VEGA: 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.
What changed
VEGA
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€4,734
2023 · €29,700-€24,965
Equity
€409,483
2023 · €404,749+€4,734
Cash
€5,661
2023 · €281+€5,380
Balance sheet total
€1.4m
2023 · €1.4m-€29,619
Largest movements
Assets
- Tangible fixed assets -€19,060
down €19,060 (-4.3%), from €447,641 to €428,581
of which Land and buildings: -€18,598
- Receivables within one year -€17,233
down €17,233 (-1.8%), from €942,308 to €925,075
of which Other amounts receivable: -€15,000
Equity and liabilities
- Other debts -€42,700
down €42,700 (-5.5%), from €776,827 to €734,127
- Trade debts +€17,360
up €17,360 (+414%), from €4,195 to €21,555
Income statement
- Gross operating margin -€25,779
down €25,779 (-32.3%), from €79,724 to €53,945
- Other operating charges -€5,495
down €5,495 (-22.7%), from €24,187 to €18,691
- Taxes -€4,064
down €4,064 (-47.1%), from €8,628 to €4,565
- Depreciation +€1,713
up €1,713 (+7.9%), from €21,582 to €23,295
- Financial charges -€1,116
down €1,116 (-24.0%), from €4,652 to €3,536
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.
Result 2023
€29,700
Gross operating margin
-€25,779
Staff costs
+€198
Depreciation
-€1,713
Other operating charges
+€5,495
Other operating items
-€757
Financial income
-€29
Financial charges
+€1,116
Taxes
+€4,064
Deferred taxes and other
-€7,560
Result 2024
€4,734
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
+€21,559
Investment
-€4,235
Financing
-€11,944
Cash 2023
€281
From operations (derived)
+€21,559
Net result for the year
+€4,734
Depreciation
+€23,295
Receivables within one year
+€17,233
Deferred charges and accrued income
-€1,295
Provisions
-€1,633
Trade debts
+€17,360
Tax, wage and social debts
+€4,565
Other debts
-€42,700
Investment (derived)
-€4,235
Investment in fixed assets (net)
-€4,235
Financing
-€11,944
Debts after one year
-€12,197
Current portion of long-term debt
+€253
Cash 2024
€5,661
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,390,230 | €1,360,612 | -€29,619 | -2.1% |
| Fixed assets | 21/28 | €447,641 | €428,581 | -€19,060 | -4.3% |
| Tangible fixed assets | 22/27 | €447,641 | €428,581 | -€19,060 | -4.3% |
| Land and buildings | 22 | €446,340 | €427,742 | -€18,598 | -4.2% |
| Furniture and vehicles | 24 | €1,301 | €839 | -€462 | -35.5% |
| Current assets | 29/58 | €942,589 | €932,031 | -€10,559 | -1.1% |
| Amounts receivable within one year | 40/41 | €942,308 | €925,075 | -€17,233 | -1.8% |
| Trade receivables | 40 | €2,233 | €0 | -€2,233 | -100% |
| Other amounts receivable | 41 | €940,075 | €925,075 | -€15,000 | -1.6% |
| Cash at bank and in hand | 54/58 | €281 | €5,661 | +€5,380 | +1,912% |
| Deferred charges and accrued income | 490/1 | €0 | €1,295 | +€1,295 | |
| Total equity and liabilities | 10/49 | €1,390,230 | €1,360,612 | -€29,619 | -2.1% |
| Equity | 10/15 | €404,749 | €409,483 | +€4,734 | +1.2% |
| Contributions | 10/11 | €223,104 | €223,104 | = | 0.0% |
| Capital | 10 | €223,104 | €223,104 | = | 0.0% |
| Issued capital | 100 | €223,104 | €223,104 | = | 0.0% |
| Reserves | 13 | €181,645 | €186,379 | +€4,734 | +2.6% |
| Non-distributable reserves | 130/1 | €22,310 | €22,310 | = | 0.0% |
| Legal reserve | 130 | €22,310 | €22,310 | = | 0.0% |
| Tax-exempt reserves | 132 | €33,662 | €30,490 | -€3,172 | -9.4% |
| Distributable reserves | 133 | €125,672 | €133,578 | +€7,907 | +6.3% |
| Provisions and deferred taxes | 16 | €17,334 | €15,700 | -€1,633 | -9.4% |
| Deferred taxes | 168 | €17,334 | €15,700 | -€1,633 | -9.4% |
| Amounts payable | 17/49 | €968,148 | €935,428 | -€32,720 | -3.4% |
| Amounts payable after more than one year | 17 | €167,720 | €155,523 | -€12,197 | -7.3% |
| Financial debts | 170/4 | €167,720 | €155,523 | -€12,197 | -7.3% |
| Amounts payable within one year | 42/48 | €800,428 | €779,905 | -€20,523 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €11,944 | €12,197 | +€253 | +2.1% |
| Trade debts | 44 | €4,195 | €21,555 | +€17,360 | +414% |
| Suppliers | 440/4 | €4,195 | €21,555 | +€17,360 | +414% |
| Taxes, remuneration and social security | 45 | €7,462 | €12,027 | +€4,565 | +61.2% |
| Taxes | 450/3 | €7,462 | €12,027 | +€4,565 | +61.2% |
| Other amounts payable | 47/48 | €776,827 | €734,127 | -€42,700 | -5.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €40,096 | €0 | -€40,096 | -100% |
| Remuneration, social security and pensions | 62 | €198 | €0 | -€198 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,582 | €23,295 | +€1,713 | +7.9% |
| Other operating charges | 640/8 | €24,187 | €18,691 | -€5,495 | -22.7% |
| Non-recurring operating charges | 66A | €0 | €757 | +€757 | |
| Gross operating margin | 9900 | €79,724 | €53,945 | -€25,779 | -32.3% |
| Operating profit (loss) | 9901 | €33,757 | €11,202 | -€22,556 | -66.8% |
| Financial income | 75/76B | €29 | €0 | -€29 | -100% |
| Recurring financial income | 75 | €29 | €0 | -€29 | -100% |
| Financial charges | 65/66B | €4,652 | €3,536 | -€1,116 | -24.0% |
| Recurring financial charges | 65 | €4,652 | €3,536 | -€1,116 | -24.0% |
| Profit (loss) for the period before taxes | 9903 | €29,135 | €7,666 | -€21,469 | -73.7% |
| Transfer from deferred taxes | 780 | €9,194 | €1,633 | -€7,560 | -82.2% |
| Income taxes | 67/77 | €8,628 | €4,565 | -€4,064 | -47.1% |
| Profit (loss) for the period | 9904 | €29,700 | €4,734 | -€24,965 | -84.1% |
| Transfer from tax-exempt reserves | 789 | €17,855 | €3,172 | -€14,682 | -82.2% |
| Profit (loss) for the period to be appropriated | 9905 | €47,554 | €7,907 | -€39,648 | -83.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.