VANTAGE REALTY: 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.
VANTAGE REALTY
Largest movements
- Receivables within one year -€107,973
down €107,973 (-50.6%), from €213,239 to €105,266
of which Trade receivables: -€83,605
- Tangible fixed assets +€76,446
up €76,446 (+114.4%), from €66,828 to €143,274
of which Furniture and vehicles: +€65,075
- Stocks and contracts -€63,000
down €63,000 (-100.0%), from €63,000 to €0
- Cash -€26,087
down €26,087 (-97.8%), from €26,667 to €580
mainly Investment in fixed assets (net) (-€89,726) and Trade debts (-€84,587)
- Deferred charges and accrued income -€7,686
down €7,686 (-100.0%), from €7,686 to €0
- Trade debts -€84,587
down €84,587 (-63.7%), from €132,751 to €48,164
- Reserves -€29,302
down €29,302 (-16.7%), from €175,669 to €146,368
of which Distributable reserves: -€29,302
- Debts after one year -€22,083
down €22,083 (-40.8%), from €54,113 to €32,030
- Short-term financial debts +€7,985
up €7,985 (+4.5%), from €178,750 to €186,735
of which Credit institutions: +€7,985
- Tax, wage and social debts +€6,502
up €6,502 (+58.1%), from €11,196 to €17,698
of which Taxes: +€6,502
- Gross operating margin +€21,334
up €21,334, from -€1,067 to €20,267
- Depreciation +€6,296
up €6,296 (+90.1%), from €6,985 to €13,280
- Taxes +€3,290
up €3,290 (+321.7%), from €1,023 to €4,312
- Other operating charges -€1,760
down €1,760 (-49.9%), from €3,526 to €1,766
- Financial charges -€1,113
down €1,113 (-7.3%), from €15,146 to €14,034
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €609,560 | €481,260 | -€128,300 | -21.0% |
| Fixed assets | 21/28 | €248,969 | €325,414 | +€76,446 | +30.7% |
| Tangible fixed assets | 22/27 | €66,828 | €143,274 | +€76,446 | +114.4% |
| Land and buildings | 22 | €1,472 | €391 | -€1,082 | -73.5% |
| Plant, machinery and equipment | 23 | €5,682 | €9,734 | +€4,052 | +71.3% |
| Furniture and vehicles | 24 | €30,912 | €95,987 | +€65,075 | +210.5% |
| Other tangible fixed assets | 26 | €28,762 | €37,162 | +€8,400 | +29.2% |
| Financial fixed assets | 28 | €182,141 | €182,141 | = | 0.0% |
| Current assets | 29/58 | €360,591 | €155,846 | -€204,746 | -56.8% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €63,000 | €0 | -€63,000 | -100.0% |
| Stocks | 30/36 | €63,000 | €0 | -€63,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €213,239 | €105,266 | -€107,973 | -50.6% |
| Trade receivables | 40 | €146,480 | €62,875 | -€83,605 | -57.1% |
| Other amounts receivable | 41 | €66,759 | €42,391 | -€24,368 | -36.5% |
| Cash at bank and in hand | 54/58 | €26,667 | €580 | -€26,087 | -97.8% |
| Deferred charges and accrued income | 490/1 | €7,686 | €0 | -€7,686 | -100.0% |
| Total equity and liabilities | 10/49 | €609,560 | €481,260 | -€128,300 | -21.0% |
| Equity | 10/15 | €181,869 | €152,568 | -€29,302 | -16.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €175,669 | €146,368 | -€29,302 | -16.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €175,669 | €146,368 | -€29,302 | -16.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €427,691 | €328,692 | -€98,998 | -23.1% |
| Amounts payable after more than one year | 17 | €54,113 | €32,030 | -€22,083 | -40.8% |
| Financial debts | 170/4 | €54,113 | €32,030 | -€22,083 | -40.8% |
| Amounts payable within one year | 42/48 | €371,540 | €296,568 | -€74,972 | -20.2% |
| Current portion of amounts payable after more than one year | 42 | €23,876 | €23,904 | +€28 | +0.1% |
| Financial debts | 43 | €178,750 | €186,735 | +€7,985 | +4.5% |
| Credit institutions | 430/8 | €175,000 | €182,985 | +€7,985 | +4.6% |
| Other loans | 439 | €3,750 | €3,750 | = | 0.0% |
| Trade debts | 44 | €132,751 | €48,164 | -€84,587 | -63.7% |
| Suppliers | 440/4 | €132,751 | €48,164 | -€84,587 | -63.7% |
| Taxes, remuneration and social security | 45 | €11,196 | €17,698 | +€6,502 | +58.1% |
| Taxes | 450/3 | €11,196 | €17,698 | +€6,502 | +58.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €24,966 | €20,067 | -€4,900 | -19.6% |
| Accrued charges and deferred income | 492/3 | €2,037 | €94 | -€1,943 | -95.4% |
| Remuneration, social security and pensions | 62 | €1,007 | €0 | -€1,007 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,985 | €13,280 | +€6,296 | +90.1% |
| Other operating charges | 640/8 | €3,526 | €1,766 | -€1,760 | -49.9% |
| Gross operating margin | 9900 | -€1,067 | €20,267 | +€21,334 | |
| Operating profit (loss) | 9901 | -€12,585 | €5,220 | +€17,805 | |
| Financial income | 75/76B | €3,843 | €3,891 | +€48 | +1.3% |
| Recurring financial income | 75 | €3,843 | €3,891 | +€48 | +1.3% |
| Financial charges | 65/66B | €15,146 | €14,034 | -€1,113 | -7.3% |
| Recurring financial charges | 65 | €15,146 | €14,034 | -€1,113 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | -€23,889 | -€4,923 | +€18,966 | +79.4% |
| Income taxes | 67/77 | €1,023 | €4,312 | +€3,290 | +321.7% |
| Profit (loss) for the period | 9904 | -€24,911 | -€9,235 | +€15,676 | +62.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,911 | -€9,235 | +€15,676 | +62.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.