VACA Immo Oostende: 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
VACA Immo Oostende
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€240,911
2024 · -€673,979+€433,068
Equity
€27.6m
2024 · €27.9m-€256,063
Cash
€131,321
2024 · €832,442-€701,121
Balance sheet total
€40.1m
2024 · €40.6m-€442,424
Largest movements
Assets
- Cash -€701,121
down €701,121 (-84.2%), from €832,442 to €131,321
mainly Investment in fixed assets (net) (-€3.1m) and Debts after one year (-€888,889)
Equity and liabilities
- Debts after one year -€888,889
down €888,889 (-8.5%), from €10.5m to €9.6m
- Trade debts +€703,193
up €703,193 (+224%), from €314,234 to €1.0m
Income statement
- Depreciation -€487,206
down €487,206 (-14.5%), from €3.4m to €2.9m
- Turnover +€120,468
up €120,468 (+3.4%), from €3.5m to €3.7m
- Services and other goods +€61,996
up €61,996 (+10.4%), from €596,229 to €658,225
- Other operating income -€56,195
down €56,195 (-76.0%), from €73,948 to €17,754
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
-€673,979
Turnover
+€120,468
Other operating income
-€56,195
Services and other goods
-€61,996
Depreciation
+€487,206
Other operating charges
-€13,443
Other operating items
-€58,567
Financial income
-€622
Financial charges
+€16,216
Result 2025
-€240,911
raises the resultlowers the resultnot broken down further in the accounts
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
+€3.3m
Investment
-€3.1m
Financing
-€904,040
Cash 2024
€832,442
From operations (derived)
+€3.3m
Net result for the year
-€240,911
Depreciation
+€2.9m
Smaller working-capital items
-€1,095
Receivables within one year
-€26,887
Deferred charges and accrued income
+€14,008
Trade debts
+€703,193
Investment (derived)
-€3.1m
Investment in fixed assets (net)
-€3.1m
Current investments
-€12,656
Financing
-€904,040
Debts after one year
-€888,889
Contributions, distributions and other
-€15,152
Cash 2025
€131,321
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €40,585,033 | €40,142,608 | -€442,424 | -1.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €35,127,184 | €35,359,917 | +€232,733 | +0.7% |
| Tangible fixed assets | 22/27 | €35,127,061 | €35,359,794 | +€232,733 | +0.7% |
| Land and buildings | 22 | €32,242,862 | €30,235,141 | -€2.0m | -6.2% |
| Plant, machinery and equipment | 23 | €2,856,978 | €2,551,834 | -€305,144 | -10.7% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Assets under construction and advance payments | 27 | €27,221 | €2,572,820 | +€2.5m | +9,352% |
| Financial fixed assets | 28 | €123 | €123 | = | 0.0% |
| Affiliated companies | 280/1 | €123 | €123 | = | 0.0% |
| Participating interests | 280 | €123 | €123 | = | 0.0% |
| Current assets | 29/58 | €5,457,849 | €4,782,691 | -€675,157 | -12.4% |
| Stocks and contracts in progress | 3 | €1,248 | €1,677 | +€429 | +34.4% |
| Stocks | 30/36 | €1,248 | €1,677 | +€429 | +34.4% |
| Goods purchased for resale | 34 | €1,248 | €1,677 | +€429 | +34.4% |
| Amounts receivable within one year | 40/41 | €74,360 | €101,246 | +€26,887 | +36.2% |
| Trade receivables | 40 | €59,958 | €46,609 | -€13,349 | -22.3% |
| Other amounts receivable | 41 | €14,402 | €54,638 | +€40,236 | +279% |
| Current investments | 50/53 | €4,495,428 | €4,508,084 | +€12,656 | +0.3% |
| Other investments | 51/53 | €4,495,428 | €4,508,084 | +€12,656 | +0.3% |
| Cash at bank and in hand | 54/58 | €832,442 | €131,321 | -€701,121 | -84.2% |
| Deferred charges and accrued income | 490/1 | €54,371 | €40,363 | -€14,008 | -25.8% |
| Total equity and liabilities | 10/49 | €40,585,033 | €40,142,608 | -€442,424 | -1.1% |
| Equity | 10/15 | €27,861,771 | €27,605,708 | -€256,063 | -0.9% |
| Contributions | 10/11 | €72,914,097 | €72,914,097 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,385,659 | -€45,626,570 | -€240,911 | -0.5% |
| Investment grants | 15 | €333,333 | €318,182 | -€15,152 | -4.5% |
| Amounts payable | 17/49 | €12,723,261 | €12,536,900 | -€186,361 | -1.5% |
| Amounts payable after more than one year | 17 | €10,518,519 | €9,629,630 | -€888,889 | -8.5% |
| Financial debts | 170/4 | €10,518,519 | €9,629,630 | -€888,889 | -8.5% |
| Credit institutions | 173 | €10,518,519 | €9,629,630 | -€888,889 | -8.5% |
| Amounts payable within one year | 42/48 | €2,203,123 | €2,906,316 | +€703,193 | +31.9% |
| Current portion of amounts payable after more than one year | 42 | €888,889 | €888,889 | = | 0.0% |
| Trade debts | 44 | €314,234 | €1,017,427 | +€703,193 | +224% |
| Suppliers | 440/4 | €314,234 | €1,017,427 | +€703,193 | +224% |
| Other amounts payable | 47/48 | €1,000,000 | €1,000,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,619 | €954 | -€665 | -41.1% |
| Operating income | 70/76A | €3,905,084 | €3,922,830 | +€17,746 | +0.5% |
| Turnover | 70 | €3,541,104 | €3,661,572 | +€120,468 | +3.4% |
| Other operating income | 74 | €73,948 | €17,754 | -€56,195 | -76.0% |
| Non-recurring operating income | 76A | €290,032 | €243,504 | -€46,528 | -16.0% |
| Operating charges | 60/66A | €4,385,701 | €3,985,973 | -€399,728 | -9.1% |
| Services and other goods | 61 | €596,229 | €658,225 | +€61,996 | +10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,361,151 | €2,873,945 | -€487,206 | -14.5% |
| Other operating charges | 640/8 | €428,322 | €441,764 | +€13,443 | +3.1% |
| Non-recurring operating charges | 66A | - | €12,039 | +€12,039 | |
| Operating profit (loss) | 9901 | -€480,617 | -€63,143 | +€417,474 | +86.9% |
| Financial income | 75/76B | €31,647 | €31,024 | -€622 | -2.0% |
| Recurring financial income | 75 | €31,647 | €31,024 | -€622 | -2.0% |
| Income from current assets | 751 | €16,495 | €15,872 | -€623 | -3.8% |
| Other financial income | 752/9 | €15,152 | €15,152 | +€0 | 0.0% |
| Financial charges | 65/66B | €225,009 | €208,793 | -€16,216 | -7.2% |
| Recurring financial charges | 65 | €225,009 | €208,793 | -€16,216 | -7.2% |
| Debt charges | 650 | €219,944 | €203,500 | -€16,444 | -7.5% |
| Other financial charges | 652/9 | €5,064 | €5,293 | +€228 | +4.5% |
| Profit (loss) for the period before taxes | 9903 | -€673,979 | -€240,911 | +€433,068 | +64.3% |
| Profit (loss) for the period | 9904 | -€673,979 | -€240,911 | +€433,068 | +64.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€673,979 | -€240,911 | +€433,068 | +64.3% |
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 29 October 2026 via checked.be.