Vermogenshuis: 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.
Vermogenshuis
Largest movements
- Cash +€106,635
up €106,635 (+161%), from €66,079 to €172,715
mainly Depreciation (+€326,625) and Net result for the year (+€177,126)
- Current investments -€99,009
down €99,009 (-100%), from €99,009 to €0
- Intangible fixed assets -€78,508
down €78,508 (-6.7%), from €1.2m to €1.1m
- Receivables within one year +€44,744
up €44,744 (+27.5%), from €162,462 to €207,206
of which Trade receivables: +€44,744
- Debts after one year -€315,037
down €315,037 (-89.2%), from €353,026 to €37,989
- Reserves +€177,126
up €177,126 (+42.8%), from €413,730 to €590,856
- Other debts +€61,996
up €61,996 (+18.8%), from €329,217 to €391,214
- Accrued charges and deferred income +€33,872
up €33,872 (+57.1%), from €59,293 to €93,166
- Gross operating margin +€135,686
up €135,686 (+33.7%), from €402,930 to €538,616
- Financial income +€36,116
up €36,116 (+22,746%), from €159 to €36,275
- Depreciation +€34,667
up €34,667 (+11.9%), from €291,958 to €326,625
- Taxes +€26,957
up €26,957 (+117%), from €23,123 to €50,080
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 | €1,495,124 | €1,466,526 | -€28,598 | -1.9% |
| Fixed assets | 21/28 | €1,164,047 | €1,085,539 | -€78,508 | -6.7% |
| Intangible fixed assets | 21 | €1,164,047 | €1,085,539 | -€78,508 | -6.7% |
| Current assets | 29/58 | €331,077 | €380,987 | +€49,909 | +15.1% |
| Amounts receivable within one year | 40/41 | €162,462 | €207,206 | +€44,744 | +27.5% |
| Trade receivables | 40 | €155,538 | €200,282 | +€44,744 | +28.8% |
| Other amounts receivable | 41 | €6,924 | €6,924 | = | 0.0% |
| Current investments | 50/53 | €99,009 | €0 | -€99,009 | -100% |
| Cash at bank and in hand | 54/58 | €66,079 | €172,715 | +€106,635 | +161% |
| Deferred charges and accrued income | 490/1 | €3,526 | €1,066 | -€2,461 | -69.8% |
| Total equity and liabilities | 10/49 | €1,495,124 | €1,466,526 | -€28,598 | -1.9% |
| Equity | 10/15 | €419,930 | €597,056 | +€177,126 | +42.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €413,730 | €590,856 | +€177,126 | +42.8% |
| Distributable reserves | 133 | €413,730 | €590,856 | +€177,126 | +42.8% |
| Amounts payable | 17/49 | €1,075,194 | €869,470 | -€205,724 | -19.1% |
| Amounts payable after more than one year | 17 | €353,026 | €37,989 | -€315,037 | -89.2% |
| Financial debts | 170/4 | €353,026 | €37,989 | -€315,037 | -89.2% |
| Amounts payable within one year | 42/48 | €662,875 | €738,316 | +€75,441 | +11.4% |
| Current portion of amounts payable after more than one year | 42 | €325,870 | €335,871 | +€10,000 | +3.1% |
| Trade debts | 44 | €7,787 | €2,699 | -€5,088 | -65.3% |
| Suppliers | 440/4 | €7,787 | €2,699 | -€5,088 | -65.3% |
| Taxes, remuneration and social security | 45 | €0 | €8,532 | +€8,532 | |
| Taxes | 450/3 | €0 | €8,532 | +€8,532 | |
| Other amounts payable | 47/48 | €329,217 | €391,214 | +€61,996 | +18.8% |
| Accrued charges and deferred income | 492/3 | €59,293 | €93,166 | +€33,872 | +57.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €291,958 | €326,625 | +€34,667 | +11.9% |
| Other operating charges | 640/8 | €1,030 | €1,060 | +€31 | +3.0% |
| Gross operating margin | 9900 | €402,930 | €538,616 | +€135,686 | +33.7% |
| Operating profit (loss) | 9901 | €109,943 | €210,930 | +€100,987 | +91.9% |
| Financial income | 75/76B | €159 | €36,275 | +€36,116 | +22,746% |
| Recurring financial income | 75 | €159 | €36,275 | +€36,116 | +22,746% |
| Financial charges | 65/66B | €23,985 | €19,999 | -€3,985 | -16.6% |
| Recurring financial charges | 65 | €23,985 | €19,999 | -€3,985 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | €86,117 | €227,206 | +€141,089 | +164% |
| Income taxes | 67/77 | €23,123 | €50,080 | +€26,957 | +117% |
| Profit (loss) for the period | 9904 | €62,994 | €177,126 | +€114,132 | +181% |
| Profit (loss) for the period to be appropriated | 9905 | €62,994 | €177,126 | +€114,132 | +181% |
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 23 October 2026 via checked.be.