Vvmed: 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.
Vvmed
Largest movements
- Cash +€168,453
up €168,453 (+56.2%), from €299,925 to €468,378
mainly Net result for the year (+€189,171) and Tax, wage and social debts (+€27,373)
- Deferred charges and accrued income +€27,704
up €27,704 (+26.2%), from €105,611 to €133,315
- Intangible fixed assets -€11,800
down €11,800 (-20.3%), from €58,033 to €46,233
- Tangible fixed assets -€9,764
down €9,764 (-74.8%), from €13,060 to €3,296
of which Furniture and vehicles: -€8,937
- Reserves +€139,171
new in 2025: €139,171
- Tax, wage and social debts +€27,373
up €27,373 (+188.2%), from €14,544 to €41,917
- Other debts +€26,319
up €26,319 (+6.4%), from €409,784 to €436,103
- Debts after one year -€10,208
down €10,208 (-55.3%), from €18,453 to €8,245
- Gross operating margin +€153,069
up €153,069 (+88.4%), from €173,211 to €326,280
- Taxes +€41,527
up €41,527 (+301.9%), from €13,754 to €55,281
- Financial charges +€16,448
up €16,448 (+37.9%), from €43,429 to €59,877
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 | €476,629 | €651,222 | +€174,593 | +36.6% |
| Fixed assets | 21/28 | €71,093 | €49,529 | -€21,564 | -30.3% |
| Intangible fixed assets | 21 | €58,033 | €46,233 | -€11,800 | -20.3% |
| Tangible fixed assets | 22/27 | €13,060 | €3,296 | -€9,764 | -74.8% |
| Plant, machinery and equipment | 23 | €2,252 | €1,425 | -€827 | -36.7% |
| Furniture and vehicles | 24 | €10,808 | €1,871 | -€8,937 | -82.7% |
| Current assets | 29/58 | €405,536 | €601,693 | +€196,157 | +48.4% |
| Cash at bank and in hand | 54/58 | €299,925 | €468,378 | +€168,453 | +56.2% |
| Deferred charges and accrued income | 490/1 | €105,611 | €133,315 | +€27,704 | +26.2% |
| Total equity and liabilities | 10/49 | €476,629 | €651,222 | +€174,593 | +36.6% |
| Equity | 10/15 | €4,500 | €143,671 | +€139,171 | +3092.7% |
| Contributions | 10/11 | €4,500 | €4,500 | = | 0.0% |
| Reserves | 13 | - | €139,171 | +€139,171 | |
| Distributable reserves | 133 | - | €139,171 | +€139,171 | |
| Profit (loss) carried forward | 14 | - | €0 | +€0 | |
| Amounts payable | 17/49 | €472,129 | €507,551 | +€35,422 | +7.5% |
| Amounts payable after more than one year | 17 | €18,453 | €8,245 | -€10,208 | -55.3% |
| Financial debts | 170/4 | €18,453 | €8,245 | -€10,208 | -55.3% |
| Amounts payable within one year | 42/48 | €453,676 | €499,306 | +€45,630 | +10.1% |
| Current portion of amounts payable after more than one year | 42 | €16,314 | €10,208 | -€6,106 | -37.4% |
| Trade debts | 44 | €13,034 | €11,078 | -€1,956 | -15.0% |
| Suppliers | 440/4 | €13,034 | €11,078 | -€1,956 | -15.0% |
| Taxes, remuneration and social security | 45 | €14,544 | €41,917 | +€27,373 | +188.2% |
| Taxes | 450/3 | €14,544 | €41,917 | +€27,373 | +188.2% |
| Other amounts payable | 47/48 | €409,784 | €436,103 | +€26,319 | +6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,880 | €21,564 | -€316 | -1.4% |
| Other operating charges | 640/8 | €524 | €387 | -€137 | -26.1% |
| Gross operating margin | 9900 | €173,211 | €326,280 | +€153,069 | +88.4% |
| Operating profit (loss) | 9901 | €150,807 | €304,329 | +€153,522 | +101.8% |
| Financial charges | 65/66B | €43,429 | €59,877 | +€16,448 | +37.9% |
| Recurring financial charges | 65 | €43,429 | €59,877 | +€16,448 | +37.9% |
| Profit (loss) for the period before taxes | 9903 | €107,378 | €244,452 | +€137,074 | +127.7% |
| Income taxes | 67/77 | €13,754 | €55,281 | +€41,527 | +301.9% |
| Profit (loss) for the period | 9904 | €93,624 | €189,171 | +€95,547 | +102.1% |
| Profit (loss) for the period to be appropriated | 9905 | €93,624 | €189,171 | +€95,547 | +102.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.