AZ 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.
AZ VASTGOED
Largest movements
- Receivables within one year -€101,947
down €101,947 (-18.8%), from €541,485 to €439,538
of which Other amounts receivable: -€101,947
- Tangible fixed assets -€51,106
down €51,106 (-10.5%), from €486,244 to €435,138
of which Land and buildings: -€39,846
- Cash -€26,210
down €26,210 (-68.8%), from €38,085 to €11,876
mainly Other debts (-€205,888) and Debts after one year (-€27,276)
- Other debts -€205,888
down €205,888 (-100%), from €205,888 to €0
- Profit (loss) carried forward +€53,564
up €53,564 (+14.2%), from €377,349 to €430,913
- Debts after one year -€27,276
down €27,276 (-15.7%), from €173,549 to €146,274
- Gross operating margin +€1,784
up €1,784 (+1.4%), from €128,069 to €129,854
- Other operating charges -€1,754
down €1,754 (-72.9%), from €2,408 to €654
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 | €1,065,814 | €886,551 | -€179,262 | -16.8% |
| Fixed assets | 21/28 | €486,244 | €435,138 | -€51,106 | -10.5% |
| Tangible fixed assets | 22/27 | €486,244 | €435,138 | -€51,106 | -10.5% |
| Land and buildings | 22 | €457,597 | €417,751 | -€39,846 | -8.7% |
| Plant, machinery and equipment | 23 | €28,646 | €17,386 | -€11,260 | -39.3% |
| Current assets | 29/58 | €579,570 | €451,413 | -€128,157 | -22.1% |
| Amounts receivable within one year | 40/41 | €541,485 | €439,538 | -€101,947 | -18.8% |
| Trade receivables | 40 | €11,282 | €11,282 | = | 0.0% |
| Other amounts receivable | 41 | €530,203 | €428,256 | -€101,947 | -19.2% |
| Cash at bank and in hand | 54/58 | €38,085 | €11,876 | -€26,210 | -68.8% |
| Total equity and liabilities | 10/49 | €1,065,814 | €886,551 | -€179,262 | -16.8% |
| Equity | 10/15 | €656,025 | €709,589 | +€53,564 | +8.2% |
| Contributions | 10/11 | €117,547 | €117,547 | = | 0.0% |
| Reserves | 13 | €161,129 | €161,129 | = | 0.0% |
| Non-distributable reserves | 130/1 | €25,985 | €25,985 | = | 0.0% |
| Reserves not available under the articles | 1311 | €25,985 | €25,985 | = | 0.0% |
| Tax-exempt reserves | 132 | €34,941 | €34,941 | = | 0.0% |
| Distributable reserves | 133 | €100,203 | €100,203 | = | 0.0% |
| Profit (loss) carried forward | 14 | €377,349 | €430,913 | +€53,564 | +14.2% |
| Amounts payable | 17/49 | €409,789 | €176,962 | -€232,827 | -56.8% |
| Amounts payable after more than one year | 17 | €173,549 | €146,274 | -€27,276 | -15.7% |
| Financial debts | 170/4 | €173,549 | €146,274 | -€27,276 | -15.7% |
| Amounts payable within one year | 42/48 | €236,240 | €30,689 | -€205,551 | -87.0% |
| Current portion of amounts payable after more than one year | 42 | €25,087 | €26,276 | +€1,188 | +4.7% |
| Trade debts | 44 | €1,674 | €1,558 | -€115 | -6.9% |
| Suppliers | 440/4 | €1,674 | €1,558 | -€115 | -6.9% |
| Taxes, remuneration and social security | 45 | €3,591 | €2,855 | -€736 | -20.5% |
| Taxes | 450/3 | €3,591 | €2,855 | -€736 | -20.5% |
| Other amounts payable | 47/48 | €205,888 | €0 | -€205,888 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,056 | €51,106 | +€50 | +0.1% |
| Other operating charges | 640/8 | €2,408 | €654 | -€1,754 | -72.9% |
| Gross operating margin | 9900 | €128,069 | €129,854 | +€1,784 | +1.4% |
| Operating profit (loss) | 9901 | €74,605 | €78,094 | +€3,489 | +4.7% |
| Financial charges | 65/66B | €7,605 | €6,675 | -€930 | -12.2% |
| Recurring financial charges | 65 | €7,605 | €6,675 | -€930 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €67,000 | €71,419 | +€4,419 | +6.6% |
| Income taxes | 67/77 | €16,769 | €17,855 | +€1,086 | +6.5% |
| Profit (loss) for the period | 9904 | €50,231 | €53,564 | +€3,333 | +6.6% |
| Profit (loss) for the period to be appropriated | 9905 | €50,231 | €53,564 | +€3,333 | +6.6% |
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 23 October 2026 via checked.be.