Vastgoed MJ: 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.
Vastgoed MJ
Largest movements
- Tangible fixed assets +€78,724
up €78,724 (+77.5%), from €101,552 to €180,275
of which Furniture and vehicles: +€74,935
- Intangible fixed assets -€45,551
down €45,551 (-13.9%), from €326,712 to €281,162
- Cash +€19,044
up €19,044 (+21.1%), from €90,465 to €109,508
mainly Depreciation (+€96,416) and Net result for the year (+€56,725)
- Profit (loss) carried forward +€56,725
up €56,725 (+34.2%), from €166,054 to €222,779
- Current portion of long-term debt +€25,540
up €25,540 (+34.9%), from €73,177 to €98,717
- Tax, wage and social debts -€19,555
down €19,555 (-20.8%), from €94,191 to €74,636
of which Remuneration and social security: -€17,413
- Debts after one year -€19,412
down €19,412 (-9.5%), from €204,875 to €185,463
- Gross operating margin +€77,315
up €77,315 (+19.2%), from €402,778 to €480,093
- Staff costs +€29,396
up €29,396 (+11.3%), from €260,046 to €289,442
- Depreciation +€22,066
up €22,066 (+29.7%), from €74,350 to €96,416
- Taxes +€9,748
up €9,748 (+81.3%), from €11,987 to €21,735
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €600,670 | €646,983 | +€46,313 | +7.7% |
| Fixed assets | 21/28 | €428,264 | €461,437 | +€33,173 | +7.7% |
| Intangible fixed assets | 21 | €326,712 | €281,162 | -€45,551 | -13.9% |
| Tangible fixed assets | 22/27 | €101,552 | €180,275 | +€78,724 | +77.5% |
| Plant, machinery and equipment | 23 | €1,148 | €743 | -€405 | -35.3% |
| Furniture and vehicles | 24 | €31,220 | €106,155 | +€74,935 | +240% |
| Other tangible fixed assets | 26 | €69,184 | €73,377 | +€4,193 | +6.1% |
| Current assets | 29/58 | €172,406 | €185,546 | +€13,140 | +7.6% |
| Amounts receivable within one year | 40/41 | €74,057 | €71,496 | -€2,562 | -3.5% |
| Trade receivables | 40 | €72,736 | €18,526 | -€54,210 | -74.5% |
| Other amounts receivable | 41 | €1,322 | €52,970 | +€51,648 | +3,908% |
| Cash at bank and in hand | 54/58 | €90,465 | €109,508 | +€19,044 | +21.1% |
| Deferred charges and accrued income | 490/1 | €7,884 | €4,542 | -€3,342 | -42.4% |
| Total equity and liabilities | 10/49 | €600,670 | €646,983 | +€46,313 | +7.7% |
| Equity | 10/15 | €169,054 | €225,779 | +€56,725 | +33.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €166,054 | €222,779 | +€56,725 | +34.2% |
| Amounts payable | 17/49 | €431,616 | €421,204 | -€10,412 | -2.4% |
| Amounts payable after more than one year | 17 | €204,875 | €185,463 | -€19,412 | -9.5% |
| Financial debts | 170/4 | €204,875 | €185,463 | -€19,412 | -9.5% |
| Amounts payable within one year | 42/48 | €226,741 | €235,741 | +€9,000 | +4.0% |
| Current portion of amounts payable after more than one year | 42 | €73,177 | €98,717 | +€25,540 | +34.9% |
| Financial debts | 43 | €4,020 | €5,272 | +€1,253 | +31.2% |
| Credit institutions | 430/8 | €4,020 | €5,272 | +€1,253 | +31.2% |
| Trade debts | 44 | €51,236 | €54,713 | +€3,478 | +6.8% |
| Suppliers | 440/4 | €51,236 | €54,713 | +€3,478 | +6.8% |
| Taxes, remuneration and social security | 45 | €94,191 | €74,636 | -€19,555 | -20.8% |
| Taxes | 450/3 | €59,458 | €57,316 | -€2,142 | -3.6% |
| Remuneration and social security | 454/9 | €34,732 | €17,320 | -€17,413 | -50.1% |
| Other amounts payable | 47/48 | €4,118 | €2,402 | -€1,716 | -41.7% |
| Non-recurring operating income | 76A | - | €20,865 | +€20,865 | |
| Remuneration, social security and pensions | 62 | €260,046 | €289,442 | +€29,396 | +11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,350 | €96,416 | +€22,066 | +29.7% |
| Other operating charges | 640/8 | €2,614 | €2,382 | -€233 | -8.9% |
| Gross operating margin | 9900 | €402,778 | €480,093 | +€77,315 | +19.2% |
| Operating profit (loss) | 9901 | €65,767 | €91,854 | +€26,087 | +39.7% |
| Financial income | 75/76B | €57 | €433 | +€375 | +654% |
| Recurring financial income | 75 | €57 | €433 | +€375 | +654% |
| Financial charges | 65/66B | €12,787 | €13,827 | +€1,040 | +8.1% |
| Recurring financial charges | 65 | €12,787 | €13,827 | +€1,040 | +8.1% |
| Profit (loss) for the period before taxes | 9903 | €53,038 | €78,460 | +€25,422 | +47.9% |
| Income taxes | 67/77 | €11,987 | €21,735 | +€9,748 | +81.3% |
| Profit (loss) for the period | 9904 | €41,051 | €56,725 | +€15,674 | +38.2% |
| Profit (loss) for the period to be appropriated | 9905 | €41,051 | €56,725 | +€15,674 | +38.2% |
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 22 October 2026 via checked.be.