VM Beheer: what changed
Two fiscal 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
VM Beheer
NACE 68.310, Real estate agency activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€93,112
2024 · €3,418+€89,695
Equity
€171,648
2024 · €78,536+€93,112
Cash
€186,450
2024 · €117,903+€68,546
Balance sheet total
€20.7m
2024 · €20.6m+€26,691
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Financial income +€133,077
up €133,077 (+1706.1%), from €7,800 to €140,877
- Financial charges +€29,632
up €29,632 (+10.1%), from €293,383 to €323,015
- Gross operating margin +€29,341
up €29,341 (+3.3%), from €878,277 to €907,618
- Other operating charges +€25,824
up €25,824 (+226.7%), from €11,391 to €37,216
- Depreciation +€17,267
up €17,267 (+3.0%), from €577,885 to €595,152
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.
Result 2024
€3,418
Gross operating margin
+€29,341
Depreciation
-€17,267
Other operating charges
-€25,824
Financial income
+€133,077
Financial charges
-€29,632
Result 2025
€93,112
Cash bridge derived
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.
From operations
+€643,902
Investment
-€528,373
Financing
-€46,983
Cash 2024
€117,903
From operations (derived)
+€643,902
Net result for the year
+€93,112
Depreciation
+€595,152
Receivables after one year
+€25,000
Receivables within one year
-€56,034
Deferred charges and accrued income
+€6,110
Trade debts
-€64,508
Tax, wage and social debts
+€7,401
Accrued charges and deferred income
+€37,668
Investment (derived)
-€528,373
Investment in fixed assets (net)
-€528,373
Financing
-€46,983
Debts after one year
+€32,475
Current portion of long-term debt
-€79,458
Cash 2025
€186,450
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,630,545 | €20,657,235 | +€26,691 | +0.1% |
| Fixed assets | 21/28 | €19,793,201 | €19,726,422 | -€66,779 | -0.3% |
| Tangible fixed assets | 22/27 | €16,791,819 | €16,725,040 | -€66,779 | -0.4% |
| Land and buildings | 22 | €16,671,037 | €16,596,150 | -€74,887 | -0.4% |
| Plant, machinery and equipment | 23 | €108,914 | €121,816 | +€12,902 | +11.8% |
| Furniture and vehicles | 24 | €11,868 | €7,074 | -€4,794 | -40.4% |
| Financial fixed assets | 28 | €3,001,382 | €3,001,382 | = | 0.0% |
| Current assets | 29/58 | €837,344 | €930,814 | +€93,470 | +11.2% |
| Amounts receivable after more than one year | 29 | €225,000 | €200,000 | -€25,000 | -11.1% |
| Other amounts receivable | 291 | €225,000 | €200,000 | -€25,000 | -11.1% |
| Amounts receivable within one year | 40/41 | €459,608 | €515,642 | +€56,034 | +12.2% |
| Trade receivables | 40 | €20,108 | €45,142 | +€25,034 | +124.5% |
| Other amounts receivable | 41 | €439,500 | €470,500 | +€31,000 | +7.1% |
| Cash at bank and in hand | 54/58 | €117,903 | €186,450 | +€68,546 | +58.1% |
| Deferred charges and accrued income | 490/1 | €34,833 | €28,722 | -€6,110 | -17.5% |
| Total equity and liabilities | 10/49 | €20,630,545 | €20,657,235 | +€26,691 | +0.1% |
| Equity | 10/15 | €78,536 | €171,648 | +€93,112 | +118.6% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €11,000 | €11,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €11,000 | €11,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,536 | €130,648 | +€93,112 | +248.1% |
| Amounts payable | 17/49 | €20,552,009 | €20,485,587 | -€66,422 | -0.3% |
| Amounts payable after more than one year | 17 | €19,814,027 | €19,846,502 | +€32,475 | +0.2% |
| Financial debts | 170/4 | €7,564,027 | €7,090,502 | -€473,525 | -6.3% |
| Other amounts payable | 178/9 | €12,250,000 | €12,756,000 | +€506,000 | +4.1% |
| Amounts payable within one year | 42/48 | €709,295 | €572,730 | -€136,565 | -19.3% |
| Current portion of amounts payable after more than one year | 42 | €552,983 | €473,525 | -€79,458 | -14.4% |
| Trade debts | 44 | €110,822 | €46,314 | -€64,508 | -58.2% |
| Suppliers | 440/4 | €110,822 | €46,314 | -€64,508 | -58.2% |
| Taxes, remuneration and social security | 45 | €45,490 | €52,891 | +€7,401 | +16.3% |
| Taxes | 450/3 | €45,490 | €52,891 | +€7,401 | +16.3% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €28,687 | €66,355 | +€37,668 | +131.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €577,885 | €595,152 | +€17,267 | +3.0% |
| Other operating charges | 640/8 | €11,391 | €37,216 | +€25,824 | +226.7% |
| Gross operating margin | 9900 | €878,277 | €907,618 | +€29,341 | +3.3% |
| Operating profit (loss) | 9901 | €289,001 | €275,251 | -€13,750 | -4.8% |
| Financial income | 75/76B | €7,800 | €140,877 | +€133,077 | +1706.1% |
| Recurring financial income | 75 | €7,800 | €140,877 | +€133,077 | +1706.1% |
| Financial charges | 65/66B | €293,383 | €323,015 | +€29,632 | +10.1% |
| Recurring financial charges | 65 | €293,383 | €323,015 | +€29,632 | +10.1% |
| Profit (loss) for the period before taxes | 9903 | €3,418 | €93,112 | +€89,695 | +2624.5% |
| Profit (loss) for the period | 9904 | €3,418 | €93,112 | +€89,695 | +2624.5% |
| Profit (loss) for the period to be appropriated | 9905 | €3,418 | €93,112 | +€89,695 | +2624.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.