BS Vastgoedmanagement: 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.
BS Vastgoedmanagement
Largest movements
- Tangible fixed assets +€286,827
up €286,827 (+11,156%), from €2,571 to €289,398
of which Land and buildings: +€285,609
- Cash +€38,280
up €38,280 (+158%), from €24,201 to €62,480
mainly Debts after one year (+€204,681) and Other debts (+€89,300)
- Financial fixed assets +€29,300
new in 2025: €29,300
- Receivables within one year -€12,750
no longer reported in 2025 (was €12,750)
- Debts after one year +€204,681
new in 2025: €204,681
- Other debts +€89,300
new in 2025: €89,300
- Reserves +€18,936
up €18,936 (+75.0%), from €25,260 to €44,195
- Trade debts +€16,175
up €16,175 (+1,360%), from €1,190 to €17,365
- Current portion of long-term debt +€8,109
new in 2025: €8,109
- Financial charges +€10,101
up €10,101 (+2,886%), from €350 to €10,451
- Gross operating margin +€8,391
up €8,391 (+26.0%), from €32,236 to €40,627
- Depreciation +€4,429
up €4,429 (+2,307%), from €192 to €4,621
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 | €39,522 | €384,268 | +€344,747 | +872% |
| Fixed assets | 21/28 | €2,571 | €318,698 | +€316,127 | +12,296% |
| Tangible fixed assets | 22/27 | €2,571 | €289,398 | +€286,827 | +11,156% |
| Land and buildings | 22 | - | €285,609 | +€285,609 | |
| Furniture and vehicles | 24 | €2,571 | €3,789 | +€1,218 | +47.4% |
| Financial fixed assets | 28 | - | €29,300 | +€29,300 | |
| Current assets | 29/58 | €36,951 | €65,570 | +€28,620 | +77.5% |
| Amounts receivable within one year | 40/41 | €12,750 | - | -€12,750 | |
| Trade receivables | 40 | €12,750 | - | -€12,750 | |
| Cash at bank and in hand | 54/58 | €24,201 | €62,480 | +€38,280 | +158% |
| Deferred charges and accrued income | 490/1 | - | €3,090 | +€3,090 | |
| Total equity and liabilities | 10/49 | €39,522 | €384,268 | +€344,747 | +872% |
| Equity | 10/15 | €29,260 | €48,195 | +€18,936 | +64.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €25,260 | €44,195 | +€18,936 | +75.0% |
| Distributable reserves | 133 | €25,260 | €44,195 | +€18,936 | +75.0% |
| Amounts payable | 17/49 | €10,262 | €336,073 | +€325,811 | +3,175% |
| Amounts payable after more than one year | 17 | - | €204,681 | +€204,681 | |
| Financial debts | 170/4 | - | €204,681 | +€204,681 | |
| Amounts payable within one year | 42/48 | €9,062 | €127,882 | +€118,820 | +1,311% |
| Current portion of amounts payable after more than one year | 42 | - | €8,109 | +€8,109 | |
| Trade debts | 44 | €1,190 | €17,365 | +€16,175 | +1,360% |
| Suppliers | 440/4 | €1,190 | €17,365 | +€16,175 | +1,360% |
| Taxes, remuneration and social security | 45 | €7,872 | €13,108 | +€5,236 | +66.5% |
| Taxes | 450/3 | €7,872 | €13,108 | +€5,236 | +66.5% |
| Other amounts payable | 47/48 | - | €89,300 | +€89,300 | |
| Accrued charges and deferred income | 492/3 | €1,200 | €3,510 | +€2,310 | +193% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €192 | €4,621 | +€4,429 | +2,307% |
| Other operating charges | 640/8 | €62 | €120 | +€58 | +93.5% |
| Gross operating margin | 9900 | €32,236 | €40,627 | +€8,391 | +26.0% |
| Operating profit (loss) | 9901 | €31,982 | €35,886 | +€3,904 | +12.2% |
| Financial income | 75/76B | €11 | €5 | -€6 | -55.4% |
| Recurring financial income | 75 | €11 | €5 | -€6 | -55.4% |
| Financial charges | 65/66B | €350 | €10,451 | +€10,101 | +2,886% |
| Recurring financial charges | 65 | €350 | €10,451 | +€10,101 | +2,886% |
| Profit (loss) for the period before taxes | 9903 | €31,643 | €25,440 | -€6,203 | -19.6% |
| Income taxes | 67/77 | €6,383 | €6,504 | +€121 | +1.9% |
| Profit (loss) for the period | 9904 | €25,260 | €18,936 | -€6,324 | -25.0% |
| Profit (loss) for the period to be appropriated | 9905 | €25,260 | €18,936 | -€6,324 | -25.0% |
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.