VQ 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.
VQ Vastgoed
Largest movements
- Cash -€121,908
down €121,908 (-100.0%), from €121,945 to €37
mainly Deferred charges and accrued income (-€96,145) and Contributions, distributions and other (-€80,000)
- Deferred charges and accrued income +€96,145
up €96,145 (+12,446%), from €773 to €96,917
- Receivables after one year -€9,933
no longer reported in 2025 (was €9,933)
- Receivables within one year +€8,344
up €8,344 (+1,703%), from €490 to €8,834
of which Trade receivables: +€8,834
- Profit (loss) carried forward -€29,966
down €29,966 (-33.3%), from €89,857 to €59,891
- Tax, wage and social debts +€3,738
up €3,738 (+45.3%), from €8,253 to €11,992
of which Taxes: +€3,738
- Gross operating margin +€31,438
up €31,438 (+90.0%), from €34,936 to €66,374
- Taxes +€6,453
up €6,453 (+75.8%), from €8,510 to €14,963
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 | €133,919 | €106,058 | -€27,861 | -20.8% |
| Fixed assets | 21/28 | €779 | €269 | -€509 | -65.4% |
| Tangible fixed assets | 22/27 | €779 | €269 | -€509 | -65.4% |
| Furniture and vehicles | 24 | €779 | €269 | -€509 | -65.4% |
| Current assets | 29/58 | €133,140 | €105,788 | -€27,352 | -20.5% |
| Amounts receivable after more than one year | 29 | €9,933 | - | -€9,933 | |
| Other amounts receivable | 291 | €9,933 | - | -€9,933 | |
| Amounts receivable within one year | 40/41 | €490 | €8,834 | +€8,344 | +1,703% |
| Trade receivables | 40 | - | €8,834 | +€8,834 | |
| Other amounts receivable | 41 | €490 | - | -€490 | |
| Cash at bank and in hand | 54/58 | €121,945 | €37 | -€121,908 | -100.0% |
| Deferred charges and accrued income | 490/1 | €773 | €96,917 | +€96,145 | +12,446% |
| Total equity and liabilities | 10/49 | €133,919 | €106,058 | -€27,861 | -20.8% |
| Equity | 10/15 | €123,857 | €93,891 | -€29,966 | -24.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €33,000 | €33,000 | = | 0.0% |
| Distributable reserves | 133 | €33,000 | €33,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €89,857 | €59,891 | -€29,966 | -33.3% |
| Amounts payable | 17/49 | €10,062 | €12,167 | +€2,104 | +20.9% |
| Amounts payable within one year | 42/48 | €10,062 | €12,167 | +€2,104 | +20.9% |
| Trade debts | 44 | €773 | - | -€773 | |
| Suppliers | 440/4 | €773 | - | -€773 | |
| Taxes, remuneration and social security | 45 | €8,253 | €11,992 | +€3,738 | +45.3% |
| Taxes | 450/3 | €5,753 | €9,492 | +€3,738 | +65.0% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | €1,036 | €175 | -€861 | -83.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €509 | €509 | = | 0.0% |
| Other operating charges | 640/8 | €568 | €826 | +€258 | +45.4% |
| Gross operating margin | 9900 | €34,936 | €66,374 | +€31,438 | +90.0% |
| Operating profit (loss) | 9901 | €33,858 | €65,038 | +€31,180 | +92.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €5 | €40 | +€36 | +798% |
| Recurring financial charges | 65 | €5 | €40 | +€36 | +798% |
| Profit (loss) for the period before taxes | 9903 | €33,853 | €64,997 | +€31,144 | +92.0% |
| Income taxes | 67/77 | €8,510 | €14,963 | +€6,453 | +75.8% |
| Profit (loss) for the period | 9904 | €25,343 | €50,034 | +€24,691 | +97.4% |
| Profit (loss) for the period to be appropriated | 9905 | €25,343 | €50,034 | +€24,691 | +97.4% |
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 24 October 2026 via checked.be.