8C8 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.
8C8 VASTGOED
Largest movements
- Cash -€19,267
down €19,267 (-40.3%), from €47,757 to €28,491
mainly Receivables within one year (-€15,083) and Trade debts (-€14,800)
- Receivables within one year +€15,083
up €15,083 (+12.6%), from €119,334 to €134,417
of which Trade receivables: +€9,556
- Tangible fixed assets -€8,235
down €8,235 (-18.4%), from €44,736 to €36,501
of which Land and buildings: -€4,825
- Trade debts -€14,800
down €14,800 (-23.8%), from €62,254 to €47,453
- Reserves -€4,926
down €4,926 (-10.6%), from €46,262 to €41,336
- Tax, wage and social debts +€4,924
up €4,924 (+469%), from €1,049 to €5,973
of which Taxes: +€3,724
- Other debts +€2,582
up €2,582 (+8.5%), from €30,243 to €32,825
- Gross operating margin -€4,880
down €4,880 (-29.3%), from €16,642 to €11,762
- Financial income +€4,443
up €4,443 (+386%), from €1,152 to €5,595
- Taxes -€880
down €880 (-27.3%), from €3,224 to €2,344
- Depreciation +€292
up €292 (+3.7%), from €7,943 to €8,235
- Financial charges -€266
down €266 (-8.2%), from €3,229 to €2,963
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €216,974 | €204,406 | -€12,568 | -5.8% |
| Fixed assets | 21/28 | €44,736 | €36,501 | -€8,235 | -18.4% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €44,736 | €36,501 | -€8,235 | -18.4% |
| Land and buildings | 22 | €33,775 | €28,950 | -€4,825 | -14.3% |
| Plant, machinery and equipment | 23 | €842 | €632 | -€211 | -25.0% |
| Furniture and vehicles | 24 | €5,886 | €3,263 | -€2,623 | -44.6% |
| Other tangible fixed assets | 26 | €4,233 | €3,657 | -€576 | -13.6% |
| Current assets | 29/58 | €172,238 | €167,905 | -€4,333 | -2.5% |
| Amounts receivable within one year | 40/41 | €119,334 | €134,417 | +€15,083 | +12.6% |
| Trade receivables | 40 | €22,660 | €32,216 | +€9,556 | +42.2% |
| Other amounts receivable | 41 | €96,675 | €102,201 | +€5,526 | +5.7% |
| Cash at bank and in hand | 54/58 | €47,757 | €28,491 | -€19,267 | -40.3% |
| Deferred charges and accrued income | 490/1 | €5,146 | €4,997 | -€149 | -2.9% |
| Total equity and liabilities | 10/49 | €216,974 | €204,406 | -€12,568 | -5.8% |
| Equity | 10/15 | €121,262 | €116,336 | -€4,926 | -4.1% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €46,262 | €41,336 | -€4,926 | -10.6% |
| Distributable reserves | 133 | €46,262 | €41,336 | -€4,926 | -10.6% |
| Amounts payable | 17/49 | €95,712 | €88,070 | -€7,642 | -8.0% |
| Amounts payable within one year | 42/48 | €93,859 | €86,251 | -€7,608 | -8.1% |
| Trade debts | 44 | €62,254 | €47,453 | -€14,800 | -23.8% |
| Suppliers | 440/4 | €62,254 | €47,453 | -€14,800 | -23.8% |
| Advances received on contracts in progress | 46 | €314 | - | -€314 | |
| Taxes, remuneration and social security | 45 | €1,049 | €5,973 | +€4,924 | +469% |
| Taxes | 450/3 | €1,049 | €4,773 | +€3,724 | +355% |
| Remuneration and social security | 454/9 | - | €1,200 | +€1,200 | |
| Other amounts payable | 47/48 | €30,243 | €32,825 | +€2,582 | +8.5% |
| Accrued charges and deferred income | 492/3 | €1,853 | €1,819 | -€34 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,943 | €8,235 | +€292 | +3.7% |
| Other operating charges | 640/8 | €2,182 | €2,070 | -€112 | -5.1% |
| Gross operating margin | 9900 | €16,642 | €11,762 | -€4,880 | -29.3% |
| Operating profit (loss) | 9901 | €6,517 | €1,457 | -€5,060 | -77.6% |
| Financial income | 75/76B | €1,152 | €5,595 | +€4,443 | +386% |
| Recurring financial income | 75 | €1,152 | €5,595 | +€4,443 | +386% |
| Financial charges | 65/66B | €3,229 | €2,963 | -€266 | -8.2% |
| Recurring financial charges | 65 | €3,229 | €2,963 | -€266 | -8.2% |
| Profit (loss) for the period before taxes | 9903 | €4,440 | €4,089 | -€351 | -7.9% |
| Income taxes | 67/77 | €3,224 | €2,344 | -€880 | -27.3% |
| Profit (loss) for the period | 9904 | €1,216 | €1,745 | +€529 | +43.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,216 | €1,745 | +€529 | +43.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.