VVMS: 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.
VVMS
Largest movements
- Cash +€42,067
up €42,067 (+203%), from €20,681 to €62,749
mainly Net result for the year (+€38,431) and Tax, wage and social debts (+€14,298)
- Receivables within one year +€4,952
up €4,952 (+102%), from €4,835 to €9,787
- Tangible fixed assets +€3,443
new in 2025: €3,443
- Profit (loss) carried forward +€38,431
up €38,431 (+269%), from €14,268 to €52,698
- Tax, wage and social debts +€14,298
up €14,298 (+381%), from €3,749 to €18,047
- Other debts -€1,213
down €1,213 (-17.4%), from €6,954 to €5,741
- Gross operating margin +€35,112
up €35,112 (+171%), from €20,576 to €55,689
- Taxes +€10,549
up €10,549 (+281%), from €3,749 to €14,298
- Other operating charges -€713
down €713 (-60.5%), from €1,179 to €465
- Depreciation +€624
new in 2025: €624
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 | €25,668 | €76,619 | +€50,951 | +199% |
| Fixed assets | 21/28 | - | €3,443 | +€3,443 | |
| Tangible fixed assets | 22/27 | - | €3,443 | +€3,443 | |
| Furniture and vehicles | 24 | - | €3,443 | +€3,443 | |
| Current assets | 29/58 | €25,668 | €73,176 | +€47,508 | +185% |
| Amounts receivable within one year | 40/41 | €4,835 | €9,787 | +€4,952 | +102% |
| Trade receivables | 40 | €4,835 | €9,787 | +€4,952 | +102% |
| Cash at bank and in hand | 54/58 | €20,681 | €62,749 | +€42,067 | +203% |
| Deferred charges and accrued income | 490/1 | €151 | €640 | +€489 | +323% |
| Total equity and liabilities | 10/49 | €25,668 | €76,619 | +€50,951 | +199% |
| Equity | 10/15 | €14,268 | €52,698 | +€38,431 | +269% |
| Profit (loss) carried forward | 14 | €14,268 | €52,698 | +€38,431 | +269% |
| Amounts payable | 17/49 | €11,400 | €23,921 | +€12,521 | +110% |
| Amounts payable within one year | 42/48 | €11,400 | €23,921 | +€12,521 | +110% |
| Trade debts | 44 | €697 | €133 | -€564 | -81.0% |
| Suppliers | 440/4 | €697 | €133 | -€564 | -81.0% |
| Taxes, remuneration and social security | 45 | €3,749 | €18,047 | +€14,298 | +381% |
| Taxes | 450/3 | €3,749 | €18,047 | +€14,298 | +381% |
| Other amounts payable | 47/48 | €6,954 | €5,741 | -€1,213 | -17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €624 | +€624 | |
| Other operating charges | 640/8 | €1,179 | €465 | -€713 | -60.5% |
| Gross operating margin | 9900 | €20,576 | €55,689 | +€35,112 | +171% |
| Operating profit (loss) | 9901 | €19,397 | €54,599 | +€35,202 | +181% |
| Financial income | 75/76B | €15 | €0 | -€15 | -99.9% |
| Recurring financial income | 75 | €15 | €0 | -€15 | -99.9% |
| Financial charges | 65/66B | €1,396 | €1,871 | +€475 | +34.0% |
| Recurring financial charges | 65 | €1,396 | €1,871 | +€475 | +34.0% |
| Profit (loss) for the period before taxes | 9903 | €18,016 | €52,729 | +€34,712 | +193% |
| Income taxes | 67/77 | €3,749 | €14,298 | +€10,549 | +281% |
| Profit (loss) for the period | 9904 | €14,268 | €38,431 | +€24,163 | +169% |
| Profit (loss) for the period to be appropriated | 9905 | €14,268 | €38,431 | +€24,163 | +169% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.