VDE - INVEST: what changed
What changed
VDE - INVEST
NACE 68.310, Real estate agency activities
filed annual accounts (NBB)
Net result for the year
€24,847
2024 · €29,155-€4,308
Equity
€1.1m
2024 · €1.1m+€24,847
Cash
€22,366
2024 · €7,459+€14,907
Balance sheet total
€1.3m
2024 · €1.2m+€41,443
Largest movements
Assets
- Receivables within one year +€27,888
up €27,888 (+13.1%), from €212,657 to €240,545
of which Trade receivables: +€15,154
- Cash +€14,907
up €14,907 (+200%), from €7,459 to €22,366
mainly Net result for the year (+€24,847) and Depreciation (+€6,830)
Equity and liabilities
- Profit (loss) carried forward +€24,847
up €24,847 (+10.6%), from €235,503 to €260,350
Income statement
- Gross operating margin -€7,808
down €7,808 (-12.7%), from €61,398 to €53,590
- Financial charges -€2,319
down €2,319 (-79.7%), from €2,908 to €589
- Financial income +€2,099
up €2,099 (+43.7%), from €4,801 to €6,899
- Taxes -€1,306
down €1,306 (-12.3%), from €10,613 to €9,307
- Depreciation +€1,260
up €1,260 (+22.6%), from €5,570 to €6,830
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
€29,155
Gross operating margin
-€7,808
Depreciation
-€1,260
Other operating charges
-€963
Financial income
+€2,099
Financial charges
+€2,319
Taxes
+€1,306
Result 2025
€24,847
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
+€10,907
Investment
€0
Financing
+€4,000
Cash 2024
€7,459
From operations (derived)
+€10,907
Net result for the year
+€24,847
Depreciation
+€6,830
Receivables within one year
-€27,888
Deferred charges and accrued income
-€5,479
Trade debts
+€2,927
Tax, wage and social debts
+€4,486
Other debts
+€2,686
Accrued charges and deferred income
+€2,498
Financing
+€4,000
Debts after one year
+€4,000
Cash 2025
€22,366
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,227,370 | €1,268,813 | +€41,443 | +3.4% |
| Fixed assets | 21/28 | €1,002,898 | €996,068 | -€6,830 | -0.7% |
| Tangible fixed assets | 22/27 | €157,591 | €150,761 | -€6,830 | -4.3% |
| Land and buildings | 22 | €150,932 | €145,596 | -€5,337 | -3.5% |
| Furniture and vehicles | 24 | €6,659 | €5,165 | -€1,494 | -22.4% |
| Financial fixed assets | 28 | €845,307 | €845,307 | = | 0.0% |
| Current assets | 29/58 | €224,471 | €272,745 | +€48,274 | +21.5% |
| Amounts receivable within one year | 40/41 | €212,657 | €240,545 | +€27,888 | +13.1% |
| Trade receivables | 40 | €40,523 | €55,676 | +€15,154 | +37.4% |
| Other amounts receivable | 41 | €172,134 | €184,868 | +€12,734 | +7.4% |
| Cash at bank and in hand | 54/58 | €7,459 | €22,366 | +€14,907 | +200% |
| Deferred charges and accrued income | 490/1 | €4,355 | €9,834 | +€5,479 | +126% |
| Total equity and liabilities | 10/49 | €1,227,370 | €1,268,813 | +€41,443 | +3.4% |
| Equity | 10/15 | €1,112,179 | €1,137,026 | +€24,847 | +2.2% |
| Contributions | 10/11 | €796,978 | €796,978 | = | 0.0% |
| Capital | 10 | €796,978 | €796,978 | = | 0.0% |
| Issued capital | 100 | €796,978 | €796,978 | = | 0.0% |
| Reserves | 13 | €79,698 | €79,698 | = | 0.0% |
| Non-distributable reserves | 130/1 | €79,698 | €79,698 | = | 0.0% |
| Legal reserve | 130 | €79,698 | €79,698 | = | 0.0% |
| Profit (loss) carried forward | 14 | €235,503 | €260,350 | +€24,847 | +10.6% |
| Amounts payable | 17/49 | €115,191 | €131,787 | +€16,596 | +14.4% |
| Amounts payable after more than one year | 17 | - | €4,000 | +€4,000 | |
| Financial debts | 170/4 | - | €4,000 | +€4,000 | |
| Amounts payable within one year | 42/48 | €114,616 | €124,714 | +€10,098 | +8.8% |
| Trade debts | 44 | €18,996 | €21,923 | +€2,927 | +15.4% |
| Suppliers | 440/4 | €18,996 | €21,923 | +€2,927 | +15.4% |
| Taxes, remuneration and social security | 45 | €23,993 | €28,479 | +€4,486 | +18.7% |
| Taxes | 450/3 | €23,993 | €28,479 | +€4,486 | +18.7% |
| Other amounts payable | 47/48 | €71,627 | €74,313 | +€2,686 | +3.8% |
| Accrued charges and deferred income | 492/3 | €575 | €3,073 | +€2,498 | +435% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,570 | €6,830 | +€1,260 | +22.6% |
| Other operating charges | 640/8 | €17,952 | €18,915 | +€963 | +5.4% |
| Gross operating margin | 9900 | €61,398 | €53,590 | -€7,808 | -12.7% |
| Operating profit (loss) | 9901 | €37,876 | €27,844 | -€10,032 | -26.5% |
| Financial income | 75/76B | €4,801 | €6,899 | +€2,099 | +43.7% |
| Recurring financial income | 75 | €4,801 | €6,899 | +€2,099 | +43.7% |
| Financial charges | 65/66B | €2,908 | €589 | -€2,319 | -79.7% |
| Recurring financial charges | 65 | €2,908 | €589 | -€2,319 | -79.7% |
| Profit (loss) for the period before taxes | 9903 | €39,769 | €34,154 | -€5,614 | -14.1% |
| Income taxes | 67/77 | €10,613 | €9,307 | -€1,306 | -12.3% |
| Profit (loss) for the period | 9904 | €29,155 | €24,847 | -€4,308 | -14.8% |
| Profit (loss) for the period to be appropriated | 9905 | €29,155 | €24,847 | -€4,308 | -14.8% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.