VNV Estate: 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.
VNV Estate
Largest movements
- Cash +€119,366
up €119,366 (+740%), from €16,131 to €135,497
mainly Net result for the year (+€56,263) and Other debts (+€38,800)
- Stocks and contracts -€11,700
down €11,700 (-7.9%), from €147,622 to €135,923
- Reserves +€56,263
up €56,263 (+299%), from €18,793 to €75,056
- Other debts +€38,800
up €38,800 (+32.9%), from €118,033 to €156,833
- Tax, wage and social debts +€14,066
up €14,066 (+299%), from €4,699 to €18,765
- Gross operating margin +€51,034
up €51,034 (+210%), from €24,271 to €75,305
- Taxes +€9,366
up €9,366 (+199%), from €4,699 to €14,066
- Financial charges +€3,066
up €3,066 (+1,436%), from €213 to €3,279
- Other operating charges +€888
up €888 (+101%), from €879 to €1,766
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 | €163,753 | €271,420 | +€107,667 | +65.7% |
| Current assets | 29/58 | €163,753 | €271,420 | +€107,667 | +65.7% |
| Stocks and contracts in progress | 3 | €147,622 | €135,923 | -€11,700 | -7.9% |
| Stocks | 30/36 | €147,622 | €135,923 | -€11,700 | -7.9% |
| Cash at bank and in hand | 54/58 | €16,131 | €135,497 | +€119,366 | +740% |
| Total equity and liabilities | 10/49 | €163,753 | €271,420 | +€107,667 | +65.7% |
| Equity | 10/15 | €38,793 | €95,056 | +€56,263 | +145% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €18,793 | €75,056 | +€56,263 | +299% |
| Distributable reserves | 133 | €18,793 | €75,056 | +€56,263 | +299% |
| Amounts payable | 17/49 | €124,961 | €176,364 | +€51,404 | +41.1% |
| Amounts payable within one year | 42/48 | €124,961 | €176,364 | +€51,404 | +41.1% |
| Trade debts | 44 | €2,228 | €766 | -€1,462 | -65.6% |
| Suppliers | 440/4 | €2,228 | €766 | -€1,462 | -65.6% |
| Taxes, remuneration and social security | 45 | €4,699 | €18,765 | +€14,066 | +299% |
| Taxes | 450/3 | €4,699 | €18,765 | +€14,066 | +299% |
| Other amounts payable | 47/48 | €118,033 | €156,833 | +€38,800 | +32.9% |
| Other operating charges | 640/8 | €879 | €1,766 | +€888 | +101% |
| Gross operating margin | 9900 | €24,271 | €75,305 | +€51,034 | +210% |
| Operating profit (loss) | 9901 | €23,392 | €73,539 | +€50,146 | +214% |
| Financial income | 75/76B | €313 | €69 | -€244 | -77.8% |
| Recurring financial income | 75 | €313 | €69 | -€244 | -77.8% |
| Financial charges | 65/66B | €213 | €3,279 | +€3,066 | +1,436% |
| Recurring financial charges | 65 | €213 | €3,279 | +€3,066 | +1,436% |
| Profit (loss) for the period before taxes | 9903 | €23,492 | €70,329 | +€46,837 | +199% |
| Income taxes | 67/77 | €4,699 | €14,066 | +€9,366 | +199% |
| Profit (loss) for the period | 9904 | €18,793 | €56,263 | +€37,471 | +199% |
| Profit (loss) for the period to be appropriated | 9905 | €18,793 | €56,263 | +€37,471 | +199% |
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 31 October 2026 via checked.be.