5% |
| Operating profit (loss) | 9901 | €158,429 | €126,074 | -€32,355 | -20.4% |
| Financial income | 75/76B | €634 | €192 | -€442 | -69.8% |
| Recurring financial income | 75 | €634 | €192 | -€442 | -69.8% |
| Financial charges | 65/66B | €4,588 | €9,038 | +€4,450 | +97.0% |
| Recurring financial charges | 65 | €4,588 | €9,038 | +€4,450 | +97.0% |
| Profit (loss) for the period before taxes | 9903 | €154,475 | €117,227 | -€37,247 | -24.1% |
| Income taxes | 67/77 | €18,697 | €40,124 | +€21,427 | +115% |
| Profit (loss) for the period | 9904 | €135,777 | €77,103 | -€58,674 | -43.2% |
| Profit (loss) for the period to be appropriated | 9905 | €135,777 | €77,103 | -€58,674 | -43.2% |
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 24 October 2026 via checked.be.