V&S Housing: 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&S Housing
Largest movements
- Stocks and contracts -€240,000
down €240,000 (-42.9%), from €560,000 to €320,000
of which Stocks: -€560,000
- Receivables within one year -€88,000
down €88,000 (-59.3%), from €148,388 to €60,388
of which Other amounts receivable: -€88,000
- Cash -€8,179
down €8,179 (-14.9%), from €54,895 to €46,715
mainly Short-term financial debts (-€252,200) and Other debts (-€104,000)
- Short-term financial debts -€252,200
down €252,200 (-55.1%), from €457,600 to €205,400
- Other debts -€104,000
down €104,000 (-42.5%), from €244,619 to €140,619
- Reserves +€10,600
up €10,600 (+19.9%), from €53,261 to €63,861
- Gross operating margin -€26,620
down €26,620 (-51.3%), from €51,889 to €25,269
- Financial charges -€25,364
down €25,364 (-73.6%), from €34,464 to €9,100
- Other operating charges +€1,390
up €1,390 (+685%), from €203 to €1,594
- Taxes -€722
down €722 (-15.4%), from €4,697 to €3,975
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 | €763,282 | €427,103 | -€336,179 | -44.0% |
| Current assets | 29/58 | €763,282 | €427,103 | -€336,179 | -44.0% |
| Stocks and contracts in progress | 3 | €560,000 | €320,000 | -€240,000 | -42.9% |
| Stocks | 30/36 | €560,000 | €0 | -€560,000 | -100% |
| Contracts in progress | 37 | - | €320,000 | +€320,000 | |
| Amounts receivable within one year | 40/41 | €148,388 | €60,388 | -€88,000 | -59.3% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €148,388 | €60,388 | -€88,000 | -59.3% |
| Cash at bank and in hand | 54/58 | €54,895 | €46,715 | -€8,179 | -14.9% |
| Total equity and liabilities | 10/49 | €763,282 | €427,103 | -€336,179 | -44.0% |
| Equity | 10/15 | €55,061 | €65,661 | +€10,600 | +19.3% |
| Contributions | 10/11 | €1,800 | €1,800 | = | 0.0% |
| Reserves | 13 | €53,261 | €63,861 | +€10,600 | +19.9% |
| Distributable reserves | 133 | €53,261 | €63,861 | +€10,600 | +19.9% |
| Amounts payable | 17/49 | €708,221 | €361,441 | -€346,780 | -49.0% |
| Amounts payable within one year | 42/48 | €708,221 | €361,441 | -€346,780 | -49.0% |
| Financial debts | 43 | €457,600 | €205,400 | -€252,200 | -55.1% |
| Credit institutions | 430/8 | €457,600 | €205,400 | -€252,200 | -55.1% |
| Trade debts | 44 | €1,305 | €6,750 | +€5,445 | +417% |
| Suppliers | 440/4 | €1,305 | €6,750 | +€5,445 | +417% |
| Taxes, remuneration and social security | 45 | €4,697 | €8,672 | +€3,975 | +84.6% |
| Taxes | 450/3 | €4,697 | €8,672 | +€3,975 | +84.6% |
| Other amounts payable | 47/48 | €244,619 | €140,619 | -€104,000 | -42.5% |
| Other operating charges | 640/8 | €203 | €1,594 | +€1,390 | +685% |
| Gross operating margin | 9900 | €51,889 | €25,269 | -€26,620 | -51.3% |
| Operating profit (loss) | 9901 | €51,686 | €23,676 | -€28,011 | -54.2% |
| Financial charges | 65/66B | €34,464 | €9,100 | -€25,364 | -73.6% |
| Recurring financial charges | 65 | €34,464 | €9,100 | -€25,364 | -73.6% |
| Profit (loss) for the period before taxes | 9903 | €17,222 | €14,575 | -€2,647 | -15.4% |
| Income taxes | 67/77 | €4,697 | €3,975 | -€722 | -15.4% |
| Profit (loss) for the period | 9904 | €12,525 | €10,600 | -€1,925 | -15.4% |
| Profit (loss) for the period to be appropriated | 9905 | €12,525 | €10,600 | -€1,925 | -15.4% |
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 19 October 2026 via checked.be.