VK Vastgoed: 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.
VK Vastgoed
Largest movements
- Cash +€38,950
up €38,950 (+111%), from €34,982 to €73,932
mainly Net result for the year (+€42,255) and Tax, wage and social debts (+€9,080)
- Receivables within one year +€3,998
up €3,998 (+16.4%), from €24,342 to €28,340
of which Other amounts receivable: +€7,627
- Tangible fixed assets +€3,885
new in 2025: €3,885
- Reserves +€42,255
up €42,255 (+122%), from €34,668 to €76,923
- Tax, wage and social debts +€9,080
up €9,080 (+66.5%), from €13,662 to €22,742
- Trade debts -€5,800
down €5,800 (-67.9%), from €8,536 to €2,736
- Gross operating margin +€13,350
up €13,350 (+27.1%), from €49,189 to €62,539
- Taxes +€4,168
up €4,168 (+30.5%), from €13,662 to €17,830
- Depreciation +€919
up €919 (+96.6%), from €951 to €1,870
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 | €61,866 | €107,402 | +€45,535 | +73.6% |
| Formation expenses | 20 | €461 | - | -€461 | |
| Fixed assets | 21/28 | €2,081 | €5,130 | +€3,049 | +146% |
| Intangible fixed assets | 21 | €2,081 | €1,245 | -€837 | -40.2% |
| Tangible fixed assets | 22/27 | - | €3,885 | +€3,885 | |
| Furniture and vehicles | 24 | - | €3,885 | +€3,885 | |
| Current assets | 29/58 | €59,324 | €102,272 | +€42,948 | +72.4% |
| Amounts receivable within one year | 40/41 | €24,342 | €28,340 | +€3,998 | +16.4% |
| Trade receivables | 40 | €5,524 | €1,894 | -€3,630 | -65.7% |
| Other amounts receivable | 41 | €18,819 | €26,446 | +€7,627 | +40.5% |
| Cash at bank and in hand | 54/58 | €34,982 | €73,932 | +€38,950 | +111% |
| Total equity and liabilities | 10/49 | €61,866 | €107,402 | +€45,535 | +73.6% |
| Equity | 10/15 | €39,668 | €81,923 | +€42,255 | +107% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €34,668 | €76,923 | +€42,255 | +122% |
| Distributable reserves | 133 | €34,668 | €76,923 | +€42,255 | +122% |
| Amounts payable | 17/49 | €22,198 | €25,478 | +€3,280 | +14.8% |
| Amounts payable within one year | 42/48 | €22,198 | €25,478 | +€3,280 | +14.8% |
| Trade debts | 44 | €8,536 | €2,736 | -€5,800 | -67.9% |
| Suppliers | 440/4 | €8,536 | €2,736 | -€5,800 | -67.9% |
| Taxes, remuneration and social security | 45 | €13,662 | €22,742 | +€9,080 | +66.5% |
| Taxes | 450/3 | €13,662 | €22,742 | +€9,080 | +66.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €951 | €1,870 | +€919 | +96.6% |
| Other operating charges | 640/8 | €0 | €544 | +€544 | +1,087,060% |
| Gross operating margin | 9900 | €49,189 | €62,539 | +€13,350 | +27.1% |
| Operating profit (loss) | 9901 | €48,238 | €60,125 | +€11,887 | +24.6% |
| Financial income | 75/76B | €93 | - | -€93 | |
| Recurring financial income | 75 | €93 | - | -€93 | |
| Non-recurring financial income | 76B | €93 | - | -€93 | |
| Financial charges | 65/66B | - | €40 | +€40 | |
| Recurring financial charges | 65 | - | €40 | +€40 | |
| Profit (loss) for the period before taxes | 9903 | €48,330 | €60,085 | +€11,755 | +24.3% |
| Income taxes | 67/77 | €13,662 | €17,830 | +€4,168 | +30.5% |
| Profit (loss) for the period | 9904 | €34,668 | €42,255 | +€7,587 | +21.9% |
| Profit (loss) for the period to be appropriated | 9905 | €34,668 | €42,255 | +€7,587 | +21.9% |
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.