D.K. 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.K. VASTGOED
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€54,000
2024 · €42,307+€11,694
Equity
€928,942
2024 · €874,942+€54,000
Cash
€181,510
2024 · €257,718-€76,208
Balance sheet total
€2.2m
2024 · €2.3m-€59,943
Largest movements
Assets
- Receivables within one year +€80,983
up €80,983 (+42.2%), from €192,090 to €273,072
- Cash -€76,208
down €76,208 (-29.6%), from €257,718 to €181,510
mainly Debts after one year (-€95,908) and Receivables within one year (-€80,983)
- Tangible fixed assets -€41,871
down €41,871 (-2.7%), from €1.6m to €1.5m
- Receivables after one year -€29,407
down €29,407 (-11.3%), from €259,155 to €229,749
Equity and liabilities
- Debts after one year -€95,908
down €95,908 (-9.0%), from €1.1m to €970,548
- Profit (loss) carried forward +€54,000
up €54,000 (+31.2%), from -€173,168 to -€119,168
Income statement
- Gross operating margin +€10,505
up €10,505 (+5.1%), from €204,825 to €215,330
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
€42,307
Gross operating margin
+€10,505
Depreciation
-€787
Other operating charges
-€728
Financial income
+€1,045
Financial charges
+€1,658
Result 2025
€54,000
raises the resultlowers the result
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
+€97,565
Investment
-€79,513
Financing
-€94,261
Cash 2024
€257,718
From operations (derived)
+€97,565
Net result for the year
+€54,000
Depreciation
+€121,383
Receivables after one year
+€29,407
Receivables within one year
-€80,983
Deferred charges and accrued income
-€6,560
Trade debts
-€2,387
Tax, wage and social debts
+€1,305
Other debts
-€18,600
Investment (derived)
-€79,513
Investment in fixed assets (net)
-€79,513
Financing
-€94,261
Debts after one year
-€95,908
Current portion of long-term debt
+€1,647
Cash 2025
€181,510
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,305,458 | €2,245,515 | -€59,943 | -2.6% |
| Fixed assets | 21/28 | €1,579,052 | €1,537,182 | -€41,871 | -2.7% |
| Tangible fixed assets | 22/27 | €1,579,052 | €1,537,182 | -€41,871 | -2.7% |
| Land and buildings | 22 | €1,579,052 | €1,537,182 | -€41,871 | -2.7% |
| Current assets | 29/58 | €726,406 | €708,334 | -€18,072 | -2.5% |
| Amounts receivable after more than one year | 29 | €259,155 | €229,749 | -€29,407 | -11.3% |
| Other amounts receivable | 291 | €259,155 | €229,749 | -€29,407 | -11.3% |
| Amounts receivable within one year | 40/41 | €192,090 | €273,072 | +€80,983 | +42.2% |
| Other amounts receivable | 41 | €192,090 | €273,072 | +€80,983 | +42.2% |
| Cash at bank and in hand | 54/58 | €257,718 | €181,510 | -€76,208 | -29.6% |
| Deferred charges and accrued income | 490/1 | €17,443 | €24,003 | +€6,560 | +37.6% |
| Total equity and liabilities | 10/49 | €2,305,458 | €2,245,515 | -€59,943 | -2.6% |
| Equity | 10/15 | €874,942 | €928,942 | +€54,000 | +6.2% |
| Contributions | 10/11 | €624,366 | €624,366 | = | 0.0% |
| Capital | 10 | €624,366 | €624,366 | = | 0.0% |
| Issued capital | 100 | €624,366 | €624,366 | = | 0.0% |
| Reserves | 13 | €423,744 | €423,744 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,958 | €4,958 | = | 0.0% |
| Legal reserve | 130 | €4,958 | €4,958 | = | 0.0% |
| Tax-exempt reserves | 132 | €418,786 | €418,786 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€173,168 | -€119,168 | +€54,000 | +31.2% |
| Provisions and deferred taxes | 16 | €139,595 | €139,595 | = | 0.0% |
| Deferred taxes | 168 | €139,595 | €139,595 | = | 0.0% |
| Amounts payable | 17/49 | €1,290,921 | €1,176,978 | -€113,943 | -8.8% |
| Amounts payable after more than one year | 17 | €1,066,456 | €970,548 | -€95,908 | -9.0% |
| Financial debts | 170/4 | €1,066,456 | €970,548 | -€95,908 | -9.0% |
| Amounts payable within one year | 42/48 | €224,465 | €206,430 | -€18,035 | -8.0% |
| Current portion of amounts payable after more than one year | 42 | €94,261 | €95,908 | +€1,647 | +1.7% |
| Trade debts | 44 | €3,850 | €1,462 | -€2,387 | -62.0% |
| Suppliers | 440/4 | €3,850 | €1,462 | -€2,387 | -62.0% |
| Taxes, remuneration and social security | 45 | €1,305 | €2,610 | +€1,305 | +100% |
| Taxes | 450/3 | €1,305 | €2,610 | +€1,305 | +100% |
| Other amounts payable | 47/48 | €125,050 | €106,450 | -€18,600 | -14.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €120,597 | €121,383 | +€787 | +0.7% |
| Other operating charges | 640/8 | €18,166 | €18,894 | +€728 | +4.0% |
| Gross operating margin | 9900 | €204,825 | €215,330 | +€10,505 | +5.1% |
| Operating profit (loss) | 9901 | €66,062 | €75,053 | +€8,991 | +13.6% |
| Financial income | 75/76B | €14,918 | €15,963 | +€1,045 | +7.0% |
| Recurring financial income | 75 | €14,918 | €15,963 | +€1,045 | +7.0% |
| Financial charges | 65/66B | €38,674 | €37,016 | -€1,658 | -4.3% |
| Recurring financial charges | 65 | €38,674 | €37,016 | -€1,658 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €42,307 | €54,000 | +€11,694 | +27.6% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €42,307 | €54,000 | +€11,694 | +27.6% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €42,307 | €54,000 | +€11,694 | +27.6% |
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 30 October 2026 via checked.be.