BOUDEWIJN 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.
BOUDEWIJN VASTGOED
Largest movements
- Receivables within one year -€6,200
down €6,200 (-6.6%), from €93,423 to €87,223
of which Other amounts receivable: -€5,293
- Financial fixed assets -€1,725
no longer reported in 2025 (was €1,725)
- Cash +€1,240
new in 2025: €1,240
mainly Receivables within one year (+€6,200) and Other debts (+€5,286)
- Tax, wage and social debts -€5,871
down €5,871 (-48.7%), from €12,048 to €6,177
of which Remuneration and social security: -€5,871
- Other debts +€5,286
up €5,286 (+5.7%), from €93,353 to €98,639
- Profit (loss) carried forward -€4,193
down €4,193 (-26.4%), from -€15,887 to -€20,080
- Trade debts -€1,808
down €1,808 (-59.9%), from €3,019 to €1,211
- Turnover -€531,075
no longer reported in 2025 (was €531,075)
- Gross operating margin -€152,496
down €152,496, from €150,801 to -€1,695
- Purchases and services -€22,635
down €22,635 (-50.3%), from €45,004 to €22,369
- Staff costs -€17,059
down €17,059, from €15,999 to -€1,060
- Financial charges -€8,279
down €8,279 (-90.2%), from €9,183 to €904
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 | €95,148 | €88,463 | -€6,685 | -7.0% |
| Fixed assets | 21/28 | €1,725 | - | -€1,725 | |
| Financial fixed assets | 28 | €1,725 | - | -€1,725 | |
| Current assets | 29/58 | €93,423 | €88,463 | -€4,960 | -5.3% |
| Amounts receivable within one year | 40/41 | €93,423 | €87,223 | -€6,200 | -6.6% |
| Trade receivables | 40 | €9,320 | €8,413 | -€907 | -9.7% |
| Other amounts receivable | 41 | €84,103 | €78,810 | -€5,293 | -6.3% |
| Cash at bank and in hand | 54/58 | - | €1,240 | +€1,240 | |
| Total equity and liabilities | 10/49 | €95,148 | €88,463 | -€6,685 | -7.0% |
| Equity | 10/15 | -€13,387 | -€17,580 | -€4,193 | -31.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,887 | -€20,080 | -€4,193 | -26.4% |
| Amounts payable | 17/49 | €108,535 | €106,043 | -€2,492 | -2.3% |
| Amounts payable after more than one year | 17 | €100 | - | -€100 | |
| Other amounts payable | 178/9 | €100 | - | -€100 | |
| Amounts payable within one year | 42/48 | €108,435 | €106,043 | -€2,392 | -2.2% |
| Financial debts | 43 | €15 | €16 | +€1 | +6.7% |
| Credit institutions | 430/8 | €15 | - | -€15 | |
| Other loans | 439 | - | €16 | +€16 | |
| Trade debts | 44 | €3,019 | €1,211 | -€1,808 | -59.9% |
| Suppliers | 440/4 | €3,019 | €1,211 | -€1,808 | -59.9% |
| Taxes, remuneration and social security | 45 | €12,048 | €6,177 | -€5,871 | -48.7% |
| Taxes | 450/3 | €6,177 | €6,177 | = | 0.0% |
| Remuneration and social security | 454/9 | €5,871 | - | -€5,871 | |
| Other amounts payable | 47/48 | €93,353 | €98,639 | +€5,286 | +5.7% |
| Turnover | 70 | €531,075 | - | -€531,075 | |
| Goods, raw materials, services and sundry goods | 60/61 | €45,004 | €22,369 | -€22,635 | -50.3% |
| Remuneration, social security and pensions | 62 | €15,999 | -€1,060 | -€17,059 | |
| Other operating charges | 640/8 | €1,723 | €1,599 | -€124 | -7.2% |
| Non-recurring operating charges | 66A | €78,699 | - | -€78,699 | |
| Gross operating margin | 9900 | €150,801 | -€1,695 | -€152,496 | |
| Operating profit (loss) | 9901 | €54,380 | -€2,234 | -€56,614 | |
| Financial charges | 65/66B | €9,183 | €904 | -€8,279 | -90.2% |
| Recurring financial charges | 65 | €9,183 | €904 | -€8,279 | -90.2% |
| Profit (loss) for the period before taxes | 9903 | €45,197 | -€3,138 | -€48,335 | |
| Income taxes | 67/77 | - | €1,055 | +€1,055 | |
| Profit (loss) for the period | 9904 | €45,197 | -€4,193 | -€49,390 | |
| Profit (loss) for the period to be appropriated | 9905 | €45,197 | -€4,193 | -€49,390 |
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 20 October 2026 via checked.be.