ALL PLAN 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.
ALL PLAN VASTGOED
Largest movements
- Stocks and contracts +€204,525
up €204,525 (+25.9%), from €790,920 to €995,445
- Receivables within one year +€38,725
up €38,725 (+23.7%), from €163,114 to €201,839
of which Other amounts receivable: +€36,852
- Cash +€36,669
up €36,669 (+466%), from €7,869 to €44,538
mainly Short-term financial debts (+€190,000) and Other debts (+€189,528)
- Short-term financial debts +€190,000
up €190,000 (+24.7%), from €769,434 to €959,434
- Other debts +€189,528
up €189,528 (+160%), from €118,771 to €308,298
- Debts after one year -€49,315
down €49,315 (-14.6%), from €338,691 to €289,377
- Reserves -€44,569
down €44,569 (-9.7%), from €461,192 to €416,623
- Gross operating margin -€42,135
down €42,135 (-21.7%), from €193,966 to €151,831
- Taxes -€8,350
down €8,350 (-29.9%), from €27,884 to €19,535
- Depreciation +€3,292
up €3,292 (+12.5%), from €26,408 to €29,700
- Other operating charges +€2,213
up €2,213 (+65.1%), from €3,399 to €5,612
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 | €1,814,839 | €2,104,984 | +€290,144 | +16.0% |
| Fixed assets | 21/28 | €847,993 | €860,961 | +€12,968 | +1.5% |
| Tangible fixed assets | 22/27 | €842,993 | €855,961 | +€12,968 | +1.5% |
| Land and buildings | 22 | €831,731 | €807,675 | -€24,056 | -2.9% |
| Plant, machinery and equipment | 23 | €11,262 | €14,143 | +€2,881 | +25.6% |
| Furniture and vehicles | 24 | - | €34,143 | +€34,143 | |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €966,846 | €1,244,022 | +€277,176 | +28.7% |
| Stocks and contracts in progress | 3 | €790,920 | €995,445 | +€204,525 | +25.9% |
| Stocks | 30/36 | €790,920 | €995,445 | +€204,525 | +25.9% |
| Amounts receivable within one year | 40/41 | €163,114 | €201,839 | +€38,725 | +23.7% |
| Trade receivables | 40 | €26,347 | €28,220 | +€1,873 | +7.1% |
| Other amounts receivable | 41 | €136,767 | €173,619 | +€36,852 | +26.9% |
| Cash at bank and in hand | 54/58 | €7,869 | €44,538 | +€36,669 | +466% |
| Deferred charges and accrued income | 490/1 | €4,944 | €2,201 | -€2,743 | -55.5% |
| Total equity and liabilities | 10/49 | €1,814,839 | €2,104,984 | +€290,144 | +16.0% |
| Equity | 10/15 | €481,192 | €436,623 | -€44,569 | -9.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €461,192 | €416,623 | -€44,569 | -9.7% |
| Distributable reserves | 133 | €461,192 | €416,623 | -€44,569 | -9.7% |
| Amounts payable | 17/49 | €1,333,648 | €1,668,361 | +€334,713 | +25.1% |
| Amounts payable after more than one year | 17 | €338,691 | €289,377 | -€49,315 | -14.6% |
| Financial debts | 170/4 | €338,691 | €289,377 | -€49,315 | -14.6% |
| Amounts payable within one year | 42/48 | €984,997 | €1,369,035 | +€384,038 | +39.0% |
| Current portion of amounts payable after more than one year | 42 | €58,298 | €59,315 | +€1,017 | +1.7% |
| Financial debts | 43 | €769,434 | €959,434 | +€190,000 | +24.7% |
| Credit institutions | 430/8 | €769,434 | €959,434 | +€190,000 | +24.7% |
| Trade debts | 44 | €25,638 | €37,565 | +€11,927 | +46.5% |
| Suppliers | 440/4 | €25,638 | €37,565 | +€11,927 | +46.5% |
| Taxes, remuneration and social security | 45 | €12,856 | €4,423 | -€8,433 | -65.6% |
| Taxes | 450/3 | €12,856 | €4,423 | -€8,433 | -65.6% |
| Other amounts payable | 47/48 | €118,771 | €308,298 | +€189,528 | +160% |
| Accrued charges and deferred income | 492/3 | €9,959 | €9,949 | -€10 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,408 | €29,700 | +€3,292 | +12.5% |
| Other operating charges | 640/8 | €3,399 | €5,612 | +€2,213 | +65.1% |
| Gross operating margin | 9900 | €193,966 | €151,831 | -€42,135 | -21.7% |
| Operating profit (loss) | 9901 | €164,159 | €116,520 | -€47,640 | -29.0% |
| Financial income | 75/76B | €2,454 | €2,548 | +€95 | +3.9% |
| Recurring financial income | 75 | €2,454 | €2,548 | +€95 | +3.9% |
| Financial charges | 65/66B | €42,579 | €44,102 | +€1,523 | +3.6% |
| Recurring financial charges | 65 | €42,579 | €44,102 | +€1,523 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | €124,034 | €74,966 | -€49,068 | -39.6% |
| Income taxes | 67/77 | €27,884 | €19,535 | -€8,350 | -29.9% |
| Profit (loss) for the period | 9904 | €96,150 | €55,431 | -€40,718 | -42.3% |
| Profit (loss) for the period to be appropriated | 9905 | €96,150 | €55,431 | -€40,718 | -42.3% |
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 31 October 2026 via checked.be.