Clé 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.
Clé Vastgoed
Largest movements
- Cash +€90,428
up €90,428 (+19.1%), from €473,713 to €564,141
mainly Net result for the year (+€75,877) and Depreciation (+€23,842)
- Tangible fixed assets -€22,112
down €22,112 (-28.7%), from €77,144 to €55,032
of which Furniture and vehicles: -€21,633
- Reserves +€75,877
up €75,877 (+14.6%), from €518,759 to €594,637
- Gross operating margin -€22,881
down €22,881 (-11.7%), from €195,065 to €172,184
- Taxes -€5,340
down €5,340 (-14.2%), from €37,496 to €32,156
- Staff costs -€4,369
down €4,369 (-8.9%), from €49,297 to €44,928
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 | €552,712 | €623,390 | +€70,678 | +12.8% |
| Fixed assets | 21/28 | €77,776 | €55,255 | -€22,521 | -29.0% |
| Intangible fixed assets | 21 | €632 | €223 | -€409 | -64.7% |
| Tangible fixed assets | 22/27 | €77,144 | €55,032 | -€22,112 | -28.7% |
| Plant, machinery and equipment | 23 | €4,341 | €3,863 | -€479 | -11.0% |
| Furniture and vehicles | 24 | €72,802 | €51,170 | -€21,633 | -29.7% |
| Current assets | 29/58 | €474,936 | €568,134 | +€93,199 | +19.6% |
| Cash at bank and in hand | 54/58 | €473,713 | €564,141 | +€90,428 | +19.1% |
| Deferred charges and accrued income | 490/1 | €1,222 | €3,993 | +€2,771 | +227% |
| Total equity and liabilities | 10/49 | €552,712 | €623,390 | +€70,678 | +12.8% |
| Equity | 10/15 | €520,759 | €596,637 | +€75,877 | +14.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €518,759 | €594,637 | +€75,877 | +14.6% |
| Distributable reserves | 133 | €518,759 | €594,637 | +€75,877 | +14.6% |
| Amounts payable | 17/49 | €31,952 | €26,753 | -€5,199 | -16.3% |
| Amounts payable within one year | 42/48 | €31,952 | €26,753 | -€5,199 | -16.3% |
| Trade debts | 44 | €1,485 | €1,292 | -€193 | -13.0% |
| Suppliers | 440/4 | €1,485 | €1,292 | -€193 | -13.0% |
| Taxes, remuneration and social security | 45 | €30,468 | €25,461 | -€5,007 | -16.4% |
| Taxes | 450/3 | €21,680 | €16,351 | -€5,329 | -24.6% |
| Remuneration and social security | 454/9 | €8,788 | €9,110 | +€322 | +3.7% |
| Remuneration, social security and pensions | 62 | €49,297 | €44,928 | -€4,369 | -8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,549 | €23,842 | +€293 | +1.2% |
| Other operating charges | 640/8 | €449 | €1,419 | +€970 | +216% |
| Gross operating margin | 9900 | €195,065 | €172,184 | -€22,881 | -11.7% |
| Operating profit (loss) | 9901 | €121,770 | €101,995 | -€19,775 | -16.2% |
| Financial income | 75/76B | €4,525 | €6,383 | +€1,858 | +41.1% |
| Recurring financial income | 75 | €4,525 | €6,383 | +€1,858 | +41.1% |
| Financial charges | 65/66B | €304 | €345 | +€41 | +13.5% |
| Recurring financial charges | 65 | €304 | €345 | +€41 | +13.5% |
| Profit (loss) for the period before taxes | 9903 | €125,991 | €108,033 | -€17,958 | -14.3% |
| Income taxes | 67/77 | €37,496 | €32,156 | -€5,340 | -14.2% |
| Profit (loss) for the period | 9904 | €88,495 | €75,877 | -€12,617 | -14.3% |
| Profit (loss) for the period to be appropriated | 9905 | €88,495 | €75,877 | -€12,617 | -14.3% |
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.