BOGAERTS 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.
BOGAERTS VASTGOED
Largest movements
- Tangible fixed assets -€35,958
down €35,958 (-17.3%), from €207,423 to €171,464
of which Furniture and vehicles: -€27,295
- Receivables within one year +€15,592
up €15,592 (+18.4%), from €84,664 to €100,256
of which Trade receivables: +€16,509
- Debts after one year -€16,277
down €16,277 (-37.3%), from €43,620 to €27,342
- Trade debts -€16,017
down €16,017 (-61.0%), from €26,274 to €10,257
- Reserves +€15,496
up €15,496 (+3.3%), from €470,922 to €486,419
of which Distributable reserves: +€15,496
- Gross operating margin -€145,844
down €145,844 (-66.1%), from €220,740 to €74,896
- Taxes -€15,561
down €15,561 (-57.0%), from €27,307 to €11,746
- Financial charges -€4,550
down €4,550 (-41.1%), from €11,076 to €6,526
- Financial income -€2,539
down €2,539 (-66.4%), from €3,822 to €1,282
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.
Cash bridge derived
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 | €677,351 | €658,126 | -€19,226 | -2.8% |
| Fixed assets | 21/28 | €472,701 | €436,743 | -€35,958 | -7.6% |
| Tangible fixed assets | 22/27 | €207,423 | €171,464 | -€35,958 | -17.3% |
| Land and buildings | 22 | €115,569 | €106,906 | -€8,663 | -7.5% |
| Furniture and vehicles | 24 | €91,854 | €64,559 | -€27,295 | -29.7% |
| Financial fixed assets | 28 | €265,278 | €265,278 | = | 0.0% |
| Current assets | 29/58 | €204,650 | €221,383 | +€16,733 | +8.2% |
| Stocks and contracts in progress | 3 | €99,844 | €99,844 | = | 0.0% |
| Stocks | 30/36 | €99,844 | €99,844 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €84,664 | €100,256 | +€15,592 | +18.4% |
| Trade receivables | 40 | €23,334 | €39,844 | +€16,509 | +70.8% |
| Other amounts receivable | 41 | €61,330 | €60,412 | -€918 | -1.5% |
| Cash at bank and in hand | 54/58 | €14,947 | €19,491 | +€4,545 | +30.4% |
| Deferred charges and accrued income | 490/1 | €5,196 | €1,792 | -€3,403 | -65.5% |
| Total equity and liabilities | 10/49 | €677,351 | €658,126 | -€19,226 | -2.8% |
| Equity | 10/15 | €535,922 | €551,419 | +€15,496 | +2.9% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €470,922 | €486,419 | +€15,496 | +3.3% |
| Non-distributable reserves | 130/1 | €21,672 | €21,672 | = | 0.0% |
| Legal reserve | 130 | €21,672 | €21,672 | = | 0.0% |
| Distributable reserves | 133 | €449,250 | €464,747 | +€15,496 | +3.4% |
| Amounts payable | 17/49 | €141,429 | €106,707 | -€34,722 | -24.6% |
| Amounts payable after more than one year | 17 | €43,620 | €27,342 | -€16,277 | -37.3% |
| Financial debts | 170/4 | €43,620 | €27,342 | -€16,277 | -37.3% |
| Amounts payable within one year | 42/48 | €89,552 | €73,031 | -€16,521 | -18.4% |
| Current portion of amounts payable after more than one year | 42 | €15,550 | €16,277 | +€727 | +4.7% |
| Trade debts | 44 | €26,274 | €10,257 | -€16,017 | -61.0% |
| Suppliers | 440/4 | €26,274 | €10,257 | -€16,017 | -61.0% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €47,728 | €46,497 | -€1,231 | -2.6% |
| Accrued charges and deferred income | 492/3 | €8,257 | €6,334 | -€1,923 | -23.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,382 | €38,257 | -€1,125 | -2.9% |
| Other operating charges | 640/8 | €4,317 | €4,152 | -€165 | -3.8% |
| Gross operating margin | 9900 | €220,740 | €74,896 | -€145,844 | -66.1% |
| Operating profit (loss) | 9901 | €177,040 | €32,486 | -€144,554 | -81.7% |
| Financial income | 75/76B | €3,822 | €1,282 | -€2,539 | -66.4% |
| Recurring financial income | 75 | €3,822 | €1,282 | -€2,539 | -66.4% |
| Financial charges | 65/66B | €11,076 | €6,526 | -€4,550 | -41.1% |
| Recurring financial charges | 65 | €11,076 | €6,526 | -€4,550 | -41.1% |
| Profit (loss) for the period before taxes | 9903 | €169,786 | €27,243 | -€142,544 | -84.0% |
| Income taxes | 67/77 | €27,307 | €11,746 | -€15,561 | -57.0% |
| Profit (loss) for the period | 9904 | €142,480 | €15,496 | -€126,983 | -89.1% |
| Profit (loss) for the period to be appropriated | 9905 | €142,480 | €15,496 | -€126,983 | -89.1% |
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 11 October 2026 via checked.be.