The adventurous, young Madeline is very good at getting into trouble, but she's also fantastic at solving problems as well, and her school-mistress Miss Clavel is not too approving of her. The biggest problem comes up when Lord Covington decides to sell Madeline's school.
1954 Magnat Debon TerroT VMS2 125ccm http://www.terrot.org/musee_terrot/main.php?ID_type=174 http://tomsgarage.org/images/Magnat-Debon%20S1%2001.jpg
Thanks andrepa for the hint. But I think it's a Terrot (by the badge). This one has no air outlets, so it is a VSM 1? On the other hand, in the net there are also pictures of VSM 2 with no air outlets....