VMV-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.
VMV-VASTGOED
Largest movements
- Cash -€100,915
down €100,915 (-39.1%), from €258,121 to €157,205
mainly Contributions, distributions and other (-€1.4m) and Receivables after one year (-€100,410)
- Receivables after one year +€100,410
up €100,410 (+20.7%), from €484,204 to €584,614
- Tangible fixed assets -€29,474
down €29,474 (-4.0%), from €733,224 to €703,749
of which Land and buildings: -€32,487
- Receivables within one year +€17,309
up €17,309 (+17.5%), from €99,062 to €116,371
of which Trade receivables: +€24,450
- Profit (loss) carried forward -€558,063
down €558,063 (-62.5%), from €893,119 to €335,056
- Other debts +€510,417
up €510,417, from €0 to €510,417
- Tax, wage and social debts +€82,898
up €82,898 (+169.1%), from €49,031 to €131,930
of which Taxes: +€85,905
- Debts after one year -€30,363
down €30,363 (-5.3%), from €570,380 to €540,017
- Gross operating margin +€880,129
up €880,129 (+171.9%), from €511,866 to €1.4m
- Taxes +€215,925
up €215,925 (+279.2%), from €77,345 to €293,270
- Staff costs +€49,539
up €49,539 (+35.3%), from €140,371 to €189,910
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,597,666 | €1,599,129 | +€1,464 | +0.1% |
| Fixed assets | 21/28 | €733,224 | €703,749 | -€29,474 | -4.0% |
| Tangible fixed assets | 22/27 | €733,224 | €703,749 | -€29,474 | -4.0% |
| Land and buildings | 22 | €706,714 | €674,227 | -€32,487 | -4.6% |
| Plant, machinery and equipment | 23 | €14,424 | €10,450 | -€3,974 | -27.6% |
| Furniture and vehicles | 24 | €12,086 | €19,072 | +€6,986 | +57.8% |
| Current assets | 29/58 | €864,442 | €895,380 | +€30,938 | +3.6% |
| Amounts receivable after more than one year | 29 | €484,204 | €584,614 | +€100,410 | +20.7% |
| Other amounts receivable | 291 | €484,204 | €584,614 | +€100,410 | +20.7% |
| Amounts receivable within one year | 40/41 | €99,062 | €116,371 | +€17,309 | +17.5% |
| Trade receivables | 40 | €69,266 | €93,716 | +€24,450 | +35.3% |
| Other amounts receivable | 41 | €29,796 | €22,655 | -€7,141 | -24.0% |
| Cash at bank and in hand | 54/58 | €258,121 | €157,205 | -€100,915 | -39.1% |
| Deferred charges and accrued income | 490/1 | €23,056 | €37,190 | +€14,134 | +61.3% |
| Total equity and liabilities | 10/49 | €1,597,666 | €1,599,129 | +€1,464 | +0.1% |
| Equity | 10/15 | €895,619 | €337,556 | -€558,063 | -62.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €893,119 | €335,056 | -€558,063 | -62.5% |
| Amounts payable | 17/49 | €702,046 | €1,261,573 | +€559,527 | +79.7% |
| Amounts payable after more than one year | 17 | €570,380 | €540,017 | -€30,363 | -5.3% |
| Financial debts | 170/4 | €570,380 | €540,017 | -€30,363 | -5.3% |
| Amounts payable within one year | 42/48 | €131,666 | €721,556 | +€589,889 | +448.0% |
| Current portion of amounts payable after more than one year | 42 | €29,425 | €30,363 | +€938 | +3.2% |
| Trade debts | 44 | €52,316 | €48,847 | -€3,469 | -6.6% |
| Suppliers | 440/4 | €52,316 | €48,847 | -€3,469 | -6.6% |
| Advances received on contracts in progress | 46 | €894 | €0 | -€894 | -100.0% |
| Taxes, remuneration and social security | 45 | €49,031 | €131,930 | +€82,898 | +169.1% |
| Taxes | 450/3 | €24,283 | €110,188 | +€85,905 | +353.8% |
| Remuneration and social security | 454/9 | €24,748 | €21,741 | -€3,007 | -12.1% |
| Other amounts payable | 47/48 | €0 | €510,417 | +€510,417 | |
| Remuneration, social security and pensions | 62 | €140,371 | €189,910 | +€49,539 | +35.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,837 | €57,414 | +€4,577 | +8.7% |
| Other operating charges | 640/8 | €7,378 | €5,667 | -€1,710 | -23.2% |
| Gross operating margin | 9900 | €511,866 | €1,391,996 | +€880,129 | +171.9% |
| Operating profit (loss) | 9901 | €311,281 | €1,139,004 | +€827,723 | +265.9% |
| Financial income | 75/76B | €17,313 | €14,922 | -€2,391 | -13.8% |
| Recurring financial income | 75 | €17,313 | €14,922 | -€2,391 | -13.8% |
| Financial charges | 65/66B | €26,582 | €25,718 | -€864 | -3.2% |
| Recurring financial charges | 65 | €26,582 | €25,718 | -€864 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | €302,011 | €1,128,207 | +€826,196 | +273.6% |
| Income taxes | 67/77 | €77,345 | €293,270 | +€215,925 | +279.2% |
| Profit (loss) for the period | 9904 | €224,667 | €834,937 | +€610,270 | +271.6% |
| Profit (loss) for the period to be appropriated | 9905 | €224,667 | €834,937 | +€610,270 | +271.6% |
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 11 October 2026 via checked.be.