CAMILLE 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.
CAMILLE VASTGOED
Largest movements
- Tangible fixed assets +€120,147
up €120,147 (+13.8%), from €869,513 to €989,660
of which Other tangible fixed assets: +€119,707
- Cash -€63,570
down €63,570 (-35.0%), from €181,639 to €118,069
mainly Investment in fixed assets (net) (-€156,987) and Tax, wage and social debts (-€527)
- Reserves +€40,603
up €40,603 (+10.5%), from €386,692 to €427,295
of which Distributable reserves: +€40,603
- Depreciation -€21,052
down €21,052 (-35.1%), from €59,929 to €38,877
- Gross operating margin -€10,653
down €10,653 (-8.2%), from €129,480 to €118,826
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 | €1,088,681 | €1,131,323 | +€42,642 | +3.9% |
| Formation expenses | 20 | €2,036 | €0 | -€2,036 | -100% |
| Fixed assets | 21/28 | €869,513 | €989,660 | +€120,147 | +13.8% |
| Tangible fixed assets | 22/27 | €869,513 | €989,660 | +€120,147 | +13.8% |
| Land and buildings | 22 | €206,151 | €202,338 | -€3,813 | -1.8% |
| Plant, machinery and equipment | 23 | - | €2,835 | +€2,835 | |
| Furniture and vehicles | 24 | - | €1,416 | +€1,416 | |
| Other tangible fixed assets | 26 | €663,362 | €783,070 | +€119,707 | +18.0% |
| Current assets | 29/58 | €217,132 | €141,663 | -€75,468 | -34.8% |
| Amounts receivable within one year | 40/41 | €33,236 | €23,594 | -€9,642 | -29.0% |
| Trade receivables | 40 | €33,221 | €23,575 | -€9,646 | -29.0% |
| Other amounts receivable | 41 | €15 | €19 | +€4 | +29.7% |
| Cash at bank and in hand | 54/58 | €181,639 | €118,069 | -€63,570 | -35.0% |
| Deferred charges and accrued income | 490/1 | €2,257 | €0 | -€2,257 | -100% |
| Total equity and liabilities | 10/49 | €1,088,681 | €1,131,323 | +€42,642 | +3.9% |
| Equity | 10/15 | €1,067,037 | €1,107,640 | +€40,603 | +3.8% |
| Contributions | 10/11 | €680,346 | €680,346 | = | 0.0% |
| Reserves | 13 | €386,692 | €427,295 | +€40,603 | +10.5% |
| Tax-exempt reserves | 132 | €161,924 | €161,924 | = | 0.0% |
| Distributable reserves | 133 | €224,768 | €265,371 | +€40,603 | +18.1% |
| Amounts payable | 17/49 | €21,644 | €23,683 | +€2,039 | +9.4% |
| Amounts payable within one year | 42/48 | €20,864 | €22,749 | +€1,885 | +9.0% |
| Trade debts | 44 | €126 | €2,538 | +€2,412 | +1,914% |
| Suppliers | 440/4 | €126 | €2,538 | +€2,412 | +1,914% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €20,593 | €20,065 | -€527 | -2.6% |
| Taxes | 450/3 | €20,593 | €20,065 | -€527 | -2.6% |
| Other amounts payable | 47/48 | €145 | €145 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €780 | €934 | +€154 | +19.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,929 | €38,877 | -€21,052 | -35.1% |
| Other operating charges | 640/8 | €14,260 | €15,290 | +€1,030 | +7.2% |
| Non-recurring operating charges | 66A | - | €10,484 | +€10,484 | |
| Gross operating margin | 9900 | €129,480 | €118,826 | -€10,653 | -8.2% |
| Operating profit (loss) | 9901 | €55,291 | €54,175 | -€1,116 | -2.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €41 | €42 | +€1 | +3.1% |
| Recurring financial charges | 65 | €41 | €42 | +€1 | +3.1% |
| Profit (loss) for the period before taxes | 9903 | €55,250 | €54,133 | -€1,117 | -2.0% |
| Income taxes | 67/77 | €13,813 | €13,530 | -€283 | -2.0% |
| Profit (loss) for the period | 9904 | €41,438 | €40,603 | -€835 | -2.0% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €41,438 | €40,603 | -€835 | -2.0% |
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 1 November 2026 via checked.be.