V.D. PROPERTIES: 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.
V.D. PROPERTIES
Largest movements
- Receivables within one year -€211,600
down €211,600 (-85.1%), from €248,683 to €37,083
of which Other amounts receivable: -€211,600
- Tangible fixed assets -€26,120
down €26,120 (-5.1%), from €513,266 to €487,146
of which Land and buildings: -€17,042
- Receivables after one year +€20,000
up €20,000 (+3.0%), from €660,000 to €680,000
- Reserves -€210,977
down €210,977 (-14.6%), from €1.4m to €1.2m
of which Distributable reserves: -€210,977
- Other operating charges +€198,187
up €198,187 (+11,568%), from €1,713 to €199,900
- Gross operating margin -€8,536
down €8,536 (-93.9%), from €9,086 to €550
- Depreciation -€519
down €519 (-1.9%), from €28,000 to €27,481
- Financial income +€312
up €312 (+1.9%), from €16,440 to €16,752
- Taxes +€234
up €234 (+71.0%), from €329 to €562
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 | €1,492,975 | €1,284,789 | -€208,186 | -13.9% |
| Fixed assets | 21/28 | €513,266 | €487,146 | -€26,120 | -5.1% |
| Tangible fixed assets | 22/27 | €513,266 | €487,146 | -€26,120 | -5.1% |
| Land and buildings | 22 | €476,139 | €459,097 | -€17,042 | -3.6% |
| Plant, machinery and equipment | 23 | €35,210 | €27,133 | -€8,077 | -22.9% |
| Furniture and vehicles | 24 | €1,917 | €917 | -€1,000 | -52.2% |
| Current assets | 29/58 | €979,708 | €797,642 | -€182,066 | -18.6% |
| Amounts receivable after more than one year | 29 | €660,000 | €680,000 | +€20,000 | +3.0% |
| Other amounts receivable | 291 | €660,000 | €680,000 | +€20,000 | +3.0% |
| Amounts receivable within one year | 40/41 | €248,683 | €37,083 | -€211,600 | -85.1% |
| Trade receivables | 40 | €105 | €105 | = | 0.0% |
| Other amounts receivable | 41 | €248,578 | €36,978 | -€211,600 | -85.1% |
| Cash at bank and in hand | 54/58 | €6,906 | €5,743 | -€1,163 | -16.8% |
| Deferred charges and accrued income | 490/1 | €64,119 | €74,816 | +€10,697 | +16.7% |
| Total equity and liabilities | 10/49 | €1,492,975 | €1,284,789 | -€208,186 | -13.9% |
| Equity | 10/15 | €1,478,976 | €1,267,999 | -€210,977 | -14.3% |
| Contributions | 10/11 | €11,155 | €11,155 | = | 0.0% |
| Revaluation surpluses | 12 | €24,687 | €24,687 | = | 0.0% |
| Reserves | 13 | €1,443,134 | €1,232,157 | -€210,977 | -14.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,443,134 | €1,232,157 | -€210,977 | -14.6% |
| Amounts payable | 17/49 | €13,998 | €16,790 | +€2,791 | +19.9% |
| Amounts payable within one year | 42/48 | €13,998 | €16,790 | +€2,791 | +19.9% |
| Trade debts | 44 | €302 | €95 | -€206 | -68.4% |
| Suppliers | 440/4 | €302 | €95 | -€206 | -68.4% |
| Taxes, remuneration and social security | 45 | €286 | €290 | +€4 | +1.4% |
| Taxes | 450/3 | €286 | €290 | +€4 | +1.4% |
| Other amounts payable | 47/48 | €13,411 | €16,405 | +€2,994 | +22.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €25,133 | €10,024 | -€15,110 | -60.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,000 | €27,481 | -€519 | -1.9% |
| Other operating charges | 640/8 | €1,713 | €199,900 | +€198,187 | +11,568% |
| Gross operating margin | 9900 | €9,086 | €550 | -€8,536 | -93.9% |
| Operating profit (loss) | 9901 | -€20,627 | -€226,830 | -€206,203 | -1,000% |
| Financial income | 75/76B | €16,440 | €16,752 | +€312 | +1.9% |
| Recurring financial income | 75 | €16,440 | €16,752 | +€312 | +1.9% |
| Financial charges | 65/66B | €318 | €337 | +€19 | +5.9% |
| Recurring financial charges | 65 | €318 | €337 | +€19 | +5.9% |
| Profit (loss) for the period before taxes | 9903 | -€4,505 | -€210,415 | -€205,910 | -4,571% |
| Income taxes | 67/77 | €329 | €562 | +€234 | +71.0% |
| Profit (loss) for the period | 9904 | -€4,834 | -€210,977 | -€206,144 | -4,265% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,834 | -€210,977 | -€206,144 | -4,265% |
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 17 October 2026 via checked.be.