VERDEGEM VASTGOED: what changed
What changed
VERDEGEM VASTGOED
NACE 68.310, Real estate agency activities
filed annual accounts (NBB)
Net result for the year
€295,324
2024 · €286,888+€8,437
Equity
€1.9m
2024 · €1.8m+€95,147
Cash
€731,545
2024 · €351,678+€379,867
Balance sheet total
€2.2m
2024 · €2.0m+€196,248
Largest movements
Assets
- Cash +€379,867
up €379,867 (+108%), from €351,678 to €731,545
mainly Net result for the year (+€295,324) and Receivables within one year (+€113,632)
- Receivables within one year -€113,632
down €113,632 (-35.4%), from €321,401 to €207,769
of which Other amounts receivable: -€113,433
- Tangible fixed assets -€69,714
down €69,714 (-8.5%), from €820,736 to €751,022
of which Land and buildings: -€47,150
Equity and liabilities
- Trade debts +€113,050
up €113,050 (+272%), from €41,603 to €154,652
- Reserves +€95,147
up €95,147 (+5.3%), from €1.8m to €1.9m
of which Distributable reserves: +€197,214
- Debts after one year -€25,466
down €25,466 (-43.1%), from €59,100 to €33,634
- Tax, wage and social debts +€22,411
up €22,411 (+29.6%), from €75,689 to €98,100
of which Taxes: +€18,669
Income statement
- Staff costs -€54,890
down €54,890 (-18.9%), from €290,236 to €235,346
- Gross operating margin -€31,807
down €31,807 (-3.9%), from €812,582 to €780,775
- Taxes -€13,345
down €13,345 (-8.0%), from €167,413 to €154,068
- Other operating charges +€10,731
up €10,731 (+251%), from €4,279 to €15,010
- Provisions +€9,171
up €9,171, from -€7,724 to €1,446
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
€286,888
Gross operating margin
-€31,807
Staff costs
+€54,890
Depreciation
+€229
Provisions
-€9,171
Other operating charges
-€10,731
Other operating items
+€200
Financial income
-€7,454
Financial charges
-€1,064
Taxes
+€13,345
Result 2025
€295,324
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
+€632,681
Investment
-€18,805
Financing
-€234,009
Cash 2024
€351,678
From operations (derived)
+€632,681
Net result for the year
+€295,324
Depreciation
+€94,754
Receivables within one year
+€113,632
Deferred charges and accrued income
-€5,962
Provisions
-€529
Trade debts
+€113,050
Tax, wage and social debts
+€22,411
Investment (derived)
-€18,805
Investment in fixed assets (net)
-€16,123
Current investments
-€2,682
Financing
-€234,009
Debts after one year
-€25,466
Current portion of long-term debt
-€7,943
Short-term financial debts
-€422
Contributions, distributions and other
-€200,177
Cash 2025
€731,545
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,020,493 | €2,216,741 | +€196,248 | +9.7% |
| Fixed assets | 21/28 | €842,163 | €763,532 | -€78,631 | -9.3% |
| Intangible fixed assets | 21 | €19,178 | €10,261 | -€8,917 | -46.5% |
| Tangible fixed assets | 22/27 | €820,736 | €751,022 | -€69,714 | -8.5% |
| Land and buildings | 22 | €684,924 | €637,773 | -€47,150 | -6.9% |
| Plant, machinery and equipment | 23 | €14,183 | €9,869 | -€4,314 | -30.4% |
| Furniture and vehicles | 24 | €97,327 | €81,084 | -€16,243 | -16.7% |
| Other tangible fixed assets | 26 | €24,302 | €22,295 | -€2,007 | -8.3% |
| Financial fixed assets | 28 | €2,250 | €2,250 | = | 0.0% |
| Current assets | 29/58 | €1,178,329 | €1,453,209 | +€274,879 | +23.3% |
| Amounts receivable within one year | 40/41 | €321,401 | €207,769 | -€113,632 | -35.4% |
| Trade receivables | 40 | €123,534 | €123,335 | -€199 | -0.2% |
