M-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-VASTGOED
Largest movements
- Cash +€2,316
up €2,316 (+83.4%), from €2,777 to €5,093
mainly Receivables within one year (+€1,598) and Depreciation (+€640)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€1,199
up €1,199 (+301%), from €399 to €1,598
- Other operating charges -€330
down €330 (-35.2%), from €938 to €607
- Financial charges +€32
up €32 (+13.3%), from €240 to €272
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 | €188,823 | €188,902 | +€78 | 0.0% |
| Fixed assets | 21/28 | €173,988 | €173,348 | -€640 | -0.4% |
| Tangible fixed assets | 22/27 | €173,988 | €173,348 | -€640 | -0.4% |
| Land and buildings | 22 | €173,988 | €173,348 | -€640 | -0.4% |
| Current assets | 29/58 | €14,835 | €15,553 | +€718 | +4.8% |
| Amounts receivable within one year | 40/41 | €12,058 | €10,460 | -€1,598 | -13.3% |
| Other amounts receivable | 41 | €12,058 | €10,460 | -€1,598 | -13.3% |
| Cash at bank and in hand | 54/58 | €2,777 | €5,093 | +€2,316 | +83.4% |
| Total equity and liabilities | 10/49 | €188,823 | €188,902 | +€78 | 0.0% |
| Equity | 10/15 | €188,223 | €188,302 | +€78 | 0.0% |
| Contributions | 10/11 | €27,000 | €27,000 | = | 0.0% |
| Reserves | 13 | €14,107 | €14,107 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €14,107 | €14,107 | = | 0.0% |
| Profit (loss) carried forward | 14 | €147,116 | €147,195 | +€78 | +0.1% |
| Amounts payable | 17/49 | €600 | €600 | = | 0.0% |
| Amounts payable within one year | 42/48 | €600 | €600 | = | 0.0% |
| Other amounts payable | 47/48 | €600 | €600 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €640 | €640 | = | 0.0% |
| Other operating charges | 640/8 | €938 | €607 | -€330 | -35.2% |
| Gross operating margin | 9900 | €399 | €1,598 | +€1,199 | +301% |
| Operating profit (loss) | 9901 | -€1,179 | €351 | +€1,530 | |
| Financial charges | 65/66B | €240 | €272 | +€32 | +13.3% |
| Recurring financial charges | 65 | €240 | €272 | +€32 | +13.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,419 | €78 | +€1,498 | |
| Income taxes | 67/77 | -€5 | €0 | +€5 | |
| Profit (loss) for the period | 9904 | -€1,414 | €78 | +€1,492 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,414 | €78 | +€1,492 |
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 20 October 2026 via checked.be.