D & D 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.
What changed
D & D VASTGOED
NACE 68.310, Real estate agency activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€16,157
2024 · €116,866-€100,709
Equity
€536,795
2024 · €520,638+€16,157
Cash
€16,089
2024 · €20,990-€4,901
Balance sheet total
€1.8m
2024 · €1.7m+€118,057
Largest movements
Assets
- Receivables within one year +€169,143
up €169,143 (+22.9%), from €738,329 to €907,472
of which Other amounts receivable: +€205,678
- Tangible fixed assets -€46,185
down €46,185 (-11.4%), from €406,526 to €360,341
of which Land and buildings: -€46,185
Equity and liabilities
- Debts after one year +€107,732
up €107,732 (+24.7%), from €435,847 to €543,579
- Other debts -€40,266
down €40,266 (-6.5%), from €619,985 to €579,719
- Trade debts +€23,232
new in 2025: €23,232
Income statement
- Gross operating margin -€134,661
down €134,661 (-57.0%), from €236,263 to €101,602
- Taxes -€3,792
down €3,792 (-41.3%), from €9,178 to €5,386
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.
Result 2024
€116,866
Gross operating margin
-€134,661
Depreciation
-€0
Other operating charges
+€1,673
Financial charges
-€1,291
Taxes
+€3,792
Deferred taxes and other
+€29,778
Result 2025
€16,157
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€120,434
Investment
€0
Financing
+€115,533
Cash 2024
€20,990
From operations (derived)
-€120,434
Net result for the year
+€16,157
Depreciation
+€46,185
Receivables within one year
-€169,143
Trade debts
+€23,232
Tax, wage and social debts
+€816
Other debts
-€40,266
Accrued charges and deferred income
+€2,585
Financing
+€115,533
Debts after one year
+€107,732
Current portion of long-term debt
+€7,800
Cash 2025
€16,089
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,684,185 | €1,802,242 | +€118,057 | +7.0% |
| Fixed assets | 21/28 | €924,866 | €878,681 | -€46,185 | -5.0% |
| Tangible fixed assets | 22/27 | €406,526 | €360,341 | -€46,185 | -11.4% |
| Land and buildings | 22 | €406,526 | €360,341 | -€46,185 | -11.4% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Financial fixed assets | 28 | €518,340 | €518,340 | = | 0.0% |
| Current assets | 29/58 | €759,319 | €923,561 | +€164,242 | +21.6% |
| Amounts receivable within one year | 40/41 | €738,329 | €907,472 | +€169,143 | +22.9% |
| Trade receivables | 40 | €36,535 | €0 | -€36,535 | -100% |
| Other amounts receivable | 41 | €701,794 | €907,472 | +€205,678 | +29.3% |
| Cash at bank and in hand | 54/58 | €20,990 | €16,089 | -€4,901 | -23.4% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,684,185 | €1,802,242 | +€118,057 | +7.0% |
| Equity | 10/15 | €520,638 | €536,795 | +€16,157 | +3.1% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €270,638 | €286,795 | +€16,157 | +6.0% |
| Non-distributable reserves | 130/1 | €9,848 | €25,000 | +€15,152 | +154% |
| Legal reserve | 130 | €9,848 | €25,000 | +€15,152 | +154% |
| Tax-exempt reserves | 132 | €89,333 | €89,333 | = | 0.0% |
| Distributable reserves | 133 | €171,458 | €172,463 | +€1,005 | +0.6% |
| Provisions and deferred taxes | 16 | €29,778 | €29,778 | = | 0.0% |
| Deferred taxes | 168 | €29,778 | €29,778 | = | 0.0% |
| Amounts payable | 17/49 | €1,133,769 | €1,235,669 | +€101,900 | +9.0% |
| Amounts payable after more than one year | 17 | €435,847 | €543,579 | +€107,732 | +24.7% |
| Financial debts | 170/4 | €435,847 | €543,579 | +€107,732 | +24.7% |
| Amounts payable within one year | 42/48 | €693,362 | €684,945 | -€8,417 | -1.2% |
| Current portion of amounts payable after more than one year | 42 | €69,100 | €76,900 | +€7,800 | +11.3% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | - | €23,232 | +€23,232 | |
| Suppliers | 440/4 | - | €23,232 | +€23,232 | |
| Taxes, remuneration and social security | 45 | €4,278 | €5,093 | +€816 | +19.1% |
| Taxes | 450/3 | €4,278 | €5,093 | +€816 | +19.1% |
| Other amounts payable | 47/48 | €619,985 | €579,719 | -€40,266 | -6.5% |
| Accrued charges and deferred income | 492/3 | €4,560 | €7,145 | +€2,585 | +56.7% |
| Non-recurring operating income | 76A | €119,110 | €0 | -€119,110 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,185 | €46,185 | +€0 | 0.0% |
| Other operating charges | 640/8 | €5,995 | €4,322 | -€1,673 | -27.9% |
| Gross operating margin | 9900 | €236,263 | €101,602 | -€134,661 | -57.0% |
| Operating profit (loss) | 9901 | €184,083 | €51,095 | -€132,988 | -72.2% |
| Financial charges | 65/66B | €28,262 | €29,553 | +€1,291 | +4.6% |
| Recurring financial charges | 65 | €28,262 | €29,553 | +€1,291 | +4.6% |
| Profit (loss) for the period before taxes | 9903 | €155,822 | €21,542 | -€134,279 | -86.2% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Transfer to deferred taxes | 680 | €29,778 | €0 | -€29,778 | -100% |
| Income taxes | 67/77 | €9,178 | €5,386 | -€3,792 | -41.3% |
| Profit (loss) for the period | 9904 | €116,866 | €16,157 | -€100,709 | -86.2% |
| Transfer to tax-exempt reserves | 689 | €89,333 | €0 | -€89,333 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €27,534 | €16,157 | -€11,377 | -41.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.