D.E.G. 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.
D.E.G. VASTGOED
Largest movements
- Receivables within one year -€110,173
down €110,173 (-72.6%), from €151,667 to €41,494
of which Other amounts receivable: -€118,104
- Tangible fixed assets -€64,734
down €64,734 (-5.1%), from €1.3m to €1.2m
of which Land and buildings: -€59,023
- Cash -€35,683
down €35,683 (-45.7%), from €78,043 to €42,360
mainly Other debts (-€243,194) and Net result for the year (-€154,934)
- Other debts -€243,194
down €243,194 (-81.0%), from €300,128 to €56,934
- Debts after one year +€196,291
up €196,291 (+25.1%), from €781,631 to €977,922
- Profit (loss) carried forward -€136,137
down €136,137 (-217.8%), from -€62,508 to -€198,645
- Reserves -€18,797
down €18,797 (-6.8%), from €278,001 to €259,204
of which Tax-exempt reserves: -€18,797
- Financial charges +€120,330
up €120,330 (+342.9%), from €35,096 to €155,426
of which Non-recurring financial charges: +€123,096
- Financial income -€3,293
down €3,293 (-21.8%), from €15,114 to €11,821
of which Financial income: -€3,090
- Gross operating margin -€3,243
down €3,243 (-5.8%), from €55,766 to €52,522
- Depreciation +€1,260
up €1,260 (+2.0%), from €63,474 to €64,734
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.
Cash bridge derived
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 | €1,684,670 | €1,480,310 | -€204,360 | -12.1% |
| Fixed assets | 21/28 | €1,266,394 | €1,201,660 | -€64,734 | -5.1% |
| Tangible fixed assets | 22/27 | €1,266,144 | €1,201,410 | -€64,734 | -5.1% |
| Land and buildings | 22 | €1,252,206 | €1,193,184 | -€59,023 | -4.7% |
| Plant, machinery and equipment | 23 | - | €5,601 | +€5,601 | |
| Furniture and vehicles | 24 | €6,936 | €2,625 | -€4,311 | -62.2% |
| Assets under construction and advance payments | 27 | €7,002 | €0 | -€7,002 | -100.0% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €418,275 | €278,650 | -€139,625 | -33.4% |
| Amounts receivable after more than one year | 29 | €175,722 | €182,752 | +€7,030 | +4.0% |
| Other amounts receivable | 291 | €175,722 | €182,752 | +€7,030 | +4.0% |
| Amounts receivable within one year | 40/41 | €151,667 | €41,494 | -€110,173 | -72.6% |
| Trade receivables | 40 | €31,959 | €39,890 | +€7,931 | +24.8% |
| Other amounts receivable | 41 | €119,708 | €1,604 | -€118,104 | -98.7% |
| Cash at bank and in hand | 54/58 | €78,043 | €42,360 | -€35,683 | -45.7% |
| Deferred charges and accrued income | 490/1 | €12,843 | €12,044 | -€799 | -6.2% |
| Total equity and liabilities | 10/49 | €1,684,670 | €1,480,310 | -€204,360 | -12.1% |
| Equity | 10/15 | €315,493 | €160,559 | -€154,934 | -49.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €278,001 | €259,204 | -€18,797 | -6.8% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €268,001 | €249,204 | -€18,797 | -7.0% |
| Profit (loss) carried forward | 14 | -€62,508 | -€198,645 | -€136,137 | -217.8% |
| Provisions and deferred taxes | 16 | €89,334 | €83,068 | -€6,266 | -7.0% |
| Deferred taxes | 168 | €89,334 | €83,068 | -€6,266 | -7.0% |
| Amounts payable | 17/49 | €1,279,844 | €1,236,683 | -€43,160 | -3.4% |
| Amounts payable after more than one year | 17 | €781,631 | €977,922 | +€196,291 | +25.1% |
| Financial debts | 170/4 | €781,631 | €977,922 | +€196,291 | +25.1% |
| Amounts payable within one year | 42/48 | €484,863 | €245,894 | -€238,970 | -49.3% |
| Current portion of amounts payable after more than one year | 42 | €97,757 | €91,288 | -€6,468 | -6.6% |
| Trade debts | 44 | €86,961 | €96,885 | +€9,924 | +11.4% |
| Suppliers | 440/4 | €86,961 | €96,885 | +€9,924 | +11.4% |
| Taxes, remuneration and social security | 45 | €18 | €786 | +€768 | +4298.1% |
| Taxes | 450/3 | €18 | €786 | +€768 | +4298.1% |
| Other amounts payable | 47/48 | €300,128 | €56,934 | -€243,194 | -81.0% |
| Accrued charges and deferred income | 492/3 | €13,349 | €12,868 | -€482 | -3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,474 | €64,734 | +€1,260 | +2.0% |
| Other operating charges | 640/8 | €5,220 | €5,383 | +€162 | +3.1% |
| Gross operating margin | 9900 | €55,766 | €52,522 | -€3,243 | -5.8% |
| Operating profit (loss) | 9901 | -€12,928 | -€17,595 | -€4,666 | -36.1% |
| Financial income | 75/76B | €15,114 | €11,821 | -€3,293 | -21.8% |
| Recurring financial income | 75 | €14,911 | €11,821 | -€3,090 | -20.7% |
| Non-recurring financial income | 76B | €203 | €0 | -€203 | -100.0% |
| Financial charges | 65/66B | €35,096 | €155,426 | +€120,330 | +342.9% |
| Recurring financial charges | 65 | €35,096 | €32,330 | -€2,766 | -7.9% |
| Non-recurring financial charges | 66B | - | €123,096 | +€123,096 | |
| Profit (loss) for the period before taxes | 9903 | -€32,910 | -€161,200 | -€128,289 | -389.8% |
| Transfer from deferred taxes | 780 | €6,266 | €6,266 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€26,645 | -€154,934 | -€128,289 | -481.5% |
| Transfer from tax-exempt reserves | 789 | €18,797 | €18,797 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,848 | -€136,137 | -€128,289 | -1634.8% |
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 12 October 2026 via checked.be.