3M 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.
3M VASTGOED
Largest movements
- Receivables within one year +€729,437
up €729,437 (+86.0%), from €848,640 to €1.6m
of which Other amounts receivable: +€723,737
- Stocks and contracts -€651,683
down €651,683 (-11.9%), from €5.5m to €4.8m
- Cash +€112,305
up €112,305 (+69.6%), from €161,319 to €273,624
mainly Stocks and contracts (+€651,683) and Net result for the year (+€376,736)
- Tangible fixed assets -€101,494
down €101,494 (-4.8%), from €2.1m to €2.0m
of which Land and buildings: -€86,670
- Receivables after one year -€100,000
down €100,000 (-44.4%), from €225,000 to €125,000
- Reserves +€375,903
up €375,903 (+16.2%), from €2.3m to €2.7m
of which Distributable reserves: +€379,518
- Other debts -€302,708
down €302,708 (-5.3%), from €5.7m to €5.4m
- Other operating charges -€29,294
down €29,294 (-57.8%), from €50,719 to €21,426
- Financial income +€14,961
up €14,961 (+67.9%), from €22,044 to €37,005
- Taxes +€9,015
up €9,015 (+7.3%), from €122,770 to €131,785
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 | €8,820,415 | €8,820,468 | +€53 | 0.0% |
| Fixed assets | 21/28 | €2,099,110 | €1,997,616 | -€101,494 | -4.8% |
| Tangible fixed assets | 22/27 | €2,095,760 | €1,994,266 | -€101,494 | -4.8% |
| Land and buildings | 22 | €2,017,162 | €1,930,492 | -€86,670 | -4.3% |
| Furniture and vehicles | 24 | €78,598 | €63,774 | -€14,824 | -18.9% |
| Financial fixed assets | 28 | €3,350 | €3,350 | = | 0.0% |
| Current assets | 29/58 | €6,721,305 | €6,822,852 | +€101,547 | +1.5% |
| Amounts receivable after more than one year | 29 | €225,000 | €125,000 | -€100,000 | -44.4% |
| Other amounts receivable | 291 | €225,000 | €125,000 | -€100,000 | -44.4% |
| Stocks and contracts in progress | 3 | €5,464,058 | €4,812,375 | -€651,683 | -11.9% |
| Stocks | 30/36 | €5,464,058 | €4,812,375 | -€651,683 | -11.9% |
| Amounts receivable within one year | 40/41 | €848,640 | €1,578,077 | +€729,437 | +86.0% |
| Trade receivables | 40 | - | €5,700 | +€5,700 | |
| Other amounts receivable | 41 | €848,640 | €1,572,377 | +€723,737 | +85.3% |
| Cash at bank and in hand | 54/58 | €161,319 | €273,624 | +€112,305 | +69.6% |
| Deferred charges and accrued income | 490/1 | €22,288 | €33,776 | +€11,488 | +51.5% |
| Total equity and liabilities | 10/49 | €8,820,415 | €8,820,468 | +€53 | 0.0% |
| Equity | 10/15 | €2,334,773 | €2,710,676 | +€375,903 | +16.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,316,173 | €2,692,076 | +€375,903 | +16.2% |
| Tax-exempt reserves | 132 | €68,024 | €64,409 | -€3,615 | -5.3% |
| Distributable reserves | 133 | €2,248,149 | €2,627,667 | +€379,518 | +16.9% |
| Provisions and deferred taxes | 16 | €22,675 | €21,470 | -€1,205 | -5.3% |
| Deferred taxes | 168 | €22,675 | €21,470 | -€1,205 | -5.3% |
| Amounts payable | 17/49 | €6,462,967 | €6,088,322 | -€374,645 | -5.8% |
| Amounts payable after more than one year | 17 | €450,292 | €390,455 | -€59,837 | -13.3% |
| Financial debts | 170/4 | €450,292 | €390,455 | -€59,837 | -13.3% |
| Amounts payable within one year | 42/48 | €6,008,659 | €5,692,344 | -€316,315 | -5.3% |
| Current portion of amounts payable after more than one year | 42 | €58,650 | €59,837 | +€1,187 | +2.0% |
| Trade debts | 44 | €834 | €16,541 | +€15,707 | +1,884% |
| Suppliers | 440/4 | €834 | €16,541 | +€15,707 | +1,884% |
| Advances received on contracts in progress | 46 | €4,970 | - | -€4,970 | |
| Taxes, remuneration and social security | 45 | €281,212 | €255,680 | -€25,532 | -9.1% |
| Taxes | 450/3 | €281,212 | €255,680 | -€25,532 | -9.1% |
| Other amounts payable | 47/48 | €5,662,993 | €5,360,286 | -€302,708 | -5.3% |
| Accrued charges and deferred income | 492/3 | €4,016 | €5,523 | +€1,507 | +37.5% |
| Non-recurring operating income | 76A | €1,000 | - | -€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €106,032 | €106,205 | +€172 | +0.2% |
| Other operating charges | 640/8 | €50,719 | €21,426 | -€29,294 | -57.8% |
| Gross operating margin | 9900 | €640,465 | €636,408 | -€4,057 | -0.6% |
| Operating profit (loss) | 9901 | €483,714 | €508,778 | +€25,065 | +5.2% |
| Financial income | 75/76B | €22,044 | €37,005 | +€14,961 | +67.9% |
| Recurring financial income | 75 | €22,044 | €37,005 | +€14,961 | +67.9% |
| Financial charges | 65/66B | €44,378 | €38,467 | -€5,912 | -13.3% |
| Recurring financial charges | 65 | €44,378 | €38,467 | -€5,912 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | €461,379 | €507,316 | +€45,937 | +10.0% |
| Transfer from deferred taxes | 780 | €1,205 | €1,205 | = | 0.0% |
| Income taxes | 67/77 | €122,770 | €131,785 | +€9,015 | +7.3% |
| Profit (loss) for the period | 9904 | €339,814 | €376,736 | +€36,922 | +10.9% |
| Transfer from tax-exempt reserves | 789 | €3,615 | €3,615 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €343,429 | €380,351 | +€36,922 | +10.8% |
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 31 October 2026 via checked.be.