A & B–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.
A & B–vastgoed
Largest movements
- Tangible fixed assets -€2.6m
down €2.6m (-94.9%), from €2.7m to €138,129
of which Land and buildings: -€2.6m
- Receivables within one year -€34,197
down €34,197 (-63.3%), from €54,034 to €19,837
of which Other amounts receivable: -€17,729
- Debts after one year -€2.6m
down €2.6m (-99.6%), from €2.6m to €9,700
of which Financial debts: -€2.5m
- Other debts +€456,456
up €456,456 (+415%), from €109,955 to €566,411
- Profit (loss) carried forward -€274,758
down €274,758 (-150%), from -€183,601 to -€458,360
- Current portion of long-term debt -€195,511
no longer reported in 2025 (was €195,511)
- Financial charges +€197,983
up €197,983 (+139%), from €142,001 to €339,984
of which Non-recurring financial charges: +€255,621
- Depreciation -€196,145
down €196,145 (-98.2%), from €199,797 to €3,652
- Gross operating margin +€173,929
up €173,929 (+87.9%), from €197,813 to €371,742
- Other operating charges +€91,009
up €91,009 (+2,442%), from €3,727 to €94,736
- Staff costs +€6,622
new in 2025: €6,622
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 | €2,749,588 | €161,990 | -€2.6m | -94.1% |
| Fixed assets | 21/28 | €2,690,466 | €139,929 | -€2.6m | -94.8% |
| Tangible fixed assets | 22/27 | €2,688,666 | €138,129 | -€2.6m | -94.9% |
| Land and buildings | 22 | €2,675,997 | €92,096 | -€2.6m | -96.6% |
| Plant, machinery and equipment | 23 | €12,668 | €43,054 | +€30,385 | +240% |
| Furniture and vehicles | 24 | - | €2,980 | +€2,980 | |
| Financial fixed assets | 28 | €1,800 | €1,800 | = | 0.0% |
| Current assets | 29/58 | €59,123 | €22,061 | -€37,062 | -62.7% |
| Amounts receivable within one year | 40/41 | €54,034 | €19,837 | -€34,197 | -63.3% |
| Trade receivables | 40 | €36,306 | €19,837 | -€16,468 | -45.4% |
| Other amounts receivable | 41 | €17,729 | - | -€17,729 | |
| Cash at bank and in hand | 54/58 | €5,088 | €1,091 | -€3,998 | -78.6% |
| Deferred charges and accrued income | 490/1 | - | €1,133 | +€1,133 | |
| Total equity and liabilities | 10/49 | €2,749,588 | €161,990 | -€2.6m | -94.1% |
| Equity | 10/15 | -€163,961 | -€438,719 | -€274,758 | -168% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,041 | €1,041 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,041 | €1,041 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,041 | €1,041 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€183,601 | -€458,360 | -€274,758 | -150% |
| Amounts payable | 17/49 | €2,913,549 | €600,709 | -€2.3m | -79.4% |
| Amounts payable after more than one year | 17 | €2,569,798 | €9,700 | -€2.6m | -99.6% |
| Financial debts | 170/4 | €2,528,173 | - | -€2.5m | |
| Other amounts payable | 178/9 | €41,625 | €9,700 | -€31,925 | -76.7% |
| Amounts payable within one year | 42/48 | €327,979 | €591,009 | +€263,030 | +80.2% |
| Current portion of amounts payable after more than one year | 42 | €195,511 | - | -€195,511 | |
| Trade debts | 44 | €14,178 | €9,854 | -€4,325 | -30.5% |
| Suppliers | 440/4 | €14,178 | €9,854 | -€4,325 | -30.5% |
| Taxes, remuneration and social security | 45 | €8,335 | €14,745 | +€6,410 | +76.9% |
| Taxes | 450/3 | €8,335 | €14,745 | +€6,410 | +76.9% |
| Other amounts payable | 47/48 | €109,955 | €566,411 | +€456,456 | +415% |
| Accrued charges and deferred income | 492/3 | €15,772 | - | -€15,772 | |
| Non-recurring operating income | 76A | - | €13,220 | +€13,220 | |
| Remuneration, social security and pensions | 62 | - | €6,622 | +€6,622 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €199,797 | €3,652 | -€196,145 | -98.2% |
| Other operating charges | 640/8 | €3,727 | €94,736 | +€91,009 | +2,442% |
| Non-recurring operating charges | 66A | - | €201,506 | +€201,506 | |
| Gross operating margin | 9900 | €197,813 | €371,742 | +€173,929 | +87.9% |
| Operating profit (loss) | 9901 | -€5,712 | €65,226 | +€70,938 | |
| Financial charges | 65/66B | €142,001 | €339,984 | +€197,983 | +139% |
| Recurring financial charges | 65 | €142,001 | €84,363 | -€57,638 | -40.6% |
| Non-recurring financial charges | 66B | - | €255,621 | +€255,621 | |
| Profit (loss) for the period before taxes | 9903 | -€147,713 | -€274,758 | -€127,045 | -86.0% |
| Profit (loss) for the period | 9904 | -€147,713 | -€274,758 | -€127,045 | -86.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€147,713 | -€274,758 | -€127,045 | -86.0% |
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.