VGL Woningbouw: 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.
VGL Woningbouw
Largest movements
- Cash -€10,304
down €10,304 (-18.1%), from €57,033 to €46,728
mainly Net result for the year (-€15,188) and Tax, wage and social debts (-€13,471)
- Receivables within one year -€6,553
down €6,553 (-83.5%), from €7,847 to €1,294
of which Trade receivables: -€7,847
- Reserves -€15,188
down €15,188 (-32.9%), from €46,216 to €31,028
- Tax, wage and social debts -€13,471
no longer reported in 2025 (was €13,471)
- Trade debts +€11,484
up €11,484 (+865%), from €1,328 to €12,812
- Gross operating margin -€77,727
down €77,727, from €63,045 to -€14,681
- Taxes -€11,554
no longer reported in 2025 (was €11,554)
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 | €64,880 | €48,022 | -€16,858 | -26.0% |
| Current assets | 29/58 | €64,880 | €48,022 | -€16,858 | -26.0% |
| Amounts receivable within one year | 40/41 | €7,847 | €1,294 | -€6,553 | -83.5% |
| Trade receivables | 40 | €7,847 | - | -€7,847 | |
| Other amounts receivable | 41 | - | €1,294 | +€1,294 | |
| Cash at bank and in hand | 54/58 | €57,033 | €46,728 | -€10,304 | -18.1% |
| Total equity and liabilities | 10/49 | €64,880 | €48,022 | -€16,858 | -26.0% |
| Equity | 10/15 | €49,216 | €34,028 | -€15,188 | -30.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €46,216 | €31,028 | -€15,188 | -32.9% |
| Distributable reserves | 133 | €46,216 | €31,028 | -€15,188 | -32.9% |
| Amounts payable | 17/49 | €15,664 | €13,994 | -€1,670 | -10.7% |
| Amounts payable within one year | 42/48 | €15,664 | €13,994 | -€1,670 | -10.7% |
| Trade debts | 44 | €1,328 | €12,812 | +€11,484 | +865% |
| Suppliers | 440/4 | €1,328 | €12,812 | +€11,484 | +865% |
| Taxes, remuneration and social security | 45 | €13,471 | - | -€13,471 | |
| Taxes | 450/3 | €13,471 | - | -€13,471 | |
| Other amounts payable | 47/48 | €866 | €1,182 | +€317 | +36.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €127 | - | -€127 | |
| Other operating charges | 640/8 | €449 | €462 | +€12 | +2.8% |
| Gross operating margin | 9900 | €63,045 | -€14,681 | -€77,727 | |
| Operating profit (loss) | 9901 | €62,469 | -€15,143 | -€77,612 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €92 | €45 | -€47 | -51.1% |
| Recurring financial charges | 65 | €92 | €45 | -€47 | -51.1% |
| Profit (loss) for the period before taxes | 9903 | €62,378 | -€15,188 | -€77,566 | |
| Income taxes | 67/77 | €11,554 | - | -€11,554 | |
| Profit (loss) for the period | 9904 | €50,824 | -€15,188 | -€66,012 | |
| Profit (loss) for the period to be appropriated | 9905 | €50,824 | -€15,188 | -€66,012 |
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 29 October 2026 via checked.be.