AS 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.
AS VASTGOED
Largest movements
- Cash +€32,245
up €32,245 (+583%), from €5,534 to €37,779
mainly Short-term financial debts (+€40,935) and Net result for the year (+€38,497)
- Tangible fixed assets -€15,951
down €15,951 (-3.1%), from €514,089 to €498,138
of which Land and buildings: -€17,939
- Receivables within one year -€7,933
down €7,933 (-19.8%), from €40,000 to €32,067
of which Other amounts receivable: -€12,933
- Short-term financial debts +€40,935
new in 2025: €40,935
- Profit (loss) carried forward +€38,496
up €38,496 (+57.1%), from -€67,422 to -€28,926
- Accrued charges and deferred income -€29,149
no longer reported in 2025 (was €29,149)
- Current portion of long-term debt -€28,846
down €28,846 (-38.1%), from €75,802 to €46,956
- Debts after one year -€23,856
down €23,856 (-10.6%), from €224,823 to €200,967
of which Financial debts: -€46,956
- Gross operating margin +€134,933
up €134,933, from -€33,075 to €101,858
- Other operating charges +€15,249
up €15,249 (+161%), from €9,464 to €24,713
- Taxes +€13,541
up €13,541, from -€608 to €12,933
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 | €559,623 | €569,128 | +€9,505 | +1.7% |
| Fixed assets | 21/28 | €514,089 | €498,138 | -€15,951 | -3.1% |
| Tangible fixed assets | 22/27 | €514,089 | €498,138 | -€15,951 | -3.1% |
| Land and buildings | 22 | €514,089 | €496,150 | -€17,939 | -3.5% |
| Plant, machinery and equipment | 23 | - | €1,526 | +€1,526 | |
| Furniture and vehicles | 24 | - | €462 | +€462 | |
| Current assets | 29/58 | €45,534 | €70,990 | +€25,456 | +55.9% |
| Amounts receivable within one year | 40/41 | €40,000 | €32,067 | -€7,933 | -19.8% |
| Trade receivables | 40 | - | €5,000 | +€5,000 | |
| Other amounts receivable | 41 | €40,000 | €27,067 | -€12,933 | -32.3% |
| Cash at bank and in hand | 54/58 | €5,534 | €37,779 | +€32,245 | +583% |
| Deferred charges and accrued income | 490/1 | - | €1,144 | +€1,144 | |
| Total equity and liabilities | 10/49 | €559,623 | €569,128 | +€9,505 | +1.7% |
| Equity | 10/15 | €157,290 | €195,787 | +€38,497 | +24.5% |
| Contributions | 10/11 | €34,000 | €34,000 | = | 0.0% |
| Capital | 10 | €34,000 | - | -€34,000 | |
| Issued capital | 100 | €34,000 | - | -€34,000 | |
| Reserves | 13 | €190,712 | €190,712 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €3,400 | €3,400 | = | 0.0% |
| Legal reserve | 130 | €3,400 | - | -€3,400 | |
| Reserves not available under the articles | 1311 | - | €3,400 | +€3,400 | |
| Tax-exempt reserves | 132 | €187,312 | €187,312 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€67,422 | -€28,926 | +€38,496 | +57.1% |
| Provisions and deferred taxes | 16 | €62,437 | €62,437 | +€0 | 0.0% |
| Provisions for liabilities and charges | 160/5 | - | €62,437 | +€62,437 | |
| Taxes | 161 | - | €62,437 | +€62,437 | |
| Deferred taxes | 168 | €62,437 | - | -€62,437 | |
| Amounts payable | 17/49 | €339,896 | €310,904 | -€28,992 | -8.5% |
| Amounts payable after more than one year | 17 | €224,823 | €200,967 | -€23,856 | -10.6% |
| Financial debts | 170/4 | €224,823 | €177,867 | -€46,956 | -20.9% |
| Other amounts payable | 178/9 | - | €23,100 | +€23,100 | |
| Amounts payable within one year | 42/48 | €85,924 | €109,937 | +€24,013 | +27.9% |
| Current portion of amounts payable after more than one year | 42 | €75,802 | €46,956 | -€28,846 | -38.1% |
| Financial debts | 43 | - | €40,935 | +€40,935 | |
| Other loans | 439 | - | €40,935 | +€40,935 | |
| Trade debts | 44 | €4,434 | €18,431 | +€13,997 | +316% |
| Suppliers | 440/4 | €4,434 | €18,431 | +€13,997 | +316% |
| Taxes, remuneration and social security | 45 | €3,510 | €1,200 | -€2,310 | -65.8% |
| Remuneration and social security | 454/9 | €3,510 | €1,200 | -€2,310 | -65.8% |
| Other amounts payable | 47/48 | €2,178 | €2,416 | +€238 | +10.9% |
| Accrued charges and deferred income | 492/3 | €29,149 | - | -€29,149 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,939 | €18,148 | +€209 | +1.2% |
| Other operating charges | 640/8 | €9,464 | €24,713 | +€15,249 | +161% |
| Gross operating margin | 9900 | -€33,075 | €101,858 | +€134,933 | |
| Operating profit (loss) | 9901 | -€60,478 | €58,997 | +€119,475 | |
| Financial charges | 65/66B | €7,587 | €7,567 | -€20 | -0.3% |
| Recurring financial charges | 65 | €7,587 | €7,567 | -€20 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | -€68,065 | €51,430 | +€119,495 | |
| Income taxes | 67/77 | -€608 | €12,933 | +€13,541 | |
| Profit (loss) for the period | 9904 | -€67,457 | €38,497 | +€105,954 | |
| Profit (loss) for the period to be appropriated | 9905 | -€67,457 | €38,497 | +€105,954 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.