| Other amounts receivable | 41 | €197,867 | €84,434 | -€113,433 | -57.3% |
| Current investments | 50/53 | €472,300 | €474,982 | +€2,682 | +0.6% |
| Cash at bank and in hand | 54/58 | €351,678 | €731,545 | +€379,867 | +108% |
| Deferred charges and accrued income | 490/1 | €32,951 | €38,913 | +€5,962 | +18.1% |
| Total equity and liabilities | 10/49 | €2,020,493 | €2,216,741 | +€196,248 | +9.7% |
| Equity | 10/15 | €1,803,037 | €1,898,184 | +€95,147 | +5.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,796,837 | €1,891,984 | +€95,147 | +5.3% |
| Tax-exempt reserves | 132 | €347,329 | €245,262 | -€102,067 | -29.4% |
| Distributable reserves | 133 | €1,449,508 | €1,646,722 | +€197,214 | +13.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €5,816 | €5,287 | -€529 | -9.1% |
| Deferred taxes | 168 | €5,816 | €5,287 | -€529 | -9.1% |
| Amounts payable | 17/49 | €211,640 | €313,270 | +€101,629 | +48.0% |
| Amounts payable after more than one year | 17 | €59,100 | €33,634 | -€25,466 | -43.1% |
| Financial debts | 170/4 | €59,100 | €33,634 | -€25,466 | -43.1% |
| Amounts payable within one year | 42/48 | €152,540 | €279,636 | +€127,096 | +83.3% |
| Current portion of amounts payable after more than one year | 42 | €32,344 | €24,400 | -€7,943 | -24.6% |
| Financial debts | 43 | €460 | €38 | -€422 | -91.7% |
| Credit institutions | 430/8 | €460 | €38 | -€422 | -91.7% |
| Trade debts | 44 | €41,603 | €154,652 | +€113,050 | +272% |
| Suppliers | 440/4 | €41,603 | €154,652 | +€113,050 | +272% |
| Taxes, remuneration and social security | 45 | €75,689 | €98,100 | +€22,411 | +29.6% |
| Taxes | 450/3 | €55,719 | €74,388 | +€18,669 | +33.5% |
| Remuneration and social security | 454/9 | €19,970 | €23,712 | +€3,742 | +18.7% |
| Other amounts payable | 47/48 | €2,445 | €2,445 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €290,236 | €235,346 | -€54,890 | -18.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,983 | €94,754 | -€229 | -0.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€7,724 | €1,446 | +€9,171 | |
| Other operating charges | 640/8 | €4,279 | €15,010 | +€10,731 | +251% |
| Non-recurring operating charges | 66A | €200 | €0 | -€200 | -100% |
| Gross operating margin | 9900 | €812,582 | €780,775 | -€31,807 | -3.9% |
| Operating profit (loss) | 9901 | €430,608 | €434,219 | +€3,611 | +0.8% |
| Financial income | 75/76B | €26,944 | €19,490 | -€7,454 | -27.7% |
| Recurring financial income | 75 | €26,944 | €19,490 | -€7,454 | -27.7% |
| Financial charges | 65/66B | €3,780 | €4,844 | +€1,064 | +28.1% |
| Recurring financial charges | 65 | €3,780 | €4,844 | +€1,064 | +28.1% |
| Profit (loss) for the period before taxes | 9903 | €453,772 | €448,864 | -€4,908 | -1.1% |
| Transfer from deferred taxes | 780 | €529 | €529 | = | 0.0% |
| Income taxes | 67/77 | €167,413 | €154,068 | -€13,345 | -8.0% |
| Profit (loss) for the period | 9904 | €286,888 | €295,324 | +€8,437 | +2.9% |
| Transfer from tax-exempt reserves | 789 | €317,543 | €169,427 | -€148,116 | -46.6% |
| Transfer to tax-exempt reserves | 689 | €100,274 | €67,360 | -€32,914 | -32.8% |
| Profit (loss) for the period to be appropriated | 9905 | €504,157 | €397,391 | -€106,765 | -21.2% |
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 3 November 2026 via checked.be.