V.G. HOME: 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.G. HOME
NACE 68.110, Buying and selling of own real estate
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€60,445
2024 · €74,255-€13,810
Equity
€837,742
2024 · €817,297+€20,445
Cash
€15,147
2024 · €19,146-€3,999
Balance sheet total
€2.1m
2024 · €2.1m-€57,882
Largest movements
Assets
- Receivables within one year -€40,027
down €40,027 (-5.5%), from €723,099 to €683,071
of which Other amounts receivable: -€39,200
Equity and liabilities
- Debts after one year -€101,438
down €101,438 (-9.0%), from €1.1m to €1.0m
- Short-term financial debts +€38,437
new in 2025: €38,437
- Tax, wage and social debts -€23,467
down €23,467 (-90.7%), from €25,876 to €2,409
Income statement
- Gross operating margin -€23,762
down €23,762 (-14.5%), from €164,058 to €140,296
- Depreciation -€5,518
down €5,518 (-28.4%), from €19,412 to €13,894
- Taxes -€4,740
down €4,740 (-19.0%), from €24,888 to €20,148
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
€74,255
Gross operating margin
-€23,762
Depreciation
+€5,518
Other operating charges
-€1,611
Financial income
+€1,437
Financial charges
-€131
Taxes
+€4,740
Result 2025
€60,445
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
+€97,737
Investment
€0
Financing
-€101,735
Cash 2024
€19,146
From operations (derived)
+€97,737
Net result for the year
+€60,445
Depreciation
+€13,894
Receivables within one year
+€40,027
Deferred charges and accrued income
-€38
Trade debts
+€6,875
Tax, wage and social debts
-€23,467
Financing
-€101,735
Debts after one year
-€101,438
Current portion of long-term debt
+€1,267
Short-term financial debts
+€38,437
Contributions, distributions and other
-€40,000
Cash 2025
€15,147
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,120,326 | €2,062,444 | -€57,882 | -2.7% |
| Fixed assets | 21/28 | €1,372,403 | €1,358,509 | -€13,894 | -1.0% |
| Tangible fixed assets | 22/27 | €1,372,403 | €1,358,509 | -€13,894 | -1.0% |
| Land and buildings | 22 | €1,160,866 | €1,160,866 | = | 0.0% |
| Plant, machinery and equipment | 23 | €211,537 | €197,643 | -€13,894 | -6.6% |
| Current assets | 29/58 | €747,924 | €703,936 | -€43,988 | -5.9% |
| Amounts receivable within one year | 40/41 | €723,099 | €683,071 | -€40,027 | -5.5% |
| Trade receivables | 40 | €4,799 | €3,971 | -€827 | -17.2% |
| Other amounts receivable | 41 | €718,300 | €679,100 | -€39,200 | -5.5% |
| Cash at bank and in hand | 54/58 | €19,146 | €15,147 | -€3,999 | -20.9% |
| Deferred charges and accrued income | 490/1 | €5,679 | €5,717 | +€38 | +0.7% |
| Total equity and liabilities | 10/49 | €2,120,326 | €2,062,444 | -€57,882 | -2.7% |
| Equity | 10/15 | €817,297 | €837,742 | +€20,445 | +2.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €600,371 | €600,371 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €148,726 | €169,171 | +€20,445 | +13.7% |
| Amounts payable | 17/49 | €1,303,029 | €1,224,702 | -€78,327 | -6.0% |
| Amounts payable after more than one year | 17 | €1,121,798 | €1,020,359 | -€101,438 | -9.0% |
| Financial debts | 170/4 | €1,121,798 | €1,020,359 | -€101,438 | -9.0% |
| Amounts payable within one year | 42/48 | €181,232 | €204,343 | +€23,111 | +12.8% |
| Current portion of amounts payable after more than one year | 42 | €100,172 | €101,438 | +€1,267 | +1.3% |
| Financial debts | 43 | - | €38,437 | +€38,437 | |
| Credit institutions | 430/8 | - | €38,437 | +€38,437 | |
| Trade debts | 44 | €15,125 | €22,000 | +€6,875 | +45.5% |
| Suppliers | 440/4 | €15,125 | €22,000 | +€6,875 | +45.5% |
| Taxes, remuneration and social security | 45 | €25,876 | €2,409 | -€23,467 | -90.7% |
| Taxes | 450/3 | €25,876 | €2,409 | -€23,467 | -90.7% |
| Other amounts payable | 47/48 | €40,059 | €40,059 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,412 | €13,894 | -€5,518 | -28.4% |
| Other operating charges | 640/8 | €41,415 | €43,026 | +€1,611 | +3.9% |
| Gross operating margin | 9900 | €164,058 | €140,296 | -€23,762 | -14.5% |
| Operating profit (loss) | 9901 | €103,232 | €83,376 | -€19,855 | -19.2% |
| Financial income | 75/76B | €13,233 | €14,670 | +€1,437 | +10.9% |
| Recurring financial income | 75 | €13,233 | €14,670 | +€1,437 | +10.9% |
| Financial charges | 65/66B | €17,322 | €17,452 | +€131 | +0.8% |
| Recurring financial charges | 65 | €17,322 | €17,452 | +€131 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | €99,143 | €80,594 | -€18,549 | -18.7% |
| Income taxes | 67/77 | €24,888 | €20,148 | -€4,740 | -19.0% |
| Profit (loss) for the period | 9904 | €74,255 | €60,445 | -€13,810 | -18.6% |
| Profit (loss) for the period to be appropriated | 9905 | €74,255 | €60,445 | -€13,810 | -18.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.