VYMAX: 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.
VYMAX
Largest movements
- Financial fixed assets +€116,600
up €116,600 (+15.2%), from €765,405 to €882,005
- Cash +€94,888
up €94,888 (+789%), from €12,028 to €106,916
mainly Net result for the year (+€278,260) and Deferred charges and accrued income (+€78,640)
- Deferred charges and accrued income -€78,640
down €78,640 (-97.9%), from €80,334 to €1,694
- Receivables within one year -€49,928
down €49,928 (-15.7%), from €317,402 to €267,474
of which Other amounts receivable: -€47,491
- Tangible fixed assets -€32,050
down €32,050 (-12.3%), from €260,540 to €228,489
of which Land and buildings: -€31,226
- Profit (loss) carried forward +€278,260
up €278,260 (+47.8%), from €581,985 to €860,245
- Tax, wage and social debts -€115,466
down €115,466 (-86.8%), from €133,086 to €17,620
- Other debts -€79,148
down €79,148 (-46.3%), from €170,774 to €91,625
- Gross operating margin +€263,461
up €263,461 (+179%), from €147,103 to €410,564
- Taxes +€70,266
up €70,266 (+327%), from €21,460 to €91,725
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 | €1,435,709 | €1,486,578 | +€50,870 | +3.5% |
| Fixed assets | 21/28 | €1,025,945 | €1,110,494 | +€84,550 | +8.2% |
| Tangible fixed assets | 22/27 | €260,540 | €228,489 | -€32,050 | -12.3% |
| Land and buildings | 22 | €257,935 | €226,710 | -€31,226 | -12.1% |
| Furniture and vehicles | 24 | €2,604 | €1,780 | -€825 | -31.7% |
| Financial fixed assets | 28 | €765,405 | €882,005 | +€116,600 | +15.2% |
| Current assets | 29/58 | €409,764 | €376,084 | -€33,680 | -8.2% |
| Amounts receivable within one year | 40/41 | €317,402 | €267,474 | -€49,928 | -15.7% |
| Trade receivables | 40 | €10,000 | €7,563 | -€2,438 | -24.4% |
| Other amounts receivable | 41 | €307,402 | €259,912 | -€47,491 | -15.4% |
| Cash at bank and in hand | 54/58 | €12,028 | €106,916 | +€94,888 | +789% |
| Deferred charges and accrued income | 490/1 | €80,334 | €1,694 | -€78,640 | -97.9% |
| Total equity and liabilities | 10/49 | €1,435,709 | €1,486,578 | +€50,870 | +3.5% |
| Equity | 10/15 | €1,002,445 | €1,280,705 | +€278,260 | +27.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €401,860 | €401,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €400,000 | €400,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €581,985 | €860,245 | +€278,260 | +47.8% |
| Amounts payable | 17/49 | €433,264 | €205,874 | -€227,390 | -52.5% |
| Amounts payable after more than one year | 17 | €5,128 | - | -€5,128 | |
| Financial debts | 170/4 | €5,128 | - | -€5,128 | |
| Amounts payable within one year | 42/48 | €398,136 | €186,270 | -€211,866 | -53.2% |
| Current portion of amounts payable after more than one year | 42 | €30,770 | €33,464 | +€2,693 | +8.8% |
| Trade debts | 44 | €54,431 | €43,561 | -€10,870 | -20.0% |
| Suppliers | 440/4 | €54,431 | €43,561 | -€10,870 | -20.0% |
| Advances received on contracts in progress | 46 | €9,075 | - | -€9,075 | |
| Taxes, remuneration and social security | 45 | €133,086 | €17,620 | -€115,466 | -86.8% |
| Taxes | 450/3 | €133,086 | €17,620 | -€115,466 | -86.8% |
| Other amounts payable | 47/48 | €170,774 | €91,625 | -€79,148 | -46.3% |
| Accrued charges and deferred income | 492/3 | €30,000 | €19,604 | -€10,396 | -34.7% |
| Non-recurring operating income | 76A | €33,750 | - | -€33,750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,126 | €32,050 | -€75 | -0.2% |
| Other operating charges | 640/8 | €3,981 | €5,597 | +€1,616 | +40.6% |
| Gross operating margin | 9900 | €147,103 | €410,564 | +€263,461 | +179% |
| Operating profit (loss) | 9901 | €110,996 | €372,916 | +€261,920 | +236% |
| Financial income | 75/76B | €1,035 | €101 | -€935 | -90.3% |
| Recurring financial income | 75 | €1,035 | €101 | -€935 | -90.3% |
| Financial charges | 65/66B | €2,933 | €3,032 | +€99 | +3.4% |
| Recurring financial charges | 65 | €2,933 | €3,032 | +€99 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €109,098 | €369,985 | +€260,887 | +239% |
| Income taxes | 67/77 | €21,460 | €91,725 | +€70,266 | +327% |
| Profit (loss) for the period | 9904 | €87,638 | €278,260 | +€190,621 | +218% |
| Profit (loss) for the period to be appropriated | 9905 | €87,638 | €278,260 | +€190,621 | +218% |
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 26 October 2026 via checked.be.