A.D. 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.D. Vastgoed
Largest movements
- Cash +€16,418
up €16,418 (+43.9%), from €37,376 to €53,793
mainly Net result for the year (+€15,414) and Trade debts (+€7,032)
- Receivables within one year -€3,709
down €3,709 (-18.5%), from €20,028 to €16,319
of which Other amounts receivable: -€3,646
- Tangible fixed assets +€2,026
up €2,026 (+204%), from €991 to €3,017
of which Other tangible fixed assets: +€1,998
- Deferred charges and accrued income +€1,361
up €1,361 (+89.9%), from €1,514 to €2,876
- Reserves +€13,748
up €13,748 (+1,483%), from €927 to €14,676
- Trade debts +€7,032
up €7,032 (+361%), from €1,950 to €8,983
- Debts after one year -€3,559
down €3,559 (-23.1%), from €15,417 to €11,858
- Short-term financial debts -€2,807
down €2,807 (-27.4%), from €10,250 to €7,443
- Other debts +€2,145
up €2,145 (+50.4%), from €4,254 to €6,399
- Gross operating margin +€1,862
up €1,862 (+7.2%), from €25,921 to €27,783
- Taxes +€1,624
up €1,624 (+25.5%), from €6,375 to €7,999
- Depreciation -€454
down €454 (-31.5%), from €1,443 to €988
- Financial charges +€390
up €390 (+17.5%), from €2,231 to €2,622
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 | €62,805 | €78,901 | +€16,096 | +25.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €3,886 | €5,912 | +€2,026 | +52.1% |
| Tangible fixed assets | 22/27 | €991 | €3,017 | +€2,026 | +204% |
| Plant, machinery and equipment | 23 | €355 | €163 | -€192 | -54.2% |
| Furniture and vehicles | 24 | €636 | €857 | +€221 | +34.8% |
| Other tangible fixed assets | 26 | - | €1,998 | +€1,998 | |
| Financial fixed assets | 28 | €2,895 | €2,895 | = | 0.0% |
| Current assets | 29/58 | €58,919 | €72,988 | +€14,070 | +23.9% |
| Amounts receivable within one year | 40/41 | €20,028 | €16,319 | -€3,709 | -18.5% |
| Trade receivables | 40 | €15,944 | €15,881 | -€63 | -0.4% |
| Other amounts receivable | 41 | €4,084 | €438 | -€3,646 | -89.3% |
| Cash at bank and in hand | 54/58 | €37,376 | €53,793 | +€16,418 | +43.9% |
| Deferred charges and accrued income | 490/1 | €1,514 | €2,876 | +€1,361 | +89.9% |
| Total equity and liabilities | 10/49 | €62,805 | €78,901 | +€16,096 | +25.6% |
| Equity | 10/15 | €13,427 | €27,176 | +€13,748 | +102% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €927 | €14,676 | +€13,748 | +1,483% |
| Distributable reserves | 133 | €927 | €14,676 | +€13,748 | +1,483% |
| Amounts payable | 17/49 | €49,377 | €51,725 | +€2,348 | +4.8% |
| Amounts payable after more than one year | 17 | €15,417 | €11,858 | -€3,559 | -23.1% |
| Financial debts | 170/4 | €15,417 | €11,858 | -€3,559 | -23.1% |
| Amounts payable within one year | 42/48 | €33,960 | €39,867 | +€5,907 | +17.4% |
| Current portion of amounts payable after more than one year | 42 | €3,328 | €3,559 | +€231 | +6.9% |
| Financial debts | 43 | €10,250 | €7,443 | -€2,807 | -27.4% |
| Credit institutions | 430/8 | €10,250 | €7,443 | -€2,807 | -27.4% |
| Trade debts | 44 | €1,950 | €8,983 | +€7,032 | +361% |
| Suppliers | 440/4 | €1,950 | €8,983 | +€7,032 | +361% |
| Taxes, remuneration and social security | 45 | €14,178 | €13,483 | -€694 | -4.9% |
| Taxes | 450/3 | €14,178 | €13,483 | -€694 | -4.9% |
| Other amounts payable | 47/48 | €4,254 | €6,399 | +€2,145 | +50.4% |
| Remuneration, social security and pensions | 62 | - | €186 | +€186 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,443 | €988 | -€454 | -31.5% |
| Other operating charges | 640/8 | €634 | €697 | +€63 | +9.9% |
| Gross operating margin | 9900 | €25,921 | €27,783 | +€1,862 | +7.2% |
| Operating profit (loss) | 9901 | €23,844 | €25,911 | +€2,067 | +8.7% |
| Financial income | 75/76B | €19 | €124 | +€105 | +566% |
| Recurring financial income | 75 | €19 | €124 | +€105 | +566% |
| Financial charges | 65/66B | €2,231 | €2,622 | +€390 | +17.5% |
| Recurring financial charges | 65 | €2,231 | €2,622 | +€390 | +17.5% |
| Profit (loss) for the period before taxes | 9903 | €21,632 | €23,413 | +€1,782 | +8.2% |
| Income taxes | 67/77 | €6,375 | €7,999 | +€1,624 | +25.5% |
| Profit (loss) for the period | 9904 | €15,257 | €15,414 | +€158 | +1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,257 | €15,414 | +€158 | +1.0% |
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 30 October 2026 via checked.be.