V&V HOMES: what changed
Two fiscal 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&V HOMES
Largest movements
- Receivables within one year +€19,396
up €19,396 (+29.3%), from €66,306 to €85,702
of which Other amounts receivable: +€22,518
- Tangible fixed assets -€11,975
down €11,975 (-2.9%), from €411,740 to €399,765
of which Land and buildings: -€11,231
- Reserves +€47,863
up €47,863 (+19.3%), from €248,578 to €296,442
of which Distributable reserves: +€48,057
- Debts after one year -€36,089
down €36,089 (-17.1%), from €211,623 to €175,534
of which Financial debts: -€37,793
- Advances received -€21,632
no longer reported in 2025 (was €21,632)
- Tax, wage and social debts +€13,010
up €13,010 (+64.9%), from €20,034 to €33,044
- Accrued charges and deferred income +€12,210
up €12,210 (+77.7%), from €15,713 to €27,924
- Financial income -€183,173
no longer reported in 2025 (was €183,173)
of which Non-recurring financial income: -€183,125
- Gross operating margin +€65,799
up €65,799 (+109.8%), from €59,920 to €125,719
- Taxes +€15,238
up €15,238 (+167.2%), from €9,113 to €24,351
- Other operating charges -€10,579
down €10,579 (-87.8%), from €12,042 to €1,463
- Depreciation +€7,309
up €7,309 (+127.2%), from €5,745 to €13,054
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.
Cash bridge derived
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 | €610,422 | €621,142 | +€10,719 | +1.8% |
| Fixed assets | 21/28 | €524,032 | €512,056 | -€11,975 | -2.3% |
| Tangible fixed assets | 22/27 | €411,740 | €399,765 | -€11,975 | -2.9% |
| Land and buildings | 22 | €399,841 | €388,611 | -€11,231 | -2.8% |
| Plant, machinery and equipment | 23 | - | €948 | +€948 | |
| Furniture and vehicles | 24 | €9,647 | €8,558 | -€1,089 | -11.3% |
| Other tangible fixed assets | 26 | €2,252 | €1,648 | -€604 | -26.8% |
| Financial fixed assets | 28 | €112,292 | €112,292 | = | 0.0% |
| Current assets | 29/58 | €86,391 | €109,085 | +€22,695 | +26.3% |
| Amounts receivable within one year | 40/41 | €66,306 | €85,702 | +€19,396 | +29.3% |
| Trade receivables | 40 | €16,291 | €13,169 | -€3,122 | -19.2% |
| Other amounts receivable | 41 | €50,015 | €72,533 | +€22,518 | +45.0% |
| Cash at bank and in hand | 54/58 | €20,085 | €23,383 | +€3,298 | +16.4% |
| Total equity and liabilities | 10/49 | €610,422 | €621,142 | +€10,719 | +1.8% |
| Equity | 10/15 | €267,128 | €314,992 | +€47,863 | +17.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €248,578 | €296,442 | +€47,863 | +19.3% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,601 | €5,408 | -€193 | -3.4% |
| Distributable reserves | 133 | €241,122 | €289,179 | +€48,057 | +19.9% |
| Provisions and deferred taxes | 16 | €1,400 | €1,352 | -€48 | -3.4% |
| Deferred taxes | 168 | €1,400 | €1,352 | -€48 | -3.4% |
| Amounts payable | 17/49 | €341,894 | €304,798 | -€37,096 | -10.9% |
| Amounts payable after more than one year | 17 | €211,623 | €175,534 | -€36,089 | -17.1% |
| Financial debts | 170/4 | €211,623 | €173,830 | -€37,793 | -17.9% |
| Other amounts payable | 178/9 | - | €1,705 | +€1,705 | |
| Amounts payable within one year | 42/48 | €114,557 | €101,340 | -€13,217 | -11.5% |
| Current portion of amounts payable after more than one year | 42 | €35,634 | €38,858 | +€3,224 | +9.0% |
| Trade debts | 44 | €6,437 | €1,439 | -€4,998 | -77.6% |
| Suppliers | 440/4 | €6,437 | €1,439 | -€4,998 | -77.6% |
| Advances received on contracts in progress | 46 | €21,632 | - | -€21,632 | |
| Taxes, remuneration and social security | 45 | €20,034 | €33,044 | +€13,010 | +64.9% |
| Taxes | 450/3 | €20,034 | €33,044 | +€13,010 | +64.9% |
| Other amounts payable | 47/48 | €30,821 | €28,000 | -€2,821 | -9.2% |
| Accrued charges and deferred income | 492/3 | €15,713 | €27,924 | +€12,210 | +77.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,745 | €13,054 | +€7,309 | +127.2% |
| Other operating charges | 640/8 | €12,042 | €1,463 | -€10,579 | -87.8% |
| Gross operating margin | 9900 | €59,920 | €125,719 | +€65,799 | +109.8% |
| Operating profit (loss) | 9901 | €42,133 | €111,201 | +€69,068 | +163.9% |
| Financial income | 75/76B | €183,173 | - | -€183,173 | |
| Recurring financial income | 75 | €48 | - | -€48 | |
| Non-recurring financial income | 76B | €183,125 | - | -€183,125 | |
| Financial charges | 65/66B | €6,667 | €11,035 | +€4,369 | +65.5% |
| Recurring financial charges | 65 | €6,667 | €11,035 | +€4,369 | +65.5% |
| Profit (loss) for the period before taxes | 9903 | €218,640 | €100,166 | -€118,474 | -54.2% |
| Transfer from deferred taxes | 780 | €48 | €48 | = | 0.0% |
| Income taxes | 67/77 | €9,113 | €24,351 | +€15,238 | +167.2% |
| Profit (loss) for the period | 9904 | €209,575 | €75,863 | -€133,712 | -63.8% |
| Transfer from tax-exempt reserves | 789 | €193 | €193 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €209,768 | €76,057 | -€133,712 | -63.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.