2M Vastgoed: 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.
2M Vastgoed
Largest movements
- Tangible fixed assets +€411,397
up €411,397 (+134%), from €307,780 to €719,177
- Debts after one year +€287,268
up €287,268 (+111%), from €259,009 to €546,277
- Other debts +€123,700
up €123,700 (+326%), from €38,000 to €161,700
- Profit (loss) carried forward -€25,155
new in 2025: -€25,155
- Current portion of long-term debt +€17,197
up €17,197 (+122%), from €14,145 to €31,342
- Other operating charges +€28,240
up €28,240 (+2,368%), from €1,193 to €29,433
- Gross operating margin +€16,504
up €16,504 (+87.6%), from €18,842 to €35,346
- Financial charges +€9,484
up €9,484 (+151%), from €6,302 to €15,786
- Depreciation +€7,720
up €7,720 (+102%), from €7,599 to €15,319
- Taxes -€937
down €937 (-100%), from €937 to €0
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 | €318,606 | €731,145 | +€412,539 | +129% |
| Fixed assets | 21/28 | €307,780 | €719,177 | +€411,397 | +134% |
| Tangible fixed assets | 22/27 | €307,780 | €719,177 | +€411,397 | +134% |
| Land and buildings | 22 | €307,780 | €719,177 | +€411,397 | +134% |
| Current assets | 29/58 | €10,826 | €11,968 | +€1,142 | +10.5% |
| Amounts receivable within one year | 40/41 | €1,890 | €2,042 | +€152 | +8.0% |
| Trade receivables | 40 | €1,890 | €1,525 | -€365 | -19.3% |
| Other amounts receivable | 41 | - | €517 | +€517 | |
| Cash at bank and in hand | 54/58 | €8,779 | €9,186 | +€406 | +4.6% |
| Deferred charges and accrued income | 490/1 | €157 | €740 | +€584 | +373% |
| Total equity and liabilities | 10/49 | €318,606 | €731,145 | +€412,539 | +129% |
| Equity | 10/15 | €4,811 | -€20,344 | -€25,155 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €2,811 | €2,811 | = | 0.0% |
| Distributable reserves | 133 | €2,811 | €2,811 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€25,155 | -€25,155 | |
| Amounts payable | 17/49 | €313,795 | €751,489 | +€437,694 | +139% |
| Amounts payable after more than one year | 17 | €259,009 | €546,277 | +€287,268 | +111% |
| Financial debts | 170/4 | €259,009 | €546,277 | +€287,268 | +111% |
| Amounts payable within one year | 42/48 | €54,785 | €201,161 | +€146,376 | +267% |
| Current portion of amounts payable after more than one year | 42 | €14,145 | €31,342 | +€17,197 | +122% |
| Trade debts | 44 | - | €2,508 | +€2,508 | |
| Suppliers | 440/4 | - | €2,508 | +€2,508 | |
| Taxes, remuneration and social security | 45 | €2,640 | €5,611 | +€2,971 | +113% |
| Taxes | 450/3 | €2,640 | €5,611 | +€2,971 | +113% |
| Other amounts payable | 47/48 | €38,000 | €161,700 | +€123,700 | +326% |
| Accrued charges and deferred income | 492/3 | - | €4,050 | +€4,050 | |
| Non-recurring operating income | 76A | €3,000 | €7,890 | +€4,890 | +163% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,599 | €15,319 | +€7,720 | +102% |
| Other operating charges | 640/8 | €1,193 | €29,433 | +€28,240 | +2,368% |
| Gross operating margin | 9900 | €18,842 | €35,346 | +€16,504 | +87.6% |
| Operating profit (loss) | 9901 | €10,050 | -€9,406 | -€19,456 | |
| Financial income | 75/76B | - | €37 | +€37 | |
| Recurring financial income | 75 | - | €37 | +€37 | |
| Financial charges | 65/66B | €6,302 | €15,786 | +€9,484 | +151% |
| Recurring financial charges | 65 | €6,302 | €15,786 | +€9,484 | +151% |
| Profit (loss) for the period before taxes | 9903 | €3,748 | -€25,155 | -€28,903 | |
| Income taxes | 67/77 | €937 | €0 | -€937 | -100% |
| Profit (loss) for the period | 9904 | €2,811 | -€25,155 | -€27,966 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,811 | -€25,155 | -€27,966 |
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 29 October 2026 via checked.be.