AB & MV VASTGOED: what changed
What changed
AB & MV VASTGOED
filed annual accounts (NBB)
Net result for the year
€2,005
2024 · €5,443-€3,438
Equity
€51,427
2024 · €49,422+€2,005
Cash
€341
2024 · €1,429-€1,089
Balance sheet total
€267,425
2024 · €294,660-€27,235
Largest movements
Assets
- Tangible fixed assets -€26,181
down €26,181 (-8.9%), from €293,231 to €267,050
of which Land and buildings: -€17,181
Equity and liabilities
- Debts after one year -€32,482
down €32,482 (-23.1%), from €140,482 to €108,000
- Trade debts +€4,980
up €4,980 (+461%), from €1,080 to €6,060
Income statement
- Other operating charges +€4,489
up €4,489 (+773%), from €581 to €5,070
- Gross operating margin -€3,397
down €3,397 (-8.0%), from €42,434 to €39,037
- Financial charges -€3,149
down €3,149 (-38.5%), from €8,179 to €5,031
- Taxes -€1,299
down €1,299 (-63.4%), from €2,050 to €751
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€5,443
Gross operating margin
-€3,397
Other operating charges
-€4,489
Financial charges
+€3,149
Taxes
+€1,299
Result 2025
€2,005
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€32,044
Investment
€0
Financing
-€33,133
Cash 2024
€1,429
From operations (derived)
+€32,044
Net result for the year
+€2,005
Depreciation
+€26,181
Receivables within one year
-€34
Trade debts
+€4,980
Tax, wage and social debts
-€2,388
Other debts
+€1,300
Financing
-€33,133
Debts after one year
-€32,482
Current portion of long-term debt
-€651
Cash 2025
€341
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €294,660 | €267,425 | -€27,235 | -9.2% |
| Fixed assets | 21/28 | €293,231 | €267,050 | -€26,181 | -8.9% |
| Tangible fixed assets | 22/27 | €293,231 | €267,050 | -€26,181 | -8.9% |
| Land and buildings | 22 | €276,323 | €259,142 | -€17,181 | -6.2% |
| Furniture and vehicles | 24 | €16,908 | €7,908 | -€9,000 | -53.2% |
| Current assets | 29/58 | €1,429 | €374 | -€1,055 | -73.8% |
| Amounts receivable within one year | 40/41 | - | €34 | +€34 | |
| Other amounts receivable | 41 | - | €34 | +€34 | |
| Cash at bank and in hand | 54/58 | €1,429 | €341 | -€1,089 | -76.2% |
| Total equity and liabilities | 10/49 | €294,660 | €267,425 | -€27,235 | -9.2% |
| Equity | 10/15 | €49,422 | €51,427 | +€2,005 | +4.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €30,822 | €32,827 | +€2,005 | +6.5% |
| 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 | €28,962 | €30,967 | +€2,005 | +6.9% |
| Amounts payable | 17/49 | €245,238 | €215,997 | -€29,240 | -11.9% |
| Amounts payable after more than one year | 17 | €140,482 | €108,000 | -€32,482 | -23.1% |
| Financial debts | 170/4 | €140,482 | €108,000 | -€32,482 | -23.1% |
| Amounts payable within one year | 42/48 | €104,756 | €107,997 | +€3,242 | +3.1% |
| Current portion of amounts payable after more than one year | 42 | €33,133 | €32,482 | -€651 | -2.0% |
| Trade debts | 44 | €1,080 | €6,060 | +€4,980 | +461% |
| Suppliers | 440/4 | €1,080 | €6,060 | +€4,980 | +461% |
| Taxes, remuneration and social security | 45 | €3,139 | €751 | -€2,388 | -76.1% |
| Taxes | 450/3 | €3,139 | €751 | -€2,388 | -76.1% |
| Other amounts payable | 47/48 | €67,404 | €68,704 | +€1,300 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,181 | €26,181 | = | 0.0% |
| Other operating charges | 640/8 | €581 | €5,070 | +€4,489 | +773% |
| Gross operating margin | 9900 | €42,434 | €39,037 | -€3,397 | -8.0% |
| Operating profit (loss) | 9901 | €15,673 | €7,787 | -€7,886 | -50.3% |
| Financial charges | 65/66B | €8,179 | €5,031 | -€3,149 | -38.5% |
| Recurring financial charges | 65 | €8,179 | €5,031 | -€3,149 | -38.5% |
| Profit (loss) for the period before taxes | 9903 | €7,493 | €2,756 | -€4,737 | -63.2% |
| Income taxes | 67/77 | €2,050 | €751 | -€1,299 | -63.4% |
| Profit (loss) for the period | 9904 | €5,443 | €2,005 | -€3,438 | -63.2% |
| Profit (loss) for the period to be appropriated | 9905 | €5,443 | €2,005 | -€3,438 | -63.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.