V.D.C. VASTGOED: what changed
What changed
V.D.C. VASTGOED
NACE 68.310, Real estate agency activities
filed annual accounts (NBB)
Net result for the year
€42,263
2024 · €19,644+€22,618
Equity
€548,015
2024 · €515,752+€32,263
Cash
€32,290
2024 · €27,891+€4,399
Balance sheet total
€691,411
2024 · €720,765-€29,354
Largest movements
Assets
- Tangible fixed assets -€40,220
down €40,220 (-6.0%), from €675,680 to €635,460
of which Land and buildings: -€38,652
Equity and liabilities
- Debts after one year -€40,673
down €40,673 (-45.4%), from €89,650 to €48,977
- Other debts -€36,878
down €36,878 (-59.5%), from €61,967 to €25,088
- Reserves +€32,263
up €32,263 (+6.6%), from €490,752 to €523,015
of which Distributable reserves: +€32,263
- Tax, wage and social debts +€21,186
up €21,186 (+303%), from €7,000 to €28,187
- Trade debts -€7,279
down €7,279 (-93.9%), from €7,750 to €471
Income statement
- Gross operating margin +€35,534
up €35,534 (+47.4%), from €74,936 to €110,470
- Taxes +€17,190
up €17,190 (+1,392%), from €1,235 to €18,425
- Financial charges -€2,871
down €2,871 (-32.8%), from €8,742 to €5,871
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
€19,644
Gross operating margin
+€35,534
Depreciation
+€403
Other operating charges
+€1,000
Financial income
+€0
Financial charges
+€2,871
Taxes
-€17,190
Result 2025
€42,263
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
+€53,044
Investment
€0
Financing
-€48,646
Cash 2024
€27,891
From operations (derived)
+€53,044
Net result for the year
+€42,263
Depreciation
+€40,220
Receivables within one year
-€6,352
Deferred charges and accrued income
-€114
Trade debts
-€7,279
Tax, wage and social debts
+€21,186
Other debts
-€36,878
Financing
-€48,646
Debts after one year
-€40,673
Current portion of long-term debt
+€2,027
Contributions, distributions and other
-€10,000
Cash 2025
€32,290
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €720,765 | €691,411 | -€29,354 | -4.1% |
| Fixed assets | 21/28 | €675,705 | €635,485 | -€40,220 | -6.0% |
| Tangible fixed assets | 22/27 | €675,680 | €635,460 | -€40,220 | -6.0% |
| Land and buildings | 22 | €670,076 | €631,424 | -€38,652 | -5.8% |
| Plant, machinery and equipment | 23 | €251 | €35 | -€216 | -85.9% |
| Furniture and vehicles | 24 | €5,352 | €4,000 | -€1,352 | -25.3% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €45,060 | €55,926 | +€10,866 | +24.1% |
| Amounts receivable within one year | 40/41 | €15,267 | €21,619 | +€6,352 | +41.6% |
| Trade receivables | 40 | €14,255 | €21,314 | +€7,059 | +49.5% |
| Other amounts receivable | 41 | €1,011 | €305 | -€707 | -69.9% |
| Cash at bank and in hand | 54/58 | €27,891 | €32,290 | +€4,399 | +15.8% |
| Deferred charges and accrued income | 490/1 | €1,902 | €2,017 | +€114 | +6.0% |
| Total equity and liabilities | 10/49 | €720,765 | €691,411 | -€29,354 | -4.1% |
| Equity | 10/15 | €515,752 | €548,015 | +€32,263 | +6.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €490,752 | €523,015 | +€32,263 | +6.6% |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Distributable reserves | 133 | €434,502 | €466,765 | +€32,263 | +7.4% |
| Amounts payable | 17/49 | €205,013 | €143,396 | -€61,617 | -30.1% |
| Amounts payable after more than one year | 17 | €89,650 | €48,977 | -€40,673 | -45.4% |
| Financial debts | 170/4 | €89,650 | €48,977 | -€40,673 | -45.4% |
| Amounts payable within one year | 42/48 | €115,362 | €94,419 | -€20,944 | -18.2% |
| Current portion of amounts payable after more than one year | 42 | €38,646 | €40,673 | +€2,027 | +5.2% |
| Trade debts | 44 | €7,750 | €471 | -€7,279 | -93.9% |
| Suppliers | 440/4 | €7,750 | €471 | -€7,279 | -93.9% |
| Taxes, remuneration and social security | 45 | €7,000 | €28,187 | +€21,186 | +303% |
| Taxes | 450/3 | €7,000 | €28,187 | +€21,186 | +303% |
| Other amounts payable | 47/48 | €61,967 | €25,088 | -€36,878 | -59.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,623 | €40,220 | -€403 | -1.0% |
| Other operating charges | 640/8 | €4,692 | €3,692 | -€1,000 | -21.3% |
| Gross operating margin | 9900 | €74,936 | €110,470 | +€35,534 | +47.4% |
| Operating profit (loss) | 9901 | €29,621 | €66,558 | +€36,937 | +125% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €8,742 | €5,871 | -€2,871 | -32.8% |
| Recurring financial charges | 65 | €8,742 | €5,871 | -€2,871 | -32.8% |
| Profit (loss) for the period before taxes | 9903 | €20,880 | €60,687 | +€39,808 | +191% |
| Income taxes | 67/77 | €1,235 | €18,425 | +€17,190 | +1,392% |
| Profit (loss) for the period | 9904 | €19,644 | €42,263 | +€22,618 | +115% |
| Profit (loss) for the period to be appropriated | 9905 | €19,644 | €42,263 | +€22,618 | +115% |
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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 2 November 2026 via checked.be.