Vanbever Invest: what changed
What changed
Vanbever Invest
NACE 68.310, Real estate agency activities
filed annual accounts (NBB)
Net result for the year
€59,130
2024 · -€8,097+€67,227
Equity
€5.3m
2024 · €5.3m+€1,295
Cash
€1.1m
2024 · €1.3m-€189,521
Balance sheet total
€6.0m
2024 · €6.1m-€85,798
Largest movements
Assets
- Cash -€189,521
down €189,521 (-14.6%), from €1.3m to €1.1m
mainly Investment in fixed assets (net) (-€560,839) and Contributions, distributions and other (-€57,835)
- Tangible fixed assets +€184,730
up €184,730 (+4.9%), from €3.8m to €4.0m
of which Assets under construction and advance payments: +€188,097
- Receivables within one year -€81,006
down €81,006 (-7.6%), from €1.1m to €981,176
of which Other amounts receivable: -€84,857
Equity and liabilities
- Profit (loss) carried forward +€106,319
up €106,319 (+6.1%), from €1.8m to €1.9m
- Reserves -€105,024
down €105,024 (-5.5%), from €1.9m to €1.8m
of which Tax-exempt reserves: -€105,024
Income statement
- Depreciation -€37,662
down €37,662 (-9.1%), from €413,772 to €376,110
- Other operating charges +€23,521
up €23,521 (+33.1%), from €71,091 to €94,612
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
-€8,097
Gross operating margin
+€2,662
Depreciation
+€37,662
Other operating charges
-€23,521
Financial income
-€794
Financial charges
+€1,623
Taxes
+€4,225
Deferred taxes and other
+€45,369
Result 2025
€59,130
raises the resultlowers the resultnot broken down further in the accounts
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
+€465,070
Investment
-€560,839
Financing
-€93,752
Cash 2024
€1.3m
From operations (derived)
+€465,070
Net result for the year
+€59,130
Depreciation
+€376,110
Receivables within one year
+€81,006
Provisions
-€47,189
Trade debts
-€3,528
Tax, wage and social debts
+€9,684
Other debts
-€10,142
Investment (derived)
-€560,839
Investment in fixed assets (net)
-€560,839
Financing
-€93,752
Debts after one year
-€37,594
Current portion of long-term debt
+€1,677
Contributions, distributions and other
-€57,835
Cash 2025
€1.1m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,133,817 | €6,048,019 | -€85,798 | -1.4% |
| Fixed assets | 21/28 | €3,773,657 | €3,958,387 | +€184,730 | +4.9% |
| Tangible fixed assets | 22/27 | €3,773,657 | €3,958,387 | +€184,730 | +4.9% |
| Land and buildings | 22 | €3,773,657 | €3,770,290 | -€3,367 | -0.1% |
| Assets under construction and advance payments | 27 | - | €188,097 | +€188,097 | |
| Current assets | 29/58 | €2,360,160 | €2,089,633 | -€270,527 | -11.5% |
| Amounts receivable within one year | 40/41 | €1,062,182 | €981,176 | -€81,006 | -7.6% |
| Trade receivables | 40 | €0 | €3,851 | +€3,851 | |
| Other amounts receivable | 41 | €1,062,182 | €977,325 | -€84,857 | -8.0% |
| Cash at bank and in hand | 54/58 | €1,297,978 | €1,108,457 | -€189,521 | -14.6% |
| Total equity and liabilities | 10/49 | €6,133,817 | €6,048,019 | -€85,798 | -1.4% |
| Equity | 10/15 | €5,344,248 | €5,345,543 | +€1,295 | 0.0% |
| Contributions | 10/11 | €1,678,000 | €1,678,000 | = | 0.0% |
| Capital | 10 | €1,678,000 | €1,678,000 | = | 0.0% |
| Issued capital | 100 | €1,678,000 | €1,678,000 | = | 0.0% |
| Reserves | 13 | €1,908,946 | €1,803,922 | -€105,024 | -5.5% |
| Non-distributable reserves | 130/1 | €167,800 | €167,800 | = | 0.0% |
| Legal reserve | 130 | €167,800 | €167,800 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,030,464 | €925,440 | -€105,024 | -10.2% |
| Distributable reserves | 133 | €710,681 | €710,681 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,757,303 | €1,863,621 | +€106,319 | +6.1% |
| Provisions and deferred taxes | 16 | €436,590 | €389,401 | -€47,189 | -10.8% |
| Deferred taxes | 168 | €436,590 | €389,401 | -€47,189 | -10.8% |
| Amounts payable | 17/49 | €352,978 | €313,075 | -€39,903 | -11.3% |
| Amounts payable after more than one year | 17 | €180,552 | €142,957 | -€37,594 | -20.8% |
| Financial debts | 170/4 | €180,552 | €142,957 | -€37,594 | -20.8% |
| Amounts payable within one year | 42/48 | €172,427 | €170,117 | -€2,309 | -1.3% |
| Current portion of amounts payable after more than one year | 42 | €35,918 | €37,594 | +€1,677 | +4.7% |
| Trade debts | 44 | €126,367 | €122,839 | -€3,528 | -2.8% |
| Suppliers | 440/4 | €126,367 | €122,839 | -€3,528 | -2.8% |
| Taxes, remuneration and social security | 45 | €0 | €9,684 | +€9,684 | |
| Taxes | 450/3 | €0 | €9,684 | +€9,684 | |
| Other amounts payable | 47/48 | €10,142 | €0 | -€10,142 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €413,772 | €376,110 | -€37,662 | -9.1% |
| Other operating charges | 640/8 | €71,091 | €94,612 | +€23,521 | +33.1% |
| Gross operating margin | 9900 | €439,020 | €441,682 | +€2,662 | +0.6% |
| Operating profit (loss) | 9901 | -€45,843 | -€29,040 | +€16,803 | +36.7% |
| Financial income | 75/76B | €29,754 | €28,960 | -€794 | -2.7% |
| Recurring financial income | 75 | €29,754 | €28,960 | -€794 | -2.7% |
| Financial charges | 65/66B | €11,368 | €9,745 | -€1,623 | -14.3% |
| Recurring financial charges | 65 | €11,368 | €9,745 | -€1,623 | -14.3% |
| Profit (loss) for the period before taxes | 9903 | -€27,457 | -€9,826 | +€17,632 | +64.2% |
| Transfer from deferred taxes | 780 | €59,655 | €105,024 | +€45,369 | +76.1% |
| Income taxes | 67/77 | €40,294 | €36,069 | -€4,225 | -10.5% |
| Profit (loss) for the period | 9904 | -€8,097 | €59,130 | +€67,227 | |
| Transfer from tax-exempt reserves | 789 | €141,187 | €47,189 | -€93,998 | -66.6% |
| Profit (loss) for the period to be appropriated | 9905 | €133,090 | €106,319 | -€26,771 | -20.1% |
Next steps
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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.