V.B.M. PARTNERS: what changed
What changed
V.B.M. PARTNERS
NACE 68.310, Real estate agency activities
filed annual accounts (NBB)
Net result for the year
€24,915
2024 · -€9,678+€34,593
Equity
€48,820
2024 · €23,905+€24,915
Cash
€46
2024 · €140-€94
Balance sheet total
€337,840
2024 · €340,679-€2,839
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Debts after one year -€40,000
no longer reported in 2025 (was €40,000)
- Profit (loss) carried forward +€24,915
up €24,915 (+712%), from €3,500 to €28,415
- Other debts +€9,336
up €9,336 (+7.9%), from €118,022 to €127,358
- Tax, wage and social debts +€3,910
new in 2025: €3,910
Income statement
- Gross operating margin +€38,731
up €38,731, from -€6,582 to €32,148
- Taxes +€3,910
new in 2025: €3,910
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
-€9,678
Gross operating margin
+€38,731
Depreciation
-€147
Other operating charges
-€140
Financial charges
+€60
Taxes
-€3,910
Result 2025
€24,915
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
+€39,906
Investment
€0
Financing
-€40,000
Cash 2024
€140
From operations (derived)
+€39,906
Net result for the year
+€24,915
Depreciation
+€2,448
Deferred charges and accrued income
+€297
Trade debts
-€1,000
Tax, wage and social debts
+€3,910
Other debts
+€9,336
Financing
-€40,000
Debts after one year
-€40,000
Cash 2025
€46
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €340,679 | €337,840 | -€2,839 | -0.8% |
| Fixed assets | 21/28 | €315,301 | €312,853 | -€2,448 | -0.8% |
| Tangible fixed assets | 22/27 | €5,116 | €2,669 | -€2,448 | -47.8% |
| Furniture and vehicles | 24 | €5,116 | €2,669 | -€2,448 | -47.8% |
| Financial fixed assets | 28 | €310,184 | €310,184 | = | 0.0% |
| Current assets | 29/58 | €25,379 | €24,987 | -€391 | -1.5% |
| Amounts receivable within one year | 40/41 | €24,941 | €24,941 | = | 0.0% |
| Trade receivables | 40 | €695 | €695 | = | 0.0% |
| Other amounts receivable | 41 | €24,246 | €24,246 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €140 | €46 | -€94 | -67.2% |
| Deferred charges and accrued income | 490/1 | €297 | - | -€297 | |
| Total equity and liabilities | 10/49 | €340,679 | €337,840 | -€2,839 | -0.8% |
| Equity | 10/15 | €23,905 | €48,820 | +€24,915 | +104% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,500 | €28,415 | +€24,915 | +712% |
| Amounts payable | 17/49 | €316,774 | €289,020 | -€27,754 | -8.8% |
| Amounts payable after more than one year | 17 | €40,000 | - | -€40,000 | |
| Other amounts payable | 178/9 | €40,000 | - | -€40,000 | |
| Amounts payable within one year | 42/48 | €276,774 | €289,020 | +€12,246 | +4.4% |
| Trade debts | 44 | €156,752 | €155,752 | -€1,000 | -0.6% |
| Suppliers | 440/4 | €156,752 | €155,752 | -€1,000 | -0.6% |
| Advances received on contracts in progress | 46 | €2,000 | €2,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | - | €3,910 | +€3,910 | |
| Taxes | 450/3 | - | €3,910 | +€3,910 | |
| Other amounts payable | 47/48 | €118,022 | €127,358 | +€9,336 | +7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,300 | €2,448 | +€147 | +6.4% |
| Other operating charges | 640/8 | €594 | €734 | +€140 | +23.6% |
| Gross operating margin | 9900 | -€6,582 | €32,148 | +€38,731 | |
| Operating profit (loss) | 9901 | -€9,477 | €28,967 | +€38,443 | |
| Financial charges | 65/66B | €201 | €141 | -€60 | -29.8% |
| Recurring financial charges | 65 | €201 | €141 | -€60 | -29.8% |
| Profit (loss) for the period before taxes | 9903 | -€9,678 | €28,826 | +€38,503 | |
| Income taxes | 67/77 | - | €3,910 | +€3,910 | |
| Profit (loss) for the period | 9904 | -€9,678 | €24,915 | +€34,593 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,678 | €24,915 | +€34,593 |
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 3 November 2026 via checked.be.