VAMA: what changed
What changed
VAMA
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
filed annual accounts (NBB)
Net result for the year
€248
2024 · €16,227-€15,978
Equity
€211,731
2024 · €211,483+€248
Cash
€17,043
2024 · €57,961-€40,918
Balance sheet total
€665,158
2024 · €693,859-€28,701
Largest movements
Assets
- Cash -€40,918
down €40,918 (-70.6%), from €57,961 to €17,043
mainly Receivables within one year (-€33,369) and Debts after one year (-€30,270)
- Receivables within one year +€33,369
up €33,369 (+921%), from €3,621 to €36,990
of which Trade receivables: +€34,049
- Tangible fixed assets -€21,286
down €21,286 (-3.4%), from €631,373 to €610,087
of which Furniture and vehicles: -€14,378
Equity and liabilities
- Debts after one year -€30,270
down €30,270 (-10.5%), from €288,043 to €257,772
Income statement
- Gross operating margin -€11,204
down €11,204 (-17.2%), from €65,101 to €53,897
- Other operating charges +€2,850
up €2,850 (+73.7%), from €3,866 to €6,716
- Depreciation +€2,227
up €2,227 (+6.6%), from €33,686 to €35,913
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€16,227
Gross operating margin
-€11,204
Depreciation
-€2,227
Other operating charges
-€2,850
Financial income
+€119
Financial charges
+€178
Taxes
+€5
Result 2025
€248
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€3,023
Investment
-€14,627
Financing
-€29,314
Cash 2024
€57,961
From operations (derived)
+€3,023
Net result for the year
+€248
Depreciation
+€35,913
Receivables within one year
-€33,369
Deferred charges and accrued income
-€135
Provisions
-€343
Trade debts
+€758
Other debts
-€295
Accrued charges and deferred income
+€246
Investment (derived)
-€14,627
Investment in fixed assets (net)
-€14,627
Financing
-€29,314
Debts after one year
-€30,270
Current portion of long-term debt
+€956
Cash 2025
€17,043
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €693,859 | €665,158 | -€28,701 | -4.1% |
| Fixed assets | 21/28 | €631,373 | €610,087 | -€21,286 | -3.4% |
| Tangible fixed assets | 22/27 | €631,373 | €610,087 | -€21,286 | -3.4% |
| Land and buildings | 22 | €433,839 | €421,131 | -€12,708 | -2.9% |
| Plant, machinery and equipment | 23 | €1,042 | €14,362 | +€13,320 | +1,278% |
| Furniture and vehicles | 24 | €59,867 | €45,489 | -€14,378 | -24.0% |
| Other tangible fixed assets | 26 | €136,625 | €129,105 | -€7,521 | -5.5% |
| Current assets | 29/58 | €62,486 | €55,071 | -€7,415 | -11.9% |
| Amounts receivable within one year | 40/41 | €3,621 | €36,990 | +€33,369 | +921% |
| Trade receivables | 40 | €2,295 | €36,344 | +€34,049 | +1,484% |
| Other amounts receivable | 41 | €1,327 | €646 | -€680 | -51.3% |
| Cash at bank and in hand | 54/58 | €57,961 | €17,043 | -€40,918 | -70.6% |
| Deferred charges and accrued income | 490/1 | €903 | €1,038 | +€135 | +14.9% |
| Total equity and liabilities | 10/49 | €693,859 | €665,158 | -€28,701 | -4.1% |
| Equity | 10/15 | €211,483 | €211,731 | +€248 | +0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €192,883 | €193,131 | +€248 | +0.1% |
| Tax-exempt reserves | 132 | €36,493 | €35,463 | -€1,030 | -2.8% |
| Distributable reserves | 133 | €156,390 | €157,668 | +€1,279 | +0.8% |
| Provisions and deferred taxes | 16 | €9,846 | €9,502 | -€343 | -3.5% |
| Deferred taxes | 168 | €9,846 | €9,502 | -€343 | -3.5% |
| Amounts payable | 17/49 | €472,530 | €443,925 | -€28,606 | -6.1% |
| Amounts payable after more than one year | 17 | €288,043 | €257,772 | -€30,270 | -10.5% |
| Financial debts | 170/4 | €288,043 | €257,772 | -€30,270 | -10.5% |
| Amounts payable within one year | 42/48 | €184,488 | €185,907 | +€1,419 | +0.8% |
| Current portion of amounts payable after more than one year | 42 | €29,892 | €30,848 | +€956 | +3.2% |
| Trade debts | 44 | €4,115 | €4,873 | +€758 | +18.4% |
| Suppliers | 440/4 | €4,115 | €4,873 | +€758 | +18.4% |
| Other amounts payable | 47/48 | €150,481 | €150,186 | -€295 | -0.2% |
| Accrued charges and deferred income | 492/3 | €0 | €246 | +€246 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,686 | €35,913 | +€2,227 | +6.6% |
| Other operating charges | 640/8 | €3,866 | €6,716 | +€2,850 | +73.7% |
| Gross operating margin | 9900 | €65,101 | €53,897 | -€11,204 | -17.2% |
| Operating profit (loss) | 9901 | €27,549 | €11,268 | -€16,281 | -59.1% |
| Financial income | 75/76B | €9 | €128 | +€119 | +1,377% |
| Recurring financial income | 75 | €9 | €128 | +€119 | +1,377% |
| Financial charges | 65/66B | €11,672 | €11,494 | -€178 | -1.5% |
| Recurring financial charges | 65 | €11,672 | €11,494 | -€178 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €15,886 | -€98 | -€15,984 | |
| Transfer from deferred taxes | 780 | €343 | €343 | = | 0.0% |
| Income taxes | 67/77 | €3 | -€3 | -€5 | |
| Profit (loss) for the period | 9904 | €16,227 | €248 | -€15,978 | -98.5% |
| Transfer from tax-exempt reserves | 789 | €1,030 | €1,030 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,257 | €1,279 | -€15,978 | -92.6% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.