V & C 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.
What changed
V & C VASTGOED
NACE 68.310, Real estate agency activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€68,992
2024 · €67,362+€1,630
Equity
€799,485
2024 · €780,494+€18,992
Cash
€35,966
2024 · €7,604+€28,362
Balance sheet total
€1.3m
2024 · €1.3m+€25,853
Largest movements
Assets
- Cash +€28,362
up €28,362 (+373%), from €7,604 to €35,966
mainly Other debts (+€124,247) and Net result for the year (+€68,992)
Equity and liabilities
- Debts after one year -€129,478
down €129,478 (-51.7%), from €250,671 to €121,193
- Other debts +€124,247
up €124,247 (+84.3%), from €147,307 to €271,554
- Profit (loss) carried forward +€18,992
up €18,992 (+2.8%), from €669,020 to €688,011
Income statement
- Gross operating margin +€1,995
up €1,995 (+1.7%), from €115,766 to €117,761
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.
Result 2024
€67,362
Gross operating margin
+€1,995
Depreciation
-€440
Other operating charges
-€195
Financial income
+€226
Financial charges
+€558
Taxes
-€514
Result 2025
€68,992
raises the resultlowers the result
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.
From operations
+€212,401
Investment
-€5,774
Financing
-€178,265
Cash 2024
€7,604
From operations (derived)
+€212,401
Net result for the year
+€68,992
Depreciation
+€13,836
Receivables within one year
-€4,953
Deferred charges and accrued income
-€600
Trade debts
-€1,627
Tax, wage and social debts
+€12,587
Other debts
+€124,247
Accrued charges and deferred income
-€81
Investment (derived)
-€5,774
Investment in fixed assets (net)
-€5,500
Current investments
-€274
Financing
-€178,265
Debts after one year
-€129,478
Current portion of long-term debt
+€1,213
Contributions, distributions and other
-€50,000
Cash 2025
€35,966
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,321,655 | €1,347,508 | +€25,853 | +2.0% |
| Fixed assets | 21/28 | €1,265,833 | €1,257,497 | -€8,336 | -0.7% |
| Tangible fixed assets | 22/27 | €176,833 | €168,497 | -€8,336 | -4.7% |
| Land and buildings | 22 | €146,536 | €138,240 | -€8,296 | -5.7% |
| Plant, machinery and equipment | 23 | €3,327 | €2,573 | -€755 | -22.7% |
| Furniture and vehicles | 24 | €17,957 | €20,103 | +€2,146 | +12.0% |
| Other tangible fixed assets | 26 | €9,012 | €7,581 | -€1,431 | -15.9% |
| Financial fixed assets | 28 | €1,089,000 | €1,089,000 | = | 0.0% |
| Current assets | 29/58 | €55,822 | €90,011 | +€34,189 | +61.2% |
| Amounts receivable within one year | 40/41 | €7,147 | €12,100 | +€4,953 | +69.3% |
| Trade receivables | 40 | €3,677 | €9,075 | +€5,398 | +147% |
| Other amounts receivable | 41 | €3,470 | €3,025 | -€446 | -12.8% |
| Current investments | 50/53 | €39,790 | €40,064 | +€274 | +0.7% |
| Cash at bank and in hand | 54/58 | €7,604 | €35,966 | +€28,362 | +373% |
| Deferred charges and accrued income | 490/1 | €1,282 | €1,882 | +€600 | +46.8% |
| Total equity and liabilities | 10/49 | €1,321,655 | €1,347,508 | +€25,853 | +2.0% |
| Equity | 10/15 | €780,494 | €799,485 | +€18,992 | +2.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €92,874 | €92,874 | = | 0.0% |
| Distributable reserves | 133 | €92,874 | €92,874 | = | 0.0% |
| Profit (loss) carried forward | 14 | €669,020 | €688,011 | +€18,992 | +2.8% |
| Amounts payable | 17/49 | €541,161 | €548,022 | +€6,861 | +1.3% |
| Amounts payable after more than one year | 17 | €250,671 | €121,193 | -€129,478 | -51.7% |
| Financial debts | 170/4 | €250,671 | €121,193 | -€129,478 | -51.7% |
| Amounts payable within one year | 42/48 | €288,127 | €424,547 | +€136,420 | +47.3% |
| Current portion of amounts payable after more than one year | 42 | €128,265 | €129,478 | +€1,213 | +0.9% |
| Trade debts | 44 | €9,253 | €7,625 | -€1,627 | -17.6% |
| Suppliers | 440/4 | €9,253 | €7,625 | -€1,627 | -17.6% |
| Taxes, remuneration and social security | 45 | €3,303 | €15,890 | +€12,587 | +381% |
| Taxes | 450/3 | €3,303 | €15,890 | +€12,587 | +381% |
| Other amounts payable | 47/48 | €147,307 | €271,554 | +€124,247 | +84.3% |
| Accrued charges and deferred income | 492/3 | €2,363 | €2,282 | -€81 | -3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,396 | €13,836 | +€440 | +3.3% |
| Other operating charges | 640/8 | €2,480 | €2,674 | +€195 | +7.8% |
| Gross operating margin | 9900 | €115,766 | €117,761 | +€1,995 | +1.7% |
| Operating profit (loss) | 9901 | €99,891 | €101,251 | +€1,360 | +1.4% |
| Financial income | 75/76B | €169 | €396 | +€226 | +133% |
| Recurring financial income | 75 | €169 | €396 | +€226 | +133% |
| Financial charges | 65/66B | €9,322 | €8,765 | -€558 | -6.0% |
| Recurring financial charges | 65 | €9,322 | €8,765 | -€558 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | €90,738 | €92,882 | +€2,144 | +2.4% |
| Income taxes | 67/77 | €23,376 | €23,890 | +€514 | +2.2% |
| Profit (loss) for the period | 9904 | €67,362 | €68,992 | +€1,630 | +2.4% |
| Profit (loss) for the period to be appropriated | 9905 | €67,362 | €68,992 | +€1,630 | +2.4% |
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.