ACLEA 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.
ACLEA VASTGOED
Largest movements
- Tangible fixed assets -€95,446
down €95,446 (-10.3%), from €923,486 to €828,040
of which Land and buildings: -€67,366
- Receivables within one year -€30,808
down €30,808 (-32.0%), from €96,248 to €65,440
of which Trade receivables: -€36,439
- Cash +€14,254
up €14,254 (+22.3%), from €63,849 to €78,103
- Debts after one year -€68,408
down €68,408 (-13.1%), from €520,429 to €452,021
- Trade debts -€22,826
down €22,826 (-65.6%), from €34,810 to €11,984
- Gross operating margin +€97,421
up €97,421 (+53.5%), from €182,070 to €279,491
- Staff costs +€49,501
up €49,501 (+52.5%), from €94,354 to €143,854
- Depreciation +€20,030
up €20,030 (+32.8%), from €61,057 to €81,087
- Financial charges +€18,100
up €18,100 (+73.1%), from €24,755 to €42,855
- Other operating charges +€5,836
up €5,836 (+69.2%), from €8,431 to €14,267
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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,094,517 | €976,376 | -€118,140 | -10.8% |
| Fixed assets | 21/28 | €928,326 | €830,908 | -€97,418 | -10.5% |
| Intangible fixed assets | 21 | €4,540 | €2,568 | -€1,973 | -43.4% |
| Tangible fixed assets | 22/27 | €923,486 | €828,040 | -€95,446 | -10.3% |
| Land and buildings | 22 | €888,673 | €821,308 | -€67,366 | -7.6% |
| Plant, machinery and equipment | 23 | €351 | €1,418 | +€1,067 | +304% |
| Furniture and vehicles | 24 | €34,462 | €5,314 | -€29,147 | -84.6% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €166,191 | €145,468 | -€20,722 | -12.5% |
| Amounts receivable within one year | 40/41 | €96,248 | €65,440 | -€30,808 | -32.0% |
| Trade receivables | 40 | €83,152 | €46,713 | -€36,439 | -43.8% |
| Other amounts receivable | 41 | €13,096 | €18,727 | +€5,631 | +43.0% |
| Cash at bank and in hand | 54/58 | €63,849 | €78,103 | +€14,254 | +22.3% |
| Deferred charges and accrued income | 490/1 | €6,094 | €1,925 | -€4,169 | -68.4% |
| Total equity and liabilities | 10/49 | €1,094,517 | €976,376 | -€118,140 | -10.8% |
| Equity | 10/15 | €279,987 | €270,912 | -€9,075 | -3.2% |
| Contributions | 10/11 | €151,500 | €151,500 | = | 0.0% |
| Capital | 10 | €151,500 | €151,500 | = | 0.0% |
| Issued capital | 100 | €151,500 | €151,500 | = | 0.0% |
| Reserves | 13 | €128,487 | €119,412 | -€9,075 | -7.1% |
| Non-distributable reserves | 130/1 | €6,806 | €6,806 | = | 0.0% |
| Legal reserve | 130 | €6,806 | €6,806 | = | 0.0% |
| Distributable reserves | 133 | €121,681 | €112,606 | -€9,075 | -7.5% |
| Amounts payable | 17/49 | €814,530 | €705,465 | -€109,065 | -13.4% |
| Amounts payable after more than one year | 17 | €520,429 | €452,021 | -€68,408 | -13.1% |
| Financial debts | 170/4 | €520,429 | €452,021 | -€68,408 | -13.1% |
| Amounts payable within one year | 42/48 | €294,101 | €251,985 | -€42,116 | -14.3% |
| Current portion of amounts payable after more than one year | 42 | €41,230 | €37,469 | -€3,761 | -9.1% |
| Trade debts | 44 | €34,810 | €11,984 | -€22,826 | -65.6% |
| Suppliers | 440/4 | €34,810 | €11,984 | -€22,826 | -65.6% |
| Taxes, remuneration and social security | 45 | €32,267 | €22,005 | -€10,261 | -31.8% |
| Taxes | 450/3 | €24,074 | €13,942 | -€10,131 | -42.1% |
| Remuneration and social security | 454/9 | €8,193 | €8,063 | -€130 | -1.6% |
| Other amounts payable | 47/48 | €185,795 | €180,527 | -€5,268 | -2.8% |
| Accrued charges and deferred income | 492/3 | €0 | €1,459 | +€1,459 | |
| Non-recurring operating income | 76A | €25,562 | €0 | -€25,562 | -100% |
| Remuneration, social security and pensions | 62 | €94,354 | €143,854 | +€49,501 | +52.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,057 | €81,087 | +€20,030 | +32.8% |
| Other operating charges | 640/8 | €8,431 | €14,267 | +€5,836 | +69.2% |
| Non-recurring operating charges | 66A | - | €5,718 | +€5,718 | |
| Gross operating margin | 9900 | €182,070 | €279,491 | +€97,421 | +53.5% |
| Operating profit (loss) | 9901 | €18,228 | €34,563 | +€16,335 | +89.6% |
| Financial income | 75/76B | €5,646 | €1,872 | -€3,774 | -66.8% |
| Recurring financial income | 75 | €5,646 | €1,872 | -€3,774 | -66.8% |
| Financial charges | 65/66B | €24,755 | €42,855 | +€18,100 | +73.1% |
| Recurring financial charges | 65 | €24,755 | €42,855 | +€18,100 | +73.1% |
| Profit (loss) for the period before taxes | 9903 | -€881 | -€6,420 | -€5,539 | -629% |
| Income taxes | 67/77 | €4,255 | €2,655 | -€1,599 | -37.6% |
| Profit (loss) for the period | 9904 | -€5,136 | -€9,075 | -€3,940 | -76.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,136 | -€9,075 | -€3,940 | -76.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.