M.V. 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.
M.V. VASTGOED
Largest movements
- Cash +€11,679
up €11,679 (+51.7%), from €22,591 to €34,269
mainly Net result for the year (+€14,217) and Depreciation (+€9,723)
- Receivables within one year -€8,527
down €8,527 (-91.1%), from €9,358 to €832
of which Trade receivables: -€9,058
- Reserves +€14,217
up €14,217 (+172%), from €8,262 to €22,478
- Debts after one year -€11,329
down €11,329 (-10.4%), from €108,473 to €97,144
- Trade debts -€2,009
down €2,009 (-79.7%), from €2,522 to €513
- Gross operating margin +€15,466
up €15,466 (+89.4%), from €17,306 to €32,772
- Taxes +€2,411
up €2,411 (+175%), from €1,380 to €3,790
- Financial charges +€1,212
up €1,212 (+36.7%), from €3,302 to €4,514
- Depreciation +€548
up €548 (+6.0%), from €9,174 to €9,723
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 | €197,965 | €198,965 | +€1,000 | +0.5% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €165,444 | €163,864 | -€1,581 | -1.0% |
| Tangible fixed assets | 22/27 | €165,444 | €163,864 | -€1,581 | -1.0% |
| Land and buildings | 22 | €144,586 | €140,664 | -€3,923 | -2.7% |
| Furniture and vehicles | 24 | €20,858 | €23,200 | +€2,342 | +11.2% |
| Current assets | 29/58 | €32,520 | €35,101 | +€2,581 | +7.9% |
| Amounts receivable within one year | 40/41 | €9,358 | €832 | -€8,527 | -91.1% |
| Trade receivables | 40 | €9,058 | €0 | -€9,058 | -100% |
| Other amounts receivable | 41 | €300 | €832 | +€532 | +177% |
| Cash at bank and in hand | 54/58 | €22,591 | €34,269 | +€11,679 | +51.7% |
| Deferred charges and accrued income | 490/1 | €571 | €0 | -€571 | -100% |
| Total equity and liabilities | 10/49 | €197,965 | €198,965 | +€1,000 | +0.5% |
| Equity | 10/15 | €11,262 | €25,478 | +€14,217 | +126% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €8,262 | €22,478 | +€14,217 | +172% |
| Distributable reserves | 133 | €8,262 | €22,478 | +€14,217 | +172% |
| Amounts payable | 17/49 | €186,703 | €173,487 | -€13,216 | -7.1% |
| Amounts payable after more than one year | 17 | €108,473 | €97,144 | -€11,329 | -10.4% |
| Financial debts | 170/4 | €108,473 | €97,144 | -€11,329 | -10.4% |
| Amounts payable within one year | 42/48 | €76,730 | €76,342 | -€387 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | €10,886 | €11,329 | +€443 | +4.1% |
| Trade debts | 44 | €2,522 | €513 | -€2,009 | -79.7% |
| Suppliers | 440/4 | €2,522 | €513 | -€2,009 | -79.7% |
| Taxes, remuneration and social security | 45 | €4,858 | €6,473 | +€1,615 | +33.2% |
| Taxes | 450/3 | €4,858 | €6,473 | +€1,615 | +33.2% |
| Other amounts payable | 47/48 | €58,464 | €58,028 | -€436 | -0.7% |
| Accrued charges and deferred income | 492/3 | €1,500 | €0 | -€1,500 | -100% |
| Non-recurring operating income | 76A | - | €1,766 | +€1,766 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,174 | €9,723 | +€548 | +6.0% |
| Other operating charges | 640/8 | €515 | €529 | +€13 | +2.6% |
| Gross operating margin | 9900 | €17,306 | €32,772 | +€15,466 | +89.4% |
| Operating profit (loss) | 9901 | €7,617 | €22,521 | +€14,904 | +196% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €3,302 | €4,514 | +€1,212 | +36.7% |
| Recurring financial charges | 65 | €3,302 | €4,514 | +€1,212 | +36.7% |
| Profit (loss) for the period before taxes | 9903 | €4,315 | €18,007 | +€13,693 | +317% |
| Income taxes | 67/77 | €1,380 | €3,790 | +€2,411 | +175% |
| Profit (loss) for the period | 9904 | €2,935 | €14,217 | +€11,282 | +384% |
| Profit (loss) for the period to be appropriated | 9905 | €2,935 | €14,217 | +€11,282 | +384% |
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 28 October 2026 via checked.be.