ML 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.
ML Vastgoed
Largest movements
- Stocks and contracts +€36,567
up €36,567 (+23.0%), from €158,948 to €195,515
- Cash +€12,896
up €12,896 (+31.2%), from €41,295 to €54,191
mainly Current portion of long-term debt (+€30,000) and Net result for the year (+€20,853)
- Current portion of long-term debt +€30,000
up €30,000 (+20.7%), from €145,000 to €175,000
- Reserves +€20,853
up €20,853 (+44.8%), from €46,562 to €67,414
- Gross operating margin +€19,712
up €19,712 (+93.4%), from €21,109 to €40,821
- Financial charges +€6,964
up €6,964 (+274%), from €2,538 to €9,501
- Taxes +€4,902
up €4,902 (+99.4%), from €4,930 to €9,832
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 | €201,521 | €250,984 | +€49,463 | +24.5% |
| Current assets | 29/58 | €201,521 | €250,984 | +€49,463 | +24.5% |
| Stocks and contracts in progress | 3 | €158,948 | €195,515 | +€36,567 | +23.0% |
| Stocks | 30/36 | €158,948 | €195,515 | +€36,567 | +23.0% |
| Amounts receivable within one year | 40/41 | €1,278 | €1,278 | = | 0.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €1,278 | €1,278 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €41,295 | €54,191 | +€12,896 | +31.2% |
| Total equity and liabilities | 10/49 | €201,521 | €250,984 | +€49,463 | +24.5% |
| Equity | 10/15 | €51,562 | €72,414 | +€20,853 | +40.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €46,562 | €67,414 | +€20,853 | +44.8% |
| Distributable reserves | 133 | €46,562 | €67,414 | +€20,853 | +44.8% |
| Amounts payable | 17/49 | €149,960 | €178,570 | +€28,610 | +19.1% |
| Amounts payable within one year | 42/48 | €149,960 | €178,570 | +€28,610 | +19.1% |
| Current portion of amounts payable after more than one year | 42 | €145,000 | €175,000 | +€30,000 | +20.7% |
| Trade debts | 44 | €30 | €239 | +€209 | +695% |
| Suppliers | 440/4 | €30 | €239 | +€209 | +695% |
| Taxes, remuneration and social security | 45 | €4,930 | €3,332 | -€1,598 | -32.4% |
| Taxes | 450/3 | €4,930 | €3,332 | -€1,598 | -32.4% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Other operating charges | 640/8 | €480 | €636 | +€155 | +32.3% |
| Gross operating margin | 9900 | €21,109 | €40,821 | +€19,712 | +93.4% |
| Operating profit (loss) | 9901 | €20,629 | €40,186 | +€19,557 | +94.8% |
| Financial charges | 65/66B | €2,538 | €9,501 | +€6,964 | +274% |
| Recurring financial charges | 65 | €2,538 | €9,501 | +€6,964 | +274% |
| Profit (loss) for the period before taxes | 9903 | €18,091 | €30,684 | +€12,593 | +69.6% |
| Income taxes | 67/77 | €4,930 | €9,832 | +€4,902 | +99.4% |
| Profit (loss) for the period | 9904 | €13,161 | €20,853 | +€7,691 | +58.4% |
| Profit (loss) for the period to be appropriated | 9905 | €13,161 | €20,853 | +€7,691 | +58.4% |
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 25 October 2026 via checked.be.