NEMA VASTGOED: what changed
What changed
NEMA VASTGOED
NACE 55.203, Holiday cottages, homes and apartments
filed annual accounts (NBB)
Net result for the year
€57,524
2024 · €21,549+€35,976
Equity
€9,940
2024 · -€47,584+€57,524
Cash
€25
2024 · €1,645-€1,620
Balance sheet total
€453,334
2024 · €791,059-€337,725
Largest movements
Assets
- Tangible fixed assets -€336,332
down €336,332 (-43.7%), from €770,461 to €434,129
of which Land and buildings: -€337,459
Equity and liabilities
- Other debts -€322,617
down €322,617 (-92.5%), from €348,714 to €26,098
- Debts after one year -€63,481
down €63,481 (-14.4%), from €439,383 to €375,902
of which Financial debts: -€64,706
- Profit (loss) carried forward +€53,784
no longer reported in 2025 (was -€53,784)
Income statement
- Gross operating margin +€26,515
up €26,515 (+48.7%), from €54,412 to €80,927
- Depreciation -€8,789
down €8,789 (-41.1%), from €21,363 to €12,575
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
€21,549
Gross operating margin
+€26,515
Depreciation
+€8,789
Other operating charges
+€271
Financial charges
+€402
Result 2025
€57,524
raises 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
-€258,921
Investment
+€323,757
Financing
-€66,456
Cash 2024
€1,645
From operations (derived)
-€258,921
Net result for the year
+€57,524
Depreciation
+€12,575
Smaller working-capital items
+€303
Advances received
-€6,707
Other debts
-€322,617
Investment (derived)
+€323,757
Investment in fixed assets (net)
+€323,757
Financing
-€66,456
Debts after one year
-€63,481
Current portion of long-term debt
-€2,975
Cash 2025
€25
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €791,059 | €453,334 | -€337,725 | -42.7% |
| Fixed assets | 21/28 | €770,461 | €434,129 | -€336,332 | -43.7% |
| Tangible fixed assets | 22/27 | €770,461 | €434,129 | -€336,332 | -43.7% |
| Land and buildings | 22 | €769,658 | €432,199 | -€337,459 | -43.8% |
| Plant, machinery and equipment | 23 | €803 | €589 | -€214 | -26.7% |
| Other tangible fixed assets | 26 | - | €1,341 | +€1,341 | |
| Current assets | 29/58 | €20,598 | €19,205 | -€1,393 | -6.8% |
| Amounts receivable within one year | 40/41 | €18,953 | €18,960 | +€6 | 0.0% |
| Trade receivables | 40 | €16,872 | €18,790 | +€1,917 | +11.4% |
| Other amounts receivable | 41 | €2,081 | €170 | -€1,911 | -91.8% |
| Cash at bank and in hand | 54/58 | €1,645 | €25 | -€1,620 | -98.5% |
| Deferred charges and accrued income | 490/1 | - | €221 | +€221 | |
| Total equity and liabilities | 10/49 | €791,059 | €453,334 | -€337,725 | -42.7% |
| Equity | 10/15 | -€47,584 | €9,940 | +€57,524 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | - | €3,740 | +€3,740 | |
| Distributable reserves | 133 | - | €3,740 | +€3,740 | |
| Profit (loss) carried forward | 14 | -€53,784 | - | +€53,784 | |
| Amounts payable | 17/49 | €838,644 | €443,394 | -€395,250 | -47.1% |
| Amounts payable after more than one year | 17 | €439,383 | €375,902 | -€63,481 | -14.4% |
| Financial debts | 170/4 | €313,249 | €248,543 | -€64,706 | -20.7% |
| Other amounts payable | 178/9 | €126,134 | €127,358 | +€1,225 | +1.0% |
| Amounts payable within one year | 42/48 | €399,260 | €67,492 | -€331,768 | -83.1% |
| Current portion of amounts payable after more than one year | 42 | €29,075 | €26,099 | -€2,975 | -10.2% |
| Trade debts | 44 | €207 | €590 | +€383 | +185% |
| Suppliers | 440/4 | €207 | €590 | +€383 | +185% |
| Advances received on contracts in progress | 46 | €14,060 | €7,353 | -€6,707 | -47.7% |
| Taxes, remuneration and social security | 45 | €7,206 | €7,353 | +€147 | +2.0% |
| Taxes | 450/3 | €7,206 | €7,353 | +€147 | +2.0% |
| Other amounts payable | 47/48 | €348,714 | €26,098 | -€322,617 | -92.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,363 | €12,575 | -€8,789 | -41.1% |
| Other operating charges | 640/8 | €1,594 | €1,324 | -€271 | -17.0% |
| Gross operating margin | 9900 | €54,412 | €80,927 | +€26,515 | +48.7% |
| Operating profit (loss) | 9901 | €31,454 | €67,028 | +€35,574 | +113% |
| Financial charges | 65/66B | €9,905 | €9,504 | -€402 | -4.1% |
| Recurring financial charges | 65 | €9,905 | €9,504 | -€402 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | €21,549 | €57,524 | +€35,976 | +167% |
| Profit (loss) for the period | 9904 | €21,549 | €57,524 | +€35,976 | +167% |
| Profit (loss) for the period to be appropriated | 9905 | €21,549 | €57,524 | +€35,976 | +167% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.